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AUD/USD

  • #2,501
  • Aug 28, 2009 11:17am Aug 28, 2009 11:17am
there you folk the floor (8420)is cracking , dance babe dance
  • #2,502
  • Aug 28, 2009 11:20am Aug 28, 2009 11:20am
Quoting fxgrnwise
Ben10,

You mean you have scalped AUD enough you have the red candle count down?
from my observation usually the move 7 candles on the break out to either site then pause then the move continue not all the time but!
  • #2,503
  • Aug 28, 2009 11:22am Aug 28, 2009 11:22am
Sharp drop of -60 on Dow jones... Mainly due to AIG pulling back, and probably from profit taking.

Hoping theres some good support at 8400
  • #2,504
  • Aug 28, 2009 11:27am Aug 28, 2009 11:27am
Quoting T55
Sharp drop of -60 on Dow jones... Mainly due to AIG pulling back, and probably from profit taking.

Hoping theres some good support at 8400
jump in T55 the party not over yet i believed
  • #2,505
  • Aug 28, 2009 11:30am Aug 28, 2009 11:30am
Thanks Ben10 I'll watch for the 7 candles.
  • #2,506
  • Aug 28, 2009 11:33am Aug 28, 2009 11:33am
move all stops at 8420 and ride the trojan horse
  • #2,507
  • Aug 28, 2009 11:46am Aug 28, 2009 11:46am
Quoting fxgrnwise
Thanks Ben10 I'll watch for the 7 candles.
open your 1 hour chart it exhibit 7 down and 7 up on averages and pause etc! we have 3 red candles down now but please dont follow it blindly ,sometimes after 3 she pause and move back , and dont blame me if you lost
  • #2,508
  • Aug 28, 2009 11:50am Aug 28, 2009 11:50am
5 minute exhibit reversal and im out , very good nite tonite see you all next week i need to go to bed now and have a very good weekend folk.


CIAO!
  • #2,509
  • Aug 28, 2009 11:52am Aug 28, 2009 11:52am
I will look at that thanks, no I won't blame you... just trading micros on AU at this point until I feel more confident.
  • #2,510
  • Aug 28, 2009 12:15pm Aug 28, 2009 12:15pm
Nice 4 hour candle for those shorters out there.

Hi fxgrnwise!

If it plays out (for short term positions), its a nice bearish candle indeed. My Limit Buy is set for 83.25 with a SL at 82.25. I expect AUD/USD to break 85.00 next week. My primary weekly chart is getting set for a very bullish close.
Attached Image
If there is ever any doubt then there is no doubt.
  • #2,511
  • Aug 28, 2009 12:22pm Aug 28, 2009 12:22pm
Weekly chart.
Attached Image
If there is ever any doubt then there is no doubt.
  • #2,512
  • Aug 28, 2009 12:31pm Aug 28, 2009 12:31pm
Quoting puks
Nah, not blindly but just increased by 50%. I either trade big lots for small pips or small lots for big pips.
If there is ever any doubt then there is no doubt.
  • #2,513
  • Aug 28, 2009 12:34pm Aug 28, 2009 12:34pm
Hello Kristo,

So you think its going to break through the 8450 resistance ? Thanks for the heads up will have to watch how it plays out.
  • #2,514
  • Aug 28, 2009 12:41pm Aug 28, 2009 12:41pm
Quoting Kristo
If it plays out (for short term positions), its a nice bearish candle indeed. My Limit Buy is set for 83.25 with a SL at 82.25. I expect AUD/USD to break 85.00 next week. My primary weekly chart is getting set for a very bullish close.
It's funny how different brokers with different timeframes show totally different candles. Your chart is so totally different from my chart.

Here's a quick breakdown of yearly ranges for AUD since 2000. You can see the average yearly range for the last 9 years has been 1,543 pips. For 2009 we have already done 2,229 pips!

September will be very, very, interesting and I've just realised it's a Bank Holiday here in the UK on Monday so there might not be so much end-of-month fireworks.

