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AUD/USD

  • #38,021
  • Dec 21, 2011 4:58am Dec 21, 2011 4:58am
Quoting shripsfx
we are going parabolic on the 1 hr charts and we know what happens to price after it does this.

If your long.....dont get too greedy


because it is a sudden selloff afterwards

...

dont know why it sold off.. it should be a big buy... hm must be the big sellers at 200
  • #38,022
  • Dec 21, 2011 5:02am Dec 21, 2011 5:02am
Quoting ragnakore
because it is a sudden selloff afterwards

...

dont know why it sold off.. it should be a big buy... hm must be the big sellers at 200
had daily 100ema /sma over there and euro got dumped a big time from 3195
  • #38,023
  • Dec 21, 2011 5:04am Dec 21, 2011 5:04am
It's soo nice being 60+ pips down to making a profit off the same trade!!! I was about to go to bed angry! Thank you market!
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #38,024
  • Dec 21, 2011 5:35am Dec 21, 2011 5:35am
Quoting harora
had daily 100ema /sma over there and euro got dumped a big time from 3195

market hasnt turned south yet... still look to go further north....

big order hit long near 1.0500 from oanda's order book
use the slider on the chart to see a big open long order going into open long positions
  • #38,025
  • Dec 21, 2011 5:53am Dec 21, 2011 5:53am
Those were some big sellers at 1.0200... wanted to get in (had a feeling that it was going to go down), but had to respect my money management ratio... already took a short slightly below 1.0200...

No biggie.. still made money off the move down.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #38,026
  • Dec 21, 2011 5:55am Dec 21, 2011 5:55am
So was 210 the peak? The 4H Gartley hit it's reversal point south?
  • #38,027
  • Dec 21, 2011 5:56am Dec 21, 2011 5:56am
do u guy think its some to go short now? it hit the 1.0200 level and i tihnk it will be going nearer to a support level of 1.0000 right? as i did not see the reason for the up trend i am assuming it will fall sharply back down?

please help, im noob who lost an INSANE amount of my account on the uptrend yesterday, i saw the forecast and there was nothing for aud, so i shorted itaccording to my charts and this happened.......
  • #38,028
  • Dec 21, 2011 6:24am Dec 21, 2011 6:24am
Quoting spardaa12
do u guy think its some to go short now? it hit the 1.0200 level and i tihnk it will be going nearer to a support level of 1.0000 right? as i did not see the reason for the up trend i am assuming it will fall sharply back down?

please help, im noob who lost an INSANE amount of my account on the uptrend yesterday, i saw the forecast and there was nothing for aud, so i shorted itaccording to my charts and this happened.......
it's a thin market , if your a newbie my advice stay away from market still next year . anything can happen
Mohan
  • #38,029
  • Dec 21, 2011 6:37am Dec 21, 2011 6:37am
The recently concluded LRTA was construed big positive for the market and RISK, thus the big spike once it was announced.

But like newstrading, it was more of "BUY THE RUMOR, SELL THE NEWS/FACT".. We had the rumor before hand, thus the rally, and then the selloff after the news announcement.

What I am bewildered why the selloff continued hours way after the news.

I did managed to take advantage of the selloff. but at a price. I placed a buy thinking, a nice retrace to get in. Then gave it some thought as TV commentators started saying, "hey wait, its bad because so many banks (500+) in trouble". I then hurriedly SOLD 5.0 standard lots on a small account! WTF. I was intending to sell 5 mini lots! I got the chills (over leveraged). I got out with just +9 pips and called it quits. I never had the chance to trade on my big accounts.

Lesson learn: WTF WHAT AM I DOING! ITS GETTING TOO HOT, AM GETTING OUT OF THE KITCHEN! GOING TO RELAX WATCH TV!
  • #38,030
  • Dec 21, 2011 6:50am Dec 21, 2011 6:50am
Quoting ragnakore
The recently concluded LRTA was construed big positive for the market and RISK, thus the big spike once it was announced.

But like newstrading, it was more of "BUY THE RUMOR, SELL THE NEWS/FACT".. We had the rumor before hand, thus the rally, and then the selloff after the news announcement.

What I am bewildered why the selloff continued hours way after the news.

I did managed to take advantage of the selloff. but at a price. I placed a buy thinking, a nice retrace to get in. Then gave it some thought as TV commentators started saying, "[i]hey...
Hahaha. I am sure many traders had that WTF moments when 1 lots became 10 lots.
  • #38,031
  • Dec 21, 2011 7:23am Dec 21, 2011 7:23am
Something to be bearish about:

Quote
$EURUSD: Post-LTRO declines continue with ABI weighing after saying that Italian banks will not be able to use the additional liquidity.
  • #38,032
  • Edited 10:22am Dec 21, 2011 8:20am | Edited 10:22am
that was a big drawdown.. this has been an intense day or two.
Any prices quoted are futures
  • #38,033
  • Dec 21, 2011 8:31am Dec 21, 2011 8:31am
Does anyone see 1.0050 area is where the recent down move stall's and AUD is headed backup.

or Do you guys see any other number
PPP - Patience Pays PIPS
  • #38,034
  • Dec 21, 2011 9:17am Dec 21, 2011 9:17am
Quoting rustyram
Does anyone see 1.0050 area is where the recent down move stall's and AUD is headed backup.

or Do you guys see any other number
There at 1.005. Why do you think it will stall (wherever) and go back to 1.05?
  • #38,035
  • Dec 21, 2011 9:36am Dec 21, 2011 9:36am
1H chart
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.gif Size: 31 KB
  • #38,036
  • Dec 21, 2011 9:46am Dec 21, 2011 9:46am
15M
Attached Image (click to enlarge)
Click to Enlarge Name: 15m.gif Size: 30 KB
  • #38,037
  • Dec 21, 2011 11:24am Dec 21, 2011 11:24am
Quoting rustyram
Does anyone see 1.0050 area is where the recent down move stall's and AUD is headed backup.

or Do you guys see any other number
I took long position at 1.0060

will get out at 1.0500

Is anyone holding any long positions in AUD ?
PPP - Patience Pays PIPS
  • #38,038
  • Dec 21, 2011 12:20pm Dec 21, 2011 12:20pm
Very thin market but still expecting it more up and for other pair also to short again to steadily down in a round bottom to more down with another try bull at last .watching 1.0108 + 1.0126 or more 1.0159 .not so steady up it should be as gu has veru difficuty in doing so and already done the spike up in the journey before & in that sense eu & au may spike limited .

all ladies now broken levels of concern to down more probable , needed this spike up to start down together today or tommorrow who knows !

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #38,039
  • Dec 21, 2011 12:29pm Dec 21, 2011 12:29pm
Quoting rustyram
I took long position at 1.0060

will get out at 1.0500

Is anyone holding any long positions in AUD ?
I'm in a short term long from that level, but only targeting 1.0140 or so. How are you seeing 1.05?
  • #38,040
  • Dec 21, 2011 2:43pm Dec 21, 2011 2:43pm
Quoting saculer
I'm in a short term long from that level, but only targeting 1.0140 or so. How are you seeing 1.05?
Recent uptrend low .9980 to a high 1.0218, fibs should take us to 1.0500

This should also give you more info.

http://www.dailyfx.com/forex/technic...s_aud-usd.html
PPP - Patience Pays PIPS
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