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AUD/USD

  • #16,941
  • Feb 18, 2010 10:45pm Feb 18, 2010 10:45pm
Quoting Zeroh
I think economic improvement in last couple days for Aussie = AUD UP
US rate hike = AUD Down

therefore we have AUD in middle indecision with maybe go down more i dunno
and when the US rate will hike?
  • #16,942
  • Feb 18, 2010 11:36pm Feb 18, 2010 11:36pm
I was saying a month ago (not here, to friends) that US would hike official policy target before EOY. It might even be sooner. Expect it to have a very strong effect on AUD as US has been on 0.25 for longer than a year and a rise is seen as the start of a new rate cycle.
  • #16,943
  • Feb 18, 2010 11:54pm Feb 18, 2010 11:54pm
Hi all, Bit of a dilemma. Need a bot of help from experienced traders.
I went short on EU/US from 1.3760, and GBP from 1.5770.Havent closed either yet. I think that EU/US is heading much lower in the next few days and so is the GBP. What would you do, would you add, reduce, close or bring SL much closer to the price.
I am also short on DOW and Gold, but plan to keep those for a while yet wide SL.
Find a job that you love and you dont have to work again in your life.
  • #16,944
  • Feb 18, 2010 11:57pm Feb 18, 2010 11:57pm
Quoting tradoholic
Hi all, Bit of a dilemma. Need a bot of help from experienced traders.
I went short on EU/US from 1.3760, and GBP from 1.5770.Havent closed either yet. I think that EU/US is heading much lower in the next few days and so is the GBP. What would you do, would you add, reduce, close or bring SL much closer to the price.
I am also short on DOW and Gold, but plan to keep those for a while yet wide SL.
whatever u do. do what makes you feel comfortable. there's always another day to open a new position.
  • #16,945
  • Feb 19, 2010 12:06am Feb 19, 2010 12:06am
I'm personally comfortable holding my positions, but won't be opening anything new till Monday
  • #16,946
  • Feb 19, 2010 12:08am Feb 19, 2010 12:08am
Quoting Clouds
whatever u do. do what makes you feel comfortable. there's always another day to open a new position.
Thanks cloud, the thing is that what makes me feel comfortable today may make me feel different 2mrw. My gut tells me to add more to the position, but considering the ranges, the drop has been massive. Where will it stop? Did you trade last year when all currencies dropped agains the US?
Find a job that you love and you dont have to work again in your life.
  • #16,947
  • Feb 19, 2010 12:15am Feb 19, 2010 12:15am
Quoting tradoholic
Thanks cloud, the thing is that what makes me feel comfortable today may make me feel different 2mrw. My gut tells me to add more to the position, but considering the ranges, the drop has been massive. Where will it stop? Did you trade last year when all currencies dropped agains the US?
yes. just wait till monday, you won't miss anything. everything will probably range today and piss u off.
  • #16,948
  • Feb 19, 2010 12:20am Feb 19, 2010 12:20am
Quoting Clouds
yes. just wait till monday, you won't miss anything. everything will probably range today and piss u off.
Thanks mate. Value your opinion as always...
Find a job that you love and you dont have to work again in your life.
  • #16,949
  • Feb 19, 2010 12:29am Feb 19, 2010 12:29am
Quoting tradoholic
Hi all, Bit of a dilemma. Need a bot of help from experienced traders.
I went short on EU/US from 1.3760, and GBP from 1.5770.Havent closed either yet. I think that EU/US is heading much lower in the next few days and so is the GBP. What would you do, would you add, reduce, close or bring SL much closer to the price.
I am also short on DOW and Gold, but plan to keep those for a while yet wide SL.
Hi tradoholic
I am in almost the same euro position as you, I have closed half today and am trailing a stop on the rest as I think there is room for more falls as well. My entry was 1.3775 and my current stop is 1.3620 if this helps at all.
  • #16,950
  • Feb 19, 2010 12:37am Feb 19, 2010 12:37am
today we have US news for core CPI m/m, let see the number, i believe, today the trend will be more waving, but i dont know how much will be moving.
  • #16,951
  • Feb 19, 2010 12:41am Feb 19, 2010 12:41am
Quoting amyc
Hi tradoholic
I am in almost the same euro position as you, I have closed half today and am trailing a stop on the rest as I think there is room for more falls as well. My entry was 1.3775 and my current stop is 1.3620 if this helps at all.
thanks, My SL on EU is 1.3650, but that was from yesterday. GBP is 1.5550. If my astrological chart comes true ( if you remember we spoke about a 13 day up and 2 days retrace from 15th JAn), then the 2 days were up yesterday NY time. So we should have a nice fall on DOW. I think Cloud's suggestion is pretty reasonable to hold until Monday and see what pans out in the US tonight. Let me know what your plans are.

