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AUD/USD

  • #33,781
  • Sep 26, 2011 6:22am Sep 26, 2011 6:22am
Quoting VennD
... rejected by 0.9827 , applied counter-measure ... short scalp @ 0.9823 ( +173 pips gain secured)...

my glass/spectacle broke ! ... brb ... ( going to make a new one ).
Hi VennD, is there any reason that you wouldn't have "applied counter-measure" on the way up. Such as at .9770 or .9730 when there were obvious rejection points during the trip? Or were you simply confidant that the PA would retrace to .98+

All the best.
  • #33,782
  • Sep 26, 2011 6:27am Sep 26, 2011 6:27am
Quoting VennD
... rejected by 0.9827 , applied counter-measure ... short scalp @ 0.9823 ( +173 pips gain secured)...

my glass/spectacle broke ! ... brb ... ( going to make a new one ).
Can you show your chart for euro aus please Vennd
  • #33,783
  • Sep 26, 2011 6:27am Sep 26, 2011 6:27am
Quoting taxe91
sorry man is it too small or something? or is the image just not showing up?

im thinking its being rejected by resistance as we speak

im short from 0.9814, with a relatively tight SL just in case we break resistance. im hoping we revisit 0.975
we're looking okay so far, slow and steady. TP1 at 1.071 and TP2 at 1.066

USD new home sales in due about 30 minutes, hopefully doesnt cause too much noise
  • #33,784
  • Edited 7:07am Sep 26, 2011 6:58am | Edited 7:07am
Quoting stoleo
Can you show your chart for euro aus please Vennd
Accidently sit on my glass ... got some spare ... Now OK ... Im ready to scalps some more ...

EUR/AUD you mean ? It's in post # 33775 . It looks dirty. Donno hw to clean them. My point is ... all those TLs in the chart represent where the real money positions are... substantial sum I mean.

If it's look sloppy .. 4get it ! dnt look at them. juz make yr own.
  • #33,785
  • Edited 7:26am Sep 26, 2011 7:18am | Edited 7:26am
Quoting DonL
Hi VennD, is there any reason that you wouldn't have "applied counter-measure" on the way up. Such as at .9770 or .9730 when there were obvious rejection points during the trip? Or were you simply confidant that the PA would retrace to .98+

All the best.
The rejections which you are refering to are peanuts to AU. The more dipper AU went down ... the more it attract potential buyers. Initially I projected it would be rejected at 0.9837 because I think those candles belong to sellers.

That's how I see things in the chart.

Besides that ... few minutes before the next data release the reaction will begins. That's US Home Sales was projected by consensus to favour USD. So I just apply those fundies against the techs. If both goes along ... that means .. ehem ehem , My job would be to find the best possible entry w/o using so much SL.
  • #33,786
  • Sep 26, 2011 7:19am Sep 26, 2011 7:19am
Quoting taxe91
we're looking okay so far, slow and steady. TP1 at 1.071 and TP2 at 1.066

USD new home sales in due about 30 minutes, hopefully doesnt cause too much noise
so home sales data didnt cause much problems and TP1 was hit. fingers crossed for TP2 now.

ive noticed that the trades i post in this thread turn out to be winning ones more often than not... you guys have become my lucky charms! :

i will definitely be posting my trades in here more often!
  • #33,787
  • Sep 26, 2011 7:50am Sep 26, 2011 7:50am
I think I hv given u earlier where are the buyers / sellers positions. We are now in the buyers compound. If sellers hs more money than buyers ... sellers can blow tht supports but ... if sellers money are as poor as me , 4get it ! PA will rise again until some more money come in to blow either the supports or resistances.

All these I called consolidation / trending . Better scalps up and down but u must be right in entries and exits , else .... ...
  • #33,788
  • Sep 26, 2011 8:08am Sep 26, 2011 8:08am
lost confidence waiting for my 2nd TP at 0.966 and closed my off my shorts at 0.972 instead. hopefully proves to be the correct decision
  • #33,789
  • Sep 26, 2011 8:25am Sep 26, 2011 8:25am
Quoting VennD
... rejected by 0.9827 , applied counter-measure ... short scalp @ 0.9823 ( +173 pips gain secured)...

my glass/spectacle broke ! ... brb ... ( going to make a new one ).
short 0.9823 closed @ 0.9687 , maintain long 0.9650 and short 1.0074
  • #33,790
  • Edited 9:09am Sep 26, 2011 8:36am | Edited 9:09am
Quoting VennD
The rejections which you are refering to are peanuts to AU. The more dipper AU went down ... the more it attract potential buyers. Initially I projected it would be rejected at 0.9837 because I think those candles belong to sellers.

