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AUD/USD

  • #53,821
  • Oct 12, 2012 5:20am Oct 12, 2012 5:20am
Quoting bogus
1.0247 is the swing.
E/a doing a good impression of an inverse H&S on 15 minute.
Indeed.

EU to receive Nobel Peace Prize boost E/A and A/U drops. Money is moving around lol.
  • #53,822
  • Oct 12, 2012 5:31am Oct 12, 2012 5:31am
today it will break 200 or 280/90 Aussie loosing ground against nz, gbp,cad,euro...
Mohan
  • #53,823
  • Oct 12, 2012 5:35am Oct 12, 2012 5:35am
Quoting mohan76
today it will break 200 or 280/90 Aussie loosing ground against nz, gbp,cad,euro...
The bears prevails, lesson learned dont trade against the trend and 1.03 was exactly where the downward trendline was at all it needed was 10 pip sl for potential gain at 1.02, great risk reward ratio
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,824
  • Oct 12, 2012 5:55am Oct 12, 2012 5:55am
Sigh, been a frustrating 2 months.

Everytime I Buy/Sell the reversals it comes back and hunt my SL then reverse 50-70 pips.

Risk 2-5%. Tried moving the SL to 25% couple of times and same thing happened.

only have 10% left before blowing my account.
  • #53,825
  • Oct 12, 2012 6:17am Oct 12, 2012 6:17am
Quoting bguguen
The bears prevails, lesson learned dont trade against the trend and 1.03 was exactly where the downward trendline was at all it needed was 10 pip sl for potential gain at 1.02, great risk reward ratio
these days i am trying to avoid trading on Friday ny session , very dangerous
Mohan
  • #53,826
  • Oct 12, 2012 9:05am Oct 12, 2012 9:05am
Quoting Wulfgar
man i def thought I was gonna get some follow through there... wow...

knocked out with another +4... haha

oh well... Im off to bed.. have fun watching this crap battle out
wierd u were knocked out at +4 but yet you had no stops on the chart you posted here or the EA thread. looks like you talked shit to early and got burned so now you are making your exit.

great job buying the top as usual.

dont trade against the money
  • #53,827
  • Oct 12, 2012 9:54am Oct 12, 2012 9:54am
Quoting fxjawn
wierd u were knocked out at +4 but yet you had no stops on the chart you posted here or the EA thread. looks like you talked shit to early and got burned so now you are making your exit.

great job buying the top as usual.

dont trade against the money
I noticed too, any charts?? All i know is he longed against trend and doesnt post his results like i do.... Makes me wonder too
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,828
  • Oct 12, 2012 10:44am Oct 12, 2012 10:44am
Quoting bguguen
Forex trading aint about being humble... im not here to win the best attitude man award....
All i care is make thorough analysis and make sure i go in for the kill when opportunity presents itself.
Need killer instinct in trading forex. You either Kill or be killed.
What make you believe that it was dedicated for you ?
Does the world revolve around your navel ?
Bye-bye.
Don't be smart. Be rich.
  • #53,829
  • Oct 12, 2012 10:49am Oct 12, 2012 10:49am
Quoting bguguen
Forex trading aint about being humble... im not here to win the best attitude man award....
All i care is make thorough analysis and make sure i go in for the kill when opportunity presents itself.
Need killer instinct in trading forex. You either Kill or be killed.
Quoting maximinus
What make you believe that it was dedicated for you ?
Does the world revolve around your navel ?
Bye-bye.
everyone calm down...no need for the fighting and arguing we are all here to help each other make pips
  • #53,830
  • Oct 12, 2012 10:56am Oct 12, 2012 10:56am
Quoting bguguen
like i said.... AUDUSD Under 1.03 is gona stay bearish.
If you cant beat em

http://clip2net.com/s/2odfu
http://clip2net.com/s/2odms

we did talk about this earlier

Quoting bguguen
expert to expert opinion, do you thing AUDUSD would close below 1.0200 this week?? if data releases are bad im intrigued to say we will....
Quoting Wulfgar
B.. much of it depends on the data... If its neutral than I think we close the week around 1.0210

