AUD/USD | Page 454 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #9,061
  • Nov 15, 2009 11:28pm Nov 15, 2009 11:28pm
Quoting shahab8b
Hi Farimma,
Gold is pretty overbought in 1h/4h/d/w (+ a huge divergence in monthly), but there is no weakness in this crazy trend so far,
for being bearish these are the leves that I watch:
intraday: 1,122
short term: 1,101
mid term: 1,1023
Long term: 902
according to the TF you are trading these are the critical supports
yes, quite overbought, RSI reached 80 and is currently at 76.
I have started to sell at 1030 and some at 1029.
A rise with new high is possible, but I doubt we will see higher levels than 1135 with this RSI.
  • #9,062
  • Nov 15, 2009 11:44pm Nov 15, 2009 11:44pm
Quoting fammira
yes, quite overbought, RSI reached 80 and is currently at 76.
I have started to sell at 1030 and some at 1029.
A rise with new high is possible, but I doubt we will see higher levels than 1135 with this RSI.
i agree with u ,, i ll short at 30 adding 1 lot every 200 pip
  • #9,063
  • Nov 15, 2009 11:51pm Nov 15, 2009 11:51pm
Quoting fammira
yes, quite overbought, RSI reached 80 and is currently at 76.
I have started to sell at 1030 and some at 1029.
A rise with new high is possible, but I doubt we will see higher levels than 1135 with this RSI.
I agree, but I just use RSI to close my winning trades, its not very reliable for entery, even if you combined with a MACD signal it might gives you max 66% correct entery in 4hr TF, when the price moves as a Triangle/Rectangle consolidation , the RSI will flatten out byitself, and the next thing is another continued move, besides RSI divergence might be tricky sometimes as you will always see RSI divergence in 3th wave of a 5 wave impulse wich is quite the opposite from what people expect, they trade RSI divergence in the strongest wave (in the wrong side though)

back to Gold ,here, I see a upper channel touch in Daily, technically you expect the price to come down , Risk Reward Ratio wise, this is a nice selling setting,
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 14 KB
  • #9,064
  • Nov 16, 2009 12:00am Nov 16, 2009 12:00am
Quoting shahab8b
I agree, but I just use RSI to close my winning trades, its not very reliable for entery, even if you combined with a MACD signal it might gives you max 66% correct entery in 4hr TF, when the price moves as a Triangle/Rectangle consolidation , the RSI will flatten out byitself, and the next thing is another continued move, besides RSI divergence might be tricky sometimes as you will always see RSI divergence in 3th wave of a 5 wave impulse wich is quite the opposite from what people expect, they trade RSI divergence in the strongest wave (in the...
I never use indicators, and I am sure RSI only just can't justify a trade as you properly underline.
But I guess I remember gold touched a low of 1100 as a retracement just on Friday, so I expect this new rise to be a stop hunting episode, I would be very careful to buy at these levels even if there's not a clear sell signal yet
  • #9,065
  • Nov 16, 2009 12:06am Nov 16, 2009 12:06am
Quoting fammira
I never use indicators, and I am sure RSI only just can't justify a trade as you properly underline.
But I guess I remember gold touched a low of 1100 as a retracement just on Friday, so I expect this new rise to be a stop hunting episode, I would be very careful to buy at these levels even if there's not a clear sell signal yet
True, I went long from 1,104, now I've protected some part of my profit , current level is more suitable to sell
  • #9,066
  • Nov 16, 2009 3:04am Nov 16, 2009 3:04am
anyone has any idea what triggered the movement in the market? Nit that I mind it I have been short from 9347. I suspected that Obama being in China will possibly give some indication for a stronger dollar to keep the chinese happy.
Find a job that you love and you dont have to work again in your life.
  • #9,067
  • Nov 16, 2009 3:24am Nov 16, 2009 3:24am
I am short from 9435.I think it won't break 9360...And even if it does--it won't go far away.
  • #9,068
  • Nov 16, 2009 3:30am Nov 16, 2009 3:30am
Quoting Letos
I am short from 9435.I think it won't break 9360...And even if it does--it won't go far away.
did you mean 9345?
Find a job that you love and you dont have to work again in your life.
  • #9,069
  • Nov 16, 2009 3:43am Nov 16, 2009 3:43am
Quoting tradoholic
anyone has any idea what triggered the movement in the market? Nit that I mind it I have been short from 9347. I suspected that Obama being in China will possibly give some indication for a stronger dollar to keep the chinese happy.
RBA is topping, and selling the tips on the 0,9350 - 0,94 area
  • #9,070
  • Nov 16, 2009 4:23am Nov 16, 2009 4:23am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting fammira
RBA is topping, and selling the tips on the 0,9350 - 0,94 area
how do you know that?
  • #9,071
  • Nov 16, 2009 4:27am Nov 16, 2009 4:27am
To ppl from Sydney::::

