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AUD/USD

  • #73,541
  • Mar 3, 2014 3:58am Mar 3, 2014 3:58am
based on gold price au should be up if gold holds there I will buy au dips
  • #73,542
  • Mar 3, 2014 4:05am Mar 3, 2014 4:05am
Quoting Miss05
{quote} Hi Jimmyboy88, I was short at 0.8980 because that time, it was simple break above overbought on my 1H TF bolinger band. Same Goes when I closed my green short at 0.8926..simply coz it was break down to my oversold. .Of course, if you want to play more longer TF u can use 4H. For these upcoming week, we should see what Monday price will be in AUD.
using boll band is your main strategy?
you dont use PA to confirm the reversal? sounds pretty risky to me
of course if you use PA to confirm you wont get the 'best' price
  • #73,543
  • Mar 3, 2014 4:10am Mar 3, 2014 4:10am
Quoting jimmyboy88
{quote} using boll band is your main strategy? you dont use PA to confirm the reversal? sounds pretty risky to me of course if you use PA to confirm you wont get the 'best' price
when you chart stare, you can normally place / visualize indicators.
for example, I use currently ichimoku exclusively, however in the past used band, macd, blah blah.. However when I see an ichimoku potential entry I can visualize the bands, visualize the trend. It is a common thing for new traders (not calling you new, this is just a general statement) to over complicate their charts with numerous indicators. When they get more experienced they start removing the indicators.
A genius is born every minute, me I am lucky if my socks match.
  • #73,544
  • Mar 3, 2014 4:11am Mar 3, 2014 4:11am
Quoting sonicvista12
Hi Miss05 thanks for your post... ok, a weekly chart analyst... I've never gone beyond dailies, mainly because I'm an intraday trader, shorter time frames, 4hr, 1hr, 5 min..... but maybe i need to look at the weekly's as well? The way my current trade is going (or not going!) indicates price has found a top and has failed to break up through. This fascinates me.... how much should an intraday trader pay attention to a weekly chart, and how much should a long term trader pay attention to the hourly etc....? I've done pretty well using the shorter...
Hi Sonic,
i use to trade daily, those weekly just for longer direction, in fact, i now on short from 0.8936.. and hopefully can go down to arround 0.8890 my target, but...if things not that good in upcoming moments, maybe we will see what will have to do.

I think booth of us should listen more and learn from Whackdiddy, he is more strong on Technical chart and news also.

@Whackdiddy,
yeah i though the 1st movement to be realistic though is AUD should down arround 30 pips, maybe 0.8900.. i totally agree with you bro. But like always...put protection shield armor also. LOL
I've failed many times, but I took the lessons,and never give up.God Bless.
  • #73,545
  • Mar 3, 2014 4:16am Mar 3, 2014 4:16am
Quoting jimmyboy88
{quote} using boll band is your main strategy? you dont use PA to confirm the reversal? sounds pretty risky to me of course if you use PA to confirm you wont get the 'best' price
Hi Jimmyboy88,
i dont use only BBand, i also use others indicator to decide what i have to do.. Totally there will be like arround 3 main indicator that using.
And also, watching different TF is important also, for me, i have to see TF 1H, 4H, 1D and 1W.

Like what Whackdiddy said above, that i used also used many..many indicator at first..but during those 'dark moment' --> still in dark moments also now ^^, i limited my indicator not more than 5 indicator if needed.

Every trader have it own style to trade, i'm sure you can find your style to trade, need to listen more and learn form all these amazing persons in these thread, it's help.

