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AUD/USD

  • #93,161
  • Oct 27, 2015 4:09am Oct 27, 2015 4:09am
Just going to put this out there;

The Chinese government is working on their next 5 year plan now, and soon now the details of that will emerge, if the market believes it will be strong enough to sustain Chinese growth, that might be the trigger needed for AUD to bread the 0.735 mark.

Not saying it's a certainty, just that IF the plan seems strong enough to give the market a lift in confidence for all things China, that will have the most dramatic impact on the AUD in terms of the coming few months (assuming Fed & RBA both continue to hold).

So all in all, this week and the next, there will be a lot of data and a lot of policy announcement, so I suspect we will see much volatility, and hopefully the current range will finally be broken one way or the other.
  • #93,162
  • Oct 27, 2015 7:12am Oct 27, 2015 7:12am
Hi guys here is my forecast.
Attached Image(s) (click to enlarge)
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  • #93,163
  • Oct 27, 2015 8:11am Oct 27, 2015 8:11am
Quoting SkyrEk
{quote} Hi redalert, Haha, no i don't think i have fans to begin with. I'm just sharing my views to see if other traders here will have similar opinions or differs from me. This allows me to have a more neutral perspective instead of sticking to my own bias all the time. TBH, i don't set a target for my trades. As long i make money, that is all that matters to me. I don't stick to a single bias as well. If it is consolidation for the whole day like today and yesterday, i will scalp for a few pips and run off with some profits. In short, i'm both...
common, i guess now we have the right to call you a guru
just kidding.

at some point you must stick to your bias, otherwise there will not be a trade. bias is a line on the sand and trading is all about drawing a line on the sand and being active/reactive accordingly. according to your bias, you either buy or sell hoping/wishing/assuming/predicting/forecasting the price will move in your direction. that is why i say, we simply trade the hope in markets.
also, in my opinion, getting in and out with a few pips is not only a zero sum game, but the outcome is negative. why? because the spread is against you. anybody can calculate the efficiency of scalping for 10-15 pips or 50-60 pips given that the spread is 2 pips. in the first scenario you are just working for the broker.
you say beautiful words like, "no bias" "both bull and bear", "neutral perspective" and I hope you understand specific strategies must apply to make this philosophy work and more importantly, before everything, one must have a rock solid understanding of the principles behind this philosophy.
As Above, So Below
  • #93,164
  • Oct 27, 2015 9:01am Oct 27, 2015 9:01am
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  • #93,165
  • Oct 27, 2015 9:11am Oct 27, 2015 9:11am
Quoting countdown
AudUsd ====> Sell Stop = 72273 / TP = 72166 / Sl = 72599 if this order open ; set 2* lot size Buy Stop ===> 72599 / TP = 72766 / SL = 72384 GL
I have some doubt about this trade, very Bad PA before FoMC. Close this at the enter with 1 pip gain
do not stand out in the open with gun ;stand in the bushes with knife..
  • #93,166
  • Oct 27, 2015 10:51am Oct 27, 2015 10:51am
i am waiting to confirm the trend line behavior.....
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  • #93,167
  • Oct 27, 2015 11:14am Oct 27, 2015 11:14am
no matter many lines one may draw, there are only 2 possible outcomes: price will cross it or not.
each of these outcomes also has 2 outcomes: if price crosses the line, it will return towards the line or will not. if the price does not cross the line, it may cross it in another attempt or may not. you can go on and on.
there are rules to drawing lines and it has definitely nothing to do with abstract art.
As Above, So Below
  • #93,168
  • Oct 27, 2015 12:24pm Oct 27, 2015 12:24pm
Quoting countdown
AudUsd ====> Sell Stop = 72273 / TP = 72166 / Sl = 72599 if this order open ; set 2* lot size Buy Stop ===> 72599 / TP = 72766 / SL = 72384 GL
lost the profit because of PA =( unlucky me..
do not stand out in the open with gun ;stand in the bushes with knife..
  • #93,169
  • Oct 27, 2015 12:25pm Oct 27, 2015 12:25pm
Quoting countdown
{quote} if it goes to 72069 , i would like to see it at 71701
still holding this one.
do not stand out in the open with gun ;stand in the bushes with knife..
  • #93,170
  • Edited 7:37pm Oct 27, 2015 12:28pm | Edited 7:37pm
Quoting countdown
{quote} still holding this one.
you will get your 71701 soon, be patient

