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AUD/USD

  • #65,321
  • Sep 15, 2013 7:12pm Sep 15, 2013 7:12pm
Quoting pips29
{image}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

Thank you so much @Pips29, I really appreciate the time you took in explaining this to me. Too bad all I see on my broker platform is a wide gap, I don't have that long candle nor the crucifix here, I was only trying to use my discretion but all the same like you said, I'll wait for more confirmation.
  • #65,322
  • Sep 15, 2013 7:13pm Sep 15, 2013 7:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: pic 2.png Size: 61 KB
Also taken a long on this pair when I manage to log on after being frozen out. Still in red. Sl 20 pips
the cautious seldom err....C
  • #65,323
  • Sep 15, 2013 7:18pm Sep 15, 2013 7:18pm
Quoting forexalien
{quote} 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................

I know big moves are coming soon and to the downside I guess, I so don't wanna be caught unawares neither do I wanna miss the move. My swap keeps accumulating all cos I kept hoping the trend would take a new toll to the downside. I'll wait for further confirmation. Thanks bro.
  • #65,324
  • Sep 15, 2013 7:21pm Sep 15, 2013 7:21pm
Quoting pips29
{image} Also taken a long on this pair when I manage to log on after being frozen out. Still in red. Sl 20 pips

If your long is successful here then I'm optimistic about AU and NU cos they are highly correlated. I stand to be corrected though. IMO.
  • #65,325
  • Sep 15, 2013 7:22pm Sep 15, 2013 7:22pm
Quoting mercie
{quote} Thank you so much @Pips29, I really appreciate the time you took in explaining this to me. Too bad all I see on my broker platform is a wide gap, I don't have that long candle nor the crucifix here, I was only trying to use my discretion but all the same like you said, I'll wait for more confirmation.
no problem. Have to be careful.. a lot of "funny things" going on
the cautious seldom err....C
  • #65,326
  • Sep 15, 2013 7:25pm Sep 15, 2013 7:25pm
Quoting mercie
{quote} If your long is successful here then I'm optimistic about AU and NU cos they are highly correlated. I stand to be corrected though. IMO.
That's why I took the trade. Guess we are from the same school
the cautious seldom err....C
  • #65,327
  • Sep 15, 2013 7:26pm Sep 15, 2013 7:26pm
Quoting pips29
{quote} That's why I took the trade. Guess we are from the same school

lol...I'm hopeful
  • #65,328
  • Sep 15, 2013 7:28pm Sep 15, 2013 7:28pm
Aussie still potential more upside.. No news push it down right now.. The gap if not close.. The PA showing chasing to daily resistance.. .945
  • #65,329
  • Sep 15, 2013 7:32pm Sep 15, 2013 7:32pm
After closing portion of my Long positions at 9369 I have re-entered long 9327
  • #65,330
  • Sep 15, 2013 8:18pm Sep 15, 2013 8:18pm
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.
Actually I was always wondering who gets the money when gaps occur....

I mean, Adollar closes say at 0.92 on a Fri
Mon it opens at 0.93.

Who got those 100 pips? and/or who says "OK , today, because i have a big d$ck, i command that AUD is 0.93? You know what I mean?

Somebody gets those 100 pips without anybody else having even a chance to get them, exit before it happens???


Or is it like Defcon123 is actually saying....if a broker was not cheap (i got IGMARKETS) you at least got a chance to get out at some point during the climb up?
  • #65,331
  • Sep 15, 2013 8:25pm Sep 15, 2013 8:25pm
Quoting thewriter30
{quote} Actually I was always wondering who gets the money when gaps occur.... I mean, Adollar closes say at 0.92 on a Fri Mon it opens at 0.93. Who got those 100 pips? and/or who says "OK , today, because i have a big d$ck, i command that AUD is 0.93? You know what I mean? Somebody gets those 100 pips without anybody else having even a chance to get them, exit before it happens??? Or is it like Defcon123 is actually saying....if a broker was not cheap (i got IGMARKETS) you at least got a chance to get out at some point during the climb up?
That's some really tough question. I mean who does that when the forex market is supposed to be closed for the week?
  • #65,332
  • Sep 15, 2013 8:29pm Sep 15, 2013 8:29pm
Quoting k3nshinz3139
Aussie still potential more upside.. No news push it down right now.. The gap if not close.. The PA showing chasing to daily resistance.. .945
Why I will give this comment.. You can check with weekly chart.. last week .92 tank.. Cannot close the gap..
This week the gap is larger.. so far not even close 50% gap.. I can conclude the PA will continue climb..
  • #65,333
  • Sep 15, 2013 8:30pm Sep 15, 2013 8:30pm
Quoting thewriter30
{quote} Actually I was always wondering who gets the money when gaps occur.... I mean, Adollar closes say at 0.92 on a Fri Mon it opens at 0.93. Who got those 100 pips? and/or who says "OK , today, because i have a big d$ck, i command that AUD is 0.93? You know what I mean? Somebody gets those 100 pips without anybody else having even a chance to get them, exit before it happens??? Or is it like Defcon123 is actually saying....if a broker was not cheap (i got IGMARKETS) you at least got a chance to get out at some point during the climb up?
There are a few hours before common brokers opened normally during daily open or daily close on a new week. However, there is a pre-session 2-4 hours before common market opening.

