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AUD/USD

  • #6,541
  • Oct 13, 2009 9:58pm Oct 13, 2009 9:58pm
Good Morning Folks!!

I'm short from 9100 as the pair is finding resistence at 9110 from what i saw in 1M & 5M chart. I will add another short if it goes to 9120.

See you all in a bit!
  • #6,542
  • Oct 13, 2009 10:01pm Oct 13, 2009 10:01pm
Quoting WestAus
I have to read that 5 times, still working it out!
Im short at 9097, deciding to keep with 15 pip SL as my rule at 9112 or raising to 25 to be at 9122, above RL. ?
as the aud/usd and nzd/usd move up and down the aud/nzd cross remain in the range:

0.9250 : 0.7600 = ?
9250/7500=
9100/7450=
9050/7400=
etc..

Please play around with is you will know what i mean, got to go to work, see you all tonite Ciao!
  • #6,543
  • Oct 13, 2009 10:12pm Oct 13, 2009 10:12pm
Nice move AUD this morning. I am just sitting on my hand waiting for the next 4H to print, its soo boring . But I am planning to ride a short upward move if my signal confirms.
-Only you and your signal, stick to it. The rest are just noise-
  • #6,544
  • Oct 13, 2009 11:45pm Oct 13, 2009 11:45pm
Quoting Money-RX
This could be a great dip to buy. Long from 8170 with a tight SL.
July

Another new high, 9145 and have not sold a position all year.

Hope everyone is cashing in on this money machine.
History is written by the victors.
  • #6,545
  • Oct 13, 2009 11:47pm Oct 13, 2009 11:47pm
Quoting Pak Tiger
Good Morning Folks!!

I'm short from 9100 as the pair is finding resistence at 9110 from what i saw in 1M & 5M chart. I will add another short if it goes to 9120.

See you all in a bit!
Why the short and why fight the strongest trend in Forex?
History is written by the victors.
  • #6,546
  • Oct 13, 2009 11:57pm Oct 13, 2009 11:57pm
It pays to keep up on the fundamentals.

Over the last three months, banks put 63 percent of their new cash into euros and yen -- not the greenbacks -- a nearly complete reversal of the dollar's onetime dominance for reserves, according to Barclays Capital. The dollar's share of new cash in the central banks was down to 37 percent -- compared with two-thirds a decade ago.

Currently, dollars account for about 62 percent of the currency reserve at central banks -- the lowest on record, said the IMF.



Investors and central banks are snubbing dollars because the greenback is kept too weak by zero interest rates and a flood of greenbacks in the global economy.
History is written by the victors.
  • #6,547
  • Oct 14, 2009 12:40am Oct 14, 2009 12:40am
Quoting ben10
as the aud/usd and nzd/usd move up and down the aud/nzd cross remain in the range:

0.9250 : 0.7600 = ?
9250/7500=
9100/7450=
9050/7400=
etc..

Please play around with is you will know what i mean, got to go to work, see you all tonite Ciao!
I must be dumb and/or lazy. After a quick comparison of the charts I don't see how A/U and N/U shape the Aus/NZ cross. Aus/NZ usually is in a trading range looking at the daily chart, yes, that I can see. It s been a 500 pip range since 7th of August.
Can someone possibly give an example of a trade situation utilising this 'shaping'
  • #6,548
  • Oct 14, 2009 12:45am Oct 14, 2009 12:45am
Back up to 0.942, trends still showing its climbing but last time i jumped on something similar it retraced 45pips.. lol
  • #6,549
  • Oct 14, 2009 1:08am Oct 14, 2009 1:08am
I know that long term trends indicate this is a bull market pair and is still climbing, but even my novice/noob experience tells me 'how far can it go'?

My inexperienced opinion is that the AUD:USD is overstretched atm, and needs to take some tension off before resuming.

I took a quick look and the current price is around 1300-1400 pips away from the 200ma, only time it was greater than that was when the currency crashed late last year.
  • #6,550
  • Oct 14, 2009 1:13am Oct 14, 2009 1:13am
Quoting WestAus
I know that long term trends indicate this is a bull market pair and is still climbing, but even my novice/noob experience tells me 'how far can it go'?

My inexperienced opinion is that the AUD:USD is overstretched atm, and needs to take some tension off before resuming.

I took a quick look and the current price is around 1300-1400 pips away from the 200ma, only time it was greater than that was when the currency crashed late last year.
I believe so dude, perhaps retracement before we are going up again,but we'll never know. Hopefully everything work like we had planned before, good luck!
  • #6,551
  • Oct 14, 2009 1:53am Oct 14, 2009 1:53am
Quoting Money-RX
Why the short and why fight the strongest trend in Forex?
The long term trend is no doubt very strong and bullish but since i'm a intra day trader, i look for small retracements and ranges in between the daily tops and bottoms. I think at the moment its gonna be ranging between 9060-9150...Lets see!!
  • #6,552
  • Oct 14, 2009 2:41am Oct 14, 2009 2:41am
I just place a buy at 1.9135 an hour ago for a 50pips TP/SL. Its interesting to see when London opens, Im going to let the trade play itself
-Only you and your signal, stick to it. The rest are just noise-
  • #6,553
  • Oct 14, 2009 2:49am Oct 14, 2009 2:49am
Quoting WestAus
I know that long term trends indicate this is a bull market pair and is still climbing, but even my novice/noob experience tells me 'how far can it go'?

