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AUD/USD

  • #83,321
  • Jul 29, 2014 4:27pm Jul 29, 2014 4:27pm
Quoting Ck87
{quote} hahaha…. btw I know most probably of you don't even look at USD/RUB and the Russian market, but I really think this is going to be one of the best long term opportunities around. Gotta wait and see some more panic selling on the Ruble and Russian mkt… maybe a retest of the highs of USD/RUB and RSX….. possibly break out even further… but sooner or later going to be an amazing opportunity… even SydneyGuru knows this. He was reportedly seen fondling a Russian Parrot recently… but it hasn't been confirmed.
I know USDRUB but stay clear for now the swap on the long side is over 100 pips per roll-over and not the right time to sell yet.

I got something better to do.

Look at the spread and you might having problem to close order due to liquidity

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  • #83,322
  • Jul 29, 2014 4:35pm Jul 29, 2014 4:35pm
Quoting Ken A
{quote} I know USDRUB but stay clear for now the swap on the long side is over 100 pips per roll-over and not the right time to sell yet. I got something better to do. Look at the spread and you might having problem to close order due to liquidity {image}
Agree it's not a good time to sell yet. The spread is big but the swap being short is massive and going to pay huge when the right time comes… big level to watch is 36.4680 …. would love to see it break out higher head to the 40s… I think they put a cap on it at 41 so maybe it goes toward there… definitely something to watch though for a long term play.
  • #83,323
  • Jul 29, 2014 4:40pm Jul 29, 2014 4:40pm
Quoting Ck87
{quote} Agree it's not a good time to sell yet. The spread is big but the swap being short is massive and going to pay huge when the right time comes… big level to watch is 36.4680 …. would love to see it break out higher head to the 40s… I think they put a cap on it at 41 so maybe it goes toward there… definitely something to watch though for a long term play.
Alarm set at X

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  • #83,324
  • Jul 29, 2014 4:57pm Jul 29, 2014 4:57pm
Quoting Ck87
{quote} And now how are you doing? Still chasing or did you finally take it slow and succeed?

the following year or two after that I had heavy losses. In the last 18 months I now seem to break even. For me, and this drives me crazy, is that I will build up profit and then undo all the good work in one massive loss, completely breaking my rules. Ive come to realise it is because I become to fixed on the outcome of an individual trade rather than the net result of many trades, a string of good trades sets me up for that big loss because I have not accustomed myself to being wrong and taking losses as they come but being sure that the average will be positive.

I am now trying to get myself focussed on the outcome of blocks of 10 trades ( a set) rather than the outcome of one or two. When I compelte 10 trades then I look at my results, then start logging a new set of 10.

What is most frustrating is knowing that when I made that heap of money, if I had traded properly rather than let greed take over I could be doing well. I have nowhere near that type of trading capital these days. So I blew a huge opportunity.
  • #83,325
  • Jul 29, 2014 9:13pm Jul 29, 2014 9:13pm
toe in the water with my long 92.83

will add more tomorrow (I think)

anyone seeing potential for 97?
One Good Trade.
  • #83,326
  • Jul 29, 2014 9:34pm Jul 29, 2014 9:34pm
Quoting oztrader79
{quote} I am now trying to get myself focussed on the outcome of blocks of 10 trades ( a set) rather than the outcome of one or two. When I compelte 10 trades then I look at my results, then start logging a new set of 10. .
That sounds like something I could use. Thanks man
  • #83,327
  • Jul 29, 2014 11:16pm Jul 29, 2014 11:16pm
Addicted to forex a complete rookie and appreciate the honesty of some who are struggling to be profitable your failures help us rookies to be realistic ! A big mountain to climb but the fun will be in the journey ! Good luck to all back to demo trading .
  • #83,328
  • Jul 29, 2014 11:33pm Jul 29, 2014 11:33pm
Good Morning !

Today's S/R Levels on MT4 Templates

EURO
CABLE
AUDUSD
USDJPY
EURGBP
S&P 500
GOLD

http://www.forexfactory.com/showthre...25#post7638825
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #83,329
  • Jul 29, 2014 11:55pm Jul 29, 2014 11:55pm
Early on in my trading I read that after a string of loses it is good to take a break because of the potential emotional turmoil it creates and I often did because I was almost afraid of trading incase of taking another loss, even though my strategy and reasoning for the trade was sound. After a bit I would come back to my monitors and find several trades I would have taken according to my strategy and found them to be winners. So I would decide I was sound of mind and start trading again, and lose again.... It was seriously crazy with "the market is out to get me" thoughts going through my head.

I found since that the earlier advice I had read of walking away after a few losing trades is bad advise (for me). It is human nature to not want to lose and I found it hard to push through that wall and continue trading my strategy after a string of loses. It was a real battle of wills (against myself) to continue trading, all I wanted to do was go for a walk or do something else to forget about it. When I learnt that this is the hard part to stay at the computer like the job it was I discovered the winning trades I was missing after a string of loses was the imbalance of my strategy and my account started to turn positive. I'm still far from perfect and I do get emotional (though a little less as time goes on) but when pushing that buy/sell button I am always sound of reason.

