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Just Another A/U Thread...

  • #561
  • Apr 12, 2016 1:57am Apr 12, 2016 1:57am
probable h&s on h4 ,D1
  • #562
  • Apr 12, 2016 2:50am Apr 12, 2016 2:50am
Quoting 10cents
{quote} This is obviously a different account without your blown up trades of -1000 pips. Why post a different account? Anyway it is your choice to post so i rest my case.
I told you it was a different account, Im not going to show that account for other reasons. 25% dd is hardly a blown up account. It quite common to run an account with a DD, thats trading. If you want to continue gambling with your 10cents go for it.
20 Pips a day keeps centerlink away
  • #563
  • Apr 12, 2016 4:46am Apr 12, 2016 4:46am
Quoting PaulDaemon
{quote} I told you it was a different account, Im not going to show that account for other reasons. 25% dd is hardly a blown up account. It quite common to run an account with a DD, thats trading. If you want to continue gambling with your 10cents go for it.

I don't think it is common to have over 1000pips draw down on just 2 trades (probably -1300 as we speak). These are obviously trades that went terribly wrong.
  • #564
  • Apr 12, 2016 7:26am Apr 12, 2016 7:26am
Quoting Blackopal
{quote} I have one chart which shows Daily close .7502. Another shows .7527 Daily close...obviously different time zones. Either way you quittttte get your close below .7500 Today's 4Hr showing pinbar, 2 HR solid but keeps getting knocked back from resistance zone around .7533. However for last hour and a half it has refused to pull back much from there, looks like it will climb through eventually. I'm going to hold my longs for now, have order pending to sell half at .7634 and reduce my exposure. I might have to adjust lower if PA convinces me...

All longs closed. Very small profit. Previously made mistake buying too soon on dips. Glad to be out slightly in front.
  • #565
  • Apr 12, 2016 7:35am Apr 12, 2016 7:35am
Quoting PA is King
A short here around .7570 might be good...stop around .7590(or just above .7600 if you can afford the risk). Standard 30-50pip target. Happy Trading!

Hi PA. I was watching last night when you posted this. Seemed out of character for you. My charts showed no bearish pin bars, bearish engulfing or bearish railroad

tracks. Only a short sharp movement down on 2 H and 1 H charts, which did not go below low on previous 2 or 1 hour charts. AUD had not set LL on daily. Did all the

bearish influence on the AUD threads cloud your previously accurate ability to decipher the charts? I expect you will regain your touch
  • #566
  • Apr 12, 2016 7:59am Apr 12, 2016 7:59am
Short .7654. Going back on charts strong R/S at .767. I think we are turning down from it here. Too strong too long, time for some slack. Looking for 30 plus pips
  • #567
  • Apr 12, 2016 11:00am Apr 12, 2016 11:00am
Quoting Blackopal
{quote} Hi PA. I was watching last night when you posted this. Seemed out of character for you. My charts showed no bearish pin bars, bearish engulfing or bearish railroad tracks. Only a short sharp movement down on 2 H and 1 H charts, which did not go below low on previous 2 or 1 hour charts. AUD had not set LL on daily. Did all the bearish influence on the AUD threads cloud your previously accurate ability to decipher the charts? I expect you will regain your touch
Thanks for the encouragement! I think you're right on the short around.7660...should be good for 30pips or so. Cheers!
  • #568
  • Apr 12, 2016 2:20pm Apr 12, 2016 2:20pm
Quoting Blackopal
Short .7654. Going back on charts strong R/S at .767. I think we are turning down from it here. Too strong too long, time for some slack. Looking for 30 plus pips
I forgot to ask, did you enter that trade before the drop down to .7620 or was it after the current rally from .7620 up to .7685?
  • #569
  • Apr 12, 2016 2:22pm Apr 12, 2016 2:22pm
Well, both my 1hr and 4hr charts are a bit messy...no real trend to follow...just the .7500-7700 range still. The Daily chart is still in an uptrend as there hasn't been a Lower High or Lower Low for months(start of uptrend was Middle of January). The market got me last week when the 4hr made a Lower Low and Lower High...but those have been cancelled out with today's rally.
  • #570
  • Apr 12, 2016 7:11pm Apr 12, 2016 7:11pm
Quoting PA is King
{quote} I forgot to ask, did you enter that trade before the drop down to .7620 or was it after the current rally from .7620 up to .7685?

