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AUD/USD

  • #27,241
  • Jan 12, 2011 8:59pm Jan 12, 2011 8:59pm
Quoting March2011
So true, I entered short on a set up that's not so fit my rules and it's so close to SL now. Lesson learned.
LOL, If it's a lesson you learned AND you stick by what you learned then that's ok. I'm forever having these hard lessons and just when I think I've mastered a bit of mm and discipline I go and do something stupid again. Mayhap I should lob a brick at my head and see if that helps what I learn to go in a bit deeper ...
  • #27,242
  • Jan 12, 2011 9:22pm Jan 12, 2011 9:22pm
Quoting Lorna
LOL, If it's a lesson you learned AND you stick by what you learned then that's ok. I'm forever having these hard lessons and just when I think I've mastered a bit of mm and discipline I go and do something stupid again. Mayhap I should lob a brick at my head and see if that helps what I learn to go in a bit deeper ...
We have all been there.

I finally went to pattern/formation trading a few years back on a few different time frames, if for whatever reason I enter the market on my pattern/formation and it does the opposite of what I expected, I exit.

Simple, trade the same setups, the same entry, the same stops, and the same profits.

Once you stray from what you know, you will know.

Cheers, oh, how long have you been trading forex?
  • #27,243
  • Jan 12, 2011 9:27pm Jan 12, 2011 9:27pm
Just really curious here Guys and Gals. Why is everyone in here trying to fight this.....???


Jim
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 23 KB
  • #27,244
  • Jan 12, 2011 10:21pm Jan 12, 2011 10:21pm
Nothing reallly suprises me anymore, but I must say I am a little miffed at the Aussie strength after that employment number. That number is looking back, and looking forward all the flooding can only be hurting the Aust. economy. The market just last week was pricing in over 50 basis points of hikes this year. Hard to see that number as a reality right now. I would lean towards no hikes or maybe even a cut.... certainly if China keeps raising rates and slowing their economy. I'm not saying I was expecting a southbound route on this evening's number, but this muted reaction so far has me somewhat puzzelled.

Regards,
  • #27,245
  • Jan 12, 2011 10:27pm Jan 12, 2011 10:27pm
AU broke my resistance last night but now again going below the line. So will hold my short trade.
  • #27,246
  • Jan 12, 2011 10:28pm Jan 12, 2011 10:28pm
http://www.telegraph.co.uk/finance/f...scue-fund.html
  • #27,247
  • Jan 12, 2011 10:33pm Jan 12, 2011 10:33pm
Quoting FX-Petra
Nothing reallly suprises me anymore, but I must say I am a little miffed at the Aussie strength after that employment number. That number is looking back, and looking forward all the flooding can only be hurting the Aust. economy. The market just last week was pricing in over 50 basis points of hikes this year. Hard to see that number as a reality right now. I would lean towards no hikes or maybe even a cut.... certainly if China keeps raising rates and slowing their economy. I'm not saying I was expecting a southbound route on this evening's number,...

Hi FX-Petra,
The over 50 basis points of hikes this year were planned for the second half of the year and as far as I know they are still on the table.
All the chatter is like looking at the M1 chart and thinking you know which way the price is going.
  • #27,248
  • Jan 12, 2011 10:43pm Jan 12, 2011 10:43pm
Quoting Nene
Just really curious here Guys and Gals. Why is everyone in here trying to fight this.....???


Jim
Bias was short until yesterdays massive candle. Overall, definitely looking for longs, but I dont like this consolidation area. I'll wait to see what happens over night in London first.

I closed my short at +3.2 (-3.12 swap) heheh. Four hours for some pocket change that you can't even buy a candy bar with.

Will check out again tomorrow morning as it appears things have died for the moment... leave it to london for now... i'm flat.
  • #27,249
  • Edited 1:08am Jan 13, 2011 12:59am | Edited 1:08am
Well, I barely eke out a 30 pips profit from my longs at 0.9910. It is like squeezing blood from stone the last few days for me when longing the AUS/USD. With my highly untrained eye, it may dipped to 0.9870 (?) today which is where my next wave of longs await. I have some confidence in Australia's economy in the long term - flood should be just an unfortunate road bump.
  • #27,250
  • Jan 13, 2011 1:13am Jan 13, 2011 1:13am
Quoting Amanda2
Well, I barely eke out a 30 pips profit from my longs at 0.9910. It is like squeezing blood from stone the last few days for me when longing the AUS/USD. With my highly untrained eye, it may dipped to 0.9870 (?) today which is where my next wave of longs await. I have some confidence in Australia's economy in the long term - flood should be just an unfortunate road bump.
Hi Amanda, don't worry it takes time to master, a LOT of time.
Admitedly, this run north has been a great small trend to catch, it has behaved very well, with hardly any overlaps.
I'll show you a screen shot of a limit order that didn't get filled, for a laugh.
Biggest joker
  • #27,251
  • Jan 13, 2011 1:23am Jan 13, 2011 1:23am
Attached Image (click to enlarge)
Click to Enlarge Name: short.JPG Size: 73 KB

I have been busy lately so my trading has been longer term than normaly, what you see on the chart is a limit to exit a hedge short i had while i couldn't keep an eye on things, it didn't fill by the spread, and it has costed me a bit of money.
Biggest joker
  • #27,252
  • Jan 13, 2011 1:34am Jan 13, 2011 1:34am
Quoting Nene
Just really curious here Guys and Gals. Why is everyone in here trying to fight this.....???


Jim
analysis of good friends,

for long-term, AU is still strong enough to hold up,,
despite the great flood swept the Australian, but this is not too bad to rise AU
only an analysis, and I'm always wrong, don't follow me,
  • #27,253
  • Jan 13, 2011 1:55am Jan 13, 2011 1:55am
Daily KR, and tweezer bottoms, but a bit overbought on hourly
Attached Image (click to enlarge)
Click to Enlarge Name: aud daily.JPG Size: 70 KB
Biggest joker
  • #27,254
  • Jan 13, 2011 2:30am Jan 13, 2011 2:30am
AU going south with force (likely). EUR/AUD break out.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud1d.gif Size: 16 KB
  • #27,255
  • Jan 13, 2011 2:33am Jan 13, 2011 2:33am
Quoting Alki
I think so, but i hesitate since we did not touch 0.9975 and fall back. Otherwise first target could be 0.9700 level, carefull then for second target which could be 0.9100. I begin to love aussie lol.
We touched it at 1 pip higher. Will we see 0.9700 level?
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #27,256
  • Jan 13, 2011 4:31am Jan 13, 2011 4:31am
Is it me or Aussie can't break the0.9970?
  • #27,257
  • Jan 13, 2011 4:40am Jan 13, 2011 4:40am
Quoting stock
Is it me or Aussie can't break the0.9970?
It is you: 9977
Use me as a contrarian indicator
  • #27,258
  • Jan 13, 2011 4:43am Jan 13, 2011 4:43am
Well if she passes the 0.9980.... until 1.0025 is only air.
  • #27,259
  • Jan 13, 2011 5:08am Jan 13, 2011 5:08am
game on in 1 hour 20mins....

if US data worse than expected....... short!
if US data better than expected....... BUY!
Logics do not apply in FOREX
  • #27,260
  • Jan 13, 2011 5:28am Jan 13, 2011 5:28am
sold @ 0.99716 manual stop around 20pips
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