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AUD/USD

  • #76,221
  • Apr 10, 2014 3:57am Apr 10, 2014 3:57am
Quoting Davit
{quote} Everything is rosy then why are you selling? contradicting your own conviction.
LOL, it isn't a contradiction .. markets go up AND down .. not just straight one way.

Why I am selling ... into resistance ... well think about it, why would I buy at resistance?

are you angry because you are short and under water?

but I am short ... yes, and I will remain so unless we break highs again , then I will flip ... and I will start buying around .8500 .. if we go below,, I will either buy .8250 or I will see if we test highs again and if we don't break highs ... I will sell the highs ... again.

It isn't hard.

Over all, LONG TERM, I am bullish. If we break below .8050, I turn bearish. simple as that. got it?
  • #76,222
  • Apr 10, 2014 3:58am Apr 10, 2014 3:58am
Quoting Davit
{quote} I thought you just wrote you are not shorting?
LOL, it is called a scalp.

There is a difference between taking a trade and being bearish a pair. I am NOT bearish China, AUD, NZD, EUR, etc. but I may sell the currency.

are you being serious?
  • #76,223
  • Apr 10, 2014 3:59am Apr 10, 2014 3:59am
Quoting Davit
{quote} you have 186 posts most are extreme numbers.Just calm down dude.
Yes, I got stopped out, and I said 'i am not shorting anytime soon' ...

Sorry I am not holding losing trades like you!
  • #76,224
  • Apr 10, 2014 4:05am Apr 10, 2014 4:05am
Quoting slow-trader
{quote} LOL, it isn't a contradiction .. markets go up AND down .. not just straight one way. Why I am selling ... into resistance ... well think about it, why would I buy at resistance? are you angry because you are short and under water? but I am short ... yes, and I will remain so unless we break highs again , then I will flip ... and I will start buying around .8500 .. if we go below,, I will either buy .8250 or I will see if we test highs again and if we don't break highs ... I will sell the highs ... again. It isn't hard. Over all, LONG TERM,...
No I have no position on AU and I am not angry at all.I just get annoyed people drumming same beat without logic over and over.
In trading, you have to be defensive and aggressive at the same time
  • #76,225
  • Apr 10, 2014 4:07am Apr 10, 2014 4:07am
Quoting Chanlie
{quote} Hi Davit, NU up to the moon.. i closed my short in red.. how about you?? keep holding short?
Still open.Nothing closed.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #76,226
  • Apr 10, 2014 4:11am Apr 10, 2014 4:11am
Quoting Davit
{quote} No I have no position on AU and I am not angry at all.I just get annoyed people drumming same beat without logic over and over.
HuH, what logic over and over?

I am bullish AUD, NZD until we break yearly lows. I sell at resistance and buy at support. I think you are under water and angry and any opinion that doesn't match your thesis on what should happen.

The logic is simple. very simple (to simple for you?)

Fundi's - they have good employment, good exports, good wages, good tourism, good GDP, etc.

Techs. Just look at the chart. Any major selloffs were 'external' and not 'internal' ... there is only rhetoric at this point coming out of China and Europe. So a couple companies are going to default, so who cares. If things change internationally and demand for AUD exports go down, I will simply turn off the bullish switch in my head onto bearish.

If we break below .92, I will sell a rally into .9450 (or higher if we go higher now) unless we break highs again.

below that, I will be buying .89 and .87 ... and closing shorts in those areas in 1/4 to 1/2 increments.

Please, how is that without logic.

It is a predetermined plan. I don't enter a trade and sit on it like you 'hoping' for the market to turn my way. I entered an AUD short with tight SL and I was wrong .... so I pay the consequences and give up a few pips. Dust off my shoulder and move on.
  • #76,227
  • Apr 10, 2014 4:16am Apr 10, 2014 4:16am
Quoting Davit
{quote} No I have no position on AU and I am not angry at all.I just get annoyed people drumming same beat without logic over and over.
Without Logic ?
Making Ordinary To Be Extraordinary .
  • #76,228
  • Apr 10, 2014 4:38am Apr 10, 2014 4:38am
Quoting Halba
{quote} anything that moves at that kind of pace is a bubble,theres nothing much that can change exchange rate 6% in just 1 month, thats such a huge fast move. AUD is a much smaller narrow based economy than USD.

