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AUD/USD

  • #61,561
  • Aug 5, 2013 2:29am Aug 5, 2013 2:29am
Quoting Pip Anon
{quote} Lol everyone Although I would hate to agree with Oanda, I think 150-200 more pips lower and we could see some bounce. Only problem with Oanda's crew is they've been early every week. I was once told "being early is the same as being wrong." So, we'll see I think there may not be negative reaction if a rate cut happens, but I think if there is negative guidance that could drop the pair.
Well said. Yea it could go either way on rate decision reaction. It looks like it probably won't affect me cause I'm out of this pair right now and most probably won't be back in before the rate announcement tomorrow. I'm just sitting here waiting for an opportunity to short.
  • #61,562
  • Aug 5, 2013 2:35am Aug 5, 2013 2:35am
Quoting 2+2=4ex
{quote} Well said. Yea it could go either way on rate decision reaction. It looks like it probably won't affect me cause I'm out of this pair right now and most probably won't be back in before the rate announcement tomorrow. I'm just sitting here waiting for an opportunity to short.
Ditto. I am looking to fade any spike after the decision.
When the facts change I change my mind, what do you do sir
  • #61,563
  • Aug 5, 2013 2:37am Aug 5, 2013 2:37am
Quoting JollyBean
{quote} I think it'd actually be possible to develop a trading system around nothing else but this and be profitable. Say if I was a hardcore contrarian trader, perhaps I'd just open a trade whenever 70% or greater goes in the opposite direction. Not sure how that would work out
It would probably work out in the long haul in conjunction with something else. I don't read too much into the open position ratio (OPR) by itself. But if you built a strategy that used that information along with trend direction, that might be enough to make some profit long term. I honestly don't look at OPR and trend alone either though. I use these technical items along with other technical items and news (fundamentals analysis). Painting a whole picture gives you the best chance to succeed, from my experience.
  • #61,564
  • Aug 5, 2013 5:32am Aug 5, 2013 5:32am
HI Due to election i think there is going to be a shortsqueeeeeez in aud
cheers
  • #61,565
  • Aug 5, 2013 6:21am Aug 5, 2013 6:21am
Quoting Pip Anon
{quote} Ditto. I am looking to fade any spike after the decision.
I would not do that unless the spike is down. shorting AUD is pretty much over right after RBA speaks.
  • #61,566
  • Aug 5, 2013 6:37am Aug 5, 2013 6:37am
Quoting lazy
HI Due to election i think there is going to be a shortsqueeeeeez in aud cheers
Hi there Lazy, do you have any knowledge on where the stops are that would precipitate the squeeze?
  • #61,567
  • Aug 5, 2013 6:39am Aug 5, 2013 6:39am
Quoting Riotgrrl
{quote} I would not do that unless the spike is down. shorting AUD is pretty much over right after RBA speaks.
not always,
but I never trade before news.

wait at least 15-30 min.
trend will show itself...

I just trade the price action, when trend is determined...
  • #61,568
  • Aug 5, 2013 7:55am Aug 5, 2013 7:55am
well i am already on long position and 20 pips in loss. was thinking that the price will find resistance at 0.900

will keep the position open
Come tomorrow, I'll wake up new
  • #61,569
  • Aug 5, 2013 8:12am Aug 5, 2013 8:12am
Took 23 pips about an hour ago on the AUDUSD, foresaw the aussy retracing to the pivot point. All trends indicated short, the news early on about retail caused the unnecessary drop in the Aussy a few hours ago though it still must respect the trend, plus as the news was negative the chances of trend continuing short was high. Kept in respect the USD news an hour from now so I traded for a quick 20 pips using the RSI as a guideline from when to sell plus close. I have done similar trades with the daily pivot on the aussy on my last account, the rate of success seemed quite high on this currency with this strategy thus far.
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  • #61,570
  • Aug 5, 2013 8:14am Aug 5, 2013 8:14am
Quoting gsbharaj
well i am already on long position and 20 pips in loss. was thinking that the price will find resistance at 0.900 will keep the position open
You should almost be good now...................
The More You Learn, The More You Earn.....
  • #61,571
  • Aug 5, 2013 8:22am Aug 5, 2013 8:22am
Hasn't been very long into Monday, but it appears we may be ranging the same area as last week. I haven't checked the calendar yet
  • #61,572
  • Aug 5, 2013 8:35am Aug 5, 2013 8:35am
Quoting gsbharaj
well i am already on long position and 20 pips in loss. was thinking that the price will find resistance at 0.900 will keep the position open

