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  • #43,741
  • May 2, 2012 4:20am May 2, 2012 4:20am
Quoting Noobicle
yes i seen in euro thread before that they talk about manipulation an bad news euro good news euro bad news usd euro go up, but then u check eur/usd chart an it hit that daily trend an come back down again, have to wonder if fundamentals even matter

like if you diddnt know about any fundamentals an diddnt watch the news or anything, you could guess there would be a bad euro report at that daily trend maybe? something like that

like some crystal ball type trading hehe
Look back for the last few weeks at this theory.

Aud/usd eur/usd gbp/usd

Watch when news came out that affected one of those currencies

Particularly aud/usd eur/usd

Look at which currency the news was about and watch the other currencies.

Then after the first 5 minute candle expect the "other" currency has moved incorrectly. They generally go pretty much back to where they were.

There are good pips to be had during these reactions and retractions.
  • #43,742
  • May 2, 2012 4:32am May 2, 2012 4:32am
i would love a crystal ball it would be marvelous.

The news releases are just sending this thing back and forth between the current range! if i played this thing from top to bottom each time i would of made alot more money than scalping her in between.
  • #43,743
  • May 2, 2012 4:36am May 2, 2012 4:36am
Quoting MitchL
Look back for the last few weeks at this theory.

Aud/usd eur/usd gbp/usd

Watch when news came out that affected one of those currencies

Particularly aud/usd eur/usd

Look at which currency the news was about and watch the other currencies.

Then after the first 5 minute candle expect the "other" currency has moved incorrectly. They generally go pretty much back to where they were.

There are good pips to be had during these reactions and retractions.
yeah thats different, think you might be thinking of how pairs accomodate eachother, just saying if you have alot of tech signals pointing to down or up, u know shes gonna pop an something is bout to go down, u check the calender an see a major event coming up for that single pair, what do you do?

or u check after it pops an u see that event, i duno think im just rambling
  • #43,744
  • May 2, 2012 4:59am May 2, 2012 4:59am
Quoting Noobicle
yeah thats different, think you might be thinking of how pairs accomodate eachother, just saying if you have alot of tech signals pointing to down or up, u know shes gonna pop an something is bout to go down, u check the calender an see a major event coming up for that single pair, what do you do?

or u check after it pops an u see that event, i duno think im just rambling
No I am talking about when a pairs own news moves it .. the closest correlating pair ie. AUS.USD and EUR/USD makes exactly the same move.

Look at the AUD with the EUR new just recently BUT ... BUT .... BUT

The pair that moves cause it corresponds with the pair the news came out for .. has quite consistantly moved back to where it was quite quickly
  • #43,745
  • May 2, 2012 5:16am May 2, 2012 5:16am
Quoting fx-rocket
In short @ 1.0336, sl 1.0376, Tp open
Stop moved to BE, something fishy going on with AUD, ... Hmmm
Expect the unexpected.
  • #43,746
  • May 2, 2012 5:24am May 2, 2012 5:24am
Quoting MitchL
No I am talking about when a pairs own news moves it .. the closest correlating pair ie. AUS.USD and EUR/USD makes exactly the same move.

Look at the AUD with the EUR new just recently BUT ... BUT .... BUT

The pair that moves cause it corresponds with the pair the news came out for .. has quite consistantly moved back to where it was quite quickly
so y u quote me? my theory got nothing to do with correlating pairs...eur chart looks a bit different then aud, kiwi is more of aussies partner...

but yes u are correct in your view, it does seem to do that with major news with outside pairs that effect it...but not all the time...china for example
  • #43,747
  • May 2, 2012 5:31am May 2, 2012 5:31am
hi

Attached a chart. Anyone else looking for long, based on the break of falling trendline?

Attached Image (click to enlarge)
Click to Enlarge Name: AU20120402.png Size: 53 KB
  • #43,748
  • May 2, 2012 5:37am May 2, 2012 5:37am
Short @1.0332 TP @1.0300 SL @1.0355
  • #43,749
  • May 2, 2012 5:58am May 2, 2012 5:58am
nzd gbp eur gold all down
  • #43,750
  • May 2, 2012 8:42am May 2, 2012 8:42am
thoughts on this thing having a second pair of legs?
  • #43,751
  • May 2, 2012 8:56am May 2, 2012 8:56am
Quoting Daytrader74
Short @1.0332 TP @1.0300 SL @1.0355
TP target achieved.
  • #43,752
  • May 2, 2012 9:03am May 2, 2012 9:03am
well done mate! bagged a few easy pipps
  • #43,753
  • May 2, 2012 9:37am May 2, 2012 9:37am
Quoting rafiqhidayat
I am seeing a rising wedge formation (started 1st April 2012) in which the price is capped around 1.0450-.475 and a rising trendline that the price has touched 3 times and bounced back to the top. This is based on the daily chart btw.

The price has TOUCHED the rising trendline (the bottom of the rising wedge) due to the move yesterday, and I think we might see either a movement (continuation of the bearish trend that started on 29 Feb 2012) or a break of the top. I am not that big of a patterns trader (had to google it up - but rising wedges during...
Just revisiting my earlier post. It seems the rising trendline (the bottom of the rising wedge) was broken as we are currently below 1.0300.

I am expecting at least a move to 1.0150 this time and preparing to buy the dips at selected intervals targeting a move back up to 1.0600.

Already in at 1.04, 1.035, 1.03 (total 2.5 mini lots). Still have 1.025, 1.0225 and 1.02 to go (total 3 mini lots).

But as my sig says, the most important thing is ensuring that I manage my MM.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #43,754
  • May 2, 2012 1:21pm May 2, 2012 1:21pm
Quoting FX-Petra
Bought the dip..... 2 lots @ 0325. We'll see where she goes!

Regards,
Still holding..... took a third lot long @ 0295.

Regards,
  • #43,755
  • May 2, 2012 3:10pm May 2, 2012 3:10pm
So the RBA said that the rate cut will be implemented on 5/2. By looking at my chart, since 2PM US-time (which by my estimate is 12AM 5/3 Aussie time), Aussie's been rising. Do you traders think the downturn has ended for the rate-cut reason? Or you think there's more to go?
  • #43,756
  • May 2, 2012 5:35pm May 2, 2012 5:35pm
So hard to read right now.
I am long @1.025 but wish I had waited and stayed away.
A genius is born every minute, me I am lucky if my socks match.
  • #43,757
  • May 2, 2012 6:08pm May 2, 2012 6:08pm
Sox.. @1.0325
A genius is born every minute, me I am lucky if my socks match.
  • #43,758
  • May 2, 2012 6:19pm May 2, 2012 6:19pm
daily an 4h failed, probably see her true direction by tomorrows close ay or?
  • #43,759
  • May 2, 2012 7:05pm May 2, 2012 7:05pm
Still feels like it is going south to me.

Mind you I just closed my 2 shorts for total 50 pips.
Lost 30 pip's over night with a short at 1.0290 sl @ 1.0320

Looking for a bounce to around 1.0330 to grab another short. Still think we are heading for a 1.01XX
  • #43,760
  • May 2, 2012 7:30pm May 2, 2012 7:30pm
Quoting MitchL
Still feels like it is going south to me.
Am with you on this one, I should have bailed out last night (AUS Time) when it jumped to 1.035, would have been a loss but not as big a loss as I am in now..

Neil Mellon is predicting a bit of a fall as well.
A genius is born every minute, me I am lucky if my socks match.
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