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AUD/USD

  • #61,221
  • Aug 1, 2013 7:33am Aug 1, 2013 7:33am
Quoting Pip Anon
{quote} Look at his signature. It's like let winners run and cut losers quickly lol. I mean I have been wrong before, but I mean really stubbornness will hurt in the long run. I told him why not cut it and look for better entries. You can't carry-long Aussie anymore, haven't in a while. The great Paul Tudor Jones was a master at picking tops and bottoms. Let's face it, not many, if any, of us are Paul Tudor Jones.
He just tried many many many times with a very tight SL. Eventually he was correct.
  • #61,222
  • Aug 1, 2013 7:53am Aug 1, 2013 7:53am
Aussie raped.
  • #61,223
  • Aug 1, 2013 7:57am Aug 1, 2013 7:57am
Quoting harshfxx
Aussie raped.

Past tense? or Future..
The coincidental success is more dangerous than the expected failure
  • #61,224
  • Aug 1, 2013 8:01am Aug 1, 2013 8:01am
Quoting TsunamiPL
Double dip 5 min chart. Long 0,89287
quick long from 8908 got me 20 pips to your entry
  • #61,225
  • Aug 1, 2013 8:01am Aug 1, 2013 8:01am
Quoting Malik taxila
AUS_Sep : I personally Think little more down then Up side Move My Long from 9044 / 9043 still open with lose and hope it will give me Greeen pipx soon
Hi are you still bulish and holding your longs of 0.940?
  • #61,226
  • Aug 1, 2013 8:05am Aug 1, 2013 8:05am
Pretty muted reaction to the extraordinary USD ISM Manufacturing this morning.

Has me wondering if Bears are running out of poop...

That or everyone just waiting for RBA next week.

Could see a small rally starting next week to ~0.91 (past 3-4 weeks have started with AUD long looking good)
  • #61,227
  • Aug 1, 2013 8:10am Aug 1, 2013 8:10am
Quoting iahmedz
{quote} Hi are you still bulish and holding your longs of 0.940?

My Long is still Open I dont want to lose my Money I hope it will Go back and my lose will B in profit soon
  • #61,228
  • Aug 1, 2013 8:18am Aug 1, 2013 8:18am
Quoting Malik taxila
{quote} My Long is still Open I dont want to lose my Money I hope it will Go back and my lose will B in profit soon
In forex trading, "hope" is a dangerous word
  • #61,229
  • Aug 1, 2013 8:27am Aug 1, 2013 8:27am
On another note, while it may be tempting to go long at this point, daily stoch looks horrible for long.
  • #61,230
  • Aug 1, 2013 8:30am Aug 1, 2013 8:30am
Quoting JollyBean
{quote} In forex trading, "hope" is a dangerous word
Indeed it is!!

It's about as useful as praying!
  • #61,231
  • Aug 1, 2013 8:35am Aug 1, 2013 8:35am
Quoting edindzeko
{quote} He just tried many many many times with a very tight SL. Eventually he was correct.
And he's worth billions. We together don't. The fact of the matter is picking tops/bottoms is dangerous, and 9.9/10 times you are wrong.
When the facts change I change my mind, what do you do sir
  • #61,232
  • Aug 1, 2013 8:38am Aug 1, 2013 8:38am
Quoting JollyBean
On another note, while it may be tempting to go long at this point, daily stoch looks horrible for long.
The Fisher transform, great for price reversals, looks to be trending into more downward territory. Dollar up almost $1. If that continues, Aussie might not make it back to .9

And my stochs (EMA, 9,3,3) on the 4H don't look like anything is over due for a long
When the facts change I change my mind, what do you do sir
  • #61,233
  • Aug 1, 2013 8:42am Aug 1, 2013 8:42am
Quoting JollyBean
{quote} In forex trading, "hope" is a dangerous word

You May Right ! But I am waiting For back and It will Go Back soon I Dont mind If AUS
Move back at Monday or next week I will wait I dont want to lose me single Cent even
  • #61,234
  • Aug 1, 2013 8:43am Aug 1, 2013 8:43am
Quoting Pip Anon
{quote} The Fisher transform, great for price reversals, looks to be trending into more downward territory. Dollar up almost $1. If that continues, Aussie might not make it back to .9 And my stochs (EMA, 9,3,3) on the 4H don't look like anything is over due for a long
Even with this being extremely oversold?
  • #61,235
  • Aug 1, 2013 8:43am Aug 1, 2013 8:43am
Quoting Pip Anon
{quote} And he's worth billions. We together don't. The fact of the matter is picking tops/bottoms is dangerous, and 9.9/10 times you are wrong.
"I have been speculating in currencies ever since the started floating, but I have failed to make money on a consistent basis. On balance, I traded profitably through 1980 and then chalked up losses between 1981 and 1985. By temperament, I have always been more interested in picking the turning point than in following a trend....I tried to pick the reversal point instead - needless to say, without success. I had some temporary profits in the early part of 1984, but I gave them all back." - George Soros
The coincidental success is more dangerous than the expected failure
  • #61,236
  • Aug 1, 2013 8:49am Aug 1, 2013 8:49am
Quoting Malik taxila
{quote} You May Right ! But I am waiting For back and It will Go Back soon I Dont mind If AUS Move back at Monday or next week I will wait I dont want to lose me single Cent even
Here's an excerpt from a report I often read.

"I prefer to be selling rallies still, looking for a move to 0.8850 where, as I say I would be squaring up at the first attempt, and looking to sell into another rally for an eventual run towards 0.8780, which could come as early as next week when the RBA delivers its interest rate decision/press conference. A cut is now more or less written in, and the press conference is likely to be the main focus."
  • #61,237
  • Aug 1, 2013 8:49am Aug 1, 2013 8:49am
Quoting Malik taxila
{quote} You May Right ! But I am waiting For back and It will Go Back soon I Dont mind If AUS Move back at Monday or next week I will wait I dont want to lose me single Cent even
lol I understand, but I think the sooner you accept that losses are just part of the game, the sooner you'll start enjoying success in trading.
  • #61,238
  • Aug 1, 2013 8:54am Aug 1, 2013 8:54am
Quoting Mozzy
{quote} Even with this being extremely oversold?
The psychology of it all is to buy when it's over sold, but currencies can remain oversold for extended periods of time. If you follow Aussie regularly you can see that.

Can you exploit this condition? Yes, if, and only, if you place your entry correctly. Yesterday, everyone was saying bull train coming on Aussie and it's made two consecutive lows.

Many can't find the right entry simply because the buy when it's "oversold" and nothing more.
When the facts change I change my mind, what do you do sir
  • #61,239
  • Aug 1, 2013 8:56am Aug 1, 2013 8:56am
Quoting JollyBean
{quote} lol I understand, but I think the sooner you accept that losses are just part of the game, the sooner you'll start enjoying success in trading.

Yup why not Not only "I " will get success " we " will get Success Soon ok so AUS_Sep little More Down then Up side
waiting for RBA .................
  • #61,240
  • Aug 1, 2013 9:00am Aug 1, 2013 9:00am
And made another low.....
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-01-TOS_CHARTS.png Size: 123 KB
When the facts change I change my mind, what do you do sir
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