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AUD/USD

  • #99,521
  • Nov 9, 2016 5:17pm Nov 9, 2016 5:17pm
Quoting ell3
btw, does anyone else here trade with CMC Markets? they were down for around 20 minutes earlier. i discovered the problem while i was trying to close a long scalp on the E/U at breakeven that i could see wasn't going to work out. i couldn't close it, and long story cut short, lost 9 pips needlessly. if my access to the market wasn't interrupted, i would have eventually taken my target profit and wouldn't have stopped myself out becos the pair didn't fall beyond my risk threshold. those with any experience dealing with brokers, would you say it's...

I am from Australia with pepperstone, yesterday and today, i too feel clearly fell that to execute trade or close a a trade even to some time change time frame or open a chart... pepperston take time much longer than normal time i used to practice. beciuase of that i was unable to close my ZJ long at the top @77.80 when i presses button when the price is @77.80, my trade was actually close @77.68, fortunately i was in profit but i lose around 8-12 pips from 2.5lot trade.

so frustrated but as finaly result was good i was fine other wise i too would have been in the same boat like you.
they take longer time to execute the orders compared to few days earlier.

trade safe
gl
imdi
  • #99,522
  • Nov 9, 2016 5:43pm Nov 9, 2016 5:43pm
Quoting Jfrancis
{quote} This is my example of what strategy I use. There are many other strategies that work of course . Trading fundamentals at a retail level is not one of them.
Retail bank institution there is no difference we all get the same news use same indicators and trade the same patterns.
20 Pips a day keeps centerlink away
  • #99,523
  • Nov 9, 2016 5:45pm Nov 9, 2016 5:45pm
If it wasn't for the election I'd have no doubt this pair would be pushing 0.78 and beyond.

Why?

Due to this madness, the Chinese have lost their minds:

http://www.businessinsider.com.au/ir...r-high-2016-11

They love to gamble, since they poured billions into Dalian Commodities exchanges earlier this year, they seem to be having fun with ore futures trading.

Prediction?

I honestly don't know how much higher China will push Ore prices.

I am unsure whether the government will let the rate go much above 0.80, dropping interest rates, low inflation and their "move to innovation" they need to lower. But I think they will silently ignore it in the mean time, the fat cheques are rolling in and increasing their budget, money they desperately need. Also there is the US interest rate decision/indecision.

It will hold around this level until FOMC at least but even then I'd only expect 100 - 150 pip noise. The big figures, GDP, employment and Inflation and Trade balance are all that we care about in regards to AUD

I can't see much coming from US economy until Trump gets warmed up... 3-6 months?
  • #99,524
  • Nov 9, 2016 5:57pm Nov 9, 2016 5:57pm
I have feeling that Australian government / ARB will close work to keep AUDUSD between 0.7250 - 0.7750
Mostly.
there might be spike out of this range. but AU will be back to this range without taking too long time...

thats my feeling for long time so far for long time in future
lets c
GL mate

imdi
  • #99,525
  • Nov 9, 2016 6:34pm Nov 9, 2016 6:34pm
Quoting ell3
btw, does anyone else here trade with CMC Markets? they were down for around 20 minutes earlier. i discovered the problem while i was trying to close a long scalp on the E/U at breakeven that i could see wasn't going to work out. i couldn't close it, and long story cut short, lost 9 pips needlessly. if my access to the market wasn't interrupted, i would have eventually taken my target profit and wouldn't have stopped myself out becos the pair didn't fall beyond my risk threshold. those with any experience dealing with brokers, would you say it's...
I'm with CMC. I've also picked up on some errors on the site (not like your issue) and they fixed them up immediately. I would 100% take the issue further with management.
  • #99,526
  • Nov 10, 2016 2:49am Nov 10, 2016 2:49am
Quoting wrightm403
{quote} I'm with CMC. I've also picked up on some errors on the site (not like your issue) and they fixed them up immediately. I would 100% take the issue further with management.
Ok, they accepted blame for the issue and refunded the loss. Which is fair and correct in my circumstances.

Meanwhile, hmm..... AUD on the climb AGAIN?! This is now really tricky. Think it's time to stay away from this pair for awhile. Been finding it tough to make money out of this pair recently.
  • #99,527
  • Nov 10, 2016 2:54am Nov 10, 2016 2:54am
Short @ 7720-30 Quasimodo style, looking for 30-40 pips
Attached Image (click to enlarge)
Click to Enlarge Name: QUAS.png Size: 47 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #99,528
  • Nov 10, 2016 3:11am Nov 10, 2016 3:11am
Quoting ell3
{quote} Ok, they accepted blame for the issue and refunded the loss. Which is fair and correct in my circumstances. Meanwhile, hmm..... AUD on the climb AGAIN?! This is now really tricky. Think it's time to stay away from this pair for awhile. Been finding it tough to make money out of this pair recently.

