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AUD/USD

  • #66,221
  • Sep 24, 2013 10:06am Sep 24, 2013 10:06am
Quoting Pharm0r
Oh by the way, those of you saying CHF/JPY is bullish were wrong. It's actually quite bearish.
Still looks bullish to me, but if your trading the H1 and smaller time frames, I'll give you that.

CHF/JPY Monthly
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Those who say it cannot be done should not interrupt those who are doing it
  • #66,222
  • Sep 24, 2013 10:09am Sep 24, 2013 10:09am
Quoting fxtyrant
{quote} what about me?? top enough?? {image}
Nah. You could have got it a few pips higher
Those who say it cannot be done should not interrupt those who are doing it
  • #66,223
  • Sep 24, 2013 10:09am Sep 24, 2013 10:09am
Quoting Pip Anon
{quote} Awww, but I really want to compare plums to bananas to dorian fruit
interesting....
id like to challenge you.... if you cannot use MONEY as a medium of exchange.... how would you come up with another method to measure what they are worth??

not easy huh....time to dig up my econometrics text book....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #66,224
  • Sep 24, 2013 10:11am Sep 24, 2013 10:11am
Quoting PipTrapper
{quote} Nah. You could have got it a few pips higher
DAMN.... that 1 or so pips, could've meant the world AHAHAH
btw be mindful that my signal came AFTER the spike candle with high of 159.90, signal to sell didnt come spot on that candle unfortunately.... but close enough to the high for a nice bag of profit me thinks...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #66,225
  • Sep 24, 2013 10:12am Sep 24, 2013 10:12am
Quoting RiverTrader
{quote} Hey C, Have you follow this pair: AUD/NZD? Can you share some of your view about it? TY.
I would love to tell you to buy the dips all the way to 1.18 and possibly beyond, but it's too early for that... but soon.
Those who say it cannot be done should not interrupt those who are doing it
  • #66,226
  • Sep 24, 2013 10:18am Sep 24, 2013 10:18am
Quoting fxtyrant
{quote} DAMN.... that 1 or so pips, could've meant the world AHAHAH btw be mindful that my signal came AFTER the spike candle with high of 159.90, signal to sell didnt come spot on that candle unfortunately.... but close enough to the high for a nice bag of profit me thinks...
Yes you did well on that one. Congrats

I once got a top perfectly to the pip. Last year some time I think. Best part is that it was a pending order.
The easiest ones to grab are the ones that the market at large is not generally aware of, otherwise you'd probably get slipped by a few pips.
Those who say it cannot be done should not interrupt those who are doing it
  • #66,227
  • Sep 24, 2013 10:21am Sep 24, 2013 10:21am
Quoting fxtyrant
{quote} Looking at Weekly i did say 0.85 a couple posts back on the ABCD move.... 0.95 top being the finish of C.... AB = 1.05 to 0.88, BC = 0.88 to 0.95 i wonder what CD is gona look like... maybe AB = CD AHAHHA problem is weekly charts could take a month for things to move.... but for now my target is 0.92 within 1week to 1month... after that... we'll see...
i was away for a few weeks,
if i remember correctly you called 88 as bottom.. and you were bullish with fundemental reasons to support your buy position..
what makes you change your sentiment?
  • #66,228
  • Sep 24, 2013 10:26am Sep 24, 2013 10:26am
Quoting HelloOz
{quote} i was away for a few weeks, if i remember correctly you called 88 as bottom.. and you were bullish with fundemental reasons to support your buy position.. what makes you change your sentiment?
i said i was 75% certain that 0.88 would be a temporary bottom for the year....doesnt mean we cannot close the year at 0.88 by year end or something.... allowing to make a call of 0.85 next year...

and my call at 0.88 as temporary low is due to daily price action hinting it was enough drop.... and i was 75% certain and im right....
went up to 0.95 where i observed it struggled to break above a 38.2% retracement drawn form the high of 1.05 to low of 0.88... thats sign enough for m that the downtrend continues and that the upwards move was merely a retracement.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #66,229
  • Sep 24, 2013 10:33am Sep 24, 2013 10:33am
Quoting buytosell
0.9366 still have chance ....
Got it.
There is a winner and a loser, nothing in between.
  • #66,230
  • Sep 24, 2013 10:34am Sep 24, 2013 10:34am
Quoting fxtyrant
{quote} interesting.... id like to challenge you.... if you cannot use MONEY as a medium of exchange.... how would you come up with another method to measure what they are worth?? not easy huh....time to dig up my econometrics text book....
Well, money is simply an item a group of people deem valuable. It doesn't have to be in the paper sense. Native Americans traded animal hides and fur and other essentials a few hounded years ago. Today, I personally have little value of that, but someone in the tundra may.

