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AUD/USD

  • #53,321
  • Oct 7, 2012 9:40pm Oct 7, 2012 9:40pm
Quoting jplazard
Bguguen,

I agree on DB. I don't comment on him anymore although I do get frustrated when he talks about the big boys or the institutions like he knows what they do. He never worked for an Ibank and it shows, so for him to say the big boys dont know how to pick tops/bottoms I will take the other side of that trade 100%. Not to mention he has been saying this level since AUG and has been talking about EW (which has been redrawn several times)

Sep30 post by DB.
In my earlier posts, I indicated S2 could be the point of return. Those big boys like...
Forget it dude... he's just another fart in the wind.... meanwhile looking at my Trades WOO HOO nice gains!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,322
  • Oct 7, 2012 9:46pm Oct 7, 2012 9:46pm
Nice trades i see that and to others here last week who were in and out several times hats off... My position trade is about to exceed 70K unrealized and unless my target does not reach the trade is a failure in my eyes.
  • #53,323
  • Oct 7, 2012 9:50pm Oct 7, 2012 9:50pm
I am looking for the mid 90's next year and the next cut should keep us below 1.00 for some time but I am looking at 1.0050 as a very key level give/take a few each way it is a big reversal ABC retrace so I will see if it actually retraces back up a bit. Only then will I hit the offers hard and not just on spot/futures but on options/equities/debt ect like my journal states on the first page.
  • #53,324
  • Oct 7, 2012 10:05pm Oct 7, 2012 10:05pm
nice JP,
well done.. im jealous..
i'm still learning.. hope can be like most of you here soon..
will try to share and ask questions and hope you guys can help me




Quoting jplazard
I am looking for the mid 90's next year and the next cut should keep us below 1.00 for some time but I am looking at 1.0050 as a very key level give/take a few each way it is a big reversal ABC retrace so I will see if it actually retraces back up a bit. Only then will I hit the offers hard and not just on spot/futures but on options/equities/debt ect like my journal states on the first page.
  • #53,325
  • Oct 7, 2012 10:30pm Oct 7, 2012 10:30pm
Quoting HelloOz
nice JP,
well done.. im jealous..
i'm still learning.. hope can be like most of you here soon..
will try to share and ask questions and hope you guys can help me
we'll do our best to help, we all are on the learning curve here but dont go cocky on people whos trying to help you
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,326
  • Oct 7, 2012 10:38pm Oct 7, 2012 10:38pm
Thanks Bg,

i am not that sort of person..





Quoting bguguen
we'll do our best to help, we all are on the learning curve here but dont go cocky on people whos trying to help you
  • #53,327
  • Oct 7, 2012 10:45pm Oct 7, 2012 10:45pm
Put in the time and dedication. You might have a family or other responsibilities to tend to but take as much free time as your offered to learn from the screens and find your system. Trade what you feel comfortable with and don't ever feel the need to be in a hurry as that is a killer of accounts. No need to trade everyday, remember WHEN you go full time if that is your goal separate yourself from the 9to5 mentality of making money everyday wait for the best setups.
  • #53,328
  • Oct 7, 2012 10:48pm Oct 7, 2012 10:48pm
JP where is ur position trade from?

I had a position zone up around the 1.0600 and the 351 was a critical position trader level.... i absolutely agree with you about the 1.0033/1.0050 level
  • #53,329
  • Oct 7, 2012 10:54pm Oct 7, 2012 10:54pm
i have been trading since 2008 but just recently trading forex.
i am shorting everything from BHP RIO to David Jones.

but forex takes alot of time as its a 24/7 business.



Quoting jplazard
Put in the time and dedication. You might have a family or other responsibilities to tend to but take as much free time as your offered to learn from the screens and find your system. Trade what you feel comfortable with and don't ever feel the need to be in a hurry as that is a killer of accounts. No need to trade everyday, remember WHEN you go full time if that is your goal separate yourself from the 9to5 mentality of making money everyday wait for the best setups.
  • #53,330
  • Oct 7, 2012 10:55pm Oct 7, 2012 10:55pm
Wulfgar,

I was in and out in September and most of August than got out . But the majority of the position was put immediately after the cut only adding once last week on the spot side.

http://www.forexfactory.com/showthre...08#post6059608

http://www.forexfactory.com/showthre...13#post6059613

I believe this is a double top and we will see 0.96 soon(not betting on this year though but anything is possible) also looking for a DEC CUT to keep us around parity and a bit below.


