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AUD/USD

  • #78,921
  • Jun 8, 2014 9:26pm Jun 8, 2014 9:26pm
Thanks much "saqoli" I did put long by mistake, fixed now.
"Look Left Think Right"
  • #78,922
  • Jun 8, 2014 9:28pm Jun 8, 2014 9:28pm
Quoting JTattheRanch
{quote} the millions and millions that now invest in forex seeing the pattern as a down one and then shorting. This will make it go up. Brokers are not going to lose money and they can control the price. They will send it further yet, maybe much further and so far until the pattern looks like it will never go down. Then they will send it down. That's forex. And it's worse now because so many people do it now and they also chat online about it and tell everyone how to trade. All you read here is people telegraphing on a chart the pattern.... This...
Please stop propagating myths
6% retail is insignificant even they are millions and millions of retail traders(as you state it)does not matter.
50/50% long short now even if it was 90 short 10 long still would not matter.
Its a question of volume and size of orders placed.Retail market is not moving price.
If you can provide statistical evidence of contrary please share.

I made ton of money shorting NU,EU GU when 75% retail was short and guess what price did drop significantly from 69 39 87
So if you don't have evidence to back up your myths then I suggest stop spreading it.
You suggesting forum chat posts effecting patterns is a joke....
Let me put this frankly. The guy at Hedge fund/Bank unloading 100 million contracts does not even know you exist.
In trading, you have to be defensive and aggressive at the same time
  • #78,923
  • Jun 8, 2014 9:36pm Jun 8, 2014 9:36pm
Quoting CurrencyAnalyst
Thanks much "saqoli" I did put long by mistake, fixed now.
Maybe god wants you to put Long and Long is correct!!! , Analysis is not correct always and usually they are incorrect often!!
  • #78,924
  • Edited 10:04pm Jun 8, 2014 9:44pm | Edited 10:04pm
Quoting JTattheRanch
{quote} Aussie is up 30 just today. That's the proof idiot. Now go prove yourself. I'm right.
firstly, I just asked you where did you get info about 'Thousands and thousands of people write in and they're saying it's going down...' From my side, I provided a link to oanda analysis, which does not says about something, but shows actual ratio stating equal positions...
secondly, 30 is actually nothing
thirdly, just to remind you that the day just begun
fourthly, you will answer for 'idiot', boy
  • #78,925
  • Jun 8, 2014 10:44pm Jun 8, 2014 10:44pm
Quoting albchr
{quote} The good ones don't have to try Ken. It comes though naturally brother. Believe it or not, I just found your thread this weekend. I will follow along. I agree with all things not being as easy as they once were. I "very loosely" continue to claim it's because we really don't have a market driven market anymore. It's all news, stats and politics and such. I know that's not totally accurate but I think you know what I mean in general. I'll learn as I go like most things I guess. When I started forex I was just humble carpenter. Relatively...
We all have to start from somewhere.

Aussie, French and German bank holiday - looks like some will be crushed by London
  • #78,926
  • Jun 8, 2014 11:42pm Jun 8, 2014 11:42pm
Quoting Mark up
{quote} MT4 / Go markets here, very slow as in "not responding " shows for 5 to 10 seconds when changing time frames. Cheers
IMO i wouldn't trade with this broker. I had all sorts of problems with my (live) platform for months on end. I wrote them several detailed emails complaining of the problem and they answered to set up a remote desktop session with their support. I refused for several reasons, all my other broker connections were fine and most importantly I did not want to grant a broker access to my computer. The problem persisted until I had had enough and wrote them an email of my unhappiness telling them that I would post the performance of the MT4 on youtube (and showed them the recording of it's performance I was going to post, which was nothing new from my previous explanations). After that the platform didn't glitch once.

I threw this broker into the waste basket.
As the lights go by so too do the shadows move
  • #78,927
  • Jun 8, 2014 11:49pm Jun 8, 2014 11:49pm
Quoting Matts Micro
{quote} IMO i wouldn't trade with this broker. I had all sorts of problems with my (live) platform for months on end. I wrote them several detailed emails complaining of the problem and they answered to set up a remote desktop session with their support. I refused for several reasons, all my other broker connections were fine and most importantly I did not want to grant a broker access to my computer. The problem persisted until I had had enough and wrote them an email of my unhappiness telling them that I would post the performance of the MT4 on...

