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AUD/USD

  • #37,521
  • Dec 12, 2011 7:15am Dec 12, 2011 7:15am
Took a fast +10 pip from a short position after the 15M candle breaching 1.0100. Now I gotta go sleep. See you tomorrow fellas
The tone of your words reflects the quality and result of your trading ;-)
  • #37,522
  • Dec 12, 2011 7:36am Dec 12, 2011 7:36am
may not stop 1.0048 confirmation, may be below parity 0.9941 but still take care at this level for some bounce if . anyway doing it & also as signal for other usd pair , eu ,gu .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #37,523
  • Dec 12, 2011 7:58am Dec 12, 2011 7:58am
Quoting ragnakore
last friday's SSI was -1.5. today it is smaller at -1.2
less people in the short side or more people going long than last friday.
Yes, longs are now getting stronger and I'm on the side for the moment.

As of lunch time GMT today, shorts were still stronger but as you say are weakening.
I take the FXCM data and create my own graphs/charts to judge bias over the short, medium and longer term to see how strong the overall bias is, or if it's just a knee jerk reaction.

54% were short a couple of hours ago so it will be interesting to see if longs have now carried on building, which then I will be looking for short opportunities based on supply and demand zones.
  • #37,524
  • Dec 12, 2011 8:09am Dec 12, 2011 8:09am
Quoting fosking
Yes, longs are now getting stronger and I'm on the side for the moment.

As of lunch time GMT today, shorts were still stronger but as you say are weakening.
I take the FXCM data and create my own graphs/charts to judge bias over the short, medium and longer term to see how strong the overall bias is, or if it's just a knee jerk reaction.

54% were short a couple of hours ago so it will be interesting to see if longs have now carried on building, which then I will be looking for short opportunities based on supply and demand zones.
Seems you are trading FXCM SSI very religiously!
I am new to it. Still trying to understand how to apply.
From what I was told by a friend, to use it as general direction for the day (till it is updated) and use technicals for entry. For today, after the update of the data showing BUY bias, I believe it suggest to BUY near supports.. Am I correct on this?
  • #37,525
  • Dec 12, 2011 8:32am Dec 12, 2011 8:32am
Quoting ragnakore
Seems you are trading FXCM SSI very religiously!
I am new to it. Still trying to understand how to apply.
From what I was told by a friend, to use it as general direction for the day (till it is updated) and use technicals for entry. For today, after the update of the data showing BUY bias, I believe it suggest to BUY near supports.. Am I correct on this?
There is no doubt that the retail traders are wrong the majority of the time and if they are right like today, I'm very skeptical they can keep it up.
Of course retail traders will be on the correct side of a pull back or retracement, but very rarely on the correct side of the overall move.
If shorts continue to build now (most likely betting on USD strength) it may be an indicator to start buying again as the correction on the H1 chart below is nearly complete.

AU H1
Attached Image (click to enlarge)
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  • #37,526
  • Dec 12, 2011 8:57am Dec 12, 2011 8:57am
I think I agree, my technicals are indicating a strong resistance or reversal (especially on the H1 chart). I took my 50+ pips and ran, if it breaks below 048 then we'll know and I'll re-enter. Otherwise I'm back to the loonie
  • #37,527
  • Dec 12, 2011 8:59am Dec 12, 2011 8:59am
Quoting benjamf13
shorted at 1.0170, SL @ BE+5
currently +46, TP @ 1.0068
So sold 1/3 position at 1.0052, hopeful that the rest can mature at 1:1
SL @ BE+10

so far +57 in the green
  • #37,528
  • Dec 12, 2011 9:01am Dec 12, 2011 9:01am
Still holding last short (tp 1 and 2 hit) and locked in 100 and just made new low...What the hell, S&P still on the fall but reaching demand zone,EU at same, who knows with this wacked out market! GL!
Attached Image (click to enlarge)
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  • #37,529
  • Dec 12, 2011 9:12am Dec 12, 2011 9:12am
AUD isnt breaking lower as much as EUR is.
Hmmm.. 1.0050 area strong support?
  • #37,530
  • Dec 12, 2011 9:19am Dec 12, 2011 9:19am
Quoting ragnakore
AUD isnt breaking lower as much as EUR is.
Hmmm.. 1.0050 area strong support?
It's an important level.

