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AUD/USD

  • #64,341
  • Sep 7, 2013 8:56pm Sep 7, 2013 8:56pm
Quoting mohan76
{quote} possible gap up. 1. result full-filled market was expectation 2. we going to have stable govt after long time ps : i wouldn't touch her until Chinese data
Green Chinese data
  • #64,342
  • Sep 7, 2013 9:03pm Sep 7, 2013 9:03pm
Quoting ibram.forex
{quote} Green Chinese data
yea it was sheduled for tomorrow need to check detail (import)


edit looks import data not good for aud, but export rise might bring risk on
Quote
China August Imports (YoY) down (3.9)% from July 01
China Exports (YoY) up to 7.2% in August from 5.1%
Mohan
  • #64,343
  • Sep 7, 2013 9:42pm Sep 7, 2013 9:42pm
Quoting Rag2RichesFX
{quote} Don't blow your account going counter trend. No large shorts will happen until at LEAST October, my thinking is probably more like November at the earliest though. Sure you may see a decent scalp off that level, so keep stops tight... We might even have to wait until 2014 for this to finish correcting/consolidating.. and then maybe can go to 8500 or 8300 or 8100 (will be easy to tell if fundas confirm techs --- RBA is very transparent)
Hey R2R, I agree with your analysis. What is your take on the Abbott win in this weekend's Aussie elections?
I've been scalping short at this level, but I do see some significant room to the upside here.

Thanks.
Attached Image (click to enlarge)
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  • #64,344
  • Sep 7, 2013 9:44pm Sep 7, 2013 9:44pm
Quoting 2+2=4ex
{quote} Alien, what are you doing here? It's the weekend! Just joking. Anyway, nice job on the profit to loss ratio this last week. I see you were trading AUD long.
Yes Sir, Aud long , pound short, big winner Cad short, EJ a small short , short term, etc.......
The More You Learn, The More You Earn.....
  • #64,345
  • Sep 7, 2013 9:49pm Sep 7, 2013 9:49pm
Quoting Surgical
{quote} Nice result Alien, you've done well. Do you only use stochastics as outlined in previous post? have a good weekend.
multiple stochastics

Multiple ADX

RSIOMA and a Delayed Stochastic

EWC

and bollinger band compression is all..................
The More You Learn, The More You Earn.....
  • #64,346
  • Sep 7, 2013 9:52pm Sep 7, 2013 9:52pm
Quoting NGforex;6948610[u
]i dont see aud going further high, all i see is a sharp fall. [/u]Overbought seriously. But because i dont know how election results affect the market, i cant be so sure of the fall. I will have to wait for entry to go short.
Short term or Long term , not much higher ?
The More You Learn, The More You Earn.....
  • #64,347
  • Sep 7, 2013 9:54pm Sep 7, 2013 9:54pm
Quoting AJhustler88
I will be shorting AUD/USD targetting 0.9050 area. If we reach 0.9250 I will max out leverage and unit sizing. anyone who followed my calls last week shoulda made some nice gains.
The Daily is Long, it will never get to 0.9050 area......
The More You Learn, The More You Earn.....
  • #64,348
  • Sep 7, 2013 10:11pm Sep 7, 2013 10:11pm
Quoting forexalien
{quote} The Daily is Long, it will never get to 0.9050 area......
you trade on a super mini account. your opinion is irrelevant. RSI failed last week. it wont fail this week.
The best dam pilot in the sky
  • #64,349
  • Sep 7, 2013 10:18pm Sep 7, 2013 10:18pm
Quoting ibram.forex
{quote} or if it goes the other way we could see 88xx then 97xx
when was the last time AUD had 5 consecutive bearish monthly closes?
Be hopeful in a winning position, and fearful in a losing position.
  • #64,350
  • Sep 7, 2013 10:22pm Sep 7, 2013 10:22pm
Quoting AJhustler88
{quote} you trade on a super mini account. your opinion is irrelevant. RSI failed last week. it wont fail this week.
actually, pips are all that matter to relevant trade calls.
the amount of lots used doesn't make the call any better or any worse.

