AUD/USD

[AbundantIncome]

my daily chart still gives me a great positive uptrend ... may not be a strong one though still positive ..., 4 hourly still gives positive signal ... even the five minutes chart is looking to test the upside so ...

anybody has a good indication on the best pips to take loss on without being whipped by the swing then moved into your direction again ???

any research on this ???

my stop loss strategy is kinda whimsy at the moment, first the system like IB does not seem to work. I put a stop loss, but the pair has been exceeded and still no sign of being executed !!!

i like the idea of trailing stop loss to move up against the profit movement, but again not sure in real life how practical it is .. sometimes a great idea is not that practical in real life ...

 

[>Apocalypto<]

A pullback for one is a trend for another .

very well said, oh so true.

 

[>Apocalypto<]

AUD 1 hour

with the positive divergence on the MACD and the price bouncing off the nominal line (blue center line) looking for the price to continue higher to .7320 - .7340. with a turn around to the nominal line.

the top two lines are the target area for a short position if the price does reach these two extremes.

cheers,

 

[Apollo_kk]

Apocolypto

Looks like 733 is holding so I reckon that we are looking at a move down to 728.

 

[Forex Journal]

AUD/USD Outlook

AUD/USD – The market continues to chop around within a very broad 0.6000-0.7400 range dating back to October 2008. Despite the recent strength and break to fresh 2009 highs, the overall structure remains grossly bearish and given the proximity to the range highs, we like the idea of looking for opportunities to be short in anticipation of retest of the range lows at minimum. A break back below 0.7000 should help to accelerate declines and confirm bearish resumption. Strategy: SIDELINED; AWAIT CLEARER SIGNAL.

 

[Dowdy]

Forex Journal, where did you get that info from?

I'm new to the forex game and i want to try and find a website that shows analysis like the one you posted

 

[i_in]

Forex Journal, where did you get that info from?

I'm new to the forex game and i want to try and find a website that shows analysis like the one you posted

hey Dowdy
don't be fooled, this one is not analysis, this is just a synopsis! what you think to do with it?!

 

[Stormin_Norman]

Forex Journal, where did you get that info from?

I'm new to the forex game and i want to try and find a website that shows analysis like the one you posted

try here: https://www.thelfb-forex.com/

 

[MrWhite]

Did anyone ride the jump today when unemployment was announced.

I got the RBA's decision Tuesday, but not today's.

 

[adamj123]

Did anyone ride the jump today when unemployment was announced.

I got the RBA's decision Tuesday, but not today's.

Yes, but I rode it the wrong way

 

[MrWhite]

Did you sell before the announcement, expecting it to go down? Or just misinterpret the news?

Just curious as I always wait for the release, scan it quickly and then choose an action.

I am just curious if others read the media buzz and jump before the announcement.

 

[Stormin_Norman]

i sold on rumour, and got out on the news (or just before it).

my system gave me trades going down, so i took them. i dont usually trade news, been burnt too badly in the past- i just stick to my system.

 

[AbundantIncome]

how are we going with this ?

down a fair bit now ... is it up time ??? :d

 

[AbundantIncome]

how are we going with this ?

down a fair bit now ... is it up time ??? :d

up and down up and down . show some trend already

 

[Underpants Gnome]

up and down up and down . show some trend already

What time frame are you looking at? If you look at the daily or hourly charts I'd say there's been a fairly strong uptrend since early March.

 

[AbundantIncome]

What time frame are you looking at? If you look at the daily or hourly charts I'd say there's been a fairly strong uptrend since early March.

I am looking at 5 minutes and one hour and i play short term only .. thanks :d

I am a little impatient looking at too long time :d

 

[MrWhite]

20 pips of movement today on the 5 minute average if you are day trading.

There was a nice drop from 76.04 to 75.70 about 14:30 that has swung up and down since.

Flat on anything longer term though.

 

[AbundantIncome]

20 pips of movement today on the 5 minute average if you are day trading.

There was a nice drop from 76.04 to 75.70 about 14:30 that has swung up and down since.

Flat on anything longer term though.

I am pretty new to this and am nervous trader so I cannot do swing trading as yet :d

so, what is the chart telling us today ? has the oversold come to an end for AUD/USD ?

some upside movement but seems to be quite a nervous one :d

any news on usa economy ???

 

[Wysiwyg]

Anyone get shafted by that gap down on this pair? Went past my long trades stop and I had a crash and burn instantly. I got the hex on me, now I know for sure.

 

[Wysiwyg]

Anyone get shafted by that gap down on this pair? Went past my long trades stop and I had a crash and burn instantly. I got the hex on me, now I know for sure.

That`s it. They closed the long trades at about 100 pips down and wiped out my small account. 12 pip initial stop loss but not guaranteed. Should have been short. Life is crappy.