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AUD/USD

  • #6,441
  • Oct 12, 2009 8:30pm Oct 12, 2009 8:30pm
9061 enter short
  • #6,442
  • Oct 12, 2009 8:31pm Oct 12, 2009 8:31pm
Quoting thadakman
Interesting story from FX360.com ...

Watching for the Ultimate Contrarian Indicator
Bloomberg and CNBC have been talking about the U.S. dollar throughout the trading day while the Financial Times carried a prominent story in today’s paper about The Case for a Weaker Dollar. Time Magazine also published an online story about Why Investors Should Bet against the Dollar which indicates that its sharp depreciation has already caught the attention of nonfinancial media. At this point, we are watching for the ultimate contrarian indicator, which...
Good article and thanks for sharing it. What currency pairs do you suggest for best outcome? JPY,AUD,GBP or Euro against the USD
Find a job that you love and you dont have to work again in your life.
  • #6,443
  • Oct 12, 2009 8:32pm Oct 12, 2009 8:32pm
immediate resistance at 9080 and 9095 on 5 minute
  • #6,444
  • Oct 12, 2009 8:36pm Oct 12, 2009 8:36pm
For what it is worth this out before on FX Forex Stream.....UBS "skeptical" about US $ weakness going forward, looking for EU/US @1.40 AU/US @ 0.80 NZ/US @ 0.65 in coming 3 months.
  • #6,445
  • Oct 12, 2009 9:28pm Oct 12, 2009 9:28pm
the stop is thin as the size is large

http://img01.imagefra.me/img/img01/2...fm_b58954a.png
  • #6,446
  • Oct 12, 2009 9:31pm Oct 12, 2009 9:31pm
the idea is when the 9050 penetrate and breakdown below it im hopefully already deep in the money as if!!
  • #6,447
  • Oct 12, 2009 9:41pm Oct 12, 2009 9:41pm
Quoting G_Man
sorry mate, i disagree ... thats not the correction ...

correction is lot more than 10 pips ...

its hard to do any prediction as US and CAD is closed today ...

we'll have to wait till tomorrow ...

i doubt that it will break 9110 without a drop back to 8780 area ...

lets see ..
Well.....

I missed the entry last night. I dont see this pair dipping below 90 anytime this week :-(
  • #6,448
  • Oct 12, 2009 9:42pm Oct 12, 2009 9:42pm
stop taken and rewind

http://img38.imagefra.me/img/img38/2...cm_122e7d8.png
  • #6,449
  • Oct 12, 2009 9:43pm Oct 12, 2009 9:43pm
Quoting puks
Well.....

I missed the entry last night. I dont see this pair dipping below 90 anytime this week :-(
afternoon Puks?
  • #6,450
  • Oct 12, 2009 9:51pm Oct 12, 2009 9:51pm
Quoting tradoholic
Good article and thanks for sharing it. What currency pairs do you suggest for best outcome? JPY,AUD,GBP or Euro against the USD
Any one of the commodity related currencies should be good, AUD, CAD and NZD... but I'm a little weary of AUD since they may raise rates again soon, which will lesson the blow it takes to the downside when the USD rallies (NZD has been pulling back much more already this week than AUD)...

GBP has already been selling off against the USD, so I think EUR could get a nicer dip...

CHF I believe is one of the safer plays though.

As far as JPY goes, 0.8800 has been holding extremely well and it could pop pretty good... I know a lot of Japanese companies are suffering with the strength of the Yen right now and I wouldn't be surprised if there were at least some verbal intervention out of Japan if it dips much lower... in other words, this could be a relatively safe entry with plenty of upside when USD pops.

Anyone else have any thoughts?
  • #6,451
  • Oct 12, 2009 9:52pm Oct 12, 2009 9:52pm
Good Morning Folks!!!

4H,1H,30M all showing strong Bullish trend. I just entered a Long at 0.9069 with TP 0.9090 . I would open a short at 90.95 as that seems like a strong resistence since the market has bounced back from there a few times.

I think it will break the 91.00 psych level today sometime and we are heading in the upward direction. 90.50 will be the new support and I don't see it dropping below it this week. Well thats just me, lets see what happens actually :-)
  • #6,452
  • Oct 12, 2009 9:53pm Oct 12, 2009 9:53pm
Quoting calderone
Thanks for pointing this out to me. I thought it was rather odd today to see a story on the regular news channel about the US dollar. They also mentioned soaring gold prices.
No prob, I like to share anything I find informative here and appreciate when others do the same...
  • #6,453
  • Oct 12, 2009 9:59pm Oct 12, 2009 9:59pm
Quoting puks
Well.....

I missed the entry last night. I dont see this pair dipping below 90 anytime this week :-(
I was on the fence about going long at that level, I missed hesitated and missed it though!
Were you just not online to put the order in? It's not a bad idea to set some orders before you log off... you can be pleasantly surprised when you log back in (just make sure to set your stop and profit targets orders also in case the order does fill!)
  • #6,454
  • Oct 12, 2009 10:01pm Oct 12, 2009 10:01pm
Quoting thadakman
(NZD has been pulling back much more already this week than AUD)...

Anyone else have any thoughts?
Hi Thadakman ,
thas what im looking this week aud/nzd cross will go ballistic in range trading as the gap(pips move) widen between aud/usd and nzd/usd IMO.
  • #6,455
  • Oct 12, 2009 10:04pm Oct 12, 2009 10:04pm
Quoting Pak Tiger
Good Morning Folks!!!

4H,1H,30M all showing strong Bullish trend. I just entered a Long at 0.9069 with TP 0.9090 . I would open a short at 90.95 as that seems like a strong resistence since the market has bounced back from there a few times.

I think it will break the 91.00 psych level today sometime and we are heading in the upward direction. 90.50 will be the new support and I don't see it dropping below it this week. Well thats just me, lets see what happens actually :-)
its ok to have an opinion Pak Tiger , this what i see if you are not scalping

http://img39.imagefra.me/img/img39/2...em_ee5dd34.png
  • #6,456
  • Oct 12, 2009 10:16pm Oct 12, 2009 10:16pm
Quoting thadakman
GBP has already been selling off against the USD, so I think EUR could get a nicer dip...

Anyone else have any thoughts?
gbp/usd will hit 1.56 and break below it 1.50 is on the card
  • #6,457
  • Oct 12, 2009 10:18pm Oct 12, 2009 10:18pm
back to short term trading

http://img39.imagefra.me/img/img39/2...pm_602e633.png
  • #6,458
  • Oct 12, 2009 10:24pm Oct 12, 2009 10:24pm
0.90 - 0.91 range , got to go to work see you all tonite, Ciao!!
  • #6,459
  • Oct 12, 2009 10:37pm Oct 12, 2009 10:37pm
Quoting ben10
afternoon Puks?

Afternoon Ben.

looks like from now on till the DST is turned off, we can work safely during the day and trade for a few hours with London and NY are both open.

Its hard to see the FX market moving without NY and LON.

GBP will hit 1.59ish to provide plenty of shorting opportunities to people like us, who missed entry last night at 1.5840ish.

BTW, Ben, who do you trade with? I mean your broker?

thx
  • #6,460
  • Oct 12, 2009 11:53pm Oct 12, 2009 11:53pm
On a run since February once again less than 20 from yearly high.

Is this the week that the dollar stages the big rally?

Is this the time to trade against the trend?

I am not smart enough for that kind of market timing. I will stick with my simple but highly effective buy the dips, watch the RSI for the best entry, and get that SL to break even then utilizing OPM.

The RSI is effective in any time frame with A/U.
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