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AUD/USD

  • #36,421
  • Nov 27, 2011 4:02pm Nov 27, 2011 4:02pm
Quoting Petar_Serbia
Hello guys,
I took 2 buy setups on AUDUSD,see more >

http://www.youtube.com/watch?v=PGSXA9u3jck


Cheers
Petar
Hello guys,
I placed my Stop Loss at BreakEven,hope we can see both targets...

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #36,422
  • Nov 27, 2011 4:05pm Nov 27, 2011 4:05pm
Closed two longs from over the weekend. Quick 50 pips to start off the week.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #36,423
  • Nov 27, 2011 4:08pm Nov 27, 2011 4:08pm
If we are still below the 1 hr 200ema after Asia I might be looking to short.
Come with me if you want to live....
  • #36,424
  • Nov 27, 2011 4:09pm Nov 27, 2011 4:09pm
Quoting rafiqhidayat
Closed two longs from over the weekend. Quick 50 pips to start off the week.
Nice start, what was the gap up?
Come with me if you want to live....
  • #36,425
  • Nov 27, 2011 4:10pm Nov 27, 2011 4:10pm
So I drew the fib down on the daily... resistance is like 1.088 on the first fib line... the half back is right near 1.02....

The yellow line is the fib retrace.... the purple/magenta lines are the lines of resistance the pair held strongly last week... mainly that .968 line... the white line is the recent high since the breakout.... and the blue lines are all the potential resistance points... the pair would have to break through to go higher....

I still believe strongly that shes going down to possibly even .93.... def .95 - I COULD BE WRONG.... I just feel that current state of things that shes due for that.... the only reason I put in the reverse trade was because of the double bottom formed at the base of the fibo (.966ish) and the break of the the consolidation range marked by the magenta lines....

ITS STILL SUNDAY..... Meaning the entire world has yet to digest the barrage of "Euro Collapse news"....

However.... The EFSF... sured up some more $$$ for italian bail outs and traders are nuts for temporary kick the can down the road fundamentals lately.... ALSO - SNB hinted at Intervention... which for me is brilliant.... (What do I know).... Swiss want to give away all that cash they have to support their weaker dollar.... Europe needs that cash.... Someones going to have to use the bonds for kindling.... and well.... the swiss given their situation could create a win-win scenario by intervening....

Just my .02....

Also - traders get tired of straight multi-day streaks of red on the S&P heat map... and any excuse to get trading in the green - they have tended to gobble up - especially after a big gobble gobble holiday.... lol...

Soooooo.... lets stay tuned.... See if she breaks the white line.... and a few of those blues.... I like a new short in around 1.0050 if she doesnt break the 1.088 line... and maybe closer to 1.02 if she does.....

Then watch out because if your in the elevator.... the cable is going to snap....

Peace
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  • #36,426
  • Nov 27, 2011 4:11pm Nov 27, 2011 4:11pm
Quoting Ill-b-back
I guess the reason why I would never leave a counter trend trade on over the weekend is that I very rarely counter trend trade. I keep my trading as simple as possible, (trading with the trend 90% of the time), as I find it very profitable and logical. Granted, not every week has 31% returns like this one, but at least 1/2 of my trading weeks provide double digit returns, unless the market is flat, in which case I usually don't trade.
I also feel that over the past 2 weeks of being on this thread, I have been quite strong in voicing my opinions....
thanks... would you mind sharing the strategy and setup...
i have developed something and want to refine it .. still find it difficult to stick to trend....
thats really good.... it is rea
  • #36,427
  • Nov 27, 2011 4:12pm Nov 27, 2011 4:12pm
Quoting Ill-b-back
Nice start, what was the gap up?
about 110 pips going north
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #36,428
  • Nov 27, 2011 4:18pm Nov 27, 2011 4:18pm
Reason:
Quote
DETAILS ON HOW TO LEVERAGE EFSF READY

That made folks HOPEFUL. Hope springs eternal. And if the detail fails to impress, SELL SELL SELL.

I wont be shorting AUD, EUR for the moment till I get more info on the details. Too risky to jump the gun. We could see the reversal from hereonforward too. To Parity and Beyond? Maybe, Could be, we will see. And if that will be the next trend, I will be riding it up: Follow the Trend.
  • #36,429
  • Nov 27, 2011 4:28pm Nov 27, 2011 4:28pm
Quoting Teddicus
So I drew the fib down on the daily... resistance is like 1.088 on the first fib line... the half back is right near 1.02....

The yellow line is the fib retrace.... the purple/magenta lines are the lines of resistance the pair held strongly last week... mainly that .968 line... the white line is the recent high since the breakout.... and the blue lines are all the potential resistance points... the pair would have to break through to go higher....

I still believe strongly that shes going down to possibly even .93.... def .95 - I COULD BE WRONG.......
thanks for the sharing, i wish i can post graph too..i closed my triple long contract at the opening(230pips up great start for the week), waiting for adjustment down to about .977 and i will long another big one to .99..
  • #36,430
  • Nov 27, 2011 4:32pm Nov 27, 2011 4:32pm
Quoting rafiqhidayat
about 110 pips going north
That's a nice one, wish I was at my charts to analyse, working now ( or should be)
Come with me if you want to live....
  • #36,431
  • Nov 27, 2011 4:33pm Nov 27, 2011 4:33pm
Quoting ragnakore
Reason:


That made folks HOPEFUL. Hope springs eternal. And if the detail fails to impress, SELL SELL SELL.

