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AUD/USD

  • #89,861
  • Apr 7, 2015 7:13am Apr 7, 2015 7:13am
Quoting Balmain Boy
... I used to be one myself for over 15 years.....
Good for you. Got experiance....
The Market pays you to be disciplined
  • #89,862
  • Apr 7, 2015 7:31am Apr 7, 2015 7:31am
Quoting Balmain Boy
{quote} I used to be one myself for over 15 years before the exchange I traded on shifted over to screens. The pictures below paint a picture I'm sure you'd be familiar with ; {image} 1648264 {image}
Question, where you versed in screen trading when this happened? Or did you have to relearn some things about computer trading when your pit closed? Also, which way have you been more efficient at?
  • #89,863
  • Apr 7, 2015 7:49am Apr 7, 2015 7:49am
Quoting julesocean
{quote} Question, where you versed in screen trading when this happened? Or did you have to relearn some things about computer trading when your pit closed? Also, which way have you been more efficient at?

The game completely changed moving from pits to screens.
A good pit trader could read the market like a game of poker which can't replicated on a screen.
I could tell just through my sense of hearing who was doing what, whether the market was long or short, who was bluffing etc..,
We also got to react to the news first, everyone else was a phone call and a hand signal away - certainly no algos in front of us.
  • #89,864
  • Apr 7, 2015 7:51am Apr 7, 2015 7:51am
Quoting julesocean
free money? smelled it in this thread.
TPed at .7637 after retrace from news spike.
  • #89,865
  • Apr 7, 2015 7:55am Apr 7, 2015 7:55am
Quoting Balmain Boy
{quote} The game completely changed moving from pits to screens. A good pit trader could read the market like a game of poker which can't replicated on a screen. I could tell just through my sense of hearing who was doing what, whether the market was long or short, who was bluffing etc.., We also got to react to the news first, everyone else was a phone call and a hand signal away - certainly no algos in front of us.
That is crazy, I've seen a few documentaries and it just seems so intense. Did anyone ever get into fights? Or despite the mayhem you all remain respectful? I wouldn't be able to participate without home trading, but I bet everything was more natural back in the day. Not as much shady stuff like high frequency traders etc.
  • #89,866
  • Apr 7, 2015 8:02am Apr 7, 2015 8:02am
PULL BACK UP AUD = USD JPY resistance and pul back down
  • #89,867
  • Apr 7, 2015 8:07am Apr 7, 2015 8:07am
anyone in fundies here? I look closely at commodities for the AUD/USD.
  • #89,868
  • Apr 7, 2015 8:35am Apr 7, 2015 8:35am
Quoting julesocean
{quote} That is crazy, I've seen a few documentaries and it just seems so intense. Did anyone ever get into fights? Or despite the mayhem you all remain respectful? I wouldn't be able to participate without home trading, but I bet everything was more natural back in the day. Not as much shady stuff like high frequency traders etc.

Pit position was most intensely guarded and whilst there were arguments there were never any fights.
Trading disputes were quickly resolved by replaying the videotape from multi-camera angles.
For myself and all the other successful "locals", what might look like mayhem to you and 99.9% of the public was absolutely crystal clear to us.
Amongst this throng existed some enthralling rivalries but the pits also evoked a wonderful sense of camaraderie.
  • #89,869
  • Apr 7, 2015 8:41am Apr 7, 2015 8:41am
Quoting Balmain Boy
....The game completely changed moving from pits to screens....
Could you get similar platform for trading ? did you feel you need different training?
The Market pays you to be disciplined
  • #89,870
  • Apr 7, 2015 9:42am Apr 7, 2015 9:42am
will sart shorting from 0.7690 till 0.78 , stops are over 0.79 aimed for 0.7460
  • #89,871
  • Apr 7, 2015 10:17am Apr 7, 2015 10:17am
Quoting Fx_Anil
{quote} Even i felt the same while reading the weekend NFP; however, the borader descending trend-channel, closely followed by the 100-day SMA, on Daily chart continue supporting the AUDUSD weakness. Moreover, the RBA meeting is likely to become a critical event for the pair.

anil whts ur view about AU...?
  • #89,872
  • Apr 7, 2015 11:15pm Apr 7, 2015 11:15pm
Quoting asi
{quote} anil whts ur view about AU...?
Seems that the pair could continue trading between 0.7720 and 0.7610. However, today's FOMC meeting minutes should be take care of. If the pair sustains the 0.7720 break, it could rally to 0.7750 & 0.7800 marks while on the downside 0.7610 & 0.7550 are important supports.

Overall view remains bearish
  • #89,873
  • Apr 8, 2015 12:28am Apr 8, 2015 12:28am
Quoting Fx_Anil
{quote} Seems that the pair could continue trading between 0.7720 and 0.7610. However, today's FOMC meeting minutes should be take care of. If the pair sustains the 0.7720 break, it could rally to 0.7750 & 0.7800 marks while on the downside 0.7610 & 0.7550 are important supports. Overall view remains bearish
i feel it is bearish too. As long as commodities are depressed. Aussie probably too.
  • #89,874
  • Apr 8, 2015 1:48am Apr 8, 2015 1:48am
Quoting Fx_Anil;81910r28
{quote} Seems that the pair could continue trading between 0.7720 and 0.7610. However, today's FOMC meeting minutes should be take care of. If the pair sustains the 0.7720 break, it could rally to 0.7750 & 0.7800 marks while on the downside 0.7610 & 0.7550 are important supports. Overall view remains bearish
Thanx Mr anil
  • #89,875
  • Apr 8, 2015 6:56am Apr 8, 2015 6:56am
Quoting Fx_Anil
{quote} Seems that the pair could continue trading between 0.7720 and 0.7610. However, today's FOMC meeting minutes should be take care of. If the pair sustains the 0.7720 break, it could rally to 0.7750 & 0.7800 marks while on the downside 0.7610 & 0.7550 are important supports. Overall view remains bearish

it is not able to break the 0.7720 yet, and from the 0.7724 level it is now at 0.7704... is this an indication that it will go downside?
appreciate you comments.
Attached Image (click to enlarge)
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  • #89,876
  • Apr 8, 2015 7:59am Apr 8, 2015 7:59am
Quoting Balmain Boy
{quote} I used to be one myself for over 15 years before the exchange I traded on shifted over to screens. The pictures below paint a picture I'm sure you'd be familiar with ; {image} 1648264 {image}
so pit trader means floor trader
thnx
  • #89,877
  • Apr 8, 2015 10:28am Apr 8, 2015 10:28am
where this is heading after the FOMC?
  • #89,878
  • Apr 8, 2015 11:49am Apr 8, 2015 11:49am
if the FOMC MoM is dovish what are the target TP? and and Hawkish what is the TP for this AU pair?
  • #89,879
  • Apr 8, 2015 1:03pm Apr 8, 2015 1:03pm
dovish or hawkish?
  • #89,880
  • Apr 8, 2015 1:24pm Apr 8, 2015 1:24pm
i think AU sustain 0.7720.
and beerish ....?
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