I am just in (going long) at 0.98022 but surprised to the the slippage from my broker! My market execution was at 0.98000!
  • #61,573
  • Aug 5, 2013 9:09am Aug 5, 2013 9:09am
Despite good US data, no movement at all, i guess everyone is so focused on tmr rate
Logics do not apply in FOREX
  • #61,574
  • Aug 5, 2013 9:10am Aug 5, 2013 9:10am
Quoting Red Herring
{quote} I am just in (going long) at 0.98022 but surprised to the the slippage from my broker! My market execution was at 0.98000!
Im 900 pips from that level. U prob meant 0.8900 ...
  • #61,575
  • Aug 5, 2013 9:19am Aug 5, 2013 9:19am
Instead of falling, there's actually a slight upward movement.

Hmm!
  • #61,576
  • Aug 5, 2013 9:57am Aug 5, 2013 9:57am
Quoting JollyBean
Instead of falling, there's actually a slight upward movement. Hmm!

each hour that passes shows more

each candle tells a story......

reading it with interest......


happy trading....

Faller.
I don't trust any move - when you have profit...take it.
  • #61,577
  • Aug 5, 2013 10:01am Aug 5, 2013 10:01am
ok, not going more lower than this, expect high thing, great moments, upward feelings!!!! again...
  • #61,578
  • Aug 5, 2013 10:01am Aug 5, 2013 10:01am
Quoting Pip Anon
{quote} Lol the shite people say just amazes me. Usually, I am not one to "judge," but in the 12 years of "forced" education how do you not retain anything? Hey, as long as you can blame whitey what more do you need? F++k n+++a, b+++h n+++a lol What is surprising, well not really, are the kids She sank like a stone lol
If you're white or not poor, you have no standing to make these claims. Discrimination is alive and doing quite well. When you grow up in such poverty and are discriminated against your whole life just for being black, there is very little chance of becoming anything in life or even ridding yourself of ignorance.
  • #61,579
  • Edited 10:30am Aug 5, 2013 10:13am | Edited 10:30am
Quoting card
{quote} If you're white or not poor, you have no standing to make these claims. Discrimination is alive and doing quite well. When you grow up in such poverty and are discriminated against your whole life just for being black, there is very little chance of becoming anything in life or even ridding yourself of ignorance.
Why can't you be something if you're poor? There are plenty of poor folk that try to better themselves. There are those that do what they can. It just shows your ignorance in trying to excuse this behavior as if this is expected. If you expect this out of poor African-Americans, maybe you're the one discriminating.

What claims? Are you going to pull a back card on me? No, I am not poor and yes I am white. I do not discriminate. I have many non-white friends, different races, backgrounds and religions. I work in an area that is heavily Asian and Middle Eastern influence with no issues whatsoever.

However, I will comment on those individuals acting a fool. I cannot help that they feel the need to try and show how "hard" they are, cursing, rude, and inappropriate. I will comment on how by no means what that an example of how to act in front of your child. And I don't give a shite whether you are black, latino, white, or whatever, that it is highly unacceptable for a 5 year old to repeatedly call someone gay. Not to mention, they mall cop was also black and wasn't having any of it.

Do not, ever, try to preach to me. African-American have opportunities if they would take them. It is taking a while for me to complete my degree because I have to work full-time, pay out of pocket. With a 3.6 GPA I get nothing. If I was an African-American with a 3.0 I would get scholarships. There are plenty of assistance for minorities, but it is the cultural street influence that keeps them where they are.

You can say "poor black" this or that. However, there is a manor in which one acts in public. No matter how mad I have gotten at someone, never did the words "bitch nigga" come out.

Perhaps, if they want to not be discriminated maybe they shouldn't act like this. I am a judge of character, of individual qualities. And that group had neither.
When the facts change I change my mind, what do you do sir
  • #61,580
  • Aug 5, 2013 10:17am Aug 5, 2013 10:17am
Quoting Riotgrrl
{quote} I would not do that unless the spike is down. shorting AUD is pretty much over right after RBA speaks.
I use a 5M chart. The spike will exhaust itself, and I will fade it back to it's mean. If all else fails, SL

And the fade is both ways.
When the facts change I change my mind, what do you do sir
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