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AUD/USD

  • #45,841
  • May 31, 2012 11:41am May 31, 2012 11:41am
Quoting Hookem28
My broker didn't execute my trade and I only got +25 instead of +50.
Put an alert 5 pips ahead of your target... if your around your comp, at least you will hear it and know to make sure all goes well.

X
  • #45,842
  • May 31, 2012 11:55am May 31, 2012 11:55am
Quoting Paulenok
Closes below daily pivot and 38.2% fib, gonna add another short.

Attachment
It made a run at the pivot, but the days not over yet. Most of the volume traded today @ 0.9700. I'm neutral on this pair. This USD rally is too overextended for me to take a trade on any USD pair however at the moment. Add in end of month profit taking and NFP tomorrow with numbers likely to disappoint (plus the fact that the market doesn't pay attention to many numbers lately)... no sir. Not for me anyway.
Every time you use 'hopium' in a post, God kills a kitten.
  • #45,843
  • May 31, 2012 11:58am May 31, 2012 11:58am
Quoting deeZG
second long today...

PS.
no shorts into double bottom

End of month profit taking. Gotta post positive numbers and all. That said, I see a short term reversal on the horizon, but I'm surely not going to try and do anything before it's confirmed. If it is in fact a double bottom on the AUDUSD, it's the kind I like with the second bottom a bit lower than the first. The big players clear the stops on the longs before buying themselves.
Every time you use 'hopium' in a post, God kills a kitten.
  • #45,844
  • May 31, 2012 12:08pm May 31, 2012 12:08pm
Quoting profxtrader
End of month profit taking. Gotta post positive numbers and all. That said, I see a short term reversal on the horizon, but I'm surely not going to try and do anything before it's confirmed. If it is in fact a double bottom on the AUDUSD, it's the kind I like with the second bottom a bit lower than the first. The big players clear the stops on the longs before buying themselves.
yes, i agree...this is not that kind of double bottom. this one is profit taking at the moment when it should break first bottom. combined with previous important level - nice opportunity for a little long.
big numbers are our friends...
  • #45,845
  • May 31, 2012 12:13pm May 31, 2012 12:13pm
@ resistance.

M15
Attached Image (click to enlarge)
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  • #45,846
  • May 31, 2012 12:22pm May 31, 2012 12:22pm
This would be the price to go short for continuation.
  • #45,847
  • May 31, 2012 1:34pm May 31, 2012 1:34pm
May as well trade S&P during US hours if you are trading this pair.
  • #45,848
  • May 31, 2012 2:40pm May 31, 2012 2:40pm
Quoting fosking
@ resistance.

M15
Attachment
Next level, 9800 (if it even gets that high).

M15
Attached Image (click to enlarge)
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  • #45,849
  • May 31, 2012 2:46pm May 31, 2012 2:46pm
Quoting fosking
Next level, 9800 (if it even gets that high).

M15
Attachment
The M15 close was below the high. Might not be so good for the bulls. It's a real battle atm.
  • #45,850
  • May 31, 2012 4:43pm May 31, 2012 4:43pm
Morning all.

Looks like my SL was triggered at the last swing hi over night. Profits, profit after all. Looks like I only took 40 pips.
  • #45,851
  • May 31, 2012 6:01pm May 31, 2012 6:01pm
1h

consolidation?
Attached Image (click to enlarge)
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  • #45,852
  • May 31, 2012 6:09pm May 31, 2012 6:09pm
Wary of a double bottom for nzdusd and audusd

Have my nzdusd sl at 0.7570, 2 immediate bottoms stand at 0.74996 and 0.74998

My tp is at 0.7480
  • #45,853
  • May 31, 2012 6:33pm May 31, 2012 6:33pm
Been fading any rallies for the past 2 weeks.. but in scalping mode (bigger size trades with smaller TPs). Generally targeting about 10 - 20 pips MAX.

So, before I went to sleep last night, I set up my short scalp with my usual TP. I was confused when I woke up this morning to see that my TP was hit, but the amount was a lot higher than what it was supposed to be.

After a few minutes, I realized, instead of setting the TP at 20 pips, I had set it at 50 pips. I believe I was lucky this time (especially shorting close to the current temporary bottom), but I really need to stop trading when I'm sleepy. If the trade had gone against me, I would have been deep underwater today.

Morale of the story: Don't trade while you're feeling sleepy, and luck does help from time to time, just don't expect it to be there always.

Note: waiting for Chinese PMI figures before entering any positions today.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #45,854
  • May 31, 2012 7:44pm May 31, 2012 7:44pm
Quoting jayjb
Wary of a double bottom for nzdusd and audusd

Have my nzdusd sl at 0.7570, 2 immediate bottoms stand at 0.74996 and 0.74998

My tp is at 0.7480
yap...but i'm not quite sure it become strong support coz..last night still rejected, base on daily tf ...in another words market is still not confident with this price.
  • #45,855
  • May 31, 2012 8:23pm May 31, 2012 8:23pm
Quoting tobafx
yap...but i'm not quite sure it become strong support coz..last night still rejected, base on daily tf ...in another words market is still not confident with this price.
don't be hurry to buy back coz wary of big sale tp 0.9610
  • #45,856
  • May 31, 2012 9:21pm May 31, 2012 9:21pm
30min<-_>
Attached Image (click to enlarge)
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  • #45,857
  • Jun 1, 2012 1:00am Jun 1, 2012 1:00am
Well, rightly or wrongly, I'm long from .97, price has hit my mark, and although it's Friday arvo just before Europe, I see it as a low risk entry.I've had my eye on .9664 as a turning point.We'll see how she goes.
FF journal: Peaks and Troffs
  • #45,858
  • Jun 1, 2012 1:06am Jun 1, 2012 1:06am
Morning everyone!

Let's see what will this NFP day give us or take away from us

Quoting bogus
Well, rightly or wrongly, I'm long from .97, price has hit my mark, and although it's Friday arvo just before Europe, I see it as a low risk entry.I've had my eye on .9664 as a turning point.We'll see how she goes.
I'm long since last night China PMI hammer bottom (got in @0.9673)
It hasn't moved a lot through the night...let's now see... one eye on DAX
big numbers are our friends...
  • #45,859
  • Jun 1, 2012 2:08am Jun 1, 2012 2:08am
Testing support.

M5
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  • #45,860
  • Jun 1, 2012 2:19am Jun 1, 2012 2:19am
Quoting fosking
Testing support.

M5
Attachment
That didn't take long to break.
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