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AUD/USD

  • #62,381
  • Aug 15, 2013 8:47pm Aug 15, 2013 8:47pm
Quoting samirs
{quote} i am long with good green pips...was wondering whether to close or this beast will break the barrier this time
use trailing stop to cover your profits in case...
Get Rich or Die Tryin
  • #62,382
  • Aug 15, 2013 9:41pm Aug 15, 2013 9:41pm
Quoting 5percent
{quote} PA, volatility for bo above 0.9162 or under 0.9149 should probably come in 12 minute time at CPI or unemployment claims. {image}
last bear standing at 0.9175-87. stops at above 0.9192. provided PA closed above 0.9190 for further burst break out.

meanwhile range have reached the upper end of yesterday's high area, suggest for trailing or take profit. further buy stops can be used to catch further up moves.

Or positive hedging for long can be done, for example if too biased for long and don't want to tp yet, if buy 0.9088 on fibo 23.6, can open a live sell @ 0.9175 as its a last bear. and further buy stops above 0.9190. provided your brokers allowed hedging.

without take profit .

price should capped under yesterday's high 0.9187 till opening europe sessions or any other news or breakout from USD's again.
  • #62,383
  • Aug 15, 2013 9:46pm Aug 15, 2013 9:46pm
Quoting 5percent
{quote} 1st identify where the stop loss - > risk. 2ndly, if PA does not close under last support = no break out. See hour 1. PA just exploded and USD going down. USDJPY's R T S likely at 96.85-97.05. Price have power to move still. Follow what price wants to do! i am confused by what people are talking about formation this and that, when they don't know how the real world are dealing in the Fx banks. Do try to ask someone from tier 1 banks, and how money are move, and try to in-sync them to the chart to make rational reasoning. Indicators can...
As shown on last pic's. PA did not closed under last low of support, putting price in range. Thus, range's fibo in used.
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  • #62,384
  • Aug 15, 2013 10:17pm Aug 15, 2013 10:17pm
Interesting to see how S&P sold off heavily towards end of NY Session for fear of a "Taper" or possibility of one. Forex markets have remained pretty still which isn't surprising.

However as for sake of "event driven" strategy I wonder if we are to expect a strong USD regardless and thus, a bearish take on the AUD.USD. While I DO believe that there are some unwinds (shorts) taking place on this pair, in the middle of that traffic will we see somewhat of a strong USD move to bring this pair back down as we get closer and closer to the Fed announcement.
The coincidental success is more dangerous than the expected failure
  • #62,385
  • Aug 15, 2013 10:27pm Aug 15, 2013 10:27pm
For now Aud/Usd is useless, anyone still trading it is just taking unnecessary risks
The fragrance remains in the hands of those that gves the rose
  • #62,386
  • Aug 15, 2013 11:15pm Aug 15, 2013 11:15pm
Quoting okosodo
For now Aud/Usd is useless, anyone still trading it is just taking unnecessary risks

Remember...PERCEIVED risks. Not actual
The coincidental success is more dangerous than the expected failure
  • #62,387
  • Aug 15, 2013 11:48pm Aug 15, 2013 11:48pm
This aud is still going up ?
  • #62,388
  • Aug 16, 2013 12:37am Aug 16, 2013 12:37am
Quoting okosodo
For now Aud/Usd is useless, anyone still trading it is just taking unnecessary risks
Only trade long on AU, long open from 913 target 1 is 918 (now) from where add to position if reaches above 920 or close just before and open another long around 905 / 7

Risk?
  • #62,389
  • Aug 16, 2013 12:47am Aug 16, 2013 12:47am
Quoting Nagy Attila
Looking to close all Long on Aud/Usd at 0,918...and short sometimes next week Eur/Usd long and DAX short already closed
0,9180 hit and closed all Longs on Aud/Usd
Too Much Is Never Enough
  • #62,390
  • Aug 16, 2013 12:49am Aug 16, 2013 12:49am
9240 tp
Sean Patel
  • #62,391
  • Aug 16, 2013 1:02am Aug 16, 2013 1:02am
Quoting Nagy Attila
{quote} 0,9180 hit and closed all Longs on Aud/Usd
Walla Maybe ya Habibi
  • #62,392
  • Aug 16, 2013 1:12am Aug 16, 2013 1:12am
Quoting Tmsago
{quote}
Thanks and have a nice weekend

GL

Cheers
Too Much Is Never Enough
  • #62,393
  • Aug 16, 2013 1:20am Aug 16, 2013 1:20am
Quoting Trade Master
9240 tp
It looks like it might reach that target.