Attached Image (click to enlarge)
Click to Enlarge Name: AUD YEARLY RANGES.PNG Size: 19 KB
Nothing worth having is easy.
  • #2,515
  • Aug 28, 2009 12:42pm Aug 28, 2009 12:42pm
Hi fxgrnwise,

My charts show a penetration to 84.69 already and in my mind its just a question of breaking and holding. That may take a few days to pan out, but yes, I do believe AUD/USD is going to advance further after a brief retrace. I should say that I am a Position trader, and am patient in that regard.
If there is ever any doubt then there is no doubt.
  • #2,516
  • Aug 28, 2009 12:58pm Aug 28, 2009 12:58pm
Quoting Patience
It's funny how different brokers with different timeframes show totally different candles. Your chart is so totally different from my chart.

Here's a quick breakdown of yearly ranges for AUD since 2000. You can see the average yearly range for the last 9 years has been 1,543 pips. For 2009 we have already done 2,229 pips!

September will be very, very, interesting and I've just realised it's a Bank Holiday here in the UK on Monday so there might not be so much end-of-month fireworks.

Attachment
Hi Patience,

You are spot on.

On a different note (even though I am male) I visit the Female Traders Thread often and enjoy your posts. Its a refreshing and insightful thread.

My thoughts on the AUD/USD at present? Unusually high ATR for Daily and above, the YEN is a significant factor in AUD/USD movement at present, end of (holiday) month volatility is normal, commods are generally bullish across the board, throw in the RBA mooting rate increases in local media and a general historical tendency for the Aussie to stabilise/strengthen towards the end of the third quarter. I am leaning Bullish over the mid term, and by this I mean 4-6 weeks. USD has a tendency to pull strength mid October/November and I am wary of that, but.................time will tell.

I receive 3 seperate feeds for quotes, but generally use Alpari (UK) as my primary broker.
If there is ever any doubt then there is no doubt.
  • #2,517
  • Aug 28, 2009 1:03pm Aug 28, 2009 1:03pm
For short term scalpers, "a nice bearish candle indeed" but watch those upward trendlines carefully.
Attached Image
If there is ever any doubt then there is no doubt.
  • #2,518
  • Aug 28, 2009 1:45pm Aug 28, 2009 1:45pm
The E/U just took a dive. Will the A/U follow?
  • #2,519
  • Aug 28, 2009 5:17pm Aug 28, 2009 5:17pm
Quoting Kristo
On a different note (even though I am male) I visit the Female Traders Thread often and enjoy your posts. Its a refreshing and insightful thread.
Oh, no, you've just blown my cover! I was pretending to be one of the boys today - lol - but thank you kind Sir.

SSI: Retail Range Convictions Growing to Extremes as Likelihood of a Dollar Break Grows
Friday, 28 August 2009 17:37:34 GMT
Written by John Kicklighter, Currency Strategist

Attached Image (click to enlarge)
Click to Enlarge Name: FXCM Sentiment.PNG Size: 52 KB



Intraday Highlight:

NZDUSD - The ratio of long to short positions in the NZDUSD stands at 2.06 as nearly 67% of traders are long. Yesterday, the ratio was at -1.39 as 58% of open positions were short. In detail, long positions are 188.0% higher than yesterday and 154.5% stronger since last week. Short positions are 0.4% higher than yesterday and 16.7% stronger since last week. Open interest is 78.8% stronger than yesterday and 75.4% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.

What's up with this NZD bullishness? Unbelievable. And can somebody give the SNB a nudge and tell them that the retail forex world is waiting for them to intervene - lol

Well, we couldn't successfully break and hold under the 77.98 level on the USDX chart today (again) and we are back to the oh, so, familiar 78.30 level (again). Boring ....

Attached Image (click to enlarge)
Click to Enlarge Name: USDX-4HOUR-28AUG3.PNG Size: 70 KB


AUD weekly candle looks in good shape though and monthly still green. If we close above 83.58 on Monday, the monthly candle will stay green.

Good trades
Nothing worth having is easy.
  • #2,520
  • Aug 28, 2009 9:45pm Aug 28, 2009 9:45pm
Alert: Rumor in high circles in china , china will sell down their stock market in early october chinese golden week if this happens usd will sky rocket...

Put a note in your diary...
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