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AUD/USD

  • #5,541
  • Oct 6, 2009 4:47am Oct 6, 2009 4:47am
AUD is becoming a bigger player as the Australian economy's trend is Growth, furthermore, the central bank announced that there is no need of such a low interest rate anymore...
  • #5,542
  • Oct 6, 2009 4:48am Oct 6, 2009 4:48am
Patience,
do you mind send me via email ChartStation?. PLEASE
/[email protected]/
thank you








Quoting Patience
Good morning

USDX 4 Hour

Attachment


Bank of Scotland Daily Market Strategy

Attachment

Good trades

.
  • #5,543
  • Oct 6, 2009 4:53am Oct 6, 2009 4:53am
Gold has just topped last weeks high of 1024.
If there is ever any doubt then there is no doubt.
  • #5,544
  • Oct 6, 2009 4:53am Oct 6, 2009 4:53am
long aud 8867 and gold is spikng up
also long xau 1020.49
  • #5,545
  • Oct 6, 2009 4:58am Oct 6, 2009 4:58am
Australia unexpectedly raised interest rates, the first G20 nation to do so since the recession began, demonstrating its faith that the Australian economy has successfully turned the corner. The Aussie dollar rallied against all 16 of the most traded currencies. Continue to buy Aussie dollars.
  • #5,546
  • Oct 6, 2009 4:58am Oct 6, 2009 4:58am
Quoting G_Man
so what's the plan?

buying or selling?

are you holding any poisition atm?
I'm not selling until I see a confirmed reversal even if I have time to have a scalp.

We've got a 76.4% monthly fib at around 0.8934 - could aim for that or not. If anything, I'll probably scalp long.

Unfortunately I closed my gold longs waaaayyy too early yesterday and I've still got soldiers in the 0.8400 area that I got sucked into but I can trade both ways in the account and I'm fairly well capitalised so I'm not worried about them.

Until something else comes into play i.e. indices/gold going down I'm not shorting. I can't see the Fed wanting an indice meltdown and because they can't naked short sell anymore in the US I'm thinking that is helping a lot as well. Goldman also issued a recommendation yesterday to buy large banks and we all know who's pocket Goldman are in
Nothing worth having is easy.
  • #5,547
  • Oct 6, 2009 4:58am Oct 6, 2009 4:58am
Quoting blue_z_zz
first target 9050-9087 and maybe coming weeks we might mid 93
93?????????

not a chance....

RBA will intervene long before that.

although i m long i dont see much upside after 89.70-90.
  • #5,548
  • Oct 6, 2009 5:09am Oct 6, 2009 5:09am
1026 gold
its moving
  • #5,549
  • Oct 6, 2009 5:12am Oct 6, 2009 5:12am
Quoting G_Man
so what's the plan?

buying or selling?

are you holding any poisition atm?

Can I kindly ask what your signals/reasons are for shorting? Are you scalping or position trading?
Nothing worth having is easy.
  • #5,550
  • Oct 6, 2009 5:13am Oct 6, 2009 5:13am
Quoting puks
93?????????

not a chance....

RBA will intervene long before that.

although i m long i dont see much upside after 89.70-90.
im not pridicting the 93 im saying that aud is looking for a top and i would not be surpised to see it up their for me i have my traget @mid 89 to low 90 and we will see what happens next
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,551
  • Oct 6, 2009 5:20am Oct 6, 2009 5:20am
after it penetarted the top 5 hours ago its holdin its gound 4 hourly candles now and the 5th candle is on the way thats quite good so i think we will see the move in the us session and as the stat provided by mr. patience aud average weekly movment is around 250 to 300 pips
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,552
  • Oct 6, 2009 5:23am Oct 6, 2009 5:23am
Quoting firebird75
Patience,
do you mind send me via email ChartStation?. PLEASE
/[email protected]/
thank you
Sorry, missed your post the first time around. It's Netdania.com. USDX chart is delayed by about half an hour though but if you have MT4 you can run this thingy on your chart so you can get the latest value.

Attached File(s)
File Type: ex4 USDX.ex4   3 KB | 258 downloads
Nothing worth having is easy.
  • #5,553
  • Oct 6, 2009 5:23am Oct 6, 2009 5:23am
Quoting blue_z_zz
watch out on gold if it goes through 1025 then it might go and search for a new high
just a reminder gold is flirting with 1025 watch out if it breaks
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,554
  • Oct 6, 2009 5:29am Oct 6, 2009 5:29am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Patience
Can I kindly ask what your signals/reasons are for shorting? Are you scalping or position trading?
i dont do scalping and i dont do SL so at this stage the only option i have is keep on adding more so i can have a better position ...

timing have to be accurate though ...
  • #5,555
  • Oct 6, 2009 5:32am Oct 6, 2009 5:32am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting blue_z_zz
just a reminder gold is flirting with 1025 watch out if it breaks
guys ...

i dont see AUD entertaining the gold anymore ... its not moving as much as it was previously with gold ...

what does that tells you?
  • #5,556
  • Oct 6, 2009 5:41am Oct 6, 2009 5:41am
Quoting G_Man
guys ...

i dont see AUD entertaining the gold anymore ... its not moving as much as it was previously with gold ...

what does that tells you?
aud correlates more with s&p but even has a positive correlation with gold as i read some were around 60% i think from one of the RBS reports provided by mr.patiance
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,557
  • Oct 6, 2009 6:13am Oct 6, 2009 6:13am
Quoting G_Man
guys ...

i dont see AUD entertaining the gold anymore ... its not moving as much as it was previously with gold ...

what does that tells you?
hey mate,

At what stage would you consider going long?
  • #5,558
  • Oct 6, 2009 6:14am Oct 6, 2009 6:14am
Quoting puks
hey mate,

At what stage would you consider going long?
loool way looking for sentement change
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,559
  • Oct 6, 2009 6:17am Oct 6, 2009 6:17am
Quoting G_Man
i dont do scalping and i dont do SL so at this stage the only option i have is keep on adding more so i can have a better position ...

timing have to be accurate though ...
I thought you were a position trader. We could get a bounce here as USDX 1 hour is quite oversold but I don't rely on RSI and the daily range has been around 120 pips. Also we've got the oil states now saying that there hasn't been talk of replacing the US$.

Attached Image (click to enlarge)
Click to Enlarge Name: USDX-1HOUR-6OCT.PNG Size: 84 KB
Nothing worth having is easy.
  • #5,560
  • Oct 6, 2009 6:20am Oct 6, 2009 6:20am
Quoting Patience
I thought you were a position trader. We could get a bounce here as USDX 1 hour is quite oversold but I don't rely on RSI and the daily range has been around 120 pips. Also we've got the oil states now saying that there hasn't been talk of replacing the US$.

Attachment
patience dont you see it as a bearish flag paussing before the down move?
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
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