Yes, I’ll be buying few yards @ LO 
Actually I am looking to sell ahead of 1.3120 and 1.3150
Good luck with your trade 
Thanks, you too!
Let’s hope for some decent pre-NFP volatility.
“The recent rally into 1.0380 in AUD/USD is a good example, short-term players who were short got squeezed out and large players used the opportunity to accumulate fresh shorts or add to it.”
I did that trade that you were talking about last night. I got the sense of sentiment from reading Fundamentaville on the babypips forum. Here is an excerpt:
From Pipdiddy
"There goes almost all of AUD/USD’s profits! The Aussie wiped out most of its gains from last week in one day after a tandem of economic reports weakened the comdolls. The pair plunged by a whopping 96 pips and closed at 1.0271. Yikes!
China celebrated Labor Day yesterday, but that didn’t stop the government from printing a weaker-than-expected manufacturing PMI report. The report came in at 50.6, lower than last month’s 50.9 reading. Strangely enough, the pair didn’t show reaction to it until the U.S. session traders opened shop. Will we see more comdoll weakness today?"
Therefore i was bearish on the AUD/USD for the day. I carried out two fade trade with the sentiment:
1st Entry
I did short and i got stopped out with a 10 pip lost. Can you comment on my entry on the 5 minute charts? Please comment without been results orientated where its good or bad and why. Thank you
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2nd Entry
After i got stopped out. Without any hesitations i shorted again and finally the trade finally worked in my favor
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I am calling a live trade.
I have a sell stop at 1.02619 AUD/USD. I want to short the AUD/USD
Take profit: 1.02254
Stop Loss: 1.02800
Screenshot Below:
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Dali, while i am doing this trade live. Can you comment, how to be MORE efficient in my entry? Do you agree with my set up? Yes no? What does your experience tell you?
Ok i was triggered into my trade at around 6:56pm
Here is the screenshot:
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Why am i shorting the AUD/USD
Read below from babypips Fundamentaville forum:
For the second day in a row, the Aussie slipped against the Greenback as AUD/USD dropped 19 pips to 1.0252. Uh oh… Is this the start of a new trend?
As I had mentioned yesterday, the Aussie was crippled early on by a weak building approvals report. Aside from that, it had to deal with disappointing results from the HSBC China manufacturing PMI.
Let’s see if today’s quarterly PPI report will change its fortune. It’s expected to show a 0.2% increase in prices in Q1 2013, the same as what we saw in Q4 2012. If it prints a strong upside surprise, it could lead the Aussie to erase some of its recent losses. Catch the report in just a few minutes at 1:30 am GMT.
Read more: 301 Moved Permanently
Also based on Dali’s sentiment Analysis of EUR/USD I am shorting EURO also
Short Entry: 1.31064
Stoploss: 1.31304
Take Profit: 1.30701
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At 7:45pm i was triggered into my EURO short trade. Here is my screen shot
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Guys i realise in half an hour there will be Non Farm Payment announcement and also unemployment. so i have to get out before announcement. I cant risk gambling with my money the outcome.
For AUD I am out at breakeven. 18 minutes to Non Farm Payment. Screenshot:
IC Markets AUDUSD m5 d6G5n | cTrader
And i also took a 5 pip lost 5 minutes before non farm for EURO
Hi omg,
Sorry for my late reply, I hadn’t the chance to visit the forum earlier.
You caught a great OF trade on Thursday, selling at the key resistance level as sentiment was negative and taking profit ahead of the reported large bids (1.0220). It didn’t work out on the 1st entry because you had a too tight stop. Give the trade some room, you should place the stop above the resistance level not exactly AT it. But the 2nd entry was great and good choice of stop loss level.
EUR/USD did not work out for both us, but that are those crazy pre-NFP moves, what can we do. Given sentiment, I still think it was worth to take the trade.
Keep up posting your ideas, I’d love to read your progress!
You caught a great OF trade on Thursday, selling at the key resistance level as sentiment was negative and taking profit ahead of the reported large bids (1.0220).
That c10220 is a AUD/USD key level going all the way back to 2010. They got that level stonewalled with a couple of yards - the last thing I heard.
EUR/USD did not work out for both us, but that are those crazy pre-NFP moves, what can we do.
Draghi’s negative interest tape bomb last thursday was a test balloon for the markets. The Euro shorts are in no mood to test Draghi’s resolve. One day they will - just not yet. Add the money flows out of Japan into the Euro and you got a lethal volatility mix around present levels with both sides capping (00) levels. The c13055 level is eyed nervously - a barrier sitting at c13065 doesn’t make it any easier to trade.
"you should place the stop above the resistance level not exactly AT it. But the 2nd entry was great and good choice of stop loss level."
That was very useful advice for me thanks =)
I know i repeat myself often but i am forever indebted to you in pointing me to the right direction and all my mentors at the “He who must not be named” Orderflow room.
Live Trade: I am going to short the AUD/USD
Entry:1.02428
StopLoss: 1.02632
Take Profit: 1.0228
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Why am i shorting AUD?
Answer: AUD/USD lower as Chinese PMI data came in worse than expected; the RBA is widely expected to cut rates by 25 bp tomorrow.
Hi Dali,
Current USD/JPY now is 99.21 and if we have an info USD/JPY Bids at 98.70, 98.50, 98.20 and 98. Sell stops from short-term players below 99, more sub-98.50 and between 97.90 & 97.70. Offers at 99.40/50 in good size, more at 99.70 all the way up to 100.00., Is bid at 98.70, 98.50 = we place buy limit order at 98.70, 98.50? Sell stop below 99 means we place sell stop at 98.90 maybe?. Offer at 99.40 means we place sell limit order at 99.40? Stop above means we place buy stop order? Is there any rules to place those kind of information?
Thanks,
Lydia
Hi Lydia,
I think this article will answer most of your questions:
http://forums.babypips.com/free-forex-trading-systems/51590-order-flow-trading.html#post462398
What you quoted above, are not trade signals, but levels where a decent amount of orders are accumulated.
I would kindly suggest you read all the articles I’ve posted (see thread intro), I think you will find most of the answers in them. If you still have problems with understanding the concepts after that, I’ll be happy to help you.
I’m a bit skeptical about the money flows from Japan. Recent reports suggest they are still slow and the main reason why bond yields decreased was that speculators were trying to front-run them. The carry trade has still a lot of potential, but with all the uncertainties remaining, it will be very volatile and prone to sharp pullbacks. It’s a constant game of clearing out those with weak stops or those with “fear” in their position.
I believe the ECB is trapped here and as most analysts noted, the rate cut was more a symbolic move than anything else. Big drivers will be US growth (US recovering, while EZ economies not picking up in speed) and risk appetite in form of carry trade.
So about 3.5 minutes ago i was triggered into my short:
Screen shoot below:
Thanks Dali