Good luck ^^V
I've failed many times, but I took the lessons,and never give up.God Bless.
  • #73,546
  • Mar 3, 2014 4:17am Mar 3, 2014 4:17am
thanks to you Miss05, whackdiddy and jimmyboy88... i close off my long for a 10P loss and am now sh from 0.89211. I can see now how the attempt by the bulls has failed, and it would appear that the sellers are now in control.
We don't see things as they are - we see things as we are.
  • #73,547
  • Mar 3, 2014 4:22am Mar 3, 2014 4:22am
Quoting whackdiddy
{quote} when you chart stare, you can normally place / visualize indicators. for example, I use currently ichimoku exclusively, however in the past used band, macd, blah blah.. However when I see an ichimoku potential entry I can visualize the bands, visualize the trend. It is a common thing for new traders (not calling you new, this is just a general statement) to over complicate their charts with numerous indicators. When they get more experienced they start removing the indicators.
i used to have ichimoku, boll band, macd but right now cut down to 2 indicators only ema. cci and PA to confirm my entry
i am now trying to filter my trades looking for double top and double bottom as many a times the straight rebounce(V) may result in further movement to my disadv. hope i explain properly what i am trying to say heehee
thanks for listening in
  • #73,548
  • Mar 3, 2014 4:26am Mar 3, 2014 4:26am
Quoting sonicvista12
thanks to you Miss05, whackdiddy and jimmyboy88... i close off my long for a 10P loss and am now sh from 0.89211. I can see now how the attempt by the bulls has failed, and it would appear that the sellers are now in control.
Sonic,
i just seen the chart, it's in the middle of section..dunno where to go now..
Please always do your protection, just in case it will go up..

in 1H time frame, the highest bar is in 0.8940, maybe it will be wise to put protection several pips higher (arround 0.8950 - 60).
Which i believe that if it break above those, it maybe will regain it's way back above.. (in short term.. , for longer term, need to see final price closing later).

@Whackdiidy, how about your opinion for several hours ahead?
I've failed many times, but I took the lessons,and never give up.God Bless.
  • #73,549
  • Mar 3, 2014 4:32am Mar 3, 2014 4:32am
Quoting Miss05
{quote} Sonic, i just seen the chart, it's in the middle of section..dunno where to go now.. Please always do your protection, just in case it will go up.. in 1H time frame, the highest bar is in 0.8940, maybe it will be wise to put protection several pips higher (arround 0.8950 - 60). Which i believe that if it break above those, it maybe will regain it's way back above.. (in short term.. , for longer term, need to see final price closing later). @Whackdiidy, how about your opinion for several hours ahead?
I was about to say the same thing.. the first chart is my daily chart with the green horizontal being top, blue being bottom of daily potential spread. As you can see we are dead center at the moment, so you would have to be crazy to enter i trade.. So I went short @ 0.89217

Why, the second chart is my 15m chart, we have bounced off the kijun once and look to be heading down.
However Gold does worry me, price has gone up so i will be looking for a very small gain and getting out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB
Click to Enlarge Name: Screenshot2.png Size: 41 KB
A genius is born every minute, me I am lucky if my socks match.
  • #73,550
  • Mar 3, 2014 4:35am Mar 3, 2014 4:35am
Quoting whackdiddy
{quote} I was about to say the same thing.. the first chart is my daily chart with the green horizontal being top, blue being bottom of daily potential spread. As you can see we are dead center at the moment, so you would have to be crazy to enter i trade.. So I went short @ 0.89217 Why, the second chart is my 15m chart, we have bounced off the kijun once and look to be heading down. However Gold does worry me, price has gone up so i will be looking for a very small gain and getting out. {image} {image}
Your daily chart, clearly same result as mine. We have some thought..

Now the surprising thing is, like i said, i'm not experienced in News or other pair related, so these Gold up movement, i will watch it closely.

