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AUD/USD

  • #28,521
  • Mar 9, 2011 11:27am Mar 9, 2011 11:27am
Quoting intery
WTF is this pattern? just open 1 min chart and

underground...

Attachment
LOL, i'm not sure why, but the first thing that came to my mind was the man-eating plant from Barber Shop of Horrors.
  • #28,522
  • Mar 9, 2011 11:48am Mar 9, 2011 11:48am
Quoting iono
Wow, the thread is quite, so anyway I'm short at 1.00834, no SL, no TP that's the way I roll....

On that note I love it when people on the threads get on each other about their analysis and whatnot...if I may I wold like to help some of you guys...apparently for many of you English is a second language no big deal as you are very articulate, however you guys really lack in the area of slamming or cutting someone down something only a native speaker would know how to properly do, I mean come on toilet, toilet, flushing WTF is that????

I volunteer...
Wow your english is quite something, i mean you know, er, ummm, yeah IT IS GOOD man, thank you for taking the time...
And you already had a go at fixing it?
Biggest joker
  • #28,523
  • Mar 9, 2011 11:51am Mar 9, 2011 11:51am
Quoting Venice
LOL, i'm not sure why, but the first thing that came to my mind was the man-eating plant from Barber Shop of Horrors.
Pattern Audrey II
Use me as a contrarian indicator
  • #28,524
  • Mar 9, 2011 12:00pm Mar 9, 2011 12:00pm
It's triple intrest Wend.! The delight of all Aussie longs and the bain of trapped shorts. Went long again 3 lots @ 1.095. Have stop @ 1.098 to protect the intrest payout. Let's see if the low leverage yeild hungry crowd can give us a push up. Will close at 1.0120 if it hits before intrest payout. No reason to be greedy! Good trades to all!!

BTW-- I am not really a scalper, but that is all this pair has been offering lately.

Regards,
  • #28,525
  • Edited 1:22pm Mar 9, 2011 12:04pm | Edited 1:22pm
Quoting intery
WTF is this pattern? just open 1 min chart and

underground...

Attachment
I kinda looks like the "My Little Pony" pattern here: http://www.forexfactory.com/showpost...&postcount=440

It's a very rare pattern, but one of the most profitable for those who know how to trade it.

  • #28,526
  • Mar 9, 2011 2:12pm Mar 9, 2011 2:12pm
reckon after a jump at australian est 11:30 there is the big chance to go short
  • #28,527
  • Mar 9, 2011 2:14pm Mar 9, 2011 2:14pm
Current game plan:

Buy on dips
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd daily 1.gif Size: 18 KB


Eat all the stop loss orders and run
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd daily.gif Size: 19 KB


This game is all about patience and you will be rewarded.

Cheers
  • #28,528
  • Mar 9, 2011 2:43pm Mar 9, 2011 2:43pm
Quoting ely
Dollar parity days are numbered
March 09, 2011

SOARING oil prices threaten to end the Aussie dollar's dream run and send it tumbling below parity with the US greenback.
The local currency is trading about $US1.01 after hitting parity in October.
But spooked traders are worried that the two reasons behind the dollar's stellar run -- Australia's comparatively high interest rates and the nation's strong commodities trade with China -- may be on the wane.

If the recent high oil prices are sustained, central banks throughout the world will be forced...
Hi Ely,do you mind me asking how long you intend
to hold this short time wise and also do you know
how much its going to cost you in swaps?
Thanks.
You can remain irrational longer than you can remain solvent.
  • #28,529
  • Mar 9, 2011 3:54pm Mar 9, 2011 3:54pm
Quoting baron193
Wow your english is quite something, i mean you know, er, ummm, yeah IT IS GOOD man, thank you for taking the time...
And you already had a go at fixing it?
Ha, Ha, yeah I know, I speak English and type tinglish, that be thai and English toghether last night I was on a beer and scalping binge, now I'm a trapped short, however had engough sense to also throw in a long so, we will now see where the news will take us...hedging to cover my mistakes, man trading is fun.....
Never been vouched
  • #28,530
  • Mar 9, 2011 4:32pm Mar 9, 2011 4:32pm
lololol, more bad news for the Aussie, and people just keep buying it up. So funny. Tried to close my short at 1.00648 and got requoted 5 times in a row. What a bunch of bastads. Would have been a nice 30 pips... oh well, on to the next one.
  • #28,531
  • Mar 9, 2011 4:37pm Mar 9, 2011 4:37pm
That's why most people say that FOREX = GAMBLING..

