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AUD/USD

  • #9,441
  • Nov 19, 2009 8:18pm Nov 19, 2009 8:18pm
A good question. Some say, yes there is.

Quoting franco73
is there a true correlation between gold and aud?
  • #9,442
  • Nov 19, 2009 8:19pm Nov 19, 2009 8:19pm
Quoting Leche Mocha
A good question. Some say, yes there is.

thanks

so could this be causing the slippage on aud then?
NOTHING VENTURED, NOTHING GAINED
  • #9,443
  • Nov 19, 2009 8:21pm Nov 19, 2009 8:21pm
Keep those great calls coming. You are the Indiana Jones of Forex.
Quoting shahab8b
Hey Leche Mocha, that's why I share my trade calls here, to make others wealthy with that crystal skull
  • #9,444
  • Nov 19, 2009 8:24pm Nov 19, 2009 8:24pm
looks like we are shorting the aud then ha?
NOTHING VENTURED, NOTHING GAINED
  • #9,445
  • Nov 19, 2009 8:38pm Nov 19, 2009 8:38pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting shahab8b
I have a short Gold position from 1,143 ,
lucky man ... i missed my entry by 9 pips ...

on a different note i still believe we should see one more 150 before 126 and 111 ...
  • #9,446
  • Nov 19, 2009 8:47pm Nov 19, 2009 8:47pm
catching a few pips on the way down, i might still keep my long open though, we shall see
NOTHING VENTURED, NOTHING GAINED
  • #9,447
  • Nov 19, 2009 8:48pm Nov 19, 2009 8:48pm
Quoting Leche Mocha
A good question. Some say, yes there is.
the real and inverse correlation is between gold and usd

I am short from 1134, but I don't want to increase my position until I see clear strenght in USD, that would mean EURUSD below 1.4810 and GBPUSD below 1.6515 and AUDUSD stable below yesterday's low
  • #9,448
  • Nov 19, 2009 9:01pm Nov 19, 2009 9:01pm
Quoting fammira
the real and inverse correlation is between gold and usd

I am short from 1134, but I don't want to increase my position until I see clear strenght in USD, that would mean EURUSD below 1.4810 and GBPUSD below 1.6515 and AUDUSD stable below yesterday's low
thanks for that explanation, my question is what might be strengthening the usd, im stumped at this.
NOTHING VENTURED, NOTHING GAINED
  • #9,449
  • Nov 19, 2009 9:18pm Nov 19, 2009 9:18pm
Quoting Sunnyjain
Can any body tell me why AUD is going down from last three days?
I am long from 9270..! What is happening?

AUD has been on an uptrend and is testing a trend line on the daily chart. If you put on a position and the market goes against you take your stop and step back and look at the technicals and see if you can find support and resistance area. Markets trade from S/R to S/R. Trading is a numbers game and we will be wrong some of the time.
Chris
  • #9,450
  • Nov 19, 2009 9:26pm Nov 19, 2009 9:26pm
Quoting franco73
is there a true correlation between gold and aud?
Hi Franco, the correlation between Gold and AUDUSD was 0.94 in Oct, (1 means perfect correlation)
I enclosed a report which you can see different currency pair correlation and Gold ,Oil and others. look at page 3,
BTW ,this report has been posted by Patience,
Attached File(s)
File Type: pdf BOSMarketStrategyDaily20Oct2009.pdf   96 KB | 398 downloads
  • #9,451
  • Nov 19, 2009 9:32pm Nov 19, 2009 9:32pm
Quoting shahab8b
Hi Franco, the correlation between Gold and AUDUSD was 0.94 in Oct, (1 means perfect correlation)
I enclosed a report which you can see different currency pair correlation and Gold ,Oil and others. look at page 3,
BTW ,this report has been posted by Patience,
sweet thanks
NOTHING VENTURED, NOTHING GAINED
  • #9,452
  • Nov 19, 2009 9:41pm Nov 19, 2009 9:41pm
engulfing bull candle atm on h1 mmmmm
NOTHING VENTURED, NOTHING GAINED
  • #9,453
  • Nov 19, 2009 9:57pm Nov 19, 2009 9:57pm
I think now is really buy ...




Look at this picture ....


Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 37 KB
"Buy on fear, sell on greed !!!
  • #9,454
  • Nov 19, 2009 10:01pm Nov 19, 2009 10:01pm
may the pips come to us all like the rains in sydney HARD AND FAST
NOTHING VENTURED, NOTHING GAINED
  • #9,455
  • Nov 19, 2009 10:04pm Nov 19, 2009 10:04pm
Quoting Petar_Serbia
I think now is really buy ...




Look at this picture ....


Cheers
Hi, did you get a heart attack or not , I remember your stop loss was at .9140 ,if you didnt move it when it went down . but it was close, do remebemr I said it was not a good level for Long? now the picture is getting more clear, but as far as .9215 holds the short term bias is Bearish.
  • #9,456
  • Nov 19, 2009 10:13pm Nov 19, 2009 10:13pm
Quoting shahab8b
Hi, did you get a heart attack or not , I remember your stop loss was at .9140 ,if you didnt move it when it went down . but it was close, do remebemr I said it was not a good level for Long? now the picture is getting more clear, but as far as .9215 holds the short term bias is Bearish.
i agree, it seemed to have been too big a hurdle earlier
NOTHING VENTURED, NOTHING GAINED
  • #9,457
  • Nov 19, 2009 10:37pm Nov 19, 2009 10:37pm
Quoting puks
Ben, I am still locked in the loss as Price didn't move below .9125 (missed the TP by 9 pips :-(( ) neither she moved above .9250.
Hi Puks, how is it going? what's the situation?
  • #9,458
  • Nov 19, 2009 10:46pm Nov 19, 2009 10:46pm
Quoting shahab8b
Hi, did you get a heart attack or not , I remember your stop loss was at .9140 ,if you didnt move it when it went down . but it was close, do remebemr I said it was not a good level for Long? now the picture is getting more clear, but as far as .9215 holds the short term bias is Bearish.
Hi Shahab8b,

I agree. I think Europe/London will bring this beast down to about .9120 (well I hope so as my TP for shorts is at .9224).

Failing to hold .9100 will see this down to .9050 where a lot of ACB's are lined up with massive bids.

Should be an interesting day with London fix at 1600 GMT.
  • #9,459
  • Nov 19, 2009 10:48pm Nov 19, 2009 10:48pm
Both Gold and Oil are up.

As long as that continues, this will go higher.
  • #9,460
  • Nov 19, 2009 10:50pm Nov 19, 2009 10:50pm
Quoting Skylar Locke
Both Gold and Oil are up.

As long as that continues, this will go higher.
NOTHING VENTURED, NOTHING GAINED
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