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AUD/USD

  • #45,321
  • May 24, 2012 8:52pm May 24, 2012 8:52pm
Quoting payal
Keep s/l tight. This baby is ready to take off.
Really??
  • #45,322
  • May 24, 2012 8:59pm May 24, 2012 8:59pm
it's gonna be sell or short for this pair . I will take position @ 09795
  • #45,323
  • May 24, 2012 9:01pm May 24, 2012 9:01pm
Quoting Daytrader74
Really??
It may not be a super fast takeoff and I know you will achieve your target. It might retest 0.99 or even parity, before the end of the month.
  • #45,324
  • May 24, 2012 9:08pm May 24, 2012 9:08pm
I can often tell when the market is about to turn around. It's when that very last person on FF finally relents and switches from bull to bear.
Every time you use 'hopium' in a post, God kills a kitten.
  • #45,325
  • May 24, 2012 9:26pm May 24, 2012 9:26pm
Quoting pt49
I placed entry orders at 9812 and 9836 before I went to bed, woke up to a nice positive +66 pips so far
yesterday my post on AUD and still running for the 2nd sell limit post ..not sure is this baby gonna hit my long...just my 2 cent trade ...

if not may be i just close at my option price today..
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  • #45,326
  • May 24, 2012 9:34pm May 24, 2012 9:34pm
This pair is very interesting. It plunge all the way south before going up to hit a obvious resistance. Didn't manage to get out at the bottom since it was an overnight trade. However, I still believe that price will further head south. Price bounced off 0.97830 with a pin bar coupled with a bearish engulfing pattern.



With the most reliable reversal pattern forming - head and shoulders, I believe that this trade will definitely possess a high risk to reward ratio yet have a high probability of success.

Expect $audusd to head south +80 pips if the head and shoulder is formed. Adding more shorts to my position.

Check out my blog @ http://emppuedge.blogspot.com/ for more analysis on $audusd and many other currency pairs

Cheers!
  • #45,327
  • May 24, 2012 10:19pm May 24, 2012 10:19pm
Quoting Superjet335
With the most reliable reversal pattern forming - head and shoulders, I believe that this trade will definitely possess a high risk to reward ratio yet have a high probability of success.
While I'm not saying that it's not headed south (I'm actually on the sidelines as of now), but what I am going to say is that a H&S Pattern is valid in an uptrend and is a reversal pattern. The pattern you've drawn, while resembling a H&S, simply is not just by virtue of the fact that it's at the bottom of the current move.

Pick up a copy of The Encyclopedia of Chart Patterns.
Every time you use 'hopium' in a post, God kills a kitten.
  • #45,328
  • May 24, 2012 10:23pm May 24, 2012 10:23pm
Quoting fx-rocket
Short NZD 0.7537, sl 0.7577, Tp open
Sl moved to 0.7536 (BE +1)
Tp set to 0.7377 (+160) Just above Nov26 low of 0.7371

I think we will see a sharp sell of risk assets, if not before, in the NY session.
If the trade does not stop out, I'll leave it over the weekend and into next week.
Expect the unexpected.
  • #45,329
  • May 24, 2012 11:34pm May 24, 2012 11:34pm
I've been scalping long and short this arvo. I'm done, and going to wait for a direction. Pending short at .9715. Forming a triangle on lower timeframes.
FF journal: Peaks and Troffs
  • #45,330
  • May 25, 2012 12:48am May 25, 2012 12:48am
In short on NZD again...
Short @ 0.7534, sl 0.7594,, Tp 0.7377
Expect the unexpected.
  • #45,331
  • May 25, 2012 1:06am May 25, 2012 1:06am
Resistance created.
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  • #45,332
  • May 25, 2012 1:11am May 25, 2012 1:11am
just wondering, if anyone know, if many traders close there sell position before weekend close, would it be a up opening gap on monday opening? this monday is public holiday for many country, many trader would not want hold the position over the long weekend. thanks for your reply!
happy piping to all~
  • #45,333
  • May 25, 2012 1:12am May 25, 2012 1:12am
Quoting fx-rocket
Sl moved to 0.7536 (BE +1)
Tp set to 0.7377 (+160) Just above Nov26 low of 0.7371

I think we will see a sharp sell of risk assets, if not before, in the NY session.
If the trade does not stop out, I'll leave it over the weekend and into next week.
I'm curious as to why you keep posting NZD trades in the AUD thread?
In the days of old when sailors were bold, and seldom if ever contented.
  • #45,334
  • Edited 4:18am May 25, 2012 1:26am | Edited 4:18am
Quoting Kofmaster
I wonder what tools do you used to trade if you think all indicators is as useless as volumes. Guide me pls ? ^^
I use vanilla charts, with an 8 period EMA on 4hr and higher, and I place support/resistance lines and use fibonacci.
So the only indicator is EMA really... and its only there as dynamic resistance (not really an indicator).

Thats it... gives me a good 50 to 100 pips most days.

Trading less than 0.5% risk per trade... I feel I should increase my exposure to risk. A 1% risk per trade would double my returns... I think that would give me over 15% increase on equity a month, maybe more.
In the days of old when sailors were bold, and seldom if ever contented.
  • #45,335
  • May 25, 2012 1:30am May 25, 2012 1:30am
Quoting hellboy
just wondering, if anyone know, if many traders close there sell position before weekend close, would it be a up opening gap on monday opening? this monday is public holiday for many country, many trader would not want hold the position over the long weekend. thanks for your reply!
happy piping to all~
One thing I never, ever do, is hold a trade over the weekend. If your broker is closed, your stop doesn't work. Maybe if I traded longer term it might be ok. I couldn't sleep.
FF journal: Peaks and Troffs
  • #45,336
  • May 25, 2012 1:44am May 25, 2012 1:44am
Waiting test 0.9577 around after 0.9725 taken up & can extend to limit 0.9389 as friday play . may bounce monday ranging to continue down thereafter next week .Goodluck at the same time .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #45,337
  • May 25, 2012 2:02am May 25, 2012 2:02am
Quoting fontu
Waiting test 0.9577 around after 0.9725 taken up & can extend to limit 0.9389 as friday play . may bounce monday ranging to continue down thereafter next week .Goodluck at the same time .
fontu
Glad to see you posting
  • #45,338
  • May 25, 2012 2:11am May 25, 2012 2:11am
Short AUD
  • #45,339
  • May 25, 2012 2:33am May 25, 2012 2:33am
Quoting Daytrader74
Short AUD
what happen to your account? -3110 pip on 23rd of May
  • #45,340
  • May 25, 2012 4:01am May 25, 2012 4:01am
Quoting hellboy
what happen to your account? -3110 pip on 23rd of May
Earthquake
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