Thanks Whackdiddy
I've failed many times, but I took the lessons,and never give up.God Bless.
  • #73,551
  • Mar 3, 2014 4:36am Mar 3, 2014 4:36am
Thank you Miss 05, You're right about SL for a short above 0.8940... mine is at 0.8945.... i am currently sh from 0.8921 and might move SL down if price drops to +10P @ 0.8911. Then, will the 'big round figure magnet (ie 0.8900)' draw price down to 0.8900??? I sure hope so, but there are no guarantees.
We don't see things as they are - we see things as we are.
  • #73,552
  • Mar 3, 2014 4:40am Mar 3, 2014 4:40am
Quoting sonicvista12
Thank you Miss 05, You're right about SL for a short above 0.8940... mine is at 0.8945.... i am currently sh from 0.8921 and might move SL down if price drops to +10P @ 0.8911. Then, will the 'big round figure magnet (ie 0.8900)' draw price down to 0.8900??? I sure hope so, but there are no guarantees.
^^V
I've failed many times, but I took the lessons,and never give up.God Bless.
  • #73,553
  • Mar 3, 2014 4:42am Mar 3, 2014 4:42am
Just so people do not enter a short now.. the movement has already taken place in regards to the charts I put up above.

Longer term, if we look at the weekly (second chart) we are a long way from the kijun @ 0.91870 and it is flat meaning it is ... word escapes me... consolidating.. so might be in for a range change back to the bullish trend (price always tries to get back to kijun). US weather is not going to hold up as an excuse in the next couple of weeks / months so AUD should (crystal ball broken) go up. However, AUD is also due a recession, housing bubble burst and companies are pulling out, so that should be a clear indicator to most people to be wary.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 34 KB
Click to Enlarge Name: Screenshot3.png Size: 36 KB
A genius is born every minute, me I am lucky if my socks match.
  • #73,554
  • Mar 3, 2014 4:55am Mar 3, 2014 4:55am
Gold Price Chart..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 39 KB
A genius is born every minute, me I am lucky if my socks match.
  • #73,555
  • Mar 3, 2014 5:04am Mar 3, 2014 5:04am
Quoting sonicvista12
Thank you Miss 05, You're right about SL for a short above 0.8940... mine is at 0.8945.... i am currently sh from 0.8921 and might move SL down if price drops to +10P @ 0.8911. Then, will the 'big round figure magnet (ie 0.8900)' draw price down to 0.8900??? I sure hope so, but there are no guarantees.
http://i1116.photobucket.com/albums/...psa5d203b3.jpg


Excellent trade. 0.8940 is a proven support turn resistance line. As long as price remain resisted by .8940, the bears are still in control.
The true fact is market doesn't care, risk mgt is important.
  • #73,556
  • Mar 3, 2014 5:07am Mar 3, 2014 5:07am
Quoting Ssm
{quote} {image} Excellent trade. 0.8940 is a proven support turn resistance line. As long as price remain resisted by .8940, the bears are still in control.
Hi Ssm, woow.. glad to have you share your thoughts, i hope more will come ^^
I've failed many times, but I took the lessons,and never give up.God Bless.
  • #73,557
  • Mar 3, 2014 5:31am Mar 3, 2014 5:31am
Quoting Miss05
{quote} Hi Ssm, woow.. glad to have you share your thoughts, i hope more will come ^^
Nevertheless, should we have a candle close (at least H4) above .8940, then picture will change to the possible bullish move.

Tomorrow RBA statement, traders might only load their positions after the release.
The true fact is market doesn't care, risk mgt is important.
  • #73,558
  • Mar 3, 2014 5:51am Mar 3, 2014 5:51am
RBA statements would be rather boring.
  • #73,559
  • Mar 3, 2014 5:56am Mar 3, 2014 5:56am
Thank you Ssm, the 4hr chart currently shows an inverted hammer (as the previous hammer to the current one)....., the weight at the base of the hammer.... price action seems to indicate a bearish stance for now at least.... I'm holding my sh from 0.8921 with a SL at 0.8945... let's see what the international mass human psyche decides on the value of AUDUSD.....
We don't see things as they are - we see things as we are.
  • #73,560
  • Mar 3, 2014 6:12am Mar 3, 2014 6:12am
Just closed my short at 0.8907 with Green pips. Once again second for today: thanks God.
And also got 17 pips from EU short.

I closed just because I think I have enough today, many blessed.

So I wil try to enjoy my night ands still. .watching these AUD movement. .

Have a great trade friends
I've failed many times, but I took the lessons,and never give up.God Bless.
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