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AUD/USD

  • #35,741
  • Nov 16, 2011 5:55am Nov 16, 2011 5:55am
Quoting Muhd Taufik
Hi taxe91, i agree. It has been a roller coaster ride today with both bulls and bear earning money but in the end it is the bear's territory. I have attached my chart and as you can see the pin bars are nicely rejected on certain levels for bears and bull to play. As I type this, the bears are in control. Anyway, my concerns are only the 8HR TF since I am at work typing this haha ...

Good luck to all and have a green week ahead
Looks like lower high and 1.0060 strong support to break.. Once broken, down parity and 0.9900
  • #35,742
  • Nov 16, 2011 5:58am Nov 16, 2011 5:58am
Quoting ragnakore
Now I don't know where to reenter short....
Where are you shorting?

My instinct tells me 1.014

BTW. 1500GMT, Portugal will release troika report will be balistic if bad report
I would only enter short above 1.015, apart from that, targeting mostly longs...
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #35,743
  • Nov 16, 2011 6:03am Nov 16, 2011 6:03am
Quoting ragnakore
Looks like lower high and 1.0060 strong support to break.. Once broken, down parity and 0.9900

  • #35,744
  • Nov 16, 2011 6:06am Nov 16, 2011 6:06am
Quoting rafiqhidayat
I would only enter short above 1.015, apart from that, targeting mostly longs...
I see, so ur done short at the moment and prefers long?

Hmmm thurs Fridays do favor longs in the last month... This is when government steps in tp save their ass
  • #35,745
  • Nov 16, 2011 6:23am Nov 16, 2011 6:23am
Quoting ragnakore
I see, so ur done short at the moment and prefers long?

Hmmm thurs Fridays do favor longs in the last month... This is when government steps in tp save their ass
If it goes above 1.015 or below parity, I will short. But it will be for 0.01 units. I will long for more than 0.01 units in the stage the pair is in right now.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #35,746
  • Nov 16, 2011 6:29am Nov 16, 2011 6:29am
Quoting ragnakore
Now I don't know where to reenter short....
Where are you shorting?

My instinct tells me 1.014

BTW. 1500GMT, Portugal will release troika report will be balistic if bad report

10 yr Italian bond is back above 7... Ecb can't keep buying indefinitely unless ecb prints money indefinitely too
hey, not exactly shorting just yet. i missed that original move from 1.04 to 1.0050 last week, and instead of trying to find a spot to jump in short ive just been scalping longs, as you wouldve seen from my posts. im too skeptical about the ability of this pair to drop down very far below parity so it wouldnt be good risk/return for me to short at these levels. if we miraculously crawl back up to 1.04 in the coming weeks then i'll start shorting again
  • #35,747
  • Nov 16, 2011 6:37am Nov 16, 2011 6:37am
Quoting taxe91
hey, not exactly shorting just yet. i missed that original move from 1.04 to 1.0050 last week, and instead of trying to find a spot to jump in short ive just been scalping longs, as you wouldve seen from my posts. im too skeptical about the ability of this pair to drop down very far below parity so it wouldnt be good risk/return for me to short at these levels. if we miraculously crawl back up to 1.04 in the coming weeks then i'll start shorting again
i was short @ 1.0325 2 weeks ago. wasnt able to cash out when it dropped to 1.02200 and it went back in the red...

i was pissed and hated myself . i have to take a leave...
  • #35,748
  • Nov 16, 2011 6:46am Nov 16, 2011 6:46am
does anyone know of a broker, website or whatever that shows bonds rates in real time?
  • #35,749
  • Nov 16, 2011 6:48am Nov 16, 2011 6:48am
Quoting ragnakore
i was short @ 1.0325 2 weeks ago. wasnt able to cash out when it dropped to 1.02200 and it went back in the red...

i was pissed and hated myself . i have to take a leave...
wow i actually got caught in that mess as well, heres my post from just before that 200 pip bounce:

Quoting taxe91
well im running 3 shorts so far from 0370, 0380 and 0270 respectively. it does look like we're getting a considerable bounce off support at the moment (50 pips and counting). if we manage to somehow crawl our way back to 0300 i will probably add another short, unless good news comes out of europe in which case all bets are off. i dont want to be caught in front of a bull freight train.
i did close 1 short at 0220 because there was a hint of bullish divergence on the charts, but i let the other 2 run, and unfortunately i did get caught head on by a bull freight train that night

have revamped my approach to TP's and SL's since that night
  • #35,750
  • Nov 16, 2011 6:52am Nov 16, 2011 6:52am
Quoting rafiqhidayat
If it goes above 1.015 or below parity, I will short. But it will be for 0.01 units. I will long for more than 0.01 units in the stage the pair is in right now.
open and closed a short .. grabbed 30 pips
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #35,751
  • Nov 16, 2011 6:59am Nov 16, 2011 6:59am
Quote
*ECB Constancio: Consider Establishing European Resolution Fund

now what? another fund to replace EFSF?
  • #35,752
  • Nov 16, 2011 7:08am Nov 16, 2011 7:08am
Quoting ragnakore
Looks like lower high and 1.0060 strong support to break.. Once broken, down parity and 0.9900
What you guys mean by Parity?

Just learning.
  • #35,753
  • Nov 16, 2011 7:10am Nov 16, 2011 7:10am
Quoting KCV
What you guys mean by Parity?

Just learning.
1.00
Parity with US dollar.
  • #35,754
  • Nov 16, 2011 7:12am Nov 16, 2011 7:12am
It's 1.00. When the Aussie and the USD are worth exactly the same.
  • #35,755
  • Nov 16, 2011 7:15am Nov 16, 2011 7:15am
Quoting Recluse
1.00
Parity with US dollar.
Oh got it....Ty so much.


KC.
  • #35,756
  • Nov 16, 2011 7:16am Nov 16, 2011 7:16am
Quoting GBReal
It's 1.00. When the Aussie and the USD are worth exactly the same.
Ty Ty...

  • #35,757
  • Nov 16, 2011 7:20am Nov 16, 2011 7:20am
Quoting KCV
Ty Ty...

Parity is a BIG psycho level. Crossing it demands strong push and it will push hard either crossing up or crossing down.
  • #35,758
  • Nov 16, 2011 7:37am Nov 16, 2011 7:37am
I'm fairly new to forex and have so far been trading based on fundamentals. But I've been told that technical is the way to go, and hence am now very confused...
  • #35,759
  • Nov 16, 2011 7:51am Nov 16, 2011 7:51am
Quoting KCV
What you guys mean by Parity?

Just learning.
If I didn't know what it was, I certainly would be asking here and outing myself - Internet = Information

http://en.wikipedia.org/wiki/Parity


So much for the vouch system guess being "experienced and wise" doesn't mean you know the basics these days.

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The Wisdom Vouching System (WVS) is used to estimate the trading experience of individual FF members. Members vouch for others they feel are experienced and wise traders, and the number of vouchers a member has can be determined by an icon on their posts and member profile. For example, a member with one voucher will display http://www.forexfactory.com/images/misc/1kt.gif, a member with two vouchers will display http://www.forexfactory.com/images/misc/2kt.gif, and so on up to eleven where they'll display http://www.forexfactory.com/images/misc/10+kt.gif.
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  • #35,760
  • Nov 16, 2011 8:19am Nov 16, 2011 8:19am
Possible Butterfly...

Will be watching it....
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