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AUD/USD

  • #4,641
  • Sep 28, 2009 11:33am Sep 28, 2009 11:33am
Quoting thadakman
Very likely; could get a nice pullback to 0.8700 at least by the Asian or Euro session tonight. Just have to see what the Dow does tuesday and wednesday in order to bring this to new highs or sink it.
agree, I just dont want to have any open position till Thurseday, Friday NFP is due and I hate that News
  • #4,642
  • Sep 28, 2009 11:34am Sep 28, 2009 11:34am
so hanging around 0.8748 huh, if break whats next 0.8794
  • #4,643
  • Sep 28, 2009 11:37am Sep 28, 2009 11:37am
Quoting ben10
so hanging around 0.8748 huh, if break whats next 0.8794
Hi Ben10
Why ? you dont think it can break into a new high?
  • #4,644
  • Sep 28, 2009 11:40am Sep 28, 2009 11:40am
Quoting shahab8b
agree, I just dont want to have any open position till Thurseday, Friday NFP is due and I hate that News
I'm looking to short AUD if we get an inital spike higher; that way it'll at least limit my risk if it keeps running... at the same time; my general bias is that this pair is due for a nice correction, so I plan to hold a little longer if need be anyway... no fear in this trade whatsoever.
  • #4,645
  • Sep 28, 2009 11:43am Sep 28, 2009 11:43am
loading short she not climb above 8747
  • #4,646
  • Sep 28, 2009 11:46am Sep 28, 2009 11:46am
Quoting thadakman
I'm looking to short AUD if we get an inital spike higher; that way it'll at least limit my risk if it keeps running... at the same time; my general bias is that this pair is due for a nice correction, so I plan to hold a little longer if need be anyway... no fear in this trade whatsoever.
I agree for downside, not just a correction but a mid-term reversal,
I just cant feel it right without a new nigh around .89-.90 , My estimation is a top near .89-.90
if you have enough ammo to add short at .88-89/.90 without any problem that would be a reasonable one,
  • #4,647
  • Sep 28, 2009 11:49am Sep 28, 2009 11:49am
Quoting shahab8b
Hi Ben10
Why ? you dont think it can break into a new high?
it can break to any price but what i found interesting it seems hang around with the price level i mentioned such as:

0.8747

0.8718

0.8706
  • #4,648
  • Sep 28, 2009 11:49am Sep 28, 2009 11:49am
If this pair does not happen to break to new highs, we have a nice head and shoulder patter on the 4 hour chart; 2 very high shoulders, but the pattern would still be there (although, it looks more like a triple top)! Going with the head and shoulders pattern, with the 0.8590ish neckline, we can expect a breakdown to around 0.8400; which is pretty much what I think everyone is waiting for.
  • #4,649
  • Sep 28, 2009 11:49am Sep 28, 2009 11:49am
Quoting Kristo
The underside of the trendline held up well. I have added another short at 86.57 with my first target still at 85.55.
Hi Kristo,
I wish I had your patience , you were 400+ pips in profit and you were just waiting for your TP, that's what they call it dicipline
  • #4,650
  • Sep 28, 2009 11:53am Sep 28, 2009 11:53am
watch out she gonna move down
  • #4,651
  • Sep 28, 2009 11:58am Sep 28, 2009 11:58am
Quoting ben10
watch out she gonna move down
http://img38.imagefra.me/img/img38/2...pm_347ebb9.png
  • #4,652
  • Sep 28, 2009 12:01pm Sep 28, 2009 12:01pm
x 6 at the top! profit locked now riding
  • #4,653
  • Sep 28, 2009 12:06pm Sep 28, 2009 12:06pm
if she can break 8718 thats good but i dont have to worry if she break above 8747 and hit 8794
  • #4,654
  • Sep 28, 2009 12:09pm Sep 28, 2009 12:09pm
you are in the money Thadakman ! she fall below 8730
  • #4,655
  • Sep 28, 2009 12:10pm Sep 28, 2009 12:10pm
Unfortunately this thing isnt fallling like its Euro sister.

Hopefully we'll break 8700 soon
  • #4,656
  • Sep 28, 2009 12:14pm Sep 28, 2009 12:14pm
Quoting ben10
you are in the money Thadakman ! she fall below 8730
Yeah, I'll look for 50-100 pips on this entry... I do not mind a break out to the topside though, as I'll be able to profit more on this trade overall... I always start with small positions and then scale in, so I usually make more if the move goes against me initially... there are always those times where you just gotta cut the plug though and take the loss... but unless we break 0.9000 I'll remain fearless.
  • #4,657
  • Sep 28, 2009 12:16pm Sep 28, 2009 12:16pm
im not gonna happy if the stop hit! 7830 is resistance now

http://img38.imagefra.me/img/img38/2...im_7154120.png

see you all at asian session, Ciao!
  • #4,658
  • Sep 28, 2009 12:18pm Sep 28, 2009 12:18pm
Quoting ben10
see you all at asian session, Ciao!
Have you looked at that daily candle My soldiers in the 0.8400 area are nearly dead ...
Nothing worth having is easy.
  • #4,659
  • Sep 28, 2009 12:21pm Sep 28, 2009 12:21pm
Quoting Patience
Have you looked at that daily candle My soldiers in the 0.8400 area are nearly dead ...
What are you seeing exactly? and predicting?
  • #4,660
  • Sep 28, 2009 12:32pm Sep 28, 2009 12:32pm
Quoting thadakman
What are you seeing exactly? and predicting?
Well the daily candle is not bearish and on my 4 hour chart PA is back above my 34 EMA, well above my 200 MA and also above my daily, weekly and monthly pivots. My indicators aren't looking very bearish either. Nice pin bar as well a few candles back.

Attached Image (click to enlarge)
Click to Enlarge Name: aud-4hour1.gif Size: 18 KB


I thought that it might have been coming down last night but the last two Mondays PA has tended to turn around in the US session and it has done it again.

RBA Stevens comments were fairly hawkish as well today (well I thought so). Everyone keeps talking about an indice meltdown and it's just not happening - well not yet ...
Nothing worth having is easy.
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