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AUD/USD

  • #82,661
  • Jul 16, 2014 4:29am Jul 16, 2014 4:29am
Quoting thodie
long pending hit, stop is in place, run Forest run! {image}
hi thothie,

where do u based your atiitude about the long?
The good thing with the future is that it is progressively approaching...
  • #82,662
  • Jul 16, 2014 4:50am Jul 16, 2014 4:50am
Quoting spinozagr
{quote} hi thothie, where do u based your atiitude about the long?
something like this, honestly donīt expect much out of this position...

TP .9370 SL BE+4
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just do it
  • #82,663
  • Jul 16, 2014 5:00am Jul 16, 2014 5:00am
Quoting thodie
{quote} something like this, honestly donīt expect much out of this position... TP .9370 SL BE+4 {image}
ok ... i see... gl

i am out waiting for a good pattern to be appeared...

Venceremos
The good thing with the future is that it is progressively approaching...
  • #82,664
  • Jul 16, 2014 5:24am Jul 16, 2014 5:24am
Quoting spinozagr
{quote} ok ... i see... gl i am out waiting for a good pattern to be appeared... Venceremos
look exausted now, moved SL BE+10
just do it
  • #82,665
  • Jul 16, 2014 5:26am Jul 16, 2014 5:26am
Quoting MisterSpread
{quote} Thank you mate, so when CNY gets good & above expectations numbers usually the AUD gets strength right ? Cheers and green pips, VladG
Usually, but this time it was a bit different due to other factors like USD strength I guess ... it played a bit of ping pong here, first up on CNY, then down, now seems to stabilize again. But I am not a guru, it can go anywhere.
Fix up, trade sharp ...
  • #82,666
  • Jul 16, 2014 5:48am Jul 16, 2014 5:48am
let's take a peek in a city, in a well developed city or
metropolis, the main function is still running as a core economy
activity center. but one must remember when everyone is
rushing/buying/staying in a city, there will be a overcrowded
situation which means traffic flows will be in trouble, sanitary
management thrilled and crime rate alarmed. as a mayor of a city,
he/she must ensure that only certain number of people should stay
in a city, EG 1 million of urban residents are selected, if there
are 2 millions people migrated into a city, the local government
may need to kick out half of the population by increasing the cost
of living (house prices,utility bill, public facilities) and
develops suburbans towns. They can't kill job opportunities. is it
a form of discrimination? yes, it is so called invisible/ not
viable discrimination in a form named as "affordability" or
"societal bias". The laws have been adjusted to satisfy the needs
of local governments. the lower class of society will stay in a
discriminated environment forever.
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  • #82,667
  • Jul 16, 2014 7:23am Jul 16, 2014 7:23am
Quoting jimmywong
let's take a peek in a city, in a well developed city or metropolis, the main function is still running as a core economy activity center. but one must remember when everyone is rushing/buying/staying in a city, there will be a overcrowded situation which means traffic flows will be in trouble, sanitary management thrilled and crime rate alarmed. as a mayor of a city, he/she must ensure that only certain number of people should stay in a city, EG 1 million of urban residents are selected, if there are 2 millions people migrated into a city, the...
Is it what The Rock told ya? Lol
  • #82,668
  • Jul 16, 2014 7:57am Jul 16, 2014 7:57am
20-EMA seems capping the up-move by AUDUSD, breaking which the pair can rally till 0.9380 and surpassing 0.9400. On the downside 0.9330 continue to play an important role as a support.
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  • #82,669
  • Jul 16, 2014 8:04am Jul 16, 2014 8:04am
Im bailing on my shorts around break even here, dont like that we bounced so hard off 9330...


But as it currently looks 0.9330 is a wonderful sell thru level that I will be hitting if we trade thru.

Still like selling AUDUSD from fundamental perspective as well, 0.8600 is in the cards for this year i believe
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Twitter: @TrendersGame
  • #82,670
  • Jul 16, 2014 8:27am Jul 16, 2014 8:27am
a lesson for all... same blue boxes(go back and check) as yesterday. never cared about news. just traded what i saw. set 2 buy limits yesterday afternoon.
1 at each of the top of each blue box. Distracted by all of the blah blah fundamentals, news coming out, etc, blah blah blah, its going down... i cancelled my orders... thought i would stay up and manually trade the move...well, guess what? i fell asleep at about 10 pm. woke up this morning and what did i see?
2 contracts, 1 from each box, that i should have been long on...very easy to get swayed away from your plan...problem is i began to "think" about trading, which i haven't done for quite a long time....very easy to get pushed off your path!
i can assure you that this will not happen again....lesson learned!
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  • #82,671
  • Jul 16, 2014 8:31am Jul 16, 2014 8:31am
Quoting nealpek
a lesson for all... same blue boxes(go back and check) as yesterday. never cared about news. just traded what i saw. set 2 buy limits yesterday afternoon. 1 at each of the top of each blue box. Distracted by all of the blah blah fundamentals, news coming out, etc, blah blah blah, its going down... i cancelled my orders... thought i would stay up and manually trade the move...well, guess what? i fell asleep at about 10 pm. woke up this morning and what did i see? 2 contracts, 1 from each box, that i should have been long on...very easy to get swayed...


