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AUD/USD

  • #85,661
  • Oct 22, 2014 3:51pm Oct 22, 2014 3:51pm
Getting volatile now. eep.
There's always money in the banana stand.
  • #85,662
  • Oct 22, 2014 3:54pm Oct 22, 2014 3:54pm
Quoting LizardGizzard
Getting volatile now. eep.
fight for control of 8775 - so far Bulls winning : )
  • #85,663
  • Oct 22, 2014 3:55pm Oct 22, 2014 3:55pm
I have a buy order at 87.5 hoping the speech will drop it down there for a brief moment and pick me up
5 minutes till lift off
  • #85,664
  • Oct 22, 2014 4:02pm Oct 22, 2014 4:02pm
Quoting MitchL
I have a buy order at 87.5 hoping the speech will drop it down there for a brief moment and pick me up 5 minutes till lift off
keep this nicely captured position at .50 long long...u will make sweet money..))
always draw trendlines
  • #85,665
  • Oct 22, 2014 4:03pm Oct 22, 2014 4:03pm
Quoting MitchL
I have a buy order at 87.5 hoping the speech will drop it down there for a brief moment and pick me up 5 minutes till lift off
lol lift off?
  • #85,666
  • Oct 22, 2014 4:05pm Oct 22, 2014 4:05pm
Well, that speech was a real pant load. Yawn.
There's always money in the banana stand.
  • #85,667
  • Oct 22, 2014 4:06pm Oct 22, 2014 4:06pm
Quoting LizardGizzard
Well, that speech was a real pant load. Yawn.
don't think my screen moved a pip
  • #85,668
  • Oct 22, 2014 4:11pm Oct 22, 2014 4:11pm
Bulls ready to push. The spring almost loaded...
  • #85,669
  • Oct 22, 2014 4:14pm Oct 22, 2014 4:14pm
Big speech.

Did you see the currency move that whole point ?
  • #85,670
  • Oct 22, 2014 4:55pm Oct 22, 2014 4:55pm
Quoting MitchL
Big speech. Did you see the currency move that whole point ?
My condolences if you were still long on that one lol. Should've waited on more important releases like the NZD perhaps?
  • #85,671
  • Oct 22, 2014 5:04pm Oct 22, 2014 5:04pm
Quoting fxtradeabi
{quote} My condolences if you were still long on that one lol. Should've waited on more important releases like the NZD perhaps?
Which is why I like tight SLs. If you are at a key level, or consolidation, and you are wrong and stopped out. Just jump in the other way
  • #85,672
  • Oct 22, 2014 5:08pm Oct 22, 2014 5:08pm
Quoting benaiah
{quote} Which is why I like tight SLs. If you are at a key level, or consolidation, and you are wrong and stopped out. Just jump in the other way
I tend to kill my account when I change my mind a few times on direction. I stick with my pick run 30 point stop losses and go for gold. I am now in at 87.65 leaving my buy at 87.5 and looking for 90
  • #85,673
  • Oct 22, 2014 5:08pm Oct 22, 2014 5:08pm
5 min time frame nice bull signal....going long to grab a few pips R/R 1:2
  • #85,674
  • Oct 22, 2014 5:11pm Oct 22, 2014 5:11pm
Quoting benaiah
{quote} Which is why I like tight SLs. If you are at a key level, or consolidation, and you are wrong and stopped out. Just jump in the other way
Yeah but betting on just one buy order is risky as it is during a high impact news event specially if your spreads are high. Like with AUD last nite, the spread was insane, like 20 or something with oanda.
  • #85,675
  • Oct 22, 2014 5:15pm Oct 22, 2014 5:15pm
I used to trade irrespective of direction.

Once I saw it hit a support or resist 3 times on the 5 minute I would back it with a 5 point S/L and change to break even ASAP. Worked ok but I found it very labour intensive. I only have a 5k account and my trading is more of a hobby than full time.

Once I get a 12 month consistency maybe I'll throw 200k at it but until then. It's a hobby. Still figuring out my own theory's
  • #85,676
  • Oct 22, 2014 5:17pm Oct 22, 2014 5:17pm
lol oanda spreads, tell me about it. If u checked the AUD/NZD spread at the time of release it was 60 pips....sounds like robbery to me
  • #85,677
  • Oct 22, 2014 5:23pm Oct 22, 2014 5:23pm
Quoting MitchL
I used to trade irrespective of direction. Once I saw it hit a support or resist 3 times on the 5 minute I would back it with a 5 point S/L and change to break even ASAP. Worked ok but I found it very labour intensive. I only have a 5k account and my trading is more of a hobby than full time. Once I get a 12 month consistency maybe I'll throw 200k at it but until then. It's a hobby. Still figuring out my own theory's
Well I definitely trade with direction, away from S/R levels. For example with AUDUSD, there's a top and a bottom of the range, I'll trade away from the top or bottom if the price is hanging around there.

But now it's in the middle (my opinion). So, I don't really have a direction. Now it's up. For how long? Who knows.
  • #85,678
  • Oct 22, 2014 5:35pm Oct 22, 2014 5:35pm
Quoting fxtradeabi
{quote} Yeah but betting on just one buy order is risky as it is during a high impact news event specially if your spreads are high. Like with AUD last nite, the spread was insane, like 20 or something with oanda.
Well, I do probably need to pay more attention to news when it comes to trading. I usually don't pay that much attention to it, but do more so spending time on FF, since everyone is talking about it all the time. At any rate, news spikes only got me couple times over past couple years, so hasn't killed me yet...

One thing for sure, you don't want to be entering a short position any time near news release on some pairs...
  • #85,679
  • Oct 22, 2014 5:58pm Oct 22, 2014 5:58pm
I think more to fall if bulls can't get above 8775. Seems ready to drop again any minute...
  • #85,680
  • Oct 22, 2014 6:40pm Oct 22, 2014 6:40pm
.85 by the end of month....get on train ...too-too
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