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AUD/USD

  • #65,781
  • Sep 18, 2013 6:08pm Sep 18, 2013 6:08pm
Quoting pips29
"big boys" game to screw us. Gold spiked up before fomc announcement...don't trust fucking news...
Or not. Market was expecting taper, there was no taper. That scenario played itself out.

What I find funny is the same people say the same thing to the same situations with the same circumstances. This PA has happened the last several FOMC meetings.
When the facts change I change my mind, what do you do sir
  • #65,782
  • Sep 18, 2013 6:19pm Sep 18, 2013 6:19pm
I'm just happy my longs are finally in the green again. Bullish AUD til January. Bullish NZD til 2015!
  • #65,783
  • Sep 18, 2013 6:43pm Sep 18, 2013 6:43pm
guys put the gap in your consideration ... i guess going short with small lot size till AUD/USD closes the gap is a GOOD TRADE
  • #65,784
  • Sep 18, 2013 6:59pm Sep 18, 2013 6:59pm
Morning..! just woke up to another +100p on that long...
Going to get short now @ 0.9495 i'll post charts soon..

Good luck today guys...
  • #65,785
  • Sep 18, 2013 7:14pm Sep 18, 2013 7:14pm
Quoting RBlackburn
Morning..! just woke up to another +100p on that long... Going to get short now @ 0.9495 i'll post charts soon.. Good luck today guys...
Not a bad idea, sort looking for 50 pips or so?
  • #65,786
  • Sep 18, 2013 7:23pm Sep 18, 2013 7:23pm
Quoting edindzeko
{quote} Not a bad idea, sort looking for 50 pips or so?
Yeah targeting something like a 50% (0.9434) pullback of the last move... See how much momentum builds if we get down there might move the target closer to the 61.8... so yeah about 50-60 pips...
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  • #65,787
  • Sep 18, 2013 7:47pm Sep 18, 2013 7:47pm
I might be wrong but, i see it has been rejected at 0.95, it might retrace a bit, not sure it might just retrace 50 pips, but i m still holding shorts 0.93 and 0.92, tp at 0.91. I know i m crazy
Logics do not apply in FOREX
  • #65,788
  • Edited Sep 19, 2013 5:57am Sep 18, 2013 7:55pm | Edited Sep 19, 2013 5:57am
double post
  • #65,789
  • Sep 18, 2013 7:55pm Sep 18, 2013 7:55pm
Quoting Pip Anon
{quote} I believe it was a matter of "analysts" trying to jump the gun on the Fed train. They refused to let go of the Sept. taper even as Benny Boo repeated his statement over and over on potential taper. To be quite honest, we really can't blame the Fed. Bernanke stuck to his words on when and why the taper would occur. Whether the market listens or not is another story. It's always been a matter of the labor market and growing economic data. Last few months are mixed. He has repeated himself the last three FOMC yet the market freaks out...


Yup, 100% true.

Hope everyone has survived thus far. Even if you took a loss, you may get some trickle down over the next couple days- I DONT KNOW as of yet because I have been in training all day, and I've only been at my phone- not my laptop and charts.

Money management is what protects you from stuff like this. Market was showing rejection rejection rejection, news (as it so often does) fucked technicals over. There's a lot of dynamics and a lot of outcomes, its impossible to be right every time, whats more important is to be right some of the time, and to protect your fucking ass ALL THE TIME. I personally do that by not trading big news events if price is acting funny or hovering around a break out point.

Lot of lessons learned today for seasoned vets and for newbies. Hope you dudes are still in it, I'll post my thoughts once I can get ahold of my laptop again. As usual, it looks like we will be bullish from here on out, but not until the daily closes.

