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AUD/USD

  • #13,001
  • Jan 11, 2010 6:39pm Jan 11, 2010 6:39pm
Quoting shoeysfish
Hey Daytrader,

How you going?

The AUD with the house news

Do you think it will hit support at what you stated in prev post??

cheers
Hi shoeysfish,
I see the aussie running down to about 0.9250-0.9240 over the next few hours then heading back up
  • #13,002
  • Jan 11, 2010 6:40pm Jan 11, 2010 6:40pm
Quoting shoeysfish
cheers Clouds,

I am quite new at this, but that house news looks not real good, i shorted from 0.9300 and hoping that it will go down to Daytraders support quote in prev message.

cheers
Support 0.9124
  • #13,003
  • Jan 11, 2010 6:43pm Jan 11, 2010 6:43pm
Quoting Daytrader74
Hi shoeysfish,
I see the aussie running down to about 0.9250-0.9240 over the next few hours then heading back up
Thanks Daytrader,

Hoping to make this year a big one, have to recoup some heavy losses incurred over the holiday break and some more prior to the break, damm mistakes whilst learning!!

For a while there at the beginning I was not even analysising charts, just going crazy watching the numbers tick over on my trading platform.

However the learning curve has been positive and hopefully I will start to do allright.

cheers
  • #13,004
  • Jan 11, 2010 6:45pm Jan 11, 2010 6:45pm
Quoting shoeysfish
Thanks Daytrader,

Hoping to make this year a big one, have to recoup some heavy losses incurred over the holiday break and some more prior to the break, damm mistakes whilst learning!!

For a while there at the beginning I was not even analysising charts, just going crazy watching the numbers tick over on my trading platform.

However the learning curve has been positive and hopefully I will start to do allright.

cheers
You welcome
An optimist is a person who sees a green light everywhere. The pessimist sees only the red light. But the truly wise person is color blind.
  • #13,005
  • Jan 11, 2010 6:46pm Jan 11, 2010 6:46pm
Quoting shoeysfish
Support 0.9124
That's a pretty strong support and may bounce up from there, but hopefully a lower high - and continue down in the high 80's. Cheers.
  • #13,006
  • Jan 11, 2010 6:49pm Jan 11, 2010 6:49pm
Quoting Daytrader74
You welcome
An optimist is a person who sees a green light everywhere. The pessimist sees only the red light. But the truly wise person is color blind.
Yes i agree, and that would be a good frame of mind for fx. take the good with the bad.......and the bad with the good. Hopefully two steps forward, one step back, by the end of the year, be twice as many steps forward compared to how many steps I may take going backwards. Hope that makes sense LOL
  • #13,007
  • Jan 11, 2010 6:50pm Jan 11, 2010 6:50pm
Quoting Clouds
That's a pretty strong support and may bounce up from there, but hopefully a lower high - and continue down in the high 80's. Cheers.
Cheers and thanks Clouds!

regards

(and Daytrader for quoting this support)
  • #13,008
  • Jan 11, 2010 6:55pm Jan 11, 2010 6:55pm
Quoting shoeysfish
Yes i agree, and that would be a good frame of mind for fx. take the good with the bad.......and the bad with the good. Hopefully two steps forward, one step back, by the end of the year, be twice as many steps forward compared to how many steps I may take going backwards. Hope that makes sense LOL
As long as you enjoy investing, you'll be willing to do the homework and stay in the game. Because if you aren't interested, you'll either miss the opportunity to make money in the market or not pay enough attention and end up losing your shirt.
  • #13,009
  • Jan 11, 2010 7:09pm Jan 11, 2010 7:09pm
Quoting Daytrader74
As long as you enjoy investing, you'll be willing to do the homework and stay in the game. Because if you aren't interested, you'll either miss the opportunity to make money in the market or not pay enough attention and end up losing your shirt.
Yes, I do enjoy investing, enjoy it extremely when I make some, if i lose some, I like to try and work out how.

I think my biggest mistake before was that my expectations in regards to profit each trade was far too high, and would hold on hoping to reach a target profit, instead of analysing the charts and not profit.
  • #13,010
  • Jan 11, 2010 7:36pm Jan 11, 2010 7:36pm
Quoting Clouds
That's a pretty strong support and may bounce up from there, but hopefully a lower high - and continue down in the high 80's. Cheers.
IMHO, it will create a new high before going down to 0.8xxx.

weaker housing data is a combination of withdrawal of first home buyer grant (from 24K to 7K) + interest rate hike.

