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AUD/USD

  • #70,101
  • Dec 1, 2013 10:03pm Dec 1, 2013 10:03pm
Quoting tony95
{quote} Crap, this isn't looking good
You holding short?
  • #70,102
  • Dec 1, 2013 10:06pm Dec 1, 2013 10:06pm
Today's S/R levels on MT4 templates

EURO
CABLE
AUDUSD


http://www.forexfactory.com/showthre...86#post7126886
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #70,103
  • Dec 1, 2013 10:14pm Dec 1, 2013 10:14pm
Quoting k3nshinz3139
{quote} You holding short?

yes, almost out at break even. I gotta get out of this with something
  • #70,104
  • Dec 2, 2013 12:47am Dec 2, 2013 12:47am
It seems graphs end up doing what they want, using fundamentals as an excuse. Except for news taht really change things, they do what they do, and even big news are nothing but temporary. It is clear after 7 years insiders know their sh$t, and they take the price towards a point, which always make current news OLD news (eg when the PA is aligned with them, as for example now the AUD that takes every possitive news up; when for the last 2 weeks totally IGNORED good news...) or the pair will just ignore news and some smuck will come up with some lame excuse on WHY that par-ti-cu-lar piece of news was ignored....

Maybe the point i am trying to make is that it all seems manipulated...what make some news relevant and some news not relevant?

An all time example is EURUSD. Rate cuts surprised the hell out of everyone a couple of weeks ago. I got some pips scalping the news, i don't trade the pair

This is all related to Santuary's question and what actually triggers this post. So Rate Cuts should take a pair down right? bulls&it...look at the EUR USD now... up up up..aaaaaand up

Point? lame middle class smucks like myself hoping to end the rat race open an order, and constantly get stop losses hit, enter again thinking ok Baby Pips and some forum gurues and even the newspaper guy say low rates is bad for currency....BS.... tell that to EUR USD... mate this is a lottery ...i love it, but I know am gambling
  • #70,105
  • Dec 2, 2013 1:15am Dec 2, 2013 1:15am
Quoting k3nshinz3139
{quote} You holding short?
Hi, wish you good luck.

Do you trade just by feeling, not by rule?
Outcome is not important at all, but correct technique is what only matters
  • #70,106
  • Dec 2, 2013 1:18am Dec 2, 2013 1:18am
Quoting szpowerx
{quote} Hi, wish you good luck. Do you trade just by feeling, not by rule?
You asking me ?
  • #70,107
  • Dec 2, 2013 1:20am Dec 2, 2013 1:20am
Quoting thewriter30
It seems graphs end up doing what they want, using fundamentals as an excuse. Except for news taht really change things, they do what they do, and even big news are nothing but temporary. It is clear after 7 years insiders know their sh$t, and they take the price towards a point, which always make current news OLD news (eg when the PA is aligned with them, as for example now the AUD that takes every possitive news up; when for the last 2 weeks totally IGNORED good news...) or the pair will just ignore news and some smuck will come up with some lame...
Who is it? Or Who are they? Can't figure a group of persons has that much power. From my understanding, what drive the market are Banks, Commercial companies, and Fund Managers. This collectives mutually agree on a single rate?
Don't blame the tools. Blame the carpenter.
  • #70,108
  • Dec 2, 2013 2:03am Dec 2, 2013 2:03am
Quoting thewriter30
It seems graphs end up doing what they want, using fundamentals as an excuse. Except for news taht really change things, they do what they do, and even big news are nothing but temporary. It is clear after 7 years insiders know their sh$t, and they take the price towards a point, which always make current news OLD news (eg when the PA is aligned with them, as for example now the AUD that takes every possitive news up; when for the last 2 weeks totally IGNORED good news...) or the pair will just ignore news and some smuck will come up with some lame...
Many market movers are not speculating for profit. They are hedging their exposure or simply converting currency. Those market movers that are speculating for profit have staff with experience and access to information that most individual traders-from-home don't have. They do speculate and take on risk. Some of them lose big too. I wrote about news releases and their market reactions recently on this thread. Banks, corporations and funds usually (as in almost always) try to position themselves before news releases or fundamental changes. A reaction to news release that seems contrary to what is expected may very well be a correction to an over-correction. For example, market movers are expecting a rate cut and position themselves for a worse than expected scenario (just in case). So when news is released that a rate cut is the expected 0.25%, some of these large players may have positioned themselves for a worse case of 0.50% cut. The result will be strengthening as opposed to the seemingly logical weakening. There's more to it than that though. As aforementioned, some large market participants might just be looking to hedge a newly created exposure as a result of the news release - some of which might also contradict what is considered the 'logical reaction'.

The market is made up of many variables (direct and indirect) making it difficult to predict sometimes. As a retail trader/investor you have 2 choices...

1) Stay informed and aware of what is happening to the best of your ability. Embrace change and try to use it to your advantage over the long-term.

2) Do nothing and write posts on forums complaining about how everything is manipulated.


