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AUD/USD

  • #34,681
  • Oct 20, 2011 12:37am Oct 20, 2011 12:37am
Quoting Chillypiper
Current situation is 'Risk off', so maybe more down for a bit and it's always better to cut your losses in most cases especially if you are unfamiliar with how to manage your way for this position.I'm not sayen you can not win with both. It's a hedge (kinda).. I too have short and long play here, just not in the same box.

Good luck with your outcome.
Thank you!!!!

It is really great to be in this. A good experience

Shall i book SHORT around 1.0130 and leave the LONG to recover???

Any possibility for LONG recovery during London session???
  • #34,682
  • Oct 20, 2011 12:45am Oct 20, 2011 12:45am
My Chart for Aussie Dollar.

we should avoid longs as per the strong rejection on daily trend line.

Happy Trading.
Attached Image (click to enlarge)
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  • #34,683
  • Oct 20, 2011 12:45am Oct 20, 2011 12:45am
No one knows for sure bro. How much is the experiance worth to you?

Good luck ! I can't tell you It's your coin.

Quoting FX Tsunami
Thank you!!!!

It is really great to be in this. A good experience

Shall i book SHORT around 1.0130 and leave the LONG to recover???

Any possibility for LONG recovery during London session???
  • #34,684
  • Oct 20, 2011 12:49am Oct 20, 2011 12:49am
Quoting FX Tsunami
Thank you!!!!

It is really great to be in this. A good experience

Shall i book SHORT around 1.0130 and leave the LONG to recover???

Any possibility for LONG recovery during London session???
Everything is possible in Forex , but at the moment the short side looks more promising ..... has break a major trend line on 1hr and it just bounce of the 200 sma and the 1.01478 level.... if it breaks 1.01170 then it has make a lower low and down trend takes place .... BUT NEVER KNOW WHAT THE BRITS ARE UP TO ..

Good luck
  • #34,685
  • Oct 20, 2011 1:04am Oct 20, 2011 1:04am
Difficult to predict these currencies

http://www.wise-gazette.com/top-news...modity-prices/
  • #34,686
  • Oct 20, 2011 1:14am Oct 20, 2011 1:14am
  •  bialy
  • | Joined Sep 2010 | Status: forex makes me alcoholic :) | 42 Posts
comments on the chart
sry, if we breake 1.0131-1.0115 zone
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_h1.jpg Size: 195 KB
  • #34,687
  • Oct 20, 2011 1:27am Oct 20, 2011 1:27am
Hi guys,

Seems like some of my posts are not being published.

I thank everyone who considered my request and also for their response. Hope i will be allowed to post this reply of thanking.

Happy trading all
  • #34,688
  • Edited 1:49am Oct 20, 2011 1:34am | Edited 1:49am
No entry levels for me just yet...
I was hoping AU to stall circa 1.0300 ~ 1.0200 for a few more days
to confirm bearish macd convergence... guess the boat wanna go sailin without me.

EDIT:
I just check charts, the support level for now is 1.0150~1.0130!!!
(The exact "to the pip" price isnt written in stone but written on the chart.)

If this breaks, its gonna be 0.9950
  • #34,689
  • Oct 20, 2011 1:41am Oct 20, 2011 1:41am
Quoting numb nuts
Check out the COTs and see what the Big Dogs are doing. This market is ready to take off. I'm looking for aud/usd to start a major up turn.
www.fxcotlounge.com Best of luck with all your trading.
You are reading COT the wrong way.

COT, like SSI, is a contrarian indicator. If more are on the BUY SIDE, huge chances is it will SINK instead.

This is true either for lame noob traders from FXCM (SSI) or big money traders (COT). It is not how they trade but rather WHY they trade. The big dog traders are like sheepdogs herding the little trader sheeps into a trap.
  • #34,690
  • Oct 20, 2011 1:51am Oct 20, 2011 1:51am
Quoting bialy
comments on the chart
sry, if we breake 1.0131-1.0115 zone

Agree with the double top formation, decline will accelerate if 1.012 area is breached. The market is yet to price in the interest rate cut so I see AUD/USD on parity again by year end
  • #34,691
  • Oct 20, 2011 2:05am Oct 20, 2011 2:05am
Quoting Chillypiper
No one knows for sure bro. How much is the experiance worth to you?

Good luck ! I can't tell you It's your coin.
i just closed my LONG with -30 pips hoping that this is a retracement for down trend.

Now let me hope AUD really weakens.
  • #34,692
  • Oct 20, 2011 2:50am Oct 20, 2011 2:50am
Bounce off 1.0150 support area.
And Rallying!

Something positive must have come out of Europe
  • #34,693
  • Oct 20, 2011 2:57am Oct 20, 2011 2:57am
Or just UK opening again?
  • #34,694
  • Oct 20, 2011 3:11am Oct 20, 2011 3:11am
hmm the last time aus bounced off support it went 220+ pips..thats a wee bit worrying
  • #34,695
  • Oct 20, 2011 3:31am Oct 20, 2011 3:31am
Sell Limit @1.0250 with SL 1.0315 (R1) and TP 1.0170 (S1)
  • #34,696
  • Oct 20, 2011 3:51am Oct 20, 2011 3:51am
Closed all positions. Really bad day.

-29 pips. Hope i would recover this tomorrow.

Now, i guess 1.0225 may start a down trend again. If broken above, 1.0265 may be next resistance. But only God knows what will happen!!!

Attached Image (click to enlarge)
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  • #34,697
  • Oct 20, 2011 3:56am Oct 20, 2011 3:56am
Holding my short positions... so far any short positions within the 1.0150 - 1.0300 range seems to be okay.... have been able to close them with at least minimal profit (i.e. 10 pips)

Have at least secured 550 pips this week, and hoping to secure another 100 before the end of the day.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #34,698
  • Oct 20, 2011 3:56am Oct 20, 2011 3:56am
Quoting BurgerKing
Sell Limit @1.0250 with SL 1.0315 (R1) and TP 1.0170 (S1)
good trade..especially if it manages to trigger before the downtrend continues. personally i think i may have jumped the gun and got in a bit early (shorted at 1.02 roughly 8 hours ago)
  • #34,699
  • Oct 20, 2011 3:58am Oct 20, 2011 3:58am
Price just ranging between 1.0150 & 1.0380 as Support/Resistance for few days..will just buy/sell near that level for now..Good Luck !!
  • #34,700
  • Oct 20, 2011 4:08am Oct 20, 2011 4:08am
http://www.fxstreet.com/news/forex-n...d-2b3fa47cae63

Not sure if this explained the move upwards earlier. Rumours that ECB is buying debt.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
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