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AUD/USD

  • #46,601
  • Jun 7, 2012 9:52pm Jun 7, 2012 9:52pm
Quoting Czaray
Man, I must have an unconscious aversion to catching the moves. I just went to fix a sandwich right before this move and missed it. Went to sleep late last night right before the up move to parity. Psychology seems to be the key to success in this business, and skill just the framework.
Told ya keep an eye on it... it was ready to fall..
how could u miss the precious moment..
sorry but gud luck next time..
didn’t move away from screen.. and once m in the trade.. left for lunch.. but 100+ is good..
Gud luck bro
  • #46,602
  • Jun 7, 2012 10:14pm Jun 7, 2012 10:14pm
Quoting Eagle-kid
Told ya keep an eye on it... it was ready to fall..
how could u miss the precious moment..
sorry but gud luck next time..
didn’t move away from screen.. and once m in the trade.. left for lunch.. but 100+ is good..
Gud luck bro
PST is the one of the worst zones for trading. London opens at midnight and NY opens at 5AM. lately Asia has had some pretty good movement.

Man! that is cool you caught that.
Shapeshift greed and catch em' off guard
  • #46,603
  • Jun 7, 2012 10:32pm Jun 7, 2012 10:32pm
http://www.rba.gov.au/speeches/2012/sp-gov-080612.html

optimistic as the speech title implies lol
  • #46,604
  • Jun 7, 2012 10:37pm Jun 7, 2012 10:37pm
Long @ 9866, sl 9826, Tp 1.0012
Expect the unexpected.
  • #46,605
  • Jun 7, 2012 10:38pm Jun 7, 2012 10:38pm
Quoting fx-rocket
Long @ 9866, sl 9826, Tp 1.0012

i think he didnt say much !!! what do u guys think of the impact ?
“Don't cry because it's over, smile because it happened.â€Â
  • #46,606
  • Jun 7, 2012 10:39pm Jun 7, 2012 10:39pm
Quoting Czaray
PST is the one of the worst zones for trading. London opens at midnight and NY opens at 5AM. lately Asia has had some pretty good movement.

Man! that is cool you caught that.
Thanks Man... and completely agree about the timing...
from past few days m getting up in the middle of asian session... n trust me it becomes a long day..
  • #46,607
  • Jun 7, 2012 10:47pm Jun 7, 2012 10:47pm
Quoting fx-rocket
Long @ 9866, sl 9826, Tp 1.0012
YYYY long.. and couldn’t get ur TP...
any reason..
Sorry but
can’t see anything on my chart relating to ur entry...
  • #46,608
  • Jun 7, 2012 10:50pm Jun 7, 2012 10:50pm
Quoting jayjb
That is just price action about a support or resistance. You watch how price behave, look at M15, M30, H1 and possibly H4 close around it.

But it was a good bull call, I had only saw it when we failed to break NFP's close on monday, I prefer more solid reasons to enter and not feeling that a certain pattern would form, never good to pre-empt the market
I learned something from your trading during our debates. I am always looking for the facts. Please don't take my language too serious.

You mentioned PA a lot. What is your criteria of PA?
daddybearforex. com
  • #46,609
  • Jun 7, 2012 11:11pm Jun 7, 2012 11:11pm
Quoting DaddyBear
I learned something from your trading during our debates. I am always looking for the facts. Please don't take my language too serious.

You mentioned PA a lot. What is your criteria of PA?
I look at h4, daily and weekly to spot support and resistance, use h1 to determine/predict exact numbers such as high, low, close and open.

With horizontal lines, i look in M5 to see how pa are behaving, m15 and h1 to determine close. So far it has yielded good returns with good r:r but friday is not a good trading day for me, today looks to be a ranging day, i have immediate support at 0.9850 based on hourly but current pa shows otherwise
  • #46,610
  • Jun 7, 2012 11:22pm Jun 7, 2012 11:22pm
Quoting Eagle-kid
YYYY long.. and couldn’t get ur TP...
any reason..
Sorry but
can’t see anything on my chart relating to ur entry...
Entry according to chart
... Sorry Tp is 1.0025 (FIB april 30 - June 1)
Attached Image
Expect the unexpected.
  • #46,611
  • Jun 7, 2012 11:29pm Jun 7, 2012 11:29pm
Damn this pair, it was doing so well too.
Seems no matter where I put my stops the market knows and will drop at the point and bounce back from it.

