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AUD/USD

  • #83,281
  • Jul 29, 2014 11:26am Jul 29, 2014 11:26am
Quoting albchr
{quote} It already surpassed my two targets.
1.1050 line in the sand AUDNZD
  • #83,282
  • Jul 29, 2014 11:34am Jul 29, 2014 11:34am
Think it's at least going to test 1.1190 ….. and maybe go much higher…

NZD seems horrifically weak now.
  • #83,283
  • Jul 29, 2014 11:35am Jul 29, 2014 11:35am
Quoting Ken A
{quote} 1.1050 line in the sand AUDNZD
That's pretty much what I'm seeing. Maybe a spike to 1.1070. I'm already short the pair. Might have been tad soon.
Ghost Rider - WWTBMD?
  • #83,284
  • Jul 29, 2014 11:37am Jul 29, 2014 11:37am
Quoting albchr
{quote} That's pretty much what I'm seeing. Maybe a spike to 1.1070. I'm already short the pair. Might have been tad soon.

Why 1.1050? The breakout lower happened at 1.1190 making that the pivotal point….
  • #83,285
  • Jul 29, 2014 11:39am Jul 29, 2014 11:39am
Have actually been targeting that area since we dropped to 1.0540… and yet I'm not long this pair somehow.. PFFFFT.

I suck
  • #83,286
  • Jul 29, 2014 11:42am Jul 29, 2014 11:42am
AUDNZD - today got out of my shorts with some profit. not going to short this pair (the same with GBPNZD). chart is looking very bullish. looking for opportunity to jump on the bull
As Above, So Below
  • #83,287
  • Jul 29, 2014 11:45am Jul 29, 2014 11:45am
Quoting Ck87
{quote} Why 1.1050? The breakout lower happened at 1.1190 making that the pivotal point….
It's just where my fib ratios worked out to. I could dead wrong.
Ghost Rider - WWTBMD?
  • #83,288
  • Jul 29, 2014 11:45am Jul 29, 2014 11:45am
Quoting albchr
{quote} It's just where my fib ratios worked out to. I could dead wrong.
Ah ok, just wanted to know the technical reason, we could always be dead wrong.. and in my case I usually am
  • #83,289
  • Jul 29, 2014 11:47am Jul 29, 2014 11:47am
Thinking of placing buy stop above 1.1050
  • #83,290
  • Jul 29, 2014 11:51am Jul 29, 2014 11:51am
Quoting Ck87
{quote} Ah ok, just wanted to know the technical reason, we could always be dead wrong.. and in my case I usually am
As much as I know what you mean, you have to stop thinking that way. Not easy sometimes I know. lol
Ghost Rider - WWTBMD?
  • #83,291
  • Jul 29, 2014 11:52am Jul 29, 2014 11:52am
Quoting Ken A
{quote} Learning
From fake gurus?
Fix up, trade sharp ...
  • #83,292
  • Jul 29, 2014 11:52am Jul 29, 2014 11:52am
Quoting albchr
{quote} As much as I know what you mean, you have to stop thinking that way. Not easy sometimes I know. lol
Half joking… I'm pretty dam good at getting big moves right. If only I were to stick with that approach and not over leverage… would be sitting quite pretty right now.

Maybe one day? haha
  • #83,293
  • Jul 29, 2014 11:55am Jul 29, 2014 11:55am
Quoting Ken A
Thinking of placing buy stop above 1.1050
I had the same thought but I have a 1.38 at 1.10703 (hence the spike I see possible). So If I did, I think I'd have to go a bit higher with it. Of course all of this was before NU surpassed my second target. Like you said, if it doesn't hold, the whole plan is moot.
Ghost Rider - WWTBMD?
  • #83,294
  • Jul 29, 2014 11:57am Jul 29, 2014 11:57am
Quoting Ck87
{quote} Half joking… I'm pretty dam good at getting big moves right. If only I were to stick with that approach and not over leverage… would be sitting quite pretty right now. Maybe one day? haha
Hey, if you're good at big moves and all you have to do is not overleverage? Sounds like a small and easy adjustment to make.

Bet a little less, wait a little longer and...
Ghost Rider - WWTBMD?
  • #83,295
  • Jul 29, 2014 12:00pm Jul 29, 2014 12:00pm
Quoting albchr
{quote} Hey, if you're good at big moves and all you have to do is not overleverage? Sounds like a small and easy adjustment to make. Bet a little less, wait a little longer and...
True, but I'm stuck in the endless loop of chasing losses. Gotta program myself to start over and forget about all the losses and then I can probably do it..
  • #83,296
  • Jul 29, 2014 12:04pm Jul 29, 2014 12:04pm
Anyways, when Wheeler said the NZD can fall significantly and it's unsustainable at these levels… isn't that pretty much game over?

Clearly why we're seeing this selling. I mean ya the interest rates have been hiked but when you have a highly over priced currency that is going to fall big you're still going to lose your ass with a 3.25 or 3.5% interest rate….

Of course I was over leveraging short NU at 87 levels and got cleaned out… but this thing can certainly fall back to 80 cents or lower in the next 12mo.
  • #83,297
  • Jul 29, 2014 12:07pm Jul 29, 2014 12:07pm
Quoting Ck87
{quote} True, but I'm stuck in the endless loop of chasing losses. Gotta program myself to start over and forget about all the losses and then I can probably do it..
I dare say that's almost a required step in the path to trading. I'm a life long biker and horse rider. So I was set pretty solid in the old "shake it off get back up and ride again" after being thrown. Until I met FOREX...LOL

Man! Did I have a lot to learn on that subject still.
Ghost Rider - WWTBMD?
  • #83,298
  • Jul 29, 2014 12:29pm Jul 29, 2014 12:29pm
Quoting albchr
{quote} I dare say that's almost a required step in the path to trading. I'm a life long biker and horse rider. So I was set pretty solid in the old "shake it off get back up and ride again" after being thrown. Until I met FOREX...LOL Man! Did I have a lot to learn on that subject still.
Amazing isn't it? As a pro poker player I've been through all of this and have conquered it… yet have failed time and time again in this trading arena! I'm so dedicated and committed though that I won't ever give up. But I know repeating the same mistakes over and over isn't going to work…. ahhh!
  • #83,299
  • Jul 29, 2014 12:30pm Jul 29, 2014 12:30pm
Quoting Ken A
{quote} 1.1050 line in the sand AUDNZD
1.1052
A good trader follows his rules, but great trader knows when to break them
  • #83,300
  • Jul 29, 2014 12:32pm Jul 29, 2014 12:32pm
Quoting Ck87
{quote} Amazing isn't it? As a pro poker player I've been through all of this and have conquered it… yet have failed time and time again in this trading arena! I'm so dedicated and committed though that I won't ever give up. But I know repeating the same mistakes over and over isn't going to work…. ahhh!
Have one solution that definitely will work since you can't trade small
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