who cares if hes using small size... thats his choice


for all you know thats a small account, maybe he has a bigger one
Be hopeful in a winning position, and fearful in a losing position.
  • #64,351
  • Sep 7, 2013 10:25pm Sep 7, 2013 10:25pm
Quoting Rag2RichesFX
{quote} when was the last time AUD had 5 consecutive bearish monthly closes?
dead cat bounce. look at the beginning of june on a weekly chart. tell me more about how youve tried to pick bottoms on AUD pairs this year. tell me how many pips youve lost...yea...thats what i thought.

u tech nerds forget all about fundamentals. good luck fighting a central bank.
The best dam pilot in the sky
  • #64,352
  • Edited 10:43pm Sep 7, 2013 10:28pm | Edited 10:43pm
Quoting AJhustler88
{quote} dead cat bounce. look at the beginning of june on a weekly chart. tell me more about how youve tried to pick bottoms on AUD pairs this year. tell me how many pips youve lost...yea...thats what i thought. u tech nerds forget all about fundamentals. good luck fighting a central bank.
yes you are right about the dead cat bounce. however, we are nowhere near the 38.2% (9510) retracement.. which is very normal of even the most severe trends.... just because you are late to the short AUD party and got burned shorting the bottom... doesn't mean you gotta take it out on us.

lol, us tech nerds take up all the profits actually,
because we aren't forced to take 3 trades a year.....

we have massive opportunities every day... every hour.

haven't you read Trading in the Zone?



did you have a profit factor of 28 last week? because forexalien did.


are you kidding about the AUD bottoms? ive been cleaning up...ive been shorting as well.


hey tell me, when was the last time we saw 5 consecutive bearish months?


for the scalpers... it COULD dip 9070/9050.. then blastoff to 9350.. if nice close above that level.. then 9425, then 9500
still... i prefer NOT to fight the monthly candle...i won't be shorting for a while.


if you read my post... you could see that i said its POSSIBLE we go to 8500.. or 8300.. or 8100.. but we are correcting first...
Attached Image (click to enlarge)
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Be hopeful in a winning position, and fearful in a losing position.
  • #64,353
  • Sep 7, 2013 10:42pm Sep 7, 2013 10:42pm
Quoting Rag2RichesFX
{quote} yes you are right about the dead cat bounce. however, we are nowhere near the 38.2% (9510) retracement.. which is very normal of even the most severe trends.... just because you are late to the short AUD party and got burned shorting the bottom... doesn't mean you gotta take it out on us. lol, us tech nerds take up all the profits actually, because we aren't forced to take 3 trades a year..... we have massive opportunities every day... every hour. haven't you read Trading in the Zone? did you have a profit factor of 28 last week? because...
to answer your question, june to october 2008.you are acting as if 5 consecutive bearish months is such an extreme figure. if you want to throw that argument at me, why not take into consideration that this pair also had 9 consecutive bullish months from feb to oct 09. so what u are saying is its not a big deal for it to go in 1 direction for 9 months, but if it goes the opposite direction for 4 months the 5th one HAS to be different? LOL. nice logic.

where do you think the money is FX comes from? for there to be a winner there has to be a loser. this pair is still majority long by retailers. u really think the masses of sheep can continue to profit? this money doesnt come out of thin air.

u honestly expect me to believe that the RBA will let the AUD get that strong and not do anything about it? did the BOJ just sit back and let yen regain strength? u are delusional.
The best dam pilot in the sky
  • #64,354
  • Sep 7, 2013 10:47pm Sep 7, 2013 10:47pm
Quoting AJhustler88
{quote} you trade on a super mini account. your opinion is irrelevant. RSI failed last week. it wont fail this week.
You must learn not to be so disrespectful to your fellow traders, as you also lose respect from others when they read your words of insult..............

