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AUD/USD

  • #43,421
  • Apr 27, 2012 4:24am Apr 27, 2012 4:24am
I don't understand such furious bull drive from 37 to 42 in 4hrs.
I can't find relevant news.
Any ideas guys?
In trading, you have to be defensive and aggressive at the same time
  • #43,422
  • Apr 27, 2012 4:41am Apr 27, 2012 4:41am
Tweezer top at the end of a rising wedge in M30 and it breaks down the wedge, then keeps climbing?

That's why I can't trust candle patterns on the Aussie.

This was my chart anyway (first taken at the last candle open, corrected now). Still 15 minutes to go...
Attached Image (click to enlarge)
Click to Enlarge Name: wedge.gif Size: 17 KB
  • #43,423
  • Apr 27, 2012 4:49am Apr 27, 2012 4:49am
looks like we will see 1.0450-70 today
  • #43,424
  • Apr 27, 2012 4:50am Apr 27, 2012 4:50am
Hi all,

here is my chart...
Attached Image (click to enlarge)
Click to Enlarge Name: aud-usd-h1.jpg Size: 213 KB
  • #43,425
  • Apr 27, 2012 4:52am Apr 27, 2012 4:52am
some charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15.jpg Size: 160 KB
Click to Enlarge Name: 1h.jpg Size: 129 KB
Click to Enlarge Name: 4h.jpg Size: 116 KB
Click to Enlarge Name: d.jpg Size: 129 KB
  • #43,426
  • Apr 27, 2012 4:54am Apr 27, 2012 4:54am
Quoting Davit
I don't understand such furious bull drive from 37 to 42 in 4hrs.
I can't find relevant news.
Any ideas guys?
It just touched the H4 DTL. Will it break? Hmmm...
  • #43,427
  • Apr 27, 2012 5:21am Apr 27, 2012 5:21am
Quoting doblece
It just touched the H4 DTL. Will it break? Hmmm...

IMO, yes. Beware.
Use me as a contrarian indicator
  • #43,428
  • Apr 27, 2012 5:53am Apr 27, 2012 5:53am
Quoting Tradinglivin
Seems we are going to see bull run prior to next months Rate decision.

A channel breakout on Aud/usd
Beautiful follow through of the BULLISH momentum as shown in previous chart
This is Follow up chart
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD FOLLOW THROUGH.png Size: 22 KB
  • #43,429
  • Apr 27, 2012 11:30am Apr 27, 2012 11:30am
I hope everyone catch that ride up.
  • #43,430
  • Apr 27, 2012 11:54am Apr 27, 2012 11:54am
Quoting forexmy
I hope everyone catch that ride up.
I was on the wrong side.Inexperience cost me lot.
-180 pips
In trading, you have to be defensive and aggressive at the same time
  • #43,431
  • Apr 27, 2012 11:59am Apr 27, 2012 11:59am
Hi, guys!
I would like to share with you one book which I think one of the best about understanding of forex market.
"How the market makers extract millions of dollars a day & How to grab your share" by Martin Cole
Hope you will enjoy and find it very useful for you.

Currently we are in the phase of profit release by market makers.

Best trade to all!
  • #43,432
  • Apr 27, 2012 12:29pm Apr 27, 2012 12:29pm
Quoting Fys
Hi, guys!
I would like to share with you one book which I think one of the best about understanding of forex market.
"How the market makers extract millions of dollars a day & How to grab your share" by Martin Cole
Hope you will enjoy and find it very useful for you.

Currently we are in the phase of profit release by market makers.

Best trade to all!
thank you.I'll check it out.I am embarrassed of my losses.
In trading, you have to be defensive and aggressive at the same time
  • #43,433
  • Apr 27, 2012 3:29pm Apr 27, 2012 3:29pm
we had some luck with harmonic trading on AUDUSD this week ->
prognose was here:
http://harmonicstube.blogspot.com/20...usd-h1-h4.html

result here:
http://harmonicstube.blogspot.com/20...orked-out.html

what's next? i would vote for further move up. let's see.
  • #43,434
  • Apr 27, 2012 4:25pm Apr 27, 2012 4:25pm
Quoting Davit
thank you.I'll check it out.I am embarrassed of my losses.
dont be embaressed there would have been a few that would have been faked out, including me, yes i learnt not to go in on a cancel of a h&s an to give the pros an ear, just keep learning from your mistakes an learn to prevent it from happening again

