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AUD/USD

  • #27,921
  • Feb 5, 2011 6:24am Feb 5, 2011 6:24am
Quoting kandarv
I'm not sure about it... it's bouncing on the 23% retracement...
Who knows mate, at best, we can only be right, and at worst, we can only be wrong!

Granted, one certainly can not ignore the HH/HL
  • #27,922
  • Feb 5, 2011 9:57am Feb 5, 2011 9:57am
Quoting longshot_nl
another possible scenario...

This one fits better, IMO.

In the other one, your labelled 5th wave had only 3 major subwaves, so I think it cannot be.
Use me as a contrarian indicator
  • #27,923
  • Feb 5, 2011 8:12pm Feb 5, 2011 8:12pm
Quoting longshot_nl
Often wave 5 has a gap.
Monday there may be a gap up.
The other thing is, it might still be a 3 top structure or an ending diagornal.
So i might also still get lucky.
The target is insane.
here my long term charts.
no problem bro,,
for great results require patience
only an analysis, and I'm always wrong, don't follow me,
  • #27,924
  • Feb 6, 2011 2:27am Feb 6, 2011 2:27am
expecting a big gap on audusd due news data....

lets c

PhanTi
Hero calls followed by margin calls...
  • #27,925
  • Feb 6, 2011 4:55am Feb 6, 2011 4:55am
Quoting PhAnTi'
expecting a big gap on audusd due news data....

lets c

PhanTi
gap up or down?

Thanks,
Use me as a contrarian indicator
  • #27,926
  • Feb 6, 2011 7:37am Feb 6, 2011 7:37am
Quoting mrbandwidth
gap up or down?

Thanks,
i missed the time....sorry.

news this night, after market open...

ph.
Hero calls followed by margin calls...
  • #27,927
  • Feb 6, 2011 8:01am Feb 6, 2011 8:01am
Quoting mrbandwidth
gap up or down?

Thanks,
.lol.

i think GAP DOWN,
only an analysis, and I'm always wrong, don't follow me,
  • #27,928
  • Feb 6, 2011 2:21pm Feb 6, 2011 2:21pm
Quoting andelumut
.lol.

i think GAP DOWN,

gap filled.
Use me as a contrarian indicator
  • #27,929
  • Feb 6, 2011 3:40pm Feb 6, 2011 3:40pm
Sold it at 1.0140 ... with a tight stop loss. Waiting to see the future evolution.

News will probably come out good, but who knows?

Would you buy a house during a flood? Or a cyclone?
  • #27,930
  • Feb 6, 2011 3:51pm Feb 6, 2011 3:51pm
Took a cheeky short at 1.013. Will monitor this trade as it goes.
  • #27,931
  • Feb 6, 2011 4:05pm Feb 6, 2011 4:05pm
Quoting Warwick
Profits Booked, will short again @ 1.02XX - 1.022X (assuming we get there)
A question, and this might apply to more than yourself but why would you be looking to short once the market is moving back in the long direction (picking tops) and if you believe it will be there wouldnt the smart option be to trade with the direction and evaluate once price gets there.

For the past 2 weeks it has been a shorting frenzy here, from 9800 to 1.02 and it hasnt just been 1 person or 1 trade it has been multiple people with multiple trades. Eli with his level 4 must be making a killing. Even after the break of parity there were still so many trying to call the tops instead of buying with the flow... Just seems strange and I was told about these threads (AUD/USD, EUR/USD etc) that this kind of thing happens all the time. Someone said on here that they were going to use Eli as a contrarian indicator and I dont think he has been back so there are still alot of short short shorts. Now I was short also intraday off penant bounces so there are reason for why so many in that instance would be short but once this broke out and passed parity the mentality should have changed to long long long but for so many it hasnt and I am curious as to why. Unfortunately for me the break out that I was wanting http://www.forexfactory.com/showpost...ostcount=27704 happened during a very busy week and I had very little time to open charts and trade without just rushing a trade to get in. I am on the sidelines for this pair for today at least until I can see what I want to do but I was interested, considering that I am a big fan of Peter Crowns and Joel Rensink who say that you need to be prepared to buy during up times and sell during downs times (the opposite mentality of the herd which looks to buy at the bottoms and sell at the tops).

