Aussie Pairs

look likes AU is going up..
i take long position TP at 0.8461

I think AJ might recapture the 97.00 area where it initially went to after the dip to 87 but then fall back for a correction and then to the moon at 110.00

110 would mean A/U levels also above their highs of 8870 (reasonable) and U/J levels back to +120 (or comparable levels in the carry pairs). We have a long way to go with A/J still below the 50 fib, but I'm sure it's only a matter of time.

Sell AUDUSD 2lots @ .8193
TP 1 lot @ .8144
TP remaining 1 lot @ .8120
SL Open

good trades for short. I don't like trading against the trend, cost me to much in the past so will be out until i see a better opertunity. best of luck.

with regards the hi's KGB, i see them up there. IMO i think people are still unsure of the carry trades dues to the madness in the market, give it to the end of the month for people to figure out whats going on and the carries will go mad. I will be long (i hope)

just need to break the converging TL, they should be cleared sometime next week with lows before then of 8050.

don't trade this, i still have issues about my own views.

KGB,

I believe the carry pairs will start decoupling from U/J.

OOzie's trading range for today:

Possible High: 8283
Possible Low: 8157

Its not unfeasable to have AUDUSD at 88-90c and AUDJPY at 100.

This would put Yen at around 112.

Fundamentally the tightening bias is going to stay for Aussie for sometime yet

I'm bullish on all Aud pairs, particularly Aud/Cad and Aud/Jpy. I'm giving this some room to drop.

I am as well, but this complete decoupling of A/U from E/U and G/U that we're seeing today is awfully strange..

blown all my theories, bust my TL, broke through a 50%fib and now down. Sl on long taken out.

crazy day

short on GJ still good though

Test of 90 to come imvho

Does anyone think that tomorrow’s release of RBA Annual Report will have much impact on the AUD? I don’t think there will be to many surprises but would like to here from what you guys think.

Hi All
My 2 pips for today, it looks like a good clear break of the desending TL and a nice candle formed over the 50%fib. i will now wait for the retracement back to .8300 fro entry with my 1st TP at 8400, at which point i will either TP or add another long. can't decide.

I just put a limit order on for 0.8360, S/L 0.8170, T/P 0.8590.
Lets see if it hits this in the next 24 hours.

why 8360? just like to know your thought behind the trades.

I've been long for a week from 82.... still waiting for the big ride to 90 !!!!!, gotta be in it to win it .... And yet another sunny day in paradise here.

was long at 8200 and 8300 previously both SL hit for a loss (premiture trades). then had a few days of and now waiting for the retrace to 8300 to get back in.

And now your days get longer while ours here in the northern hemisphere get shorter, lucky bastards

The day closed at 0.8349, so I added my spread of 2 pips and then rounded up to the nearest 10. I wanted the price to decisively clear the previous days high because I believe this will mean it has enough momentum to keep moving. Occasionally a bar new bar will move one or two pips beyond the previous and then retrace, which would be pretty bad. This doesn't happen often but when it does it is often a losing trade. Round numbers are also nice pshycological things to use, I don't believe they should make a difference but others do...
The stop loss is below the low of the daily bar for 9th of September which was the last bar to have a lower low and lower high and signalled the start of this trend.
I see resistance starting to build at 0.8608 so I'll take profit at least 10 pips short of that, ie 0.8590. Again, this is short of the phsycoligial barrier of 0.8600.

One thing that needs to be understood is that I enter with three contracts of equal value and only two have a take profit. The third I will let run for as long as the trend allows, raising the stop loss when new resistance is confirmed. My mentor contends that having two different ways of taking profits gives better return over the long term (he's been at it for 25 plus years).

The green circles show repeated attempts to go long here, the last one tried hard to push through but was ultimately defeated and started a short trend down. The red circles are where resistance shown some strength after. I was waiting for the white circle to be pushed through to start my trade. If the price retraces now, then this will be foming a new resistance line and there may be short opertunities for this pair.

IMHO of course.