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AUD/USD

  • #52,261
  • Sep 11, 2012 12:26am Sep 11, 2012 12:26am
Quoting smilemiz
do u close it? do u?
why not just hold it? it s a nice level price for shorting
  • #52,262
  • Sep 11, 2012 12:58am Sep 11, 2012 12:58am
Holding a short from 1.0360.

Now this flag thing worries me....
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  • #52,263
  • Sep 11, 2012 1:10am Sep 11, 2012 1:10am
Looking to buy around 1.0275-90. Tight stops
You should thank me, I take the other side of your winning trades.
  • #52,264
  • Sep 11, 2012 6:13am Sep 11, 2012 6:13am
AUD/USD Gets A Lift With Help From EUR/AUD Sales

Up at day’s highs now around 1.0372 amid talk in the streets that the Dutch AAA name is selling EUR/AUD. Decent offers await on the approach of 1.0400 with technical resistance above at 1.2438 ( 200 day MA)

The cross is just off Far Eastern lows of 1.2338 with the pair trading around 1.2348. There are bids sitting down at 1.2300.10 level which also houses the 100 day MA at 1.2306.
  • #52,265
  • Sep 11, 2012 6:20am Sep 11, 2012 6:20am
do aud still has chance to bearish?

should I wait to 1.0444???

aud is confusing me now
  • #52,266
  • Sep 11, 2012 6:29am Sep 11, 2012 6:29am
If the FED in FOMC this Friday comes out with QE or another form of stimulus, USD may take a beating and push AUD higher.
  • #52,267
  • Sep 11, 2012 6:51am Sep 11, 2012 6:51am
Quoting Psdp
do aud still has chance to bearish?

should I wait to 1.0444???

aud is confusing me now
It is worth waiting till after thursday...
If you think you can or cannot do it you are correct
  • #52,268
  • Sep 11, 2012 7:00am Sep 11, 2012 7:00am
I knew I didnt like the short anymore that triangle forming during Asia was ugly I will reshort at the- area for the bigger fall..Still no ABC on the upside but once we get failure from QE3 again this week we should see more sideways action from ES or down.

http://www.forexfactory.com/showthre...93#post6000693
Attached Image (click to enlarge)
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  • #52,269
  • Sep 11, 2012 7:19am Sep 11, 2012 7:19am
Quoting jplazard
I knew I didnt like the short anymore that triangle forming during Asia was ugly I will reshort at the- area for the bigger fall..Still no ABC on the upside but once we get failure from QE3 again this week we should see more sideways action from ES or down.

http://www.forexfactory.com/showthre...93#post6000693
Hello JP,

How do you exactly call it as a triangle?? It doesn't seem to me so. May I know how did you consider it??
  • #52,270
  • Sep 11, 2012 7:56am Sep 11, 2012 7:56am
Hello FX,

Mostly it was due to the fact we bounced off of the Weekly ABC pattern set so far the 88.6% exntension was hit 1.0322 and we were seeing consolidation from Thursday/Friday spike. Also it was intuition that this spike has a bit more leges near 1.04-1.0440

I said to myself this look an awful lot like this http://stockcharts.com/help/doku.php...ennant_continu
and that I rather be flat than short at this level because that ABC is powerful when it is drawn correctly. I will reshort but wait for the levels mentioned several hours ago for
Attached Image (click to enlarge)
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  • #52,271
  • Sep 11, 2012 8:12am Sep 11, 2012 8:12am
Quoting jplazard
Hello FX,

Mostly it was due to the fact we bounced off of the Weekly ABC pattern set so far the 88.6% exntension was hit 1.0322 and we were seeing consolidation from Thursday/Friday spike. Also it was intuition that this spike has a bit more leges near 1.04-1.0440

I said to myself this look an awful lot like this http://stockcharts.com/help/doku.php...ennant_continu
and that I rather be flat than short at this level because that ABC is powerful when it is drawn correctly. I will reshort...



I held my short even though I knew there was a wonderful bull flag (#52266). As expected, it burned.

The biggest mistake of mine. After I take a trade, even if I found I was wrong I won't close it. Damn me

I ain't taking any trade before German Court ruling tomorrow.


ADD: BTW, thanks for the link !!!
  • #52,272
  • Sep 11, 2012 8:59am Sep 11, 2012 8:59am
The big SHORT is coming I took the inital position sor far on AUD/USD and will start on AUD futures later today.. Here is the short levels and my short entries going into this week..

I fully expect to be down today a bit and tomorrow when the hype of German court wares off..this is the inital short for what wil be a much larger position and correction that is coming in the pipeline
Attached Image(s) (click to enlarge)
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Attached Image
  • #52,273
  • Sep 11, 2012 9:23am Sep 11, 2012 9:23am
Quoting jplazard
The big SHORT is coming I took the inital position sor far on AUD/USD and will start on AUD futures later today.. Here is the short levels and my short entries going into this week..

I fully expect to be down today a bit and tomorrow when the hype of German court wares off..this is the inital short for what wil be a much larger position and correction that is coming in the pipeline
wow...
  • #52,274
  • Sep 11, 2012 9:32am Sep 11, 2012 9:32am
Too much confidence mate. Just my two cents, I'm banking on 1.07 and maybe way above if China steps in at the same time the Verfassungsgericht gives it's green light and BB announces QE3.
I'm not shorting before 1.1200
Don't get mad, get even!
  • #52,275
  • Sep 11, 2012 9:36am Sep 11, 2012 9:36am
Quoting smilemiz
wow...
altogether... 104 lots... wow...

u beat me at 15 lots at 1.06... how nice
  • #52,276
  • Sep 11, 2012 9:39am Sep 11, 2012 9:39am
Michelle you will get there as will everyone else here who puts in the time and treats this like what it really is a job... Those who draw cartoons and think this should be a fun time and treat it as a hobby will never go full time and will revert to selling crappy systems and websites to supplement their losing trading account..
  • #52,277
  • Sep 11, 2012 9:39am Sep 11, 2012 9:39am
Quoting stulic
Too much confidence mate. Just my two cents, I'm banking on 1.07 and maybe way above if China steps in at the same time the Verfassungsgericht gives it's green light and BB announces QE3.
I'm not shorting before 1.1200
hmmm......

no... he knows .... and i know him...

..
  • #52,278
  • Sep 11, 2012 9:41am Sep 11, 2012 9:41am
Quoting jplazard
Michelle you will get there as will everyone else here who puts in the time and treats this like what it really is a job... Those who draw cartoons and think this should be a fun time and treat it as a hobby will never go full time and will revert to selling crappy systems and websites to supplement their losing trading account..
5 stars

So thats why I told you....THE POWER OF FORUM!
  • #52,279
  • Sep 11, 2012 9:46am Sep 11, 2012 9:46am
Quoting smilemiz
altogether... 104 lots... wow...

u beat me at 15 lots at 1.06... how nice
but i am gonna put 30 lots more later with one condition...on chat...
  • #52,280
  • Sep 11, 2012 9:49am Sep 11, 2012 9:49am
Quoting jplazard
The big SHORT is coming I took the inital position sor far on AUD/USD and will start on AUD futures later today.. Here is the short levels and my short entries going into this week..

I fully expect to be down today a bit and tomorrow when the hype of German court wares off..this is the inital short for what wil be a much larger position and correction that is coming in the pipeline
You confident there will be no Easing from the Fed and German Court to say NO? Or you have anticipated that's the highest this pair will go as shown in your chart whatever the outcome for both cases? Or based on the economy outlook for Aussie and China? Just curious.
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