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AUD/USD

this is me being a dick to those who were bullish around 1.06 who were hoping to see 1.08 and 1.10
lesson to be learned: Never long at the top, and never short at the bottom.
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We live in a finite world with infinite possibilities.
im just still didnt believe why its still came down
is soros behind this?
Quoting mr.thinker
im just still didnt believe why its still came down
We don't have to believe..We just have to trade what we see.

I got my balls kicked on a short yen pair trade as well when i was asleep.

Moral of the story : The markets can and will do anything.
Quoting fxtyrant
this is me being a dick to those who were bullish around 1.06 who were hoping to see 1.08 and 1.10 lesson to be learned: Never long at the top, and never short at the bottom. {image}
So you say 1.0 Is "TOP" for AUD/USD?
Hey Traders here is what I'm currently involved with on the Aud/Usd and some other areas that will have my attention keeping in mind the weekly chart opportunities I posted previously several days ago and in one of the Harmonic threads earlier today. Chart should be self explanatory. Enjoy, make a great day, have fun, do your due diligence, and may we all make Bank!!

I'm done here today so everyone Make a Fantastic Weekend Too!!!
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Don't follow me! You can and most likely will LOSE all your money!!!!
any idea where the price will probably goes?
9950, 99, are downside today

1.00 and 1.0050 for up


98 next week?
Quoting namitak007
{quote} So you say 1.0 Is "TOP" for AUD/USD?
the post wasnt for you... it was for people longing far above at 1.05, 1.06 region...
you are the guys i call Sucker Zone traders..... simply not any better than those guys... wana know why?
because you are taking a position int he middle of a bloody range where theres 50/50 chance to move up or down... you are a downright gambler if you enter in the middle of ranges, because your risk to reward is never going to be above 1:1 so you cant have picked a worse place to enter a trade....
if you wanted to long... you should've long at the bottom of the range at 0.98 when you see a rejection to break below 0.98. get it?
We live in a finite world with infinite possibilities.
Quoting fxtyrant
{quote} the post wasnt for you... it was for people longing far above at 1.05, 1.06 region... you are the guys i call Sucker Zone traders..... simply not any better than those guys... wana know why? because you are taking a position int he middle of a bloody range where theres 50/50 chance to move up or down... you are a downright gambler if you enter in the middle of ranges, because your risk to reward is never going to be above 1:1 so you cant have picked a worse place to enter a trade.... if you wanted to long... you should've long at the bottom...
oh! Thank you for your suggestion mate. I have my different strategy. Sometimes I do no SL longs too. But sooner or letter 1.02 is the place where this should move. QE rumor, JPY bloodbath, massive sell off are the reasons for this massive spike down IMO. Rate cut effect IMO is already digested and now it should be work as positive to move this pair up. Well each one have it's own strategy, what matters is the profit at the end of the trade. I am glad I am doing good with my strategy and I will surely remember your tips to apply if needed.
Quoting fxtyrant
{quote} the post wasnt for you... it was for people longing far above at 1.05, 1.06 region... you are the guys i call Sucker Zone traders..... simply not any better than those guys... wana know why? because you are taking a position int he middle of a bloody range where theres 50/50 chance to move up or down... you are a downright gambler if you enter in the middle of ranges, because your risk to reward is never going to be above 1:1 so you cant have picked a worse place to enter a trade.... if you wanted to long... you should've long at the bottom...
How can you say that to him when you yourself been selling aud at 1.02 1.03 1.04 1.05 1.06??
Not fair dude....
Quoting namitak007
{quote} oh! Thank you for your suggestion mate. I have my different strategy. Sometimes I do no SL longs too. But sooner or letter 1.02 is the place where this should move. QE rumor, JPY bloodbath, massive sell off are the reasons for this massive spike down IMO. Rate cut effect IMO is already digested and now it should be work as positive to move this pair up. Well each one have it's own strategy, what matters is the profit at the end of the trade. I am glad I am doing good with my strategy and I will surely remember your tips to apply if needed....
Yeah, lots of factors contributing to this move south, including a sell-off in gold too.
Quoting HelloOz
{quote} How can you say that to him when you yourself been selling aud at 1.02 1.03 1.04 1.05 1.06?? Not fair dude....
because selling at 1.06 where 1.06 was the TOP??
i agree 1.02 was pretty bad but we're in a DOWN TREND! believe it or not... so really shorting 1.02 is regarded still at the upper side of the down channel...
regardless what you are gona say. ive made my point... suck on my 2000+ pip profit, you and that damn sidhujag's been real negative about my short since the day i announced shorting at 1.03,04,05,06
so what now?
nuff said?

