AUD/USD | Page 2865 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #57,281
  • Jan 2, 2013 7:59pm Jan 2, 2013 7:59pm
Quoting mnmnmmnnmnmn
Looks like i have a long way to go training my patience.

But looking at E/A daily chart doesnt look very promising tho...
Today there was a sell off / retrace with E/A as it moved up pretty quickly during the past couple of weeks. However, we are sitting nicely at a significant support/resistance level of 1.255. This area has served as significant support and resistance in the past and I do see us moving up to 1.295 within the next couple of weeks or possibly longer.

Only time will tell...
  • #57,282
  • Jan 2, 2013 8:00pm Jan 2, 2013 8:00pm
Quoting mnmnmmnnmnmn
Well, I guess 1.295 is probly the top boundary of the downward channel. We ll see.

I am kind of worry about the non farm payroll is gonna bring some impact on aud. I may just cash out before friday if my position end up in profit.
Do whatever is most comfortable for you
  • #57,283
  • Jan 2, 2013 8:03pm Jan 2, 2013 8:03pm
Hey 100,

Just wondering when you first get into a position that you're prepared to hold for a long time, what is your idea about stop loss, or you just go without?
Whatever is happening right now has happened before and will happen again.
  • #57,284
  • Jan 2, 2013 8:09pm Jan 2, 2013 8:09pm
Quoting mnmnmmnnmnmn
Hey 100,

Just wondering when you first get into a position that you're prepared to hold for a long time, what is your idea about stop loss, or you just go without?
Often times I don't use a stop loss. However, if I do I use a set 160 or 260 pip stop loss depending on the setup and my projected time frame. This way it protects me from getting stopped out by news driven events but also protects me from catastrophic events.
  • #57,285
  • Jan 2, 2013 8:12pm Jan 2, 2013 8:12pm
Fair enough 100. Thanks. My time frame is much smaller than yours. If you're looking at holding one position for days or weeks. 260 pips stop loss isnt that much, is it
Whatever is happening right now has happened before and will happen again.
  • #57,286
  • Jan 3, 2013 1:47am Jan 3, 2013 1:47am
Quoting 100PipsADay
Yea, this is not a short term trade. Most of my positions are held for a few weeks / months at a time.

Also put in some fresh EUR/AUD and GBP/AUD LONG positions earlier today. E/A first target is 1.295
GL with your trade Watch swap costs.
  • #57,287
  • Jan 3, 2013 2:09am Jan 3, 2013 2:09am
Quoting 100PipsADay
Often times I don't use a stop loss. However, if I do I use a set 160 or 260 pip stop loss depending on the setup and my projected time frame. This way it protects me from getting stopped out by news driven events but also protects me from catastrophic events.
yo 100pips buddy, im finally back in my winning streak with my system and yea im pretty sure my system works! but i need to be aware of fundamentals.....and not stupidly trusting signals coming in betting on Yen strength when the BOJ is easing like they're on crack...
otherwise look at this... EURUSD and USDCHF trades based on my strategy tested on my demo...https://dl.dropbox.com/u/52561775/Fo...12013.1554.gif

https://dl.dropbox.com/u/52561775/Fo...12013.1550.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #57,288
  • Jan 3, 2013 3:58am Jan 3, 2013 3:58am
Quoting fxtyrant
yo 100pips buddy, im finally back in my winning streak with my system and yea im pretty sure my system works! but i need to be aware of fundamentals.....and not stupidly trusting signals coming in betting on Yen strength when the BOJ is easing like they're on crack...
otherwise look at this... EURUSD and USDCHF trades based on my strategy tested on my demo...https://dl.dropbox.com/u/52561775/Fo...12013.1554.gif

https://dl.dropbox.com/u/52561775/Fo...12013.1550.gif
I'm glad you're making some Green pips. What is your system based off of? Mostly MA's right?

Hope you have a profitable 2013
  • #57,289
  • Jan 3, 2013 4:03am Jan 3, 2013 4:03am
Quoting 100PipsADay
I'm glad you're making some Green pips. What is your system based off of? Mostly MA's right?

