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AUD/USD

  • #86,581
  • Nov 4, 2014 8:35pm Nov 4, 2014 8:35pm
Quoting Fx-opinion
{quote} You need glasses
i got some :nerd:
  • #86,582
  • Nov 4, 2014 8:36pm Nov 4, 2014 8:36pm
Quoting scalperdebes
{quote} Let me ask, are you from China? I was thinking that you might be asking about trading on AU pair from a Chinese market maker. Spread fx trading is forbidden in China at present. All currency trades are OTC. Any existing fx brokers in China are just representative companies which caters to clients to open accounts but regulated overseas, but the problem is funding is only allowed at RMB$50,000 per annum. Hope I answer your queries.
No, I am not from China, but, suspecting some market makers in Singapore and Hong Kong are playing with aud.
  • #86,583
  • Nov 4, 2014 8:42pm Nov 4, 2014 8:42pm
Quoting Fx-opinion
{quote} Oh the clown came back
lol didn't you have me on ignore, I'm off it now? awwwww. Will be visiting you shortly for more signals.
  • #86,584
  • Nov 4, 2014 9:14pm Nov 4, 2014 9:14pm
I congratulate anyone that can reliably trade this picture. I am a little frustrated at the markets atm, I am not going to attempt to trade this and have being standing aside for 2 weeks now- so much time wasted. I have been in demo on my scalping strat and it is exactly as I predicted in that the signals are full of FO's and false signals. So LT or ST trading is out for me until fundamentals and TA begins to sort through the knots of this crap PA. Currently in "Anything can happen week" so yet more lost time.

Currently looking at the unconfirmed hourly H&S and the top TL from 29/10/14. It looks like the first piece of tradable PA for a while imo but in this market I'm not holding my breath. I am still standing aside but monitoring for the return of reliable signals.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd #40.png Size: 86 KB
As the lights go by so too do the shadows move
  • #86,585
  • Nov 4, 2014 9:24pm Nov 4, 2014 9:24pm
Quoting fxtradeabi
{quote} lol didn't you have me on ignore, I'm off it now? awwwww. Will be visiting you shortly for more signals.
looks like you guys in love
  • #86,586
  • Nov 4, 2014 9:33pm Nov 4, 2014 9:33pm
Quoting Matts Micro
I congratulate anyone that can reliably trade this picture. I am a little frustrated at the markets atm, I am not going to attempt to trade this and have being standing aside for 2 weeks now- so much time wasted. I have been in demo on my scalping strat and it is exactly as I predicted in that the signals are full of FO's and false signals. So LT or ST trading is out for me until fundamentals and TA begins to sort through the knots of this crap PA. Currently in "Anything can happen week" so yet more lost time. Currently looking at the unconfirmed...
Well. Congrats to you, in that you have already learned one of the most important skills. Patience. And knowing when not to trade.

Confucius say:

Better he who wait 2 weeks for good trade, than 2 week losing streak
  • #86,587
  • Nov 4, 2014 9:39pm Nov 4, 2014 9:39pm
Quoting Matts Micro
I congratulate anyone that can reliably trade this picture. I am a little frustrated at the markets atm, I am not going to attempt to trade this and have being standing aside for 2 weeks now- so much time wasted. I have been in demo on my scalping strat and it is exactly as I predicted in that the signals are full of FO's and false signals. So LT or ST trading is out for me until fundamentals and TA begins to sort through the knots of this crap PA. Currently in "Anything can happen week" so yet more lost time. Currently looking at the unconfirmed...
Have a look at XAU - it's at yearly support
  • #86,588
  • Nov 4, 2014 10:02pm Nov 4, 2014 10:02pm
Quoting Ken A
{quote} Have a look at XAU - it's at yearly support
Cheers mate. Yeah I have been a bit active on Gold and caught a little of the run down, I am more watching than anything though. I got out of my short and though it has broken through the support it's NFP in 2 days otherwise I'd re-enter but I am not keen to short at this level. It still looks like a good st trade but my trust levels of the market are low atm.

I am waiting for the real trade of Gold reaching LL's and heading back to new highs. It may take a long time as I've heard some pretty low predictions- down to below 700 though I don't think it will go that far. Currently demand is low especially with the China's down turn and Gold Season having near to no impact but if the US economy falters (hoping not) in the next 6-12 months without the rest of the world catching up, Gold may become the almighty safe haven once again.
As the lights go by so too do the shadows move
  • #86,589
  • Nov 4, 2014 10:07pm Nov 4, 2014 10:07pm
Quoting Matts Micro
{quote} Cheers mate. Yeah I have been a bit active on Gold and caught a little of the run down, I am more watching than anything though. I got out of my short and though it has broken through the support it's NFP in 2 days otherwise I'd re-enter but I am not keen to short at this level. It still looks like a good st trade but my trust levels of the market are low atm. I am waiting for the real trade of Gold reaching LL's and heading back to new highs. It may take a long time as I've heard some pretty low predictions- down to below 700 though I don't...
1150 is critical level for many reasons;

Gold price seen near tipping point for mine cuts, closures ...

