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AUD/USD

  • #56,081
  • Nov 8, 2012 8:57am Nov 8, 2012 8:57am
Still short the AUD/USD - Just enter to re-short the AUD/CAD

http://i.imgur.com/IrCXS.png
  • #56,082
  • Nov 8, 2012 9:47am Nov 8, 2012 9:47am
Quoting fxtyrant
Speculators are the successful 5% in the Group of Traders, Speculators do not Follow They Lead... Followers are those who die...
Good luck to you.
im still giving u benefit of doubt but only after 6 months until then ur not in that 5% ur in the 95% that lose
  • #56,083
  • Nov 8, 2012 10:11am Nov 8, 2012 10:11am
Quoting Compulsive
Still short the AUD/USD - Just enter to re-short the AUD/CAD

http://i.imgur.com/IrCXS.png
Still short and added more at 1.03999....
  • #56,084
  • Nov 8, 2012 10:17am Nov 8, 2012 10:17am
Quoting Compulsive
Still short and added more at 1.03999....
Well done.
1) I'm long cad,it's going fine
2) I'm short cadjpy, it's going very fine
3) I'm heavy short aud, it's not going fine :-( It needs to break the 415/400 level.

We trade the same idea.
Don't be smart. Be rich.
  • #56,085
  • Nov 8, 2012 10:20am Nov 8, 2012 10:20am
yeap....it sucks when the AUD sits

http://i.imgur.com/Neacu.png
  • #56,086
  • Nov 8, 2012 10:23am Nov 8, 2012 10:23am
Quoting Compulsive
yeap....it sucks when the AUD sits
It will break. Patience....
Don't be smart. Be rich.
  • #56,087
  • Nov 8, 2012 10:23am Nov 8, 2012 10:23am
Quoting Compulsive
Still short the AUD/USD - Just enter to re-short the AUD/CAD
i made 25% on AUDCAD 3 days ago, shorting, but closed... CAD is weak in front of AUD, it's pretty inexplicable, but that's life.
now i'm watching this pair again, it went up in the last hour, this is also very dangerous, for me at least, i use high leverage, i have a small sum.
I'll shop after the drop
  • #56,088
  • Nov 8, 2012 10:25am Nov 8, 2012 10:25am
Quoting maximinus
It will break. Patience....
I have an idea, I exit my aud short, and just after it will tank What do you think ?
Don't be smart. Be rich.
  • #56,089
  • Nov 8, 2012 10:27am Nov 8, 2012 10:27am
Quoting maximinus
It will break. Patience....
yeap, but should the CAD congest and then the AUD increases I will be screwed and stopped out (1.0450). If not target at 1.000...around there. Time will tell.
  • #56,090
  • Nov 8, 2012 10:29am Nov 8, 2012 10:29am
Quoting maximinus
I have an idea, I exit my aud short, and just after it will tank What do you think ?
it is those freaking emotions that get involve in trading. It happens to me as well
  • #56,091
  • Nov 8, 2012 10:43am Nov 8, 2012 10:43am
Hi all,
how do you use trailing stop, is there any specific method or tech for calcuting the point for trail. Or do you use an arbitrary point ?
Any advice for a noob like me will be very appreciated. Yes that's the first time I'm going to use it (on my cadjpy) !!! Champagne for all. A new first step in the forex for me
Thanks.
Don't be smart. Be rich.
  • #56,092
  • Nov 8, 2012 10:53am Nov 8, 2012 10:53am
Quoting maximinus
Hi all,
how do you use trailing stop, is there any specific method or tech for calcuting the point for trail. Or do you use an arbitrary point ?
Any advice for a noob like me will be very appreciated. Yes that's the first time I'm going to use it (on my cadjpy) !!! Champagne for all. A new first step in the forex for me
Thanks.

I use points on the chart that I "feel" there might be support and resistance

http://i.imgur.com/VLfRZ.png
  • #56,093
  • Nov 8, 2012 11:01am Nov 8, 2012 11:01am
Quoting Compulsive
I use points on the chart that I "feel" there might be support and resistance
Remember that I'm smart but not quick So I'm not understanding clearly. My entry is at the yellow level 80.15. How many pips do I ideally use for my trailling stop ? Is the ATR is a good criteria for determining the trail ????
Attached Image (click to enlarge)
Click to Enlarge Name: trail stop.gif Size: 11 KB
Don't be smart. Be rich.
  • #56,094
  • Nov 8, 2012 11:01am Nov 8, 2012 11:01am
Quoting 100PipsADay
Go to your profile

Under "Controls" you will see "Ignore List"

Then add "FxTyrant" to Ignore list.

