AUD/USD

[Stormin_Norman]

its only going to get worse with these jokers giving bogans tens of billions of public money.

 

[alphatraderx]

Shorted AUDUSD at 0.7030
Stop level at 0.7120
Target level at 0.6943

 

[sinner]

Shorted AUDUSD at 0.7030
Stop level at 0.7120
Target level at 0.6943

Hi alphatraderx, please correct me if I'm wrong but this looks like at best a 1Risk(90):1Reward(87) trade.

These are the same odds as taking your money to the casino and betting it all on black.

Why do you expect people to pay for your "advice" on such trades?

Surely I am either mistaken or you are kidding.

 

[Stormin_Norman]

it did come through.

if expectancy is higher then risk the method can be ok.

 

[sinner]

Fair enough, guess he wasn't asking anyone to take the trade, was just posting his position.

I was a bit surprised is all, because I took a similar trade 15 minutes prior to alphatraderxs post based on bearish divergence on the 15m stochastic plus a "hunch" that the same news spike which played out across a bunch of currencies wouldn't hold for long.

My Risk:Reward was 1:2.25 and got it all too. Sorry alpha if I discouraged you, I could never take such a trade myself, maybe I'm just jealous

 

[i_in]

to take a short position in this trend
I just sounds my ridiculous
gl&gt

 

[sinner]

A healthy trend will always pull back a little before the next leg up

If the signal pops up, and looks good, why not take it?

 

[i_in]

the trend is up
I think it is better to wait and to take in the right direction
matter of MM

 

[SoBadAtTrading]

Trend is up on the hourly. May retest the 70.5c resistance.

 

[Underpants Gnome]

Anyone else short on this? I got in at .7040, it's seen a fair bit of reaction in the past. Targeting the previous drop down to ~.6060. I'm a complete n00b though so we'll probably see it hit .71+ soon

 

[Underpants Gnome]

Well, as predicted we've gone up over .71! My 60 pip target (.6977) was missed by 2 pips. If I wasn't on a limited risk account with IG I probably would have made it, because the guaranteed stops add 3 pips to the spread so my entry was .7037 instead of .704, but it was still close anyway. So my 20-pip trailing stop was hit and I closed at .7017 for a 1R profit instead.

Immediate next point of resistance appears to be ~.7160.

 

[AbundantIncome]

so what is the story with AUDUSD ? ... been rising rapidly and now in the decline ???

my daily chart and 4 hourly chart seem to indicate an uprising event !

what's your chart telling us ?

 

[white_goodman]

the daily had a pretty obvious pin... im short

 

[AbundantIncome]

the daily had a pretty obvious pin... im short

pin ???

 

[white_goodman]

pin ???

yeh heres a pretty crude chart i got online....

its plain to see, some call it an evening star/pin...

 

[AbundantIncome]

yeh heres a pretty crude chart i got online....

its plain to see, some call it an evening star/pin...

i see, i do not understand the significance i guess ...

i tend to follow very simple patterns .. too much i find myself cannot get in or get out

thanks for pointing that out though

 

[Stormin_Norman]

buyers were looking to push it up. heavy selling pushed it back down again.

who'll win the battle?

 

[white_goodman]

buyers were looking to push it up. heavy selling pushed it back down again.

who'll win the battle?

if anything its a sign that the current up-move will halt and move sideways or downwards, look for other bearish PA to confirm

 

[MrWhite]

I've just jumped out at lunch time, looks like a flat day.

 

[Mr J]

the trend is up
I think it is better to wait and to take in the right direction
matter of MM

A pullback for one is a trend for another .