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  • #29,041
  • Mar 29, 2011 12:17am Mar 29, 2011 12:17am
Quoting ely
Thats because many genuine nobjockular traders..are exactly that, and i respect you for that

Did add shorts on at 1.0297 and 1.0254 to compliment their cousins at 1.02 and below, which i posted, as someone wanted to see proof!
Level 4 Audi target moved from 0.8900-0.9200..towards the best part of 0.9650. Got orders in to add at 1.0410, if some genuine one decides to help.
For the record, i have no worries on the "bubbling" effect on any given session per session basis...playing this solely on the daily chart.

Hope this helps
Sanks...
I salute your persistence and perserverence in selling the AUDUSD, hope your red positions will eventually turn green.
  • #29,042
  • Edited 1:58am Mar 29, 2011 1:44am | Edited 1:58am
Quoting skipismad
I salute your persistence and perserverence in selling the AUDUSD, hope your red positions will eventually turn green.

Thanks skipi ...just need the prayers of the good traders, who are here to see that each one of us is successful.
Those that are here to see to the contrary, generally are the ones to lose their Cajones first.
Good Luck
  • #29,043
  • Mar 29, 2011 1:51am Mar 29, 2011 1:51am
Quoting aarontdang
Support Level are so strong @ 1.0220/30 ....
I've been holding short positions for a while ...
Just closed my short positions for - 9 PIPS
That's hurt ... been holding for 3 days ...
Pay painful interest rates...
Now i'm going long ...
watch it dropped .... the market seem to do
the opposite of what i always did ....
I am terrible like that too...I hate losing any pips, too bad it is just part of the game.

Good trading.
  • #29,044
  • Mar 29, 2011 2:39am Mar 29, 2011 2:39am
Quoting drumdude
Short.

First chart is showing a long cycle complete (pending pivot candle)

Second chart is assuming this is a pivot candle where my short targets will be to start off. (stop at red highlight...tp green lines)

Good luck

Outside wave formation cleared lower stops and solidified an attempt to break the congestion .. I dont think I would short this with the rates I would look long only and wait.. Altho you guys probably have me marked as an aud/usd perma bull by now.. Id still be buying... but waiting for the right opportunity after this movement.
  • #29,045
  • Edited 3:21am Mar 29, 2011 2:48am | Edited 3:21am
Quoting ely
Thanks skipi ...just need the prayers of the good traders, who are here to see that each one of us is successful.
Those that are here to see to the contrary, generally are the ones to lose their Cajones first.
Good Luck
While I do admire your courage in adopting a sell-only strategy in this strong uptrend, your target of 0.965 seems a little far fetched in the near future IMHO.

I do not know what kind of timeframe you are looking at, if it took an earthquake, a tsunami, and a near nuclear crisis to bring AUDUSD from 1.015 to 0.97, i dread thinking what it will take to bring us down to 0.96x from the current level.
  • #29,046
  • Mar 29, 2011 4:34am Mar 29, 2011 4:34am
Quoting skipismad
While I do admire your courage in adopting a sell-only strategy in this strong uptrend, your target of 0.965 seems a little far fetched in the near future IMHO.

I do not know what kind of timeframe you are looking at, if it took an earthquake, a tsunami, and a near nuclear crisis to bring AUDUSD from 1.015 to 0.97, i dread thinking what it will take to bring us down to 0.96x from the current level.
Quite right skipi...its virtually disregarded news which would have seen it take a hammering on any other day!
Question remains, for how much longer?..nothing remains immune from reality, and when it starts to take a battering it will go down pdq.

That target is flexible...hence, if i get my 1.0410 short...that should see me happy circa 9800

Safe trading
  • #29,047
  • Mar 29, 2011 6:07am Mar 29, 2011 6:07am
Quoting ely
Quite right skipi...its virtually disregarded news which would have seen it take a hammering on any other day!
Question remains, for how much longer?..nothing remains immune from reality, and when it starts to take a battering it will go down pdq.

