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AUD/USD

  • #80,421
  • Jun 23, 2014 11:14am Jun 23, 2014 11:14am
Quoting VaBikePacker
IMO: long is a risky proposition up here...your call though...I get the fundamentals, but sometimes the market just has to do what it has to do...
Balance first and all... ... unless more news of course. GU is just trying my patience right along with NU... lol
Ghost Rider - WWTBMD?
  • #80,422
  • Jun 23, 2014 11:16am Jun 23, 2014 11:16am
Ken, it'll scare the crap out of me if it doesn't get down there, cuz i'll actually have to start to 'think' when i trade...
oooooooh! perish the thought... lol
  • #80,423
  • Jun 23, 2014 11:18am Jun 23, 2014 11:18am
Quoting nealpek
Ken, it'll scare the crap out of me if it doesn't get down there, cuz i'll actually have to start to 'think' when i trade... oooooooh! perish the thought... lol

...patience kawasaki...patience...
"Holy Grail" exists - accepting where is the first step.
  • #80,424
  • Jun 23, 2014 11:19am Jun 23, 2014 11:19am
Markets are cruel in summer. During normal days E/A daily range is 200 to 250 pips and I can get at least 150 - 200 pips per day. Now should be grateful 150 pips round trip for intraday.
  • #80,425
  • Jun 23, 2014 11:23am Jun 23, 2014 11:23am
Quoting nealpek
Ken, it'll scare the crap out of me if it doesn't get down there, cuz i'll actually have to start to 'think' when i trade... oooooooh! perish the thought... lol
It will for various reasons. I am just taking some profits hitting the demand zone and because I run multiple orders leave some in the markets as bonus then to concentrate/managing other trades.

I closed the long from last week around +110 pips then flip to short because it hit my level.
  • #80,426
  • Jun 23, 2014 11:27am Jun 23, 2014 11:27am
Quoting Ken A
{quote} It will for various reasons. I am just taking some profits hitting the demand zone and because I run multiple orders leave some in the markets as bonus then to concentrate/managing other trades.
I don't even know what i'm doing and i could be right...Awesome!!
i'm just kidding with ya!!! My knowledge of the markets will never excede yours!!!
your like 'rain man' from Kaz!!! what time is Whopner on?
  • #80,427
  • Jun 23, 2014 11:30am Jun 23, 2014 11:30am
Quoting nealpek
{quote} I don't even know what i'm doing and i could be right...Awesome!!
If you are happy with plain chart and technical why bother with other stuff.
  • #80,428
  • Jun 23, 2014 11:31am Jun 23, 2014 11:31am
A few things say bull to me. The daily has been in range for nearly 2 months now and if a MA of a reasonable number were put on the chart it would probably bisect PA nicely. Corrections are fine but if there is nothing new to correct then there is likely to be a BO imo. The BO I mentioned earlier today is still playing as well imo. Also the daily chart currently looks like a nicely formed "W" ready for a further move up. It may not happen today or tomorrow but to me it looks like it's going up. Saying that though, all pls trade your own trading plans.
As the lights go by so too do the shadows move
  • #80,429
  • Jun 23, 2014 11:34am Jun 23, 2014 11:34am
Quoting Matts Micro
A few things say bull to me. The daily has been in range for nearly 2 months now and if a MA of a reasonable number were put on the chart it would probably bisect PA nicely. Corrections are fine but if there is nothing new to correct then there is likely to be a BO imo. The BO I mentioned earlier today is still playing as well imo. Also the daily chart currently looks like a nicely formed "W" ready for a further move up. It may not happen today or tomorrow but to me it looks like it's going up. Saying that though, all pls trade your own trading...
Pls know I didn't mean to criticize you at all - we all have different trading plans. If you're getting ROI at a level you're pleased with, keep going!!

