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  • #57,781
  • Apr 15, 2013 5:02pm Apr 15, 2013 5:02pm
Yes I can see that on the charts, crazy stuff. Would have been quite tricky to trade. My frustration is that the AUD usually has a range of 70 pips a day. Yesterday was 230. It's very hard to trade when your trading with the trend and putting on positions in good support area after a big drop, then you just get fucked over by by the market with another big drop.

And as for the news, well terrible stuff and my heart goes out to the victims. But if this happened any where else no one would blink an eyelid. This happens every week in the middle east but kills a lot more people. Well all I can say is i don't want to be on the wrong side on the AUD if North Korea launch a missile.

Quoting Pip Anon
FX markets are a lot less volatile than they use to be. 2008 and back EURUSD vol. was around 25%
  • #57,782
  • Apr 15, 2013 7:25pm Apr 15, 2013 7:25pm
Quoting feather
Yes I can see that on the charts, crazy stuff. Would have been quite tricky to trade. My frustration is that the AUD usually has a range of 70 pips a day. Yesterday was 230. It's very hard to trade when your trading with the trend and putting on positions in good support area after a big drop, then you just get fucked over by by the market with another big drop. And as for the news, well terrible stuff and my heart goes out to the victims. But if this happened any where else no one would blink an eyelid. This happens every week in the middle east...
Do you mind my asking what timeframe you like to trade?
As recently as 11th April you said you were short and talking about loading up as price approached 1.06. Then you talk about trading with the trend (quoted above) and in same sentence are presumably going long after a big drop. Sounds like the trend you were trading was the rise from 4th March but I don't understand how that fits with your 11th April post. My advice would be to spend more time looking at bigger timeframes and you might see that price has ranged for about 9 months between 1.0115 and 1.0625. Beyond that price has seen 1.1080 and .94 so more risk to the downside but as long as the carry trade is in effect price is unlikely to stay that low even if it does get there. Good luck.
Hope for the best, prepare for the worst.
  • #57,783
  • Apr 15, 2013 7:55pm Apr 15, 2013 7:55pm
Yes I was short at the time on the 11th. But that was based on the news that came out and the daily tops at 1.0600. Should have held in hindsight. Technically the chart still in an up trend from the 4th till yesterday, thats why i was long. I trade the trend most of the time, and am cautious with trends when they reach daily tops and bottoms. But sometimes you get caught out. I have a lot to work on with the way i trade, more so with my patience around those bigger timeframes. I guess i get a little edgy at times and don't the profits come my way by over thinking those smaller timeframes those being 1 hr, and changing direction to soon.
So now after that big ugly bear bar you would think that the downside is the way it is going to go.
Anyway thanks for your thoughts dab. How is your trading going? Did you short the top? Good luck as well

Quoting dab
Do you mind my asking what timeframe you like to trade? As recently as 11th April you said you were short and talking about loading up as price approached 1.06. Then you talk about trading with the trend (quoted above) and in same sentence are presumably going long after a big drop. Sounds like the trend you were trading was the rise from 4th March but I don't understand how that fits with your 11th April post. My advice would be to spend more time looking at bigger timeframes and you might see that price has ranged for about 9 months between 1.0115...
  • #57,784
  • Apr 15, 2013 8:17pm Apr 15, 2013 8:17pm
This is an old chart. Looks like the trendline is being respected.
Attached Image (click to enlarge)
Click to Enlarge Name: ad.jpg Size: 103 KB
FF journal: Peaks and Troffs
  • #57,785
  • Apr 15, 2013 8:20pm Apr 15, 2013 8:20pm
Quoting bogus
This is an old chart. Looks like the trendline is being respected. {image}
From your chart I see a bounce... Bogus.. Thank you very much.
  • #57,786
  • Apr 15, 2013 8:58pm Apr 15, 2013 8:58pm
Quoting k3nshinz3139
From your chart I see a bounce... Bogus.. Thank you very much.
No worries. Could go either way.
FF journal: Peaks and Troffs
  • #57,787
  • Apr 15, 2013 9:02pm Apr 15, 2013 9:02pm
Hey dab i have sent you a private message

