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AUD/USD

  • #44,261
  • May 10, 2012 1:59pm May 10, 2012 1:59pm
i think it failed to go UP
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  • #44,262
  • May 10, 2012 2:08pm May 10, 2012 2:08pm
Yep. i am short since 1.0100
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  • #44,263
  • May 10, 2012 2:12pm May 10, 2012 2:12pm
Quoting cher
i think it failed to go UP
Yep. The TL turned into resistance.
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  • #44,264
  • May 10, 2012 2:12pm May 10, 2012 2:12pm
Quoting prive
Does anyone know of the link for myfxbook open positions? I googled but cannot find. Thanks.


here you go

http://fxtrade.oanda.ca/analysis/open-position-ratios
  • #44,265
  • May 10, 2012 2:17pm May 10, 2012 2:17pm
short
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  • #44,266
  • May 10, 2012 3:44pm May 10, 2012 3:44pm
I find reading these posts so useful especially when they are oppersite to my position. It makes me really test my own conviction and make sure my signals were genuine (as I define them). Currently I am long from 1.0060 just before th Oz emp. number and have not yet seen any reason for me to close the position. Stops lifted from initial 1.040 to breakeven for now.
  • #44,267
  • May 10, 2012 3:47pm May 10, 2012 3:47pm
Quoting Hyperion
I find reading these posts so useful especially when they are oppersite to my position. It makes me really test my own conviction and make sure my signals were genuine (as I define them). Currently I am long from 1.0060 just before th Oz emp. number and have not yet seen any reason for me to close the position. Stops lifted from initial 1.040 to breakeven for now.
Are you sure about this "Currently I am long"?
  • #44,268
  • May 10, 2012 3:57pm May 10, 2012 3:57pm
Look this picture
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  • #44,269
  • May 10, 2012 4:05pm May 10, 2012 4:05pm
Yes Cher I can only follow my system. I won't try and convince anyone of the merits of my view because the last price is where everyone agree current value is .... and what counts is how much one takes out of the market not who is right or wrong. Whatever happens from here I have a free ride and untill I get a sell signal (from the way I define the markets) I'll stick with it.
  • #44,270
  • May 10, 2012 4:08pm May 10, 2012 4:08pm
Quoting Hyperion
Yes Cher I can only follow my system. I won't try and convince anyone of the merits of my view because the last price is where everyone agree current value is .... and what counts is how much one takes out of the market not who is right or wrong. Whatever happens from here I have a free ride and untill I get a sell signal (from the way I define the markets) I'll stick with it.
ok, I respect your opinion, but wait for 1.0060
  • #44,271
  • May 10, 2012 4:14pm May 10, 2012 4:14pm
Quoting Hyperion
Yes Cher I can only follow my system. I won't try and convince anyone of the merits of my view because the last price is where everyone agree current value is .... and what counts is how much one takes out of the market not who is right or wrong. Whatever happens from here I have a free ride and untill I get a sell signal (from the way I define the markets) I'll stick with it.
currently we are at 1.0065. are you working for retailers like FXDD or Alpari... to disturb or fool new traders?
  • #44,272
  • May 10, 2012 4:30pm May 10, 2012 4:30pm
we just crossed very important area at 1.0065. Let's wait for the last low at 1.0020.
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  • #44,273
  • May 10, 2012 4:30pm May 10, 2012 4:30pm
JPM weighing on S&P .gains from yesterday erased.
$800m loss
  • #44,274
  • May 10, 2012 4:34pm May 10, 2012 4:34pm
And that last move is why you always watch the COT and open positions. 82 % of retailers just got screwed. Wonder how many stops and margin calls we saw on that move =)
Retailers can't be that heavy and not go unnoticed by the commercials. T/P 1 at .9930 (august 2011 low) Sold at 1.0124, stop at b/e.
  • #44,275
  • May 10, 2012 5:11pm May 10, 2012 5:11pm
Quoting cher
currently we are at 1.0065. are you working for retailers like FXDD or Alpari... to disturb or fool new traders?
wow! No, I am an independant trader who trades for myself and some clients I've had for 20 yrs. I am stopped at breakeven now FYI. Your conspiracy therory amazes me. I speak to prop traders all over the world and we often have opposing positions. (maybe different timeframes) but we would never accuse each other of having any motive other than to make money.
  • #44,276
  • May 10, 2012 5:19pm May 10, 2012 5:19pm
if you look at the oanda positioning, there are so many longs under water, either they have really small positions, but uv got people long from 1.08 to 1.04 still in the market...maybe there stops are at parity, but that would be obvious...drop to 0.99 and kill the longs, drop to 0.96 and people may wonder if we're going to form a lower low as the last launch pad was at 0.9...
  • #44,277
  • May 10, 2012 5:28pm May 10, 2012 5:28pm
Maybe monkeyforex but I think these markets are way more diverse in terms of participants that a forum like this would have you beleive. For example, retail Japanese FX traders have been buying the dip all the way down in the AUD/JPY from my measures. ( I have watched their trading habits for years via the Tokyo Futures Exchange). Mrs Watenabe as I call them will lighten on any rallies and keep buying the dip. Always averaging price, always staying net long. It takes a "flash crash" or a tsumani type left feild even to take them out of their positions.
  • #44,278
  • May 10, 2012 5:28pm May 10, 2012 5:28pm
Quoting Hyperion
wow! No, I am an independant trader who trades for myself and some clients I've had for 20 yrs. I am stopped at breakeven now FYI. Your conspiracy therory amazes me. I speak to prop traders all over the world and we often have opposing positions. (maybe different timeframes) but we would never accuse each other of having any motive other than to make money.
Having worked in the financial sector, the brokers have no need to have positions against you. Thats more so the banks and the funds. The brokers make enough on the spread. Say for example I have 200 000 dollars in my account with reasonable 25:1 leverage. I buy 50 lots at a 2 pip spread. The broker just made 5000 dollars. Personally I'm a scalper and with the amount of trades I take, brokers make at least a few hundred off me a day.
Long story short, the conspiracy theories are ridiculous.
  • #44,279
  • May 10, 2012 5:32pm May 10, 2012 5:32pm
Quoting monkey@forex
if you look at the oanda positioning, there are so many longs under water, either they have really small positions, but uv got people long from 1.08 to 1.04 still in the market...maybe there stops are at parity, but that would be obvious...drop to 0.99 and kill the longs, drop to 0.96 and people may wonder if we're going to form a lower low as the last launch pad was at 0.9...
they all (FXDD, Alpari and many many...) want you to lose your money. that's all.
  • #44,280
  • May 10, 2012 5:33pm May 10, 2012 5:33pm
Quoting cher
they all want you to lose your money. that's all.
Lets be clear, the banks, funds and firms do. The brokers are more profitable if you keep your money.
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