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AUDNZD


It seems like the (perfect) opportunity to me.
Trader from Croatia
Quoting Geene

It seems like the (perfect) opportunity to me.
It seems you entered the trade prior to, and traded through the AUD CPI release. If it was posative news it would have gone against you? Unless you knew the results before the release wouldn't this trade be more like 50/50 gambling?

I too have just started watching the pair and was waiting for the 3185 level for a short. I still believe it may reach this level by end of the week/early next week.
just my 2c :-)
Enter Signature
Quoting ChipsnPips
It seems you entered the trade prior to, and traded through the AUD CPI release. If it was posative news it would have gone against you? Unless you knew the results before the release wouldn't this trade be more like 50/50 gambling?

I too have just started watching the pair and was waiting for the 3185 level for a short. I still believe it may reach this level by end of the week/early next week.
just my 2c :-)
Quote
It seems you entered the trade prior to, and traded through the AUD CPI release. If it was posative news it would have gone against you? Unless you knew the results before the release wouldn't this trade be more like 50/50 gambling?

No...no..
Trader from Croatia
Spreads are bigger for these pair compared to some
Quoting uncleti88
Spreads are bigger for these pair compared to some
It doesn't matter if you enter a sell limit order .
Trader from Croatia
Quoting uncleti88
Spreads are bigger for these pair compared to some
5pip on Oanda. not a great choice to scalp but it trends well sometimes
"If The Fool persists in his Folly he will become wise." - William Blake
Wondering anyone still trading this pair?

This thread has been quite for sometimes.

Anyway, I took a trade, Short @ 3200 and stop 3285 with target @ 3035.

The trade is purely based on support/Resistance and price/momentum divergence.

So far the trade has gone according to plan and currently(5:40 London time) price at nippling at previous low, 1HR chart. If prices punch through the low (3145) then I expect the Double Top formation to play out with double top target around 3080.
Quoting DerekV
Wondering anyone still trading this pair?

This thread has been quite for sometimes.

Anyway, I took a trade, Short @ 3200 and stop 3285 with target @ 3035.

The trade is purely based on support/Resistance and price/momentum divergence.

So far the trade has gone according to plan and currently(5:40 London time) price at nippling at previous low, 1HR chart. If prices punch through the low (3145) then I expect the Double Top formation to play out with double top target around 3080.
This thread seems to be a sleeper, but I frequently trade this pair with success. I agree with short term short @ 3200. Overall I think this pair is heading up, but not until after some correction down.
Quoting MTsnowrider
This thread seems to be a sleeper, but I frequently trade this pair with success. I agree with short term short @ 3200. Overall I think this pair is heading up, but not until after some correction down.
Thanx MTsnowrider. It is now fighting hard at around 3150. Need a decisive breakthrough (southward) from 3150 to head to 3100.

I have my finger X.
Yea, the short at 1.3215 is golden right now. I shorted 5 times my normal position size with a stop at about 1.3315 (this was more like an emergency stop - true stop about 40 pips) - to make about 40 pips profit .

Also shorted three normal positions at about 1.3210 to 1.3215 three times for about 40 pip profit each.

Basically there are several items that are creating this temporary top at about 1.3225.

-61.8% fib related to 1.38 high to 1.23 low.
-Channel slope similar to prior two large runs - May 2009 to about Dec 2009
and April 2010 to March 2011 - funny but so far the increasing slopes match.
-Fairly large run up from about 1.2360 to current price with no real pull back yet.
-Past top/resistance at this area
-RSI daily near 70 (although this pair has gone higher in past)

Next resistance is farily high up on this pair at about 1.3518.
Quoting Firstfx
Yea, the short at 1.3215 is golden right now. I shorted 5 times my normal position size with a stop at about 1.3315 (this was more like an emergency stop - true stop about 40 pips) - to make about 40 pips profit .

Also shorted three normal positions at about 1.3210 to 1.3215 three times for about 40 pip profit each.

Basically there are several items that are creating this temporary top at about 1.3225.

[color=black][font=Verdana]-61.8%...
Good technical analysis here! I took profit earlier this week on a longer term trade @ 1.3125 after nice ride up from 1.27. I've taken a few shorts on rallies to 1.3210 area this week. Still looking for more pullback before any break above 3225 area. Daily RSI is looking a bit high and probably needs some more unwinding. I love this pair for slow and steady pips. I made good profit during the previous large runs you mentioned. Eventually look to see a possible re-test of 1.38 highs from March. Of course this is Forex, and news can always send it down for a more significant correction.
MAYBE BAT :
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there seems to be room to go down to the 1.27 area.
just broke through 1.2957... next level 1.2945 then i'm in short.
"We demand rigidly defined areas of doubt and uncertainty." - Douglas Adams
knock! knock!

anyway... short and aim for support zone hope by tomolo
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Hi! Closed above, so I am long. 4H TF suggested me buying aswell, as we could see third bounce; now, having a confirmation, I feel pretty confident about this.
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TP was hit, +100.

Resistance at 1.3015 seems crucial, be careful there.
One must be patient now )
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Short at 1.29921
Ausie open gonna get us some more action, will keep eye on 1.29165.
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