Curiously waiting

RT
  • #27,932
  • Feb 6, 2011 4:33pm Feb 6, 2011 4:33pm
Nice spike, nice cash
  • #27,933
  • Feb 6, 2011 5:45pm Feb 6, 2011 5:45pm
Buying bottoms and selling tops needs a solid plan. Whatever solid plan you could have, forex could easily destroy It. I agree that many people lost money by going short all The Time from 0.9800 to 1.0200. I do not know why. No plan, No justified entry, TP for few pips with smal ratio. For my self, i tries to post here some détails of my plan insisting that i don't see any short at all and NeXT aussie target could be 1.0200 when we was at around 0.9900 level but No one take care! During The rising everybody took short. I ré-sent more détails to aware people and gave that i am long but again many people went short. I said i am out with my longs but Wait confirmation to go short and people were short. What can i do more Razor?

Frankly, i do not see any reason to post more on FF such alert. People here looks like come here to show how much they win or to attack a pair or even The country itself of The pair, which means emotinal traders. An emotinal trader CAN not succeed in long term.

Enjoy your trades.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #27,934
  • Feb 6, 2011 6:41pm Feb 6, 2011 6:41pm
Quoting Alki
Buying bottoms and selling tops needs a solid plan. Whatever solid plan you could have, forex could easily destroy It. I agree that many people lost money by going short all The Time from 0.9800 to 1.0200. I do not know why. No plan, No justified entry, TP for few pips with smal ratio. For my self, i tries to post here some détails of my plan insisting that i don't see any short at all and NeXT aussie target could be 1.0200 when we was at around 0.9900 level but No one take care! During The rising everybody took short. I ré-sent more détails to...

hi mate, actually seems like you have more accurate data than other people have. well, at that time, it seems to be a good spot to short, as those natural disaster seems to have a big hit on australia. so i dont blame them to go on short.
Logics do not apply in FOREX
  • #27,935
  • Feb 6, 2011 9:54pm Feb 6, 2011 9:54pm
Quoting bskwak1124
hi mate, actually seems like you have more accurate data than other people have. well, at that time, it seems to be a good spot to short, as those natural disaster seems to have a big hit on australia. so i dont blame them to go on short.
But, surprisingly for someone, that is a wrong reasoning. Natural disasters tend - except for a very short-lived spike - to have a positive effect on the economy. I myself think (and wrote about half a year ago) that above parity is a long-term trading zone for this pair and due to the swap consider shorting this pair a nonsence.
  • #27,936
  • Feb 6, 2011 9:58pm Feb 6, 2011 9:58pm
Quoting JanPoko
But, surprisingly for someone, that is a wrong reasoning. Natural disasters tend - except for a very short-lived spike - to have a positive effect on the economy. I myself think (and wrote about half a year ago) that above parity is a long-term trading zone for this pair and due to the swap consider shorting this pair a nonsence.

well, true that if economy keep expanding... but lets see how this pair goes.... hopes chinese gov will do their job good....
Logics do not apply in FOREX
  • #27,937
  • Feb 6, 2011 10:02pm Feb 6, 2011 10:02pm
Quoting Razor_trader
...(the opposite mentality of the herd which looks to buy at the bottoms and sell at the tops).

Curiously waiting

RT
Really?
Considering various threads and posts here on FF I am daily being convinced that the heard tends to follow the so called golden rules, like "don't look for the bottom,you'll get your fingers..." , "follow the trend" or even "always use SL" and similar crap...
  • #27,938
  • Feb 6, 2011 10:25pm Feb 6, 2011 10:25pm
Worth a short here i guess....
Biggest joker
  • #27,939
  • Feb 6, 2011 11:21pm Feb 6, 2011 11:21pm
Quoting JanPoko
Really?
Considering various threads and posts here on FF I am daily being convinced that the heard tends to follow the so called golden rules, like "don't look for the bottom,you'll get your fingers..." , "follow the trend" or even "always use SL" and similar crap...
While that is possibly true there is no doubt that the past few weeks this thread has been a haven for short callers, some scalpers and intraday and others calling huge drops. In any case it is why I find forums interesting because you can see into the minds of some people as too why they are doing something even if it is completely wrong.

RT
  • #27,940
  • Edited 11:44pm Feb 6, 2011 11:24pm | Edited 11:44pm
140 zone heavily bid....out for 15 will re-enter
140ish may become an offer zone...

I have to add, overall still bullish on AUD, just trading the session...
Biggest joker
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