nice trade, if a 25 pip move is a win for you then yea dont bother with fundamentals/news.
Twitter: @TrendersGame
  • #82,672
  • Jul 16, 2014 8:35am Jul 16, 2014 8:35am
do not worry, it will come back again soon. personally i am not buying at that level
As Above, So Below
  • #82,673
  • Jul 16, 2014 8:40am Jul 16, 2014 8:40am
Quoting Citiboy
{quote} nice trade, if a 25 pip move is a win for you then yea dont bother with fundamentals/news.
not sure how much you risk on trades, but $420 for about 12 hrs of trading, isn't too shabby while i'm sleeping!
point was to stick to your own plan and not get swayed by all the jabber on these threads.
i'm curious how you know that 25 pips will be the cap on this move? more useless info to spread along the board...
haven't yet met a person who can consistently profit from the news...basically a futile exercise unless you are 'rain man'
one day you will learn...
everyone is 'waiting' for Yellen to testify...big move in the markets coming...
so citiboy, what should we as traders do with this very important semi crappy and useless info we are about to be subjected to, which the 'money' already has heard 2 or 3 days ago?
what's your plan?
  • #82,674
  • Jul 16, 2014 8:45am Jul 16, 2014 8:45am
Quoting nealpek
{quote} not sure how much you risk on trades, but $420 for about 12 hrs of trading, isn't too shabby while i'm sleeping! point was to stick to your own plan and not get swayed by all the jabber on these threads. i'm curious how you know that 25 pips will be the cap on this move? more useless info to spread along the board... haven't yet met a person who can consistently profit from the news...basically a futile exercise unless you are 'rain man' one day you will learn...


why are you being swayed by the thread anyway? trading 'news' isnt advisable... feeling market sentiment day by day and knowing whats currently driving sentiment isnt the same as trading 'news'
Twitter: @TrendersGame
  • #82,675
  • Jul 16, 2014 8:54am Jul 16, 2014 8:54am
Quoting Citiboy
{quote} why are you being swayed by the thread anyway? trading 'news' isnt advisable... feeling market sentiment day by day and knowing whats currently driving sentiment isnt the same as trading 'news'
this was the point of my post. i never was swayed before, and it definitely can happen...thats the lesson!!!
and by the way market sentiment? you honestly can tell me that you can 'feel' the market sentiment...
can you tell me your feeling now? which way is the market going to flow? i'm really curious...
  • #82,676
  • Jul 16, 2014 8:58am Jul 16, 2014 8:58am
Quoting nealpek
{quote} this was the point of my post. i never was swayed before, and it definitely can happen...thats the lesson!!! and by the way market sentiment? you honestly can tell me that you can 'feel' the market sentiment... can you tell me your feeling now? which way is the market going to flow? i'm really curious...


trade how you feel is best for you man. I do this for a living full time so I guess I have the luxury to spend 6 hours or so a day just reading and understanding everything. I only take a few big trades a year based on broader market themes. After a a few years it does get to the point where you can feel shifts and turns by following economic indicators and drawing conclusions between how equities, bonds, currencies and commodities trade in relation to one another.


about 1-5% of the traders on this board actually 'get it'. The rest are almost totally focused on charts/technicals. If that works then cool, but theres no need to say that going through the trouble of actually understanding markets isnt useful.
Twitter: @TrendersGame
  • #82,677
  • Jul 16, 2014 8:59am Jul 16, 2014 8:59am
Quoting nealpek
{quote} this was the point of my post. i never was swayed before, and it definitely can happen...thats the lesson!!! and by the way market sentiment? you honestly can tell me that you can 'feel' the market sentiment... can you tell me your feeling now? which way is the market going to flow? i'm really curious...
Still UP no matter what, till 21-July .. tee hee.
Don't blame the tools. Blame the carpenter.
  • #82,678
  • Jul 16, 2014 9:07am Jul 16, 2014 9:07am
Quoting Citiboy
{quote} trade how you feel is best for you man. I do this for a living full time so I guess I have the luxury to spend 6 hours or so a day just reading and understanding everything. I only take a few big trades a year based on broader market themes. After a a few years it does get to the point where you can feel shifts and turns by following economic indicators and drawing conclusions between how equities, bonds, currencies and commodities trade in relation to one another. about 1-5% of the traders on this board actually 'get it'. The rest are almost...
understanding the 'markets is very useful! i guarantee unless you are a hedge fund manger,syndicate trader, or goldman, you haven't got a clue where this market is going until it happens!
is your long term bias long or short right now, or are you flat?
  • #82,679
  • Jul 16, 2014 9:13am Jul 16, 2014 9:13am
Quoting nealpek
{quote} understanding the 'markets is very useful! i guarantee unless you are a hedge fund manger,syndicate trader, or goldman, you haven't got a clue where this market is going until it happens! is your long term bias long or short right now, or are you flat?

My bias is lower because the RBA will probably cut rates this year, so I am going to wait until 0.9330 is broken. All information needed to trade currencies is publicly available, this isnt the stock market where insiders know things you dont. I am only saying this because I have worked in the business, hedge funds and bank traders have no advantage other than having short term info on where stop losses are and or order flow.


There is no market conspiracy, market makers have nearly no advantage over us in the internet age. Thats why banks dont make money in the FX business anymore.
Twitter: @TrendersGame
  • #82,680
  • Jul 16, 2014 9:23am Jul 16, 2014 9:23am
Quoting Citiboy
{quote} My bias is lower because the RBA will probably cut rates this year, so I am going to wait until 0.9330 is broken. All information needed to trade currencies is publicly available, this isnt the stock market where insiders know things you dont. I am only saying this because I have worked in the business, hedge funds and bank traders have no advantage other than having short term info on where stop losses are and or order flow. There is no market conspiracy, market makers have nearly no advantage over us in the internet age. Thats why banks...
RBA will probably cut rates...that sounds like something i could place a trade with. doesn't instill a lot of confidence....
somebody is moving the markets with those large candles, fundamentals just can't determine this from our perspective...
harvard rocket scientists, and chaos theory specialists,can perhaps break it down... but you and i, i hardly think so!
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