AUD/USD | Page 2938 | 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

  • #58,741
  • Jun 5, 2013 6:53pm Jun 5, 2013 6:53pm
i think aud will go to 0.9346 its target for weekly and monthly charts
  • #58,742
  • Jun 5, 2013 6:53pm Jun 5, 2013 6:53pm
Quoting Doboy408
AUD about to go lower

Now I'm not glad I traded out of my short. just call me paranoid.
  • #58,743
  • Jun 5, 2013 6:58pm Jun 5, 2013 6:58pm
@Erebus: Im holding because we are very close to 2011 low. And the price is aproaching trendline from 2009/2010 lows.
  • #58,744
  • Jun 5, 2013 7:06pm Jun 5, 2013 7:06pm
Quoting irongoose
{quote} Now I'm not glad I traded out of my short. just call me paranoid.
its making new lows...but doesnt seems to have much momentum
  • #58,745
  • Jun 5, 2013 7:07pm Jun 5, 2013 7:07pm
there it goes...94 print
  • #58,746
  • Jun 5, 2013 8:31pm Jun 5, 2013 8:31pm
Wow .03B v .2B estimate. Ouch
When the facts change I change my mind, what do you do sir
  • #58,747
  • Jun 5, 2013 8:33pm Jun 5, 2013 8:33pm
Quoting Pip Anon
Wow .03B v .2B estimate. Ouch
looks like, some bulls are coming from the gate...
  • #58,748
  • Jun 5, 2013 8:34pm Jun 5, 2013 8:34pm
Quoting Pip Anon
Wow .03B v .2B estimate. Ouch
Looks like we'll be testing the 2011 low.
Attached Image
  • #58,749
  • Jun 5, 2013 8:35pm Jun 5, 2013 8:35pm
Quoting Pharm0r
{quote} Looks like we'll be testing the 2011 low. {image}
Maybe, a little bounce on the news. That happen yesterday too and london took it to the cleaners. Well see. Prob market makers accumulating.
When the facts change I change my mind, what do you do sir
  • #58,750
  • Jun 5, 2013 8:39pm Jun 5, 2013 8:39pm
Quoting readybeta
@Erebus: I'm holding because we are very close to 2011 low. And the price is approaching trend line from 2009/2010 lows.
Good for you; I doubt whether that is the reason you got into that trade in the first place however, it is as good as excuse as any to avoid reality.

World events around the time of the September 2011 low you are depending on have changed vastly; economies are different, interest rates are not the same; pinning your hopes on a mathematical number in the past makes little sense to me.

IF only it was that easy, why didn't you wait until the low is reached, then go long?

You know why? You can't see beyond very short term, got to be in a trade right now! How is that working out for you?

The tone of your previous post was, I'm stuck in bad trade, I don't know what to do, and to quote you "Anyone can give-me feedback?"

So, feedback given, do with it what you will, trading is like a box of chocolates, you never know what you will get!
It takes a lot for me to IGNORE you, but you can try.
  • #58,751
  • Jun 5, 2013 8:40pm Jun 5, 2013 8:40pm
I can sell AUD/USD NOW or what ? what Happened ? in this currency ?
  • #58,752
  • Jun 5, 2013 8:44pm Jun 5, 2013 8:44pm
Quoting Erebus
{quote} Good for you; I doubt whether that is the reason you got into that trade in the first place however, it is as good as excuse as any to avoid reality. World events around the time of the September 2011 low you are depending on have changed vastly; economies are different, interest rates are not the same; pinning your hopes on a mathematical number in the past makes little sense to me. IF only it was that easy, why didn't you wait until the low is reached, then go long? You know why? You can't see beyond very short term, got to be in a trade...
Common mistake: not having a plan and when SHTF make up reasons to stay in.
When the facts change I change my mind, what do you do sir
  • #58,753
  • Jun 5, 2013 8:45pm Jun 5, 2013 8:45pm
Quoting Pip Anon
{quote} Common mistake: not having a plan and when SHTF make up reasons to stay in.
It's so so so so simple to set a stop loss.
  • #58,754
  • Jun 5, 2013 8:52pm Jun 5, 2013 8:52pm
Quoting Pharm0r
{quote} It's so so so so simple to set a stop loss.
Well that's true. Even if you don't, you should know your threshold before the trade is in. These people to trade, they gamble. And when panic sets in 200 pips lower, "oh, well it's near it's two year lows. I'll just hang out."
When the facts change I change my mind, what do you do sir
  • #58,755
  • Jun 5, 2013 8:52pm Jun 5, 2013 8:52pm
The last three news events I've noticed that the AUD always gos up after lower then expected numbers, what i'm I missing here, why is anyone going long at the moment?
  • #58,756
  • Jun 5, 2013 9:01pm Jun 5, 2013 9:01pm
Quoting Pip Anon
{quote} Well that's true. Even if you don't, you should know your threshold before the trade is in. These people to trade, they gamble. And when panic sets in 200 pips lower, "oh, well it's near it's two year lows. I'll just hang out."
To be honest....where we are now, if I was 200 pips lower I'd probably say the same. There will be massive support here, but not enough to cover 200 pips. I'd pray for the bounce to recover some loss.

Honestly though, that far underwater....I'd assume whomever used some money management...otherwise they'd be getting a margin call. Well....nevermind, I'm assuming they're in the US where we are stuck with 50:1
  • #58,757
  • Jun 5, 2013 9:08pm Jun 5, 2013 9:08pm
I'm taking the loss, the down trend seems to continue ...
I will get out and look for a good place for reentry!
  • #58,758
  • Jun 5, 2013 9:12pm Jun 5, 2013 9:12pm
Quoting Pharm0r
{quote} To be honest....where we are now, if I was 200 pips lower I'd probably say the same. There will be massive support here, but not enough to cover 200 pips. I'd pray for the bounce to recover some loss. Honestly though, that far underwater....I'd assume whomever used some money management...otherwise they'd be getting a margin call. Well....nevermind, I'm assuming they're in the US where we are stuck with 50:1

Find one outside the US there are a few, or if you have a trusted friend outside the US have them setup an account and give you full access or even better if you are a good trader and can make a living doing this move outside of the US a few months out of the year and setup an account that way,you can use the account and trade inside the US without any problems depending on the broker so ask first.

I even talked to a US broker that would wave all the US rules if your address is outside the country and was told they have a bunch of people that actually do it that way.
  • #58,759
  • Jun 5, 2013 9:17pm Jun 5, 2013 9:17pm
Quoting irongoose
The last three news events I've noticed that the AUD always gos up after lower then expected numbers, what i'm I missing here, why is anyone going long at the moment?
Was initially sold down on the weaker than expected April figure .
But a look at the large revision to the March result ( +555mil revised from +307mil )
is enough to fuel a rally from the knee-jerk sell-off .
  • #58,760
  • Jun 5, 2013 9:18pm Jun 5, 2013 9:18pm
Quoting irongoose
{quote} Find one outside the US there are a few, or if you have a trusted friend outside the US have them setup an account and give you full access or even better if you are a good trader and can make a living doing this move outside of the US a few months out of the year and setup an account that way,you can use the account and trade inside the US without any problems depending on the broker so ask first. I even talked to a US broker that would wave all the US rules if your address is outside the country and was told they have a bunch of people...
I would never trade with a broker that would subvert the US regulations for a US customer. Even though that works to your favor....do you REALLY want to trust your money with a dishonest broker? How do you think they will act when/if the US finds out?

Never trust your friends. Especially if it involves money.

The only option is to move/own a house outside the country, which I dont.
97 traders viewing now