I hope AU may NOT have good eough reason or power to go above 0.7735 untill today big news...
so may be safe to play short from 0.7730-0.7720 for some pips

.......????
GL
imdi
  • #99,529
  • Nov 10, 2016 3:16am Nov 10, 2016 3:16am
Quoting Expo33
Short @ 7720-30 Quasimodo style, looking for 30-40 pips {image}

seems good chart and reason for the short....
this short may take bit of time until news to go down for some pips.......anyway lets c

I too with you but be very careful before the BIG USA news in 4 hours......
green pips mate
imdi
  • #99,530
  • Nov 10, 2016 3:31am Nov 10, 2016 3:31am
Quoting imdisaait
{quote} seems good chart and reason for the short.... this short may take bit of time until news to go down for some pips.......anyway lets c I too with you but be very careful before the BIG USA news in 4 hours...... green pips mate imdi
I agree, however his might just be a best short entry for the long term .. (TP 0.72**)
  • #99,531
  • Nov 10, 2016 3:34am Nov 10, 2016 3:34am
Quoting imdisaait
{quote} seems good chart and reason for the short.... this short may take bit of time until news to go down for some pips.......anyway lets c I too with you but be very careful before the BIG USA news in 4 hours...... green pips mate imdi
Thanks.

I will be out of the trade before this mornings news, although I don't think the employment claims will have much impact today. London usually shows it hand in about an hour or so. Already bounced 20 pips so taking some off the table, SLs moved to BE. I like these quick little bounce trades, especially in today's ranging markets.

Greens pips, cheers
Pride always comes before destruction.... -Proverbs 16:18
  • #99,532
  • Nov 10, 2016 4:02am Nov 10, 2016 4:02am
K.I.S.S
5m chart

Long @ 77057
SL @ 76967
Target #1 @ 77234
Target #2 @ 77313

We'll see
Attached Image (click to enlarge)
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  • #99,533
  • Nov 10, 2016 4:05am Nov 10, 2016 4:05am
zig zag fibo
Attached Image (click to enlarge)
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  • #99,534
  • Nov 10, 2016 4:10am Nov 10, 2016 4:10am
Quoting ProdigyFX
K.I.S.S 5m chart Long @ 77057 SL @ 76967 Target #1 @ 77234 Target #2 @ 77313 We'll see {image}

Three FAILED attemts to go down 0.7700....
but does it mean it go up again....

bit hard for me to think... may be I am bias with my shorts
lets c
GL
imdi
  • #99,535
  • Nov 10, 2016 4:14am Nov 10, 2016 4:14am
Quoting imdisaait
{quote} Three FAILED attemts to go down 0.7700.... but does it mean it go up again.... bit hard for me to think... may be I am bias with my shorts lets c GL imdi
I haven't put any thoughts as to where i think it will move, I just traded my trigger according to my rules

We just have to wait and see, Good luck!
  • #99,536
  • Nov 10, 2016 4:23am Nov 10, 2016 4:23am
First target reached.
SL put to BE, hopefully we get another push up
  • #99,537
  • Nov 10, 2016 4:26am Nov 10, 2016 4:26am
Quoting ProdigyFX
{quote} I haven't put any thoughts as to where i think it will move, I just traded my trigger according to my rules We just have to wait and see, Good luck!

YOU NAILED IT GREAT WORK!
  • #99,538
  • Nov 10, 2016 4:26am Nov 10, 2016 4:26am
Sold AU at 32 - sl 35

just a test, not expecting much... level wasnt strong enough

Stop -3

ill watch 0.7754/67
Attached Image (click to enlarge)
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  • #99,539
  • Nov 10, 2016 4:28am Nov 10, 2016 4:28am
Quoting imdisaait
{quote} YOU NAILED IT GREAT WORK!
Thank you!

Best of luck to you
  • #99,540
  • Nov 10, 2016 4:32am Nov 10, 2016 4:32am
Quoting Don96
Sold AU at 32 - sl 35 just a test, not expecting much... level wasnt strong enough Stop -3 ill watch 0.7754/67 {image}
How do you figure out your entrys? Time frames, triggers and so on?

Just curious, im here to learn
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