Any that has done any reading on the subject probably knows this already but having experienced it first hand is a real mind blower.
As the lights go by so too do the shadows move
  • #83,330
  • Jul 30, 2014 1:23am Jul 30, 2014 1:23am
Edit: hrm.. looks like the post I was replying to has gone walkabout... Sorry if this all makes no sense


500 pips as 1%? It's practically demo. And I was getting just as shitty on demo anyway with chasing losses. Sure.. it might only be monopoly money but I don't like losing at monopoly either

No the problem isn't getting disheartened on account of losing too much cash. I only have a small account and a day job that can re-fund it quickly enough. The head-problems start when I keep getting the market wrong and it only takes a few wrong bets to start doing my head in. This of course, feeds back into the decision making process.
  • #83,331
  • Jul 30, 2014 3:34am Jul 30, 2014 3:34am
You may want to read this:

"Australia bans reporting of multi-nation corruption case involving Malaysia, Indonesia and Vietnam"

https://wikileaks.org/aus-suppression-order/press.html
  • #83,332
  • Jul 30, 2014 3:41am Jul 30, 2014 3:41am
Quoting zOrO2kX
You may want to read this: "Australia bans reporting of multi-nation corruption case involving Malaysia, Indonesia and Vietnam" https://wikileaks.org/aus-suppression-order/press.html

That's scandal is not NEW,goes back few years, but the court order make sense IF investigation is already going on..
so nothing spectacular there. we move on..
  • #83,333
  • Jul 30, 2014 5:54am Jul 30, 2014 5:54am
Quoting Ken A
{quote} I was enjoying EURNZD shorts when NZDUSD spike up and grateful for that. Don't have mad skill to catch every turns. SydneyGuru is actually a tour guide probably trying to expand the co to forex guide. {image} This is probably him You can trust your money to trained parrots {image}
Ok.

Thanks for promotion my company (5 people working on me, so I can enjoy forex) , everyone welcome!

As you can see AUD under pressure but in correction way. I bought 0.9370 AUD/USD and soon you will see nice reversal.

It is good

Tue and Wed is going down, it means we hit 0.942xxx soon.

Do not trust Australian parrots - they bite!
  • #83,334
  • Jul 30, 2014 7:32am Jul 30, 2014 7:32am
Short trade closed.Very good GDP.
  • #83,335
  • Jul 30, 2014 8:03am Jul 30, 2014 8:03am
Quoting TheMadMonk
Howdy people and other associated traders. Very glad to miss the end of last week as I see I would have been wrong on that short from 9422 I was waiting for. Just goes to show that it pays to visit your parents. Got in last night (local) at 9405, targeting the 9350 area. Got some reading to catch up on. Good luck everyone
Great to be back on the winner's list! Even scored a few pips in slippage. Out at 93495 for +57.4.

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Took me 2 goes at entering the trade, so I lost 6.5 pips or so and was a half day early even on the winner. But hey.. happy days none the less. Wandering around the monastery, high fiving all the other brothers, especially after surviving the bad jobs print.
  • #83,336
  • Jul 30, 2014 8:15am Jul 30, 2014 8:15am
add more longs ... was very quick 61.8% reversal - means this information already priced

see 0.94XX soon
  • #83,337
  • Jul 30, 2014 8:16am Jul 30, 2014 8:16am
Now... weird as it may sound, I reckon we have to go back to 9445 or so at some stage. No idea when this down leg will finish first though. I thought it might get to 9340 as it is the weekly S1, coupled with demand. Still didn't trust it enough to break 9350 though, hence the early exit on my last trade.

However, I got an S/R at 94425 and could probably draw a supply box there based on what happened as we left that region. I also stopped by the weird boxes thread and see an untested fall-line based on last weeks prices on the 1 hour.

Reckon Wall St will love the figures which means the ASX will get on board tomorrow, our time. Should be bullish for the Aussie? I can imagine commentators saying the "investors are acting positively to strong US figures... risk on.. blah blah". If that gets it close enough for the miss on NFPs we could get 9445... I think.. maybe?

Question is: even if all that plays out (and it's a pretty big "if"), where is the entry point going to be?
  • #83,338
  • Jul 30, 2014 8:27am Jul 30, 2014 8:27am
speculators want to break .93200

Yellen will silent on GDP achievement and market jump up.
  • #83,339
  • Jul 30, 2014 8:31am Jul 30, 2014 8:31am
AUDUSD is at very attractive level for long but if it breaks down things will go crazy. so watching if will bounce or break (well technically I think 0.9350 could have saved the AUD but now in my opinion chances of down is higher)
I am long GBPAUD, which working pretty well but main position is in USDZAR longs since July 24.
As Above, So Below
  • #83,340
  • Jul 30, 2014 8:33am Jul 30, 2014 8:33am
Quoting SydneyGuru
speculators want to break .93200 Yellen will silent on GDP achievement and market jump up.
Perhaps... also some pretty strong support at 9330. Is there enough momentum on this push to make it through? Guess we'll find out.

One thing about a push to 944xx is that it would have a lot of people on board long having gone through the 9400 mark. This would help with any bearish push through the level you mentioned.

Ah well... gonna watch prices for a while. HAving a shot or two of 151 to celebrate anyway so not allowed to trade 'til tomorrow.
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