But we should crack the 1.0150 before then and see the 1.0099/1.0125 for a bounce

I agree with jp though... Very bad data can accelerate the current risk off sentiment and I have 1.0033 as the major gatekeeper to the .96 after the 1.099/1.0125 gives way


good SL placement though brother...
  • #53,831
  • Oct 12, 2012 11:32am Oct 12, 2012 11:32am
Quoting bguguen
I noticed too, any charts?? All i know is he longed against trend and doesnt post his results like i do.... Makes me wonder too
this post gets 2 of these :

Ive been making play by play calls in here with you for some time now...

and as far as buying the uptrend... ya.. Ill play the market both ways... but I think my positions and trades speak for themselves B

http://clip2net.com/s/2odLf
  • #53,832
  • Oct 12, 2012 12:00pm Oct 12, 2012 12:00pm
Quoting bguguen
Well done on catching the bull move, but like i said not my style of trading and i've proved it today....
still Green pips to you and me... Maybe we shall see 1.02 being busted next week....
btw where them bulls at now huh?
BTW wulfgar, now i got meself another enemy, his name is maximinus (sorry if i mis-spelt his name but then again i dont give a fuck)
This business is a dog eat dog business and im not here to make anyone feel good, if people dont listen... let them learn...
Anyways account balance UP again this week and Equity caught back to...
We all have our own styles brother and I understand what you are saying. Personally I am doing fine without the dog eat dog mentality and attacking everyone that comes around. I have haters and naysayers like anyone else here. I understand the struggle all to well that comes with the business so in that regard I choose the higher path of being kind to people since I know they are fighting a hard fight. But Ive put in a ton of hard work to finally turn a corner of consistent profitability and I know how hard it is. Hence my quote.

In truth what helped me the most was eliminating the naysayers and negative influences in my life. Some people just are broken souls and want to watch the world burn.

I do have 2 accounts due to fifo... thats why you see my longs on one type of chart and my short trades on another if they are of the same pair.
I wont share personal account info with anyone. Im sorry, its just not my style. Id like to think my calls an numbers before the trades happen speak for themselves and the charts I back it up with the lend enough credibility. Hopefully we can still remain friends and share Ideas and trade sentiment.

I like this forum but if all it does is promote hate, envy, jealousy and seperation then Ill find somewhere else more conducive to my goals.

great job staying in the green this week my man take care trading Cable, she is a nasty one

Wulf
  • #53,833
  • Oct 12, 2012 12:10pm Oct 12, 2012 12:10pm
Quoting Wulfgar
We all have our own styles brother and I understand what you are saying. Personally I am doing fine without the dog eat dog mentality and attacking everyone that comes around. I have haters and naysayers like anyone else here. I understand the struggle all to well that comes with the business so in that regard I choose the higher path of being kind to people since I know they are fighting a hard fight. But Ive put in a ton of hard work to finally turn a corner of consistent profitability and I know how hard it is. Hence my quote.

In truth what...
We're still friends dont worry... its people in here who just shouts a random number that pisses me off... when im trying to post analysis to help new traders understand what and what not to do.... You get people coming in and posting shit like "LONG TP 1.10" and not even backing it up with chart analysis is what pisses me off because these shitty calls confuses new traders, traders im sincerely trying to help out putting all that effort on my charts to show them whats going on....

If you get to know me in person, im not a bad person, i do admit im not a classy person since im still young but ill acquire in time....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,834
  • Oct 12, 2012 12:42pm Oct 12, 2012 12:42pm
lol....have a good weekend all.
  • #53,835
  • Edited 2:33pm Oct 12, 2012 1:31pm | Edited 2:33pm
Hey Postino,

I recommend you do the following

A. Take a sheet of your last 20 trades and see where it is you are messing up on. I personally take a screenshot of all MY trades from entry to exit so I can learn how to gain better entry and insight.

B. Demo trade and be as realistic as possible until you are profitable for a few weeks or feel your back in synch with the market.

C. Trade less or like above take a break because you will be Revenge trading. Until you replenish your account (if you decide to) look to separate yourself from the markets for a week at minimum.

