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AUD/USD

  • #77,681
  • May 26, 2014 9:42pm May 26, 2014 9:42pm
Quoting zOrO2kX
{quote} (like Kofmaster says: it's all about timing) Here is my chart/position: {image}
looks like a professional trader can read something i can not read it my self as a simple trader. no worry

Hi ZO,

i see your entry point good, i see you are trading 8 hrs TF, very good, why did not take your profit at 92 and wait for another reload short ?
If you believe that the price can not go to 93 again that is another story??

trade safe
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #77,682
  • May 26, 2014 11:02pm May 26, 2014 11:02pm
one trader call short in a bull market, one trader call long in a bull market vice versa. Both can be right if you trade according to your strategies that had an edge. It is not following your plan that caused you to burn your pocket. I've learned through out the year that You cannot catch all the fluctuation. It is the main trend that earn you the most money. just my 2 cent

Instead of looking for sell signal, I'm actually trying to look for any strength indication. Everyone can see 0.92 is a support area but does the up move justified? is there any strength in the background that can push the trend all past 0.94? I dont think so, and I still can't see the strength from now.
My view on AU is downside, However it is still possible for it to go back to 0.94 area for a last distribution before it crash. my view will be only wrong when anytime frames closes above 0.9450-0.95 to be on the safe side. Except upthrust happens which indicates a strong bear signal.


Take note although I have a longer term view, my entry will still zoom from daily to the 15mins for entry, stoploss like 30pips for who knows what the target is~
Read the entire market, money is made on the main trend not the fluctuation
  • #77,683
  • May 27, 2014 12:34am May 27, 2014 12:34am
Quoting Zircon
{quote} looks like a professional trader can read something i can not read it my self as a simple trader. no worry Hi ZO, i see your entry point good, i see you are trading 8 hrs TF, very good, why did not take your profit at 92 and wait for another reload short ? If you believe that the price can not go to 93 again that is another story?? trade safe
Hey Zi,

I am not a profesional trader.. i'm just sharing my point of view and my position. Also i don't have much time to "intraday", thats why i left my trades open for weeks/months.

Here is my "non-pro" view of AUD/USD Weekly chart:

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDW1.png Size: 87 KB


I hope someone sees why i'm shorting it.
  • #77,684
  • May 27, 2014 12:41am May 27, 2014 12:41am
I'm rooting for it to cross R3

http://i.imgur.com/DR5rxZs.jpg

If it does, then we're on our way to nirvana
  • #77,685
  • May 27, 2014 1:18am May 27, 2014 1:18am
Quoting zOrO2kX
{quote} Hey Zi, I am not a profesional trader.. i'm just sharing my point of view and my position. Also i don't have much time to "intraday", thats why i left my trades open for weeks/months. Here is my "non-pro" view of AUD/USD Weekly chart: {image} I hope someone sees why i'm shorting it.
Yeah, I wouldn't be buying up here. Besides the technical, there is also a lot of political instability in Australia at the moment.
  • #77,686
  • May 27, 2014 1:25am May 27, 2014 1:25am
with a sequence of lower highs Gold looks prone to more downside risk, likely to test 1190-1200 area.
Due to correl with AU will result in lower AU rates.

Weekly AU price action - downwards sloping channel. Monthly AU - two spinning tops @ year pivot.
Reason enough to short sell into rallies.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
  • #77,687
  • May 27, 2014 1:29am May 27, 2014 1:29am
Agree with ruffryders.
The real action for AU should be next 2 weeks, the NFP and the AUD employment change. Therefore this week I reckon there suppose to be bouncing around within range
Read the entire market, money is made on the main trend not the fluctuation
  • #77,688
  • May 27, 2014 3:16am May 27, 2014 3:16am
Quoting zOrO2kX
{quote} Hey Zi, I am not a profesional trader.. i'm just sharing my point of view and my position. Also i don't have much time to "intraday", thats why i left my trades open for weeks/months. Here is my "non-pro" view of AUD/USD Weekly chart: {image} I hope someone sees why i'm shorting it.
Good morning Here,

No my friend, not referring to you , that was for another target...,A folk shown himself self pro here,.
Be a professional trader is not insult at all.

Be well ZO, I was meaning, better to take your profit at 92, shown a support now, later you can see if you enter short again and you profit is already with you.
Yes i know sometimes the work and other stuffs do not let us trading the good way isn't it?

Trade safe and GL
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #77,689
  • May 27, 2014 3:25am May 27, 2014 3:25am
Quoting Zircon
{quote} Good morning Here, No my friend, not referring to you , that was for another target...,A folk shown himself self pro here,. Be a professional trader is not insult at all. Be well ZO, I was meaning, better to take your profit at 92, shown a support now, later you can see if you enter short again and you profit is already with you. Yes i know sometimes the work and other stuffs do not let us trading the good way isn't it? Trade safe and GL
Are you referring to me then?
Read the entire market, money is made on the main trend not the fluctuation
  • #77,690
  • May 27, 2014 3:52am May 27, 2014 3:52am
Quoting Kofmaster
{quote} Are you referring to me then?

no at all
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #77,691
  • May 27, 2014 3:55am May 27, 2014 3:55am
Quoting Zircon
{quote} no at all
I was about to say thank you. Too bad then. Back to trading ~
Read the entire market, money is made on the main trend not the fluctuation
  • #77,692
  • May 27, 2014 4:01am May 27, 2014 4:01am
Quoting Kofmaster
{quote} I was about to say thank you. Too bad then. Back to trading ~
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #77,693
  • May 27, 2014 4:03am May 27, 2014 4:03am
Quoting Zircon
{quote}
30 min chart where we go?
Attached Image
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #77,694
  • May 27, 2014 7:54am May 27, 2014 7:54am
Quoting Magix
{image}
To THE PIP!

Hey Ruffelio...

Check it....
Attached Image (click to enlarge)
Click to Enlarge Name: suptest.png Size: 24 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #77,695
  • May 27, 2014 8:11am May 27, 2014 8:11am
AU is boring now.
Read the entire market, money is made on the main trend not the fluctuation
  • #77,696
  • May 27, 2014 9:31am May 27, 2014 9:31am
Quoting Kofmaster
AU is boring now.
Yeah what happened All US pairs r moving except this
Heed the lessons of failure.
  • #77,697
  • May 27, 2014 9:36am May 27, 2014 9:36am
Quoting Kofmaster
Agree with ruffryders. The real action for AU should be next 2 weeks, the NFP and the AUD employment change. Therefore this week I reckon there suppose to be bouncing around within range
I suppose this week is not going to amount much. Am waiting for monthly candle to close.
Read the entire market, money is made on the main trend not the fluctuation
  • #77,698
  • May 27, 2014 10:07am May 27, 2014 10:07am
Quoting Kofmaster
{quote} I suppose this week is not going to amount much. Am waiting for monthly candle to close.
There is not much movement. But, ranges are well-defined and relevant strategies very effective. There are pips to be made still (IMO)
  • #77,699
  • May 27, 2014 10:18am May 27, 2014 10:18am
Quoting Didgeridoo
{quote} There is not much movement. But, ranges are well-defined and relevant strategies very effective. There are pips to be made still (IMO)
Yes, but not applicable to me.
Read the entire market, money is made on the main trend not the fluctuation
  • #77,700
  • May 27, 2014 11:09am May 27, 2014 11:09am
Quoting Kofmaster
{quote} Yes, but not applicable to me.
fair enough.
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