you have got more than you wanted, lol
As Above, So Below
  • #93,171
  • Oct 27, 2015 12:36pm Oct 27, 2015 12:36pm
Good shorting opportunities on the AUDUSD but FOMC is coming in tomorrow so I'm staying safe and flat. God knows what they'll do this time, lol. I'm leaning towards them keeping the interest rate at 0.25% but we'll see.
  • #93,172
  • Oct 27, 2015 12:54pm Oct 27, 2015 12:54pm
Quoting Lion-
Good shorting opportunities on the AUDUSD but FOMC is coming in tomorrow so I'm staying safe and flat. God knows what they'll do this time, lol. I'm leaning towards them keeping the interest rate at 0.25% but we'll see.
same here ;
I dont open new orders at FOMC ,NFP and Bank Holiday days...
my first rule in FX market
#1 - staying flat and not losing means gaining either.
do not stand out in the open with gun ;stand in the bushes with knife..
  • #93,173
  • Oct 27, 2015 1:03pm Oct 27, 2015 1:03pm
Quoting countdown
{quote} same here ; I dont open new orders at FOMC ,NFP and Bank Holiday days... my first rule in FX market #1 - staying flat and not losing means gaining either.
Indeed! even if you cut a losing trade at break-even (if it's good enough to get back to your entry) then I still consider that as a win. No money lost!

  • #93,174
  • Oct 27, 2015 1:58pm Oct 27, 2015 1:58pm
looking through the last few pages and see that almost everybody is buying this junk, now i am waiting to see how market is going to pop the stop losses of these heroes. but first wait them to buy at yet another "support"
please do not hate me for these comments, just having fun, too bored
As Above, So Below
  • #93,175
  • Oct 27, 2015 3:46pm Oct 27, 2015 3:46pm
Hahaha, i guess no 1 wants to entertain u too.
Well if you are here just for this, Congrats.
May you sleep well now.
  • #93,176
  • Oct 27, 2015 3:58pm Oct 27, 2015 3:58pm
Quoting SkyrEk
Hahaha, i guess no 1 wants to entertain u too. Well if you are here just for this, Congrats. May you sleep well now.
no, nobody wants to entertain me but i understand... after all, things are not looking too good. still hoping to hear from people how they are doing great with their euraud and gbpaud
and yes, this is really a fun thread, second after the eurusd thread

anyway, joke is to one side, lets talk trade. did you buy more aud? looks like it is at support and pretty cheap. lots of $$$ to make if goes up to 75
As Above, So Below
  • #93,177
  • Oct 27, 2015 4:02pm Oct 27, 2015 4:02pm
For a start, i'm not trigger friendly. Shall wait for PA to tell me so b4 i jump in to buy or sell for that matter.
  • #93,178
  • Oct 27, 2015 4:09pm Oct 27, 2015 4:09pm
Quoting SkyrEk
For a start, i'm not trigger friendly. Shall wait for PA to tell me so b4 i jump in to buy or sell for that matter.
ok, lets wait for another "custom" news from China
fomc will take care of the rest tomorrow.
As Above, So Below
  • #93,179
  • Oct 27, 2015 6:18pm Oct 27, 2015 6:18pm
Quoting tashkent
{quote} no, nobody wants to entertain me but i understand... after all, things are not looking too good. still hoping to hear from people how they are doing great with their euraud and gbpaud and yes, this is really a fun thread, second after the eurusd thread anyway, joke is to one side, lets talk trade. did you buy more aud? looks like it is at support and pretty cheap. lots of $$$ to make if goes up to 75
Yep I did well on EURAUD and GBPAUD LOL.......did not short the aussie but just longed those 2 and woke up with a nice surprise this morning

As much as I want to long the AUDUSD not touching it with a ten foot pole for the time being, it already cracked through multiple support lines.

News in an hr and CPI will probaby shitcan this further....I hope it does so it pushes my 1 open remaining long for EURAUD upwards hahaha
  • #93,180
  • Oct 27, 2015 7:13pm Oct 27, 2015 7:13pm
Quoting Lionheartfx1
{quote} Yep I did well on EURAUD and GBPAUD LOL.......did not short the aussie but just longed those 2 and woke up with a nice surprise this morning As much as I want to long the AUDUSD not touching it with a ten foot pole for the time being, it already cracked through multiple support lines. News in an hr and CPI will probaby shitcan this further....I hope it does so it pushes my 1 open remaining long for EURAUD upwards hahaha
i am happy for you, dude, keep pipping shit out of these markets and trade safe
As Above, So Below
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