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AUD/USD

  • #58,581
  • Jun 3, 2013 8:57am Jun 3, 2013 8:57am
Quoting xandi
{quote} Iīm at work, donīt have mt4 so canīt manage if any fractal was created..can anyone please tell me if any fractal was created from 1h and upper TF? thanks

Well your TP is still 100+ pips away. and only bad US data today and Rate cut decision can help it to touch, else again a south dip!

Till now h1, h4 looks promising but US data within few minutes!
Attached Image (click to enlarge)
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  • #58,582
  • Jun 3, 2013 9:21am Jun 3, 2013 9:21am
Waiting to see where this H4 closes before deciding to short it or not.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.gif Size: 99 KB
Time turns trend. - W.D. Gann
  • #58,583
  • Jun 3, 2013 10:11am Jun 3, 2013 10:11am
interesting monthly chart and situation on this aud/usd... approaching rate of descent like 08/09 aud/usd has narrowing interest rate differentials and challenging the bottom of this narrow 3 year trading range with a big down bar pushing through parity. Narrowing IRD on the aud/usd means big investors could be leaving as rates hit all time lows.. or we could be seeing the trading range of the narrowing IRD and as it finds a base over the next couple months see the bottom hold in this range or at least fake break and new longs fill the order screens as aud/usd rallies above parity again... judging from the probability of rec based on ycd data we shouldn't experience a run up in usd just yet but it is increasing and one thing I know about this data is generally the risk increases exponentially over a 2 year frame meaning this bottom should hold / maybe fake break but then result in exponential 2 year bull rally with slight rate rising in the future( hitting highs?)

what are thoughts on Monthly aud/usd ?
  • #58,584
  • Jun 3, 2013 10:31am Jun 3, 2013 10:31am
Quoting namitak007
{quote} Well your TP is still 100+ pips away. and only bad US data today and Rate cut decision can help it to touch, else again a south dip! Till now h1, h4 looks promising but US data within few minutes! {image}
correction bro, my TP itīs 30 pips away ..
at the end, you are going to post "that was lucky"..I respond you, "that was patience"
with the rigid and inflexible strategy, robot discipline, you will win always at forex.

ps:still waiting for some guy to post fractal!
  • #58,585
  • Jun 3, 2013 10:41am Jun 3, 2013 10:41am
Quoting xandi
{quote} correction bro, my TP itīs 30 pips away .. at the end, you are going to post "that was lucky"..I respond you, "that was patience" with the rigid and inflexible strategy, robot discipline, you will win always at forex. ps:still waiting for some guy to post fractal!
Iīm going to rise my TPto 9790 or close the position at the end of this day...
will update when have chance , but normally my tp is 70 pips, so I should have closed it already...
letīs see.
  • #58,586
  • Jun 3, 2013 11:00am Jun 3, 2013 11:00am
Eh... hmmmm.....
  • #58,587
  • Jun 3, 2013 11:01am Jun 3, 2013 11:01am
Quoting xandi
{quote} Iīm going to rise my TPto 9790 or close the position at the end of this day... will update when have chance , but normally my tp is 70 pips, so I should have closed it already... letīs see.
ok, Iīm pleased at 9760..closed now..afterall, itīs my first trade after vacations.

Profit 80 pips with 0.4 LOT.

