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AUD/USD

  • #44,301
  • May 10, 2012 7:38pm May 10, 2012 7:38pm
Quoting Daytrader74
Long Aud @1.0060 TP @1.0085 SL @1.0049
nice bull is strong
  • #44,302
  • May 10, 2012 7:46pm May 10, 2012 7:46pm
Quoting ahmad37
Thanks PROFX and ATI,
what do you think, AUD is waiting for next news? becas I am worry, when its reach 1.00200, I will be out due to margin,
That's over-leveraging if you will get Margin Called just by the price moving 100 pips against you.

While the price might move back to your buy price, it might or might not happen today. Worse thing is, the Chinese Data (CPI, PPI) might move the market and hit 1.0020 first (can happen two ways, first by a single impulse move towards 1.0020 (clearly bad data), or secondly by moving upwards before people start examining the data and the price action starts going south.)

Suggestions in terms of what you can do,

1. Take a partial loss, i.e. close part of your position. If you've taken a position of 1 lot, maybe cut it in half (at least you're covered all the way to 0.992 now - still not good, but not as bad)
2. Close all your long positions now, take full loss, and reenter once you get a proper signal.
3. Keep your position and hope / pray for the best which could mean you'll profit or you'll lose your whole account.

In the end, it's your money, and you should decide what you should do with it.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #44,303
  • May 10, 2012 7:47pm May 10, 2012 7:47pm
Quoting Daytrader74
Long Aud @1.0060 TP @1.0085 SL @1.0049
Good entry, seems you're already 16 pips in green... .

I'm already at the max of my MM, can't open any more new positions until I close some. Wanted to enter at 1.0050 earlier, but MM is more important than profit for me.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #44,304
  • May 10, 2012 7:49pm May 10, 2012 7:49pm
Quoting rafiqhidayat

3. Keep your position and hope / pray for the best which could mean you'll profit or you'll lose your whole account.
Thats not a good advice...
  • #44,305
  • May 10, 2012 7:53pm May 10, 2012 7:53pm
Quoting rafiqhidayat
That's over-leveraging if you will get Margin Called just by the price moving 100 pips against you.

While the price might move back to your buy price, it might or might not happen today. Worse thing is, the Chinese Data (CPI, PPI) might move the market and hit 1.0020 first (can happen two ways, first by a single impulse move towards 1.0020 (clearly bad data), or secondly by moving upwards before people start examining the data and the price action starts going south.)

Suggestions in terms of what you can do,

1. Take a partial loss, i.e....
Thanks rafiqhidayat, very good suggestions, I am planning to do some, regards, and thanks
Thanks
  • #44,306
  • May 10, 2012 7:55pm May 10, 2012 7:55pm
Quoting sidhujag
nice bull is strong
aud is pushing market up good cny news?
  • #44,307
  • May 10, 2012 8:03pm May 10, 2012 8:03pm
Quoting rafiqhidayat
Good entry, seems you're already 16 pips in green... .

I'm already at the max of my MM, can't open any more new positions until I close some. Wanted to enter at 1.0050 earlier, but MM is more important than profit for me.
Out for +17 pips...getting close to CNY data
  • #44,308
  • May 10, 2012 8:03pm May 10, 2012 8:03pm
Quoting Daytrader74
Thats not a good advice...
LOL..

Noobicle got it... No. 3 is more sarcastic in nature..... i.e. do it at your own peril.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #44,309
  • May 10, 2012 8:16pm May 10, 2012 8:16pm
Quoting rafiqhidayat
LOL..

Noobicle got it... No. 3 is more sarcastic in nature..... i.e. do it at your own peril.
I dont get it... I always use No. 3 as my rule, in fact it is my No. 1 rule...

Currently long on AUD 2 positions and scalping EUR/USD.
A genius is born every minute, me I am lucky if my socks match.
  • #44,310
  • May 10, 2012 8:40pm May 10, 2012 8:40pm
we will see soon 1.0020, congrats to all who sold at 1.0100 when it broke the channel
  • #44,311
  • May 10, 2012 8:53pm May 10, 2012 8:53pm
the data slightly expected, the market is unsure where to go.
  • #44,312
  • May 10, 2012 9:01pm May 10, 2012 9:01pm
1.0132 short closed picked up 70+ pipps on that bad boy. It was either lucky that resistance number i through out there or pure genious as i bag me some green pipps
  • #44,313
  • May 10, 2012 9:16pm May 10, 2012 9:16pm
Quoting pippaholic
1.0132 short closed picked up 70+ pipps on that bad boy. It was either lucky that resistance number i through out there or pure genious as i bag me some green pipps
Nice trade!
I'm still short from the 1.01 area. Moved SL to 1.0086. Targeting .9950 area.
  • #44,314
  • May 10, 2012 9:50pm May 10, 2012 9:50pm
Thanks man yeah we shorted around the same area last night, good trade on your behalf as well. The next short i place i will aim for parity
  • #44,315
  • May 10, 2012 9:56pm May 10, 2012 9:56pm
Quoting cher
we will see soon 1.0020, congrats to all who sold at 1.0100 when it broke the channel
Not yet.. gotta wait until NY
  • #44,316
  • May 10, 2012 10:43pm May 10, 2012 10:43pm
seems aud emplyment rate put a halt to bears?

.......i think i might have the most pips......oh i mean minutes for staring at this chart this week
  • #44,317
  • May 10, 2012 10:51pm May 10, 2012 10:51pm
Quoting Noobicle
seems aud emplyment rate put a halt to bears?

.......i think i might have the most pips......oh i mean minutes for staring at this chart this week
got 130 on AUD and playing gold for now... going long on AUD for a few with SL set to China opening low m5.
  • #44,318
  • May 11, 2012 12:33am May 11, 2012 12:33am
C'mon we gotta see parity after this don't we ??
  • #44,319
  • May 11, 2012 12:42am May 11, 2012 12:42am
was short 6 lots for that little dip

3 from this mornng @ 1.0052 tp at 1.0047
3 from the resistance line @ 1.00655 still short

also shorted another 3 @ 1.0052 on the bounce amd took 6 pips profit

not too bad a turn out for me
  • #44,320
  • May 11, 2012 12:47am May 11, 2012 12:47am
Mind you .. this is where it gets hard for me.. +22 pips on 3 units I am still holding ..

a/ Hold it .. ? cause this baby should be at parity within the hour

b/ Take Profit .. ? Cause GOD knows what this market will do in an hour ?

I am holding cause really the first is correct .... BUT whenever I seem to make that choice option 'B' likes to kick in
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