Done.

Hey mate how are you. How is the aussie treating you. PA is confused like me. Monetary policy report might show us the next direction.
  • #56,095
  • Nov 8, 2012 11:10am Nov 8, 2012 11:10am
Quoting Nachiket
Hey mate how are you. How is the aussie treating you. PA is confused like me. Monetary policy report might show us the next direction.
Hey Nachiket!

I'm doing good bro. Closed out my AUD/JPY and GBP/JPY longs as price action was pretty choppy. However, I'm short GBP/AUD and EUR/AUD.

Very nice down trend on monthly and weekly time frames. Just got a few nice entries yesterday using the Daily chart for entry points. Currently up about 200 pips combined for all the positions.

I'm staying away from USD pairs at the moment, a bit confusing for the time being. Going to wait for a breakout...

Hope all is well with you mate!

Below are Daily EUR/AUD and Daily GBP/AUD:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD D1.jpg Size: 201 KB
Click to Enlarge Name: GBPAUD D1.jpg Size: 208 KB
  • #56,096
  • Nov 8, 2012 11:11am Nov 8, 2012 11:11am
I think AUDUSD is just sliding slowly to its target. Yes there are two possibilities for the target , but most probably the pairs seems to be going upwards...While continuing its bullish trend it might retrace a little just to touch the fan suport level and use it as a bounce-up level...But a bigger possibility is to go upwards directly to the target (the intersection of the channels and the fan resistence) ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 29 KB
Click to Enlarge Name: audusd2.gif Size: 31 KB
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #56,097
  • Nov 8, 2012 11:13am Nov 8, 2012 11:13am
Quoting 100PipsADay
Hey Nachiket!

I'm doing good bro. Closed out my AUD/JPY and GBP/JPY longs as price action was pretty choppy. However, I'm short GBP/AUD and EUR/AUD.

Very nice down trend on monthly and weekly time frames. Just got a few nice entries yesterday using the Daily chart for entry points. Currently up about 200 pips combined for all the positions.

I'm staying away from USD pairs at the moment, a bit confusing for the time being. Going to wait for a breakout...

Hope all is well with you mate!

Below are Daily EUR/AUD and Daily GBP/AUD:
GBP surely is going to hell. GBP/AUD short may prove to be a good trade.
  • #56,098
  • Nov 8, 2012 11:20am Nov 8, 2012 11:20am
Quoting maximinus
Remember that I'm smart but not quick So I'm not understanding clearly. My entry is at the yellow level 80.15. How many pips do I ideally use for my trailling stop ? Is the ATR is a good criteria for determining the trail ????
My trailing stop (when there are profits) is simply a four part trade. I always trade in multiple lots of four. When I see 10-15 pips I close one lot and move the remainder to break even (in fact I get stopped out many times, but my losses are minimal). When I see 50 pips I exit 1 lot and use the remainder lot 50% of its level. The third lot I liquidate at 100 pips (if it ever reaches there) and the remainder until target is reach and keep it 50%. I don't "day-trade". What I mean about the 50% is basically half the distance of where it is currently trading. If the market allows me, than I will use support and resistance as stops until target is met or stopped out
  • #56,099
  • Nov 8, 2012 11:26am Nov 8, 2012 11:26am
Quoting Nachiket
GBP surely is going to hell. GBP/AUD short may prove to be a good trade.
Yep! Check out the support and resistance on the Weekly chart. It's been stuck in a 1,500 pip range for 2 years now maintaining the range almost perfectly.

In my opinion EUR/AUD and GBP/AUD are the smoothest currency pairs to trade longer term.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Weekly.jpg Size: 201 KB
  • #56,100
  • Nov 8, 2012 11:26am Nov 8, 2012 11:26am
Quoting Compulsive
My trailing stop (when there are profits) is simply a four part trade. I always trade in multiple lots of four. When I see 10-15 pips I close one lot and move the remainder to break even (in fact I get stopped out many times, but my losses are minimal). When I see 50 pips I exit 1 lot and use the remainder lot 50% of its level. The third lot I liquidate at 100 pips (if it ever reaches there) and the remainder until target is reach and keep it 50%. I don't "day-trade". What I mean about the 50% is basically half the distance of where it is currently...
Ok, now I understand
Thanks.
Don't be smart. Be rich.
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