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AUD/USD

  • #28,001
  • Feb 8, 2011 10:47am Feb 8, 2011 10:47am
good luck with your vendetta. if in an hour and a half it hasn't reached a new day high, i'll go short till 23.00 gtm (and see how much i am going to lose).
  • #28,002
  • Feb 8, 2011 10:49am Feb 8, 2011 10:49am
well stopped out. poor me tried to short this cursed currency!what drives me mad more though is that when i waked up this morning i was long . reversed my position after the rate announcement and got stopped out by the end of the day.
  • #28,003
  • Feb 8, 2011 11:04am Feb 8, 2011 11:04am
short again at 0179, will see what this gives me, there is a fomc member speaking in an hour, tight stop lozzzzz
Old Habits Die Hard.
  • #28,004
  • Feb 8, 2011 11:09am Feb 8, 2011 11:09am
Quoting Shaggy_rock
short again at 0179, will see what this gives me, there is a fomc member speaking in an hour, tight stop lozzzzz
where is your TP?
  • #28,005
  • Feb 8, 2011 11:26am Feb 8, 2011 11:26am
Quoting Erinieks
where is your TP?

hi, i expect 130 for now, maybe 120, 110 , will see what this gives,
maybe it gives me nuthin!
Old Habits Die Hard.
  • #28,006
  • Feb 8, 2011 11:39am Feb 8, 2011 11:39am
Quoting Venice
The Aussie doesn't care about the fundamentals that should be supposedly driving it. Interest rate > *
That's the best thing was said on this thread from a long time.

People are trying to trade fudamentals while they know only visible part of the iceberg and supposed they have the same analysis of hedge funds gouvernments and banks. Chart is comun for everyone in the world but not fundamentals.

Who did not get foolish yet by Aussie from beginning of february until now? lol
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #28,007
  • Feb 8, 2011 1:23pm Feb 8, 2011 1:23pm
Quoting peyman
gold?? why dose it erect??


It is getting better by the day
Biggest joker
  • #28,008
  • Edited 1:34pm Feb 8, 2011 1:32pm | Edited 1:34pm
The latest gold chart..

Attached Image (click to enlarge)
Click to Enlarge Name: goldy.JPG Size: 63 KB


Btw peyman, don't take it too personaly, english is my second language too and i have said some wonderfull things in my time..
Biggest joker
  • #28,009
  • Feb 8, 2011 1:43pm Feb 8, 2011 1:43pm
Quoting baron193
The latest gold chart..

Attachment

Btw peyman, don't take it too personaly, english is my second language too and i have said some wonderfull things in my time..
oh my
  • #28,010
  • Feb 8, 2011 1:51pm Feb 8, 2011 1:51pm
Quoting Warwick
oh my
  • #28,011
  • Feb 8, 2011 1:55pm Feb 8, 2011 1:55pm
Quoting Venice
For anyone that watches the price action on a/u. Time and time again, I have witnessed over the last few months,
Bad news will knock this down with a hard down bar, then it will slowly climb back up and beyond until the next round of bad news which knocks it down hard again, only to slowly climb right back up again.

The Aussie doesn't care about the fundamentals that should be supposedly driving it. Interest rate > *

I really have a vendetta against this currency. I can't wait until all the carry traders get their collective arses handed...
READ MY SIGNATURE, GET IT TATTOOED ON YOUR ARM. - (Sorry for the caps, had to shout that one aloud)

In short - The market will ALWAYS do what is profitable and for the moment the "upper stops" in the Aussie Pair is the profitable objective. Don't be fooled by the supply and demand jargon.

Look at retail positioning and look at where prices tend to go in relation to that pair. It happens time and time again. I always laugh when someone says retail traders represent but a small portion of the fx market, it sure would'nt seem that way as prices tend to most certainly go against the bulk of the positions.
  • #28,012
  • Feb 8, 2011 3:15pm Feb 8, 2011 3:15pm
Quoting Warwick
READ MY SIGNATURE, GET IT TATTOOED ON YOUR ARM. - (Sorry for the caps, had to shout that one aloud)...
Just to poke a little bit here, but if that is the objective... it is still represented in the charts.

Who knows, I just try and follow the order flow. If it's going up, buy, if it's going down sell.

Of course, the pile of dog ish that the aussie has been doing this week has made it very difficult.
  • #28,013
  • Feb 8, 2011 3:36pm Feb 8, 2011 3:36pm
I see the Aussie yet again teases us with another bear candle.
  • #28,014
  • Feb 8, 2011 4:21pm Feb 8, 2011 4:21pm
Quoting mrbandwidth
Remembrance (just a possibility!)...


http://www.forexfactory.com/showthre...19#post4298619

All About Eve:

http://trading-strategies.netfirms.c...andevetops.htm

http://trading-strategies.netfirms.c...ndevetops1.png


Each uptrend generates positive sentiment that must be overcome through the topping structure. Adam&Eve tops represent an efficient bar structure to accomplish this task. The violent reversal of Adam first awakens fear. Then the slow dome of Eve absorbs the remaining bull impulse while dissipating volatility needed to resume a rally. As the dome completes, price moves swiftly to lower levels without substantial resistance.

Observant technicians will recognize the mechanics of Descending Triangles and Adam & Eve formations in more complex reversals. The vast majority of tops contain some characteristics of these familiar patterns. Crowd enthusiasm must be eliminated for a decline to proceed. Through the repeated failure of price to achieve new highs, buying interest eventually recedes. Then the market can finally drop from its own weight.


Remembrance (bis)
Use me as a contrarian indicator
  • #28,015
  • Feb 8, 2011 4:23pm Feb 8, 2011 4:23pm
Quoting Warwick
Follow the stops....thats where profits reside. | Forget fundamentals, technicals and everything else - the market is driven by stop-loss orders.
With all my experience, I can only second that!
  • #28,016
  • Feb 9, 2011 1:58am Feb 9, 2011 1:58am
Quoting tkhlam
Maybe it's time to retest 1.0100 again.
Seem finished. Approaching 1.0200
  • #28,017
  • Feb 9, 2011 2:16am Feb 9, 2011 2:16am
long 1.0125.


no time for chart.
sry


ph.
Hero calls followed by margin calls...
  • #28,018
  • Feb 9, 2011 2:45am Feb 9, 2011 2:45am
Quoting PhAnTi'
long 1.0125.


no time for chart.
sry


ph.

I shall gladly sell you AUD.
  • #28,019
  • Edited 2:48am Feb 9, 2011 2:48am | Edited 2:48am
I'm sitting on my thumbs till it reaches 1.00xx level, then i will be looking to go long. priceaction too choppy atm to try determine where it would go next.
  • #28,020
  • Feb 9, 2011 2:51am Feb 9, 2011 2:51am
Hello Gentlemen,

I had a time cycle on the AUDUSD on the 5th, it almost got to the 88.6 retrace on the daily and failed. It also looks like a triple top. Man when this goes down it could be a trend to sell and hold inspite of the negative carry on this pair. I wish you all a great success on this, and remember trend don't last one day. This is a move to get in to and keep adding to if it is the high.

All the best to you all

Mike Haran
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