In response to weaker bullion, gold miners are estimated to have slashed their all-in cost of producing an ounce of gold to an estimated$1,350 in the first half of 2014, according to data from Thomson Reuters' GFMS metals research team. That was down from $1,696 an ounce for full-year 2013.
  • #86,590
  • Nov 4, 2014 10:40pm Nov 4, 2014 10:40pm
Quoting Ken A
{quote} 1150 is critical level for many reasons; Gold price seen near tipping point for mine cuts, closures ... In response to weaker bullion, gold miners are estimated to have slashed their all-in cost of producing...
Yups spot on . I used to work within the Gold sector and in 2013 I watched a lot of the smaller mills shut down (still have stocks, friends etc in industry). However the prob imo is there is still no strong demand for Gold. The price may hover within this range (though I think it will spike lower initially) for a fair period of time until a few of the larger companies begin to shutdown their mills or some form of demand is found. I have a pretty good vantage point imo for the industry as I live in the capital of the mining state of Aus. (WA) and Gold is a big part of that industrty. The surrounding environment is a reflection of how the mining industry is performing from housing to retail. Obviously the mining boom has wound down but things are still "not bad". That said I have a couple of gf's that work in different admin roles that are contracted logistics of different mining companies. The redundancies are starting to pile up and I feel perhaps that there hard times ahead.
As the lights go by so too do the shadows move
  • #86,591
  • Nov 4, 2014 10:44pm Nov 4, 2014 10:44pm
Trading Volatility...Selling Tops and buying bottoms...Relative to whatever time period makes sense...

For some reason, the market tends to fill gaps.

We'll see what happens on the recent gap..My current strategy is to trade the volatility and and data releases.
  • #86,592
  • Nov 4, 2014 11:13pm Nov 4, 2014 11:13pm
rejection from 0.8750-60 resistance and now a subsequent drop below 0.8710 seems to accelerate the downfall for AUDUSD initially towards 2014 lows support near 0.8650-40 area and eventually towards 0.8420-0.8400 support area.
  • #86,593
  • Nov 4, 2014 11:24pm Nov 4, 2014 11:24pm
Quoting HareshBM
rejection from 0.8750-60 resistance and now a subsequent drop below 0.8710 seems to accelerate the downfall for AUDUSD initially towards 2014 lows support near 0.8650-40 area and eventually towards 0.8420-0.8400 support area.
It hasn't taken out .8710
I'm still long.
FF journal: Peaks and Troffs
  • #86,594
  • Nov 5, 2014 12:02am Nov 5, 2014 12:02am
Just had a bounce off 0.8715, will add small longs targeting 0.8760 if goes down again, SL 15 pips
  • #86,595
  • Nov 5, 2014 12:12am Nov 5, 2014 12:12am
.8712 support level .....lower high on hourly ...Data is mixed..Looking for potential long position....as a counter trend...relative to hourly and 30 minute time periods.
  • #86,596
  • Nov 5, 2014 12:16am Nov 5, 2014 12:16am
Short trader should wait before opening as .8710 is showing some significant support though its long or short term that is unknown at the moment. And pls see usd/jpy pair if that makes a double top and fall we can see first 8800 and then maybe 8900. Please correct me if i am wrong. Thank you.
The mind is not a book to be opened at will and examined at leisure
  • #86,597
  • Nov 5, 2014 12:28am Nov 5, 2014 12:28am
Quoting bogus
{quote} It hasn't taken out .8710 I'm still long.
I'm out.
FF journal: Peaks and Troffs
  • #86,598
  • Nov 5, 2014 12:38am Nov 5, 2014 12:38am
if it closes below .8710 on 1 hr, i am short for this pair with tp of .8673
The mind is not a book to be opened at will and examined at leisure
  • #86,599
  • Nov 5, 2014 12:47am Nov 5, 2014 12:47am
Quoting jayjb
Just had a bounce off 0.8715, will add small longs targeting 0.8760 if goes down again, SL 15 pips
Well, at least you'll only lose 15 pips
  • #86,600
  • Nov 5, 2014 12:59am Nov 5, 2014 12:59am
Quoting DonaldPump
{quote} Well, at least you'll only lose 15 pips
No harm trying

On the sidelines now until 0.8677
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