tell me for the love of god where AUDUSD is at now?? just to shut some bulls up.
We live in a finite world with infinite possibilities.
Quoting namitak007
{quote} oh! Thank you for your suggestion mate. I have my different strategy. Sometimes I do no SL longs too. But sooner or letter 1.02 is the place where this should move. QE rumor, JPY bloodbath, massive sell off are the reasons for this massive spike down IMO. Rate cut effect IMO is already digested and now it should be work as positive to move this pair up. Well each one have it's own strategy, what matters is the profit at the end of the trade. I am glad I am doing good with my strategy and I will surely remember your tips to apply if needed....
just be careful dude... you are assuming QE will be talked again when in fact everything is pointing to a reduction or possible end to QE... believe it or not... some say ben bernanke will never stop printing... which i may agree... but his days in the fed is numbered with his replacement Yellen already named to be the next FED chairlady...

these fundamentals you need to be aware of... and its whats driving USD strength for some time now....
Gold is also being dumped because they suspect QE to end and US interest rates to go up... since US interest rates cant go any lower any more...

US jobs and housing markets are in the recovery sooo yea.... you better take my view into your perspective or you're gona be buttfucked hard by USD strength...
its not a fun thing to be butt fucked by USD strength becaues the WORLD still uses it as a reserve currency... so watch urself.
We live in a finite world with infinite possibilities.
Wow what a crazy day! I missed my chance to sell aud @ 1.0385, it grazed my limit but didn't trigger to spread! Instead sold nzd/usd @ 0.8530, I wimped out abit by taking half off @ 0.84710 when it spiked on the employment report. But luckily I use bigger lot sizes with oceanic pairs since they have lower atrs so no big deal. And today it hit full target @ 0.8260!! 270 pips in the bank!

I also had a lucky break with a usdjpy buystop @ 100.1, took profit just now @ 101.95. Another ~180 pips in one day woohoo!

Great day to be a trader =D.

I'm off to sleep now, next week I'll probably try to sell aud/usd provided if it bounces back up abit.

EDIT: Also had a eurchf position but bought @ 1.2240 and sold @ 1.2265 for a measly 25 pips after seeing that doji. Looking at the trade now and seeing how far its gone sure makes me jealous.

Good luck all!
Quoting Iro
Wow what a crazy day! I missed my chance to sell aud @ 1.0385, it grazed my limit but didn't trigger to spread! Instead sold nzd/usd @ 0.8530, I wimped out abit by taking half off @ 0.84710 when it spiked on the employment report. But luckily I use bigger lot sizes with oceanic pairs since they have lower atrs so no big deal. And today it hit full target @ 0.8260!! 270 pips in the bank! I also had a lucky break with a usdjpy buystop @ 100.1, took profit just now @ 101.95. Another ~180 pips in one day woohoo! Great day to be a trader =D. I'm off...
congrats
I'm thinking stocks (asx200, sp500) would be good sell on monday too with a stop above the high today. Seeing as how they haven't moved at all?
Hello everyone.. Super noob here that had recently started to make small trades in Forex, mainly on AUD/USD. This is my first post. Pardon my limited experience and question. I believe I see a hammer formed in the 4H chart at this point. Does that signal a start of a probably retracement? Targeted to the 1.009, which is todays high?
Quoting guppies
Hello everyone.. Super noob here that had recently started to make small trades in Forex, mainly on AUD/USD. This is my first post. Pardon my limited experience and question. I believe I see a hammer formed in the 4H chart at this point. Does that signal a start of a probably retracement? Targeted to the 1.009, which is todays high?
hi guppies, yes that candle should signal a slight pull back, if you are looking to long it... dont do it now though... the day is literally over.... i would prefer that you let this Pull back take place first... then it will most likely retest this low we created and if you see a failure to make lower lows than the low of today then you have your signal to long...
but not today....
the AUDUSD has broken beyond the Weekly supports 1, 2 and 3, suggesting that its in free fall mode, so stay out. you dont want to be the one caught trying to catch a falling knife now would you?
We live in a finite world with infinite possibilities.
Quoting guppies
Hello everyone.. Super noob here that had recently started to make small trades in Forex, mainly on AUD/USD. This is my first post. Pardon my limited experience and question. I believe I see a hammer formed in the 4H chart at this point. Does that signal a start of a probably retracement? Targeted to the 1.009, which is todays high?
Hey guppies. it does, and on my 1hr I think we just had a few bullish tails making a tweezery bottom (if you go for those) then a bullish engulfing. Plus the 1hr MACD has gone out to extreme and has just switched from under to over (though it is still way negative). I'm reading that as a retracement start and going a tiny long up to 1.0070 as there is a bit of supply up there. Gonna pull to BE at about 1.0030. GL.
A journey of a thousand miles begins with a single step. Lao-tzu
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