You will do well but first you have to identify the problem before you can proceed. Look at your last 20 trades and ask yourself where is this system causing me to lose.

Good luck my friend.
  • #53,836
  • Oct 12, 2012 1:48pm Oct 12, 2012 1:48pm
I hope this thread does not lose posters like the Cartoon AUD is going through because of fights and disagreements. Its one thing to debate on a move its another to say THIS IS GOING TO HAPPEN ECT ECT.

Let's all be clear those talking about economics as if it is an exact science and supply quickly meets demand or the the various forecasting models for exchange rates all have one problem (they assume an equilibrium price over time wtevr that means) At the end of the day the only way you one up your opponent or the other side of the fence is by your ROE%

People forget that this market (experiment) is less than 40 years old. In that time we had many currency crises some were adverted by the monetary authorities and others are still feeling the affects to this day. People like to talk about these models or say when this happens x than y will occur sending the base currency up or down overtime. They left out however the S in their formula, and that S=Stimulus. This will be written down in the new finance/econ books in the future but it is a rare dimension we are in where all the central banks are intervening in great amounts at one time. They are not going anywhere anytime soon and will be dictating prices for some time so those who think economic models or forecasting bands will prevail are in for a surprise and will be treated accordingly by the markets if your on the right side or the wrong side.
  • #53,837
  • Oct 12, 2012 1:50pm Oct 12, 2012 1:50pm
Trade summary part 1 - AUDNZD

Waited for 4 days before the price reaches 1.2500 on Thursday. I went short at 1.2517. However, i felt uneasy about this trade. And i went in and out of this trade quickly. Reason being despite the recent rate cut for AUD, AUDUSD remained strong and trended up well. Looking at the AUDUSD chart, it trended up from Monday to Thursday. Only on Friday it went down after failing to break above 1.0300. With the price action for AUD being strongly bullish for this week, i decided not to fight against the trend. Always leave the trading account intact to trade another trade.

http://i50.tinypic.com/2vay58i.png

___________________________________________________________________

Trade summary part 2 - AUDUSD

One of the reasons for the uneasiness on shorting AUDNZD was this. I attempted to short AUDUSD twice this week. First attempt show me a small loss. Second attempt was a breakeven trade. These 2 trades give me a strong hint that AUDUSD is trending up, and it is not ready to go down. Maybe AUDUSD will be ready to trend down for week 42?

http://i49.tinypic.com/kb3o83.png
  • #53,838
  • Oct 12, 2012 2:27pm Oct 12, 2012 2:27pm
Quoting jplazard
I hope this thread does not lose posters like the Cartoon AUD is going through because of fights and disagreements. Its one thing to debate on a move its another to say THIS IS GOING TO HAPPEN ECT ECT.

Let's all be clear those talking about economics as if it is an exact science and supply quickly meets demand or the the various forecasting models for exchange rates all have one problem (they assume an equilibrium price over time wtevr that means) At the end of the day the only way you one up your opponent or the other side of the fence is by...
Very well said, what we have is a sort of capitalism with a side of communism thrown in there, kinda like a hidden SL.. market knows its there but you can't prove it until you hit it.
  • #53,839
  • Oct 12, 2012 2:32pm Oct 12, 2012 2:32pm
couple of trades all buying audyen, up slightly, around 1pct of my account this week.

i will continue buying aud.
  • #53,840
  • Oct 12, 2012 2:36pm Oct 12, 2012 2:36pm
Quoting ForexMGames
Trade summary part 1 - AUDNZD

Waited for 4 days before the price reaches 1.2500 on Thursday. I went short at 1.2517. However, i felt uneasy about this trade. And i went in and out of this trade quickly. Reason being despite the recent rate cut for AUD, AUDUSD remained strong and trended up well. Looking at the AUDUSD chart, it trended up from Monday to Thursday. Only on Friday it went down after failing to break above 1.0300. With the price action for AUD being strongly bullish for this week, i decided not to fight against the trend. Always leave...
I don't see it trending up when you look at the H4 making lower highs and lower lows
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