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AUD/USD

  • #90,761
  • Jun 16, 2015 11:01am Jun 16, 2015 11:01am
Hello. I am short on this pair now, on break of the lows of the circled 30min candle.

The SL is not above the highs of that candle, but higher, as you can see. This is because I am seeing bearish set-ups develop on the higher timeframes as well (1H just triggerted short as well, 4H will trigger short if the lows of the current 4H candle which is still developing are breached, the daily will also trigger short if the lows of today are breached tomorrow).

So basically it is an attempt to enter short at a very early stage. I do not know why, but AUD seems very weak and set to weaken further, even weaker than the EUR. China-related? I do not know and I don't care. I just want to be in when it moves.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 30min short 16Jun15.gif Size: 44 KB
  • #90,762
  • Jun 16, 2015 11:02am Jun 16, 2015 11:02am
Even as just a range trade, we are in the top-1/3rd of the last few days' range, offering higher probabilities for short positions.
  • #90,763
  • Jun 16, 2015 12:04pm Jun 16, 2015 12:04pm
Quoting ItsAtrap
Even as just a range trade, we are in the top-1/3rd of the last few days' range, offering higher probabilities for short positions.
http://invst.ly/2oh

your short trades in my view are gambling.
  • #90,764
  • Edited 1:31pm Jun 16, 2015 12:58pm | Edited 1:31pm
Quoting mrfigure
{quote} http://invst.ly/2oh your short trades in my view are gambling.
what is "structure for the clue" in your chart?
There is a winner and a loser, nothing in between.
  • #90,765
  • Jun 16, 2015 2:51pm Jun 16, 2015 2:51pm
Quoting buytosell
{quote} what is "structure for the clue" in your chart?
It just means look to the left of the chart from where price is now. Looking left on this chart, you can see that price is trading at a previous resistance level which is now support. Structure of the chart is what price has formed in its history. Support and resistance levels are what forms a charts structure.
  • #90,766
  • Jun 16, 2015 4:01pm Jun 16, 2015 4:01pm
Have moved SL to entry price where I will prob get stopped out given how close price how risen to it

edit: actually happened as I typed this.Now flat on this pair
  • #90,767
  • Jun 16, 2015 11:23pm Jun 16, 2015 11:23pm
will aussie bounce from here.. ?
  • #90,768
  • Jun 17, 2015 12:10am Jun 17, 2015 12:10am
4hr uptrend line broken, will have to wait for 4hr close for confirmation broken trendline. I guess most traders are sidelined ahead of FOMC, that explains the low volume in markets today.
  • #90,769
  • Jun 17, 2015 12:47am Jun 17, 2015 12:47am
Just got in @ 0.77205 to play for a 20 - 30 pips bounce.
  • #90,770
  • Jun 17, 2015 12:57am Jun 17, 2015 12:57am
Quoting MJBhinder
Just got in @ 0.77205 to play for a 20 - 30 pips bounce.

That will be a good scalp there. Do place tight stoplosses too since commodities such as iron ores and gold been falling quite rapidly.

Good day!
  • #90,771
  • Jun 17, 2015 1:02am Jun 17, 2015 1:02am
Quoting SkyrEk
{quote} That will be a good scalp there. Do place tight stoplosses too since commodities such as iron ores and gold been falling quite rapidly. Good day!
....Placed my stop @ 0.77120.
  • #90,772
  • Jun 17, 2015 1:46am Jun 17, 2015 1:46am
Quoting MJBhinder
{quote} ....Placed my stop @ 0.77120.
Sorry that your SL got hit.

Time for a new trade
  • #90,773
  • Jun 17, 2015 2:17am Jun 17, 2015 2:17am
Luckily I was awake to see an opportunity to reenter short. Trade review on attached chart. Still have 1/2 of the position on, with SL at break-even now (the lows of the hourly candle of 11pm GMT), Just a small profit.

