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AUD/USD

  •  tazmet
  • | Joined Jun 2007 | Status: Gold Member - Solid Gold Baby! | 47 Posts
It looks like we can't fade this trend - not yet anyway. The range is broken by my estimation. Looking to buy dips. MA's point to strong uptrend on the daily with no sign that I can see of consolidation. Gold is up but with a slight decline in CRB. I feel the positive carry trade will continue to be a strong factor in pushing this pair upward. But...we shall see.
My business model Get pips => Keep Pips => Repeat
hi guys , hope you are doing fine

What do you think the effect of the RBA meeting minutes would be on the AUD/USD ?

right now the pair is consolidating around 0.9716-20

All opinions are much appreciated !
This pair is goint parity o, i mean 1.0000. u can all see the upward pressure on it ,infact its just 160 more pips up from todays high o. everybody keep buying bcos i see that that it can only retreat after touching parity o !
know thy edge and abide by it ! 4 in it shall thou be successful !
With this doji appearing on the 8hr. chart. The upper range has reestablished for now, I hope. Maybe this is the high for the week? Either way, I am still looking for that 50% retracement or 0.9663, last week old high.

PS

This time I took out an insurance policy. I bought some Euro/Yen. Just in case I am on the wrong side of aud/usd.
  •  tazmet
  • | Joined Jun 2007 | Status: Gold Member - Solid Gold Baby! | 47 Posts
This is a late reply, but good call by Phloid back on the 11th. Squeeze play suggesting breakout was evident on the daily at that time. Should've seen this. Then back to range now evident on the daily. While the commodity slide has not been good for the AUD, I will be waiting on the sidelines for a buy opportunity - waiting for support to form. We are actually not that far from the lower part of this range. Still, I don't expect to have it for awhile but will not short this pair given the interest...better risk/reward elsewhere.
My business model Get pips => Keep Pips => Repeat
Looking at the weekly. 92c wouldn't be exegerating.
This is my first post so wanna say hello to everyone here i am happy and proud to trade and learn with you mates
I am trading for about 2 years now but im still newbe and must learn a lot especially patience .
Mostly i trade yen crosses pair for carry trade.So best bet is buying dips on aud/jpy and shorting eur/jpy and gbp/jpy when correction moves occur.
Also i like euraud (i have a nice working system for this one completely different from that below)

My system is quite easy( i say mine because im using it.I aware there are many systems and various combinations of them).
I am using 15M.1H.3H and daily TF.Daily and 3h to find overall direction. 1h and 15m to enter/exit more accurately.TP after 50 pips half of the position then move SL on be +5 and wait for another signal at 15M TF.
Below is my analysis for 1-2 days for aud/usd and aud/jpy.
Aussie should bounce arround 0.95 then clear 50 ema at hourly chart after that brake to the upside is more viable on aussien.
I presume no bad news for carry trading this week after yen index collapsed last friday
Check out charts.
Gl & gt in coming days.
Attached Images (click to enlarge)
Click to Enlarge Name: audusd3H.JPG Size: 116 KB Click to Enlarge Name: audusd1H.JPG Size: 112 KB Click to Enlarge Name: audjpy1H.JPG Size: 106 KB Click to Enlarge Name: audjpy3H.JPG Size: 102 KB
(The link is from the PFX archives.)

http://www.pfxglobal.com/aud-usd/aud-usd-currency-pair-analysis-weely-video.html

Fundamentals of the currency and the Aussie economy are "much better
than in the US right now....a great pullback and buying opportunity for
the Aussie dollar once you get confirmation of a turnaround..."
You can be young without money, but you can't be old without it.
  • Post #49
  • Quote
  • Edited at 5:32am Jul 27, 2008 3:42am | Edited at 5:32am
I cant find separate euraud thread so i write it here.

EurAud is my favourite pair,
Below i am presenting the easiest system in the world
Blue lines strong s/r - more odds for bounce.
Dotted yelow lines minor s/r with less probability of bounce.
Gann lines combined with any horizontal lines 98% odds for bounce.
No other indicator is needed (maybe RSI could be helpfull).
Daily average is 70pips up and 70 pips down or straight 140 pips in one direction
(rarely 210 and sometime rocketing up even 500-1000pips in one day !).
Mostly this pair is choosing direction around 1-2 am GMT and 1-2 pm GMT.
KISS, isn't it ?
Attached Images (click to enlarge)
Click to Enlarge Name: eurauddaily.JPG Size: 186 KB Click to Enlarge Name: euraud3H.JPG Size: 191 KB
Quoting 5ysfx
I cant find separate euraud thread so i write it here.

