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Nearly Naked (Simple Trades)

  • #9,341
  • Nov 8, 2010 5:08pm Nov 8, 2010 5:08pm
Quoting monstapips
I see a range forming on the 15minute.

resistance at 1.0175, support at 1.0085.

http://img577.imageshack.us/img577/9782/audusd.png
Tuesday will probably be another day of ranging, I will buy support today looking for a breakout on Wednesday.
  • #9,342
  • Nov 8, 2010 6:10pm Nov 8, 2010 6:10pm
MArc

I've had some good scalping this morning
  • #9,343
  • Nov 8, 2010 6:13pm Nov 8, 2010 6:13pm
Quoting nick7r
MArc

I've had some good scalping this morning
Sweet!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,344
  • Nov 8, 2010 6:22pm Nov 8, 2010 6:22pm
Quoting amyc
Tuesday will probably be another day of ranging, I will buy support today looking for a breakout on Wednesday.
I have taken au longs off 0075, stops at 0060, if not stopped out I will hold for the rest of the week.
  • #9,345
  • Nov 8, 2010 7:49pm Nov 8, 2010 7:49pm
Quoting amyc
I have taken au longs off 0075, stops at 0060, if not stopped out I will hold for the rest of the week.
Nice entry. I was too scared... 1hr and 45min later...WHY drop and then come right back? This is irrationality and insanity. I'll wait and keep my underpants clean!
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 165 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,346
  • Nov 8, 2010 8:00pm Nov 8, 2010 8:00pm
Quoting MarcVUM
Nice entry. I was too scared... 1hr and 45min later...WHY drop and then come right back? This is irrationality and insanity. I'll wait and keep my underpants clean!
I might still get taken out, eu should move back to 3782 later today, depends whether it takes au with it.
  • #9,347
  • Nov 8, 2010 8:03pm Nov 8, 2010 8:03pm
Short a/u
Attached Image (click to enlarge)
Click to Enlarge Name: pic105.gif Size: 13 KB
Annoying Precision
  • #9,348
  • Nov 8, 2010 10:43pm Nov 8, 2010 10:43pm
Quoting MarcVUM
Nice entry. I was too scared... 1hr and 45min later...WHY drop and then come right back? This is irrationality and insanity. I'll wait and keep my underpants clean!

Hi Marc,
The opposition came out and said the government was going to be in extra deficit next year. So down it went.
An hour later the treasurer came out and positively explained the deficit and how the government would be better off because of the small extra deficit and that they would still be in surplus by 2012/13. So up it went.
That shows just how jumpy the market is.
  • #9,349
  • Nov 8, 2010 11:24pm Nov 8, 2010 11:24pm
Quoting erikte279
Short a/u
Joining you on this Erikte. Its gotta go somewhere. Would like to see 0090 support break to test 0024.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 101111 Daily.jpg Size: 77 KB
May the pip flow with you
  • #9,350
  • Nov 9, 2010 1:10am Nov 9, 2010 1:10am

I'm still holding shorts but be careful either way. They may be baiting in as many shorts as possible before we get a helluva move upward.

Quoting Flow
Joining you on this Erikte. Its gotta go somewhere. Would like to see 0090 support break to test 0024.
Annoying Precision
  • #9,351
  • Nov 9, 2010 1:16am Nov 9, 2010 1:16am
Order flow trading technical article

http://www.newyorkfed.org/research/s...orts/sr125.pdf
Annoying Precision
  • #9,352
  • Nov 9, 2010 1:56am Nov 9, 2010 1:56am
Amys magical level proving to be a headache
Attached Image (click to enlarge)
Click to Enlarge Name: pic107.gif Size: 17 KB
Annoying Precision
  • #9,353
  • Nov 9, 2010 3:11am Nov 9, 2010 3:11am
what a Choppy afternoon.
May the pip flow with you
  • #9,354
  • Nov 9, 2010 3:33am Nov 9, 2010 3:33am
TP at cluster retest and jumped ship.
Attached Image (click to enlarge)
Click to Enlarge Name: pic107.gif Size: 21 KB
Annoying Precision
  • #9,355
  • Nov 9, 2010 12:26pm Nov 9, 2010 12:26pm
A/U. Ok, I'm tired of the range! Let's move on now...

BTW, the USD is looking like it's going to make a good move upwards... pull up a Daily chart ($DXY) with a 8ema and 35sma.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 172 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,356
  • Nov 9, 2010 2:27pm Nov 9, 2010 2:27pm
HI all,

What's going on?
May the pip flow with you
  • #9,357
  • Nov 9, 2010 2:41pm Nov 9, 2010 2:41pm
Long CHF - Only pair that has not reacted to the strengthening of USD as much as the other dollar pairs..
May the pip flow with you
  • #9,358
  • Nov 9, 2010 3:45pm Nov 9, 2010 3:45pm
I've got a Daily chart of A/U; H4 chart of the S&P500 and a Daily chart of the DXY. It surely looks to me as though equities are coming down while the USD goes up...guess that means the A/U is going to be making its way down.

Amy, I know you were expecting A/U to move higher. Is this maybe a good buying opportunity or has the pattern you were expecting been destroyed by today's (NY session) price action?
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 120 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,359
  • Nov 9, 2010 4:25pm Nov 9, 2010 4:25pm
Quoting MarcVUM
I've got a Daily chart of A/U; H4 chart of the S&P500 and a Daily chart of the DXY. It surely looks to me as though equities are coming down while the USD goes up...guess that means the A/U is going to be making its way down.

Amy, I know you were expecting A/U to move higher. Is this maybe a good buying opportunity or has the pattern you were expecting been destroyed by today's (NY session) price action?
The pattern I expected has been destroyed, it really shouldn't be down here at this stage in the week if its going higher, however i have given it one more chance as there is a lot of support for it at 1.0000. Probably will be stopped out though.

Also I agree wit you on the S&P, i think it is finally going to do a retrace and let us get into longs.
  • #9,360
  • Nov 9, 2010 9:34pm Nov 9, 2010 9:34pm
Marc

I shorted down to parity, and then scalped off there for total 30 pips. Appropriate your support.

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