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AUDUSD Trading Pit

  • #181
  • Mar 2, 2016 7:35am Mar 2, 2016 7:35am
I'm still holding Longs TK.

...Mind if they don't get a move on - I'll be drawing on my bloody pension at this rate​
  • #182
  • Mar 2, 2016 7:38am Mar 2, 2016 7:38am
Quoting tashkent
{quote} indeed, trading au has been little tricky. i tried to position myself for longer term (more from short side) but price keeps coming back with no clear direction. now for some time we are in a range between 7100 and 7260. swing trading would have been much profitable just shorting highs and buying lows and do not know when we will break the range. i hope that will happen this week. for now we are still in a mid term bullish leg.

My Aud/USD just disappeared from screen. It took me a minute to realize i had dropped my SL to BE and got stopped out by that run up b4 news, which was immediately followed within seconds by a 20 pip drop in my favour. Ashes to ashes dust to dust that sux I'm going to bed.
  • #183
  • Mar 2, 2016 7:57am Mar 2, 2016 7:57am
Quoting Blackopal
{quote} I'm afraid that strategy won't work for me FX. I work on a mine site doing 12 and a half hour shifts, and no personal electronic devices, including mobile phones, are allowed on site. It makes trading a bit difficult. It sucks when you've got trades on and can't monitor them.
Okay - If I were in your situation trading anything less than a daily timeframe would be off limits as I could not keep track of the market during the 12.5 hours at work...The solution may be to utilise the daily and weekly timeframes.

 

  1. Daily candle = One a day
  2. Weekly candle = One a week

So..You wont really miss much at all - you could trade all the major currency pairs on both timeframes looking for your 'set up' - that's going to mean approx. 16 - 20 charts of opportunity.

Just set your entry points and target levels and off you go

As an example I've been Long on AUD / USD for a few weeks. I had three entries and took profits on one. I have target levels in place...Now I could sit here looking at the AUD USD weekly chart but what's the point? I'm not actually doing anything which requires intervention..

  • #184
  • Mar 2, 2016 8:10am Mar 2, 2016 8:10am
Quoting FXClarity
I'm still holding Longs TK. ...Mind if they don't get a move on - I'll be drawing on my bloody pension at this rate​
longs have been paying well, have to say but i am seeing some exhaustion at the tops. do not know if this is valid.
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As Above, So Below
  • #185
  • Mar 2, 2016 8:20am Mar 2, 2016 8:20am
Very possibly TK - to me anything less than the daily chart is mess and slop on this pair at present and its certainly having issues around 7240 - so who knows. Its a bit of an each way bet 'right here / right now'

I'm holding these AU Longs for the time being and am more active on GBP / USD - but that's another thread...
  • #186
  • Mar 2, 2016 8:22am Mar 2, 2016 8:22am
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #187
  • Mar 2, 2016 8:49am Mar 2, 2016 8:49am
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #188
  • Mar 2, 2016 8:53am Mar 2, 2016 8:53am
Quoting FXClarity
Very possibly TK - to me anything less than the daily chart is mess and slop on this pair at present and its certainly having issues around 7240 - so who knows. Its a bit of an each way bet 'right here / right now' I'm holding these AU Longs for the time being and am more active on GBP / USD - but that's another thread...
cable is an interesting pair to trade. speaking about gbp, pound/aussie may offer some good trading opportunities in coming weeks
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As Above, So Below
  • #189
  • Mar 2, 2016 8:56am Mar 2, 2016 8:56am
Quoting tashkent
{quote} longs have been paying well, have to say but i am seeing some exhaustion at the tops. do not know if this is valid. {image}
Agree, many exhaustion (4 to be exact) on the 4hr.

R/R is sweet to short at the top, yet the bullish strength is undeniable when closing in on .72 support level. Hence, we will be in a range until there is a strong catalyst to enable AU to break out from either end.
  • #190
  • Mar 2, 2016 9:00am Mar 2, 2016 9:00am
Quoting tashkent
{quote} cable is an interesting pair to trade. speaking about gbp, pound/aussie may offer some good trading opportunities in coming weeks {image}

any pair can make good chance to gain some money - - - - - - - - - -> GBP and AUD are connected to EUR and USD so said the CAD at which it is connected to oil and gold and CHF as well connected to USD and CAD.... while NZD is connected to AUD and AUD is connected to oil ....... so EUR is connected to gold and oil and so on.............................................................................................. it is a chain


for the major pairs.....

pairs hedging is the best way to correlate the 6 major pairs and to trade them
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #191
  • Mar 2, 2016 9:03am Mar 2, 2016 9:03am
Quoting SkyrEk
{quote} Agree, many exhaustion (4 to be exact) on the 4hr. R/R is sweet to short at the top, yet the bullish strength is undeniable when closing in on .72 support level. Hence, we will be in a range until there is a strong catalyst to enable AU to break out from either end.
this is what pissing me off. lol
we are back to above 7230 again. i think we definitely need a surprise nfp to get out of this damn range
As Above, So Below
  • #192
  • Mar 2, 2016 9:04am Mar 2, 2016 9:04am
Quoting tashkent
{quote} this is what pissing me off. lol we are back to above 7230 again. i think we definitely need a surprise nfp to get out of this damn range
Tell me about it, it is damn frustrating trading AU for the past days/ weeks. I hope NFP can give a clear break out from either side.

Patience is the game now.
  • #193
  • Mar 2, 2016 9:06am Mar 2, 2016 9:06am
There is not much I can add since my last chart - entries circled with a buy limit placed.​
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  • #194
  • Mar 2, 2016 9:08am Mar 2, 2016 9:08am
the stoch. is showing that the au will go north - long but FORCE INDEX ( MT4) of 14 is showing fade strength so i close my both au trades with minor profit as shown above and i transfer my scalping trades to another pairs such as GBPJPY and eurusd

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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #195
  • Mar 2, 2016 9:10am Mar 2, 2016 9:10am
​Nice going - they all add up and if you don't like what you see - getting out is the right thing to do
  • #196
  • Mar 2, 2016 9:11am Mar 2, 2016 9:11am
Quoting FXClarity
There is not much I can add since my last chart - entries circled with a buy limit placed.​ {image}
That TP is geometrically "square" to the Trendline by way of the lowest low. (TIP)
A pip is only worth it if you know how much you risked to earn it
  • #197
  • Mar 2, 2016 9:12am Mar 2, 2016 9:12am
Quoting Samer1970
the stoch. is showing that the au will go north - long but FORCE INDEX ( MT4) of 14 is showing fade strength so i close my both au trades with minor profit as shown above and i transfer my scalping trades to another pairs such as GBPJPY and eurusd {image}
yes please close those au longs, maybe that is why it keeps hitting the roof. bear also need to make some money buddy
As Above, So Below
  • #198
  • Mar 2, 2016 9:13am Mar 2, 2016 9:13am
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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #199
  • Mar 2, 2016 9:13am Mar 2, 2016 9:13am
Quoting tashkent
{quote} yes please close those au longs, maybe that is why it keeps hitting the roof. bear also need to make some money buddy
A pip is only worth it if you know how much you risked to earn it
  • #200
  • Mar 2, 2016 9:18am Mar 2, 2016 9:18am
Quoting vlady1974
{quote}
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
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