^_^
  • #43,435
  • Apr 27, 2012 4:40pm Apr 27, 2012 4:40pm
hehe my broker told me this would go to 450 a few days a go, but i thought to myself, this guy just wants me to buy so id lose my money, so i did the opposite an mind got confused with all that bs that brokers steal an trade against u lol
  • #43,436
  • Apr 27, 2012 5:41pm Apr 27, 2012 5:41pm
Quoting Noobicle
hehe my broker told me this would go to 450 a few days a go, but i thought to myself, this guy just wants me to buy so id lose my money, so i did the opposite an mind got confused with all that bs that brokers steal an trade against u lol
certainly don't blame ya. I was watching CNBC and some random dude from some random firm said to short the aussie at 0450 w/ a stop at 0600. Clearly, he must be right so I put in a short order at 0420 (involuntarily, completely forgot i had an order up there), 0450, 0460, and 0470. I do hope this is an end-of-day/wk/month profit-taking move as I can't really tell what the reason is for this big upside move otherr than QE addicts pushing it up. Also, I keep hearing about this "sell-in-may" for equities and considering AUD/S&P correlation, we may not be out of the bear-woods just yet. Those are my two cents. Please stay tuned for my bragging-rights if the AUD does go down or my absolute silence if it doesn't.
  • #43,437
  • Apr 27, 2012 6:09pm Apr 27, 2012 6:09pm
Quoting BergenGlobal
certainly don't blame ya. I was watching CNBC and some random dude from some random firm said to short the aussie at 0450 w/ a stop at 0600. Clearly, he must be right so I put in a short order at 0420 (involuntarily, completely forgot i had an order up there), 0450, 0460, and 0470. I do hope this is an end-of-day/wk/month profit-taking move as I can't really tell what the reason is for this big upside move otherr than QE addicts pushing it up. Also, I keep hearing about this "sell-in-may" for equities and considering AUD/S&P correlation, we...
Check out my blog for the analysis of AUDUSD ahead of next week's RBA rate decision
  • #43,438
  • Apr 28, 2012 12:42am Apr 28, 2012 12:42am
Trust your broker with 20% confidence if :

1) earns more commission when you trade regularly.

2) insists on you to make FREQuent trades.

3) gives you a general idea on how to trade , but doesn't specify any examples

4) tells you to trade without understanding your background knowledge

5) cannot explain each markets rough fluctuation ( how many pips does aud/usd fluctuate perday)

6) doesnt even teach you what the concept of 'margin call' ( fund strength before you get wiped) , or telling you to make trades where slight fluctuations will result in a margin call.
  • #43,439
  • Apr 28, 2012 12:49am Apr 28, 2012 12:49am
Quoting jayjb
Check out my blog for the analysis of AUDUSD ahead of next week's RBA rate decision
I highly doubt a 0.5% rate cut, although they should have cut month ago. The global economy is weakening now, but even if there is no rate cut next week- i dont find it likely for aud to rise to 1.05 level again.
  • #43,440
  • Edited 6:26am Apr 28, 2012 2:35am | Edited 6:26am
Quoting rnegoro
Trust your broker with 20% confidence if :

1) earns more commission when you trade regularly.

2) insists on you to make FREQuent trades.

3) gives you a general idea on how to trade , but doesn't specify any examples

4) tells you to trade without understanding your background knowledge

5) cannot explain each markets rough fluctuation ( how many pips does aud/usd fluctuate perday)

6) doesnt even teach you what the concept of 'margin call' ( fund strength before you get wiped) , or telling you to make trades where slight fluctuations will result...
Thats exactly what happened to me, i got given just enough information just so id think that they were actually the good guys, yet after trading with their platform i found out heaps of different hidden things (i was the noobie an easy pray for these guys). I wasnt informed of commision or swap, i wasnt told that u could earn swap, i was told 3 different times when swap came in. I asked the broker when the spreads will change back to normal as they usually widen in the weekends, an the broker tells me ''The market is open sir an ready to trade'' then i asked again, when do the spreads go back to normal, broker replys ''sir i am distracted i will do it soon'' (that was when i 1st realised these guys are not here for me, they are here for my money) an after that the hidden things just kept rolling in, i giggled to myself thinking, ''how much idiots do these guys get a day''? I wasnt told you could trade 0.01 lots and also not have commision on their mt4, as i was chewing up my money trading higher lots on their web-trader(typical newbies start in forex) but yeah sorry for the rant im just anoyed with people who take advantage of things, these guys make money an most of them know how to trade an make more money yet they want to be scum an con money out of people the sneaky guys, although they are good people behind there market faces, they are the wolf in sheeps clotheing to forex newbies. You must get your stuff locked-down about your broker an their platforms before you start risking your money with them. Hope this helps a fellow newbies searching for their right broker.

^_^
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