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AUD/USD

  • #13,121
  • Jan 12, 2010 5:02pm Jan 12, 2010 5:02pm
Here we go......shake that money tree baby
  • #13,122
  • Jan 12, 2010 5:05pm Jan 12, 2010 5:05pm
Quoting tradoholic
(Traders say there has been evidence of sovereign buying of the AUD/USD below 0.9200 that has helped to underpin and absorb the long-covering flows. ) In this case what chance do we have of making money from our shorts?

believe in such comments at your peril.

whoever claims to have an insider info can get a big kick on backside. Market moving transactions happen at BIS level and no broker/trader/tom/dick/harry has any information on what their books look like.

In FX market, banks and soverign funds often fight against each other. They've got nothing to do with retail traders' money because we hardly make up 1% of the entire FX market.

I am still long with TP of .9342 - came agonishingly close to my S/L at .9165
  • #13,123
  • Jan 12, 2010 5:11pm Jan 12, 2010 5:11pm
I did not relaize the dollar amount was so miniscule for the retail traders
I to almost hit the S/L and have been sweating...
  • #13,124
  • Jan 12, 2010 5:16pm Jan 12, 2010 5:16pm
Quoting Mckal41
I did not relaize the dollar amount was so miniscule for the retail traders
I to almost hit the S/L and have been sweating...
Well, FX market is a 3 Trillion dollar a day market. 1% of that is 30 billion.
  • #13,125
  • Jan 12, 2010 5:17pm Jan 12, 2010 5:17pm
At this exact point in time, I favor shorting everything against the USD and shorting everything against CAD.
  • #13,126
  • Jan 12, 2010 5:18pm Jan 12, 2010 5:18pm
AUDUSD BULLISH While 0.9124 low holds, expect a bounce to 0.9326 ahead of the 0.9406 trend
high.
  • #13,127
  • Jan 12, 2010 5:20pm Jan 12, 2010 5:20pm
does all this happen when london opens?
  • #13,128
  • Jan 12, 2010 5:21pm Jan 12, 2010 5:21pm
Quoting Daytrader74
AUDUSD BULLISH While 0.9124 low holds, expect a bounce to 0.9326 ahead of the 0.9406 trend
high.


Hmm, I'm seeing .9215 hold, and expect a bounce down to .91
  • #13,129
  • Jan 12, 2010 5:21pm Jan 12, 2010 5:21pm
Hey Daytrader,

You still long and about to shake it???
  • #13,130
  • Jan 12, 2010 5:22pm Jan 12, 2010 5:22pm
Quoting shoeysfish
Hey Daytrader,

You still long and about to shake it???
Sure am come shake it with me
  • #13,131
  • Jan 12, 2010 5:24pm Jan 12, 2010 5:24pm
Quoting Daytrader74
Sure am come shake it with me
Yes No probs, need to shake it reeeaaalll hard today
  • #13,132
  • Jan 12, 2010 5:26pm Jan 12, 2010 5:26pm
Quoting shoeysfish
Yes No probs, need to shake it reeeaaalll hard today
well lets it all shake it together
  • #13,133
  • Jan 12, 2010 5:27pm Jan 12, 2010 5:27pm
On second thought I am glad i closed my short order.
I see many of you do not trade the fib levels but here is a chart.
Unless a 4H bar opens below 0.9185, I am not entering any more shorts.
Attached Image
  • #13,134
  • Jan 12, 2010 5:29pm Jan 12, 2010 5:29pm
Quoting Clouds
Hmm, I'm seeing .9215 hold, and expect a bounce down to .91
I just added one more short in AUD, closed my Gold short, and went short on ASX200, and Lihir Gold and Newcrest (for those who do shares as well). So basically anything related to Gold and commodities should pull back even if it is temp.
Find a job that you love and you dont have to work again in your life.
  • #13,135
  • Jan 12, 2010 5:32pm Jan 12, 2010 5:32pm

AUD was the underperformer of the evening

, with its fortunes
closely related to China, falling from 0.9300 at the domestic close
to 0.9171 a few minutes ago. NZD unsuccessfully attempted to
break above the key 0.7430 level twice after the close, and has
pulled back modestly to 0.7370. AUD/NZD lost ground throughout


the evening, from 1.2520 to 1.2440.
Find a job that you love and you dont have to work again in your life.
  • #13,136
  • Jan 12, 2010 5:32pm Jan 12, 2010 5:32pm
I couldn't care less whether it goes up or down today, my shorts are for the longterm.
  • #13,137
  • Jan 12, 2010 5:33pm Jan 12, 2010 5:33pm
Quoting tradoholic
I just added one more short in AUD, closed my Gold short, and went short on ASX200, and Lihir Gold and Newcrest (for those who do shares as well). So basically anything related to Gold and commodities should pull back even if it is temp.
I don't even see this as temp. UJ reached major support. Other currencies should start to get weak and keel over. CAD and USD should both stay strong though, IMO.

Look at AUD/USD it bounced 10 pips and people are going long on it. It's painful to watch.
  • #13,138
  • Jan 12, 2010 5:36pm Jan 12, 2010 5:36pm
Quoting Clouds
I don't even see this as temp. UJ reached major support. Other currencies should start to get weak and keel over. CAD and USD should both stay strong though, IMO.

Look at AUD/USD it bounced 10 pips and people are going long on it. It's painful to watch.
I don't think this is temporary either, the indicies were ideal shorting this week, and i think that the usd has finally arranged itself into a position that makes going up a real possibility in the next 24 hours.
  • #13,139
  • Jan 12, 2010 5:37pm Jan 12, 2010 5:37pm
Quoting Daytrader74
well lets it all shake it together
That reminds me of the tree in Avatar, or some sort of FX Pagan Ceremony LOL
  • #13,140
  • Jan 12, 2010 5:48pm Jan 12, 2010 5:48pm
Quoting shoeysfish
That reminds me of the tree in Avatar, or some sort of FX Pagan Ceremony LOL
Lets shake it again.....Everything going according to plan but Lihir is not moving.
Find a job that you love and you dont have to work again in your life.
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