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AUD/USD

  • #86,741
  • Nov 5, 2014 7:04pm Nov 5, 2014 7:04pm
Market is trying to load on long USD at the moment. Same reaction happened with this pair when August employment figure came out positive. The down move at that time was from .92 down to break multiple support levels. We could expect the same move here if NFP comes out above 200k. We could probably see .84 at the end of this month.
  • #86,742
  • Nov 5, 2014 7:06pm Nov 5, 2014 7:06pm
Quoting phongvu12
Market is trying to load on long USD at the moment. Same reaction happened with this pair when August employment figure came out positive. The down move at that time was from .92 down to break multiple support levels. We could expect the same move here if NFP comes out above 200k. We could probably see .84 at the end of this month.
let it correct it self first after we can go down i have nothing against that
  • #86,743
  • Nov 5, 2014 7:09pm Nov 5, 2014 7:09pm
So done scalping here. no action in UJ, and A/U is gonna go sideways I guess, E/U is well dead till 1am I suppose.
  • #86,744
  • Nov 5, 2014 7:11pm Nov 5, 2014 7:11pm
Quoting Mad Russian
{quote} let it correct it self first after we can go down i have nothing against that
My initial short term long has TP at 0.8630. If it holds, I'll adjust to 0.8650, or go even lower than the initial TP depending on how choppy the market ends up in an hour or so. Where are you marking your positions?

Edit: My typing skills decline as the night goes on...calling it a night in a few hours.
  • #86,745
  • Nov 5, 2014 7:16pm Nov 5, 2014 7:16pm
Quoting Vermillion
{quote} My initial short term long has TP at 0.8630. If it holds, I'll adjust to 0.8350, or go even lower than the initial TP depending on how choppy the market ends up in an hour or so. Where are you marking your positions?
http://prntscr.com/53gy82 been sitting with this position since ny close
  • #86,746
  • Nov 5, 2014 7:31pm Nov 5, 2014 7:31pm
these whipsaws are bless for those who understand. market feeds bot bull and bear at the same time with up and down movements. gives some chance to take their profits, give some chance to exit for a minimal loss.
all you need to do is respect the market, not to be greedy, play small, be patient and act quickly. obviously this is the most difficult part. otherwise most trades would end up in profit.
the market is there to test and show us who we are in reality
As Above, So Below
  • #86,747
  • Nov 5, 2014 7:33pm Nov 5, 2014 7:33pm
I'm reading a lot of people saying short the AUD but it looks like at least in the short term price might go up on The Aud/USD because they ran the lows of the NY session and if we get a pull back close to the lows with a low volume candle might be a good time to take a long with a 15 pip stop.
Attached Image (click to enlarge)
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  • #86,748
  • Nov 5, 2014 7:39pm Nov 5, 2014 7:39pm
Inserted Video
  • #86,749
  • Nov 5, 2014 7:45pm Nov 5, 2014 7:45pm
Quoting tashkent
these whipsaws are bless for those who understand. market feeds bot bull and bear at the same time with up and down movements. gives some chance to take their profits, give some chance to exit for a minimal loss. all you need to do is respect the market, not to be greedy, play small, be patient and act quickly. obviously this is the most difficult part. otherwise most trades would end up in profit. the market is there to test and show us who we are in reality

well said... like you said in your 3 trading steps... the 2nd one is always difficult!!
  • #86,750
  • Nov 5, 2014 7:57pm Nov 5, 2014 7:57pm
Quoting irongoose
I'm reading a lot of people saying short the AUD but it looks like at least in the short term price might go up on The Aud/USD because they ran the lows of the NY session and if we get a pull back close to the lows with a low volume candle might be a good time to take a long with a 15 pip stop. {image}
If the pull back doesn't happen in the next 30 mins then I won't be taking a long regardless.
  • #86,751
  • Nov 5, 2014 7:58pm Nov 5, 2014 7:58pm
Quoting poseikwame
{quote} well said... like you said in your 3 trading steps... the 2nd one is always difficult!!
always a pleasure to see your kind of people among this crowd, who have no idea what they are doing and the most saddening part is that they assume they know
As Above, So Below
  • #86,752
  • Nov 5, 2014 8:00pm Nov 5, 2014 8:00pm
Quoting tashkent
{quote} always a pleasure to see your kind of people among this crowd, who have no idea what they are doing and the most saddening part is that they assume they know
excuse you...??
  • #86,753
  • Nov 5, 2014 8:04pm Nov 5, 2014 8:04pm
Quoting irongoose
{quote} If the pull back doesn't happen in the next 30 mins then I won't be taking a long regardless.
i did that because of you enjoy
  • #86,754
  • Nov 5, 2014 8:04pm Nov 5, 2014 8:04pm
Quoting poseikwame
{quote} excuse you...??
Lol I think his punctuation mark is wrongly placed and a word is missing. Must have meant a compliment
  • #86,755
  • Nov 5, 2014 8:10pm Nov 5, 2014 8:10pm
Quoting fxtradeabi
{quote} Lol I think his punctuation mark is wrongly placed and a word is missing. Must have meant a compliment
haha, thank you, i guess you are correct and yes it was a compliment.

anyway, time to switch to audjpy and ride that move. i wrote about that in my journal a few hours ago.
As Above, So Below
  • #86,756
  • Nov 5, 2014 8:14pm Nov 5, 2014 8:14pm
does not that look sweet?
Attached Image (click to enlarge)
Click to Enlarge Name: aj.png Size: 64 KB
As Above, So Below
  • #86,757
  • Nov 5, 2014 8:16pm Nov 5, 2014 8:16pm
Quoting tashkent
{quote} haha, thank you, i guess you are correct and yes it was a compliment. anyway, time to switch to audjpy and ride that move. i wrote about that in my journal a few hours ago.
aha...
  • #86,758
  • Nov 5, 2014 8:23pm Nov 5, 2014 8:23pm
Quoting Mad Russian
{quote} i did that because of you enjoy
Did what?
  • #86,759
  • Nov 5, 2014 8:27pm Nov 5, 2014 8:27pm
Quoting irongoose
{quote} Did what?
i added more longs ....just j/k having good time , bored
  • #86,760
  • Nov 5, 2014 8:28pm Nov 5, 2014 8:28pm
Quoting Mad Russian
{quote} i added more longs ....just j/k having good time , bored
Wonderful
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