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AUDUSD Trading Pit

  • #241
  • Mar 3, 2016 7:14am Mar 3, 2016 7:14am
Quoting tashkent
{quote} shorting au has been fun lately, mate
Yeah - I can see why. I may just sideline this thing... but from what I can see, my sentiment is long.... but for me to go long, I need a quick dive down to a good retrace level, so yeah I want the damn short! LOL
A pip is only worth it if you know how much you risked to earn it
  • #242
  • Mar 3, 2016 7:28am Mar 3, 2016 7:28am
Quoting vlady1974
{quote} Yeah - I can see why. I may just sideline this thing... but from what I can see, my sentiment is long.... but for me to go long, I need a quick dive down to a good retrace level, so yeah I want the damn short! LOL
in 4 days we had 240 pip from low to high. hope this volatility will hold. i will wait how the weekly close, if above 7385, then yes mid term bullish. but bear can't hang around longer if they do not take 7200
As Above, So Below
  • #243
  • Mar 3, 2016 7:39am Mar 3, 2016 7:39am
I'm a masochist. Short @ 7335.
Reasons: R1 mainly. Also on the 1H, the 2 candles have same open/close with not much wick - sometimes this is a good reversal sign.
So if it works, what they hey.
A pip is only worth it if you know how much you risked to earn it
  • #244
  • Mar 3, 2016 7:53am Mar 3, 2016 7:53am
30th Nov. 2015 it hit .7385 but closed for the day .7330. 12th Oct. hit .7381 close for day .726. Judging by that history and fact it's been ranging sideways since August it will have a lot of trouble hitting and holding .738. To run up from where it has and then break through the 7 month sideways range and hold higher all in one day seems too unlikely to me. I'm short from .733. Stop loss .74 Will add my little feather to hold it down for all the nervous shorters. Have sell order placed at .7379. 20 pip SL. Gotta get some sleep. Work in five hours. Pile on the shorts! good luck all
  • #245
  • Mar 3, 2016 8:02am Mar 3, 2016 8:02am
Quoting vlady1974
I'm a masochist. Short @ 7335. Reasons: R1 mainly. Also on the 1H, the 2 candles have same open/close with not much wick - sometimes this is a good reversal sign. So if it works, what they hey.
why not to wait for confirmation?
As Above, So Below
  • #246
  • Mar 3, 2016 8:03am Mar 3, 2016 8:03am
Quoting Blackopal
30th Nov. 2015 it hit .7385 but closed for the day .7330. 12th Oct. hit .7381 close for day .726. Judging by that history and fact it's been ranging sideways since August it will have a lot of trouble hitting and holding .738. To run up from where it has and then break through the 7 month sideways range and hold higher all in one day seems too unlikely to me. I'm short from .733. Stop loss .74 Will add my little feather to hold it down for all the nervous shorters. Have sell order placed at .7379. 20 pip SL. Gotta get some sleep. Work in five hours....
makes sense, buddy
As Above, So Below
  • #247
  • Mar 3, 2016 8:05am Mar 3, 2016 8:05am
Quoting tashkent
{quote} why not to wait for confirmation?
Cos I'm a masochist.
Normally, I'd wait for 7328 to break
A pip is only worth it if you know how much you risked to earn it
  • #248
  • Mar 3, 2016 9:44am Mar 3, 2016 9:44am
waiting for a decisive push. hope will get there. one of the important targets of mid term trend
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As Above, So Below
  • #249
  • Mar 3, 2016 9:57am Mar 3, 2016 9:57am
Is anyone else seeing the divergence on the 5min and 15 min chart? I have been watching this since Monday and waiting for a pullback.
  • #250
  • Mar 3, 2016 2:02pm Mar 3, 2016 2:02pm
congrats to bear, we just had a whopping 20 pip retracement
As Above, So Below
  • #251
  • Mar 3, 2016 2:14pm Mar 3, 2016 2:14pm
Quoting tashkent
congrats to bear, we just had a whopping 20 pip retracement
I'd feel slightly better if price had gone .4 pip higher to trigger another of my shorts at 7374 so for now even though I'm short I'm hoping bull run not done!
Hope for the best, prepare for the worst.
  • #252
  • Mar 3, 2016 2:22pm Mar 3, 2016 2:22pm
Quoting dab
{quote} I'd feel slightly better if price had gone .4 pip higher to trigger another of my shorts at 7374 so for now even though I'm short I'm hoping bull run not done!
agree. maybe news from australia will take it higher today. if not, i am all good. 7370 will also satisfy me. sell orders still pending
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As Above, So Below
  • #253
  • Mar 3, 2016 6:18pm Mar 3, 2016 6:18pm
what's up people?
no trading, no ideas, no opinions, just lurking around?
i opened this thread so people can share their thoughts, trade and have fun at the same time. i probably will ask Twee to combine this thread with AUD/USD
As Above, So Below
  • #254
  • Mar 3, 2016 6:24pm Mar 3, 2016 6:24pm
Quoting tashkent
what's up people? no trading, no ideas, no opinions, just lurking around?
i'm wainting for a sell signal all day . lot of patterns completin near this price zone till .7437 . bad news for AUD & good NFP would be awesome but seems unlikely
  • #255
  • Mar 3, 2016 6:31pm Mar 3, 2016 6:31pm
Same here KumoBreaker.

I shorted Aus$ earlier but it didn't move enough for me to hold during retail sales news. Hoping to short soon after the news though down to .7255.
  • #256
  • Mar 3, 2016 6:40pm Mar 3, 2016 6:40pm
I'm waiting for direction first then will pull the trigger on a pullback.
  • #257
  • Mar 3, 2016 6:43pm Mar 3, 2016 6:43pm
Quoting KumoBreaker
{quote} i'm wainting for a sell signal all day . lot of patterns completin near this price zone till .7437 . bad news for AUD & good NFP would be awesome but seems unlikely
there are many signs to look for a reversal but unfortunately i am seeing only one of them: temporary rejection of 7385.
the reality is we are in a very strong uptrend and no shorts are justified unless it is a scalp for a few pips at higher high or positional trades with a few hundred pip stop loss.
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As Above, So Below
  • #258
  • Mar 3, 2016 6:51pm Mar 3, 2016 6:51pm
actually i see 2 strong sell signals right now .. one in last 2 candle sticks of H4 & break in dynamic supports of m15 but the main signal for me is breaking below .7326 in m30 time frame .if that happens i'm gonna stay bearish till .7245 sh .
got my fingers crossed . i always feel good when i open a trade before going to sleep.
  • #259
  • Mar 3, 2016 6:52pm Mar 3, 2016 6:52pm
Quoting tashkent
{quote} there are many signs to look for a reversal but unfortunately i am seeing only one of them: temporary rejection of 7385. the reality is we are in a very strong uptrend and no shorts are justified unless it is a scalp for a few pips at higher high or positional trades with a few hundred pip stop loss. {image} {image}
i agree. im not shorting anything until i see a clean break of the rising trendline
  • #260
  • Mar 3, 2016 7:08pm Mar 3, 2016 7:08pm
My thoughts...
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