I'm sure there are some folks/groups that have privileged information not available to the general public (aka insider info). That will never change. They are a natural and small part of the market (as a whole). That does not mean you cannot be successful as a trader. If you find the right combination of strategy and discipline you will be successful.
  • #70,109
  • Dec 2, 2013 2:08am Dec 2, 2013 2:08am
Quoting k3nshinz3139
{quote} You asking me ?


Attached Image
  • #70,110
  • Dec 2, 2013 2:13am Dec 2, 2013 2:13am
Quoting 2+2=4ex
{quote} {image}
Haha.. I also no idea what is his statement..
  • #70,111
  • Dec 2, 2013 2:17am Dec 2, 2013 2:17am
Quoting k3nshinz3139
{quote} Locked profit at .91... waiting PA to break below .9050 still the same target .8895
Outcome is not important at all, but correct technique is what only matters
  • #70,112
  • Dec 2, 2013 2:18am Dec 2, 2013 2:18am
Quoting k3nshinz3139
{quote} Add on : 2014 Target 0.77
Outcome is not important at all, but correct technique is what only matters
  • #70,113
  • Dec 2, 2013 2:18am Dec 2, 2013 2:18am
Quoting k3nshinz3139
{quote} .91 short short.. another diving to go..
Outcome is not important at all, but correct technique is what only matters
  • #70,114
  • Dec 2, 2013 2:24am Dec 2, 2013 2:24am
Quoting szpowerx
{quote}
Please check the date and the words... I know my English is poor, but I did not mention any short so far today...

Add on : 2014 Target 0.77<< 2014...

.91 short short.. another diving to go.. (already go dived.. .905x)

and today latest is
915 is taken out..
Buy dip now.. Target .93 << Long for weekly SL entry point... which is 913...

913 is become support now.. Let see the PA in London can break below or above..
Very obvious is long..

Daily RSI point up.. Daily just exit the oversold situation..
Daily 20 EMA at .92 area.. << Long

If tomorrow the statement is mention further cut in Q1 of 2014 and more dovish.. weekly & monthly continue bearish..

Hi Stevens, what's the next plan ?
  • #70,115
  • Dec 2, 2013 2:27am Dec 2, 2013 2:27am
Quoting k3nshinz3139
{quote} Please check the date and the words... I know my English is poor, but I did not mention any short so far today... Add on : 2014 Target 0.77<< 2014... .91 short short.. another diving to go.. (already go dived.. .905x) and today latest is 915 is taken out.. Buy dip now.. Target .93 << Long for weekly SL entry point... which is 913... 913 is become support now.. Let see the PA in London can break below or above.. Very obvious is long.. Daily RSI point up.. Daily just exit the oversold situation.. Daily 20 EMA at .92 area.. << Long If tomorrow...
You change too quickly, anyway, it is none of my business.
Outcome is not important at all, but correct technique is what only matters
  • #70,116
  • Dec 2, 2013 2:30am Dec 2, 2013 2:30am
Quoting szpowerx
{quote} You change too quickly, anyway, it is none of my business.
In forex world will slow ?

Yea.. I know.. but since you quote, I need to answer.. If not I feel like not respect you..
  • #70,117
  • Dec 2, 2013 2:42am Dec 2, 2013 2:42am
Quoting szpowerx
{quote} You change too quickly, anyway, it is none of my business.
I believe a good trader should know 2 sides of the coin. One shouldn't be too emotional and attached to one side.
K3 is right to be flexible and responsive to market changes, at least I couldn't and gets too attached at times.
The true fact is market doesn't care, risk mgt is important.
  • #70,118
  • Dec 2, 2013 2:43am Dec 2, 2013 2:43am
Quoting k3nshinz3139
{quote} In forex world will slow ? Yea.. I know.. but since you quote, I need to answer.. If not I feel like not respect you..
Yes, everybody has his own style. Your style is as fast as a rabbit.

Reasonable.
Outcome is not important at all, but correct technique is what only matters
  • #70,119
  • Dec 2, 2013 2:46am Dec 2, 2013 2:46am
Quoting Ssm
{quote} I believe a good trader should know 2 sides of the coin. One shouldn't be too emotional and attached to one side. K3 is right to be flexible and responsive to market changes, at least I couldn't and gets too attached at times.
Everybody has his own style. I am really fixed on my assumption.

I wouldn't adjust my plan on the fly, when i am wrong, the SL will play his role.

Anyway, its yourself's, just a personal style.
Outcome is not important at all, but correct technique is what only matters
  • #70,120
  • Dec 2, 2013 2:52am Dec 2, 2013 2:52am
Quoting szpowerx
{quote} Yes, everybody has his own style. Your style is as fast as a rabbit. Reasonable.
I am rabbit =.= I mean the Chinese Zodiac
but I am exit if wrong.. hit the lock place.. better than account burn.. try again and again.. Weekly I know is down trend.. Monthly also is down trend.. but oversold situation now for Daily & 4h.. That why must do adjustment

Sorry no offend.. I am new and also is learning from what I read & see..
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