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AUD/USD

  • #8,481
  • Nov 5, 2009 3:26pm Nov 5, 2009 3:26pm
hi Ben did you have a good trading day yesterday? Seems very quiet today. I am still long from yesterday havent exited, all charts are neutral, cant pick the trend. Depends on the news imho. What are your thoughts?
Find a job that you love and you dont have to work again in your life.
  • #8,482
  • Nov 5, 2009 4:03pm Nov 5, 2009 4:03pm
Quoting tradoholic
hi Ben did you have a good trading day yesterday? Seems very quiet today. I am still long from yesterday havent exited, all charts are neutral, cant pick the trend. Depends on the news imho. What are your thoughts?
yep i got only lil bit as its painfully range , its good to trade the eur as the spread only 1 pip.

i still hold most of the trades both(ausiie and kiwi) side but pruning(reduce) the position for few pips profit on both legs, the line on the sand now stand at 7200 and above long for the kiwi , 9100 and below short for the aussie

the range for the kiwi is 71 - 73

http://img03.imagefra.me/img/img03/2...9m_975a1b7.png
  • #8,483
  • Nov 5, 2009 4:16pm Nov 5, 2009 4:16pm
Thanks for that. I tend to stay away from NZD as the spread with CMC is between 5 - 10 points. I mainly trade on AUD/USD and JPY/USD and some Euro against all the three above.

I am holding my breath for the news now...... 15 more minutes to go
I think it will be bullish initially (KJR) and then stabilise around the 90.00 mark. Being Friday doesnt help the bulls either... lets see.
Find a job that you love and you dont have to work again in your life.
  • #8,484
  • Nov 5, 2009 4:24pm Nov 5, 2009 4:24pm
Hi Tradoholic, here is my view from point and figure charting 89 - 92 will make the range for aussie of around 300 pips move! previous triple bottom break out below 9200 now hold as a key resistance.

http://img03.imagefra.me/img/img03/2...bm_14fff7a.png
  • #8,485
  • Nov 5, 2009 4:29pm Nov 5, 2009 4:29pm
Quoting ben10
Hi Tradoholic, here is my view from point and figure charting 89 - 92 will make the range for aussie of around 300 pips move! previous triple bottom break out below 9200 now hold as a key resistance.

http://img03.imagefra.me/img/img03/2...bm_14fff7a.png
Thanks for that mate. Its a wide range and good for sculping. Hope we can make good pips today. All teh best...
Find a job that you love and you dont have to work again in your life.
  • #8,486
  • Nov 5, 2009 4:36pm Nov 5, 2009 4:36pm
Quoting ben10
Hi Shahab8b, i expect the price fall inside the inverted wedge (your chart), i hope the the round number resistance at 9150 and 9200 hold as i also set limit short there



thanks alot for the chart!
Hi Ben10, I cant see the wedge, would you mind showing me? if you mean the falling expanding triangle , as far as I know ,this kind of pattern is bullish, I'm long against .9026 , then will be short below that
Attached Image (click to enlarge)
Click to Enlarge Name: audusd7.gif Size: 13 KB
  • #8,487
  • Nov 5, 2009 4:41pm Nov 5, 2009 4:41pm
Quoting ben10
Hi Tradoholic, here is my view from point and figure charting 89 - 92 will make the range for aussie of around 300 pips move! previous triple bottom break out below 9200 now hold as a key resistance.

http://img03.imagefra.me/img/img03/2...bm_14fff7a.png
Thanks for the chart, very helpful as always
  • #8,488
  • Nov 5, 2009 5:30pm Nov 5, 2009 5:30pm
Quoting shahab8b
as far as I know ,this kind of pattern is bullish, I'm long
nice call Shahab8b, you are in the money, my chart also agree !

