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AUD/USD

  • #11,401
  • Dec 10, 2009 5:08pm Dec 10, 2009 5:08pm
Quoting Daytrader74
Dont worry, the AUD will follow the gold up shortly...its just lagging a little
IMHO, yesterday was the best chance for AUD to follow through the highs of .9180 but it chickened out.

Traders wont be overly long leading into retail US sales figure (which IMHO will come better than expected). As we've seen recently, a good US numbers ==> better for US$ (Positive co-relation) will come into play.

I cleared all my longs at .9180 and now NETT short this pair.

It will reverse after a convincing break above .9220
  • #11,402
  • Dec 10, 2009 5:15pm Dec 10, 2009 5:15pm
Quoting puks
IMHO, yesterday was the best chance for AUD to follow through the highs of .9180 but it chickened out.

Traders wont be overly long leading into retail US sales figure (which IMHO will come better than expected). As we've seen recently, a good US numbers ==> better for US$ (Positive co-relation) will come into play.

I cleared all my longs at .9180 and now NETT short this pair.

It will reverse after a convincing break above .9220
I was short from 9171 this morning and cleared all at 9160 after I saw Gold rising. The only thing in the back of my mind is the news from China. Could it be that traders are dropping the AU before the news to pick it later? It normally happens. Also good numbers for china has historically improved the AUD. I am going out now holding only shorts in Gold from last week, S&P and US30 from close this morning which I intend to keep as souvenirs. Will see you all in europe session. Good luck
Find a job that you love and you dont have to work again in your life.
  • #11,403
  • Dec 10, 2009 5:45pm Dec 10, 2009 5:45pm
I guess one factor thats slowing any pushes higher is that the RBA is on break and won't be raising rates till March.

Hopefully though with further positive data they will be forced to do so earlier in February.
  • #11,404
  • Dec 10, 2009 6:29pm Dec 10, 2009 6:29pm
why is it that the AUD rises with gold and the US$ tanks?
  • #11,405
  • Dec 10, 2009 6:34pm Dec 10, 2009 6:34pm
I see the question was already posted...if I were to wager a guess its that we are not on the gold standard and have flooded the money supply to the point of saturation
thank you US govt'
  • #11,406
  • Dec 10, 2009 7:09pm Dec 10, 2009 7:09pm
kiwi still thinking at the moment

http://img01.imagefra.me/img/img01/1...jm_178833f.png
  • #11,407
  • Dec 10, 2009 7:25pm Dec 10, 2009 7:25pm
Quoting ben10
kiwi still thinking at the moment

http://img01.imagefra.me/img/img01/1...jm_178833f.png
Hey Ben, what program are you using to draw those lovely charts ?
  • #11,408
  • Dec 10, 2009 7:27pm Dec 10, 2009 7:27pm
Quoting js5020
Thanks for the idea Ben,, I usually tag every 3hr candle with a trade as long as there is some positive movement and then close out the whole position when things go sour either by a pullback on the last trade of X pips from entry or by getting an opposing trade signal, at the moment,, trying to break a bad habit of taking profits to soon and leaving Way to much on the table.
i add more as im bullish, anyway from the daily spectacles i see there is possibility she break the 83.00 as long as the support of 80.00 stayed.

http://img39.imagefra.me/img/img39/1...dm_f1e83fe.png
  • #11,409
  • Dec 10, 2009 7:28pm Dec 10, 2009 7:28pm
got to go to work see you all tonite, Ciao!
  • #11,410
  • Dec 10, 2009 7:29pm Dec 10, 2009 7:29pm
awww the heck with it,, Im taking the money and runnin,, tired a watching, 106 pip on the position,, 6.5% dont want to be to greedy. Ill wait till London comes on see if they got any more. Good hunting all.
  • #11,411
  • Dec 10, 2009 7:31pm Dec 10, 2009 7:31pm
Stuck at the 50% Fibbo line, a breakout's imminent

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  • #11,412
  • Dec 10, 2009 9:14pm Dec 10, 2009 9:14pm
Quoting sax
Stuck at the 50% Fibbo line, a breakout's imminent

yes, butch which way?
  • #11,413
  • Dec 10, 2009 9:23pm Dec 10, 2009 9:23pm
Quoting puks
IMHO, yesterday was the best chance for AUD to follow through the highs of .9180 but it chickened out.