Quoting feather
Yes I was short at the time on the 11th. But that was based on the news that came out and the daily tops at 1.0600. Should have held in hindsight. Technically the chart still in an up trend from the 4th till yesterday, thats why i was long. I trade the trend most of the time, and am cautious with trends when they reach daily tops and bottoms. But sometimes you get caught out. I have a lot to work on with the way i trade, more so with my patience around those bigger timeframes. I guess i get a little edgy at times and don't the profits come my way...
  • #57,788
  • Apr 15, 2013 9:04pm Apr 15, 2013 9:04pm
Long limit hit @ 1.03 yesterday. Think we're still in ranging mode.
  • #57,789
  • Apr 15, 2013 10:33pm Apr 15, 2013 10:33pm
great day for AUD/USD. Made some really good profits. Almost 200 pips fall within 24 hours was awesome. I am still not sure for Long as Gold is expected to fall again so I guess this will taste another south for maybe 100 pips from now which is 1.035
  • #57,790
  • Apr 15, 2013 10:35pm Apr 15, 2013 10:35pm
I'm long from 1.0350
FF journal: Peaks and Troffs
  • #57,791
  • Apr 15, 2013 10:36pm Apr 15, 2013 10:36pm
I am long from 1.03..

AJ has 2 trades under water.. 1 trade long at 99.5
  • #57,792
  • Apr 15, 2013 10:42pm Apr 15, 2013 10:42pm
I am long from 10330

Hey bogus do you have a target in mind? Thanks


Quoting bogus
I'm long from 1.0350
  • #57,793
  • Apr 15, 2013 10:52pm Apr 15, 2013 10:52pm
Quoting feather
I am long from 10330 Hey bogus do you have a target in mind? Thanks
Hey feather, No set level where I think it will go, but I have a stop of 20, first TP 45, second 90 and let the last lot ride until I have a 1 hour signal to get out.
FF journal: Peaks and Troffs
  • #57,794
  • Apr 15, 2013 10:57pm Apr 15, 2013 10:57pm
Nice

Well lets hope it shoots back up the other way as quickly as it came down.


Quoting bogus
Hey feather, No set level where I think it will go, but I have a stop of 20, first TP 45, second 90 and let the last lot ride until I have a 1 hour signal to get out.
  • #57,795
  • Apr 15, 2013 11:10pm Apr 15, 2013 11:10pm
If gold can find a bottom at 1350 and have a nice retrace this will hopefully have a follow on effect for the AUD

Quoting feather
Nice Well lets hope it shoots back up the other way as quickly as it came down.
  • #57,796
  • Edited 4:29am Apr 16, 2013 4:13am | Edited 4:29am
Took half off 1.0375 earlier but rebought again at 1.034 just now.

(Personally I don't know what was behind the drop in commodities yesterday, but if it was just that marathon bombing. It was totally overdone. Seems like the amount of people killed was pretty small compared to the shooting rampages that goes on in the US every now and then. And the financial markets didn't even blink during those occasions.)
  • #57,797
  • Apr 16, 2013 5:15am Apr 16, 2013 5:15am
Nice trading Iro, i have a feeling the AUD may run too 10450 or around there.

Quoting Iro
Took half off 1.0375 earlier but rebought again at 1.034 just now. (Personally I don't know what was behind the drop in commodities yesterday, but if it was just that marathon bombing. It was totally overdone. Seems like the amount of people killed was pretty small compared to the shooting rampages that goes on in the US every now and then. And the financial markets didn't even blink during those occasions.)
  • #57,798
  • Apr 16, 2013 5:24am Apr 16, 2013 5:24am
If it gets back to 1.05, could be a short fromthere.

http://i50.tinypic.com/ji16yg.jpg
  • #57,799
  • Apr 16, 2013 8:11am Apr 16, 2013 8:11am
Gold is Australia's 3rd largest export. And with the Gold price plumetting (and indicating much lower than current price), everyone will flood back to the safe haven of the USD, correct?

It seems a safe bet AUD will not continue much higher from here. I'll be surprised if we don't see the Aussie under parity in the coming weeks. I will be shorting this retracement aggressively.
  • #57,800
  • Apr 16, 2013 8:14am Apr 16, 2013 8:14am
1.0304 strong support level
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