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AUD/USD

  • #11,061
  • Dec 7, 2009 7:35pm Dec 7, 2009 7:35pm
Quoting Mckal41
I got caught on a long just hoping to pick up enough pips to minimize the damage
I think so but there is a possibility we see 9103 first
  • #11,062
  • Dec 7, 2009 7:38pm Dec 7, 2009 7:38pm
thats what I am afraid of! .9301 I was so close on the TP missed by 3 pips! rats now I play the suffering game...poor guy!
  • #11,063
  • Dec 7, 2009 7:40pm Dec 7, 2009 7:40pm
that was either wishful thinking or dyslexia....9301 would make my day!
  • #11,064
  • Dec 7, 2009 7:53pm Dec 7, 2009 7:53pm
Quoting Mckal41
that was either wishful thinking or dyslexia....9301 would make my day!
9301 ??
  • #11,065
  • Dec 7, 2009 7:54pm Dec 7, 2009 7:54pm
.9103....dyslexic
  • #11,066
  • Dec 7, 2009 8:15pm Dec 7, 2009 8:15pm
Quoting Mckal41
.9103....dyslexic
Yeah! thats more like it
  • #11,067
  • Dec 7, 2009 8:30pm Dec 7, 2009 8:30pm
Blow out cooking in the oven...... should be soon.
Find a job that you love and you dont have to work again in your life.
  • #11,068
  • Dec 7, 2009 8:34pm Dec 7, 2009 8:34pm
Quoting tradoholic
Blow out cooking in the oven...... should be soon.
What you mean ?
  • #11,069
  • Dec 7, 2009 8:37pm Dec 7, 2009 8:37pm
It was trading within a very narrow range and I could see the set up for a blow out from 9146, which happened. Down to 9131. It still looks weak though but not enough force to go further south.
Find a job that you love and you dont have to work again in your life.
  • #11,070
  • Dec 7, 2009 8:41pm Dec 7, 2009 8:41pm
Quoting tradoholic
It was trading within a very narrow range and I could see the set up for a blow out from 9146, which happened. Down to 9131. It still looks weak though but not enough force to go further south.
Oh ok...you short or long?
  • #11,071
  • Dec 7, 2009 8:47pm Dec 7, 2009 8:47pm
Quoting Daytrader74
Oh ok...you short or long?
It is short ofcourse, but as I said volume is not that heavy to push it down further than 9131 at this stage. If it goes past, then next one is 9123, and 9117 then down 9104. But at the moment its slow....
Find a job that you love and you dont have to work again in your life.
  • #11,072
  • Dec 7, 2009 8:49pm Dec 7, 2009 8:49pm
0436 GMT [Dow Jones] AUD/USD remains well supported, prospects for firmer U.S. economic recovery bodes well for pair, meaning investors should stay bullish AUD, say BNP Paribas FX Strategists. "We remain bullish AUD; while we feel that appreciation from here is likely to be limited; the clearing-out of short-term longs on Friday may provide an opportunity for the pair to regain 0.9300." Last 0.9135. (EGC)

With Uncle Glens speech tonight likely to be hawkish and thursdays employment likely to be good I think downside is limited at the moment, although Westpac just said wait for a dip to .9110 to go long.
Price is what you pay. Value is what you get
  • #11,073
  • Dec 7, 2009 8:55pm Dec 7, 2009 8:55pm
Quoting Scalpin
0436 GMT [Dow Jones] AUD/USD remains well supported, prospects for firmer U.S. economic recovery bodes well for pair, meaning investors should stay bullish AUD, say BNP Paribas FX Strategists. "We remain bullish AUD; while we feel that appreciation from here is likely to be limited; the clearing-out of short-term longs on Friday may provide an opportunity for the pair to regain 0.9300." Last 0.9135. (EGC)

With Uncle Glens speech tonight likely to be hawkish and thursdays employment likely to be good I think downside is limited at the moment,...
I agree with the long term, but for now I think its short sentiment. Here are my three charts of 1,5, and 15 with MACDs, There is nothing positive at this point of time.
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Find a job that you love and you dont have to work again in your life.
  • #11,074
  • Dec 7, 2009 9:58pm Dec 7, 2009 9:58pm
Most of those that are short aud/usd agree it's going down, but the question remains, where too. .85 or .84 is a safe place to re-evaluate things
  • #11,075
  • Dec 7, 2009 10:15pm Dec 7, 2009 10:15pm
Quoting Clouds
Most of those that are short aud/usd agree it's going down, but the question remains, where too. .85 or .84 is a safe place to re-evaluate things
This (.84/.85) cannot happen without some major data, such as Fed starting to raise rates, which is unlikely for 6 months or more.
Many economists are predicting 2010 will be a harsher year for Fed than 2009.

Remember that if you only trade technical analysis you are only half the trader that you could be. (This is NOT directed at anybody in particular)
Price is what you pay. Value is what you get
  • #11,076
  • Dec 7, 2009 10:19pm Dec 7, 2009 10:19pm
Quoting Scalpin
This (.84/.85) cannot happen without some major data, such as Fed starting to raise rates, which is unlikely for 6 months or more.
Many economists are predicting 2010 will be a harsher year for Fed than 2009.

Remember that if you only trade technical analysis you are only half the trader that you could be. (This is NOT directed at anybody in particular)
computer algorithms disagree, the usd index is at a very low point, and it's in for correction for next 4-6 months.
  • #11,077
  • Dec 7, 2009 10:32pm Dec 7, 2009 10:32pm
RBA chief speaks in about 3 hours time..no doubt he will be hawkish as per normal.
  • #11,078
  • Dec 7, 2009 11:08pm Dec 7, 2009 11:08pm
Quoting siboy
RBA chief speaks in about 3 hours time..no doubt he will be hawkish as per normal.
didn't the RBA chief, or someone from RBA say they were selling Aussie and that it was over valued.
  • #11,079
  • Dec 7, 2009 11:27pm Dec 7, 2009 11:27pm
Quoting Clouds
didn't the RBA chief, or someone from RBA say they were selling Aussie and that it was over valued.
Think it was someone referring to the Kiwi $ Clouds
  • #11,080
  • Dec 7, 2009 11:29pm Dec 7, 2009 11:29pm
drifting lower as we head towards the speach....maybe a good buying opportunity there...am out of my longs at 0.9120 and now short at 0.9112.....TP 0.9075
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