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AUD/USD

  • #67,401
  • Oct 11, 2013 5:16am Oct 11, 2013 5:16am
Quoting geomink
{quote} it is possible but for now I prefer stay flat, cause I'm not seeing clear short signals at all yet
what even worries me is i dont see no long signals either and theres a lot of people here getting excited by a 10-15 pip spike up...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #67,402
  • Oct 11, 2013 5:16am Oct 11, 2013 5:16am
I don't think it can break 0.95. Otherwise it's too great to short.

Aussie jobless rate will exceed over 6% at the end of this year and 2014. So I don't think AUD can stay above 0.95. Too much pressure there.
  • #67,403
  • Oct 11, 2013 5:17am Oct 11, 2013 5:17am
Quoting KiwiOz
{quote} Hey hey fxtyrant. Methinks you are letting your emotions cloud your trading. Maybe time for you to take evasive action & Hedge those Ozzie shorts you are holding. Lol. I know you can ride it out with your demo account but has your live account the benefit of the same leverage.?? Ozzie has the potential to go as high as 0.97 before coming back & proceeding down 0.90.
yea buddy im not trading with any emotions. all techs and algorithms doing the job for me, all i need ot do is execute when a signal comes in... so far my algorithm is 80% profitable on a 1:1 risk reward ratio.

and yea i have it linked to my live account... live account already up 20% this month.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #67,404
  • Oct 11, 2013 5:17am Oct 11, 2013 5:17am
Attached Image (click to enlarge)
Click to Enlarge Name: БезымÑнный.png Size: 29 KB
  • #67,405
  • Oct 11, 2013 5:22am Oct 11, 2013 5:22am
Quoting fxtyrant
{quote} what even worries me is i dont see no long signals either and theres a lot of people here getting excited by a 10-15 pip spike up...

in any case, for now we have aud strong versus usd weak; in the future....... i don't know, but that's for now
Don't give up
  • #67,406
  • Oct 11, 2013 5:28am Oct 11, 2013 5:28am
Quoting fxtyrant
{quote} yea buddy im not trading with any emotions. all techs and algorithms doing the job for me, all i need ot do is execute when a signal comes in... so far my algorithm is 80% profitable on a 1:1 risk reward ratio. and yea i have it linked to my live account... live account already up 20% this month.
i think GBP/AUD is more interesting right now..
divergence n bullish setup.. maybe 1 more leg down before going up..
what do u think about it?
  • #67,407
  • Oct 11, 2013 5:31am Oct 11, 2013 5:31am
Quoting fxtyrant
{quote} yea buddy im not trading with any emotions. all techs and algorithms doing the job for me, all i need ot do is execute when a signal comes in... so far my algorithm is 80% profitable on a 1:1 risk reward ratio. and yea i have it linked to my live account... live account already up 20% this month.
Yes I see your trades on other pairs are covering your Ozzie trades. Well done. You will be right on the Ozzie in the long run but there could be a lot of UP before the Down comes.
Money Makes Money
  • #67,408
  • Oct 11, 2013 5:35am Oct 11, 2013 5:35am
Quoting KiwiOz
{quote} Yes I see your trades on other pairs are covering your Ozzie trades. Well done. You will be right on the Ozzie in the long run but there could be a lot of UP before the Down comes.
PS: If your live account is up 20% for the month you must be trading it differently to the demo account.?????
Money Makes Money
  • #67,409
  • Oct 11, 2013 5:45am Oct 11, 2013 5:45am
Quoting KiwiOz
{quote} PS: If your live account is up 20% for the month you must be trading it differently to the demo account.?????
Nah its the slightly higher risk exposure on the live due to larger leverage
demo 1:50 live 1:200
thing is.... Now that my demo has grown to 80k i havent quite adjusted my lotsize higher to keep up with the gains