http://h.imagehost.org/0749/bull_gap.jpg

we are still ranging at higher time frame but its only 5 minute chart
  • #8,489
  • Nov 5, 2009 5:36pm Nov 5, 2009 5:36pm
interesting move on 5 minute chart as the aussie pointing upwards move and the kiwi pointing down move so the value of aud/nzd pointing higher , so took some profit and let the scout alone at 1.2657
  • #8,490
  • Nov 5, 2009 5:43pm Nov 5, 2009 5:43pm
for those trading european session eur/gbp x gbp/chf = eur/chf also nice ranging play!
  • #8,491
  • Nov 5, 2009 5:57pm Nov 5, 2009 5:57pm
ok time is calling , im out here .CIAO!
  • #8,492
  • Nov 5, 2009 8:09pm Nov 5, 2009 8:09pm
Weekly report from tradingcentral, let me know if you find it useful so I post it more often
Attached File(s)
File Type: pdf GURUFOREX3.pdf   353 KB | 401 downloads
  • #8,493
  • Nov 5, 2009 8:18pm Nov 5, 2009 8:18pm
Hi shahab8b,

Thanks, please post more in future.
just speculating
  • #8,494
  • Nov 5, 2009 11:03pm Nov 5, 2009 11:03pm
hi to all!

market tone still positive, AUD firm on the expectations of more rate hikes in the coming months

a break of 0,9150 will probably lead to a test of 0,9180 - 0,92 where I would be a seller


main support at 0,9025
we can try to buy the weakness between 0,9065 and 0,9025 hedging below the latter

sell in case of a test of 0,9180 - 92 to be hedged above 0,9220 (27 oct highs)

good trade!
  • #8,495
  • Nov 5, 2009 11:36pm Nov 5, 2009 11:36pm
Quoting fammira
hi to all!

market tone still positive, AUD firm on the expectations of more rate hikes in the coming months

a break of 0,9150 will probably lead to a test of 0,9180 - 0,92 where I would be a seller


main support at 0,9025
we can try to buy the weakness between 0,9065 and 0,9025 hedging below the latter

sell in case of a test of 0,9180 - 92 to be hedged above 0,9220 (27 oct highs)

good trade!
Spot on, 9154 resistance will be hard to get through with these volumes on Friday night.
Find a job that you love and you dont have to work again in your life.
  • #8,496
  • Nov 6, 2009 12:23am Nov 6, 2009 12:23am
Well,hello everybody. I have collected TP on 9145, so I am happy=)
If someone is going to take a short position - it is a time to do it. I am looking forward to see 9115-9105 soon...I could even predict that we will see lower,but I am afraid that unemloyment rates from USA will cause a little "up-trend",that's why I will wate this news and will be out of the market during this time.
  • #8,497
  • Nov 6, 2009 2:46am Nov 6, 2009 2:46am
Quoting Letos
Well,hello everybody. I have collected TP on 9145, so I am happy=)
If someone is going to take a short position - it is a time to do it. I am looking forward to see 9115-9105 soon...I could even predict that we will see lower,but I am afraid that unemloyment rates from USA will cause a little "up-trend",that's why I will wate this news and will be out of the market during this time.
i took short position @ 9170, tp :9100,ts 15, sl 20point
buy limit @ 9100, tp :9225, ts 25, sl 20 point.
  • #8,498
  • Nov 6, 2009 3:51am Nov 6, 2009 3:51am
au has hit a 62% retracement of down move from 93c to 89c. it def should be a short play with min risk
  • #8,499
  • Nov 6, 2009 3:55am Nov 6, 2009 3:55am
Quoting cphcphcph
i took short position @ 9170, tp :9100,ts 15, sl 20point
buy limit @ 9100, tp :9225, ts 25, sl 20 point.
very good position in my opinion...I'd advice to close order 20-15 minutes before the coming of the unemployment rate report...It will cause big volatility and may kick your sl...but if 15pips are not valueable for you -- the risk can be right in time.
  • #8,500
  • Nov 6, 2009 4:35am Nov 6, 2009 4:35am
Quoting shahab8b
The Daily chart in AUDUSD shows a Bullish Hidden Divergence in RSI
Nice charts Got the same bullish hidden divergence on EUR as well.

We've done 272 pips this week with low at 0.8904 and high at 0.9176. Average range for last 23 weeks is 280 pips and the average weekly range for the year is 306 pips. We did 333 pips last week.

Being NFP and G20, nothing is predictable though so I'm going to predict whipsaw action to take out both sides and then range into the close ..... it's a joke, I haven't got a clue.

Daily Market Strategy for those that are bored ..... Safe trades today everybody

Attached File(s)
File Type: pdf Market_Strategy_Daily_6_Nov.pdf   241 KB | 466 downloads
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