My inexperienced opinion is that the AUD:USD is overstretched atm, and needs to take some tension off before resuming.

I took a quick look and the current price is around 1300-1400 pips away from the 200ma, only time it was greater than that was when the currency crashed late last year.
Yep you're right. Ask the question "How far can it go"? Well it can go to the 200ma. It can go further than the 200ma. I can guarantee it won't do what it did last year. It might reach a top this month or in six months time, or in 6 years. Who knows?

Overstretched? I don't think so. Last week's rise was a break through resistance at .87, formed in 2007. There was a period of consolidation before that break out. Where is the next major resistance? .93 to .94 ish.

Look at all those bullish bars on the daily chart. How clever do you have to be to make money on shorts, whether day trading or scalping? A lot cleverer than me.

Also: Big USD news day today. Retail sales and Federal committee which only happens 8 times a year. Wait Smikester.
Gone to a better place
  • #6,554
  • Edited 6:40am Oct 14, 2009 5:10am | Edited 6:40am
Quote
I'm long US$ against all majors today i.e Yen, GBP, EURO, AUD, CAD, CHF

I'm anticipating retracement from these levels and a good US news will make it even better!!! Lets c!!

Close almost all my positions with good 15-20 pips run of US$ against all majors. But my AUD/USD Shorts positions are still open (9100, 9120) . Gold has declined sharply in the last hour or so but AUD is still holding up! It shows the strength of AUD and fundamentals might as well supporting it. Lets see what effect the US news bring!!
  • #6,555
  • Oct 14, 2009 7:06am Oct 14, 2009 7:06am
Quoting Pak Tiger
Close almost all my positions with good 15-20 pips run of US$ against all majors. But my AUD/USD Shorts positions are still open (9100, 9120) . Gold has declined sharply in the last hour or so but AUD is still holding up! It shows the strength of AUD and fundamentals might as well supporting it. Lets see what effect the US news bring!!
Hai Pak Tiger
Good profit.

You must be very busy trader with all those pairs and you are monitoring 1M and 5M charts too, and updating your post in the thread.
How do you manage to analyze various pairs? Why don't you increase lots and concentrate on the strongest pairs?
-Only you and your signal, stick to it. The rest are just noise-
  • #6,556
  • Oct 14, 2009 7:39am Oct 14, 2009 7:39am
Quoting nd41
Hai Pak Tiger
Good profit.

You must be very busy trader with all those pairs and you are monitoring 1M and 5M charts too, and updating your post in the thread.
How do you manage to analyze various pairs? Why don't you increase lots and concentrate on the strongest pairs?
Thanks Buddy!!!

Well i'm still very new to this business and just learning the art of trading and i get alot of help and ideas from all you guys here at FF. I generally don't trade with that many pairs at all times or everyday. My fav pairs are AUD/USD & USD/JPY (for the past few weeks) but occasionally i also touch EUR/USD & Cable (the two pairs that i traded the most in last 3 months)...
My strategy is quite simple. Since I'm a day trader, I look for small retracements & ranges during the day. The Asian & Eurpoean sessions (first few hours of the London session) gives me a very good indication about the momentum & day's low & high so i try to put my entries in according to it and then offcourse confirm it from 1M, 5M & 15M as well...
For pairs like USD/CAD, USD/CHF, i only touch them when i'm confident about US $ retracement !!!
AS for not picking up big lots, well my account size doesn't permit me so at the moment so i feel more comfortable with small lots!!!
  • #6,557
  • Oct 14, 2009 8:21am Oct 14, 2009 8:21am
Quoting dazers
I must be dumb and/or lazy. After a quick comparison of the charts I don't see how A/U and N/U shape the Aus/NZ cross. Aus/NZ usually is in a trading range looking at the daily chart, yes, that I can see. It s been a 500 pip range since 7th of August.
Can someone possibly give an example of a trade situation utilising this 'shaping'
Hi Dazer, when the aud/usd and kiwi travel higher aud/kiwi cross travel lower vise versa
  • #6,558
  • Oct 14, 2009 8:33am Oct 14, 2009 8:33am
http://img03.imagefra.me/img/img03/2...om_7405a0b.png

practice make perfect!
  • #6,559
  • Oct 14, 2009 8:43am Oct 14, 2009 8:43am
My trades from here on!!

Short G/U at 1.5990
Short E/U at 1.4900
Long U/J at 89.25,89.50& 89.75
and Short A/U at 9120 & 9100 (well this one is open since this morning)...

News is not bad for US and it should pick up from here!! LEts c!!
  • #6,560
  • Oct 14, 2009 9:03am Oct 14, 2009 9:03am
short it the chart said so

http://img37.imagefra.me/img/img37/2...em_599f3f1.png
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