Hope you have a profitable 2013
its based of counter MA trend trading with Divergence signals to signal an entry, so normally its traded on Daily chart so that intraday fundamentals wouldnt be much of impact as datas and all that stuff are reflected on the daily chart movements....
if ur interested come on skype so i can explain it better to you
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #57,290
  • Jan 3, 2013 3:25pm Jan 3, 2013 3:25pm
Quoting 100PipsADay
Often times I don't use a stop loss. However, if I do I use a set 160 or 260 pip stop loss depending on the setup and my projected time frame. This way it protects me from getting stopped out by news driven events but also protects me from catastrophic events.
Hey Mr. 100,

It was too bad that my short got stopped out last night and now i am just watching the candles pulling down ...
Whatever is happening right now has happened before and will happen again.
  • #57,291
  • Jan 3, 2013 3:31pm Jan 3, 2013 3:31pm
Now the price dips down and touches 50% line. Hope it 'll be back up a bit for me to set up another short.
Attached Image (click to enlarge)
Click to Enlarge Name: QQ??20130103083127.png Size: 33 KB
Whatever is happening right now has happened before and will happen again.
  • #57,292
  • Jan 3, 2013 3:41pm Jan 3, 2013 3:41pm
As per my analysis price must go down by another 20 pips at least t0 1.0440-45 region
  • #57,293
  • Jan 3, 2013 3:54pm Jan 3, 2013 3:54pm
Then it's gonna be somewhere around 38.2 level.

I am kind of worrying about the non farm payroll data tomorrow tho. If US somehow come up with some positive data increase, that'll definately drives the pair down.
Whatever is happening right now has happened before and will happen again.
  • #57,294
  • Jan 3, 2013 3:57pm Jan 3, 2013 3:57pm
but 4 hr chart tells me we are already at bounce point. so mmmmm if you want to go long you can go just keeping very tigh stop loos of 5 pips below 1.0460 level i wud advise.
  • #57,295
  • Jan 3, 2013 3:58pm Jan 3, 2013 3:58pm
Caught a nice short earlier. Just stuck a hedge lock on.. Below this stop loss is a 60 pip freefall
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 23 KB
  • #57,296
  • Jan 3, 2013 3:58pm Jan 3, 2013 3:58pm
1.0464 is the point where i scaled out half of my short position and rest would be around 1.0440
  • #57,297
  • Jan 3, 2013 4:26pm Jan 3, 2013 4:26pm
Good job guys, i wish i was able to catch the last ride as well
Whatever is happening right now has happened before and will happen again.
  • #57,298
  • Jan 3, 2013 5:47pm Jan 3, 2013 5:47pm
Quoting mnmnmmnnmnmn
Hey Mr. 100,

It was too bad that my short got stopped out last night and now i am just watching the candles pulling down ...
Yea, I hate it when that happens! That is one of the reasons why I use a large SL when I do. Personally, I look to see Price Action at Support/Resistance levels on the weekly chart, then place my entry using the D1 chart.

Then as price moves in my favor, I scale in more positions using the H1 once it is over bought / over sold.

Example: If price is moving down and I have sell positions, I'll look to scale in another position or two once Williams % says "over bought" in the H1 time frame. I'll keep repeating this as the trend moves in my favor. This obviously depends on my target and if market is trending or not.

Remember, trade the time frame that is most comfortable to you
  • #57,299
  • Jan 3, 2013 8:48pm Jan 3, 2013 8:48pm
I am taking a short at 9505 with a SL at 9650 and TP (1st lot) at 9400
Attached Thumbnails
  • #57,300
  • Jan 3, 2013 9:36pm Jan 3, 2013 9:36pm
Quoting 100PipsADay
Yea, I hate it when that happens! That is one of the reasons why I use a large SL when I do. Personally, I look to see Price Action at Support/Resistance levels on the weekly chart, then place my entry using the D1 chart.

Then as price moves in my favor, I scale in more positions using the H1 once it is over bought / over sold.

Example: If price is moving down and I have sell positions, I'll look to scale in another position or two once Williams % says "over bought" in the H1 time frame. I'll keep repeating this as the trend moves in...
That is very impressive, 100. Keep adding your bets for the same direction largely depends on your judgement for the overall trend. What if you are wrong at the first place, say, price dips through a support line and you are betting short, then price pull up again and indicator shows overbought, then you put another short ... see that can be very dangerous if you are against the trend.
Whatever is happening right now has happened before and will happen again.
21 traders viewing now