I had my stop at 98.4
This has happened to me on a few pairs of late and even on some other trades not FX at all.

Is the concensus it will go down further or that is a support level?
  • #46,612
  • Jun 7, 2012 11:42pm Jun 7, 2012 11:42pm
Quoting jayjb
I look at h4, daily and weekly to spot support and resistance, use h1 to determine/predict exact numbers such as high, low, close and open.

With horizontal lines, i look in M5 to see how pa are behaving, m15 and h1 to determine close. So far it has yielded good returns with good r:r but friday is not a good trading day for me, today looks to be a ranging day, i have immediate support at 0.9850 based on hourly but current pa shows otherwise
Thanks for your input.

Bulls held 0.9850 so far. It was back and forth several times. From daily chart and today's pattern, seems to me, Aussie has not done her upward move yet. What is your take?
daddybearforex. com
  • #46,613
  • Jun 7, 2012 11:46pm Jun 7, 2012 11:46pm
Quoting DaddyBear
Thanks for your input.

Bulls held 0.9850 so far. It was back and forth several times. From daily chart and today's pattern, seems to me, Aussie has not done her upward move yet. What is your take?
i cannot answer you

we have broken out from the downtrend but parity holds as a strong resistance. Fundamentally AUD still weak but numbers this week have been heartening, showed some glimpse of hope

To me, current level is no trade zone for me (plus i'm not a friday trader)

But my plans are as follow, wait for it to go lower and around 0.9750 to 0.98 before entering a long OR wait for it to break parity, and long on a retest.

And you are right, once again bulls have held 0.9850, maybe next week might visit my number - 1.0240
  • #46,614
  • Jun 7, 2012 11:48pm Jun 7, 2012 11:48pm
Quoting Zac
Damn this pair, it was doing so well too.
Seems no matter where I put my stops the market knows and will drop at the point and bounce back from it.

I had my stop at 98.4
This has happened to me on a few pairs of late and even on some other trades not FX at all.

Is the concensus it will go down further or that is a support level?

Have you ever heard "stop hunter"? I got the same situation before. Seems to me, MM pushes the price toward the stop zone and triggers all the stops.
daddybearforex. com
  • #46,615
  • Jun 7, 2012 11:48pm Jun 7, 2012 11:48pm
Quoting fx-rocket
Entry according to chart
... Sorry Tp is 1.0025 (FIB april 30 - June 1)
I wish you gud luck... pretty reasonable..
But this daily candle is scaring me off..
Attached Image (click to enlarge)
Click to Enlarge Name: Aus:Usd.. Daily,.png Size: 14 KB

will wait for confirmation.
4H closes below 23%...
but even if it goes up..
Just look for Resistance at 0.9882, 0.9928 and 0.9979..
and you will reach at ur target..
Gud luck.
  • #46,616
  • Jun 7, 2012 11:54pm Jun 7, 2012 11:54pm
mi 1h
Attached Image (click to enlarge)
Click to Enlarge Name: audtr.gif Size: 26 KB
  • #46,617
  • Jun 7, 2012 11:55pm Jun 7, 2012 11:55pm
Quoting Eagle-kid
I wish you gud luck... pretty reasonable..
But this daily candle is scaring me off..
Attachment
will wait for confirmation.
4H closes below 23%...
but even if it goes up..
Just look for Resistance at 0.9882, 0.9928 and 0.9979..
and you will reach at ur target..
Gud luck.
Yeah I know, that shooting star candlestick is a bit of a worry...
Also, US features are trading lower, as is gold, so we shall see...
Expect the unexpected.
  • #46,618
  • Jun 8, 2012 12:11am Jun 8, 2012 12:11am
Quoting DaddyBear
Have you ever heard "stop hunter"? I got the same situation before. Seems to me, MM pushes the price toward the stop zone and triggers all the stops.
Interesting read, thanks for that.
Looking at the 15 min charts I can see stop hunting may have occured at other levels, but given my stop was only breached by a few pips it wasnt the case with my stop.
  • #46,619
  • Jun 8, 2012 12:16am Jun 8, 2012 12:16am
will it bottom out?
Attached Image (click to enlarge)
Click to Enlarge Name: goldn.gif Size: 22 KB
  • #46,620
  • Jun 8, 2012 12:24am Jun 8, 2012 12:24am
Quoting Silencer
will it bottom out?
lol @ chart commentary, i can hear Borat's "NOT!"
Attached Image
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