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AUD/USD

  • #52,861
  • Oct 2, 2012 1:12am Oct 2, 2012 1:12am
This is a pdf that was posted somewhere here on FF..

It is great for visually training yourself to see some price action.
Attached File(s)
File Type: pdf Cloggie lesson on 073010.pdf   346 KB | 565 downloads
Luck has no place in trading. Leave that for the poker table.
  • #52,862
  • Oct 2, 2012 1:19am Oct 2, 2012 1:19am
Cloggie what a wise man...
  • #52,863
  • Oct 2, 2012 1:31am Oct 2, 2012 1:31am
Quoting Mr.C
Hey guys. The aussie situation update here. Didn't put any TP orders on Friday and that might be a slight mistake. TP2 @ 1,0330 has been reached tonight and no actions from my side as I was simply asleep. Will hold the position for some time. Todays PA should show more. And even if the main move of the day stays 'UP' for the day - my SL is safe. 2% (75 pips) floating.
Hi people. My last stop reached. The decision to leave the position active was right. The price did come back to TP3 @ ~1,0300 (lower TL) after fully filling yesterdays ADR. I have closed it for 141 pip (4,4%) as we have already filled todays ADR too. Risk reward ratio = 1/4.4.


Wish you all a nice and profitable day.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd_121002_h1.gif Size: 22 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #52,864
  • Oct 2, 2012 1:33am Oct 2, 2012 1:33am
If people who are position traders start to fret about a little retrace of 50-60pips refer to your trading bible and by that I mean Market Wizards look at Bruce Kovner, or PTJ or even Bill Lipschutz and remember the currency trades they took and the time to fruition

(Dont have the books? PM if you want the PDF's)
  • #52,865
  • Oct 2, 2012 1:34am Oct 2, 2012 1:34am
Mr C great trade this week so far. hats off
  • #52,866
  • Oct 2, 2012 1:39am Oct 2, 2012 1:39am
Quoting jplazard
Mr C great trade this week so far. hats off
Thanks man. I like this saying: there will be more! For all of us. Have a nice one bud!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #52,867
  • Oct 2, 2012 2:04am Oct 2, 2012 2:04am
Quoting Mr.C
Hi people. My last stop reached. The decision to leave the position active was right. The price did come back to TP3 @ ~1,0300 (lower TL) after fully filling yesterdays ADR. I have closed it for 141 pip (4,4%) as we have already filled todays ADR too. Risk reward ratio = 1/4.4.


Wish you all a nice and profitable day.

I have to learn to be more patient...
Don't be smart. Be rich.
  • #52,868
  • Oct 2, 2012 2:09am Oct 2, 2012 2:09am
Quoting maximinus
I have to learn to be more patient...
You will man. Don't worry. The other thing is that it is all good if you have followed your plan. Then it is nothing to do with the patience. You had it, the zone has been reached - that's it. Aussie might still be traveling south but I won't even look at it as it has been my decision based upon my trading plan.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #52,869
  • Oct 2, 2012 2:10am Oct 2, 2012 2:10am
Quoting Pair-me-up
This is a pdf that was posted somewhere here on FF..

It is great for visually training yourself to see some price action.
Appreciate this mate!
  • #52,870
  • Oct 2, 2012 2:12am Oct 2, 2012 2:12am
Quoting Wulfgar
watching the 1.0300-1.0277 area for a hiccup from this move...

if we break it the 1.0248 is up next

then the major is the 1.0200-1.0170
Closed all at 1.0294... mostly because Im tired

3 positions net profit 3% and 165 pips

will allow the 1.0277/1.0300 area to sort out now
  • #52,871
  • Oct 2, 2012 2:17am Oct 2, 2012 2:17am
Quoting jplazard
If people who are position traders start to fret about a little retrace of 50-60pips refer to your trading bible and by that I mean Market Wizards look at Bruce Kovner, or PTJ or even Bill Lipschutz and remember the currency trades they took and the time to fruition

(Dont have the books? PM if you want the PDF's)
Yes very correct, if position trade taken then need to allow for pullbacks.
  • #52,872
  • Oct 2, 2012 2:32am Oct 2, 2012 2:32am
A bit early but we could retrace soon and test some retrace levels
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-02-TOS_CHARTS.jpg Size: 212 KB
  • #52,873
  • Oct 2, 2012 2:58am Oct 2, 2012 2:58am
Quoting jplazard
A bit early but we could retrace soon and test some retrace levels
This is a solid level we are testing.. price is staying here for a reason...

Im not hanging around forever though... a close below the 1.0351 on the daily opens up the 1.0031 IMO

Its late and i gotta get some sleep....

bb for NY roll to check on where we land...

Wulf
  • #52,874
  • Oct 2, 2012 3:24am Oct 2, 2012 3:24am
<<<< Z
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  • #52,875
  • Oct 2, 2012 4:28am Oct 2, 2012 4:28am
Quoting 100PipsADay
Never underestimate the "Carry Trade."

*Due to the fact that a .25% rate cut has already been priced in roughly 65% during the past few weeks if they cut rates the AUD should weaken.

However, if they DON'T cut rates, I would expect a quick spike upwards.

Obviously if they cut rates, the longer term trade will be to short, but if they don't cut rates today, I would expect a violent spike towards the upside later today.

Often times fundamental data moves in correlation with the technicals, and right now the AUD is gaining strength against...
Down goes aussie and it aint surprising.... this pair has been incredibly predictable...
expecting to see parity in a week or 2,
Sorry i cant post charts but my daily time frame shows the Drop TO THE PIP
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #52,876
  • Oct 2, 2012 7:36am Oct 2, 2012 7:36am
AUD down on RBA interest rate cute
  • #52,877
  • Oct 2, 2012 9:47am Oct 2, 2012 9:47am
Quoting nahman
AUD down on RBA interest rate cute
Yea i know... Thats why i said they will drop rates in the first place
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #52,878
  • Edited 11:51am Oct 2, 2012 11:38am | Edited 11:51am
Morning everyone

Remember dont fight this week. Unless Spain comes out with a bailout the risk will increasingly shift off. AU is going to fall and this is not just the beginning either. Dont listen to cartoons or CNBC pundits look at your charts, turn them off, and ask yourself what would make AUD/USD a bull? what fundamentals do you need to see in order for a bull to arrive?

Me I am sitting on my shorts and my hands I need to see much better trade data, stimulus come down and show up in the econ releases, Spain asks for program assistance, Dollar breaks below 78.6% on YTD fib chart
  • #52,879
  • Oct 2, 2012 11:43am Oct 2, 2012 11:43am
Yes!

Do not listen to anyone just follow your strategy! Trust in yourself!
  • #52,880
  • Oct 2, 2012 11:54am Oct 2, 2012 11:54am
Quoting jplazard
Morning everyone

Remember dont fight this week. Unless Spain comes out with a bailout the risk will increasingly shift off. AU is going to fall and this is not just the beginning either. Dont listen to cartoons or CNBC pundits look at your charts, turn them off, and ask yourself what would make AUD/USD a bull? what fundamentals do you need to see in order for a bull to arrive?

Me I am sitting on my shorts and my hands I need to see much better trade data, stimulus come down and show up in the econ releases, Spain asks for program assistance,...
was it you who said RBA wont lower interest rate to me last night or sth??
so now people start to believe fundamentals on AUDUSD now??
indeed you are correct.... no reason for AUDUSD being this strong if China demands less and less of Australia's produces...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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