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AUD/USD

  • #65,301
  • Sep 15, 2013 5:18pm Sep 15, 2013 5:18pm
Quoting Emanuel
Interesting...looks like a long from here...what do you think guys?
Not so sure of that , we are in a no trade zone , flip a coin if you like to gamble.

Best if you ........
Attached Image
The More You Learn, The More You Earn.....
  • #65,302
  • Sep 15, 2013 5:20pm Sep 15, 2013 5:20pm
Quoting card
{quote} I disagree. The real news was the US-Russia deal on Syria's chemical weapons, making US strikes on Syria very unlikely. Larry Summers was an unlikely candidate anyway, considering how his actions messed up the US economy in the past 10-15 years. Tapering is priced in also. Note that US data has been a bit weak lately. We might see a taper with an announcement claiming that they will look at jobs growth before they do more. But, as they say, buy the rumor, sell the fact. Long the dollar for the next couple of days and short it on Wednesday....
that makes sense. oil down confirming. that is big news, like averting global war....
  • #65,303
  • Sep 15, 2013 5:24pm Sep 15, 2013 5:24pm
Quoting fxtyrant
{quote} well buddy, im a fundamental trader to start and for me to be profitable all this time i better know what caused gaps and im telling you its Larry Summer's Declaration just before market open... better not go against me on this. just made a nice 7% gain on gap down on the USDJPY... taken profit and well waiting on the other trades... i dont want to many enemies but... when you're talking about news... i probably know more... as for somebody thinking its good to Long AUDUSD where it is.... as for me... i see a great opportunity to SHORT the...
You misinterpreted. I got out of my Aussie longs on open. Buy the rumor as in buy the rumor that the Fed will taper more than the market expects. So, buy USD till Wed and then go short USD. I am however staying out of all of this till the news is out.
  • #65,304
  • Sep 15, 2013 5:29pm Sep 15, 2013 5:29pm
Quoting seaman2
{quote} that makes sense. oil down confirming. that is big news, like averting global war....
There was real concern that this war would get out of control. If the US intervened, Russia would have supplied arms to Assad's regime and Iran would have done something as well. And that would bring Israel into the picture. A big mess, it would have been. My reasoning is definitely confirmed by the move in crude oil.

Besides, Summers and Yellen are both pretty much at the same level of dovishness.
  • #65,305
  • Sep 15, 2013 5:40pm Sep 15, 2013 5:40pm
Quoting card
{quote} There was real concern that this war would get out of control. If the US intervened, Russia would have supplied arms to Assad's regime and Iran would have done something as well. And that would bring Israel into the picture. A big mess, it would have been. My reasoning is definitely confirmed by the move in crude oil. Besides, Summers and Yellen are both pretty much at the same level of dovishness.
Regardless of what caused it, it is a gap, since 2010 there have been 47 gaps on the AUD and all have closed, although 9 of them went > 200 pip drawdown, 3 > 1000 pips. Obviously this doesn't guarantee this one will close but having a 20 pip stop is not going to work.
  • #65,306
  • Sep 15, 2013 5:48pm Sep 15, 2013 5:48pm
Hi

japan bank holiday

sep future expiers today
auzi time low liquidity
2 sep us long weekend holiday reversal may be going to over upside
summers withdrawls

cheers
  • #65,307
  • Sep 15, 2013 6:03pm Sep 15, 2013 6:03pm
Attached Image (click to enlarge)
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Took one position when I managed to log on to platform after being frozen out @10pm(uk time). Took another position an hr or so later after seeing the wick. This kind of candle does not come often, so I took it plus the fact that candle could not close above last wk high
the cautious seldom err....C
  • #65,308
  • Edited 6:27pm Sep 15, 2013 6:10pm | Edited 6:27pm
Summers Quit ...USD Index going to 79...Move down is not over yet....
There is a winner and a loser, nothing in between.
  • #65,309
  • Sep 15, 2013 6:14pm Sep 15, 2013 6:14pm
Hi

I think wave 5 to the down side is starting
may be

cheers
  • #65,310
  • Sep 15, 2013 6:21pm Sep 15, 2013 6:21pm
fxcm TS always covered up. No chance too see gap
the cautious seldom err....C
  • #65,311
  • Sep 15, 2013 6:23pm Sep 15, 2013 6:23pm
Quoting lazy
Hi I think wave 5 to the down side is starting may be cheers
Can you show the wave you are talking about?
the cautious seldom err....C
  • #65,312
  • Sep 15, 2013 6:28pm Sep 15, 2013 6:28pm
Quoting pips29
{image} Took one position when I managed to log on to platform after being frozen out @10pm(uk time). Took another position an hr or so later after seeing the wick. This kind of candle does not come often, so I took it plus the fact that candle could not close above last wk high

Could you please help look into NU???
  • #65,313
  • Sep 15, 2013 6:36pm Sep 15, 2013 6:36pm
A daily reject candle is forming..................!
Simple is powerful all the time.
  • #65,314
  • Sep 15, 2013 6:37pm Sep 15, 2013 6:37pm
Quoting Bullet
{quote} Regardless of what caused it, it is a gap, since 2010 there have been 47 gaps on the AUD and all have closed, although 9 of them went > 200 pip drawdown, 3 > 1000 pips. Obviously this doesn't guarantee this one will close but having a 20 pip stop is not going to work.

There is no such thing as gaps... you guys have bad/cheap brokers...that is all. the real fx market has no gaps.
  • #65,315
  • Sep 15, 2013 6:39pm Sep 15, 2013 6:39pm
I'm long on this.. i'll only short it to fill the gap if we trade below 0.9316
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  • #65,316
  • Sep 15, 2013 6:46pm Sep 15, 2013 6:46pm
Quoting mercie
{quote} Could you please help look into NU???
I am looking. What do you want to know?
the cautious seldom err....C
  • #65,317
  • Sep 15, 2013 6:56pm Sep 15, 2013 6:56pm
Quoting pips29
{quote} I am looking. What do you want to know?
I'm thinking I could sell from this point but I need to be sure.
  • #65,318
  • Sep 15, 2013 7:04pm Sep 15, 2013 7:04pm
Quoting defcon123
{quote} There is no such thing as gaps... you guys have bad/cheap brokers...that is all. the real fx market has no gaps.
Thanks for letting us know, should we give all our profits back to the broker we have made on gap trades then?
  • #65,319
  • Sep 15, 2013 7:06pm Sep 15, 2013 7:06pm
Attached Image (click to enlarge)
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You may get a bounce where I highlighted. I would rather wait for h1 closing below last wk high to sell but must also watch pa. You miss the sell at candle (which looks like a crucifix). That would have been a much better sell position. Now we need a close below pre. wk H to add more conviction in taking a short imo
the cautious seldom err....C
  • #65,320
  • Sep 15, 2013 7:11pm Sep 15, 2013 7:11pm
Quoting mercie
{quote} I'm thinking I could sell from this point but I need to be sure.
NU CHARTS
All the larger time frames H4 and bigger are long.
If you are playing for a 40 pip short , you might get it, but I would confirm the turn back down first................
The More You Learn, The More You Earn.....
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