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AUD/USD

  • #86,501
  • Nov 4, 2014 6:44am Nov 4, 2014 6:44am
Quoting Rtm
Look out aussie bulls, RTM stop hunter coming to get you!
boooooo...... it's all Congressional election fault
  • #86,502
  • Nov 4, 2014 6:48am Nov 4, 2014 6:48am
Quoting Lamira
{quote} boooooo...... it's all Congressional election fault

Aye yea
  • #86,503
  • Nov 4, 2014 6:54am Nov 4, 2014 6:54am
bearish today, once UJ breached the 113.68 level we will see 0.86xx levels again
  • #86,504
  • Nov 4, 2014 6:59am Nov 4, 2014 6:59am
Quoting Jenx
{quote} I just know that the forex market doesn't have to do A to achieve B. My "example" of NFP was exactly that.An example.My point is that any number of events can cause price to move. Got stung too many times "knowing" what was going to happen.
if I had same opinion with that I wouldn't trade at all. And, my dear, one more time ANYTHING CAN HAPPEN , ANY TIME .AND WE DON'T KNOW TILL IT'S HAPPENS . so.... I'm talking about price movement and not about "if Fed , if That, if those, if Armageddon" ok? Thank you
  • #86,505
  • Nov 4, 2014 7:03am Nov 4, 2014 7:03am
Quoting fxtradeabi
{quote} I don't think anyone doubts it won't reach 0.90, it's a question of when and how to those that come screaming in here that their signal provider told them it must reach 0.90 like........... last week, that sort of half ass crystal ball analysis and then extending your timespan everytime it drops to make your point that it will reach 0.90 was ridiculed and slowly wore off, nothing more.
That's the problem with most traders here. Price goes up for 20 pips, everyone screams 0.9x when we clearly have 0.89 to clear first and price breaks down 20 pips, everyone starts calling for 0.82.

I don't have a crystal ball beside my setup but it's clear enough to me that until we break 0.8643 or 0.89, we're still stucked in a range with no signs of a reversal or continuation coming whatsoever, yet.

Sometimes it makes me wonder if these people have trades stuck in the red, that's why they're praying so hard for a certain number to be hit.
  • #86,506
  • Nov 4, 2014 7:07am Nov 4, 2014 7:07am
Quoting jayjb
{quote} That's the problem with most traders here. Price goes up for 20 pips, everyone screams 0.9x when we clearly have 0.89 to clear first and price breaks down 20 pips, everyone starts calling for 0.82. I don't have a crystal ball beside my setup but it's clear enough to me that until we break 0.8643 or 0.89, we're still stucked in a range with no signs of a reversal or continuation coming whatsoever, yet. Sometimes it makes me wonder if these people have trades stuck in the red, that's why they're praying so hard for a certain number to be hit....

Yea... i did mention we gotta clear .8885 - .8910 before door to .90 opens either way trading bounces here until it chooses a direction
  • #86,507
  • Nov 4, 2014 7:09am Nov 4, 2014 7:09am
Quoting jayjb
{quote} That's the problem with most traders here. Price goes up for 20 pips, everyone screams 0.9x when we clearly have 0.89 to clear first and price breaks down 20 pips, everyone starts calling for 0.82. I don't have a crystal ball beside my setup but it's clear enough to me that until we break 0.8643 or 0.89, we're still stucked in a range with no signs of a reversal or continuation coming whatsoever, yet. Sometimes it makes me wonder if these people have trades stuck in the red, that's why they're praying so hard for a certain number to be hit....
See it happen so often all I can do is laugh! Really what is 10 pips in reality? You stressing over 100ths of a cent, 10ths of a cent?
All posts are my personal opinion
  • #86,508
  • Nov 4, 2014 7:14am Nov 4, 2014 7:14am
Quoting sugarbelly
nice inverted head and shoulders pattern forming. Maybe even Island reversal, anyone thought of that? Standby to be amazed, ready for 0,9040, been mentioning that for some time.
Lower timeframe patterns are normally inaccurate. Be careful of longs, do not forget that the overall trend is still down. The temporary upmove today might just be merely retracement.
The true fact is market doesn't care, risk mgt is important.
  • #86,509
  • Nov 4, 2014 7:18am Nov 4, 2014 7:18am
Quoting Ssm
{quote} Lower timeframe patterns are normally inaccurate. Be careful of longs, do not forget that the overall trend is still down. The temporary upmove today might just be merely retracement.
Fundamentally, commodity prices are bearish, therefore Aussie will remain weak in the long run.
The true fact is market doesn't care, risk mgt is important.
  • #86,510
  • Nov 4, 2014 7:23am Nov 4, 2014 7:23am
Quoting Lamira
{quote} if I had same opinion with that I wouldn't trade at all. And, my dear, one more time ANYTHING CAN HAPPEN , ANY TIME .AND WE DON'T KNOW TILL IT'S HAPPENS . so.... I'm talking about price movement and not about "if Fed , if That, if those, if Armageddon" ok? Thank you
Hmm.This whole exchange started with me asking you, genuinely, why it was you believed price must go down in order to go up.Just because our views differ doesnt make either of us right or wrong.
Where price is now, it has been before, and will be again.
  • #86,511
  • Nov 4, 2014 7:26am Nov 4, 2014 7:26am
Hey guys!

placed a long on Aussie/M15.

