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AUD/USD

  • #76,121
  • Apr 9, 2014 8:43pm Apr 9, 2014 8:43pm
Quoting geektrader
As I said, when everyone cries to SHORT, itīs the right time to go LONG 54 pips banked
if you liked it that much there is china news in 18 mins , it is risky to trade news especially when something is really high already
  • #76,122
  • Apr 9, 2014 8:45pm Apr 9, 2014 8:45pm
So who bought the jump lol
When the facts change I change my mind, what do you do sir
  • #76,123
  • Apr 9, 2014 8:48pm Apr 9, 2014 8:48pm
opened short, due for a correction and the report is not as strong as it looks (full time job loss)
  • #76,124
  • Apr 9, 2014 8:48pm Apr 9, 2014 8:48pm
Quoting Pip Anon
So who bought the jump lol
Hey Pip Anon!

I bought so much I made the price change!
Please check out my blog at https://from-zero-to-hero . net
  • #76,125
  • Apr 9, 2014 8:48pm Apr 9, 2014 8:48pm
Quoting Kmb Finance
{quote} if you liked it that much there is china news in 18 mins , it is risky to trade news especially when something is really high already
I am out for now, waiting for more people to cry SHORT, just seeing the masses switch bias a bit to LONG now it seems, I only go against the masses when 70%+ of them look for one direction, then I go into the other, you can count on that this will be a winner Thatīs "anti social trading", and it works
  • #76,126
  • Apr 9, 2014 8:50pm Apr 9, 2014 8:50pm
Quoting geektrader
As I said, when everyone cries to SHORT, itīs the right time to go LONG 54 pips banked
You simply gambled on news being positive.It could of been negative sending this poppy 100pips down.
It has nothing to do with "everyone" positions are basically 50/50
In trading, you have to be defensive and aggressive at the same time
  • #76,127
  • Apr 9, 2014 8:50pm Apr 9, 2014 8:50pm
Pending short @ 0.94970
  • #76,128
  • Apr 9, 2014 8:54pm Apr 9, 2014 8:54pm
Quoting geektrader
{quote} I am out for now, waiting for more people to cry SHORT, just seeing the masses switch bias a bit to LONG now it seems, I only go against the masses when 70%+ of them look for one direction, then I go into the other, you can count on that this will be a winner Thatīs "anti social trading", and it works
Aussie positions are pretty much equal with slight bias to Bear.
There is no 70%
I suggest you collect your money and be respectful of other traders.Nobody here is "crying"
With 20posts you are not starting on right attitude.
In trading, you have to be defensive and aggressive at the same time
  • #76,129
  • Apr 9, 2014 8:55pm Apr 9, 2014 8:55pm
0.95 is expected to be hit.

If RBA doesn't talk down this pair again, this pair probably will reach 0.97+.

0.94 short failed with tight stops. I add a little long order and try to sell this pair at 0.95. If 0.95 breaks, I will long this pair again until RBA talk down it.
  • #76,130
  • Apr 9, 2014 8:55pm Apr 9, 2014 8:55pm
long term aud not competitive at 94-95 price

this will cripple the manufacturing for good.
  • #76,131
  • Apr 9, 2014 8:57pm Apr 9, 2014 8:57pm
Quoting Davit
You simply gambled on news being positive.It could of been negative sending this poppy 100pips down. It has nothing to do with "everyone" positions are basically 50/50
You are right, positions are basically 50/50 and I do not think that the "consensus" opinion has any merit in a trade, but you are not entirely right. I hold the firm belief that the technicals can very well predict price action and even upcoming news announcements, provided that you know how to interpret the technicals correctly.

Me saying "up" was not just a stroke of luck. It was me reading and interpreting the AUD/USD chart correctly, 15 minutes before the news came out.

Plus, you should at least congratulate the guy for banking a well-deserved 54 pips of ez money . I don't care whether his reasoning was right or not. He made money, and that's it.
Please check out my blog at https://from-zero-to-hero . net
  • #76,132
  • Apr 9, 2014 8:57pm Apr 9, 2014 8:57pm
i hope any problem happen to australia to send aud down it will kill my account it went too much higher without the usual correction
  • #76,133
  • Apr 9, 2014 8:59pm Apr 9, 2014 8:59pm
Quoting smash1820
did it really just move 50+ pips??? my god... i should trade the news more often.
for me?
yes
escpecially one for a month, NFP aussie. a week after NFP USD. set a trap, bS, and SS
  • #76,134
  • Apr 9, 2014 9:02pm Apr 9, 2014 9:02pm
Itīs no rocket science really, just see http://mechanicalforex.com/2010/09/t...-myfxbook.html The level of AUDUSD shorts / longs is currently 78% short, 22% long. So my long bias absolutely stays, really nothing else to look at than that as it simply works in over 70% of the cases and thatīs absolutely enough to make money
  • #76,135
  • Apr 9, 2014 9:03pm Apr 9, 2014 9:03pm
Quoting geektrader
Itīs no rocket science really, just see http://mechanicalforex.com/2010/09/t...-myfxbook.html The level of AUDUSD shorts / longs is currently 78% short, 22% long. So my long bias absolutely stays, really nothing else to look at than that as it simply works
very interesting, it's worth a read. thanks
Please check out my blog at https://from-zero-to-hero . net
  • #76,136
  • Apr 9, 2014 9:06pm Apr 9, 2014 9:06pm
China trade data came in negative, hard to believe AUD can hold gains here...
  • #76,137
  • Apr 9, 2014 9:11pm Apr 9, 2014 9:11pm
Quoting dodoei
China trade data came in negative, hard to believe AUD can hold gains here...
it's just getting started
Please check out my blog at https://from-zero-to-hero . net
  • #76,138
  • Apr 9, 2014 9:13pm Apr 9, 2014 9:13pm
Quoting dodoei
China trade data came in negative, hard to believe AUD can hold gains here...

These two pairs have had very strong momentum...data at this point is not stopping it...as you can see data comes out....drops a bit and just creates more buying opportunity.
  • #76,139
  • Apr 9, 2014 9:13pm Apr 9, 2014 9:13pm
Quoting smash1820
{quote} You are right, positions are basically 50/50 and I do not think that the "consensus" opinion has any merit in a trade, but you are not entirely right. I hold the firm belief that the technicals can very well predict price action and even upcoming news announcements, provided that you know how to interpret the technicals correctly. Me saying "up" was not just a stroke of luck. It was me reading and interpreting the AUD/USD chart correctly, 15 minutes before the news came out. Plus, you should at least congratulate the guy for banking a well-deserved...
Smash
Charts can't read data specially unreleased ones.Like you said 15 min prior of news release.Well that's simply not the reality.
Today for example prior of FOMC 2pm prices fell over 50pips in 1hr 30min 15 min charts at exactly 2pm prices shoot up..Reality is we don't know the content of data best we can do is anticipate the outcome based upon fundamentals even then it is still hard to say "I saw it on the chart" Perhaps after the news its easier to "see" but not before.
REgards
In trading, you have to be defensive and aggressive at the same time
  • #76,140
  • Apr 9, 2014 9:13pm Apr 9, 2014 9:13pm
it might not see 9500. the yearly pivot is 9450. It hit 9440 and bounced down
ignore wackos and psychos, including myself. But I can't add myself to iggy
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