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AUD/USD

  • #13,481
  • Jan 14, 2010 7:18pm Jan 14, 2010 7:18pm
Quoting crak0
Is that the spot gold price in your chart?

Got my short trade in.. (possible hold for a few days depending on how it goes).

Looking around 1130-1135 as immediate TP if i'm looking to bail out today.
xau/usd
  • #13,482
  • Jan 14, 2010 7:38pm Jan 14, 2010 7:38pm
oh-well no cat's luck got stopped at BE
  • #13,483
  • Jan 14, 2010 7:39pm Jan 14, 2010 7:39pm
The euro currently looks weak, unless it gets a 4 hr close back above 1.4487 then i would look for it to close the week down around 1.4400. The dollar bull might be back by close tonight.
  • #13,484
  • Jan 14, 2010 7:42pm Jan 14, 2010 7:42pm
Quoting Daytrader74
Morning all,

Here's what I think will happen today based on my analysis and no I don't know how I can make a chart all pretty to post on here for Sinner :-)

It will climb up to 0.9350-0.9370 then head back down to about 0.9260-0.9250

Good luck to all pip hunters may the pipis be with you
How's this working for you?
  • #13,485
  • Jan 14, 2010 7:43pm Jan 14, 2010 7:43pm
Quoting Daytrader74
My longer term view is AUD down
Really?
The research that I've got so far are mostly showing aud up.
Fundamentally Australia's economy is already improving in a decent pace, where as a lot of US citizens are relying on only food stamps!
Apart from that, technically, my charts shows that aud is moving up as well.

How long is your long term view? 1 year? 2 years? or 5 years?
  • #13,486
  • Jan 14, 2010 7:44pm Jan 14, 2010 7:44pm
Quoting SlideLow
long at 9290 small lot, reason cat jumped on keyboard.
rofl. Is it a black cat or white cat?
  • #13,487
  • Jan 14, 2010 7:46pm Jan 14, 2010 7:46pm
  •  Ronin77
  • | Joined Dec 2008 | Status: เงินกินเปล่า | 95 Posts
Quoting amyc
The euro currently looks weak, unless it gets a 4 hr close back above 1.4487 then i would look for it to close the week down around 1.4400. The dollar bull might be back by close tonight.
euro usd is giving me mixed signals i have been closley watching this pair lately hoping for direction and an entry. looks like a bear flag on daily but forming a bull flag on 4 hr
Ronin77
  • #13,488
  • Jan 14, 2010 7:48pm Jan 14, 2010 7:48pm
Quoting GoldenGold
rofl. Is it a black cat or white cat?
siamese
  • #13,489
  • Jan 14, 2010 7:49pm Jan 14, 2010 7:49pm
Quoting GoldenGold
Really?
The research that I've got so far are mostly showing aud up.
Fundamentally Australia's economy is already improving in a decent pace, where as a lot of US citizens are relying on only food stamps!
Apart from that, technically, my charts shows that aud is moving up as well.

How long is your long term view? 1 year? 2 years? or 5 years?
6-12 months
  • #13,490
  • Jan 14, 2010 7:51pm Jan 14, 2010 7:51pm
Quoting TraderZer0
How's this working for you?
I'm still in my short trade and making pips so far so good
  • #13,491
  • Jan 14, 2010 7:53pm Jan 14, 2010 7:53pm
Quoting GoldenGold
Really?
The research that I've got so far are mostly showing aud up.
Fundamentally Australia's economy is already improving in a decent pace, where as a lot of US citizens are relying on only food stamps!
Apart from that, technically, my charts shows that aud is moving up as well.

How long is your long term view? 1 year? 2 years? or 5 years?

Fundamentally, I don't think you'll find anyone who will disgree that Aus economy > US economy.

Rather than the black and white question:
Is the Aus economy better than the US economy?
- Good chance it'd be close to a 100% yes response


A more appropriate question could be:
How much better is the Aus economy over the US economy?
- Then this is where the views differ. Hence why the AUD/USD could go down (because there are disgreements over how much better the economy is over the other).