AUD/USD H4
Attached Image (click to enlarge)
Click to Enlarge Name: au5.png Size: 89 KB
  • #37,531
  • Dec 12, 2011 9:20am Dec 12, 2011 9:20am
Quoting ragnakore
AUD isnt breaking lower as much as EUR is.
Hmmm.. 1.0050 area strong support?
Yeah, looks like it.

Sold the other 1/2 of that 2/3 position - just letting the one contract run now.... moved SL from BE+10 to BE+20 on a +53 position.

I can sleep now. haha
  • #37,532
  • Dec 12, 2011 9:26am Dec 12, 2011 9:26am
I'm looking at U/C attempting to reach 1.0300 (commodity pair) and S&P reaction after NY lunch....GL!

Quoting ragnakore
AUD isnt breaking lower as much as EUR is.
Hmmm.. 1.0050 area strong support?
  • #37,533
  • Dec 12, 2011 9:42am Dec 12, 2011 9:42am
Yes it is ..Man I see base of pole setups on gold au uc and nu (1hr and 4hr) right now....

Quoting fosking
It's an important level.

AUD/USD H4
Attachment
  • #37,534
  • Dec 12, 2011 9:52am Dec 12, 2011 9:52am
Quoting FX-Petra
Bought the dip @ 1.0090. Took 2 lots there. Moved stop to BE. Going to let these run a little. A shot of good news could send us right back over 1.0300. Good trades to all!

Regards
Stopped out @ BE on my 2 0090 lots. Oh well. Another long triggered @ 1.0060. Don't have a lot of confidence in it. Market feels like it wants to go lower. I will step out of the way if 1.0050 gives way and look for a retest of 9950 area. Year end is approaching and I don't want to get into a death match right now and give back a lot of my profits. I have been prone to that mistake in years past.

Regards,
  • #37,535
  • Dec 12, 2011 9:54am Dec 12, 2011 9:54am
Quoting fosking
It's an important level.

AUD/USD H4
Attachment
Agree on 1.0050 as important, as it relates to the near term.

Regards,
  • #37,536
  • Dec 12, 2011 10:50am Dec 12, 2011 10:50am
It looks like 0050 is going to hold until Sydney/Tokyo at least. I dont know that I can justify a bullish uptick. even then, I think I would just sell any correction capped under 0155-0160 while hanging onto my current shorts at 1.011
Any prices quoted are futures
  • #37,537
  • Edited 11:05am Dec 12, 2011 10:51am | Edited 11:05am
great possibilty of the bear here & all usd pair, working as analysed before & using it now as signal for others .eu doing nice & may continue breaking all supports , gu , as per it's spike up & down mode , back at last but ok & great possibilty there also .
with au signal coupled with uj bull also gold down but approached cretical 1653 level likr au now but still not that cretical than gold , should be here 0.9768 around & so expecting gold also break this level .
anyway great bear in may pairs for long time perhaps .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd.gif Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #37,538
  • Dec 12, 2011 11:00am Dec 12, 2011 11:00am
Weekly Evening star forming too, only Monday though..GL Fontu!

Also battle zone with last 4hr close @ 1.0027 and 1.0050 is though nut...

Quoting fontu
great possibilty of the bear here & all usd pair, working as analysed before & using it now as signal for others .eu doing nice & may continue breaking all supports , gu , as per it's spike up & down mode , back at last but ok & great possibilty there also .

fontu
  • #37,539
  • Dec 12, 2011 11:07am Dec 12, 2011 11:07am
S&P @ weekly mofo...
Attached Image (click to enlarge)
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  • #37,540
  • Dec 12, 2011 11:11am Dec 12, 2011 11:11am
Quoting Chillypiper
Weekly Evening star forming too, only Monday though..GL Fontu!

Also battle zone with last 4hr close @ 1.0027 and 1.0050 is though nut...
Thanks , not noticed it , only wave based before , great combination . Hope break 1.0048 next time .
continued shorts overnight also , will see next day . Wish good pips for all .At least good opportunity not not come too often . Great sky falling very well expected though lots of bull fear all around . will deal all at it's next confirmation level 0.9768 .
happy pipping to you all .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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