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Aud/usd system analysis

  • #4,401
  • Mar 22, 2011 4:09am Mar 22, 2011 4:09am
Quoting romio
u guys care about news ?

romio, that's the funny thing (at least something I have found funny). I've lost a decent amount of money trading fundamentals. Aside from staying aside on the BIG days (non-farm payroll), it. But, it's always technical, technical, technical. Even with news coming out, you use sound technical levels for a good entry...and (just as important) a good exit strategy.




Sniper, I'm up in the NZD/USd.


Dan
  • #4,402
  • Mar 22, 2011 4:15am Mar 22, 2011 4:15am
Quoting gonefishin
romio, that's the funny thing (at least something I have found funny). I've lost a decent amount of money trading fundamentals. Aside from staying aside on the BIG days (non-farm payroll), it. But, it's always technical, technical, technical. Even with news coming out, you use sound technical levels for a good entry...and (just as important) a good exit strategy.




Sniper, I'm up in the NZD/USd.


Dan
I got out at 7375 about 50 pips early..lol .. what are you looking for? 45? 11? Its looking to be up against some resistance at 28. got 2 candles to the left on the daily? Good luck.
  • #4,403
  • Mar 22, 2011 4:20am Mar 22, 2011 4:20am
22 pairs to pick from and I pick the one that moves back and forth 5 PiPs in 2 hrs?
  • #4,404
  • Mar 22, 2011 4:21am Mar 22, 2011 4:21am
EUR/JPY looks like it's trying to get going as well. But we face some pretty good previous resistance in the 115.45 to 115.65 area, dating from the recent previous spike back to other previous days.

Dan
  • #4,405
  • Mar 22, 2011 4:29am Mar 22, 2011 4:29am
Quoting forxsniper1
I got out at 7375 about 50 pips early..lol .. what are you looking for? 45? 11? Its looking to be up against some resistance at 28. got 2 candles to the left on the daily? Good luck.

I was aiming for .7417, but seeing as how I slept through my target...and it reached for .7432, I decided that I would like the numbers it passed enough to set my stop loss a little below take profit, it is still active. I'm looking at a few other pairs right now, so I haven't been able to give it a thorough looking at, but my new target looks to be .7461.

Dan
  • #4,406
  • Mar 22, 2011 4:31am Mar 22, 2011 4:31am
Quoting gonefishin
EUR/JPY looks like it's trying to get going as well. But we face some pretty good previous resistance in the 115.45 to 115.65 area, dating from the recent previous spike back to other previous days.

Dan
Yes if it can stay above 115.48 it may be able to do something... the gbp/chf has dropped 37 pips in 35 minutes. Now its back up in 1 minute ..wow.. my eur/usd is going the wrong way...breathing.. hope it dont break that trendline thats under it?
  • #4,407
  • Mar 22, 2011 4:39am Mar 22, 2011 4:39am
Not sure if the Eur/JPY is going to get in gear or not, I got in the GBP/JPY, at 53, for a nice little run. Man that thing moves quick!

Dan
  • #4,408
  • Mar 22, 2011 4:43am Mar 22, 2011 4:43am
Knocking on 72 could take out the 96 today if it gets through... Just sayin is all...
  • #4,409
  • Mar 22, 2011 4:49am Mar 22, 2011 4:49am
Quoting gonefishin
Not sure if the Eur/JPY is going to get in gear or not, I got in the GBP/JPY, at 53, for a nice little run. Man that thing moves quick!

Dan
Yes it does.. Im down 10 in Eur...Lessons lessons.. Maybe I jinxed it? Everything green except Eur..Im hoping for a bounce off the trend line? We will see... I have 161 fib at 96 on gbpjpy if this is correct... Dan you are doing well today..what TF are your entries from?
  • #4,410
  • Mar 22, 2011 4:54am Mar 22, 2011 4:54am
Quoting forxsniper1
Yes it does.. Im down 10 in Eur...Lessons lessons.. Maybe I jinxed it? Everything green except Eur..Im hoping for a bounce off the trend line? We will see... I have 161 fib at 96 on gbpjpy if this is correct... Dan you are doing well today..what TF are your entries from?
Actually that is not correct on those fibs as usual lol You appear to be clear to 134.24 and above I would think?
  • #4,411
  • Mar 22, 2011 5:04am Mar 22, 2011 5:04am
Quoting forxsniper1
Knocking on 72 could take out the 96 today if it gets through... Just sayin is all...