I entered before the drop. Should have taken about 30-35 pips, but looked away for a while and closed it on it's rebound at .7648. Was a very short and quick move down and back up. It happened on all USD pairs I follow. At .769 now and looking likely to test old high of .7723 today. There has been a lot of negative news about economy in Aus. recently, including drop in consumer sentiment in bank surveys released yesterday, but AUD continues to rise. Seems as though the best option continues to be buy the dips. But all the negative news makes it difficult to be confident in a long position.
  • #571
  • Apr 12, 2016 7:34pm Apr 12, 2016 7:34pm
Quoting Blackopal
{quote} I entered before the drop. Should have taken about 30-35 pips, but looked away for a while and closed it on it's rebound at .7648. Was a very short and quick move down and back up. It happened on all USD pairs I follow. At .769 now and looking likely to test old high of .7723 today. There has been a lot of negative news about economy in Aus. recently, including drop in consumer sentiment in bank surveys released yesterday, but AUD continues to rise. Seems as though the best option continues to be buy the dips. But all the negative news makes...
Do you use limits? If you'd had a limit set for your 30 pips it would have been triggered. 35 & it would have depended on your broker.
Hope for the best, prepare for the worst.
  • #572
  • Apr 12, 2016 7:44pm Apr 12, 2016 7:44pm
Quoting dab
{quote} Do you use limits? If you'd had a limit set for your 30 pips it would have been triggered. 35 & it would have depended on your broker.

Yes Dab, usually use limits when I cannot watch to keep up with trade. But when i had this trade on last night virtually all USD pairs started a rapid drop which looked to me like it would continue, so I didn't close trade. Then I was away from computer for 10-15 minutes and was surprised to find a reversal had occurred on all pairs, so I closed with tiny profit. Also had shorts on NZD, which dropped and rebounded rapidly at same time.closed one BE and one small loss
  • #573
  • Apr 12, 2016 9:30pm Apr 12, 2016 9:30pm
And there you have it, the .7700 level I said last night it was going too. Bad Aussie news and Worse than expected China trade...yet we are reaching new highs on Aussie. We are back to the old theme of buy Aussie no matter what news is.

Happy Trading!
  • #574
  • Apr 12, 2016 9:35pm Apr 12, 2016 9:35pm
Quoting PA is King
And there you have it, the .7700 level I said last night it was going too. Bad Aussie news and Worse than expected China trade...yet we are reaching new highs on Aussie. We are back to the old theme of buy Aussie no matter what news is. Happy Trading!
Yep, that's the last nail into the coffin of local economy. Time to invest elsewhere.
  • #575
  • Apr 12, 2016 9:40pm Apr 12, 2016 9:40pm
Quoting PA is King
And there you have it, the .7700 level I said last night it was going too. Bad Aussie news and Worse than expected China trade...yet we are reaching new highs on Aussie. We are back to the old theme of buy Aussie no matter what news is. Happy Trading!
if you actually read the full cny news it wasnt worse than expected for AUD.
  • #576
  • Apr 12, 2016 9:56pm Apr 12, 2016 9:56pm
Quoting redalert
{quote} if you actually read the full cny news it wasnt worse than expected for AUD.
Last Westpac was -2.2%, tonight's was -4.0% (there was no forecast listed)...but it looks worse than the previous to me.(not that I trade news numbers...I only trade how price reacts to it...and price went up, so bulls in control).
  • #577
  • Apr 12, 2016 10:35pm Apr 12, 2016 10:35pm
Quoting PA is King
{quote} Last Westpac was -2.2%, tonight's was -4.0% (there was no forecast listed)...but it looks worse than the previous to me.(not that I trade news numbers...I only trade how price reacts to it...and price went up, so bulls in control).
Price spiked up because of cny data not Westpac Consumer Sentiment.
20 Pips a day keeps centerlink away
  • #578
  • Apr 13, 2016 5:20am Apr 13, 2016 5:20am
Quoting PaulDaemon
{quote} Price spiked up because of cny data not Westpac Consumer Sentiment.
Technically it wasn't moving up well before the last piece of cny news.
  • #579
  • Apr 13, 2016 5:27am Apr 13, 2016 5:27am
Quoting PA is King
{quote} Technically it wasn't moving up well before the last piece of cny news.
It was released on bloomberg about 15-20 mins before FF
20 Pips a day keeps centerlink away
  • #580
  • Apr 13, 2016 5:28am Apr 13, 2016 5:28am
Quoting PaulDaemon
{quote} It was released on bloomberg about 15-20 mins before FF
http://www.bloomberg.com/live/asia
20 Pips a day keeps centerlink away
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