Not extraordinary at all. Just take a look at the April seasonals (4th column down) .
+6% twice & almost +5% once in the last 8 years.

April is easily the best month for AUD/USD, averaging 2.82%. The Aussie has gained in 8 of the past 9 Aprils and the lone exception was last year. Even then, AUD/USD rose in the first half of the month before starting a collapse than continued through to August.


http://www.forexfactory.com/attachme...6&d=1397122101
  • #76,229
  • Apr 10, 2014 4:39am Apr 10, 2014 4:39am
If Aussie takes a pause, long USDCAD could be in order. Strong inverse correlation.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-10-TOS_USDCAD.png Size: 111 KB
When the facts change I change my mind, what do you do sir
  • #76,230
  • Apr 10, 2014 4:55am Apr 10, 2014 4:55am
It will go up further before going down because there are so many shorting this pair. it has to take some stops before go down maybe 100 pips +
  • #76,231
  • Apr 10, 2014 4:59am Apr 10, 2014 4:59am
Quoting yaphets
It will go up further before going down because there are so many shorting this pair. it has to take some stops before go down maybe 100 pips +
48% long 51% short
Almost even
In trading, you have to be defensive and aggressive at the same time
  • #76,232
  • Apr 10, 2014 5:01am Apr 10, 2014 5:01am
Quoting Davit
{quote} 48% long 51% short Almost even


true....and that's the case most of the time.....mostly it is in the trader's mind depending on their market exposure
  • #76,233
  • Apr 10, 2014 5:55am Apr 10, 2014 5:55am
Quoting TheTopBloke
{quote} This isn't reddit. Stop it.
Shut it
  • #76,234
  • Apr 10, 2014 6:10am Apr 10, 2014 6:10am
Quoting Pip Anon
If Aussie takes a pause, long USDCAD could be in order. Strong inverse correlation. {image}
Well this is working out nicely
When the facts change I change my mind, what do you do sir
  • #76,235
  • Apr 10, 2014 6:19am Apr 10, 2014 6:19am
I love my news EA.
Attached Image (click to enlarge)
Click to Enlarge Name: news_tradeA_U.JPG Size: 81 KB
  • #76,236
  • Apr 10, 2014 6:42am Apr 10, 2014 6:42am
Quoting mrluckystar
{quote} Retrace to 0.9260 would be nice...where are the seller of AU? I want to join with u guys...
Close EA n GA buy trade... +$600... will AU have pinbar on daily tommorow maybe??
Peace Yo!
  • #76,237
  • Apr 10, 2014 6:44am Apr 10, 2014 6:44am
Quoting Ken A
{quote} For A/U key level for me is .95 if didn't hold then more upside. With FOMC in the mix is not easy to predict the move. E/A is more downside and immediate target for me is X {image}
Im on AU seller camp now ken... Lol..
Peace Yo!
  • #76,238
  • Apr 10, 2014 7:05am Apr 10, 2014 7:05am
Quoting mrluckystar
{quote} Im on AU seller camp now ken... Lol..
Technically, there's nothing wrong to short or long depends on pips target. Holding for long term is another approach of position size or position leverage and swap points.
  • #76,239
  • Apr 10, 2014 7:28am Apr 10, 2014 7:28am
Quoting Ken A
{quote} Technically, there's nothing wrong to short or long depends on pips target. Holding for long term is another approach of position size or position leverage and swap points.
I know ken, .... im just joking with you about "seller camp" coz 2 day ago to many seller in this thread... im just temperorry in seller camp rite now..
Peace Yo!
  • #76,240
  • Apr 10, 2014 7:33am Apr 10, 2014 7:33am
Lighten up you lot. Y'all gettin far too serious..
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