Some brokers have access to the pre-market session. Banks are already trading that time too. Normally, spread may be a little wider during that time.

Taking trade over the weekend is actually a gamble, as anything may happen. For instance, if a trader shorted AUD on 0.9270 on last friday's hi. And stop loss at 0.9300. However, market gapped up at 0.9320-40, the trader will have his position exited on the minute the broker is opened for his client. And trader may suffered further slippage lost to current live market ticks.
  • #65,334
  • Sep 15, 2013 8:31pm Sep 15, 2013 8:31pm
Quoting thewriter30
{quote} Actually I was always wondering who gets the money when gaps occur.... I mean, Adollar closes say at 0.92 on a Fri Mon it opens at 0.93. Who got those 100 pips? and/or who says "OK , today, because i have a big d$ck, i command that AUD is 0.93? You know what I mean? Somebody gets those 100 pips without anybody else having even a chance to get them, exit before it happens??? Or is it like Defcon123 is actually saying....if a broker was not cheap (i got IGMARKETS) you at least got a chance to get out at some point during the climb up?
Currencies never stop trading 24 hours a day 7 days a week, our brokers are just not open then. Banks and countries trade through the weekends, news rocks the currency world.

Those who were long are now 60 - 100 pips better off, I Grabbed 65 pips on that jump because I left a AUD long in from Friday
The More You Learn, The More You Earn.....
  • #65,335
  • Sep 15, 2013 8:37pm Sep 15, 2013 8:37pm
Quoting k3nshinz3139
{quote} Why I will give this comment.. You can check with weekly chart.. last week .92 tank.. Cannot close the gap.. This week the gap is larger.. so far not even close 50% gap.. I can conclude the PA will continue climb..
Just keep the law of gravitational pull in mind, "what goes up must come down!" As far as I'm concerned, there's so much abnormality in whatever is going on now which I believe would be normalized ASAP. Might still be climbing in order to find a good point of reversal but I'm sure where it's going isn't as far as where it came from...IMO
  • #65,336
  • Sep 15, 2013 9:02pm Sep 15, 2013 9:02pm
Quoting mercie
{quote} Just keep the law of gravitational pull in mind, "what goes up must come down!" As far as I'm concerned, there's so much abnormality in whatever is going on now which I believe would be normalized ASAP. Might still be climbing in order to find a good point of reversal but I'm sure where it's going isn't as far as where it came from...IMO
if what goes down also goes up, you may want to consider 1.02
  • #65,337
  • Sep 15, 2013 9:07pm Sep 15, 2013 9:07pm
Quoting Gwan
{quote} if what goes down also goes up, you may want to consider 1.02
lol...just an idiomatic expression and based on my forex experience so far, the difference between up and down is 'TIME'...All I meant was, the upward movement won't last forever.
  • #65,338
  • Sep 15, 2013 9:15pm Sep 15, 2013 9:15pm
Tough battle for NU @ 0.8187...I pray for a break down
  • #65,339
  • Sep 15, 2013 9:29pm Sep 15, 2013 9:29pm
Quoting Mr.C
Hi guys. Hope the markets treat you well. Waiting for Aussie's north move to short. AUD/USD pending sell @ 0.9385. SL @ 0.9425. Green pips to all!
Hello traders. Some patience and AUD/USD sell @ 0,9385 was activated (after a 140 pips gap north). The position is now running with 50 pips of floating profit. Will post the possible TPs according to the given situation during NY tomorrow.


Wish all good luck next week!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #65,340
  • Sep 15, 2013 9:42pm Sep 15, 2013 9:42pm
Quoting Mr.C
{quote} Hello traders. Some patience and AUD/USD sell @ 0,9385 was activated (after a 140 pips gap north). The position is now running with 50 pips of floating profit. Will post the possible TPs according to the given situation during NY tomorrow. Wish all good luck next week!

Nice!
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