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AUD/USD

  • #46,061
  • Jun 3, 2012 3:42pm Jun 3, 2012 3:42pm
Quoting DaddyBear
Which broker did you trade spot silver with? I use IG markets before. IG closed its spot Forex and PM business after May, 2011. I still cannot find another good broker to trade spot silver again. US residents are not allowed to trade with foreign brokers. Can you recommend any PM brokers?
I can't. The one I used to use will no longer allow any leverage (as all other U.S. brokers... they are no different)

This was pre-reg compliance time if I remember correctly. Well, must have been.

Since then... nah, no more spot metals.

X
  • #46,062
  • Jun 3, 2012 4:49pm Jun 3, 2012 4:49pm
Quoting DaddyBear
Please change your diet,, ma'am!

Seems to me, you eat too much habanero chili ever day. This could be the reason your temper is so hot!

The area of the uncharted waters is the blank space to the right side of current bar. Elliott Principle is my navigator. Do you know Ralph Nelson Elliott? I do know where I am sailing to. I made several calls last week and made decent money on each call. Call me whatever you like.

Based on your conservative trading method, the frequent use...
Do you have a crystal ball? Or perhaps the magical ability to see the future?

Are you simply sailing to waters that others have already charted hence you know what you're going into and your term "uncharted" merely means places YOU have not gone into?

My calls? I don't spoonfeed, you can search my posts and see for yourself, I'll even let you see my trade explorer.

You obviously do not grasp the concept of price action coupled with support and resistance hence your arrogance about trade confirmation. Or my inability to see where the market is moving. You're right, I don't trade where i think it will go, rather I trade what the charts are telling me because I am no Oracle, I cannot see the future until signals are confirmed and I make my trade.

Good luck with your pinbar reversal, ignore the fundamentals for all I care, I am done with this.

You can should team up with the god who traded a 120% increase in 5 days plus your navigational skills and ability to see the future.

“I can't change the direction of the wind, but I can adjust my sails to always reach my destination.” - Jimmy Dean
  • #46,063
  • Edited 5:43pm Jun 3, 2012 5:24pm | Edited 5:43pm
Quote
I like 0.9660 long, stop around 0.9630, targeting 9710, and then 9730 for final target.


X

Well, got long around 9660 exactly.

So far, up 21 pips.

Looks like a good start to the week
  • #46,064
  • Jun 3, 2012 5:34pm Jun 3, 2012 5:34pm
Quoting jayjb
Do you have a crystal ball? Or perhaps the magical ability to see the future?

Are you simply sailing to waters that others have already charted hence you know what you're going into and your term "uncharted" merely means places YOU have not gone into?

My calls? I don't spoonfeed, you can search my posts and see for yourself, I'll even let you see my trade explorer.

You obviously do not grasp the concept of price action coupled with support and resistance hence your arrogance about trade confirmation. Or my inability to see where the market...

Grocery Shopping, ma'am?

So, "grasping the concept of price action coupled with support and resistance" is all you know about trading? What you are doing is more like shopping in the grocery stores. After confirming the price tag below the item you want then you pick up that item. This is far from the definition of trader. Shopper is more suitable for you than "trader".

My final question for you. What is the criteria of your so called "confirmation"? Did you borrow this from someone or create by yourself?

So long.
daddybearforex. com
  • #46,065
  • Jun 3, 2012 6:05pm Jun 3, 2012 6:05pm
Quoting DaddyBear

Grocery Shopping, ma'am?

So, "grasping the concept of price action coupled with support and resistance" is all you know about trading? What you are doing is more like shopping in the grocery stores. After confirming the price tag below the item you want then you pick up that item. This is far from the definition of trader. Shopper is more suitable for you than "trader".

My final question for you. What is the criteria of your so called "confirmation"? Did you borrow this...
I am done playing analogies with you.

I hope you find success despite your arrogance to trade without guidance or proper trading rules.
  • #46,066
  • Jun 3, 2012 6:14pm Jun 3, 2012 6:14pm
I am looking to long Aussie between 0.96361 and 0.96153.
daddybearforex. com
  • #46,067
  • Jun 3, 2012 6:19pm Jun 3, 2012 6:19pm
Quoting forextraderx
Well, got long around 9660 exactly.

So far, up 21 pips.

Looks like a good start to the week
hey bro, pips are only green when they are banked,
If you are new to Forex? Say Goodbye to your account!!
  • #46,068
  • Jun 3, 2012 6:57pm Jun 3, 2012 6:57pm
Quoting forextraderx
I can't. The one I used to use will no longer allow any leverage (as all other U.S. brokers... they are no different)

This was pre-reg compliance time if I remember correctly. Well, must have been.

Since then... nah, no more spot metals.