I mean it is kind of silly to think. For instance, we come to gather around this idea that a shiny, heavy metal found in the ground called gold is worth 1,300 an oz. because enough people have deemed it to be so, while some may not have a use for it.

Currency can be either paper or other. It is only valuable to those individuals that use it. I could trade you for one item I need, and vice versa without "money" exchange because the idea that what you have is valuable to me and vice versa is now the medium of exchange.
When the facts change I change my mind, what do you do sir
  • #66,231
  • Sep 24, 2013 10:45am Sep 24, 2013 10:45am
Quoting Pip Anon
{quote} Well, money is simply an item a group of people deem valuable. It doesn't have to be in the paper sense. Native Americans traded animal hides and fur and other essentials a few hounded years ago. Today, I personally have little value of that, but someone in the tundra may. I mean it is kind of silly to think. For instance, we come to gather around this idea that a shiny, heavy metal found in the ground called gold is worth 1,300 an oz. because enough people have deemed it to be so, while some may not have a use for it. Currency can be either...
Oh MY GOD, you totally spoke the word out of my mouth... i have been saying im not a believer of gold when it was up at 1700.. heck i wont even wana own any gold down at 800...

Demand and supply model suggests the Cost of producing a bar of gold and the value added up for the gold makes gold only worth 600 or so... no bloody reason to be so high priced...

Fundamentals however say that GOLD does not depreciate and it does not exhaust over time.... a gold bar is a gold bar no matter how many thousands of years... heck in fact a bar of gold can outlive humans long before we're gone....
when a gold is dug up, made into a coin... its still gona be a piece of gold coin... so really Supply of Gold in that sense should be considered Infinite.... its IN-FINITE because GOLD IS NOT A FINITE RESOURCE OVER TIME..... OIL is.... WATER is.... FOOD is..... but not Gold....

and when SUPPLY is INFINITE.... makes GOLD WORTHLESS no matter how many people are in demand for it....
thats my view.... a quite a controversial one... because people are just gona tell me supply of gold is not infinite, but they are wrong... supply of gold is INFINITE... its just in reality, the supply of gold is being constricted by manipulated means.... thats why Gold is up where it is.... but heck Remove the manipulated supply of gold and you will see gold DIE

BTW trading 1 item for another is called Barter Trade which couldnt happen millions of years ago when we were apes.... but now with the internet, it is quite possible to bring back bartering as a means of trade.... heck i read an article that a kid had a spoon and he started to exchange item for item from spoon to a drill, from drill to a toolbox, etc etc.... and he ended up with a car.... by bartering....
i remember reading this article but i dont remember where ive seen it... maybe someone can search it up or something...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #66,232
  • Sep 24, 2013 10:45am Sep 24, 2013 10:45am
Quoting fxtyrant
{quote} i said i was 75% certain that 0.88 would be a temporary bottom for the year....doesnt mean we cannot close the year at 0.88 by year end or something.... allowing to make a call of 0.85 next year... and my call at 0.88 as temporary low is due to daily price action hinting it was enough drop.... and i was 75% certain and im right.... went up to 0.95 where i observed it struggled to break above a 38.2% retracement drawn form the high of 1.05 to low of 0.88... thats sign enough for m that the downtrend continues and that the upwards move was...

Just so there is no confusion, this is my game plan. So we may be pretty much on the same page. The only question is (How high before crash bang boom!!!?)

AUD/USD Daily
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Those who say it cannot be done should not interrupt those who are doing it
  • #66,233
  • Sep 24, 2013 10:56am Sep 24, 2013 10:56am
Mr. Pips29,

Are you still short bias for this pair: AUD/NZD ? I am short.
I need your confirmation here:
people keep saying this pair has formed double bottom already.