With -10K number, the AUD should go down like mad, but it goes up... who can really understand this?

Pretty crazy if you ask me.
The Black Swan: The Impact of the Highly Improbable
  • #28,532
  • Mar 9, 2011 4:39pm Mar 9, 2011 4:39pm
Quoting Venice
lololol, more bad news for the Aussie, and people just keep buying it up. So funny. Tried to close my short at 1.00648 and got requoted 5 times in a row. What a bunch of bastads. Would have been a nice 30 pips... oh well, on to the next one.
Don't worry, keep it till it drops to atleast 0.9000.
Aussie$ is knacked and is showing clear signs of stop hunting movement...before the price correction thats awaiting this over-valued pair.
  • #28,533
  • Mar 9, 2011 4:41pm Mar 9, 2011 4:41pm
Quoting ely
Don't worry, keep it till it drops to atleast 0.9000.
Aussie$ is knacked and is showing clear signs of stop hunting movement...before the price correction thats awaiting this over-valued pair.
Naw, I'm a scalper on the Aussie, or long's only for long term. Already closed for +5 when my broker finally decided to give it to me. Don't want anything to do with that interest rate. With every trade we run the risk of giving the markets more money, i'll be damned if I"m going to give it to them freely over daily swap.
  • #28,534
  • Mar 9, 2011 4:44pm Mar 9, 2011 4:44pm
Quoting Venice
lololol, more bad news for the Aussie, and people just keep buying it up. So funny. Tried to close my short at 1.00648 and got requoted 5 times in a row. What a bunch of bastads. Would have been a nice 30 pips... oh well, on to the next one.
same problem with my broker. when instruments move rapidly there is no possibility that i won't get requotes till it calms down. you could have closed it by now if you had a TP on the price you sold it though. on the other hand, i don't think so that they buy it because of the bad or good news. it looks more like a habit(?). furthermore, sharks know the news before they release.... we are nothing. we can't move the market a single pip. ok, a few pips, if we try, maybe.
  • #28,535
  • Mar 9, 2011 4:45pm Mar 9, 2011 4:45pm
Good op to add to shorts at least, sanity will prevail soon enough, I'm with you ely
  • #28,536
  • Mar 9, 2011 4:45pm Mar 9, 2011 4:45pm
Quoting jezek5
Hi Ely,do you mind me asking how long you intend
to hold this short time wise and also do you know
how much its going to cost you in swaps?
Thanks.
Hi yeah i don't mind

Overnight charges are £1.80 per 1 position. I have been in & out of this pair with easy money, and has more then covered any swaps on my positional play till the next several months!!

Holding wise, no one can predict the time it takes to hit your target. But technically it shouldn't be far off between mid April to end July...we'll see.

Safe trading
  • #28,537
  • Mar 9, 2011 4:47pm Mar 9, 2011 4:47pm
Quoting papaki
same problem with my broker. when instruments move rapidly there is no possibility that i won't get requotes till it calms down. you could have closed it by now if you had a TP on the price you sold it though. on the other hand, i don't think so that they buy it because of the bad or good news. it looks more like a habit(?). furthermore, sharks know the news before they release.... we are nothing. we can't move the market a single pip. ok, a few pips, if we try, maybe.
Yup, that was a solid bounce off of the S1... wild. Whoever just loaded the boat south is probably a bit annoyed.
  • #28,538
  • Mar 9, 2011 4:50pm Mar 9, 2011 4:50pm
sorry reckon the down trend is already confirmed. some agriculture goru is starting to reducing their position now.
need to confirm on china data later on.
  • #28,539
  • Mar 9, 2011 4:51pm Mar 9, 2011 4:51pm
Quoting Gar
Good op to add to shorts at least, sanity will prevail soon enough, I'm with you ely
Wait till Europe wakes up and see's the news!
There's already been noises re this pair's bubbled valuation...Can't keep afloat on hot air alone!!
Target remains 0.8900
  • #28,540
  • Mar 9, 2011 4:52pm Mar 9, 2011 4:52pm
Quoting ely
Wait till Europe wakes up and see's the news!
There's already been noises re this pair's bubbled valuation...Can't keep afloat on hot air alone!!
Target remains 0.8900
They are going to have to do something about that interest rate first. To much opportunity to make money just holding.
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