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AUD/USD

Quoting egkid
Well ....GL bro I'm sure you have good reason on your view!!
it's a short-term trade (150 pips), i can always sell below .70
i may need the luck. lol.
I see the aud at 8750 and the euro at 1.3810 in the next 24 hours. DX bottomed perfectly last night in the end giving great shorts on both currencies. If we do head down though I suspect NFP will drive the market back up.
Quoting Clouds
it's a short-term trade (150 pips), i can always sell below .70
i may need the luck. lol.
Dont' try to pick up the bottom (Hope you didn't forgot that)I always see you as experience trader
Quoting amyc
I see the aud at 8750 and the euro at 1.3810 in the next 24 hours. DX bottomed perfectly last night in the end giving great shorts on both currencies. If we do head down though I suspect NFP will drive the market back up.
Are you forgetting that Retail Sales are due at 11:30 ? which IMHO should drive up the AUD
Quoting Daytrader74
Are you forgetting that Retail Sales are due at 11:30 ? which IMHO should drive up the AUD
If it drives it back up then i will sell more
Quoting egkid
Dont' try to pick up the bottom (Hope you didn't forgot that)I always see you as experience trader
here's why i am trying it
Attached Image
Quoting Clouds
here's why i am trying it
Attachment
OK
Have you checked last news
Unemployment Rate previous 6.5% and now 7.3%

Hope you don't mind some music guys
Inserted Video
Quoting egkid
OK
Have you checked last news
Unemployment Rate previous 6.5% and now 7.3%

Hope you don't mind some music guys
http://www.youtube.com/watch?v=m3MHp...layer_embedded
yes, and the news brought it down.. but the market seems a bit rangy right now, let's see
Quoting Daytrader74
Anyone else long AUD at the current levels ?
Waiting for Retail Sales to come out.

Almost got burned on this pair earlier this week but came out OK. This pair has been kind to me lately--don't want to push it.
Quoting Daytrader74
Anyone else long AUD at the current levels ?
I'm long @ .88xx, waiting for it to retrace up to .91xx
Are you waiting or hoping because all charts point downards.

just my 2 pips.

IMHO, it's only a matter of time befroe we see 86xx



Quoting Search1ng
I'm long @ .88xx, waiting for it to retrace up to .91xx
Quoting puks
Are you waiting or hoping because all charts point downards.

just my 2 pips.

IMHO, it's only a matter of time befroe we see 86xx
That depends on your TF and how many pips your after , as for me I trade very short term in and out same day most of the time and a few times in the same day...I usually look for anything from 10pips to 100pips per trade.
Quoting puks
Are you waiting or hoping because all charts point downards.

just my 2 pips.

IMHO, it's only a matter of time befroe we see 86xx
hi mate,
do you have any clue about the news- building, retail sales? +/-?
Source: FX360 , this is not my idea

Potential Strategy
Buy AUD/USD at 0.8749. Stop at 0.8712. Profit targets at 0.8805, 0.8847

Reason for Strategy
A bullish butterfly pattern is forming on the AUD/USD 1hr Chart. So far the pattern is moving with good symmetry in both price and time. There is a significant low circled on the Weekly Chart that could help for a double bottom after entering the trade as well.
Trade Invalidation
A move above 0.88887 before reaching point D would cancel the trade. Additionally, a move below 0.8712 would stop the trade out. Additional long bars in the CD leg near the entry would also invalidate this trade. Also, if the pattern comes within 10 pips of hitting the entry, does not enter, and reaches T1, the trade is also invalidated
Attached Image
it doesn't 'have' to go down, maybe 1 more time to .93?
Attached Image
Quoting puks
Are you waiting or hoping because all charts point downards.

just my 2 pips.

IMHO, it's only a matter of time befroe we see 86xx
Puks, Just wondering about your thought process on why you are so sure! I'm not agreeing or disagreeing. I think if we do break below .8880 then down we go but if it doesn't break then possible reversal in trend. Just looking for any thoughts!!
If it does drop, what about 0.8733 as an Long entry, if it starts leveling off at that point?
Quoting shahab8b
Source: FX360 , this is not my idea

Potential Strategy
Buy AUD/USD at 0.8749. Stop at 0.8712. Profit targets at 0.8805, 0.8847

Reason for Strategy
A bullish butterfly pattern is forming on the AUD/USD 1hr Chart. So far the pattern is moving with good symmetry in both price and time. There is a significant low circled on the Weekly Chart that could help for a double bottom after entering the trade as well.
Trade Invalidation
A move above 0.88887 before reaching point...

I think that this trade has some good probability of playing out. I am looking for us to go to 8750 in London or NY session on Thursday but then unless we break that before NFP there is a high probability that we go up from there. Reason being there are no examples in the past where NFP trades outside the ranges as shown below 8750-9081. If its near the lows it goes up, if its near the highs it goes down always. But there is a first time for everything. If we are up around 89 before NFP then it could go anywhere. Just my 2c's
Attached Image (click to enlarge)
Click to Enlarge Name: aud.GIF Size: 16 KB
Quoting Clouds
it doesn't 'have' to go down, maybe 1 more time to .93?
Attachment
I like the chart Clouds. However,I feel that we are in for a slow bleed with AUD. I'm doing my daily forcast and will char it with you guys when I get it done. But from just stepping back and looking at AUD fundamentally compared to the US, I don;t see .93 anytime soon.
Quoting shahab8b
hi mate,
do you have any clue about the news- building, retail sales? +/-?
Dec was a quiet month anyway. Most of council workers, townplaners normally take most of Dec off and not much gets done past 17th. Considering that these figures due to be released are for dec, I think the approval will be down, but retail sales may be higher as many retailers go for it before christmas.
Find a job that you love and you dont have to work again in your life.
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