I wonder if the trade will live through today's vol.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY short reentry 16Jun15.gif Size: 46 KB
  • #90,774
  • Jun 17, 2015 2:26am Jun 17, 2015 2:26am
The daily short set-up I was referring to yesterday got triggered as well. Here is the chart for it. This is a daily chart.

Do your own research , ignore or peruse as you see fit. Manage risk. Don't swing for the fences. If today's FOMC vol. scares you or has you feeling uneasy about your trades, exit or lower risk until you don't care.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD daily short swing or scalp 17 Jun 2015.gif Size: 46 KB
  • #90,775
  • Jun 17, 2015 2:32am Jun 17, 2015 2:32am
4h uptrend line broken, more downside to come.

Just my humble opinion
  • #90,776
  • Jun 17, 2015 2:36am Jun 17, 2015 2:36am
Quoting SuperMario21
{quote} Actually I don't see big resistance up to 0,784X. But this is just an idea. At moment a I keep long until 0,7800...than I will see the price action... Happy pips
Hi Super Mario, i hope your trading is already protected, price goes down. Maybe after FOMC tonight there will be bounce up again, but who knows.
I've failed many times, but I took the lessons,and never give up.God Bless.
  • #90,777
  • Jun 17, 2015 2:40am Jun 17, 2015 2:40am
Quoting Miss05
Just short at 0.7754
Closed my Short with Green pips. Thanks for green donation.

And now just open new Long 0.7698.
C'mon , Push those baby uppp...
I've failed many times, but I took the lessons,and never give up.God Bless.
  • #90,778
  • Jun 17, 2015 2:45am Jun 17, 2015 2:45am
Quoting SkyrEk
4h uptrend line broken, more downside to come. Just my humble opinion
Hi Sky, if i'm looking at 1D timeframe, yes, it bearish.. but for now, at 4H timeframe, there's a chance it might slip back up a little bit (or more)...if you want to get some risk and potential gain.

i personaly holding long from 0.7698, if the raise back strong enough until it reach 0.7736 - 0.7740 where that area is more like 'neutral area', then i will close and maybe wait until FOMC .

have a great trading and may the force of green pips be with you-
I've failed many times, but I took the lessons,and never give up.God Bless.
  • #90,779
  • Jun 17, 2015 2:51am Jun 17, 2015 2:51am
Quoting Miss05
{quote} Hi Sky, if i'm looking at 1D timeframe, yes, it bearish.. but for now, at 4H timeframe, there's a chance it might slip back up a little bit (or more)...if you want to get some risk and potential gain. i personaly holding long from 0.7698, if the raise back strong enough until it reach 0.7736 - 0.7740 where that area is more like 'neutral area', then i will close and maybe wait until FOMC . have a great trading and may the force of green pips be with you-
Hi Miss05, i do agree with you that there is a chance of the aussies going back up since it had hit stops at 0.7700 (from the orders board).

For me, i held my short from yesterday 0.7750 till at current levels, trailed my stop loss as well so that should price recovers to 'neutral area', i will get out with some profit.

Indeed, with FOMC being the main highlight, its best to wait out for Yellen.

Good trading day and may green pips be with you as well.
  • #90,780
  • Jun 17, 2015 3:05am Jun 17, 2015 3:05am
Quoting SkyrEk
{quote} Hi Miss05, i do agree with you that there is a chance of the aussies going back up since it had hit stops at 0.7700 (from the orders board). For me, i held my short from yesterday 0.7750 till at current levels, trailed my stop loss as well so that should price recovers to 'neutral area', i will get out with some profit. Indeed, with FOMC being the main highlight, its best to wait out for Yellen. Good trading day and may green pips be with you as well.
Sky, interesting methode to trailing.. may i know how and what is your method on trailing these specific AUDUSD? are you setting 10 pips back from the current price until that 'neutral area'?

i never implemented trail stop before, usually i just close it with green pips or red pups when i think it's technically enough.
I've failed many times, but I took the lessons,and never give up.God Bless.
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