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AUD/USD

  • #61,621
  • Aug 5, 2013 6:49pm Aug 5, 2013 6:49pm
Quoting Pip Anon
{quote} We should see movement about an hr or two prior to announcement. At lest usually that's what Aussie does. Tends to dift in the opposite direction the news is expecting to be. I am not placing an order prior. Some may get lucky, but I am going to try and fade the spike. Profit target 30-40 pips, risk 15-20 depending on the candle prior to execution. Not looking to carry longs yet.

fade the spike?
  • #61,622
  • Aug 5, 2013 6:56pm Aug 5, 2013 6:56pm
Quoting Pip Anon
{quote} We should see movement about an hr or two prior to announcement. At lest usually that's what Aussie does. Tends to dift in the opposite direction the news is expecting to be. I am not placing an order prior. Some may get lucky, but I am going to try and fade the spike. Profit target 30-40 pips, risk 15-20 depending on the candle prior to execution. Not looking to carry longs yet.
i am neither long nor short. i am watcher for now. 0.8770 possible hit with release or not. it is not important. price will form more positive divergences with macd so price must go down further (daily is ready(but wants more higher low at macd) but h4 is not.) we will see. patient.


p.s:i wait monthly bottom between 0.8734-0.8800
  • #61,623
  • Aug 5, 2013 6:59pm Aug 5, 2013 6:59pm
Im going long right now. 1500 to 1 leverage on 50 bucks that is my life savings.
The coincidental success is more dangerous than the expected failure
  • #61,624
  • Aug 5, 2013 7:03pm Aug 5, 2013 7:03pm
Quoting Murdetrain
{quote} fade the spike?
Yes. I will sell or buy into the price exhaustion that happens after large spikes due to these events. You get that giant pop on the lower TF, and traders think it's bullish, but price action more times than not will revert to the mean before continuing on it's direction.

Some say why not play it before the news is released, but how many times have others said to have done that with it going not like expected. This way direction is irrelevant. Usually out in 15-20 mins.
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When the facts change I change my mind, what do you do sir
  • #61,625
  • Aug 5, 2013 7:05pm Aug 5, 2013 7:05pm
Quoting P.Action
{quote} i am neither long nor short. i am watcher for now. 0.8770 possible hit with release or not. it is not important. price will form more positive divergences with macd so price must go down further (daily is ready(but wants more higher low at macd) but h4 is not.) we will see. patient. p.s:i wait monthly bottom between 0.8734-0.8800
I get you P. Action I am not looking to long it until its near .875, which news may take it there. If it is a news related drop, I will wait for consolidation.

My fade strategies are just other tools I like to pull out and test to make sure they are still in working order lol
When the facts change I change my mind, what do you do sir
  • #61,626
  • Aug 5, 2013 7:17pm Aug 5, 2013 7:17pm
RBA in 4 hours.

8850/8860 longs triggered.

buy at market if you dont want to miss boat, tight sl of course, after RBA you can do wide sl



8890 conservative entry

8850 very conservative entry

targets for this week 8990/9000

i dont think we will close above that, or if we do, maybe 9035
Be hopeful in a winning position, and fearful in a losing position.
  • #61,627
  • Aug 5, 2013 7:20pm Aug 5, 2013 7:20pm
Quoting Neqrotik
Im going long right now. 1500 to 1 leverage on 50 bucks that is my life savings.
omg.. Are you serious? What if the price drop 51 pips after the RBA rate announcment and then move all the way up to 0.93XX
  • #61,628
  • Aug 5, 2013 7:29pm Aug 5, 2013 7:29pm
I think I will go long after the news.

100 tick AUD/USD
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  • #61,629
  • Aug 5, 2013 7:39pm Aug 5, 2013 7:39pm
Quoting Pip Anon
{quote} Yes. I will sell or buy into the price exhaustion that happens after large spikes due to these events. You get that giant pop on the lower TF, and traders think it's bullish, but price action more times than not will revert to the mean before continuing on it's direction. Some say why not play it before the news is released, but how many times have others said to have done that with it going not like expected. This way direction is irrelevant. Usually out in 15-20 mins. {image}
I use this strategy: with 2 different accounts,
works great,
also worth the effort (1 mobile, 1 computer MT4 for ex.)

sell from top in one
buy from bot in the other

you just have to be really careful, slow yourself / be patient.

just like a sniper...

edit: and closing them is like taking the shot =)
you either miss or hit
but your leverage negates the risks if it is high (1:400/500 etc)
(pip value)
  • #61,630
  • Aug 5, 2013 7:40pm Aug 5, 2013 7:40pm
we have news in 1 hour (2:30 BST british summer time) and at 5:30 am...News about the AUD healh macroeconomic...anyone knows Aud situation and what results are expecting and impact on the market?
grateful
  • #61,631
  • Aug 5, 2013 8:18pm Aug 5, 2013 8:18pm
Quoting xandi
we have news in 1 hour (2:30 BST british summer time) and at 5:30 am...News about the AUD healh macroeconomic...anyone knows Aud situation and what results are expecting and impact on the market? grateful
13 minutes left...should I wait a little more?

ps: price this week will go to 0.90 and close the week here at 0.8915
  • #61,632
  • Aug 5, 2013 8:23pm Aug 5, 2013 8:23pm
Quoting xandi
{quote} 13 minutes left...should I wait a little more? ps: price this week will go to 0.90 and close the week here at 0.8915
Down down down!!


Trade Balance should be bad from weaker AUD... short term anyway.
Even the worst trade can close with profit. Just give it time.
  • #61,633
  • Aug 5, 2013 8:27pm Aug 5, 2013 8:27pm
wasn't too bad last month and in the month before...
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  • #61,634
  • Aug 5, 2013 8:31pm Aug 5, 2013 8:31pm
please go down already
  • #61,635
  • Aug 5, 2013 8:33pm Aug 5, 2013 8:33pm
Quoting Gwan
please go down already
Maybe market doesn't care.. they already priced in rate cut.

Of course it will drop more, I will long at 85c too scared to touch it
Even the worst trade can close with profit. Just give it time.
  • #61,636
  • Aug 5, 2013 8:33pm Aug 5, 2013 8:33pm
Quoting Gwan
please go down already

Answer your phone....I'm margin calling you....
The coincidental success is more dangerous than the expected failure
  • #61,637
  • Aug 5, 2013 8:33pm Aug 5, 2013 8:33pm
Interesting, very very little market reaction. Guess we are waiting on RBA tonight. I am buying the lows.... for now.
  • #61,638
  • Aug 5, 2013 8:35pm Aug 5, 2013 8:35pm
Quoting Mobious
Interesting, very very little market reaction. Guess we are waiting on RBA tonight. I am buying the lows.... for now.
Good luck to you..

I think long term buys are winners.

But I think rate cut will have biggest impact on AUD/NZD
Even the worst trade can close with profit. Just give it time.
  • #61,639
  • Aug 5, 2013 8:38pm Aug 5, 2013 8:38pm
not bad...iŽll keep it!!!
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  • #61,640
  • Aug 5, 2013 8:42pm Aug 5, 2013 8:42pm
Quoting xandi
not bad...iŽll keep it!!! {image}
Well I got one thing right, the data was bad!

I didnt trade it thankfully
Even the worst trade can close with profit. Just give it time.
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