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AUD/USD

  • #64,881
  • Sep 11, 2013 8:33pm Sep 11, 2013 8:33pm
Quoting Cyal8rloser
How sickening...I was margin called at 0.9320ish earlier today, suffering a catastrophic 80% loss to my account. Looks like this may be the the catalyst for the bearish reversal...
Bro, I am deeply sorry to hear that, but many said price would reach these levels (not that you should follow blindly necessarily).

Just keep ticking away. Slowly build it back up.
When the facts change I change my mind, what do you do sir
  • #64,882
  • Sep 11, 2013 8:35pm Sep 11, 2013 8:35pm
Quoting Cyal8rloser
How sickening...I was margin called at 0.9320ish earlier today, suffering a catastrophic 80% loss to my account. Looks like this may be the the catalyst for the bearish reversal...
Ouch, sorry for you.

Take it as a lesson....sounds like you were way over leveraged. Never never let it get to 80%. not even 50. not even 20!
  • #64,883
  • Sep 11, 2013 8:35pm Sep 11, 2013 8:35pm
Quoting Pip Anon
{quote} Bro, I am deeply sorry to hear that, but many said price would reach these levels. Just keep ticking away. Slowly build it back up.
Agreed.

Mistakes are made to learn from them. I too was in the same camp with the big ass gap up with USD/JPY. Slowly bringing it back up now... This trade is going to make that happen.

Trade safe!
  • #64,884
  • Sep 11, 2013 8:36pm Sep 11, 2013 8:36pm
Quoting Cyal8rloser
How sickening...I was margin called at 0.9320ish earlier today, suffering a catastrophic 80% loss to my account. Looks like this may be the the catalyst for the bearish reversal...
money management. Most people have been there done that. I have!
  • #64,885
  • Sep 11, 2013 8:37pm Sep 11, 2013 8:37pm
Quoting samirs
{quote} it is called greed.....money management is most important ....far more than getting the direction right
That's what I say. proper money management takes a lot of pressure off of picking exact top and bottoms!
  • #64,886
  • Sep 11, 2013 8:37pm Sep 11, 2013 8:37pm
Quoting andy0323
{quote} Agreed. Mistakes are made to learn from them. I too was in the same camp with the big ass gap up with USD/JPY. Slowly bringing it back up now... This trade is going to make that happen. Trade safe!
Just my profile says FX is financial darwinism. In order to survive me must adapt is all.

First and last time I left a trade open over the weekend, long GBPJPY on friday, gap down 180 pips on Sunday.
When the facts change I change my mind, what do you do sir
  • #64,887
  • Sep 11, 2013 8:40pm Sep 11, 2013 8:40pm
Have we switched to bearish reversal or is this just a leg down and then we go back up?
  • #64,888
  • Sep 11, 2013 8:40pm Sep 11, 2013 8:40pm
ok , i need gun! 1 bullet will suffice
  • #64,889
  • Sep 11, 2013 8:41pm Sep 11, 2013 8:41pm
All short position already closed now..

AU H4 chart :
Attached Image (click to enlarge)
Click to Enlarge Name: `1.png Size: 27 KB
  • #64,890
  • Sep 11, 2013 8:43pm Sep 11, 2013 8:43pm
First TP .925, second .9200 but reserve the right to alter lol
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-11-TOS_CHARTS.png Size: 110 KB
When the facts change I change my mind, what do you do sir
  • #64,891
  • Sep 11, 2013 8:43pm Sep 11, 2013 8:43pm
Quoting samirs
when will it break 9284 support.....
It's broken now I guess and I pray it won't go back up.
  • #64,892
  • Sep 11, 2013 8:46pm Sep 11, 2013 8:46pm
Quoting Pip Anon
First TP .925, second .9200 but reserve the right to alter lol {image}
Are you thinking the price wouldn't go as deep as .9191? I'm trying to gather my fact so I could tread carefully.
  • #64,893
  • Sep 11, 2013 8:47pm Sep 11, 2013 8:47pm
Quoting samirs
{quote} what do you mean?
I just closed my AU open sell position.. with nice profit.
  • #64,894
  • Sep 11, 2013 8:48pm Sep 11, 2013 8:48pm
Bouncing off the 72EMA on the hour. If it breaks I suspect more bloodshed.
When the facts change I change my mind, what do you do sir
  • #64,895
  • Sep 11, 2013 8:49pm Sep 11, 2013 8:49pm
I am waiting for that KIDO and Hustler to come and say "LIKE THEY SAID" It went down.

LOL
  • #64,896
  • Sep 11, 2013 8:49pm Sep 11, 2013 8:49pm
If missed earlier entry, short on pullback failure support turns resistance channel.

hourly close under 0.9276 put price on break range's top for another range.

0.9300 good level to be re-tested.

i prefer 0.9320 to be re-tested. for best risk reward to 0.9187

if not its 0.9300 -> whole no. for add-on.. upon failure.

price should retraced from 0.9266 now.

below 0.9266 is 0.9242 as next target.
  • #64,897
  • Sep 11, 2013 8:50pm Sep 11, 2013 8:50pm
Call me crazy but I'm looking to buy in after this digests.
  • #64,898
  • Sep 11, 2013 8:50pm Sep 11, 2013 8:50pm
I'm in it for the long haul. As I said before, I'm targeting the gap @ .8906 with multiple tp inbetween
  • #64,899
  • Sep 11, 2013 8:50pm Sep 11, 2013 8:50pm
Quoting mercie
{quote} Are you thinking the price wouldn't go as deep as .9191? I'm trying to gather my fact so I could tread carefully.
It very well may given it's Asian session and still have london to go. My shorts were at .9305 and .9334 so I will to take a little profit.

Given the rise over the last 10 days, I wouldn't doubt to see another 50-60 pips off this
When the facts change I change my mind, what do you do sir
  • #64,900
  • Sep 11, 2013 8:51pm Sep 11, 2013 8:51pm
Quoting Pip Anon
{quote} Just my profile says FX is financial darwinism. In order to survive me must adapt is all. First and last time I left a trade open over the weekend, long GBPJPY on friday, gap down 180 pips on Sunday.
Loving that Bernanke strip. I'm also interested in the CMT exams. Are you studying at the moment?

Closed the short. Waiting on the retrace for the next short opportunity. AUD/USD and S&P 500 are highly correlated over the past week or so. I wonder if the unemployment claims tomorrow will add more fuel to this fall.
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