PS couldnt resist going short on AU/US as I was typing. A short is being formed from 8913. SL 8935. Going out for dinner will post chart when I come back. Good luck
Find a job that you love and you dont have to work again in your life.
  • #16,952
  • Feb 19, 2010 12:48am Feb 19, 2010 12:48am
Quoting tradoholic
thanks, My SL on EU is 1.3650, but that was from yesterday. GBP is 1.5550. If my astrological chart comes true ( if you remember we spoke about a 13 day up and 2 days retrace from 15th JAn), then the 2 days were up yesterday NY time. So we should have a nice fall on DOW. I think Cloud's suggestion is pretty reasonable to hold until Monday and see what pans out in the US tonight. Let me know what your plans are.

PS couldnt resist going short on AU/US as I was typing. A short is being formed from 8913. SL 8935. Going out for dinner will post chart...
My charts suggest there is a potential fall on for the dow tonight, fingers crossed. Not trading au yet waiting to see where it is come Monday.
  • #16,953
  • Feb 19, 2010 12:52am Feb 19, 2010 12:52am
I am holding EUR and Cable longs from 1.3580 and 1.5560 respectively.

If UK retail sales data surprises to the upside, we are in for a hell of a ride up north that is!!

to me, market has clearly over-reacted this "expected" discount rate move.




Quoting amyc
My charts suggest there is a potential fall on for the dow tonight, fingers crossed. Not trading au yet waiting to see where it is come Monday.
  • #16,954
  • Feb 19, 2010 4:03am Feb 19, 2010 4:03am
Quoting amyc
My charts suggest there is a potential fall on for the dow tonight, fingers crossed. Not trading au yet waiting to see where it is come Monday.
i agree, let see monday, i think the direction can be seen at monday, friday can be to risky to trade.
  • #16,955
  • Feb 19, 2010 7:13am Feb 19, 2010 7:13am
AUD/USD

Good trading!!

http://www.forexfactory.com/showthre...=1#post3481551
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  • #16,956
  • Feb 19, 2010 7:27am Feb 19, 2010 7:27am
Quoting wian corp
AUD/USD

Good trading!!

http://www.forexfactory.com/showthre...=1#post3481551
Hi Wian,

Very similar to the ones I posted a few days back, but not completely.
http://www.forexfactory.com/showthre...65#post3470065

I haven't traded AUD/USD for a few days, but am waiting on today's close to decide how to enter early next week
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  • #16,957
  • Feb 19, 2010 1:43pm Feb 19, 2010 1:43pm
im sure aud/usd disappointed a lot of bears with position trades. reversals take time. i plan to add onto my position after a break of .888 - or wait for it to go below it and re-test it - will have to see
currently .8990 seems toppish
  • #16,958
  • Feb 19, 2010 1:54pm Feb 19, 2010 1:54pm
Quoting Clouds
im sure aud/usd disappointed a lot of bears with position trades. reversals take time. i plan to add onto my position after a break of .888 - or wait for it to go below it and re-test it - will have to see
currently .8990 seems toppish
It will be up to at least 9050 next week.
  • #16,959
  • Feb 19, 2010 1:59pm Feb 19, 2010 1:59pm
I agree Amy. It's been a great day. Have a peaceful weekend all.





Kim
  • #16,960
  • Feb 19, 2010 4:05pm Feb 19, 2010 4:05pm
Quoting amyc
It will be up to at least 9050 next week.
Against what? and if it breaks what?
Next week 8970 - 9000 are key for me.
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