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AUD/USD

  • #61,281
  • Aug 1, 2013 8:57pm Aug 1, 2013 8:57pm
Quoting Tmsago
{quote} i just want to know, still new and cant get everything you say .. i didn't want to place the question without a smiley face
Ok. Then my answer is stay away from this pair right now. Seriously.
  • #61,282
  • Aug 1, 2013 8:57pm Aug 1, 2013 8:57pm
Quoting k3nshinz3139
{quote} Hold until NFP...
Trade what you see, not what you think!
  • #61,283
  • Aug 1, 2013 9:01pm Aug 1, 2013 9:01pm
Sorry bulls lol. I'm usually the contrarian in the room, but I think those longs are
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-01-TOS_CHARTS.png Size: 114 KB
When the facts change I change my mind, what do you do sir
  • #61,284
  • Aug 1, 2013 9:04pm Aug 1, 2013 9:04pm
Quoting 2+2=4ex
{quote} Ok. Then my answer is stay away from this pair right now. Seriously.
i'll take your advice, thanx
Walla Maybe ya Habibi
  • #61,285
  • Aug 1, 2013 9:07pm Aug 1, 2013 9:07pm
Quoting k3nshinz3139
{quote} Hold until NFP...
Well if it follows the ADP Aussie longs won't last
When the facts change I change my mind, what do you do sir
  • #61,286
  • Aug 1, 2013 9:11pm Aug 1, 2013 9:11pm
back to 89
Gold Annihilation System
  • #61,287
  • Aug 1, 2013 9:13pm Aug 1, 2013 9:13pm
Quoting Pip Anon
{quote} Well if it follows the ADP Aussie longs won't last
Yes.. SL 50 pips from here..

max 50 pips for me
  • #61,288
  • Aug 1, 2013 9:19pm Aug 1, 2013 9:19pm
buy stops were triggered below 89.00 - Now market goes only higher
Gold Annihilation System
  • #61,289
  • Aug 1, 2013 9:25pm Aug 1, 2013 9:25pm
Quoting Hunterrus
buy stops were triggered below 89.00 - Now market goes only higher
You've said that for the last week and made 4 new lows in 3 sessions
When the facts change I change my mind, what do you do sir
  • #61,290
  • Aug 1, 2013 9:27pm Aug 1, 2013 9:27pm
Yeah I read that too and was like..um o.k, why exactly is it going higher?
The coincidental success is more dangerous than the expected failure
  • #61,291
  • Aug 1, 2013 9:27pm Aug 1, 2013 9:27pm
Quoting Pip Anon
{quote} You've said that for the last week and made 4 new lows in 3 sessions
=)) that is too much for even 3 days - you will see
Gold Annihilation System
  • #61,292
  • Aug 1, 2013 9:33pm Aug 1, 2013 9:33pm
bbeen short on this ppair sincee .9067. I see it going lower, possible to see a little retrace, but i think with Adp numbers today, nfp will follow tomorrow. Strong dollar, weakens aussie. Go bears
  • #61,293
  • Aug 1, 2013 9:35pm Aug 1, 2013 9:35pm
Quoting Hunterrus
{quote} =)) that is too much for even 3 days - you will see
Not if you look at the big picture. Its very much bearish. Your falling for thr bull trap in a bearish territory IMO
  • #61,294
  • Aug 1, 2013 9:35pm Aug 1, 2013 9:35pm
Quoting Hunterrus
{quote} =)) that is too much for even 3 days - you will see

So basically you'll keep saying it until it eventually happens? Not good forecasting lol.

Yes, it will go up. But is it bullish? No, just a mean reversion. Not saying you have, but if you longed every time you said, hope you had tight SL brother
When the facts change I change my mind, what do you do sir
  • #61,295
  • Aug 1, 2013 9:42pm Aug 1, 2013 9:42pm
Quoting Hunterrus
buy stops were triggered below 89.00 - Now market goes only higher

IMO, it might not even be buy stop triggered. It just might be traders waiting for NFP to gives a clearer direction. Not forgetting traders are also waiting for next week IR cut for further clues.
The true fact is market doesn't care, risk mgt is important.
  • #61,296
  • Aug 1, 2013 9:49pm Aug 1, 2013 9:49pm
Quoting Pip Anon
{quote} Yes, it will go up. But is it bullish? No, just a mean reversion.
Pip Anon is right, this is not bullish. This is merely retracement which is normal. With a lower low, there is no bullishness. Again with the RBA hammering its own currency, I don't see how it can be bullish unless .90 level is taken back with a daily close. Sorry.
The true fact is market doesn't care, risk mgt is important.
  • #61,297
  • Aug 1, 2013 10:01pm Aug 1, 2013 10:01pm
Quoting Ssm
{quote} Pip Anon is right, this is not bullish. This is merely retracement which is normal. With a lower low, there is no bullishness. Again with the RBA hammering its own currency, I don't see how it can be bullish unless .90 level is taken back with a daily close. Sorry.
Some people may play mean reversions. I have a few strategies for that, but most traders are not correction orientated. They seem to be the keep trying to find a bottom for like an 800 pip rip.

Not yet. Soon maybe.


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When the facts change I change my mind, what do you do sir
  • #61,298
  • Aug 1, 2013 10:27pm Aug 1, 2013 10:27pm
Quoting Pip Anon
{quote} Some people may play mean reversions. I have a few strategies for that, but most traders are not correction orientated. They seem to be the keep trying to find a bottom for like an 800 pip rip. Not yet. Soon maybe. http://www.youtube.com/watch?v=N5wVZwdHmRY {image}
Don't Stop Believing, such a great one. You could post that 100 times and I will keep playing it. Anyway, stubbornness can be a killer and a savior. It all depends on the approach.
  • #61,299
  • Aug 1, 2013 10:28pm Aug 1, 2013 10:28pm
Hi
Iam new to this site . Hello to everyone.NICE reminder i think 8815 to 8891 is danger zoon 8815 will be double bottom.Everyone see this SO Most of the
time without touching 8815 auzi might bounce 50 or 60 pips before



cheers
  • #61,300
  • Aug 1, 2013 10:35pm Aug 1, 2013 10:35pm
Quoting 2+2=4ex
{quote} Don't Stop Believing, such a great one. You could post that 100 times and I will keep playing it. Anyway, stubbornness can be a killer and a savior. It all depends on the approach.
Lol but has to be Steve Perry! See the thing is, why try and catch it dropping off the Empire State building? If there is a true reversal, is missing 100 pips to get confirmation a big deal in a 400+ correction?

Save the pips and wait until it truly turns. I mean you can lose 150-200 pips alone getting stopped out. I may action long this beast near .877
When the facts change I change my mind, what do you do sir
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