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AUD/USD

  • #55,941
  • Nov 7, 2012 2:51am Nov 7, 2012 2:51am
Quoting Nachiket
yes precisely. since I don't like to long I am out of it till I see a short setup
Nice!! Keep us posted when you have a nice short setup.

Curious, are you a Day Trader, Swing Trader, or Position Trader?
  • #55,942
  • Nov 7, 2012 2:51am Nov 7, 2012 2:51am
shanghai composite DOWN 0.01% on the day american president elected.

symbolic message.
  • #55,943
  • Nov 7, 2012 2:58am Nov 7, 2012 2:58am
Last line of defense for the insides of the circles. There are time when price respects the outsides of them, though, there are times I'm dead wrong.

Daily
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Play the players, not the cards.
  • #55,944
  • Nov 7, 2012 3:02am Nov 7, 2012 3:02am
Set my a/u limit on 1.04110 last night. Saw MT4 this afternoon with low at 1.04095. Thought I took profit but my stupid broker had it's low at 4115.. What a joke...
  • #55,945
  • Nov 7, 2012 4:53am Nov 7, 2012 4:53am
Quoting fxtyrant
Im gona get soooo much criticism for my bearish stance on the AUDUSD.... i better get the lube ready.....

fromt he looks of this rise... if 1.0550 weekly downward trendline area holds up to be a strong resistance... that will triger a fast sell off....
i am an AUD bear but clearly your timing sucked and now you have some losses to show for it (whether real money or not). unfortunately, with outright options and flat pricing contracts, being right at the wrong time is the kiss of death. i'm dont harbor any ill will toward you but your condescending tone is pretty ridiculous at times.
Any prices quoted are futures
  • #55,946
  • Nov 7, 2012 5:37am Nov 7, 2012 5:37am
Quoting redteamgo
i am an AUD bear but clearly your timing sucked and now you have some losses to show for it (whether real money or not). unfortunately, with outright options and flat pricing contracts, being right at the wrong time is the kiss of death. i'm dont harbor any ill will toward you but your condescending tone is pretty ridiculous at times.
sorry if i come across as condescending but, please do avoid the insulting word... i mean words like "idiots" or muppets are quite acceptable but.... the one you used on me, has a racial reference to it... and it was quite directly related to the rule #1, i hope you're not too offended by the temp suspension, otherwise we can focus on sharing analysis...

Indeed i have jumped the gun big time shorting the AUDUSD.... but i should manage fine
hope your trades are in green too... perhaps you are a littler wiser than me timing your entries better than me...

BTW folks... dont be too optimisting about gold.... apparently Gold toped out at a critical level which would suggest bearish continuation...
http://www.forexfactory.com/attachme...8&d=1352287399
Credits to User: "Bones" from the GBPUSD thread.
http://www.forexfactory.com/showthre...04#post6171404
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,947
  • Nov 7, 2012 5:40am Nov 7, 2012 5:40am
easy scalping chanel, very good
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email me : pipspro88@gmail
  • #55,948
  • Nov 7, 2012 7:04am Nov 7, 2012 7:04am
Still running my short. Waiting the break of 420.
H4 doesn't look very sexy for bulls.
Don't be smart. Be rich.
  • #55,949
  • Nov 7, 2012 7:14am Nov 7, 2012 7:14am
Quoting maximinus
Still running my short. Waiting the break of 420.
H4 doesn't look very sexy for bulls.
and i thought we might be seeing the reaciton up at 1.0550 area on the weekly trend... if this is the top we turn out... we have an immediate Steeper Downwards trend to begin the next mid term trading range.... and it doesnt look good for the AUDUSD bulls if this is the case.... Australia may come back on the chopping board really soon...

Today we see london buying up the Dollar big time.... mostly because the uncertainty over the dollar for the past couple weeks or even months have kept a lid on the US dollar from gaining, now that the elections are over, and president is there.... regardless if it was obama or romney who won... the dollar is going to gain over the Lack of uncertainty after today.

UNTIL.... we start hearing Obama's Policy.... and the fiscal cliff comes into play... Fiscal cliff is great.... reduce deficit, reduce cost on debts to the Federal Bank.... but the shrink in government spending (of which the US may have relied for growth since 2008) MIGHT cause the US to enter a double dip recession period....

