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AUD/USD

  • #58,001
  • May 6, 2013 11:38pm May 6, 2013 11:38pm
Worlds going to end!

Monetary Policy won't last long with Aussie getting a haircut
Even the worst trade can close with profit. Just give it time.
  • #58,002
  • May 6, 2013 11:39pm May 6, 2013 11:39pm
woohoooooooooooooooooooooooo!! Bag full of bucks!!!!!!
  • #58,003
  • May 6, 2013 11:40pm May 6, 2013 11:40pm
I straddled, which added to a partial on a previous short. I see the announcements as a "yes or No" trade, there is nothing to interpret or guess.
FF journal: Peaks and Troffs
  • #58,004
  • May 7, 2013 12:04am May 7, 2013 12:04am
I straddled too, but got more slippage on my long than I expected. Still small profit.
A journey of a thousand miles begins with a single step. Lao-tzu
  • #58,005
  • May 7, 2013 12:12am May 7, 2013 12:12am
Quoting feather
Nice question now will it break it 9 month range? or bounce at1.0120? My guess is that it will trend down for the next month
My guess is it will continue to range like it has for the previous 7 months
  • #58,006
  • May 7, 2013 12:40am May 7, 2013 12:40am
So what now kids? It seems to be consolidating around the 1.0180 / 1.02 range.
What greater motivation for it to break out of its range?
  • #58,007
  • May 7, 2013 12:50am May 7, 2013 12:50am
Quoting tsujigiri
I straddled too, but got more slippage on my long than I expected. Still small profit.
I'm busy now, but I'll post later how I straddle.
FF journal: Peaks and Troffs
  • #58,008
  • May 7, 2013 12:58am May 7, 2013 12:58am
Quoting bogus
{quote} I'm busy now, but I'll post later how I straddle.
Thanks, I'd appreciate it.
A journey of a thousand miles begins with a single step. Lao-tzu
  • #58,009
  • May 7, 2013 2:18am May 7, 2013 2:18am
Quoting diggo
{quote} 1.022 Min. Target hit. All shorts closed. Next target below is 1.015. But first should retrace.. Bears need to go away and regroup before they make a LL. Bears and bulls want 1.03 min before lower. Will be looking to short again at/above this level. Further targets below are 1.010. This is an old, big one.. 1 year in the making. We will be back..
Ok 1.022 finally dropped her panties after the min retrace to 1.03/31.

Looking for 1.0101.. this is the 1 year old target.

Normal bear bounces required. 1.021 on a small TF. 1.0249 min on a 4H. 1.022 will be a resistance too now. I think I'll wait for 1.0249 for best r/r to short.
  • #58,010
  • May 7, 2013 2:20am May 7, 2013 2:20am
Quoting tsujigiri
{quote} Thanks, I'd appreciate it.
This is how I straddle. I'm a total Chartist with no bias. I've found that "most' interest rate announcements either go one way or the other. It's not often that you get whipsawed. What I look for is a decent swing on the 15 minute chart. Today we had a 25 pip one. Luckily today we had a nice swing where it was either long or short, no ambiguity. I always set my limit orders +3 of the swing. It's a tiny edge, but it is one. I only got slipped 2 pips which I think is fantastic. It is usually more. In the past I've got in before, but it makes no difference, the broker is always going to get you, which is fair enough, it's a fast market.I set limit orders. Today was long at 1.02576 plus spread and short at 1-0230. Hope this helps.
Attached Image (click to enlarge)
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FF journal: Peaks and Troffs
  • #58,011
  • May 7, 2013 2:20am May 7, 2013 2:20am
Quoting diggo
{quote} Well nothing is "certain" in forex. Below 1.022 voids the need to go back to 1.04 in the short term. Where is your SL? PS: I'm not endorsing anyone to buy or sell. I'm simply highlighting where the normal bounces will be.. No harm in setting my short orders at 1.04. If it doesn't trigger.. No money lost. I wait for next setup. All I care about is r/r and good MM
1.04 has now been voided.
  • #58,012
  • May 7, 2013 4:09am May 7, 2013 4:09am
Quoting bogus
{quote} This is how I straddle. I'm a total Chartist with no bias. I've found that "most' interest rate announcements either go one way or the other. It's not often that you get whipsawed. What I look for is a decent swing on the 15 minute chart. Today we had a 25 pip one. Luckily today we had a nice swing where it was either long or short, no ambiguity. I always set my limit orders +3 of the swing. It's a tiny edge, but it is one. I only got slipped 2 pips which I think is fantastic. It is usually more. In the past I've got in before, but it makes...
Thanks for that. I set up a live straddle I guess you could say, using a live long and short with stop losses kinda where you have the entry orders. I try to get the two orders at the right side of the waiting range so there is some positive spread between them. I'll chart it up later and try and post. I'll give some thought to doing it that way instead though...
A journey of a thousand miles begins with a single step. Lao-tzu
  • #58,013
  • May 7, 2013 4:23am May 7, 2013 4:23am
Long??!
Attached Image (click to enlarge)
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  • #58,014
  • May 7, 2013 4:41am May 7, 2013 4:41am
Quoting dashlat
Long??! {image}
sure. Just a sec, wait till I get popcorn.
  • #58,015
  • May 7, 2013 4:44am May 7, 2013 4:44am
Quoting dashlat
Long??! {image}
yes possible ABCD
  • #58,016
  • May 7, 2013 4:47am May 7, 2013 4:47am
agree, will open a long position around 015
  • #58,017
  • May 7, 2013 8:07am May 7, 2013 8:07am
added 4 limit buys from 12x2 13 14
Feb 13 low highlighted with green line
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In trading, you have to be defensive and aggressive at the same time
  • #58,018
  • May 7, 2013 8:15am May 7, 2013 8:15am
surpassed support 3 and now an uptrend?
Attached Image
Lose in spoonfulls, win in buckets
  • #58,019
  • May 7, 2013 8:47am May 7, 2013 8:47am
OK Guys.. I'm in....
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  • #58,020
  • May 7, 2013 8:58am May 7, 2013 8:58am
Quoting tony95
{quote} On the plus side, I will make more on the way down than my stop for the long. Seems like there is something big down there defending the level, I do not want try to fight it right now. Actually, I am little concerned we just keep going up and I get knocked out of my current short.

Well, I would have been OK if it had not run my stop 14 pips on Oanda. I had been having almost no slippage there until now.
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