GL and have a nice weekend
Too Much Is Never Enough
  • #62,394
  • Aug 16, 2013 1:58am Aug 16, 2013 1:58am
Quoting Dream_trader
Im short from 0.9180, now SL 0.9170, TP 0.9020. News made good job and I think it will go to target. Earlier that price I will not go long in long term (mean - few days).

That was good idea to take TP with 1 lot. Now going again short, 1TP 0.9110, 2TP 0.9070 (or 0.9020/ news etc.), SL 0.9200.
  • #62,395
  • Aug 16, 2013 2:00am Aug 16, 2013 2:00am
0.92 rejected?
Logics do not apply in FOREX
  • #62,396
  • Aug 16, 2013 2:18am Aug 16, 2013 2:18am
Going down 1 terget 9150
Sean Patel
  • #62,397
  • Aug 16, 2013 2:42am Aug 16, 2013 2:42am
HII ALL i am new to forex and i am having a question that i had sold audusd should i hold it for now i sold it at 0.91025
  • #62,398
  • Aug 16, 2013 3:36am Aug 16, 2013 3:36am
Quoting parth1111
HII ALL i am new to forex and i am having a question that i had sold audusd should i hold it for now i sold it at 0.91025
There is triangle (15min), but I dont know does it get to you short price. Keep SL at 0.9200 and wait.

I suggest to make 2 sub-accounts. If one goes red (-50pips or so), make second entry with tight SL and hope that both will go to green pips. That is useable if you trade by price levels (fibonacci, pivots, support etc.).

I wait for 0.9120, then I will place SL back to 0.9180. If price will hit SL, then it is all for AUD/USD in this picture.
  • #62,399
  • Aug 16, 2013 3:51am Aug 16, 2013 3:51am
Quoting parth1111
HII ALL i am new to forex and i am having a question that i had sold audusd should i hold it for now i sold it at 0.91025

warning

If you are new -> never ever place deposit with any broker! No matter what you are doing, you are definitely not trading, you are gambling and wasting money!
Don't be fool by deposit bonus -> all bonus cannot be withdraw until you trade certain lot size -> Suicide because of leverage.
You can mess up with demo accounts all you want, but you might not learn anything because there's no real live engagement of your psychology and emotions involve.

Trade with money you can lose and say goodbye with. Because no matter how lucky or tyco you, only need 1 time to wipe out your account! No one in the world can trade forex without losing money at 1st. So whatever you have now that you put are prepared to be lost and paid for school fees, for not having enuff preparation before you enter this kind of speculative market.

Any leverage more than 1:50, or even 1:10, you are risking more than enough.

If you don't have a working strategy/system with a fixed risk management and stop loss in place, you are not trading, you are gambling trying to trade with " HOPE and LUCK ".

Those who learn how to trade themselves will lose money and through experience and self-study/research they might trade again.

If you are serious to trade, take at least 3-6month to research and find out, then practice on a system and method with a fixed approach and guidelines. Don't ever dream about entering the market to make money. You will lose money no doubt 99%. Just a matter of time.

In fact even with so called holygrails and system out there you might find, might be working for someone, but definitely not the same for everyone. So even with those systems and etc, it's not going to work all the time. Losses are part of trading and must be accepted at all cause.

Plan your trade, trade your plan. If you don't have a stop loss in place, then good luck.

Best advice - > Don't even get started.

good luck, after you blow your account you might read this reply again.
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  • #62,400
  • Aug 16, 2013 4:03am Aug 16, 2013 4:03am
Quoting 5percent
{quote} warning If you are new -> never ever place deposit with any broker! No matter what you are doing, you are definitely not trading, you are gambling and wasting money! Don't be fool by deposit bonus -> all bonus cannot be withdraw until you trade certain lot size -> Suicide because of leverage. You can mess up with demo accounts all you want, but you might not learn anything because there's no real live engagement of your psychology and emotions involve. Trade with money you can lose and say goodbye with. Because no matter how lucky or tyco...

That's a very good advice!

I have 10+ years experience on stock markets, I trade for a living and yet with Forex I am still "new" to it and lose sometimes.
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