I don't see it on any time frame, can you take a look please.
Simple is powerful all the time.
  • #66,234
  • Sep 24, 2013 11:00am Sep 24, 2013 11:00am
Quoting fxtyrant
{quote} Oh MY GOD, you totally spoke the word out of my mouth... i have been saying im not a believer of gold when it was up at 1700.. heck i wont even wana own any gold down at 800... Demand and supply model suggests the Cost of producing a bar of gold and the value added up for the gold makes gold only worth 600 or so... no bloody reason to be so high priced... Fundamentals however say that GOLD does not depreciate and it does not exhaust over time.... a gold bar is a gold bar no matter how many thousands of years... heck in fact a bar of gold...
I will tell you one thing, that gold nugget people have been saving will be worth a lot less when there is a scarcity of food and water. When everybody is starving, wtf want's a flake of gold?

Gold is like Canada's maple syrup, really! The quantities produced do not reflect the quantities on float. Gold corps, like Canada and maple syrup, control the outflow of the commodity. If the amount of gold mined where available, gold would be FAR less than it is now. Diamonds are on the same principle. Furthermore, the current price of gold largely reflects the paper money traded.

I just never got the gold thing. It's nice in theory, but say your government and currency collapses. People will be displaced and economic havoc will likely take place. Gold may stop a little hurt in the short-term. I think the VAST majority of gold owners do not have enough to do much of anything. Who's to say instead of 1,300 an oz, it goes to 1,300 for 6 oz?

Then again, as they try to lug their gold from tent city to tent city, I'm pulling tomatoes out of my garden. I may not be able to rock Hugo Boss suits like I use to, but I'll be surviving while others die of stupidity.

People have lived without gold for 1,000s of years but now we seem to think it's the end all be all
When the facts change I change my mind, what do you do sir
  • #66,235
  • Sep 24, 2013 11:15am Sep 24, 2013 11:15am
Quoting RiverTrader
Mr. Pips29, Are you still short bias for this pair: AUD/NZD ? I am short. I need your confirmation here: people keep saying this pair has formed double bottom already. I don't see it on any time frame, can you take a look please.
AUD/NZD Daily
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Those who say it cannot be done should not interrupt those who are doing it
  • #66,236
  • Sep 24, 2013 11:27am Sep 24, 2013 11:27am
Quoting RiverTrader
Mr. Pips29, Are you still short bias for this pair: AUD/NZD ? I am short. I need your confirmation here: people keep saying this pair has formed double bottom already. I don't see it on any time frame, can you take a look please.

Rivertrader, I am out of this trade and will wait further up to short when price tells me. All I can say is ozzie pairs are very difficult to trade. Just take a look at a/u. I am looking at other pairs. Sorry, can't help you much
the cautious seldom err....C
  • #66,237
  • Sep 24, 2013 11:49am Sep 24, 2013 11:49am
Quoting PipTrapper
{quote} AUD/NZD Daily {image}
OH, TYVM Mr. PipTrapper.
I have been looking for answer for a few days.
May extend my question to you, are you short bias or long bias?
Simple is powerful all the time.
  • #66,238
  • Sep 24, 2013 11:50am Sep 24, 2013 11:50am
Quoting pips29
{quote} Rivertrader, I am out of this trade and will wait further up to short when price tells me. All I can say is ozzie pairs are very difficult to trade. Just take a look at a/u. I am looking at other pairs. Sorry, can't help you much
Thanks for response. Any response is good response to me.
Simple is powerful all the time.
  • #66,239
  • Sep 24, 2013 12:06pm Sep 24, 2013 12:06pm
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Rivertrader ,the shaded area is one I wd pay attention and see what price does here. If rejection with a bearish candle on H1 or H4, preferably on H4 ,then I will short.
the cautious seldom err....C
  • #66,240
  • Sep 24, 2013 12:09pm Sep 24, 2013 12:09pm
Quoting PipTrapper
{quote} Still looks bullish to me, but if your trading the H1 and smaller time frames, I'll give you that. CHF/JPY Monthly {image}
Ha! There in lies the answer! Everything is always based on time frames, but we so seldom mention them when we decide if we are bullish or bearish. I trade daily/hourly on a weekly scale...in that I usually hold a trade a week maximum. Monthly is no concern of mine (today)- that could change lol

Anything under an hour is just noise to me. Tried that whole scapling bull....cost me about 20% of my account. Thank God for good money management.
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