That target is flexible...hence, if i get my 1.0410 short...that should see me happy circa 9800

Safe trading
depends on whose reality your talking about....
  • #29,048
  • Mar 29, 2011 8:35am Mar 29, 2011 8:35am
Looking ready to lose its cojones...needed a top up circa 1.0260 after closing 2 earlier today for the pips

Hope the cojoning can wait
Sanks
  • #29,049
  • Mar 29, 2011 10:13am Mar 29, 2011 10:13am
Potential breakout with short term trend
Attached Image
  • #29,050
  • Mar 29, 2011 12:08pm Mar 29, 2011 12:08pm
Previous resistance zone, current support zone tested...
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #29,051
  • Mar 29, 2011 1:18pm Mar 29, 2011 1:18pm
Short again. Both Stops above swing high...will be tracking short.

Key to this is great R:R even if stopped I will lose a total of 30 pips....20 on this one and 10 on the initial trade.

Will post updated targets for the shorts soon.
Attached Image (click to enlarge)
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  • #29,052
  • Edited 2:01pm Mar 29, 2011 1:25pm | Edited 2:01pm
Short Targets.

Will be out when pivot candle happens on green TP level.
Attached Image (click to enlarge)
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  • #29,053
  • Edited 4:25pm Mar 29, 2011 3:05pm | Edited 4:25pm
Quoting drumdude
Short Targets.

Will be out when pivot candle happens on green TP level.
The hour just does not want to make a pivot candle. Ah such is life....I'll wait again


Edit: Finally it made a pivot...have adjusted targets accordingly. What a fun little run around it was giving me will be watching the fibs closely.
Attached Image (click to enlarge)
Click to Enlarge Name: au h1 target.gif Size: 21 KB
  • #29,054
  • Mar 30, 2011 1:24am Mar 30, 2011 1:24am
New highs for AUD almost every single day thanks to risk appetite, strong copper and most likely tons of beheaded bears.
  • #29,055
  • Mar 31, 2011 4:14am Mar 31, 2011 4:14am
Any Insight on recent AUDUSD movement?
  • #29,056
  • Mar 31, 2011 6:11am Mar 31, 2011 6:11am
Rayn>

BHP Billiton's $30 billion project...

And some publications :

Australia’s retail sales for February beat forecasts with a 0.5% m/m increase, and private sector credit was higher (suggesting the Ozzie consumer might be feeling a touch more confident about spending) but building approvals were shocking – down 7.4% m/m and 21.8% y/y. However, the market was willing to look through the building approvals and AUDUSD climbed to a new 29-year high, peaking just short of 1.0350 again as the spike faded.
  • #29,057
  • Mar 31, 2011 9:26am Mar 31, 2011 9:26am
Its probably going to test the upper trend line which is roughly 1.0380 ish.....then it will bounce down to 1.01 ish or something like that......but too hundred pips from here is a good bet... i would start putting sell orders in and around this price...with a stop at 1.04 and I think that is a pretty good risk/reward ratio. 20 pips for 250? thats worth it. The good thing about this play is it would be hard for the major banks to push it to 1.04 due to the fact that other major institutions will be looking to feed as quickly as possible. Good luck. But be careful with your stop loss....dont put your whole order at 1.04... try 1.0404 then 1.0410...then 1.0415 ect ect.....then put sell orders a few pips higher from your loss.. ONLY do this of your certain it will bounce off this trend line. I think it will so this will be my strategy.
Don't be fooled by randomness
  • #29,058
  • Mar 31, 2011 9:28am Mar 31, 2011 9:28am
Quoting frothy
Its probably going to test the upper trend line which is roughly 1.0380 ish.....then it will bounce down to 1.01 ish or something like that......but too hundred pips from here is a good bet... i would start putting sell orders in and around this price...with a stop at 1.04 and I think that is a pretty good risk/reward ratio. 20 pips for 250? thats worth it. The good thing about this play is it would be hard for the major banks to push it to 1.04 due to the fact that other major institutions will be looking to feed as quickly as possible. Good luck....
I close my short position and on the side line now....you view gives me a new insight....
  • #29,059
  • Mar 31, 2011 9:37am Mar 31, 2011 9:37am
also...look at aussie crosses....you dont "have to" play the aud/usd cross. GBP/AUD looks fresh and tempting...also eur/aud looks great too! If your broker gives you the same leverage for all pairs...i would be looking at these crosses instead...as you dont have to put up with the bernanke bullcrap with the aud/usd. Just my opinion.
Don't be fooled by randomness
  • #29,060
  • Mar 31, 2011 11:44am Mar 31, 2011 11:44am
I think i will start to enter some shorts here....not alot but just a little....start building a position. wish me luck!
Don't be fooled by randomness
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