does anyone of you currently having issues connecting to the Internet? I m with TPG and since the lightening strike later this evening my Internet is down. Bloody aweful. Can't place any trade or check my status. I m with gomarkets and they don't provide phone app. Spewing big big time..
  • #9,072
  • Nov 16, 2009 4:28am Nov 16, 2009 4:28am
Quoting fammira
RBA is topping, and selling the tips on the 0,9350 - 0,94 area
you mean they dont want it higher than that? I thought they said they never interfere with markets
Find a job that you love and you dont have to work again in your life.
  • #9,073
  • Nov 16, 2009 4:45am Nov 16, 2009 4:45am
i can see nice opportunity... lets wait and watch
Attached Image (click to enlarge)
Click to Enlarge Name: au1h.png Size: 7 KB
  • #9,074
  • Nov 16, 2009 4:54am Nov 16, 2009 4:54am
Quoting puks
To ppl from Sydney::::

does anyone of you currently having issues connecting to the Internet? I m with TPG and since the lightening strike later this evening my Internet is down. Bloody aweful. Can't place any trade or check my status. I m with gomarkets and they don't provide phone app. Spewing big big time..
Yes i am in sydney on the northshore, with Bigpond and no hassels at all. Could be a TPG issue
Find a job that you love and you dont have to work again in your life.
  • #9,075
  • Nov 16, 2009 5:03am Nov 16, 2009 5:03am
sydney, lower northshore, iinet, no problems tonight...
  • #9,076
  • Nov 16, 2009 5:38am Nov 16, 2009 5:38am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Optus internet ... still connected ...

i have never used TPG ...
  • #9,077
  • Nov 16, 2009 6:27am Nov 16, 2009 6:27am
Quoting puks
To ppl from Sydney::::

does anyone of you currently having issues connecting to the Internet? I m with TPG and since the lightening strike later this evening my Internet is down. Bloody aweful. Can't place any trade or check my status. I m with gomarkets and they don't provide phone app. Spewing big big time..
With Optus and had some connection issues. Might be the heat playing up.

Not worried coz it'll be some time before i can tp at 9800 lol
  • #9,078
  • Nov 16, 2009 6:50am Nov 16, 2009 6:50am
Well you are brave men to be shorting gold. I haven't got the guts

Daily Market Strategy attached. Good trades

Attached File(s)
File Type: pdf Market_Strategy_Daily_16_Nov_2009.pdf   136 KB | 529 downloads
Nothing worth having is easy.
  • #9,079
  • Nov 16, 2009 6:51am Nov 16, 2009 6:51am
Gain Capital Recommends Buy aud/usd On Cnbc


http://www.cnbc.com/id/15840232?video=1330050675&play=1
  • #9,080
  • Nov 16, 2009 6:54am Nov 16, 2009 6:54am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Patience
Well you are brave men to be shorting gold. I haven't got the guts

Daily Market Strategy attached. Good trades

Attachment
i have never traded gold before ... it is a bit

i closed my position and TP ...
47 traders viewing now