Traders wont be overly long leading into retail US sales figure (which IMHO will come better than expected). As we've seen recently, a good US numbers ==> better for US$ (Positive co-relation) will come into play.

I cleared all my longs at .9180 and now NETT short this pair.

It will reverse after a convincing break above .9220
thats exactly what i think
EXACTLY
i was reading the posts before i add mine but i found everything i wanna say in ur post
  • #11,414
  • Dec 10, 2009 9:41pm Dec 10, 2009 9:41pm
i see this trend got so weak , i have to altenratives for it
first one is that the price will fall down from here on a down trend back to 8950 , As this might be the end of the correction up ABC

second count which is ( WHAT I FAVOR OR SEE MORE ) is that the trend will travel up to the area between the 2 dark red lines 9200 9225 . and thats a very good area for rebound and then it ll face a massive sell orders and will fall down and the count will be that we r in wave 4 in wave C and we need a 5 before a fall down ,, it makes more sence for me

maximum this trend will reach is 9250 in my prospective

i added short yesterday on 9185 and i ll add more on 92 9225 ,
i think today the market will start to look at the good news for the USD and give the proper effect for it ,, the UC wasnt that bad but the Trade balance was very good i think , and it ll reflect back on the dollar today or next week
one more thing ,, the s&p 500 ralied yesterday but stopped out at a resistance level and started to bent down , BUT THE GOLD didnt rally with the Equities and the AUD NZD ,, i cant call this a base for the gold yet till i see a bounce to 160 or something
on a weak dollar yesterday , AUD NZD took advatnage but the GOLD didnt , thats very bearish for me ,
happy hunt guys
Attached Image (click to enlarge)
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  • #11,415
  • Dec 10, 2009 9:42pm Dec 10, 2009 9:42pm
Quoting Daytrader74
Dont worry, the AUD will follow the gold up shortly...its just lagging a little
where do u think it ll reach up daytrader ?
whats ur long target ?
  • #11,416
  • Dec 10, 2009 10:27pm Dec 10, 2009 10:27pm
Hi all,
Just got back and nothing has changed. Boring afternoon. Well based on my manual calculations, I see the dollar at its highs now ( max 9210 or so) with the next wave to take it down below the last low (should be about 89.8 or so). If we see dollar past 9210 that increases the degree of elevation ( or deviation from trend line) on my chart and hence lower will be the bottom on the way down( 89.40 or so).
But for now I can see much happeing. Just a hint of sormation of a small drop on one minute......... Long shot though not enough to act on it.
Find a job that you love and you dont have to work again in your life.
  • #11,417
  • Dec 10, 2009 10:41pm Dec 10, 2009 10:41pm
Quoting tradoholic
Hi all,
Just got back and nothing has changed. Boring afternoon. Well based on my manual calculations, I see the dollar at its highs now ( max 9210 or so) with the next wave to take it down below the last low (should be about 89.8 or so). If we see dollar past 9210 that increases the degree of elevation ( or deviation from trend line) on my chart and hence lower will be the bottom on the way down( 89.40 or so).
But for now I can see much happeing. Just a hint of sormation of a small drop on one minute......... Long shot though not enough to act...
Yes has been very boring Trado...all the action today seems in the yen crosses...agree with your reflections..anyway it's time for a beer (where I am anyway)
  • #11,418
  • Dec 10, 2009 10:44pm Dec 10, 2009 10:44pm
Does anyone think todays oil auctions in Iraq might show us the lowest prices of oil and gold for a long time to come? Im bullish on AUD/USD
The greatest force on earth is compound interest.
  • #11,419
  • Dec 10, 2009 10:52pm Dec 10, 2009 10:52pm
Quoting Jesus4748
where do u think it ll reach up daytrader ?
whats ur long target ?
I see it going up to about 0.9235-0.9255 my target TP is at 0.9240
  • #11,420
  • Dec 10, 2009 10:53pm Dec 10, 2009 10:53pm
Quoting sebastionay
Does anyone think todays oil auctions in Iraq might show us the lowest prices of oil and gold for a long time to come? Im bullish on AUD/USD
if the gold falls then the AUD falls and a boost for the dollar
so how comes u r bullish on the AUD if u think the oil and gold will fall
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