The key data will be the employment data which IMHO will be stronger than expected and then all of a sudden it will rise.

Strong employment + stronger retail sales = Good economy, high inflation = high interest rate

In US we have mixed employment and are awaiting the retail sales which will be better than expected mainly due to Xmas.

A real mix bag of data, IMHO.
  • #13,011
  • Jan 11, 2010 7:44pm Jan 11, 2010 7:44pm
Hi DayTrader74

Quoting Daytrader74
Hi shoeysfish,
I see the aussie running down to about 0.9250-0.9240 over the next few hours then heading back up
Is there any chance you post sometimes a chart to support your prediction?

Thanks

harom
  • #13,012
  • Jan 11, 2010 8:03pm Jan 11, 2010 8:03pm
Quoting harom
Hi DayTrader74



Is there any chance you post sometimes a chart to support your prediction?

Thanks

harom
Not sure how this chart will show up I saved it on MT4 first time I do that !
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 20 KB
  • #13,013
  • Jan 11, 2010 8:09pm Jan 11, 2010 8:09pm
Quoting puks
IMHO, it will create a new high before going down to 0.8xxx.
Maybe. .9320 stopped it 3 out of 4 times though.
  • #13,014
  • Jan 11, 2010 8:13pm Jan 11, 2010 8:13pm
long here,0.9252, i think aud will go up in 1 or 2 hrs, put SL/TP later
  • #13,015
  • Jan 11, 2010 8:17pm Jan 11, 2010 8:17pm
Quoting Daytrader74
You welcome
An optimist is a person who sees a green light everywhere. The pessimist sees only the red light. But the truly wise person is color blind.
Color blind
  • #13,016
  • Jan 11, 2010 8:30pm Jan 11, 2010 8:30pm
its time to get up now, looking at lease 20-30pips
  • #13,017
  • Jan 11, 2010 8:33pm Jan 11, 2010 8:33pm
Quoting Clouds
Maybe. .9320 stopped it 3 out of 4 times though.
9245 is a major support. I dont think it will cross it today. I closed my shorts on 9245 with double position making me nett long from 9245. TP 9280 for half, and 9310 in extention for the other half. I am still short on Gold from 1158 average. Thursday figures will be very important.
On the other side of the coin, Astrologically 15th Jan ( Friday) is a very important day with 3 retrogates. This would certainlt have a major impact on the markets. Many leading astrologers are predicting major shifts in the political areas ( govts in distress). So combining all these ( fundamental, Technical and astrological) tells me to go long on AUD, till Thursday and short the DJ, DAX and FTSE on Friday. But then again, these are my humble opinion. Time will tell...
Find a job that you love and you dont have to work again in your life.
  • #13,018
  • Jan 11, 2010 8:46pm Jan 11, 2010 8:46pm
AUD/USD: Continues To Get Slammed Lower As USD Broadly Higher Sydney, January 12: The AUD/USD continues to get hit hard on waves of profit taking that started when Alcoa disappointed analysts in the after-hours; pick up steam when Aus housing finance came in much worse than expected and accelerated when an official form the China SWF commented that the USD has bottomed.
The AUD/USD has now filled in the gap created between Friday"s 0.9245 close and the Asian open at 0.9285 on Monday morning - that was created by the much stronger than expected China trade data released on Sunday. There is some hourly support around 0.9230 and buyers are expected to emerge ahead of that level.
  • #13,019
  • Jan 11, 2010 8:58pm Jan 11, 2010 8:58pm
Quoting Daytrader74
AUD/USD: Continues To Get Slammed Lower As USD Broadly Higher Sydney, January 12: The AUD/USD continues to get hit hard on waves of profit taking that started when Alcoa disappointed analysts in the after-hours; pick up steam when Aus housing finance came in much worse than expected and accelerated when an official form the China SWF commented that the USD has bottomed.
The AUD/USD has now filled in the gap created between Friday"s 0.9245 close and the Asian open at 0.9285 on Monday morning - that was created by the much stronger than expected...
if you've got this commentary from your retail broker, then I think you might wanna consider changing broker.

As I explained y'day, there is no such thing as gap in FX market.

AUD did actually open at .9246 at 8 am sydney time.
  • #13,020
  • Jan 11, 2010 9:03pm Jan 11, 2010 9:03pm
Quoting puks
if you've got this commentary from your retail broker, then I think you might wanna consider changing broker.

As I explained y'day, there is no such thing as gap in FX market.

AUD did actually open at .9246 at 8 am sydney time.
Yes and whom may you suggest for me ?
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