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AUD/USD

  • #34,361
  • Oct 12, 2011 3:42am Oct 12, 2011 3:42am
Something to do with Slovakia going to vote again for the EFSF package?
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #34,362
  • Oct 12, 2011 3:45am Oct 12, 2011 3:45am
Crazy, maybe the unemployment rate in Britain will sober it up a little. If not my next big resistance levels on a longer timer frame (all the short time frame stuff just got blown out the window) is around 10149. I'm not going to jump in front of this freight train, I already got run over once today and barely recovered !
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  • #34,363
  • Oct 12, 2011 4:06am Oct 12, 2011 4:06am
Quoting taxe91
just TP'd on long from 9920. have another long from 9930 that im still running, plan on letting this rally die out fully before closing
moved stop loss on 2nd long to 10030 to ensure 100 pips minimum. looking to TP a shade above 10100 if we can make it that far
  • #34,364
  • Edited 4:37am Oct 12, 2011 4:10am | Edited 4:37am
Nice trade, I'm envious !

I'll put a limit short up at 10140, it's a long term median from the rise over the last few week. Should be well repsected. Above that is another big line at 10172, which is from the fall a month back.

EDIT Im in Short at 32
  • #34,365
  • Oct 12, 2011 4:25am Oct 12, 2011 4:25am
Quoting webart
Nice trade, I'm envious !

I'll put a limit short up at 10140, it's a long term median from the rise over the last few week. Should be well repsected. Above that is another big line at 10172, which is from the fall a month back.
yeah 10140 might not be immediate resistance but im sure it will retrace back below 10100 by the end of the week so you should be in the green pips!

i will also look to make a short-term sell after i close my longs
  • #34,366
  • Oct 12, 2011 4:26am Oct 12, 2011 4:26am
Nah just a scalp trade, I won't be able to sleep at night with open positions in this market !
  • #34,367
  • Oct 12, 2011 4:32am Oct 12, 2011 4:32am
Quoting webart
Nah just a scalp trade, I won't be able to sleep at night with open positions in this market !
fair enough, its looking good so far at least. where are you looking to TP?

edit: i love keeping positions open overnight (i live in australia) so i sleep when the american markets are peaking. nothing better than waking up to abundance of green pips!
.....not as good waking up to see all your SL's got hit
  • #34,368
  • Oct 12, 2011 4:33am Oct 12, 2011 4:33am
Wish me luck !
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  • #34,369
  • Oct 12, 2011 4:37am Oct 12, 2011 4:37am
Surely I can have the 20 points from the breather atleast. But with the size of the candle, I'm only going B/E +10 on this thing.
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  • #34,370
  • Oct 12, 2011 4:42am Oct 12, 2011 4:42am
Quoting webart
Surely I can have the 20 points from the breather atleast. But with the size of the candle, I'm only going B/E +10 on this thing.
that looks a good trade mate i wouldve taken it too if i were in your shoes.

meanwhile i have to leave my computer for an hour or two..moved SL again to 1.0100, probably should have manually closed it by now but sometimes i dont mind being a little greedy.. heres hoping for another 200 pip move by the time i come back
  • #34,371
  • Oct 12, 2011 4:49am Oct 12, 2011 4:49am
Closed for 20 ... picking penny's infront of frieght train. Still don't know what the hell is going on to cause that stupid rise.
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  • #34,372
  • Oct 12, 2011 4:54am Oct 12, 2011 4:54am
Quoting taxe91
fair enough, its looking good so far at least. where are you looking to TP?

edit: i love keeping positions open overnight (i live in australia) so i sleep when the american markets are peaking. nothing better than waking up to abundance of green pips!
.....not as good waking up to see all your SL's got hit
ALso in Australia too mate ! I think you took some of my money earlier today in your long ... spend it wisely

Target was just risk reward ratio .. normally I would look for a line as a target but with the size of this thing I'm just happy to grab a few points for the day. Now I'm out it will probably fall another 50 points lol .. but so many times I have been green for 20 and seen it take from me.
  • #34,373
  • Oct 12, 2011 6:05am Oct 12, 2011 6:05am
Quoting webart
ALso in Australia too mate ! I think you took some of my money earlier today in your long ... spend it wisely

Target was just risk reward ratio .. normally I would look for a line as a target but with the size of this thing I'm just happy to grab a few points for the day. Now I'm out it will probably fall another 50 points lol .. but so many times I have been green for 20 and seen it take from me.
good to see you TP'd.

looks like its finally settled down now..hasnt moved for an hour and a half..dare i say im a little bored
  • #34,374
  • Oct 12, 2011 6:18am Oct 12, 2011 6:18am
Well if your bored you could click that Close button and then celebrate !
  • #34,375
  • Oct 12, 2011 6:36am Oct 12, 2011 6:36am
Quoting webart
Well if your bored you could click that Close button and then celebrate !
well wheres the fun in that

i got sick of moving my SL higher and higher so ive just stuck a 15 pip trailing stop on it at 1.0115.

i probably should just close it and go short again cos i believe we'll dip to 1.005 at least, but have burnt myself too often making too many trades in one day.

you think we'll dip again or see 1.02 instead?
  • #34,376
  • Edited 7:23am Oct 12, 2011 7:03am | Edited 7:23am
Nice to have the luxury of being tired of moving your stops up !

After a move like that I wouldn't know where it will go now. It certainly hasn't given much back after it completed its mission, so maybe it was more than hot air this time .. looking like a flag at this point .. the US market might knock it back down perhaps. There is some big resistance around 10183, before 102 ... even stronger than the 10140.

Some short term support around 10192 it could use for a continuation or a break lower.

Something devalued the USD big time. I wonder if there was a big rise on the S&P at the same time. Without knowing whats behind it, its hard to say if its just full of hot air.
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  • #34,377
  • Oct 12, 2011 7:32am Oct 12, 2011 7:32am
Quoting Yuchen
4h chart still bull but MACD divergent
put a sell limit at 1.000 with s/l 1.0040
go to sleep and will see what will happen when i wake tmr.

not good, s/l, lol... against trend looks not good
  • #34,378
  • Oct 12, 2011 7:36am Oct 12, 2011 7:36am
Looks like the US dollar came under pressure during European trading hours because of the hopes of a plan to recapitalize the Euro Banks. The official announcement is supposed to be done sometime in the Euro Afternoon.

Apparently there was a hour and a half outage at key currency dealing systems which also caused poor liquidity and added to downward pressure on the USD.
  • #34,379
  • Oct 12, 2011 7:39am Oct 12, 2011 7:39am
Yuchen, hope you had nice dreams ! Yes you got run over too, but how could have seen that coming !
  • #34,380
  • Oct 12, 2011 7:41am Oct 12, 2011 7:41am
Quoting DonL
Looks like the US dollar came under pressure during European trading hours because of the hopes of a plan to recapitalize the Euro Banks. The official announcement is supposed to be done sometime in the Euro Afternoon.

Apparently there was a hour and a half outage at key currency dealing systems which also caused poor liquidity and added to downward pressure on the USD.
If that is the case, then it must but overbought (atleast due to the outage), and the rest is more hot air hope.
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