I wont be shorting AUD, EUR for the moment till I get more info on the details. Too risky to jump the gun. We could see the reversal from hereonforward too. To Parity and Beyond? Maybe, Could be, we will see. And if that will be the next trend, I will be riding it up: Follow the Trend.
agree. just waiting on the sidelines for now.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #36,432
  • Nov 27, 2011 4:42pm Nov 27, 2011 4:42pm
Quoting harora
thanks... would you mind sharing the strategy and setup...
i have developed something and want to refine it .. still find it difficult to stick to trend....
thats really good.... it is rea
I will try to later as working now but loosely based on Dean Saunders and Mark Walton's forex mentor pro. They don't tell you all their tricks but when combined with higher timeframe analysis, see my previous charts and posts, I look for logical shorts and longs off the 55 and 200 emas going with the 4 hour trend. Cannot box the strategy and put it under the tree as a nice present unfortunately since it requires higher timeframe analysis including fibs, divergences, MACD etc. higher timeframes are gold since they show true market sentiment and keep me out of flash news spikes and rumours that can tempt me into buying/selling short term rallies/dips against the trend. I suspect that maybe the case today but not at charts so cannot comment. Must go and work for my salary.
Come with me if you want to live....
  • #36,433
  • Nov 27, 2011 4:58pm Nov 27, 2011 4:58pm
AUD/USD @ .9795

Well weekend news caught the shorts from friday on the hop. This is the risk you take when you are coming up to christmas and having a few turkeys having their say over europe's direction.

Today I see the sensitive side being the top as we found good support last thursday and friday.

Watch for a breakout of .9830 to see us heading back to online shoppers paradise "parity"

Good luck
  • #36,434
  • Nov 27, 2011 5:10pm Nov 27, 2011 5:10pm
Quoting lasty
AUD/USD @ .9795

Well weekend news caught the shorts from friday on the hop. This is the risk you take when you are coming up to christmas and having a few turkeys having their say over europe's direction.

Today I see the sensitive side being the top as we found good support last thursday and friday.

Watch for a breakout of .9830 to see us heading back to online shoppers paradise "parity"

Good luck
0.9830 huh? ok lets watch...

Quote
http://www.fxstreet.com/technical/fo...2011/11/25/02/
Australian dollar is trading around 0.9750 daily highs, gaining strength amid a recovery in stocks. However, and taking a look at bigger time frames, the movement remains just corrective, as per indicators still below their midlines, and a strong daily descendant trend line, currently at the 0.9830 price zone. Approaches to that level should be key as consolidation nearby should signal a probable break higher, targeting then the 0.9910 price zone, 61.8% retracement of the latest bullish run already broken.


Failure to break higher will only trigger more selling pressure, with 0.9660 as first support level to watch over the upcoming sessions.
  • #36,435
  • Nov 27, 2011 5:16pm Nov 27, 2011 5:16pm
Something from Reuters:
Quote
*DJ ICAP Testing Trades In Greek Drachma Against Dollar, Euro
  • #36,436
  • Nov 27, 2011 5:16pm Nov 27, 2011 5:16pm
Quoting lasty
AUD/USD @ .9795

Well weekend news caught the shorts from friday on the hop. This is the risk you take when you are coming up to christmas and having a few turkeys having their say over europe's direction.

Today I see the sensitive side being the top as we found good support last thursday and friday.

Watch for a breakout of .9830 to see us heading back to online shoppers paradise "parity"

Good luck
If anyone was crazy enough to leave open any shorts over the weekend without breaking support. Tough lesson for some I guess
Come with me if you want to live....
  • #36,437
  • Nov 27, 2011 5:17pm Nov 27, 2011 5:17pm
Quoting Ill-b-back
I will try to later as working now but loosely based on Dean Saunders and Mark Walton's forex mentor pro. They don't tell you all their tricks but when combined with higher timeframe analysis, see my previous charts and posts, I look for logical shorts and longs off the 55 and 200 emas going with the 4 hour trend. Cannot box the strategy and put it under the tree as a nice present unfortunately since it requires higher timeframe analysis including fibs, divergences, MACD etc. higher timeframes are gold since they show true market sentiment and keep...
sounds like similar to what i have on my chart ... i have 50 sma and 200 sma on H4 along with MACD on 5,13,1 to let me know about divergence as well as trade direction. will try 200/55 ema as you do.
I think i m going in right direction, might pull my account out of the dip.
  • #36,438
  • Nov 27, 2011 5:40pm Nov 27, 2011 5:40pm
140 or so pips...wow. is anyone buying?
  • #36,439
  • Nov 27, 2011 5:58pm Nov 27, 2011 5:58pm
Start of the week noise... Let it settle a bit..

Quoting Emanuel
140 or so pips...wow. is anyone buying?
IMF accidentally hit BUY AUDUSD worth E600B.. JK. read our posts
  • #36,440
  • Nov 27, 2011 5:59pm Nov 27, 2011 5:59pm
Quoting Emanuel
140 or so pips...wow. is anyone buying?
If in a bullish frame of mind, I would wait for a pullback at least. I'm still in a bearish frame of mind
Come with me if you want to live....
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