X

Thanks for your reply. Spot silver was my favorite trading.
daddybearforex. com
  • #46,069
  • Jun 3, 2012 7:22pm Jun 3, 2012 7:22pm
any thoughts on the rumors of more rate cuts on the aussy? I hear its a 70% likelyhood of another one- wondering if anyone is using this as part of their analysis
  • #46,070
  • Jun 3, 2012 7:28pm Jun 3, 2012 7:28pm
This is what I expect to happen next - a bullish wedge formation.
Attached Image (click to enlarge)
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daddybearforex. com
  • #46,071
  • Jun 3, 2012 7:55pm Jun 3, 2012 7:55pm
Quoting DaddyBear
This is what I expect to happen next - a bullish wedge formation.
Entered long @ 0.96307.
daddybearforex. com
  • #46,072
  • Jun 3, 2012 8:00pm Jun 3, 2012 8:00pm
Quoting DaddyBear
Entered long @ 0.96307.
Now, a morning star is forming in M15 chart. Let me see if I can confirm this morning star before next bar closes above mid point of previous bar. Cannot wait.
daddybearforex. com
  • #46,073
  • Jun 3, 2012 8:19pm Jun 3, 2012 8:19pm
Quoting DaddyBear
Now, a morning star is forming in M15 chart. Let me see if I can confirm this morning star before next bar closes above mid point of previous bar. Cannot wait.
The mid point of previous bar was 0.96476. Now this next bar closed @ 0.96404. So no confirmation. I am not sure if ma'am jayjb would approve that the following bar closes above 0.96476 is O.K..
daddybearforex. com
  • #46,074
  • Jun 3, 2012 8:21pm Jun 3, 2012 8:21pm
Quoting DaddyBear
Now, a morning star is forming in M15 chart. Let me see if I can confirm this morning star before next bar closes above mid point of previous bar. Cannot wait.

1 hr candle indicates momentum downard is slowing... I'm kinda expecting the aud news out soon to hit around expectations...but due to the signifncant drop in commodities in may...i think any guidance for the next release will be much lower than this one... that COULD push prices down a lot... but the AUD/USD is tracking the S&P...which JUST came to a major support level that also intersects a significant trendline.... and it's holding so far.

I would expect a move back up at least towards the U.S. session close on friday between now and U.S session open.. if so, the AUD trade I'm in will look much better.

Also, stop moved down to 9615. however, if that' doesn't hold... i will sit back, and rethink my approach for the day.

X
  • #46,075
  • Jun 3, 2012 8:36pm Jun 3, 2012 8:36pm
Well, news didn't prduce a strong selloff, but it can't help much either.

I do not like the trade as it's shaping up.... and at this point don't have very high expectations for it.

But, It'll just have to work itself out, and time will tell.

X
  • #46,076
  • Jun 3, 2012 8:39pm Jun 3, 2012 8:39pm
Quoting forextraderx
1 hr candle indicates momentum downard is slowing... I'm kinda expecting the aud news out soon to hit around expectations...but due to the signifncant drop in commodities in may...i think any guidance for the next release will be much lower than this one... that COULD push prices down a lot... but the AUD/USD is tracking the S&P...which JUST came to a major support level that also intersects a significant trendline.... and it's holding so far.

I would expect a move back up at least towards the U.S. session close on friday between now and U.S session...

Yesterday I looked at all time frames and I saw a second wave bullish flag formation. Now we are at end of Wave-3/2. I expect Aussie to take off from here and go above Friday close.
daddybearforex. com
  • #46,077
  • Jun 3, 2012 8:48pm Jun 3, 2012 8:48pm
Quoting DaddyBear
Yesterday I looked at all time frames and I saw a second wave bullish flag formation. Now we are at end of Wave-3/2. I expect Aussie to take off from here and go above Friday close.
Techincally speaking, i'm all for a high likelyhood of an AUD bounce up towards fridays highs.

Just sentimentally speaking, it isn't looking good... and with risk off appearing to be the theme so far in asia and no new positive developments anywhere (save maybe that germany may agree to eurobonds under very radical new system of political structure).... I have conflicting reasons for being long at this point.

And I like the easy ones...this is turning into a grind, but... we'll just see.

15 min showing some support, and again...aud is tracking the S&P Futs that are still finding support. now, they need a bit of a move up to actually boost the tone for the day... but this is a distinct possibility.

If we can get a 1hr close above 9645....i'll be feeling better agbout this.

X
  • #46,078
  • Jun 3, 2012 8:52pm Jun 3, 2012 8:52pm
Quoting DaddyBear
The mid point of previous bar was 0.96476. Now this next bar closed @ 0.96404. So no confirmation. I am not sure if ma'am jayjb would approve that the following bar closes above 0.96476 is O.K..
I think I should look at H1 chart instead of M15 to confirm the formation of morning star. So now the question is which time frame should be used to confirm the morning star formation. May be I should call it a morning star assembly because it would consist of three bars. My exchanges with ma'am jayjb was somewhat constructive at last. Now the mid point moves up to 0.96537 in H1 chart. Let's see if Aussie can make it. Go Aussie!
daddybearforex. com
  • #46,079
  • Jun 3, 2012 8:52pm Jun 3, 2012 8:52pm
aud/usd will hit 0.9777 sometime this week..
  • #46,080
  • Jun 3, 2012 8:55pm Jun 3, 2012 8:55pm
i am watchn 5m trend..

(lines drawn up aages ago)
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