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AUD/USD

  • #62,641
  • Aug 21, 2013 4:02pm Aug 21, 2013 4:02pm
Quoting yaphets
{quote} If you know when it will go up, you are a god. i'm not god or u r?
Check out what I posted yesterday. It pretty much followed that to a tee. So, does that make me a demi-god?

No, makes me a student who hones his craft without throwing out subjective vagueness.

I wish you no ill, but you cannot throw out statements like that and been taken seriously because there are numerous trolls on here that will repeately say Aussie will go up everyday amongst one of the largest downtrends I have seen in my short time, and after being wrong for weeks there will be a squeeze and then they come back and say "i told ya so."

And if you don't have any other reason for aussie to move up beside it being down 90 pips than say so and I won't bother to comment.

When the facts change I change my mind, what do you do sir
  • #62,642
  • Aug 21, 2013 4:04pm Aug 21, 2013 4:04pm
Quoting Pip Anon
{quote} Because you said near future. That means you have no idea when it will go up with a vague statement like that. You are hoping because it is down 90 pips it will go up eventually. You post no charts. You enter no levels, rhythm or reason for anything. That's all I am saying
The reason i think it will go up because i see many buyers came in, by looking at the spike in each wave. it's my technique
  • #62,643
  • Aug 21, 2013 4:05pm Aug 21, 2013 4:05pm
Quoting yaphets
{quote} The reason i think it will go up because i see many buyers came in, by looking at the spike in each wave. it's my technique
How do you know this when forex volume is not regulated?
When the facts change I change my mind, what do you do sir
  • #62,644
  • Aug 21, 2013 4:06pm Aug 21, 2013 4:06pm
Quoting Pip Anon
{quote} Check out what I posted yesterday. It pretty much followed that to a tee. So, does that make me a demi-god? No, makes me a student who hones his craft without throwing out subjective vagueness. I wish you no ill, but you cannot throw out statements like that and been taken seriously because there are numerous trolls on here that will repeately say Aussie will go up everyday amongst one of the largest downtrends I have seen in my short time, and after being wrong for weeks there will be a squeeze and then they come back and say "i told ya...
how can you say it is the largest downtrend, any proof?
  • #62,645
  • Aug 21, 2013 4:08pm Aug 21, 2013 4:08pm
Quoting FXEngineer
Need to break upper TL and then .... {image}
what chart is this?
  • #62,646
  • Aug 21, 2013 4:09pm Aug 21, 2013 4:09pm
Quoting yaphets
{quote} how can you say it is the largest downtrend, any proof?
Holy shite, I said in my time that I have seen. 1,800 pips in 4-5 months is a lot on a major, not minor cross, pair
When the facts change I change my mind, what do you do sir
  • #62,647
  • Aug 21, 2013 4:16pm Aug 21, 2013 4:16pm
Quoting Pip Anon
{quote} How do you know this when forex volume is not regulated?
CME group is the major place to regulate the price.
  • #62,648
  • Aug 21, 2013 4:20pm Aug 21, 2013 4:20pm
Quoting Pip Anon
{quote} Holy shite, I said in my time that I have seen. 1,800 pips in 4-5 months is a lot on a major, not minor cross, pair
This should be the time that it will go up ,because in my view, aussie tried to dump their currency to benefit their businesses in the country. It's not the major crisis like 2008, it's the recession.
  • #62,649
  • Aug 21, 2013 4:21pm Aug 21, 2013 4:21pm
Quoting yaphets
{quote} CME group is the major place to regulate the price.
Futures, not spot FX. They follow somewhat. /6A over half the option activity are puts.

Spot FX is not regulated.
When the facts change I change my mind, what do you do sir
  • #62,650
  • Aug 21, 2013 4:22pm Aug 21, 2013 4:22pm
Quoting Pip Anon
{quote} Futures, not spot FX. They follow somewhat. /6A over half the option activity are puts. Spot FX is not regulated.
spot fx is not regulated, but the price is regulated.
  • #62,651
  • Aug 21, 2013 4:25pm Aug 21, 2013 4:25pm
Quoting Pip Anon
{quote} Futures, not spot FX. They follow somewhat. /6A over half the option activity are puts. Spot FX is not regulated.
don't you know that fx price is not only moved by spot?
  • #62,652
  • Aug 21, 2013 4:30pm Aug 21, 2013 4:30pm
Quoting yaphets
{quote} This should be the time that it will go up ,because in my view, aussie tried to dump their currency to benefit their businesses in the country. It's not the major crisis like 2008, it's the recession.
What does that matter? The currency was down only half the year and blasted upwards while others remained flat or declining. Aussie until recently was one of the best performing currencies.

