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AUD/USD

  • #6,481
  • Edited 6:26am Oct 13, 2009 5:39am | Edited 6:26am
Quoting WestAus
Why is there such an importance on the price of gold and its effect on the AUD:USD pair, as in only short when gold price heads south??

Much appreciated.
AUD is a commodity currency, like CAD. Australia is a vast continent with large mineral reserves. (Google commodity currency). When the gold price rises it becomes economically viable to mine gold even when returns are not substantial, as is the case in most gold mines nowadays.

Additionally, the knock on effect is more employment in the industries which surround mining and other production. This is good for a currency.

Meantime the sentiment for the US dollar is weak and RBA have raised interest rates. Double and triple whammy for the pair AUD/USD
Gone to a better place
  • #6,482
  • Oct 13, 2009 5:45am Oct 13, 2009 5:45am
Just broke 9100 for bulls, and Added small long on break.
  • #6,483
  • Oct 13, 2009 6:15am Oct 13, 2009 6:15am
So golds new highs are what the ausiie is riding to its new highs.

What is causing the price of gold to rise? Why did it spike upwards a couple of hours ago?
  • #6,484
  • Oct 13, 2009 6:20am Oct 13, 2009 6:20am
I am short at 90.90 and 91.10. Nothing is happening except that the GOLD has soared in the last couple of hours. SO i expect it to come down & test its support at 90.50...

Whoelse is short from here??
  • #6,485
  • Oct 13, 2009 6:24am Oct 13, 2009 6:24am
Quoting Pak Tiger
I am short at 90.90 and 91.10. Nothing is happening except that the GOLD has soared in the last couple of hours. SO i expect it to come down & test its support at 90.50...

Whoelse is short from here??
.9120 small Sell, SL at .9130
TP - I'll see PA at .9100 if it get there
This new high is probably speculation of quarter-releases (Intel - today, and tommorow some banks)
  • #6,486
  • Oct 13, 2009 6:27am Oct 13, 2009 6:27am
Quoting Pak Tiger
I am short at 90.90 and 91.10. Nothing is happening except that the GOLD has soared in the last couple of hours. SO i expect it to come down & test its support at 90.50...

Whoelse is short from here??
I'm short at 9101, however part of an average out scheme attempting to minimize the damage.
Never been vouched
  • #6,487
  • Oct 13, 2009 6:32am Oct 13, 2009 6:32am
Wow !
Looks Like it wanna Go Up Till 0.9670 !
( Long Period Prediction )
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-7-20.gif Size: 23 KB
  • #6,488
  • Oct 13, 2009 6:38am Oct 13, 2009 6:38am
I have learnt the hard way not to average out. Always exit positions and re enter. I am going long from 90.07, pre emptive move as the trend line is up. I think so far as gold is holding up AU$ will do the same...
Find a job that you love and you dont have to work again in your life.
  • #6,489
  • Oct 13, 2009 6:40am Oct 13, 2009 6:40am
Quoting tradoholic
I have learnt the hard way not to average out. Always exit positions and re enter. I am going long from 90.07, pre emptive move as the trend line is up. I think so far as gold is holding up AU$ will do the same...
U mean 91.07 right?
  • #6,490
  • Oct 13, 2009 6:45am Oct 13, 2009 6:45am
Whyat information/websites does everyone here use to support they're decision to make a trade on the AUD:USD pair?
Such as info on gold, other market charts, specific indicators ect?
  • #6,491
  • Oct 13, 2009 6:45am Oct 13, 2009 6:45am
Mmm. Shorting this pair. It might work if I was really nifty. But I think I'll go and put the kettle on and have a cup of tea. Tomorrow it might go up again and bother one of my buy stops. I still have all my fingernails after all and I don't need tranqulizers. I might move my S/L up to .8900 later tomorrow as well. You guys should post in the Members Section, in the Comedy Club.
Gone to a better place
  • #6,492
  • Oct 13, 2009 6:46am Oct 13, 2009 6:46am
Quoting Pak Tiger
U mean 91.07 right?
sorry, my mind is still not used to these levels, I did mean 91.07. lol
Find a job that you love and you dont have to work again in your life.
  • #6,493
  • Oct 13, 2009 6:56am Oct 13, 2009 6:56am
Quoting Pak Tiger
I am short at 90.90 and 91.10. Nothing is happening except that the GOLD has soared in the last couple of hours. SO i expect it to come down & test its support at 90.50...

Whoelse is short from here??
I went long at the break. took 15 pip profit.

remember - every pip counts.
  • #6,494
  • Oct 13, 2009 7:22am Oct 13, 2009 7:22am
Quoting WestAus
Whyat information/websites does everyone here use to support they're decision to make a trade on the AUD:USD pair?
Such as info on gold, other market charts, specific indicators ect?
I think you can look at "Actionforex.com" ,then go to "Action Insight" and choose the "AUDUSD technical outlook"

http://www.actionforex.com/action-in...2009101398198/

for gold you can look at "Oilngold.com" then go to "ONG focus" then you can choose the "Market Insight / or Technical Analysis" whichever you prefere,

http://www.oilngold.com/ong-focus/te...-200910139239/
  • #6,495
  • Oct 13, 2009 7:34am Oct 13, 2009 7:34am
If one was using the stochastic and rsi to scalp the aud:usd on the 5 min chart what are common settings?

EG: RSI on 8 and stock 14,3,3

I don't understand how to set the numbers on certain signals when changing between timeframes?
  • #6,496
  • Oct 13, 2009 7:50am Oct 13, 2009 7:50am
Quoting WestAus
If one was using the stochastic and rsi to scalp the aud:usd on the 5 min chart what are common settings?

EG: RSI on 8 and stock 14,3,3

I don't understand how to set the numbers on certain signals when changing between timeframes?
I think you if you look at Trading Systems forums you will save time and money, read the THV system, Sonic.R system, they are good scalping system for 1-5 min chart, dont try something new on you Real Account, try it first at a Demo Account
  • #6,497
  • Oct 13, 2009 9:34am Oct 13, 2009 9:34am
Quoting blue_z_zz
i cant say no for mr.ben10 so this is the last update

fammira -9046
blue_z_zz -9088
doblece -9260
assiematt -9225
pak tiger -9066
G_man -9110
lenart - 9102
4xmajkel -9100
jyndrus -9119
Qwert -9107
Ben10 - 9339

so the mean of our prediction is 9133
hi guys do you think our survey worked and we got the top today
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #6,498
  • Oct 13, 2009 9:44am Oct 13, 2009 9:44am
Quoting blue_z_zz
hi guys do you think our survey worked and we got the top today
hope so, holding 2 shorts now
  • #6,499
  • Oct 13, 2009 9:57am Oct 13, 2009 9:57am
Interesting read about possible AUD parity with USD.

http://www.cnbc.com/id/33287309/

Long story short, not likely... But, the break above 0.89 set the upside target towards 0.95 by Christmas with a possible spike as high as 0.97; on the downside, 0.8400 looks to be the lowest support level... keep in mind what happened last time AUD almost went parity with USD though, it completely collapsed!

This article is from Daryl Guppy by the way; he's been pretty "on" with his chart analysis in the past.
  • #6,500
  • Oct 13, 2009 9:58am Oct 13, 2009 9:58am
Quoting blue_z_zz
hi guys do you think our survey worked and we got the top today
You guys were pretty much spot on... so far at least! Good calls.
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