thanks you...will enter again tomorrow or even today
  • #58,588
  • Jun 3, 2013 11:08am Jun 3, 2013 11:08am
Quoting xandi
{quote} ok, Iīm pleased at 9760..closed now..afterall, itīs my first trade after vacations. Profit 80 pips with 0.4 LOT. thanks you...will enter again tomorrow or even today
Congrats I made 35 in green closing my order to early, but I am glad that it gave me a profit
  • #58,589
  • Jun 3, 2013 11:11am Jun 3, 2013 11:11am
Quoting Tomoney
{quote} Congrats I made 35 in green closing my order to early, but I am glad that it gave me a profit
congrats to you bro..the science of forex itīs closing positions allways and all the time in profit!!!
You have to have margin and very good entry point in order to do that!
now relax and relax
  • #58,590
  • Edited 11:35am Jun 3, 2013 11:23am | Edited 11:35am
On this days, after London close and price still going in one way, the best decision itīs only to close position at NY close...took too early, but too early for many would have been closing it when was loosing -100 pips
If I had reinforced at 9530 with more 0.4, beeing at that time with 0.8, my Price Medium would have lower to 9605 and this close at 9760 would have represented 150 pips with 0.8...I had planned, but didnīt used pending order and miss that catch...more I will have in future!
  • #58,591
  • Jun 3, 2013 11:41am Jun 3, 2013 11:41am
awesome xandi! You were really lucky! I am short for 50 pips!
  • #58,592
  • Jun 3, 2013 11:45am Jun 3, 2013 11:45am
Quoting namitak007
awesome xandi! You were really lucky! I am short for 50 pips!
ahahahaha!!! I strike/hit your opinion!! I knew you were going to say that!!! I predicted well!! good luck now with your short bro!!
  • #58,593
  • Jun 3, 2013 11:47am Jun 3, 2013 11:47am
Quoting xandi
{quote} ahahahaha!!! I strike/hit your opinion!! I knew you were going to say that!!! I predicted well!! good luck now with your short bro!!
yeah! I must say that! enjoy profits bro! I guess till AUD rate decision we can see another 50-100 pip fall. Daily is +1.6% lolz did you see that?
  • #58,594
  • Jun 3, 2013 12:06pm Jun 3, 2013 12:06pm
Anyone closing their long trades at this level? Are we out of steam for this session?
  • #58,595
  • Jun 3, 2013 12:22pm Jun 3, 2013 12:22pm
closed my long from 0.969, to be honest, i was lucky, i was about to sell in the morning, (02:19am in korea now). but i think tmr will be crucial for AUD/USD movement. in my opinion, aud/usd has been expensive for quite a few months, which has erode export competitiveness, i believe aus companies dont want that to happen. but looking at their economy, low unemployment and other factors, reaching to 1 is possible. correct me if i am wrong, i am still learning.
Logics do not apply in FOREX
  • #58,596
  • Jun 3, 2013 12:47pm Jun 3, 2013 12:47pm
Quoting xandi
On this days, after London close and price still going in one way, the best decision itīs only to close position at NY close...took too early, but too early for many would have been closing it when was loosing -100 pips If I had reinforced at 9530 with more 0.4, beeing at that time with 0.8, my Price Medium would have lower to 9605 and this close at 9760 would have represented 150 pips with 0.8...I had planned, but didnīt used pending order and miss that catch...more I will have in future!
confirmed...watched this many many times..noted it.
  • #58,597
  • Jun 3, 2013 12:48pm Jun 3, 2013 12:48pm
Quoting edindzeko
Anyone closing their long trades at this level? Are we out of steam for this session?
m30,h1,h4 all are over bought! So we can expect some drop! Again data coming tomorrow is the key. If you are in good green then I suggest you to close it and re enter after news. If you want to push it then .985 is to watch!
  • #58,598
  • Jun 3, 2013 1:09pm Jun 3, 2013 1:09pm
Quoting namitak007
{quote} m30,h1,h4 all are over bought! So we can expect some drop! Again data coming tomorrow is the key. If you are in good green then I suggest you to close it and re enter after news. If you want to push it then .985 is to watch!
Yeah I decided to close up shop, looking for next spot.
  • #58,599
  • Jun 3, 2013 1:49pm Jun 3, 2013 1:49pm
So my open ended question for analysis is: We've just had the largest pip day in Aussie since March. Since it's already so stretched outside the normal range, does that increase or decrease the likelihood of further movement on the RBA decision. If it's positive for aussie (no rate cut) will we zoom ahead another 50-100 pips? Or will we see profit taking or a full retrace?

I'm liking the volatility, but with it comes much needed risk management.
  • #58,600
  • Jun 3, 2013 1:57pm Jun 3, 2013 1:57pm
Quoting lolygagv2
So my open ended question for analysis is: We've just had the largest pip day in Aussie since March. Since it's already so stretched outside the normal range, does that increase or decrease the likelihood of further movement on the RBA decision. If it's positive for aussie (no rate cut) will we zoom ahead another 50-100 pips? Or will we see profit taking or a full retrace? I'm liking the volatility, but with it comes much needed risk management.
I suppose it can go further up without propper retracement until 9850/9900...Iīve just enter Pending Buy Order 0.2 Lot at 9700...another 0.1Lot at 9650 and 0.1 Lot at 9600...hope itīs triggered while Iīm not seeing!

PS: I will update my level in real time! cheers
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