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AUD/USD

  • #3,641
  • Sep 15, 2009 11:20pm Sep 15, 2009 11:20pm
Quoting puks
God, please bless US and US$$
Well, someone needs to bless it because the man who caused this crisis is sticking the boot in as well.

16 Sep 04:46:30 FORMER FED CHAIRMAN GREENSPAN SAYS US NATIONAL DEBT IS AT "VERY DANGEROUS" LEVEL

16 Sep 04:49:06 GREENSPAN: Surge in bond issuance will hurt the US Dollar

To see more headlines click http://forexstream.dailyfx.com/
Nothing worth having is easy.
  • #3,642
  • Sep 15, 2009 11:23pm Sep 15, 2009 11:23pm
Profit taken at 0.8660 for a gain of +20 pips.
  • #3,643
  • Edited 12:41am Sep 16, 2009 12:14am | Edited 12:41am
Quoting puks
Just to let you know I don't have any nails left watching this pari go up.

I am really under pressure and can't afford to a) watch this pair go up to .87 b) add more money to my account.

God, please bless US and US$$
puks, I understand your situation but please note that in the future you have to learn not to put yourself in such a case, you can avoid it by using stop loss or a planned heding strategy

to me, it still seems that we are poised to go down significatively from current levels

market is testing patience, we have to be strong and learn from our mistakes
  • #3,644
  • Sep 16, 2009 1:05am Sep 16, 2009 1:05am
Golds rocketing to new highs right now... AUD is close to reaching it's high for the year... be interesting to see what happens; we need some (bad) news to take it back under 0.8600 soon though.
  • #3,645
  • Sep 16, 2009 1:19am Sep 16, 2009 1:19am
Quoting thadakman
Golds rocketing to new highs right now... AUD is close to reaching it's high for the year... be interesting to see what happens; we need some (bad) news to take it back under 0.8600 soon though.
we don't need any news, market is creating bull sentiment to go against it soon
  • #3,646
  • Sep 16, 2009 2:03am Sep 16, 2009 2:03am
Triple top on the AUD or does it break to new highs?
  • #3,647
  • Sep 16, 2009 2:10am Sep 16, 2009 2:10am
Quoting thadakman
Triple top on the AUD or does it break to new highs?

Probably will along with Euro. Might gain momentum if Dow Jones carries up higher.

Might have to increase my short positions.
  • #3,648
  • Sep 16, 2009 2:14am Sep 16, 2009 2:14am
With gold currently at 1017.40
  • #3,649
  • Sep 16, 2009 2:42am Sep 16, 2009 2:42am
I can't imagine that it will go any higher without retracing to the 0.80 area first.
  • #3,650
  • Sep 16, 2009 3:02am Sep 16, 2009 3:02am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Pirin
I can't imagine that it will go any higher without retracing to the 0.80 area first.

just added more at 8708 ... 8th player down ... bring it on ... more to come ...

live like a winner ... die like a winner ...
  • #3,651
  • Sep 16, 2009 3:26am Sep 16, 2009 3:26am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting G_Man
just added more at 8708 ... 8th player down ... bring it on ... more to come ...

live like a winner ... die like a winner ...
i dont wannna know if she is going up and down ... i just wannna know what is the next resitance level?

c'mon guys ... lets deal with this together ...
  • #3,652
  • Sep 16, 2009 3:52am Sep 16, 2009 3:52am
ok will now try a couple of troops short on eachof AU and EUR / USD.

lets see where they go.
  • #3,653
  • Sep 16, 2009 4:14am Sep 16, 2009 4:14am
here the nice picture eurusd and audusd compare to usd index
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd index.gif Size: 29 KB
Click to Enlarge Name: usdi.gif Size: 30 KB
  • #3,654
  • Sep 16, 2009 4:17am Sep 16, 2009 4:17am
Quoting G_Man
i dont wannna know if she is going up and down ... i just wannna know what is the next resitance level?

c'mon guys ... lets deal with this together ...
I see 0,8756 (18 August high)

but the break of 0,87 is a false break and I expect it to go below during US session
  • #3,655
  • Sep 16, 2009 4:25am Sep 16, 2009 4:25am
Quoting fammira
I see 0,8756 (18 August high)

but the break of 0,87 is a false break and I expect it to go below during US session

Now guys, PLEASE help me out here. I am relatively new to this jargon compared to you experienced ppl out there.

Should I close all my positions and take the loss or wait for more time and risk getting liquidated?

PLEASE HELP.

thanks
  • #3,656
  • Sep 16, 2009 4:27am Sep 16, 2009 4:27am
based on your experienced, is this move common or quite normal?

Is is normal for a rally to keep going without retracing?

thanks
  • #3,657
  • Sep 16, 2009 4:39am Sep 16, 2009 4:39am
Quoting puks
based on your experienced, is this move common or quite normal?

Is is normal for a rally to keep going without retracing?

thanks

long time reader first time poster,

I'm also in a similar position
about 35kAUD in the red. No one can answer this question as this move is totally unexpected, just like when AU/USD went from the .60s to the .70s without a decent retrace. You won't find the right answer here, you might find comfort from words of other traders but no one "knows" what it will do as we are all just CFD traders and the big boys are the people driving. Only advice I can give is for you to hedge, if it isnt too late already. GOLD is directly correlated to USD dollar value. This is what I'm doing and I hope I pull out of this without a margin call.
  • #3,658
  • Edited 5:21am Sep 16, 2009 4:55am | Edited 5:21am
Quoting puks
Now guys, PLEASE help me out here. I am relatively new to this jargon compared to you experienced ppl out there.

Should I close all my positions and take the loss or wait for more time and risk getting liquidated?

PLEASE HELP.

thanks
what is your average position?

looking at the medium term, do you reasonably think there's more upside than downside??

also, please remember that forex market rarely shows levels, and create bullish or bearish market sentiment so that traders buy high and sell low, and then goes against that sentiment
guess who are the ones that lose?

since high and low are relative concepts in a market, we have to use a strategy to face swings, stop losses and hegding often block potential gains but allow us to minimize the risk

you have to decide, but if me, if my position was not far from 0,84 - 0,85, I would keep without any fear
you will be able to realize how market is able to make quick moves against the sentiment created after testing patience...

Nevertheless is a fact that strong commodities are supporting the aussie in these two weeks, but a remarkable retrace of the markets seems to be on the cards
  • #3,659
  • Sep 16, 2009 5:23am Sep 16, 2009 5:23am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting fammira
I see 0,8756 (18 August high)

but the break of 0,87 is a false break and I expect it to go below during US session

thanks fammira ...
  • #3,660
  • Sep 16, 2009 5:27am Sep 16, 2009 5:27am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Fogtrader
long time reader first time poster,

I'm also in a similar position
about 35kAUD in the red. No one can answer this question as this move is totally unexpected, just like when AU/USD went from the .60s to the .70s without a decent retrace. You won't find the right answer here, you might find comfort from words of other traders but no one "knows" what it will do as we are all just CFD traders and the big boys are the people driving. Only advice I can give is for you to hedge, if it isnt too late already. GOLD is directly correlated to USD dollar...

very good Fogtrader, well done ...

you are doing exactly what an experience trader would do ...

keep it up ... and very soon we'll get to the bottom of it ...
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