That's how I see things in the chart.

Besides that ... few minutes before the next data release the reaction will begins. That's US Home Sales was projected by consensus to favour USD. So I just apply those fundies against the techs. If both goes along ... that means .. ehem ehem , My job would be to find the...
The real result is US Home Sales is favouring AUD and NOT USD, (US Home Sales DRRROP ) ... so ... load long scalp @.... let me see .... (sellers are nearby )...

US Home Sales (MoM) = -0.7% ---> -2.3%

Sellers / buyers are too near to each other. 16:00 GMT ..... ? I wait for Gold to react .... In the mean time .... holding 1 long and 1 short.
  • #33,791
  • Sep 26, 2011 8:43am Sep 26, 2011 8:43am
3 longs triggered overnight @ 9650 on the dip. 2 closed on the bounce @ 9800. Still holding 1 lot for a topside break, or will add more on a big dip.

Regards,
  • #33,792
  • Sep 26, 2011 9:07am Sep 26, 2011 9:07am
I don't get it. Equities having a nice recovery day.... AU buried in the red. Maybe one day I'll have this figured out. Not today!

Regards,
  • #33,793
  • Sep 26, 2011 9:20am Sep 26, 2011 9:20am
Quoting VennD
The real result is US Home Sales is favouring AUD and NOT USD, (US Home Sales DRRROP ) ... so ... load long scalp @.... let me see .... (sellers are nearby )...

US Home Sales (MoM) = -0.7% ---> -2.3%

Sellers / buyers are too near to each other. 16:00 GMT ..... ? I wait for Gold to react .... In the mean time .... holding 1 long and 1 short.

Hey VennD whats your take on gold at the moment.
  • #33,794
  • Sep 26, 2011 9:20am Sep 26, 2011 9:20am
Quoting taxe91
we're looking okay so far, slow and steady. TP1 at (1.071) and TP2 at (1.066)

USD new home sales in due about 30 minutes, hopefully doesnt cause too much noise
is't not typo ?
  • #33,795
  • Sep 26, 2011 9:33am Sep 26, 2011 9:33am
Quoting VennD
is't not typo ?
wow huge typo! i meant 0.971 and 0.966 of course. thanks venn
  • #33,796
  • Edited 10:21am Sep 26, 2011 9:37am | Edited 10:21am
Quoting stoleo
Hey VennD whats your take on gold at the moment.
I think ... I will stick to the guideline in post # 33721 (1h tf ) on Gold.

atm ... AU might be partly supported by Gold ... juz my notty mind ... else AU would have drop 500 ft deep .

my short scalp accidently went into AU @ 0.9734 ...btw. so many generous buyers down there ...imo
  • #33,797
  • Sep 26, 2011 9:45am Sep 26, 2011 9:45am
I'm feeling quite humbel today also Petra...She is back in the 9700/9850 channel again showing rejection below bud..Good luck!

Quoting FX-Petra
I don't get it. Equities having a nice recovery day.... AU buried in the red. Maybe one day I'll have this figured out. Not today!

Regards,
  • #33,798
  • Sep 26, 2011 10:45am Sep 26, 2011 10:45am
Quoting Chillypiper
I'm feeling quite humbel today also Petra...She is back in the 9700/9850 channel again showing rejection below bud..Good luck!
I be picking up some more longs from 9700 when it comes around. Good price i say.
  • #33,799
  • Sep 26, 2011 10:52am Sep 26, 2011 10:52am
Quoting stoleo
I be picking up some more longs from 9700 when it comes around. Good price i say.
I'm still long one lot @ 9650, and one lot @ 9700. Hope she can jam and break out of the top!

Regards,
  • #33,800
  • Sep 26, 2011 11:01am Sep 26, 2011 11:01am
I have a few longs and sticking to my plan 9700 is looking strong support atm..Good luck!
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