I've got my 27.2 as target (although that's a ways off too, so swing by swing). I'm just using the f levels for entry and exit, with emphasis put on previous S/R. That's pretty much where I get my entry, then how it breaks something and relaxes for the entry.

I missed the one re-entry but just got another one for a little more. Although I can be doing much better if I were a little quicker on my exits
  • #4,412
  • Mar 22, 2011 5:07am Mar 22, 2011 5:07am
Quoting forxsniper1
Actually that is not correct on those fibs as usual lol You appear to be clear to 134.24 and above I would think?
that's where I'm looking too. I'm currently not in a trade, I got knocked out, with profit, of both of my GBP/JPY entries. I missed this last re-entry for the decent run up, I'm just watching and being a student now...I've got to jump in the shower for work soon so no more trades for me this morning.



Look at the AUD/USD, playing by the rules both visually, and technically. Stay away though...stay away! hmmmmmm
  • #4,413
  • Mar 22, 2011 5:12am Mar 22, 2011 5:12am
Quoting gonefishin
that's where I'm looking too. I'm currently not in a trade, I got knocked out, with profit, of both of my GBP/JPY entries.
Cool ..Now if my Euro would just ralley back up? Scared me there as it blasted the trend line but as long as it continues this upward bias with this candle we will see. I feel certain Im ok in the long run as targets are in place upwards but the markets control the game for sure. Im not a big fan of this always going backwards first. I thought my entry was good though.
  • #4,414
  • Mar 22, 2011 5:13am Mar 22, 2011 5:13am
Quoting gonefishin
that's where I'm looking too. I'm currently not in a trade, I got knocked out, with profit, of both of my GBP/JPY entries.
Wish Id traded the pound as everything seems to be making profits there?
  • #4,415
  • Mar 22, 2011 5:18am Mar 22, 2011 5:18am
Quoting forxsniper1
Wish Id traded the pound as everything seems to be making profits there?


Yeah, that Eur is jammed up. 240 Cad/Jpy, CW.
  • #4,416
  • Mar 22, 2011 5:26am Mar 22, 2011 5:26am
Quoting gonefishin
Yeah, that Eur is jammed up. 240 Cad/Jpy, CW.
thinking above 83.50?
  • #4,417
  • Mar 22, 2011 5:32am Mar 22, 2011 5:32am
Quoting forxsniper1
thinking above 83.50?
looks to be.


Well, I've got 15 more minutes, that goes quick!
  • #4,418
  • Mar 22, 2011 5:37am Mar 22, 2011 5:37am
Quoting gonefishin
looks to be.


Well, I've got 15 more minutes, that goes quick!
I hear that ..Cad/Jpy actually has a bearish gartley setting up on the 1 hr so be careful here. It is looking good to the upside but Im usually wrong.
  • #4,419
  • Mar 22, 2011 5:55am Mar 22, 2011 5:55am
Good Morning...Time for a shower and Errands.. Have to take my babies to school soon. The GBP pairs are Long this am and Im out of my trades +5 on Eur/Usd +13 on gbp/chf over nite and +22 on Usd/Chf. I believe Dan has done well today.. He took my bucket..
  • #4,420
  • Mar 22, 2011 5:57am Mar 22, 2011 5:57am
GM, I took gbp/jpy long last nite, doing good
Quoting forxsniper1
Good Morning...Time for a shower and Errands.. Have to take my babies to school soon. The GBP pairs are Long this am and Im out of my trades +5 on Eur/Usd +13 on gbp/chf over nite and +22 on Usd/Chf. I believe Dan has done well today.. He took my bucket..
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