Very interesting Matt thankyou.

cheers

Mark up
Make sure that the light at the end of the tunnel is not an on coming train
  • #78,928
  • Jun 9, 2014 12:41am Jun 9, 2014 12:41am
The 8 EMA just crossed the 21 Day EMA and the 50 Day EMA is just crossed the 200 Day EMA. Usually, when the 50 Day EMA crosses above the 200 Day EMA, this is a bullish sign. Any thoughts on this would be appreciated.
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J-Mak
  • #78,929
  • Edited 3:13am Jun 9, 2014 12:57am | Edited 3:13am
Quoting Ken A
{quote} Haha China + Trade Balance Japan + GDP = Risk is on {image} Things that might spike A/U is the coming Unemployment Rate
We will see tomorrow with ANZ advertising ... I expect negative reading and drop to 0.9050 on unemployment missing figures ... like it happened in CAD last week

If we get positive figures then AUD could hit 0.94 max
  • #78,930
  • Jun 9, 2014 1:02am Jun 9, 2014 1:02am
This peek is touches this daily trend line for 4th time. Anyone sell again or hold on the upside

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  • #78,931
  • Jun 9, 2014 1:51am Jun 9, 2014 1:51am
Expecting a little retrace at .938x

Attached Image
  • #78,932
  • Jun 9, 2014 2:15am Jun 9, 2014 2:15am
Quoting JTattheRanch
{quote} the millions and millions that now invest in forex seeing the pattern as a down one and then shorting. This will make it go up. Brokers are not going to lose money and they can control the price. They will send it further yet, maybe much further and so far until the pattern looks like it will never go down. Then they will send it down. That's forex. And it's worse now because so many people do it now and they also chat online about it and tell everyone how to trade. All you read here is people telegraphing on a chart the pattern.... This...

Just to clarify, brokers do not trade; It is against SEC rules. However, there are brokerage firms that are connected or even subsidiaries of big banks like JP morgan, Citibank, and ETC. That is how they get the information, but they do not neccessarily go against you, they just have a wide information of positioning. Retail traders like us are just riders to the market. We go along the trends, we do not push it nor even help push it. Unless you are trading half to a dollar volume (traders term for $500k and $1m). To conclude, brokers don't go against us, they do not give false charts or whatever. They are already earning thru spreads. Imagine, assuming the average daily volume from non-dealing desk retail clients(which is us) is 1million(1,000,000), they earn 1.5-4 pips a day; that is roughly $100-$500 depending on the pair. But we are talking about hundreds of millions. On the contrary, unless you are using a Dealing-desk, there's no way they can illigitimately move your trades without your consent.
  • #78,933
  • Jun 9, 2014 2:25am Jun 9, 2014 2:25am
Gov. Stevens tomorrows speech text has been released, perhaps that's what I am seeing with lack of correlation, though it has lasted a couple of hours.
As the lights go by so too do the shadows move
  • #78,934
  • Jun 9, 2014 3:22am Jun 9, 2014 3:22am
Quoting Matts Micro
Gov. Stevens tomorrows speech text has been released, perhaps that's what I am seeing with lack of correlation, though it has lasted a couple of hours.
Futures contracts

JUN 14 0.9333 - 221111,940
SEP 14 0.9270 7937,479
DEC 14 0.9209 18,923

Gov. Stevens and Ko are very negative about high AUD and could start telling about intervention again after negative interest on EURO especially.
  • #78,935
  • Jun 9, 2014 4:14am Jun 9, 2014 4:14am
Quoting SydneyGuru
{quote} Gov. Stevens and Ko are very negative about high AUD and could start telling about intervention again after negative interest on EURO especially.
FWIW I consider this VERY plausible - at least the "AUD getting too high for our liking" rhetoric...Who knows - maybe some intervention before they have an export problem...

EXTREME high imo on AUD/USD currently is about 9520...LOTs of roadblocks to there....

.9378-380 looks like it could be a good one..

Quoting Ken A
Expecting a little retrace at .938x {image}
(shoulda picked up on this over the weekend....oh well...see it now clear as a bell!)
"Holy Grail" exists - accepting where is the first step.
  • #78,936
  • Jun 9, 2014 5:27am Jun 9, 2014 5:27am
It is so clear that AUD should jump up to 0.95 .... reality is ... AUD is going always opposite way.

If you wanna make money on AUD you have to do opposite to technical and logic.

Plus, SP500 at the highest ever point - unwinding risky positions takes AUD down
  • #78,937
  • Jun 9, 2014 5:45am Jun 9, 2014 5:45am
Quoting SydneyGuru
It is so clear that AUD should jump up to 0.95 .... reality is ... AUD is going always opposite way. If you wanna make money on AUD you have to do opposite to technical and logic. Plus, SP500 at the highest ever point - unwinding risky positions takes AUD down
Good Post SydneyGuru
Forex as Leverage
  • #78,938
  • Jun 9, 2014 6:40am Jun 9, 2014 6:40am
opposite to technical and logic is rediculous!! the right technical creates wealth! the answer is in the chart... you just have to understand the language...
not every trade will be 100 or 200 pips, you only need a small piece of the pie, consistently. the bottom rectangle area was called last tuesday, before price got there, check my screenshots, study charts, see where price has turned, wait for it to return to that area for high prob trades!!opposite of logic????????
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  • #78,939
  • Jun 9, 2014 6:52am Jun 9, 2014 6:52am
Buy limit at .931
  • #78,940
  • Jun 9, 2014 6:55am Jun 9, 2014 6:55am
on my chart last price turn was .9320, for a quick trade, target should be approx that area, maybe a little higher. i'll wait for PA to keep me in or exit the trade.
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