EurAud is my favourite pair,
Below i am presenting the easiest system in the world
Blue lines strong s/r - more odds for bounce.
Dotted yelow lines minor s/r with less probability of bounce.
Gann lines combined with any horizontal lines 98% odds for bounce.
No other indicator is needed (maybe RSI could be helpfull).
Daily average is 70pips up and 70 pips down or straight 140 pips in one direction
(rarely 210 and sometime rocketing up even 500-1000pips in one day !).
Mostly this pair is choosing direction around 1-2 am GMT and 1-2 pm GMT.
KISS, isn't it ?
Wow, that's absolutely phenomenal. Could you elaborate more on your system, the pip harvest blew me away!
  • Post #51
  • Quote
  • Edited at 5:58pm Jul 27, 2008 5:22pm | Edited at 5:58pm
Racin_rick just try to copy a chart and follow the price action.

First draw horizontal line at 1.62 next blue line put 140 pips away, and so on.
then split this area drawing doted line. Next thing is to make a gann lines,
just draw a trendlines(wedges) and you see how simple is that.

Signals

long from the s/r lines when aud/usd is weak
short when aud/usd is strong
long when euro is extremely strong for short time period(good news for EU, bad US data)
short when aud is extremely strong (same as above regarding AUS and NZD market)
SL no SL
TP half of position when hit s/r lines
next one open SL move to be +5
This is a carry pair(at least now) so short is during longer than explosive long.
Be carefull.Always take a small positions.
Look at example below.

BTW long audjpy from 103.10 next buy order around 102.80 if seen
EDIT
I put euraud sell order at 1.6472
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.PNG Size: 39 KB
Quoting 5ysfx
Racin_rick just try to copy a chart and follow the price action.

First draw horizontal line at 1.62 next blue line put 140 pips away, and so on.
then split this area drawing doted line. Next thing is to make a gann lines,
just draw a trendlines(wedges) and you see how simple is that.

Signals

long from the s/r lines when aud/usd is weak
short when aud/usd is strong
long when euro is extremely strong for short time period(good news for EU, bad US data)
short when aud is extremely strong (same as above regarding AUS and NZD market)



SL no SL
TP half of position when hit s/r lines
next one open SL move to be +5
This is a carry pair(at least now) so short is during longer than explosive long.
Be carefull.Always take a small positions.
Look at example below.

BTW long audjpy from 103.10 next buy order around 102.80 if seen
5yfx,

Thanks a mil. I noticed the inverse relationship last week betwee the Eur/Aud and theAud/Jpy last week, and the same for the Aud/USD. I too think the next buy signal is Aud/Jpy at 102.80, but I thought maybe I was hoping for too much. I also thought there is a buy signal for the Aud/USD at .9550, you don't agree? Oh well, I think I missed that buy anyway.

Where do you get the Gann lines, my charting does not have them, do you just make them?

Racin_rick
Just be patient my friend first they must clear some stopas around 0.9520.
You can put a demo buy order at 0.9515 SL 30 pips and enjoy this spike
Dont worry if u missed any buy, better is not enter, than lose any penny
Gann lines are created myself plus-minus
Cheers
Quoting 5ysfx
Just be patient my friend first they must clear some stopas around 0.9520.
You can put a demo buy order at 0.9515 SL 30 pips and enjoy this spike
Dont worry if u missed any buy, better is not enter, than lose any penny
Gann lines are created myself plus-minus
Cheers

You're so right! The Euro/Aud spiked up and Aud/USD fell like dropping bricks out of sack......to .9534...waiting to see what the Euro/Aud does. Is it time to short Euro/Aud?
Likely I see bounce from 0.9510 area on NZD news in ten minutes
If so then short euraud.

Cheers
Order filled succesfully now let see if system works.
Aussie is almost ready to make final leg down or maybe this is it.
I went long with small position at 9530 another buy order 9510 just in case.
Gl & gt
Attached Image (click to enlarge)
Click to Enlarge Name: order.PNG Size: 42 KB
My view
long signal is almost there.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.PNG Size: 62 KB
I was looking to get into a short position. Sentiment seems negative for the AUD. I guess I'll look again. I see more upside then down but my fundies brain won't shut up.
Quoting Seaward22
I was looking to get into a short position. Sentiment seems negative for the AUD. I guess I'll look again. I see more upside then down but my fundies brain won't shut up.
No, no, don't short the AUD , especially at this level. I've been waiting for this level to buy.
Quoting Clouds
No, no, don't short the AUD , especially at this level. I've been waiting for this level to buy.
What price are you looking to get it in? I was going to short 0.9538 with TP at 0.9485. I'll suspend my short for now.
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