Entry blue, stop red, target green. R:R around 35/75

obviously trading the gap+support here...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_M15_041114.png Size: 67 KB


Take care. See you tomorrow.

J
Hero calls followed by margin calls...
  • #86,512
  • Nov 4, 2014 7:27am Nov 4, 2014 7:27am
Help me here guys. Are there Chinese Market makers AUDUSD? That is are Chinese banks or institutions on AUDUSD?
  • #86,513
  • Edited 7:49am Nov 4, 2014 7:28am | Edited 7:49am
Quoting Jenx
{quote} Hello Isingh I've just had a look.Very good description you give there.All we need to do is see them doing it and copy.I read a very good book recently called "Time Compression Trading" and although a lot of it is just basic VSA, it does give a nice analysis of the difference between winners and losers. I have to admit my trading only became consistent once I started to think outside the box, use common sense, bin the indicators and technical analysis, and look at the longer tfs.I now see anything below H4 as noise. As for those doubting...
HUGE THANKS FOR THE BOOK RE. !
ENLIGHTENING INDEED.
BTW have also checked 2 other books of the same author; one who's CONTENTS should always be NAILED in front of every traders EYES:
"Trading Rules that Work The 28 Lessons Every Trader Must Master" 2006 (Jason Jankovsky)
Siddhartha G
  • #86,514
  • Nov 4, 2014 7:29am Nov 4, 2014 7:29am
Quoting Fx-opinion
Help me here guys. Are there Chinese Market makers AUDUSD? That is are Chinese banks or institutions on AUDUSD?

Aussie friend says they are very related... and also the fate of AUD hinges on this FTA they are discussing on? Of course one must consider USD strength too when taking on a position
  • #86,515
  • Nov 4, 2014 7:37am Nov 4, 2014 7:37am
Quoting Fx-opinion
{quote} If anyone has posted that 0.90 is coming today or by the end of this week then your point is valid. What we longs are talking about is our Target Profit. Of course, some longs here are having target profit of 0.89xxx, 0.90, 0.90390 and 0.90xxx. If you are still upset about others posting Target Profit of 0.90 then simply PLEASE IGNORE THEM
Thanks FxOpin !
Finally! someone here is trying to reduce a tad the impertinence of that "smart"() b@@@
Siddhartha G
  • #86,516
  • Nov 4, 2014 7:38am Nov 4, 2014 7:38am
Now aud can charge 100 pips up. Please
  • #86,517
  • Nov 4, 2014 7:46am Nov 4, 2014 7:46am
Educating the hopeless-case I am afraid... (but nice try, though... )
Quoting Jenx
Why do you feel it "must" go deeper before 0.9?! I'm not saying it wont,
its just that the forex market doesn't "have" to do anything. What if, for instance, it just flops about for a couple of days and then the fed decides to ...
Exactly - Double you on that
Siddhartha G
  • #86,518
  • Nov 4, 2014 7:54am Nov 4, 2014 7:54am
Quoting Isingh
{quote} HUGE THANKS FOR THE BOOK RE. ! ENLIGHTENING INDEED. BTW have also checked 2 other books of the same author; one who's CONTENTS should always be NAILED in front of every traders EYES: "Trading Rules that Work The 28 Lessons Every Trader Must Master" 2006 (Jason Jankovsky)
Thanks Isingh, I shall have a look at that one as well.I like his view of the markets.You know,one of the major things that changed my stance and improved my trading was a few years ago meeting the new boyfriend of a close friend who is a junior trader with a decent sized hedge fund in London. Although he doesn't of course trade forex, his views were similar. Totally the opposite of what most retail traders see in price movement.I never trusted an indicator from that time on, not even an MA.
Good luck
Where price is now, it has been before, and will be again.
  • #86,519
  • Nov 4, 2014 8:00am Nov 4, 2014 8:00am
Quoting sugarbelly
nice inverted head and shoulders pattern forming. Maybe even Island reversal, anyone thought of that? Standby to be amazed, ready for 0,9040, been mentioning that for some time.

Don' say that, shhh.. ( ) It is forbidden here to be of different opinion from the opinions of the pesky know-alls who are
bad-mouthing anybody who dares to Long !!!
Siddhartha G
  • #86,520
  • Nov 4, 2014 8:01am Nov 4, 2014 8:01am
Quoting Isingh
{quote} Thanks FxOpin ! Finally! someone here is trying to reduce a tad the impertinence of that "smart"() b@@@
I just simply sharing my opinion lol
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