To those who I have spoken to who are short from 1.06
  • #53,331
  • Oct 7, 2012 11:33pm Oct 7, 2012 11:33pm
Quoting jplazard
Wulfgar,

I was in and out in September and most of August than got out . But the majority of the position was put immediately after the cut only adding once last week on the spot side.

http://www.forexfactory.com/showthre...08#post6059608

http://www.forexfactory.com/showthre...13#post6059613

I believe this is a double top and we will see 0.96 soon(not betting on this year though but anything is possible) also looking for a DEC CUT to keep us around parity and a bit below.


[b]To those who I have...
Nah the pleasure is all mine... it was inevitable... that 1.06 was gona be the top... we establishe the top of the range around there and when we tested it... we had a strong reversal pattern at the top which was a bearish doji, thats why things starting to fall... i trade these pattern but i needed to wait for RSI confirmation and also EMA rollovers.

Anyways from the looks of the news... China got downgraded by world bank in growth forecasts. this will put pressure for china to lower interest rates and this would also put pressure on Australia to lower theirs as well....
i will also PAY full attention to this Thursday's figure for the AUDUSD... Keep a close eye on Unemployment rate and not the Empoyment change figures...
You can add 1k job but Unemployment rate could still rise... thats the reasoning.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,332
  • Oct 7, 2012 11:42pm Oct 7, 2012 11:42pm
You don't have to tell me about jobs just look at the US numbers on Friday lol

On Dollar Index forgot to mention last week on Friday at the close we settled at exactly the 78.6 ytd retrace. Until we break this level lower and close below it the risk off sentiment will only gain steam (enter spain )
Attached Image (click to enlarge)
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  • #53,333
  • Oct 8, 2012 1:02am Oct 8, 2012 1:02am
Quoting macroman
yes, that is what i am looking for to start my longterm long position.

my technical view, which is not primary driver but handy to set stops. sorry if not clear as it is first time i attached picture.
in my opinion,you have to wait for 1.0180 AT LEAST.
A chart helps those who can read it.
  • #53,334
  • Oct 8, 2012 1:13am Oct 8, 2012 1:13am
Futures is getting hammered on the top side new 10c coming in as it hits 1.01 just took out the Friday low and triggered some buys/stops we will see how NY decides
  • #53,335
  • Oct 8, 2012 1:22am Oct 8, 2012 1:22am
Quoting jplazard
Wulfgar,

I was in and out in September and most of August than got out . But the majority of the position was put immediately after the cut only adding once last week on the spot side.

http://www.forexfactory.com/showthre...08#post6059608

http://www.forexfactory.com/showthre...13#post6059613

I believe this is a double top and we will see 0.96 soon(not betting on this year though but anything is possible) also looking for a DEC CUT to keep us around parity and a bit below.


To those who I have spoken...
Ive agreed with your sentiment.. I am not as heavily a fundie trader as yourself... but i do keep my eye on sentiment and the macroecon of the countires whose currencies i trade

http://clip2net.com/s/2nfSu

pushing to that 1.0126/1.0099 area to TP that big cluster of sells if PA tells me to get out


http://clip2net.com/s/2nfTM

still holding these positions... the .96 is a good target... I ALWAYS wait for PA to tell me when to flip my trades... as they get deeper into profit i just follow them with larger PA into larger channels... I never get every last pip...but i get close ...
  • #53,336
  • Oct 8, 2012 1:22am Oct 8, 2012 1:22am
Quoting jplazard
Futures is getting hammered on the top side new 10c coming in as it hits 1.01 just took out the Friday low and triggered some buys/stops we will see how NY decides
Hey JP,

Just curious, are the US financial institutions and markets open today with it being Columbus Day?
  • #53,337
  • Oct 8, 2012 1:40am Oct 8, 2012 1:40am
Yes they are open today and NY opens/es
up as normal.1460 is nice resistance for the last couple weeks
  • #53,338
  • Oct 8, 2012 1:43am Oct 8, 2012 1:43am
Quoting jplazard
Yes they are open today and NY opens/es
up as normal.1460 is nice resistance for the last couple weeks
Cool. Thanks for the confirmation.
  • #53,339
  • Oct 8, 2012 3:38am Oct 8, 2012 3:38am
Quoting jplazard
Nice trades i see that and to others here last week who were in and out several times hats off... My position trade is about to exceed 70K unrealized and unless my target does not reach the trade is a failure in my eyes.

Wow... 70k.. Good job bro! I can't imaginen being at your level yet, but I can't wait to get there either. Those are some good inspiring numbers that show that trading for a living definately is a reality!!
Luck has no place in trading. Leave that for the poker table.
  • #53,340
  • Oct 8, 2012 6:39am Oct 8, 2012 6:39am
Just loaded another short... Open TP and SL just above the 38.2% fib at 1.0226, SL at 1.0230
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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