^^ Purely from a fundamental view of things of course. Technically, a whole new ball game http://cdn.forexfactory.com/images/icons/icon7.gif
  • #13,492
  • Jan 14, 2010 7:54pm Jan 14, 2010 7:54pm
Quoting Ronin77
euro usd is giving me mixed signals i have been closley watching this pair lately hoping for direction and an entry. looks like a bear flag on daily but forming a bull flag on 4 hr
This is what I am looking at, the rejection of the highs on Wednesday at 1.4576, then the open below the yellow resistance on Thursday and now the open below the green midpoint today at 1.4587 sets up a bearish move down towards the green lows over the next few days. Could reach on Friday or maybe not till Monday. I would be suprised to see it above 1.4517 again this week.
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  • #13,493
  • Jan 14, 2010 7:59pm Jan 14, 2010 7:59pm
Quoting Daytrader74
I'm still in my short trade and making pips so far so good
Why trade in the opposite direction to your predicted market direction?

You clearly have NFI.

I'd suggest if you really want to learn to trade you spend less time posting the money tree garbage and more time analysing the posts of the really good traders on this site. Politely ask them questions about their method and analysis if you want to learn.

Alternatively, randomly quote the garbage analysis you've been putting up lately and continue to annoy the crap out of serious traders (and continue to wonder why you get grief on FF.)
  • #13,494
  • Jan 14, 2010 8:01pm Jan 14, 2010 8:01pm
Quoting crak0
Fundamentally, I don't think you'll find anyone who will disgree that Aus economy > US economy.

Rather than the black and white question:
Is the Aus economy better than the US economy?
- Good chance it'd be close to a 100% yes response


A more appropriate question could be:
How much better is the Aus economy over the US economy?
- Then this is where the views differ. Hence why the AUD/USD could go down (because there are disgreements over how much better the economy is over the other).


^^ Purely from a fundamental view of things of course....
Hmm agree on that.
There was a spike down as I'm typing. (Argh, I close out too early! Stupid me!)

What I think is the China and India factor has helped Aus, and is going to continue helping Aus economy.
There were speculations that Fed might raise interest rate probably in the middle of the year, but didn't Bernanke hinted the "extended period" factor? Although that's a bit vague with regards to how long will that be.

As for technical side, I'm stil new to it, what I see and think is usually what is NOT going to happen most of the time. lol.
  • #13,495
  • Jan 14, 2010 8:02pm Jan 14, 2010 8:02pm
Quoting crak0
A more appropriate question could be:
How much better is the Aus economy over the US economy?
I agree completely. As I put to a friend: do you think our policy rate will be 3.75% higher than USA forever? When the carry is unwound we could be back @ 0.70 in less than a month (but it might happen for another 6 months or more!)

Short term I am seeing the AUD climbing with little nervousness, like the way it shrugged off the Chinese bond news the other day. We will likely make 0.95 before EOM.
  • #13,496
  • Jan 14, 2010 8:02pm Jan 14, 2010 8:02pm
i think comparing the economies fundamental for trading is fundamentally flawed. Australia is the size of a city in the US. Of course the US is going to have more problems, but that's because it's very big and very wild. Even your central bank, when AU first reached .93, (1-2 months ago) said they are buying other currencies, cause they are cheap. I also heard the Australia Reverse Bank works for profit.
  • #13,497
  • Jan 14, 2010 8:02pm Jan 14, 2010 8:02pm
wow, can anyone explain what just happen?
  • #13,498
  • Jan 14, 2010 8:03pm Jan 14, 2010 8:03pm
OOoo... chill... itz an open forum
  • #13,499
  • Jan 14, 2010 8:07pm Jan 14, 2010 8:07pm
Quoting SlideLow
wow, can anyone explain what just happen?
Checked everywhere, no new announcement.
Another stuff up by another bank trader?????
  • #13,500
  • Jan 14, 2010 8:07pm Jan 14, 2010 8:07pm
Quoting TraderZer0
Why trade in the opposite direction to your predicted market direction?

You clearly have NFI.

I'd suggest if you really want to learn to trade you spend less time posting the money tree garbage and more time analysing the posts of the really good traders on this site. Politely ask them questions about their method and analysis if you want to learn.

Alternatively, randomly quote the garbage analysis you've been putting up lately and continue to annoy the crap out of serious traders (and continue to wonder why you get grief on FF.)
Thanks, I'm not wondering why I get grief on FF , as I have stated many times before I'm here to learn from others, share ideas and help others when possible. I've also stated that I trade how I like and I do not have to justify to you or anyone else how or why I trade the way I trade or when I place my trades.
Anyways best of luck to you and I wish you profitable trading.
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