i have to say i havent been up to par with my money management for the demo, should be increasing lotsizes on an increasing account size, ill slowly do it perhaps, but atleast im not over exposing myself
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #67,410
  • Oct 11, 2013 5:48am Oct 11, 2013 5:48am
If .9484 holds this would be a triple top on a 1h chart very strong resistance. still holding on to my shorts ....
  • #67,411
  • Oct 11, 2013 5:54am Oct 11, 2013 5:54am
If audusd closes today below .9440 then bears will take over all next week... reaching the .9150 area
  • #67,412
  • Oct 11, 2013 6:01am Oct 11, 2013 6:01am
Two headed monster on the Eur/Aud chart. Lol. 'Tis the devil himself.
Double headed H n S showing 50% drop from neck. Right where my bottom target is.
Remember. Eur/Aud goeth in the opposite direction to Aus/Usd.
Attached Image (click to enlarge)
Click to Enlarge Name: eurauddaily.png Size: 40 KB
Money Makes Money
  • #67,413
  • Oct 11, 2013 6:14am Oct 11, 2013 6:14am
Quoting KiwiOz
Two headed monster on the Eur/Aud chart. Lol. 'Tis the devil himself. Double headed H n S showing 50% drop from neck. Right where my bottom target is. Remember. Eur/Aud goeth in the opposite direction to Aus/Usd. {image}
Yea heres where im gona test ur fundamentals
why do u thin euraus rised up so much in 2013??
and why do you think its gona go back down??
have you consider the fact that euraud rised up so fast in 2013 due to the fast paced RBA rate cuts?
have you considered that for euraud to drop back down it means than RBA need to increase rates to do so??
what is the probability of RBA raising rates do you think?
for me, RBA has no chance of raising rates for now.
fundamentals just not there
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #67,414
  • Oct 11, 2013 6:21am Oct 11, 2013 6:21am
Quoting fxtyrant
{quote} Yea heres where im gona test ur fundamentals why do u thin euraus rised up so much in 2013?? and why do you think its gona go back down?? have you consider the fact that euraud rised up so fast in 2013 due to the fast paced RBA rate cuts? have you considered that for euraud to drop back down it means than RBA need to increase rates to do so?? what is the probability of RBA raising rates do you think? for me, RBA has no chance of raising rates for now. fundamentals just not there
I don't think we need to raise rates, we just have to stop dropping them, and the word on the Aussie street is rates have now bottomed out
Come with me if you want to live....
  • #67,415
  • Oct 11, 2013 6:29am Oct 11, 2013 6:29am
Quoting fxtyrant
{quote} Yea heres where im gona test ur fundamentals why do u thin euraus rised up so much in 2013?? and why do you think its gona go back down?? have you consider the fact that euraud rised up so fast in 2013 due to the fast paced RBA rate cuts? have you considered that for euraud to drop back down it means than RBA need to increase rates to do so?? what is the probability of RBA raising rates do you think? for me, RBA has no chance of raising rates for now. fundamentals just not there
Haha. No use testing my fundamentals. I take very little notice of them. Just back ground noise to me. I just trade the Tech's as I see them. This Ozzie rise is just a retracement. that's all it is. Every move, up or down, large or small has a retracement. Often 60% to 70%. This retracement if it goes to 0.97 would be only a 38% retrace on the move from 1.08 to 0.88. And a 50% retrace on the move from 1.0580 to 0.88. So that's why I say the Ozzie has the potential to go up to 0.97. Remember it is just a retracement....cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdweekly.png Size: 54 KB
Money Makes Money
  • #67,416
  • Oct 11, 2013 6:30am Oct 11, 2013 6:30am
Quoting Ill-b-back
{quote} I don't think we need to raise rates, we just have to stop dropping them, and the word on the Aussie street is rates have now bottomed out
Right & right again..
Money Makes Money
  • #67,417
  • Oct 11, 2013 6:31am Oct 11, 2013 6:31am
Quoting KiwiOz
{quote} Haha. No use testing my fundamentals. I take very little notice of them. Just back ground noise to me. I just trade the Tech's as I see them. This Ozzie rise is just a retracement. that's all it is. Every move, up or down, large or small has a retracement. Often 60% to 70%. This retracement if it goes to 0.97 would be only a 38% retrace on the move from 1.08 to 0.88. And a 50% retrace on the move from 1.0580 to 0.88. So that's why I say the Ozzie has the potential to go up to 0.97. Remember it is just a retracement....cheers. {image}
It's also where the weekly 200 and 55 emas are hovering.
Come with me if you want to live....
  • #67,418
  • Oct 11, 2013 6:36am Oct 11, 2013 6:36am
Quoting Ill-b-back
{quote} It's also where the weekly 200 and 55 emas are hovering.
I don't use them but thanks for the info'

Off to bed. what will be will be.
Money Makes Money
  • #67,419
  • Oct 11, 2013 6:37am Oct 11, 2013 6:37am
AUD obviously broke through that resistance I posted, closed out for a -3% loss. Most of that covered earlier from profit taking. 9617 is next level for me. Onto other pairs in the mean time
  • #67,420
  • Oct 11, 2013 6:55am Oct 11, 2013 6:55am
Quoting Ill-b-back
{quote} I don't think we need to raise rates, we just have to stop dropping them, and the word on the Aussie street is rates have now bottomed out
rate cut has been only postponed to early 2014 but it is still in. This has been already priced in. Jobs and mining are still bad. housing sector is probably close to a bubble. China has been dodgy recently. I don't see a big move up right now. Some consolidation is more likely.
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