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AUD/USD

  • #14,141
  • Jan 20, 2010 6:57pm Jan 20, 2010 6:57pm
Quoting Daytrader74
Please refer to my earlier post http://www.forexfactory.com/showpost...ostcount=14118, I'm still in my trade , nothing has changed for me.
I remember sorry, for some reason I had it in my head that you were out at .9130 from that buy at .9075. Well I am in it with you. I set my TP at .9175 , but I will have my hand on the trigger for any consolidation if we get over .9150. Good luck...
  • #14,142
  • Jan 20, 2010 7:00pm Jan 20, 2010 7:00pm
Quoting Ducci
I remember sorry, for some reason I had it in my head that you were out at .9130 from that buy at .9075. Well I am in it with you. I set my TP at .9175 , but I will have my hand on the trigger for any consolidation if we get over .9150. Good luck...
Thank you and good luck to you as well.
  • #14,143
  • Jan 20, 2010 7:06pm Jan 20, 2010 7:06pm
Quoting Fibo_trader
Im going short now - 0.9130, SL 0.9150, TP 0.9105.

15m and 3h fibonacci. And 1h before Chine news release move SL to BE, because no one know news effect. =)
Ohh.. looks that my target was reached in 2 minutes! ^^ But without me.. =(
  • #14,144
  • Jan 20, 2010 7:19pm Jan 20, 2010 7:19pm
There's too much bearish pressure, not time for long, IMO
  • #14,145
  • Jan 20, 2010 7:30pm Jan 20, 2010 7:30pm
What's the positive news on AUD?

China's #'s weak.

Gold weak.

RBA really likely to raise rate early Feb?

What's the negative news on USD?

I'm biased to weaker AUD, and I'd really like to see some logical fundamentals or technicals that agree or disagree.
  • #14,146
  • Jan 20, 2010 7:39pm Jan 20, 2010 7:39pm
Quoting kilalik
are u sure bad news from CHina will move it up? i'm so tired i can't think at the moment i'm nodding my head
I think you read that post backwards. I'm saying positive #'s from China will move it up. Negative #'s from China should move it down.

IMHO the two most important factors for the AUD, outside the USD, is gold and China.
  • #14,147
  • Jan 20, 2010 7:41pm Jan 20, 2010 7:41pm
so everybody's still up for retracement to 9130-9150? hows the china news that didnt meet the expectation gona affect that..its seems that the aud pushed down abit. need guidance. thanks
  • #14,148
  • Jan 20, 2010 7:51pm Jan 20, 2010 7:51pm
Quoting TheTopBloke
I'd really like to see some logical fundamentals or technicals that agree or disagree.
yes, i need to see some fundamentals especialy
  • #14,149
  • Jan 20, 2010 7:53pm Jan 20, 2010 7:53pm
IMHO Chinese news was a mix bag, which is a best case scenario for AUD. why?

1. If the GDP was much higher than expected, the credit tigetening would have gathered pace to fight the bubble. Current GDP is now fully priced in.
2. If GDP and other data was too low, fresh doubts would have emerged about pace of global recovery.

Current set of mix data would calm some nervous traders and risk trading would slowly and surely creep in as the Europe and US digest the data.

Gold has fallen more than $40 from its 1160 high. Expect some retracement back to about 1125-30 in coming days.



Quoting TheTopBloke
What's the positive news on AUD?

China's #'s weak.

Gold weak.

RBA really likely to raise rate early Feb?

What's the negative news on USD?

I'm biased to weaker AUD, and I'd really like to see some logical fundamentals or technicals that agree or disagree.
  • #14,150
  • Jan 20, 2010 8:00pm Jan 20, 2010 8:00pm
Quoting Daytrader74
Thank you and good luck to you as well.
When I originally bought my long position my 15 minute chart was screaming don't do it, but I spent too much time on the forum and did. Anyway the good news is it is looking much better from a short term indicator then it did earlier. Not perfect, but beter then the last 30 minutes.
  • #14,151
  • Jan 20, 2010 8:02pm Jan 20, 2010 8:02pm
Quoting Ducci
When I originally bought my long position my 15 minute chart was screaming don't do it, but I spent too much time on the forum and did. Anyway the good news is it is looking much better from a short term indicator then it did earlier. Not perfect, but beter then the last 30 minutes.
Always believe in your trading decision and never hesitate.
  • #14,152
  • Jan 20, 2010 8:06pm Jan 20, 2010 8:06pm
looks like the yen pairs are trying to recover.
does anyone use trailing stops, of like 50?
  • #14,153
  • Jan 20, 2010 8:18pm Jan 20, 2010 8:18pm
well it looks like i was right about this pair recovering, it's just AUD nature to recover during Asian OPen. ohh well missed out only on 20 pips, nut at least i slept really good, i'm gonna squeeze 2 more hours of sleep. be back before EU/UK open
  • #14,154
  • Jan 20, 2010 8:29pm Jan 20, 2010 8:29pm
went long ~0.9081, stop moved up to 0.9101, targeting ~0.9060
  • #14,155
  • Jan 20, 2010 8:30pm Jan 20, 2010 8:30pm
Quoting Daytrader74
Always believe in your trading decision and never hesitate.
I have a line at .91282, and it is really butting up against it. My CCI indicator is still pretty week for it bounce back down just yet, but it is sitting in this area a little too long.
  • #14,156
  • Jan 20, 2010 8:43pm Jan 20, 2010 8:43pm
Quoting Clouds
looks like the yen pairs are trying to recover.
does anyone use trailing stops, of like 50?
Just how trailing stops work ?

Never got my head around it ... if it keeps moving ?
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  • #14,157
  • Jan 20, 2010 8:47pm Jan 20, 2010 8:47pm
Quoting earthsmate
Just how trailing stops work ?

Never got my head around it ... if it keeps moving ?
i understand how trailing stops work, i just wonder how many pips to trail
longer term trades - bigger trailing stops
shorter term trades - smaller trailing stops
just was wondering if anyone has had any success with using trailing stops- and what numbers they use
  • #14,158
  • Jan 20, 2010 8:48pm Jan 20, 2010 8:48pm
i don't use trailing stops often, but on the usd/jpy trade i'm in right now, i have my trailing stop following the 50 ema atm
  • #14,159
  • Jan 20, 2010 8:53pm Jan 20, 2010 8:53pm
Quoting latropsudoxe
i don't use trailing stops often, but on the usd/jpy trade i'm in right now, i have my trailing stop following the 50 ema atm
does your platform allow to have trailing stop following ema? that's cool.
  • #14,160
  • Jan 20, 2010 10:16pm Jan 20, 2010 10:16pm
HI all,
I hope everybody is doing well here. Here is my chart. All the angle of deviation from base line (1,2,3,4) are in excess of 30 degrees.
I just went short at 9138, SL 9170. I think we will touch 9084 tonight, and if crossed next stop will be 9030.
Attached Image (click to enlarge)
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