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AUD/USD

  • #3,181
  • Sep 8, 2009 8:38pm Sep 8, 2009 8:38pm
woot she(aud) 5 minute move away from 8660
  • #3,182
  • Sep 8, 2009 8:40pm Sep 8, 2009 8:40pm
Quoting fammira
I am waiting 0,8690 - 0,87 to start a short

weekend should lead to a pullback
I really admire your patience Fammira, I just worried about what's going on in China, it was written at UBS research:
"USD: Range breaking action (September 8, 2009, 5:09 PM)
More news about China selling USD vs. gold led the gold price above 1000 USD, and initiated a technical USD selling versus all major exchange rates. Most fx rates broke out of ranges, that were valid for the last 3-4 months. We think this is an important signal and expect more pressure on USD."

I hope they dont start it today agian,
  • #3,183
  • Sep 8, 2009 8:41pm Sep 8, 2009 8:41pm
Some bad retail and home loan figures are out. This could put a pinch on the over-optmism I mentioned before.

Aud aught to pull back now, will be looking for long opportunities as soon as I close this short.
  • #3,184
  • Sep 8, 2009 8:44pm Sep 8, 2009 8:44pm
Quoting ben10
that is a good call Fammira also she is abit strugling on 5 minute chart to climb above 0.8660 my finger is ready
data maybe an excuse to start taking profit

I missed an entry with a small lot at 0,8652 but I still wait for it at these levels and up to 0,87

forex often gives a second chance
  • #3,185
  • Sep 8, 2009 8:44pm Sep 8, 2009 8:44pm
Quoting T55
Some bad retail and home loan figures are out. This could put a pinch on the over-optmism I mentioned before.

Aud aught to pull back now, will be looking for long opportunities as soon as I close this short.

if not asia then London will pull this thing down to about .8550 and if that fails, NY will definitely do the job.

I doubt if we'll see .8660 anytime soon. I strongly believe we'll see 84 from here first before we'll see .8700.

1 pip :-)
  • #3,186
  • Sep 8, 2009 8:49pm Sep 8, 2009 8:49pm
Quoting shahab8b
I really admire your patience Fammira, I just worried about what's going on in China, it was written at UBS research:
"USD: Range breaking action (September 8, 2009, 5:09 PM)
More news about China selling USD vs. gold led the gold price above 1000 USD, and initiated a technical USD selling versus all major exchange rates. Most fx rates broke out of ranges, that were valid for the last 3-4 months. We think this is an important signal and expect more pressure on USD."

I hope they dont start it today agian,
looks like China is buying gold

in the last two sessions gold up and retracing when China sleeps...
  • #3,187
  • Sep 8, 2009 8:49pm Sep 8, 2009 8:49pm
indecisive actions from traders as i see it! take a risk, how may pips can i milk from this narrow range(60 pips) before break out or expansion accured.

http://img40.imagefra.me/img/img40/2...1m_344a975.png
  • #3,188
  • Sep 8, 2009 8:52pm Sep 8, 2009 8:52pm
Quoting fammira
data maybe an excuse to start taking profit

I missed an entry with a small lot at 0,8652 but I still wait for it at these levels and up to 0,87

forex often gives a second chance
Aye... forex is always about patience... slow and steady wins the frucking race xD

Quoting puks
I doubt if we'll see .8660 anytime soon. I strongly believe we'll see 84 from here first before we'll see .8700.

1 pip :-)
Yep... planning to long around the low 8400 region where we may see some strong support. I dont look to technicals too much when I trade as I'm more of a fundamentalist. And fundamentally, 8600 is a bit overbought. Also, China's possible bubble crisis may still yet to take into effect so thats one thing to watch out for as well.
  • #3,189
  • Sep 8, 2009 8:57pm Sep 8, 2009 8:57pm
Quoting fammira
looks like China is buying gold

in the last two sessions gold up and retracing when China sleeps...
thats why shanghai index pullback up abit

http://img40.imagefra.me/img/img40/2...ym_f11cfe8.png

and aussie follow suit
  • #3,190
  • Sep 8, 2009 9:13pm Sep 8, 2009 9:13pm
Would rather long the USD elsewhere.

