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AUD/USD

  • #32,221
  • Aug 10, 2011 4:26pm Aug 10, 2011 4:26pm
Quoting VennD
another .....

... 3hrs 40mins - Business NZ PMI.
This result is more than terrible ...

54.3 ---> 5.21
  • #32,222
  • Aug 10, 2011 4:27pm Aug 10, 2011 4:27pm
Quoting VennD
This result is more than terrible ...

54.3 ---> 5.21
Hmmm... wonder if nows still a time to get in short, what you think Venn?
  • #32,223
  • Edited 4:44pm Aug 10, 2011 4:36pm | Edited 4:44pm
Quoting Jazznos
Hmmm... wonder if nows still a time to get in short, what you think Venn?
Enter short only at rejected Resistances ... unless ... ur very sure in other possibilities. At these levels ... AU is looking for buyers ..
  • #32,224
  • Aug 10, 2011 4:42pm Aug 10, 2011 4:42pm
Quoting VennD
Enter short only at rejected Resistances ... unless ... ur very sure at other possibilities.
I went in but bailed out a little later after a small loss... I wasnt gonna trade today and that entry was really undisciplined and little more than fear of missing out. I dont know what the news will be but i doubt it will be really bad, so seems long may be a better chance but who knows...
  • #32,225
  • Aug 10, 2011 5:16pm Aug 10, 2011 5:16pm
If u wish to enter short ... let it go up , first , coz there might be buyers below the 150 . ... and in 1.5 hrs later when that data release ... with verification by your technicals ... only then u decide .

The first two data are of high impact ... if materialize ... we can go shopping below the parity.

Consensus
----------
1) Aust's Unemployment Rate / 4.9% ---> 4.9% (maintain).

2) Aust's Employment Change expected to decrease / 23.4k ---> 10.3k

3) Aust's Consumer Inflation Expectation / 3.4% / No Consensus.
  • #32,226
  • Aug 10, 2011 6:19pm Aug 10, 2011 6:19pm
Quoting VennD
If u wish to enter short ... let it go up , first , coz there might be buyers below the 150 . ... and in 1.5 hrs later when that data release ... with verification by your technicals ... only then u decide .

The first two data are of high impact ... if materialize ... we can go shopping below the parity.

Consensus
----------
1) Aust's Unemployment Rate / 4.9% ---> 4.9% (maintain).

2) Aust's Employment Change expected to decrease / 23.4k ---> 10.3k

3) Aust's Consumer Inflation Expectation / 3.4% / No Consensus.

Hello VennD

What is the latest analysis? any advise?
  • #32,227
  • Aug 10, 2011 6:34pm Aug 10, 2011 6:34pm
Quoting Australia1
Hello VennD

What is the latest analysis? any advise?
Down Down baby
  • #32,228
  • Aug 10, 2011 6:41pm Aug 10, 2011 6:41pm
missed the initial action, shorting now from 1.0156 until parity
  • #32,229
  • Aug 10, 2011 6:43pm Aug 10, 2011 6:43pm
Really bad employment data..will see if it can retest parity (I'm just short at 1.0150 /sl : 1.0250 ,tp : 1.000 )..

Good luck !!
  • #32,230
  • Aug 10, 2011 6:55pm Aug 10, 2011 6:55pm
OUCH...
Attached Image
  • #32,231
  • Aug 10, 2011 6:55pm Aug 10, 2011 6:55pm
With that number you would have expected the AUD testing 1.0000 by now.. but its paired all its losses and now 1.02 looking for 1.03

This is why in these market conditions its advisable to reduce position size and keep yourself in the play.. Its a lottery out there !!
  • #32,232
  • Aug 10, 2011 6:55pm Aug 10, 2011 6:55pm
Caught it on the bottom for a quick long
  • #32,233
  • Aug 10, 2011 6:56pm Aug 10, 2011 6:56pm
How is it possible to have this big of a impulsive move up?
  • #32,234
  • Aug 10, 2011 6:56pm Aug 10, 2011 6:56pm
.. looks like the market beat what I think will be the reaction to the bad news.. almost hit my sl at 1.0250..(maybe the aussie is really already too cheap ).. any idea why the price move south ?
  • #32,235
  • Aug 10, 2011 6:59pm Aug 10, 2011 6:59pm
Quoting andri66
.. looks like the market beat what I think will be the reaction to the bad news.. almost hit my sl at 1.0250..(maybe the aussie is really already too cheap ).. any idea why the price move south ?
Sticker shock on the employment data..
  • #32,236
  • Aug 10, 2011 6:59pm Aug 10, 2011 6:59pm
Despite worst than expected data, its back to previous before the spike down
  • #32,237
  • Aug 10, 2011 7:02pm Aug 10, 2011 7:02pm
I think AU will touch parity today
  • #32,238
  • Aug 10, 2011 7:04pm Aug 10, 2011 7:04pm
stopped out at 1.0220

just a move to take out stops?
  • #32,239
  • Aug 10, 2011 7:04pm Aug 10, 2011 7:04pm
Quoting andri66
.. looks like the market beat what I think will be the reaction to the bad news.. almost hit my sl at 1.0250..(maybe the aussie is really already too cheap ).. any idea why the price move south ?
Short SL eater, maybe...?
  • #32,240
  • Aug 10, 2011 7:09pm Aug 10, 2011 7:09pm
may be it touched stop losses of the buyers
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