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AUD/USD

  • #63,961
  • Sep 4, 2013 6:15am Sep 4, 2013 6:15am
Quoting fxtyrant
{quote} and in your opinion is our momentum up or down? to me 2+2=4ex's Weekly chart already a nice show of Downwards momentum slowdown.... H4, already showing a retracement momentum upwards....
hey fxtyrant, i see the momentum up, as mentioned in my previous posts. i'm a position trader btw, so it means i will be building my long position in AUDUSD. good luck.
Data Miner
  • #63,962
  • Sep 4, 2013 6:33am Sep 4, 2013 6:33am
Quoting fxtyrant
{quote} and in your opinion is our momentum up or down? to me 2+2=4ex's Weekly chart already a nice show of Downwards momentum slowdown.... H4, already showing a retracement momentum upwards....
I see momentum as slowing downwards. Upwards momentum not until we break the inverse H/S neckline.

I'm holding long from .9130 right now with a stop above BE. See what US session holds.

I think we will be due for a leg down at some point, maybe thats 92, maybe 9250, or 93. By that time we should know about Syria and know about taper and I will decide my 3 month plan.
  • #63,963
  • Sep 4, 2013 6:37am Sep 4, 2013 6:37am
Quoting 2+2=4ex
{quote} I initially wasn't going to reply to this, but I will before I leave. I don't think it is fair of you to say that I am not helpful or imply that I am unwilling to help. I have helped other traders here whether on threads or through private messages. As you can see I also have a website where I share some ideas, but more importantly, traders have contacted me through the site and I have helped them out where I feel I can be of some help. I don't have all the answers, but I do have some experience. I also don't believe it is my responsibility...
The question is whether your help is actually HELPFUL, not harmful. And once again, do you put your goals and results on your site? Or is it just another place for you to rant?

You might have that experience you might not. You might have some answers you might not. These things are irreverent if you don't show your RESULTS. Instead we have to talk back and forth, when you just could show your gains and all non-believers, haters or doubters (like myself) would shut instantly.

I used shopping malls analogy, because we have some kind of institutions who can tell between good and bad (whether they get paid or not) and CAN protect users who have no knowledge to protect them self from harm, while in here, trading forum/trading world there is no such thing. And once again, you are the GOODS for which newbies come here. And my key point is - IF YOU DO PROVIDE THESE GOODS, your opinion on matters/trades, please make yourself a real thing. But if you are looking only to kill time, toying with other people's money/time and not taking any responsibility for that, then we are back to my main point - for what satisfactory reasons are you doing this? Because no man waste his time without getting something back. Whether its recognition or some kind of fake fame or whatever reason.


In the end, a simple question - will you or will you not share your results?
Trololololo
  • #63,964
  • Sep 4, 2013 6:46am Sep 4, 2013 6:46am
Quoting edindzeko
{quote} I see momentum as slowing downwards. Upwards momentum not until we break the inverse H/S neckline. I'm holding long from .9130 right now with a stop above BE. See what US session holds. I think we will be due for a leg down at some point, maybe thats 92, maybe 9250, or 93. By that time we should know about Syria and know about taper and I will decide my 3 month plan.
hi edindzeko, i agree there may be pullbacks at round numbers (.90 and .9050). however, i am long AUDUSD and build on pullbacks with my SL until there is a change in momentum. will come back to this thread to brainstorm with the long term traders like yourself.
Data Miner
  • #63,965
  • Sep 4, 2013 6:49am Sep 4, 2013 6:49am
Quoting pips29
I have to tell you I have traded longer than you and I have my system in place. I have anticipated the move and if not for the fear of war in syria I would have been right or at least half right. A loss is still a gain if you have learned something from it. That's why I use SL. Just make sure r:r in one's favour. I took a long at LO when Asia high was taken out. In green pips. Not looking for much as trade was taken on h1 chart. Just 50 pips. It is G/u and at stop at b/e now. Got to go before the fresh fish run out at the beachfront
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 57 KB

guys, just got back. caught a 50 pips gain on this pair. got my fish as well. Beautiful sunshine here, south england.
the cautious seldom err....C
  • #63,966
  • Sep 4, 2013 6:53am Sep 4, 2013 6:53am
Hi rainmaker, did you long a/u last night
the cautious seldom err....C
  • #63,967
  • Sep 4, 2013 6:57am Sep 4, 2013 6:57am
whether tapering or not tapering I can't understand the reason for a 500 pip fall in eur/aud in 2 days? this is serious selling in 3 days and it it falls to 1.42 i would be very surprised.
  • #63,968
  • Sep 4, 2013 7:00am Sep 4, 2013 7:00am
Quoting giveachance
whether tapering or not tapering I can't understand the reason for a 500 pip fall in eur/aud in 2 days? this is serious selling in 3 days and it it falls to 1.42 i would be very surprised.
because you did not hear the last rumour :

