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  • #31,381
  • Edited 10:00am Jul 26, 2011 9:13am | Edited 10:00am
Quoting audangel
I m keeping doing scalping... maybe when the US data release tonight, AUD will reach 1.1...

The gal said AUD will reach 960 is right
Scalp Short AU 1.0960 + NU @ 0.8732 ... gl !

1) US Home Sales (MoM) / -0.6% ---> -0.1%

2) US Consumer Confidence / 57.6 ---> 59.5

10-11 hrs from now AU and NZ data will be released .. consensus seems to be ok ..Could rise again..

.... my support @ 918 , long @ 1.0395 targeting 1.1012 on AU ..... while in NU ... long from 0.8152 will follow that bank's TP somewhere around 0.9200/50, might take days/weeks to reach it.
  • #31,382
  • Jul 26, 2011 9:20am Jul 26, 2011 9:20am
Quoting VennD
Scalp Short AU 1.0960 + NU @ 0.8732 ... gl !

1) US Home Sales (MoM) / -0.6% ---> -0.1%

2) US Consumer Confidence / 57.6 ---> 59.5

10-11 hrs from now AU and NZ data will be released .. consensus seems to be ok ..Could rise again..
crose figures ... still holding longs and shorts... just non of shorts r mking profit
  • #31,383
  • Edited 10:18am Jul 26, 2011 9:54am | Edited 10:18am
Quoting audangel
crose figures ... still holding longs and shorts... just non of shorts r mking profit
2 bad data from US , thou.

1) US Richmond Fed Manufacturing Index / +3.0 ---> -1.0 (negative).

2) US New Home Sales / 0.315M ---> 0.312M

Conclusion - 2 good data and 2 bad data from US ... will not hurt AU and NU much..
  • #31,384
  • Jul 26, 2011 10:01am Jul 26, 2011 10:01am
Quoting VennD
Scalp Short AU 1.0960 + NU @ 0.8732 ... gl !

1) US Home Sales (MoM) / -0.6% ---> -0.1%

2) US Consumer Confidence / 57.6 ---> 59.5

10-11 hrs from now AU and NZ data will be released .. consensus seems to be ok ..Could rise again..

.... my support @ 918 , long @ 1.0395 targeting 1.1012 on AU ..... while in NU ... long from 0.8152 will follow that crazy bank's TP somewhere around 0.9200/50, might take days/weeks to reach it.
Attached Image

My friend

Anyway what they say about the news buy the rumor sell the news or the other way around ?
  • #31,385
  • Jul 26, 2011 10:02am Jul 26, 2011 10:02am
Quoting VennD
2 bad data from US , thou.

1) US Richmond Fed Manufacturing Index / +3.0 ---> -1.0 (negative).

2) US New Home Sales / 0.315M ---> 0.312M

Conclusion - Will not hurt AU and NU much..
These days r very different from before, even US data is not good, but AUD still drop. Same as DJ...
  • #31,386
  • Jul 26, 2011 10:17am Jul 26, 2011 10:17am

My main discovery about trading in the last months is that risk/reward ratio should be
directly proportional to your investment horizon.That is, when you’re trading in very short time

frames, scalping for a few pips, then your risk/reward ratio should be low, even lower than 1. The concept behind this is that it makes no sense to hold a position too much time waitingfor a profit which is twice the stop loss: it won’t work as the market noise will probably hit our tight stop. On the other hand, when trading on higher time frames (i.e. daily) risk/reward ratios should be high, above 2 or more, as we have time enough to reach our target.

  • #31,387
  • Jul 26, 2011 10:51am Jul 26, 2011 10:51am
also realize that while trading on shorter time frames, you can leverage alittle more since you have tighter stops while you must reduce your lot sizes when you trade larger time frames because of wider stops.



Quoting mathtrader

[left]My main discovery about trading in the last months is that risk/reward ratio should be
directly [font=Helvetica][size=3]proportional to your investment horizon.[size=3][font=Helvetica]That...
Trade what you see, not what you think!
  • #31,388
  • Edited 1:24pm Jul 26, 2011 10:52am | Edited 1:24pm
Quoting pinkiaiii
My friend

Anyway what they say about the news buy the rumor sell the news or the other way around ?
Whatever ... is still ok .. as long as it can make money..
  • #31,389
  • Edited 11:14am Jul 26, 2011 10:57am | Edited 11:14am
Quoting audangel
These days r very different from before, even US data is not good, but AUD still drop. Same as DJ...
Drop .... base on what ? That guy defending 950 is already dead !

Next resistance 1.1012 .. imo, mam.

fyi ..... the name of the game is ... who has the most money ... wins the game.
  • #31,390
  • Jul 26, 2011 11:24am Jul 26, 2011 11:24am
.
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  • #31,391
  • Jul 26, 2011 11:29am Jul 26, 2011 11:29am
.
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  • #31,392
  • Jul 26, 2011 12:01pm Jul 26, 2011 12:01pm
Scalping shorts... most has been closed.

Long's objective 0.92ish
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  • #31,393
  • Jul 26, 2011 12:16pm Jul 26, 2011 12:16pm
Scalping shorts also .... Left one to secure the pips incase it falls ..

Long's objective 1.10ish .. probably 1.13ish if economy is good.
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  • #31,394
  • Edited 12:59pm Jul 26, 2011 12:37pm | Edited 12:59pm
AJ's objective is 90.00ish
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  • #31,395
  • Jul 26, 2011 12:51pm Jul 26, 2011 12:51pm
7 more hours
==========

New Zealand / Business Confidence / Previous 46.5 / Consensus - None / 20-40pips.

Aust CPI (QoQ) / Previous 1.6% / Consensus 0.7% / 20-40pips.
Aust CPI (YoY) / Previous 3.3% / Consensus 3.4% / 80-250pips.
  • #31,396
  • Jul 26, 2011 4:23pm Jul 26, 2011 4:23pm
Quoting VennD
AJ's objective is 90.00ish

If Noda pushes the button on intervention the AJ will Hit that 90 in the blink of an eye..
  • #31,397
  • Jul 26, 2011 5:52pm Jul 26, 2011 5:52pm
AUD @1.0950 CPI day and its another toss of the coin.
Remember though AUD has disregarded bad fundamentals for the past few months.
Im not saying a poor number will not result in a sell off but it seems demand is evident.
There are a few who are suggesting that AUD is becoming a safe haven currency rather than a purely commodity currency.
Now some may giggle but its starting to look that way. OMG who would have thought - but with Australian regulations solid it deserves that hallmark.

1.10 will be no doubt the target and there will be plenty of stops above previous high.
Some are now calling for 1.15 if 1.10 convincingly taken out.
With US on the ropes and markets on edge it brings about an exciting day ahead.

Enjoy
  • #31,398
  • Jul 26, 2011 5:55pm Jul 26, 2011 5:55pm
$A nearing record high on US debt crisis
Don't get mad, get even!
  • #31,399
  • Jul 26, 2011 6:24pm Jul 26, 2011 6:24pm
Quoting stulic
$A nearing record high on US debt crisis
Yeah cant say im game to be shorting just yet. 1.1 is a stones throw away and 974 previous 2nd fib target after 936 got hit. Bullish wicks on last 4 H1 candles hardly giving any more reason to short right now either! Could be a long scalp, or who knows how high she may go.

Im not a fundies trader so all the shit going down now is making me (and everyone else!) very edgy and cautious... But yes Lasty, could be an interesting day!
  • #31,400
  • Jul 26, 2011 6:36pm Jul 26, 2011 6:36pm
Vennd can i ask which mt4 broker you use to get USD INDEX???
Thanks
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