I trade off of 8 screens , and manage several accounts, Just because I only earn 10% a day does not give you the right to belittle me..................
The More You Learn, The More You Earn.....
  • #64,355
  • Sep 7, 2013 10:48pm Sep 7, 2013 10:48pm
look at the history of this thread and u will see how many ppl got fukd trying to pick a bottom on this pair. you are knife catching. look at the USD/JPY monthly chart in which it rose for 9 months straight. despite rising at an extreme rate in a short amount of time it defied all technicals and did not correct to "WHERE IT WAS SUPPOSED TO" according to the tech nerds.

FUNDAMENTALS>TECHNICALS

i called for this pair to reach 0.92 last week and i urged everyone to long aud and eur against the dollar but got mocked despite being correct. doubt me and ur in for a world of hurt.
The best dam pilot in the sky
  • #64,356
  • Sep 7, 2013 10:52pm Sep 7, 2013 10:52pm
Quoting forexalien
{quote} You must learn not to be so disrespectful to your fellow traders, as you also lose respect from others when they read your words of insult.............. I trade off of 8 screens , and manage several accounts, Just because I only earn 10% a day does not give you the right to belittle me..................
do u see george soros taking advice from an indian penny trader? do u see jeff gordon taking driving advice from an old asian woman? same concept. why would someone who trades big lots take advice from someone who trades fractions of a minilot?
The best dam pilot in the sky
  • #64,357
  • Sep 7, 2013 10:54pm Sep 7, 2013 10:54pm
AUD Daily..............
Attached Image (click to enlarge)
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The More You Learn, The More You Earn.....
  • #64,358
  • Sep 7, 2013 10:57pm Sep 7, 2013 10:57pm
Quoting AJhustler88
{quote} do u see george soros taking advice from an indian penny trader? do u see jeff gordon taking driving advice from an old asian woman? same concept. why would someone who trades big lots take advice from someone who trades fractions of a minilot?
A trade is a trade, mini lots or million lots, you have to be able to do it first at any level...........IMO

I have confidence in what I do............do you ?

Let's have a call contest and see who is the best....................!

This was last week.......
Attached Image (click to enlarge)
Click to Enlarge Name: 9_6_13 stellar week.JPG Size: 89 KB
The More You Learn, The More You Earn.....
  • #64,359
  • Sep 7, 2013 11:06pm Sep 7, 2013 11:06pm
Quoting AJhustler88
{quote} do u see george soros taking advice from an indian penny trader? do u see jeff gordon taking driving advice from an old asian woman? same concept. why would someone who trades big lots take advice from someone who trades fractions of a minilot?

you just gave away the fact you are new to this.

why? because good traders don't take advice at all.

they just trade their own plan.

i don't know what you wish to accomplish by coming here and starting shit with members who have proved themselves
where as you just look like a troll


you know , sometimes it best to ZOOM IN on recent price action.


by the way, i dont give a shit about george soros. the fact that you even mention him makes me think you got into currency trading simply because you heard that popular story that about how much money he made SHORTING AUD.

sorry but you are late to the party.

DON'T get me wrong. I will be looking to SLAM aud short at some time... just not yet.

My charts are telling me the big short isn't until November
It will probably be a choppy mess with slight bullish tone, until then.
Attached Image (click to enlarge)
Click to Enlarge Name: 9-7-2013--zoomedin.jpg Size: 329 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #64,360
  • Sep 7, 2013 11:07pm Sep 7, 2013 11:07pm

I believe AJhustler88 is an arse, because he has to be aggressive to make a point, instead of smart....but he does have a point. i don't believe AUS will be stronger with a stronger AUD...I live here and to me that's just common sense guys. If AUD goes up, then we are back to where we were the last 2 years....

Besides the insults i do find your discussion interesting. Who am I, the forest gump of trading if you must (lost lots of hard earned $$) , but still been here for 7 yrs and learnt anything is possible, and nobody, no-freacking-body owns the truth.

I do believe also that AUD will go up, because Banks will be there like a hunting tiger at night, waiting...and when they are all in SELL SELL SELL...but just an idiots opinion....

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