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AUD/USD

  • #8,861
  • Nov 11, 2009 6:33pm Nov 11, 2009 6:33pm
7420 x6
  • #8,862
  • Nov 11, 2009 6:35pm Nov 11, 2009 6:35pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
short at 9365 ...
  • #8,863
  • Nov 11, 2009 6:36pm Nov 11, 2009 6:36pm
Quoting Greedo
It's a very good analisys, im on the same direction .. but i'm just looking 20 or 30 pips.

good luck

Hehe, in my estimates I actually had 23.7K but I said 10-20K anyways... I reckon you should have taken more than 20-30 pips when last moves was 87 and 130....

still time to be bull I reckon, but not a good probability trade anymore...


$ashing!
  • #8,864
  • Nov 11, 2009 6:37pm Nov 11, 2009 6:37pm
enter aussie 9353 x1 and limit at 9360 x1

move stop for the kiwi to lock the gain
  • #8,865
  • Nov 11, 2009 6:38pm Nov 11, 2009 6:38pm
Quoting G_Man
short at 9365 ...

Not a good idea man, this is great news for AUD

But stick to your trading system... just sayin....
  • #8,866
  • Nov 11, 2009 6:40pm Nov 11, 2009 6:40pm
Quoting ben10
7420 x6
if kiwi move continue move above 7480 ,i will add another x6
  • #8,867
  • Nov 11, 2009 6:45pm Nov 11, 2009 6:45pm
Quoting ben10
if kiwi move continue move above 7480 ,i will add another x6
Im long and will stay long, the AUD is and will be well supported going forward. Anyone who is short or wants to go short i can only advise to take your profit when you have one.

OTM
  • #8,868
  • Nov 11, 2009 6:48pm Nov 11, 2009 6:48pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Larseg
Not a good idea man, this is great news for AUD

But stick to your trading system... just sayin....
i am sorry but i kinda disagree ...

this news looks great when you put it together with the forecast but considering previous data which was 40.6K its not that great overall ...

i beleive 9370 is the next resistance ...

are you long?
  • #8,869
  • Nov 11, 2009 6:50pm Nov 11, 2009 6:50pm
Remember AUD's weekly pip range of about 300 pips... the low this week was 0.9195... so this has the potential get close to 0.9500 if risk keeps flowing into the market.

With that said, the S&P and Dow both closed just shy of critical levels to the upside; and these new highs were on low volume (it was a holiday in the states though), so the market does look a bit toppy... I'm not shorting AUD until at least 0.9450 this week though if I do decide to go short.
  • #8,870
  • Nov 11, 2009 6:52pm Nov 11, 2009 6:52pm
Quoting G_Man
short at 9365 ...
You should know in the next couple hours if this was a good trade... I've noticed on news, the AUD will usually pullback a tad and consolidate for a while, then either keep running the rest of the night for another 50-100 pips or if it breaks down to pre-news levels, it should keep dropping... Good luck (try not to give too many of those pips you made earlier back though if it goes against you).
  • #8,871
  • Nov 11, 2009 6:53pm Nov 11, 2009 6:53pm
kiwi out for profit, now focus back to the aussie short

http://img37.imagefra.me/img/img37/1...nm_a8a9c16.png
  • #8,872
  • Nov 11, 2009 6:55pm Nov 11, 2009 6:55pm
Quoting G_Man
i am sorry but i kinda disagree ...

this news looks great when you put it together with the forecast but considering previous data which was 40.6K its not that great overall ...

i believe 9370 is the next resistance ...

are you long?

That's fine I can be wrong and I can be right, but always good to exchange thoughts... most of the time at least

Long since 0,9306
Would be surprised iw we didn't see 0,94xx today...

Think of it like this, you are an non-commercial trader and are moving the market... Do you want to move the market too much? so you have to buy more at an higher price? no i wouldn't think so... So how would you do it then?
I have no resolution to it but buying more and more when the opportunity comes makes sence right?
  • #8,873
  • Nov 11, 2009 6:55pm Nov 11, 2009 6:55pm
As it stands, traders are so disillusioned with the aussie's bullishness that given any reading it would have rallied.

even if it came out a -ve the market would have somehow rallied, nothing new here. Same with the euro, a less than stellar zew and voila ... a rally. The only currency that sticks to reality is the pound, negative readings = pound decline

Oh and that discounted bs, its all it is....

These markets are too funny
  • #8,874
  • Nov 11, 2009 6:58pm Nov 11, 2009 6:58pm
i think if the gold breaks the up channel and res on 1120 then it ll boost the AUD up but till now the market showed some settle down and pull back as the gold having hard time breakin up
  • #8,875
  • Nov 11, 2009 7:07pm Nov 11, 2009 7:07pm
[quote=G_Man;3226697] i beleive 9370 is the next resistance ...

quote]

good call G_MAN , as Thadakman mentioned weekly average is 300 pips if the price hit the 9280 thats make 200 pips for the week and i got limit short at 9380 just incase
  • #8,876
  • Nov 11, 2009 7:11pm Nov 11, 2009 7:11pm
I am new at this and enjoy reading all the advice. I did very well catching the up move tonight but other than the recommendation from Felix, I think there was more than a bit of luck in it. The main problem I have is getting the news. Felix states in the 30 minutes following the report and I do notice many times it's the 30 seconds. Any advice on this for a newbie? Thanks Dan From Tenn!
  • #8,877
  • Nov 11, 2009 7:12pm Nov 11, 2009 7:12pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
what i have noticed is that everytime she started to take-off ... all the long traders somehow become

why dont you guys understand that sooner or later you will wake up ...

if i open up last year forum discussion ... i see parity parity parity ... then what happened to AUD/USD next?

back to 60 ... remember?

the difference between 9365 and parity is 635 pips but the difference between 9365 and even 8000 is 1365 pips ...

i dont do SL so which way should i go?

just remember Australia is a country of its own and no one likes to put all their eggs in one basket and it takes time to establish a brand ... just doesnt happen overnight ...
  • #8,878
  • Nov 11, 2009 7:18pm Nov 11, 2009 7:18pm
Quoting Larseg
That's fine I can be wrong and I can be right, but always good to exchange thoughts... most of the time at least
keep that positivity flow
  • #8,879
  • Nov 11, 2009 7:29pm Nov 11, 2009 7:29pm
anybody trade the eur/yen? this daily ranging has a really good short term pipping trades and the red egg still hold , dont know when that gonna pop out

http://img01.imagefra.me/img/img01/1...dm_419fd15.png
  • #8,880
  • Nov 11, 2009 7:37pm Nov 11, 2009 7:37pm
Quoting G_Man
back to 60 ... remember?
Though the result isnt as good as the previous, it is howevr a positive nonetheless. Both results were also unexpected.

Going back to 60 would require a huge crash in the markets again, in which hopefully a bubble isnt in the works again.

Imo shorting is for scalps, longs are for carries.

Next week is Japan's interest rate decision, though unlikely, a rise could put a dent into AUD. Im not quite familiar with Japan's current economic situation anyway.
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