IF WE ARE BULLISH

We have well over 700 pips to cover going north, and a LOT of resistance points going up as well- the AUD established lots of little bounces on the way down so expect every one to act as a small to moderate resistance. This means good news for technical traders, because it's easy to spot. So if you lost a lot today, and still have some account left, be positive- not greedy. There is always more days and plenty of pips for everyone.
  • #65,790
  • Sep 18, 2013 8:00pm Sep 18, 2013 8:00pm
Short looking for a retrace TP : 0.9450
  • #65,791
  • Sep 18, 2013 8:39pm Sep 18, 2013 8:39pm
Quoting thewriter30
thanks again guys... have any of u blown out 2 months salary?
If you are having that sort of run, might be a good time to take a breath and switch to Demo like Forexalien was saying. Find your system again then proceed back to Live re focused... Nothing like a break away from the screens to reset your thinking.
  • #65,792
  • Sep 18, 2013 9:01pm Sep 18, 2013 9:01pm
Was hoping for 9450 to load up on more longs but it may have taken off again
  • #65,793
  • Sep 18, 2013 9:07pm Sep 18, 2013 9:07pm
Long @ .951 TP .9575
Long EURUSD @ 1.3525 TP 1.3575

Thinking it will retest the highs going into london. Looks like more dollar selling. 79 is a reasonable target for DX
When the facts change I change my mind, what do you do sir
  • #65,794
  • Sep 18, 2013 9:09pm Sep 18, 2013 9:09pm
Hello all,

testing a little short, perhaps a bit premature but we'll see.
In at 9512.6

cheers
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  • #65,795
  • Sep 18, 2013 9:09pm Sep 18, 2013 9:09pm
Long .95 and 1 more order is .9488...
Target .9575..
  • #65,796
  • Sep 18, 2013 9:18pm Sep 18, 2013 9:18pm
Next month the "News" will be the opposite ending all the retracements on all pairs.
There will be no RBA rate cut so the Aud can complete it's retracement with no interference. The chart shows a double bottom & the boxing of highs & lows gives a completion of the retrace at 0.9699 which just happens to be the 50% Fib'. Doesn't get any easier than that.
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Money Makes Money
  • #65,797
  • Sep 18, 2013 9:30pm Sep 18, 2013 9:30pm
Quoting KiwiOz
Next month the "News" will be the opposite ending all the retracements on all pairs. There will be no RBA rate cut so the Aud can complete it's retracement with no interference. The chart shows a double bottom & the boxing of highs & lows gives a completion of the retrace at 0.9699 which just happens to be the 50% Fib'. Doesn't get any easier than that. {image}

Hi Kiwi,
agree with most of your comments.
My daily shows some different numbers (no big deal) but I think we're heading into stronger resistance than you.
Anyway, i definately don't have a crystal ball and am trying not to think too much

Green pips to you
cheers
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  • #65,798
  • Sep 18, 2013 9:41pm Sep 18, 2013 9:41pm
Quoting bskwak1124
I might be wrong but, i see it has been rejected at 0.95, it might retrace a bit, not sure it might just retrace 50 pips, but i m still holding shorts 0.93 and 0.92, tp at 0.91. I know i m crazy

Hi

As long as you got enough fund to support it is ok to hold

if you want to short use futuers ( life 3 months)

for long use spot

cheers
  • #65,799
  • Edited 10:42pm Sep 18, 2013 10:17pm | Edited 10:42pm
Ah poo going down with yen

AUDUSD the weakest of EURUSD GBPUSD...prob deeper retrace
When the facts change I change my mind, what do you do sir
  • #65,800
  • Sep 18, 2013 10:24pm Sep 18, 2013 10:24pm
Quoting lazy
{quote} Hi As long as you got enough fund to support it is ok to hold if you want to short use futuers ( life 3 months) for long use spot cheers
Thank you i just closed my long with burns, decided to stay out, refresh my mind and redo it. I thought Fed will reduce at 5B but they didnt, the number recently wasnt their expectation. And i guess my research level is not that sharp yet. So in the mean time, green pip to all!
Logics do not apply in FOREX
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