AUD/USD | Page 771 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #15,401
  • Feb 3, 2010 10:07pm Feb 3, 2010 10:07pm
Quoting amyc
Interesting Sinner. So can a scenario play out where the Euro is making new lows and both the USD and the AUD are making new highs? I guess it can as long as the AUD is rising faster than the USD. I just say this bc I am very bearish on the Euro, currently i am in the camp that sees 1.20-1.30 over the course of the year.
Any scenario is possible - but what you've suggested is not probable unless the AUD is about to become some sort of super currency. More likely EUR low Gold high.

I am not convinced the recession is in until cable breaks its lows, AUDJPY consistently closing below 80, BIS stops buying EURUSD on dips and China abandons gold at 1050.

I already explained to you my view: we are still in the paper game and we will remain to be until it all blows up. Everyone and his dog is bearish right now - does that sound like the next wave of a recession to you?

Maybe I am wrong - I can live with that.
  • #15,402
  • Feb 3, 2010 10:08pm Feb 3, 2010 10:08pm
Quoting ivanovic01
hey daytrader

Yer me to little higher then i wanted but long term should make no difference
long at .882 sl .8782 no sp yet
I'm long since 0.8780
  • #15,403
  • Feb 3, 2010 10:13pm Feb 3, 2010 10:13pm
little closer to where i wanted to be, but may have another buy in soon lol
  • #15,404
  • Feb 3, 2010 10:14pm Feb 3, 2010 10:14pm
Quoting sinner-
Any scenario is possible - but what you've suggested is not probable unless the AUD is about to become some sort of super currency. More likely EUR low Gold high.

I am not convinced the recession is in until cable breaks its lows, AUDJPY consistently closing below 80, BIS stops buying EURUSD on dips and China abandons gold at 1050.

I already explained to you my view: we are still in the paper game and we will remain to be until it all blows up. Everyone and his dog is bearish right now - does that sound like the next wave of a recession to you?...
I think that there are a lot of good technical reasons to be bearish at the moment, I am not end of the world bearish, just for a good technical pullback....except for the euro, on my charts it looks really bad right now. Unless it can muster a super rally off 1.3750 and back towards the mid 1.4000's then i don't see any other outcome for it than 1.26.
  • #15,405
  • Feb 3, 2010 10:25pm Feb 3, 2010 10:25pm
down it's going
  • #15,406
  • Feb 3, 2010 10:29pm Feb 3, 2010 10:29pm
what period of charts you guys are using ... different charts give you different indications ... so annoying and confusing ....
{Promotion Removed}
  • #15,407
  • Feb 3, 2010 10:34pm Feb 3, 2010 10:34pm
Quoting Clouds
down it's going
I say up we go!
  • #15,408
  • Feb 3, 2010 10:34pm Feb 3, 2010 10:34pm
Quoting Daytrader74
I say up we go!
i can't ignore the monthly charts
  • #15,409
  • Feb 3, 2010 10:50pm Feb 3, 2010 10:50pm
Quoting Clouds
i can't ignore the monthly charts
I don't hold my trades for a month lol
  • #15,410
  • Feb 3, 2010 10:53pm Feb 3, 2010 10:53pm
Quoting Daytrader74
I don't hold my trades for a month lol
doesn't matter. would you trade off the second chart? or would you look at 15 minute chart? monthly gives you the most likely direction of where it's going, regardless if you hold your trade for 15 minutes or 2 hours or 24 hours.
  • #15,411
  • Feb 3, 2010 11:00pm Feb 3, 2010 11:00pm
Quoting Clouds
doesn't matter. would you trade off the second chart? or would you look at 15 minute chart? monthly gives you the most likely direction of where it's going, regardless if you hold your trade for 15 minutes or 2 hours or 24 hours.
Ok but i still say I can go for 10 - 50 pips on the way up...
  • #15,412
  • Feb 3, 2010 11:04pm Feb 3, 2010 11:04pm
if you use 2min, 15min, 1hr and daily charts gives you a good short term trading range say 2-30min as well as a mid to long term trading 30min - 3-4weeks!

My thoughts
  • #15,413
  • Feb 3, 2010 11:10pm Feb 3, 2010 11:10pm
daytrader
and there is the 10pips lol lets hope 40-100
  • #15,414
  • Feb 3, 2010 11:11pm Feb 3, 2010 11:11pm
Quoting ivanovic01
daytrader
and there is the 10pips lol lets hope 40-100
My TP is @0.8850
  • #15,415
  • Feb 3, 2010 11:13pm Feb 3, 2010 11:13pm
safe stop all good i have 2 running so not sure where yet
  • #15,416
  • Feb 3, 2010 11:15pm Feb 3, 2010 11:15pm
on the 15min chart there is 4 or 5 bottoms at around .88 then each time it pushes back up? any thoughts
  • #15,417
  • Feb 4, 2010 12:13am Feb 4, 2010 12:13am
what is your most treasured indicator for short term trades ???
{Promotion Removed}
  • #15,418
  • Edited 12:28am Feb 4, 2010 12:27am | Edited 12:28am
just a pic
Attached Images
  • #15,419
  • Feb 4, 2010 12:49am Feb 4, 2010 12:49am
gold just got dumped
  • #15,420
  • Feb 4, 2010 1:47am Feb 4, 2010 1:47am
Ok, lets have a look at both sides for the time frame of 12+hrs (i don't scalp, only trade 1-3time a day and may hold for days)

Reasons for Short:
- Technically on the H4 chart its clearly on a down trend (may argue its at the bottom)
- Technically on the H1 charts it failed to reach the level pre- interest rate decision from TUE
- Technically on the Gold chart clear "decending triangles" on the H4 charts forming for the last 2 months
- Fundamentally - a failed RBA rate rise
- Fundamentally - Crappy retail data today
- Fundamentally - Better US unemployment data on WED (watching FRI non-farm to confirm)
- Fundamentally - China is tightening lending, rumours of rate hike

Reasons for long:
- Techniclaly 0.8785 is holding well
- Rumours of China splashing billions to sell out USD into other areas (source: sinner)
- US is in debt, printing USD, possible inflation when stimulus wears out. (may take a few months to come into affect)
- Gold buying season, chinese new year/indian wedding season
355 traders viewing now