resources boom is actually not dead, it was just a trick for young players.
  • #63,969
  • Sep 4, 2013 7:02am Sep 4, 2013 7:02am
Quoting giveachance
whether tapering or not tapering I can't understand the reason for a 500 pip fall in eur/aud in 2 days? this is serious selling in 3 days and it it falls to 1.42 i would be very surprised.
Why not? A lot has to do with dollar strength imo. Aussie tracking it while its.weighing on the euro. Someone said the same thing to me Sunday about shorting it and look where it is. Remember from low to current high is over 2,800 pips
When the facts change I change my mind, what do you do sir
  • #63,970
  • Sep 4, 2013 7:02am Sep 4, 2013 7:02am
Quoting seaman2
{quote} because you did not hear the last rumour : resources boom is actually not dead, it was just a trick for young players.

oh is it then I think aud was also not dead when it fell from 1.06 to 0.8860. isn't it? don't talk bullshit
  • #63,971
  • Sep 4, 2013 7:02am Sep 4, 2013 7:02am
Currency News Trading

If anyone thinking of trading crosspairs, check out the above for currency strength
the cautious seldom err....C
  • #63,972
  • Sep 4, 2013 7:03am Sep 4, 2013 7:03am
Quoting pips29
Hi rainmaker, did you long a/u last night
hi pips29, i'm watching audusd rip up today. the answer to your question is, no i didn't get into last night since i have a limit order in place for this pair. however, i am short usdcad at 1.0530. i would say wait for pull backs as audusd is attempting to break the bear trendline on the daily. i'd consider building a position if audusd drops to today's open at .9060. however, if it drops to that level in today's session, i'd only take a half of what i was originally going to risk. NOTE: i risk only 0.5-1% of my account for every hypothesis. building a position may be adding a position with my SL at 0.10-0.25% of my fund. every trader is different because of account size and risk tolerance, so adjust to your own settings. will stay with this thread for further brainstorming.
Data Miner
  • #63,973
  • Sep 4, 2013 7:04am Sep 4, 2013 7:04am
Quoting Pip Anon
{quote} Why not? A lot has to do with dollar strength imo. Aussie tracking it while its.weighing on the euro. Someone said the same thing to me Sunday about shorting it and look where it is. Remember from low to current high is over 2,800 pips

I said, I remember but after rba I said I thought it was late to sell it when it was down 350 pips but it has fallen 150 pips again after that. 500 pips fall on expected GDP and RBA meeting of minutes plus a marginally higher PMI does not make sense to me.
  • #63,974
  • Sep 4, 2013 7:06am Sep 4, 2013 7:06am
all the whole world selling aud for days and days

and now nomore sell it?

is this currency suddenly become precious?

Don't give up
  • #63,975
  • Sep 4, 2013 7:07am Sep 4, 2013 7:07am
Quoting Pip Anon
{quote} Why not? A lot has to do with dollar strength imo. Aussie tracking it while its.weighing on the euro. Someone said the same thing to me Sunday about shorting it and look where it is. Remember from low to current high is over 2,800 pips

check the price action on this cross for 1 hr now. its refusing to fall more. may be it realized the fall was just too much
  • #63,976
  • Sep 4, 2013 7:10am Sep 4, 2013 7:10am
Quoting Pip Anon
{quote} Why not? A lot has to do with dollar strength imo. Aussie tracking it while its.weighing on the euro. Someone said the same thing to me Sunday about shorting it and look where it is. Remember from low to current high is over 2,800 pips
It will go to 0.93 as i said
  • #63,977
  • Sep 4, 2013 7:12am Sep 4, 2013 7:12am
Quoting geomink
all the whole world selling aud for days and days and now nomore sell it? is this currency suddenly become precious?
hmm...
AUD Kiwi and Cad were sold off first
most of money moved to Eur and Yen
then Emerging/Asia got sold off...
now Eur got sold off.. money moved out of Eur..
which is why you see Eur/Aud tanking..
  • #63,978
  • Sep 4, 2013 7:13am Sep 4, 2013 7:13am
High ADR in the aud crosses plus low volatility...... the right way to add loss to loss in intraday basis........
Don't give up
  • #63,979
  • Sep 4, 2013 7:13am Sep 4, 2013 7:13am
Quoting yaphets
{quote} It will go to 0.93 as i said

bulls get excited with even a 100 pip rally. such is the condition of this pair. i am sure many people have caught multiple wrong lows in this pair here.
  • #63,980
  • Sep 4, 2013 7:14am Sep 4, 2013 7:14am
Quoting giveachance
{quote} oh is it then I think aud was also not dead when it fell from 1.06 to 0.8860. isn't it? don't talk bullshit

you see when was 106 young players were buying. Now at 88 they are conviction sellers. Market needs victims to push to new highs.

Don't worry, you will get it one day.
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