Things that are different now: theres no mining boom. Mining investment is forecasted to gradually decrease. No high commodity prices - relative to current date - to aid in GDP. Unemployment ticking up. Growth declining.

It might be a recession, but we live in the world of quantitative easing. This is what banks do to spur growth (i.e. not good for Aussie).

Just for your visual aid
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-21-TOS_CHARTS.png Size: 138 KB
When the facts change I change my mind, what do you do sir
  • #62,653
  • Aug 21, 2013 4:35pm Aug 21, 2013 4:35pm
Quoting Pip Anon
{quote} What does that matter? The currency was down only half the year and blasted upwards while others remained flat or declining. Aussie until recently was one of the best performing currencies. Things that are different now: theres no mining boom. Mining investment is forecasted to gradually decrease. No high commodity prices - relative to current date - to aid in GDP. Unemployment ticking up. Growth declining. It might be a recession, but we live in the world of quantitative easing. This is what banks do to spur growth (i.e. not good for Aussie)....

The things you al said are only the perception of the market, but you did not consider the expectation of the market. The price by perception and expectation of the participants in the market.
  • #62,654
  • Aug 21, 2013 4:36pm Aug 21, 2013 4:36pm
Quoting yaphets
{quote} The things you al said are only the perception of the market, but you did not consider the expectation of the market. The price by perception and expectation of the participants in the market.
Dude look at the decline, what the hell do you think their perception and expectations were? Not very much apparently.

You don't see a 1,800 pip decline because we all have great warm expectations of the australian dollar, but whatever.

Good luck
When the facts change I change my mind, what do you do sir
  • #62,655
  • Aug 21, 2013 4:42pm Aug 21, 2013 4:42pm
Quoting Pip Anon
{quote} Dude look at the decline, what the hell do you think their perception and expectations were? Not very much apparently. You don't see a 1,800 pip decline because we all have great warm expectations of the australian dollar, but whatever. Good luck

So, you wanna tell me that if it drop 1800 pips, it will further drop?
  • #62,656
  • Aug 21, 2013 4:47pm Aug 21, 2013 4:47pm
Quoting yaphets
{quote} So, you wanna tell me that if it drop 1800 pips, it will further drop?
You tell me? After 500 pips? 700 pips? 900 pips? 1,000 pips? 1,200 pips? 1,400 pips? 1,600 pips?

I follow the market. I see further downside to .8759, pull back to .91, than year end mid-.85s.
When the facts change I change my mind, what do you do sir
  • #62,657
  • Aug 21, 2013 4:48pm Aug 21, 2013 4:48pm
Quoting Rag2RichesFX
man. haven't seen something like that in a long long time fooled the hell out of me. i should have taken all the profits and re entered lower...
Watch your stochastics boys...............

When multiple TF's have the STO burried, that's the direction it will tinkle to....................
The More You Learn, The More You Earn.....
  • #62,658
  • Aug 21, 2013 4:49pm Aug 21, 2013 4:49pm
Quoting samirs
{quote} what target are you looking for?
around 9200-9400 range
  • #62,659
  • Aug 21, 2013 4:55pm Aug 21, 2013 4:55pm
Quoting Pip Anon
{quote} You tell me? After 500 pips? 700 pips? 900 pips? 1,000 pips? 1,200 pips? 1,400 pips? 1,600 pips? I follow the market. I see further downside to .8759, pull back to .91, than year end mid-.85s.

so, what is your target?
  • #62,660
  • Aug 21, 2013 4:56pm Aug 21, 2013 4:56pm
Quoting yaphets
{quote} so, what is your target?
I just told you. I am looking for trend. Not every 80 pip squeeze that lasts the day. Squeezes have yet to convince me of sentiment and trend change.
When the facts change I change my mind, what do you do sir
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