Fundamentally a move up seems completely realistic. I'm playing short right now because of recent moves up, which, exhaust and let off steam. In order to reach higher, my opinion is the pair must reach lower to build momentum is all. (I have a lot of electrons to back up the theory..sorry...no picasso's..)
"Holy Grail" exists - accepting where is the first step.
  • #80,430
  • Jun 23, 2014 11:41am Jun 23, 2014 11:41am
Quoting VaBikePacker
{quote} Pls know I didn't mean to criticize you at all - we all have different trading plans. If you're getting ROI at a level you're pleased with, keep going!! Fundamentally a move up seems completely realistic. I'm playing short right now because of recent moves up, which, exhaust and let off steam. In order to reach higher, my opinion is the pair must reach lower to build momentum is all. (I have a lot of electrons to back up the theory..sorry...no picasso's..)
No offense was taken mate
In the st short is where ppl want to be, I agree. I was just explaining while I stared bleary eyed at my positions
As the lights go by so too do the shadows move
  • #80,431
  • Jun 23, 2014 11:41am Jun 23, 2014 11:41am
Quoting Matts Micro
A few things say bull to me. The daily has been in range for nearly 2 months now and if a MA of a reasonable number were put on the chart it would probably bisect PA nicely. Corrections are fine but if there is nothing new to correct then there is likely to be a BO imo. The BO I mentioned earlier today is still playing as well imo. Also the daily chart currently looks like a nicely formed "W" ready for a further move up. It may not happen today or tomorrow but to me it looks like it's going up. Saying that though, all pls trade your own trading...
Just curious Matts, what ma's would you use on a daily?

I've always used them and still do. I love my ma's ... lol

The standards I've always used and liked on daily (and others) ... Red 200ema, Green 200sma, Orange 100ema, Blue 50ema.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #80,432
  • Jun 23, 2014 11:53am Jun 23, 2014 11:53am
mama
  • #80,433
  • Jun 23, 2014 11:55am Jun 23, 2014 11:55am
Ghost Rider - WWTBMD?
  • #80,434
  • Jun 23, 2014 12:00pm Jun 23, 2014 12:00pm
Quoting albchr
{quote} Just curious Matts, what ma's would you use on a daily? I've always used them and still do. I love my ma's ... lol The standards I've always used and liked on daily (and others) ... Red 200ema, Green 200sma, Orange 100ema, Blue 50ema. {image}
Sorry to disappoint but I generally only use a 200sma. What I meant was for the 60 days of daily range, so perhaps a 20ma would illustrate my point. I am looking at my 200ma and it is currently below the daily PA but if I was to look at the weekly the MA is way above PA. Which way should it correct? I have tried using MA's before but aside from looking nice on my chart I have found no benefit from having them. 200ma is a bit different because so many traders use it.
Not sure if what I just wrote makes sense, I need sleep
As the lights go by so too do the shadows move
  • #80,435
  • Jun 23, 2014 12:07pm Jun 23, 2014 12:07pm
Is that fresh demand zone forming now or I am seeing things
  • #80,436
  • Jun 23, 2014 12:11pm Jun 23, 2014 12:11pm
can't tell yet... a little early for me!(need more info)
  • #80,437
  • Jun 23, 2014 12:34pm Jun 23, 2014 12:34pm
what are the 'fundies' telling you?
  • #80,438
  • Jun 23, 2014 12:35pm Jun 23, 2014 12:35pm
Soybean put and corn call options?

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  • #80,439
  • Jun 23, 2014 12:38pm Jun 23, 2014 12:38pm
Ken, hat's off too ya! my brain couldn't even begin to process the intricate relationships you 'see'..
i don't even understand what you are showing me!! LOL
  • #80,440
  • Jun 23, 2014 12:40pm Jun 23, 2014 12:40pm
Quoting nealpek
Ken, hat's off too ya! my brain couldn't even begin to process the intricate relationships you 'see'.. i don't even understand what you are showing me!! LOL
the real lesson on that chart: the GBP can't make up it's mind...
"Holy Grail" exists - accepting where is the first step.
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