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AUD/USD

  • #6,621
  • Oct 14, 2009 10:52pm Oct 14, 2009 10:52pm
Quoting Pak Tiger
Yeah I cut my short from 9100 & 9120 last night. I also did average in from 9150 so the loss was less as i closed all three positions around 9135!!!

Can't help but going Long with this pair at the moment since AUD is very strong and USD is getting hammered by everyone at the moment. Many Analysts are also talking about seeing parity in this pair very soon!
Good call. It takes a lot of guts to admit a wrong trade even to oneself.
I am also struggling, but a fixed SL will hopefully prevent me to modify midway while a trade is in play.
-Only you and your signal, stick to it. The rest are just noise-
  • #6,622
  • Oct 14, 2009 10:56pm Oct 14, 2009 10:56pm
Quoting nd41
Good call. It takes a lot of guts to admit a wrong trade even to oneself.
I am also struggling, but a fixed SL will hopefully prevent me to modify midway while a trade is in play.
Yeah as a rookie trader been hard to admit sometimes when I fucked up. But I know now to toy with this pair, especially when the trend is so biased upwards. (Gold, interest rate hikes, improving economy etc)
  • #6,623
  • Edited 11:28pm Oct 14, 2009 11:15pm | Edited 11:28pm
Alrighty then. I'll try to remember that. Although, .9220 may be the top here before a PB. If it double tops people will jump on it, imo.


Quoting puks
It will retrace after hitting .9250 (+ or - 20 pips) to about .908x-912x levels before resuming its journey north to 93-94 cents by end of this month.

Another pullback to .9250 area just before the November 3 meeting and then all the way north to .95 and .98 by Christmas.

BUY DIPS...never short this pair.

SHORT GBP/USD instead.
  • #6,624
  • Oct 14, 2009 11:23pm Oct 14, 2009 11:23pm
IMO AU will hit 0.95 soon. Recent good news about Australian early recovery from Mr. Steven will bring it there. Dow jones index was also touching 10,000 psychology level which will just support and drive this pair higher. I'm buying...
  • #6,625
  • Oct 14, 2009 11:44pm Oct 14, 2009 11:44pm
Quoting gun2_85
IMO AU will hit 0.95 soon. Recent good news about Australian early recovery from Mr. Steven will bring it there. Dow jones index was also touching 10,000 psychology level which will just support and drive this pair higher. I'm buying...
I would wait for dips.
  • #6,626
  • Oct 14, 2009 11:46pm Oct 14, 2009 11:46pm
Quoting gun2_85
IMO AU will hit 0.95 soon. Recent good news about Australian early recovery from Mr. Steven will bring it there. Dow jones index was also touching 10,000 psychology level which will just support and drive this pair higher. I'm buying...
not before December.
  • #6,627
  • Oct 15, 2009 12:22am Oct 15, 2009 12:22am
Took profit at .9220, for 48 pips. Looking to buy on dips...
  • #6,628
  • Oct 15, 2009 1:06am Oct 15, 2009 1:06am
Yup. I missed opening of my H4 signal earlier, so I place a buy limit 0.9210 for 50pips TP/SL. I am risking my profit from previous trade.
-Only you and your signal, stick to it. The rest are just noise-
  • #6,629
  • Oct 15, 2009 1:28am Oct 15, 2009 1:28am
Quoting Pak Tiger
Yeah I cut my short from 9100 & 9120 last night. I also did average in from 9150 so the loss was less as i closed all three positions around 9135!!!

Can't help but going Long with this pair at the moment since AUD is very strong and USD is getting hammered by everyone at the moment. Many Analysts are also talking about seeing parity in this pair very soon!
Just long it bro, I've been long since 8600, and adding on ever since. The trend very strong in this one and you get some interest as well.
  • #6,630
  • Oct 15, 2009 1:30am Oct 15, 2009 1:30am
Quoting Zeroh
Just long it bro, I've been long since 8600, and adding on ever since. The trend very strong in this one and you get some interest as well.
how long has it been since 0.8600?1 months?

you got some nice pips there!
  • #6,631
  • Oct 15, 2009 1:35am Oct 15, 2009 1:35am
Quoting Zeroh
Just long it bro, I've been long since 8600, and adding on ever since. The trend very strong in this one and you get some interest as well.
Niiceee Thats a big fat pip
-Only you and your signal, stick to it. The rest are just noise-
  • #6,632
  • Oct 15, 2009 1:35am Oct 15, 2009 1:35am
Quoting Zeroh
Just long it bro, I've been long since 8600, and adding on ever since. The trend very strong in this one and you get some interest as well.

Well done mate for making such a nice trade!! Hope you carry on with that!!!


I agree there is no reason why one should short this pair at the moment, its the strongest pair as far as the trend direction is concerned. NO retracements whatsoever!
  • #6,633
  • Oct 15, 2009 1:36am Oct 15, 2009 1:36am
Quoting crackberry
how long has it been since 0.8600?1 months?

you got some nice pips there!
My first long was on september 28th which is at 600 pips now.
  • #6,634
  • Oct 15, 2009 1:50am Oct 15, 2009 1:50am
“There are no sellers” says one AUD/USD dealer!


Thu, Oct 15 2009, 03:04 GMT
http://www.forexlive.com


Despite the very lofty levels, AUD/USD is currently trading at .9210/15, one dealer has just told me that turnover is surprisingly light and the market keeps rising to try and find some levels of selling interest but there are none, at least not yet that he knows of. Regarding technical resistance, I have to go back to the weekly charts to find some levels of relevance and I have a previous pivot point around .9325 which looks like the next target level though realistically speaking it is the .9850 high which is the main focus now.
  • #6,635
  • Oct 15, 2009 1:51am Oct 15, 2009 1:51am
Quoting Zeroh
My first long was on september 28th which is at 600 pips now.
Nice..!
  • #6,636
  • Oct 15, 2009 2:48am Oct 15, 2009 2:48am
BNP Paribas has said it expects it to reach .96 by year end "with a caveat that parity may be seen beforehand". It has broken the initial year-end target of .92.
  • #6,637
  • Oct 15, 2009 4:39am Oct 15, 2009 4:39am
The GOLD has really dipped sharply from 1067 to 1052 but AUD has not shown that much decrease although its slipped from 9215 to 9195.. $ index has shown some strength in last couple of hours so I guess AUD is still doing alright considering the market situation, if GOLD holds up or soars, it will def shoot up to 9250 IMO!!! Lets c!
  • #6,638
  • Oct 15, 2009 4:47am Oct 15, 2009 4:47am
USD spiked up. ?
just speculating
  • #6,639
  • Oct 15, 2009 4:58am Oct 15, 2009 4:58am
Quoting eauyong
USD spiked up. ?

It seems it did. But the AUD/USD is the least effective pair out of all, so that again shows the strength of AUD!!
  • #6,640
  • Oct 15, 2009 5:43am Oct 15, 2009 5:43am
Hi Guys

Well EUR has dipped I see. Must have been because everyone was expecting it to hit 1.5000 this morning - lol. Look at that GBP go - yeah. They kept saying it was oversold, oversold, oversold - still didn't make me want to buy it though.

Bank of Scotland's Daily Market Strategy which might throw some light on things.

Good trades

Attached File(s)
File Type: pdf BOS_Market_Strategy_Daily_15_Oct_2009.pdf   128 KB | 515 downloads
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