So.... is Obama and fiscal cliff a good or bad thing for the US.... we have to wait and see....
but one thing i can already say is that 2013 will be a tough year for US if the fiscal cliff does happen.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,950
  • Nov 7, 2012 7:30am Nov 7, 2012 7:30am
Quoting fxtyrant
and i thought we might be seeing the reaciton up at 1.0550 area on the weekly trend... if this is the top we turn out... we have an immediate Steeper Downwards trend to begin the next mid term trading range.... and it doesnt look good for the AUDUSD bulls if this is the case.... Australia may come back on the chopping board really soon...
90 minutes to wait. If close <420, then bulls are trapped IMO.
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Don't be smart. Be rich.
  • #55,951
  • Nov 7, 2012 7:36am Nov 7, 2012 7:36am
Quoting maximinus
90 minutes to wait. If close <420, then bulls are trapped IMO.
Look at the daily..... worrying signs of a potential bearish candle formation or a Doji at highs....
and i dont see any more important news to suggests an up move left for today....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,952
  • Nov 7, 2012 7:42am Nov 7, 2012 7:42am
Quoting fxtyrant
Look at the daily..... worrying signs of a potential bearish candle formation or a Doji at highs....
and i dont see any more important news to suggests an up move left for today....
need to wait for the AU employment change....IMHO... but i hope within 3 hour it can touch 1.40...
  • #55,953
  • Nov 7, 2012 7:44am Nov 7, 2012 7:44am
Quoting fxtyrant
Look at the daily..... worrying signs of a potential bearish candle formation or a Doji at highs....
and i dont see any more important news to suggests an up move left for today....
Yes.
Ok, whatever you want, but not a doji (bcause it means the price is stalling :-(. I need the break of 420 in the next 1 or 2 hours. If not i'll exit my short and research another pair for trade for Lo afternoon session and Ny open. I'm really very short term player.
Don't be smart. Be rich.
  • #55,954
  • Nov 7, 2012 7:52am Nov 7, 2012 7:52am
Quoting iskandarler
need to wait for the AU employment change....IMHO... but i hope within 3 hour it can touch 1.40...
The au employment change'll be interesting, already forecasted lower than previous and jplaz did mention australia may suffer in the employment with several state already showing contraction
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,955
  • Nov 7, 2012 7:53am Nov 7, 2012 7:53am
Looks like I exited my short scalp way too early. Booked at 1.044 when I should of held for longer. =(

Seems like scalping at the atr limit is a pretty good bet though
  • #55,956
  • Nov 7, 2012 7:55am Nov 7, 2012 7:55am
Last 20 bars on m5, have a 97% correlation with 23rd May 2012 @ 00:05

It ended up a small down move, up again to the starting price and then 27 pip move down over the next 20 bars.

Holding my short from 1.0465x
  • #55,957
  • Nov 7, 2012 7:57am Nov 7, 2012 7:57am
For Iro,
Why have you exited. I don't understand bcz there was no upside break out of your channel. I take into account the atr, if price for exemple is at a support level and I get no sign of the break of the support. that's the way I play ATR in scalping.
Don't be smart. Be rich.
  • #55,958
  • Nov 7, 2012 8:02am Nov 7, 2012 8:02am
Quoting fxtyrant
The au employment change'll be interesting, already forecasted lower than previous and jplaz did mention australia may suffer in the employment with several state already showing contraction
do you think aud will weak through this week? i think soo i keep telling my self it will touch 1.35 no matter what news from aud says
  • #55,959
  • Nov 7, 2012 8:22am Nov 7, 2012 8:22am
Quoting maximinus
For Iro,
Why have you exited. I don't understand bcz there was no upside break out of your channel. I take into account the atr, if price for exemple is at a support level and I get no sign of the break of the support. that's the way I play ATR in scalping.
Well I exited because yesterday's correction was 35 pips from the top, so I exited 35 pips from top today also. There's a 38.2 fib on that level as well as former resis turned support. But the correction turned out to be way deeper than yesterday. I still have a partial long from 1.036 though so I'm still bullish.

I'm guessing it'll go higher tomorrow when the employment reports come out, I'm checking the charts now to see the supports will hold, if it does I'll take a long again for the triple swap and a ride back to the highs tomorrow.
  • #55,960
  • Nov 7, 2012 8:40am Nov 7, 2012 8:40am
Quoting fxtyrant
and i thought we might be seeing the reaciton up at 1.0550 area on the weekly trend...


So.... is Obama and fiscal cliff a good or bad thing for the US.... we have to wait and see....
but one thing i can already say is that 2013 will be a tough year for US if the fiscal cliff does happen.

The funny thing with USD is it strengthens during recession as well as during good growth. It weakens during sluggish growth...

And one more view you may enjoy!!!

Tomorrow's Emp change could be key though...
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