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AUD/USD

  • #34,981
  • Oct 27, 2011 3:43am Oct 27, 2011 3:43am
Quoting Rom-pom-pom
I took a short but it's against a heavy buying momentum. Risky trade.


very good call!
  • #34,982
  • Edited 4:12am Oct 27, 2011 3:45am | Edited 4:12am
Quoting Rom-pom-pom
i hope it gets to 1.05
you'll be a hero if you could pull that off in todays market. out of curiosity did you set a short SL or give yourself some room ?

on a side note ive taken a short scalp on the euro, hoping it can get down to 1.397!

edit: just closed that trade for -2 pips. entered too late, wasnt good risk/return
  • #34,983
  • Oct 27, 2011 3:57am Oct 27, 2011 3:57am
Quoting BurgerKing
remember that cnbc "expert" calling to short AU @ 1.0475?
his price is in the air.

any takers?
for anyone that had no idea what me and burger were talking about in regards to this 'expert' trade:

http://www.cnbc.com/id/45051104

that page explains the trade with the clip i saw when i originally posted
  • #34,984
  • Oct 27, 2011 4:19am Oct 27, 2011 4:19am
Quoting taxe91
you'll be a hero if you could pull that off in todays market. out of curiosity did you set a short SL or give yourself some room ?

on a side note ive taken a short scalp on the euro, hoping it can get down to 1.397!

edit: just closed that trade for -2 pips. entered too late, wasnt good risk/return
i never put a fixed SL on the order. i don't want to feed the brokers. i use a mental stop loss.
  • #34,985
  • Oct 27, 2011 4:26am Oct 27, 2011 4:26am
Quoting Rom-pom-pom
i never put a fixed SL on the order. i don't want to feed the brokers. i use a mental stop loss.
I see you were lucky enough to discover this basic rule pretty soon, in your trader's career. It took me a lot of time (and cost a lot of money) before I started to apply the rule to all my trades.
  • #34,986
  • Oct 27, 2011 4:28am Oct 27, 2011 4:28am
wonder if its got another retest of 1.06 in mind before starting its descent
  • #34,987
  • Oct 27, 2011 4:29am Oct 27, 2011 4:29am
Quoting JanPoko
I see you were lucky enough to discover this basic rule pretty soon, in your trader's career. It took me a lot of time time (and cost a lot of money) before I started to apply the rule permanently.
Trust me. It took me quite some time to remove that habit - 4 years of equities were needed. Now I'm starting with FX again.
  • #34,988
  • Oct 27, 2011 4:53am Oct 27, 2011 4:53am
Quoting Rom-pom-pom
Trust me. It took me quite some time to remove that habit - 4 years of equities were needed. Now I'm starting with FX again.
That explains a lot. I wrongly based my conclusions on your FF access date...
  • #34,989
  • Oct 27, 2011 4:59am Oct 27, 2011 4:59am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
short @ 602
  • #34,990
  • Oct 27, 2011 5:04am Oct 27, 2011 5:04am
this aussie is mad....with dow at 12000 cant see it going higher but anything is possible
  • #34,991
  • Oct 27, 2011 5:08am Oct 27, 2011 5:08am
next resistance zone is 0630 i believe unless we get turned away before we get there.

gotta admit despite my preference for looking for 100+ pip trades, im discovering a new side of me scalping this pair today
  • #34,992
  • Oct 27, 2011 5:10am Oct 27, 2011 5:10am
I'm targeting 620 with my long before closing it.
Anything can happen.
  • #34,993
  • Oct 27, 2011 5:13am Oct 27, 2011 5:13am
shorted AUD @1.0514 with no sl.

now my loss is over 100 pips. my risk management isn't good....at all
  • #34,994
  • Oct 27, 2011 5:46am Oct 27, 2011 5:46am
im confused... long short, ahh.. headahe
  • #34,995
  • Oct 27, 2011 5:49am Oct 27, 2011 5:49am
Quoting ragnakore
im confused... long short, ahh.. headahe
no shorts today bro..not unless we get a us gdp figure of <1%

then all the bulls will be --->
  • #34,996
  • Oct 27, 2011 5:58am Oct 27, 2011 5:58am
Quoting taxe91
no shorts today bro..not unless we get a us gdp figure of <1%

then all the bulls will be --->
Resistance at 1.0635.....see if we can break it.

I havent seen the aussie make almost 2.5% in one day in a while
  • #34,997
  • Oct 27, 2011 5:59am Oct 27, 2011 5:59am
sell aud usd all now
  • #34,998
  • Oct 27, 2011 6:05am Oct 27, 2011 6:05am
cant believe im seeing this.. so much euphoria over europe when noone knows where the money is coming from?
  • #34,999
  • Oct 27, 2011 6:05am Oct 27, 2011 6:05am
Quoting AlbertR
sell aud usd all now
why is that?

I do feel this run is overdone.....LOL.
  • #35,000
  • Oct 27, 2011 6:07am Oct 27, 2011 6:07am
I really wish I knew why AUD has gained over 2% today.
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