Which means AUDUSD should tank further
  • #3,191
  • Sep 8, 2009 9:14pm Sep 8, 2009 9:14pm
Quoting T55
Aye... forex is always about patience... slow and steady wins the frucking race xD



Yep... planning to long around the low 8400 region where we may see some strong support. I dont look to technicals too much when I trade as I'm more of a fundamentalist. And fundamentally, 8600 is a bit overbought. Also, China's possible bubble crisis may still yet to take into effect so thats one thing to watch out for as well.
Hi T55, 0.8450 got massive strengh i believe so are you expecting bubble burst in chinese equity as the stimulus spending runs out? also the consumers and global demand can not support this rally (over bought)!

http://img37.imagefra.me/img/img37/2...1m_39baa7a.png

the aussie will correct it self so downward pressure is on and already see it through chart
  • #3,192
  • Sep 8, 2009 9:17pm Sep 8, 2009 9:17pm
Quoting ben10
indecisive actions from traders as i see it! take a risk, how may pips can i milk from this narrow range(60 pips) before break out or expansion accured.
wow mamma shes falling fast add more short
  • #3,193
  • Sep 8, 2009 9:20pm Sep 8, 2009 9:20pm
8620 support level is clear ,next 8600
  • #3,194
  • Sep 8, 2009 9:21pm Sep 8, 2009 9:21pm
8600 is clear add more short
  • #3,195
  • Sep 8, 2009 9:26pm Sep 8, 2009 9:26pm
pause abit reduce position keep the best price and move stops to locked the gain
  • #3,196
  • Sep 8, 2009 9:26pm Sep 8, 2009 9:26pm
Havent checked much on China yet.... last I read was stuff about how stimulus money was being used to buy stocks and houses rather than investments into economy such as infrastructure of consumer spending.

And these arent your average joes just doing it, factories, monks etc... were buying up stocks and it was just going up like crazy. People even went into group buys on slum-like properties.

Of course this is being realised, and the government is trying to control this outburst. By taking away stimulus money, people may be able to refocus on spending money properly on recovery, rather than trying to chase the recovery.


The recovery aught to be a marathon...not a sprint. AUD will be stronger in the long term, but the way some of the Chinese are playing it is outrageous at times.

Also, due to China's huge USD reserves, they'd want to dump it quietly. I'm sure you've heard of this already, but I think they've already done so quite a bit, that way they can further put pressure on changing the main currency. Either way, if anyone here has shorted early...just don't panic, AUD is quite reliable with its ranges. Betcha Puks has had a heart attack or two by now xD

Gah hard to analyse stuff on this laptop at uni...cant even log into my broker lol.
  • #3,197
  • Sep 8, 2009 9:36pm Sep 8, 2009 9:36pm
I dont expect any big fall in chinese equities but a fall will probably happen indeed
  • #3,198
  • Sep 8, 2009 9:38pm Sep 8, 2009 9:38pm
Quoting fammira
I dont expect any big fall in chinese equities but a fall will probably happen indeed
do you think it'll bounce back to pre-new release tonight?
  • #3,199
  • Sep 8, 2009 9:38pm Sep 8, 2009 9:38pm
Quoting T55
Havent checked much on China yet.... last I read was stuff about how stimulus money was being used to buy stocks and houses rather than investments into economy such as infrastructure of consumer spending.

And these arent your average joes just doing it, factories, monks etc... were buying up stocks and it was just going up like crazy. People even went into group buys on slum-like properties.

Of course this is being realised, and the government is trying to control this outburst. By taking away stimulus money, people may be able to refocus...
I am fighting this gorilla and hope to bring it down to my profit level at .8400 by Friday. Retail sales down ----> 50 pips down. London and NY will make it 100 pips. Tomorrow's unemployment data down ----> 50 pips in Asian session followed by 50 pips in London/NY session. If that happens, I'll be a happy man by Friday
  • #3,200
  • Sep 8, 2009 9:43pm Sep 8, 2009 9:43pm
she move back down below8600 handle watching....
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