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AUD/USD

  • #16,981
  • Feb 21, 2010 4:50pm Feb 21, 2010 4:50pm
Based on the open of the euro this week I am bullish on it and bearish on the dollar for the early part of this week. I will be waiting till later in the week to attempt any shorts against the usd. Looking for a position to long both the aud and euro.
  • #16,982
  • Feb 21, 2010 4:52pm Feb 21, 2010 4:52pm
Quoting Patience
And a move of over 3,100 pips last year is not what I would consider cowardly. I seem to remember you being down on this currency when it was in the 60's and that it was going to fall off a cliff when it was in the 70's. And here we are near the 90's again. It just keeps on bouncing like a rubber ball.
Or a kangaroo?
  • #16,983
  • Feb 21, 2010 5:37pm Feb 21, 2010 5:37pm
Quoting shahab8b
A/U
What happened to "don't think, just short" on Friday after which we rose 80 odd pips?



Real pros in this thread...
  • #16,984
  • Feb 21, 2010 6:00pm Feb 21, 2010 6:00pm
Quoting sinner-
What happened to "don't think, just short" on Friday after which we rose 80 odd pips?



Real pros in this thread...
only you are the pro we are your students...thank you for teaching us.
  • #16,985
  • Feb 21, 2010 6:39pm Feb 21, 2010 6:39pm
lol..is there anyone who has never made a mistake before in any form of trading?
  • #16,986
  • Feb 21, 2010 6:44pm Feb 21, 2010 6:44pm
Quoting Subdude
I didn't say AUD was a screaming short. Sure, if the markets spike up 3% tomorrow, you may see mid 91s. But go and overlay SPX on the same chart with AU, and tell me where it possibly dared to divert. That is what I meant by cowardly.

As for the Fed, they can qualify their moves however they want, but the fact remains that this is another step in the hawkish direction. I wouldn't be surprised if they announced (at least considering) withdrawals of QE soon too. Hoenig and Plosser already seem on board with that.
Oh, okay - so longs need luck but it's not a screaming short. That makes sense. Does that make you shlong?

Just to be clear on my side, I don't see a short at this time.
Nothing worth having is easy.
  • #16,987
  • Feb 21, 2010 6:45pm Feb 21, 2010 6:45pm
Quoting Patience
Oh, okay - so longs need luck but it's not a screaming short. That makes sense. Does that make you shlong?

Just to be clear on my side, I don't see a short at this time.
I see shorts in my sleep.
  • #16,988
  • Feb 21, 2010 6:46pm Feb 21, 2010 6:46pm
Quoting Clouds
I see shorts in my sleep.
Stop trying to hypnotise me Clouds
Nothing worth having is easy.
  • #16,989
  • Feb 21, 2010 6:53pm Feb 21, 2010 6:53pm
Quoting Patience
Stop trying to hypnotise me Clouds
lol.... - its just 9020 was previous resistance, i'm gonna exit at 8900 and re-enter at 8970. Then if it goes up to 9030, ill close and re-enter at 8980. anyway it just my current plan.
  • #16,990
  • Feb 21, 2010 7:02pm Feb 21, 2010 7:02pm
Quoting sinner-
What happened to "don't think, just short" on Friday after which we rose 80 odd pips?



Real pros in this thread...
sinner- I dont like to argue with you but you should think twice before you hit on others-
On fri- I wrote dont think just short ,right after fed raised dicount rate-look at the time of my post - the price went down 70 pips after I wrote that in 3 hours- you better look at your chart first -
for your information I banked 600 pips total before london open-

so do you expect me to stay short because I was short on Fri open?
  • #16,991
  • Feb 21, 2010 7:14pm Feb 21, 2010 7:14pm
Quoting Clouds
lol.... - its just 9020 was previous resistance, i'm gonna exit at 8900 and re-enter at 8970. Then if it goes up to 9030, ill close and re-enter at 8980. anyway it just my current plan.
Is that the only reason you are short? Because of resistance at 9020? I just can't see a reason to be short at the moment from my chart but I'm not a technical pro - lol. I guess that's what makes a market though. I'm not long A/U but long A/J and dreaming that the indices are going to hold up for a couple of days
Nothing worth having is easy.
  • #16,992
  • Feb 21, 2010 7:17pm Feb 21, 2010 7:17pm
Quoting sinner-
What happened to "don't think, just short" on Friday after which we rose 80 odd pips?



Real pros in this thread...
Well I think you are a pro Shahab
Nothing worth having is easy.
  • #16,993
  • Feb 21, 2010 7:21pm Feb 21, 2010 7:21pm
asfsd
Attached Image
  • #16,994
  • Feb 21, 2010 7:24pm Feb 21, 2010 7:24pm
Quoting Patience
Is that the only reason you are short? Because of resistance at 9020? I just can't see a reason to be short at the moment from my chart but I'm not a technical pro - lol. I guess that's what makes a market though. I'm not long A/U but long A/J and dreaming that the indices are going to hold up for a couple of days
i dont know about A/J, but SL needs be close for YEN pairs, cause those things can look like they are going up, then for no reason, they can crash
  • #16,995
  • Feb 21, 2010 7:31pm Feb 21, 2010 7:31pm
hey guys any of u know a software or chart system or any system that can have volatility alarms? I remember universal fx which makes an alet sound once a currency is moving in explosive way...

But cant find any other option. I use to take advantage of those alerts and take retracements.
  • #16,996
  • Feb 21, 2010 7:38pm Feb 21, 2010 7:38pm
I think if it doesn't break through last week's or this week's resistance and goes down instead, this pair will look like double top for me..
  • #16,997
  • Feb 21, 2010 8:25pm Feb 21, 2010 8:25pm
Resistance is found at last week"s 0.9037 high while very stiff resistance comes in at 0.9070 where the 100-day MA and the base of the daily ichimoku cloud converge.
  • #16,998
  • Feb 21, 2010 8:38pm Feb 21, 2010 8:38pm
Quoting Daytrader74
Resistance is found at last week"s 0.9037 high while very stiff resistance comes in at 0.9070 where the 100-day MA and the base of the daily ichimoku cloud converge.
Good to know
  • #16,999
  • Feb 21, 2010 8:42pm Feb 21, 2010 8:42pm
Quoting Clouds
i dont know about A/J, but SL needs be close for YEN pairs, cause those things can look like they are going up, then for no reason, they can crash
No probs, I'm not a BIG time trader, can't handle 5 standard lots on one currency at one price level - I like to spread lots of little trades over several accounts at several price levels otherwise it does funny things to my head.

And before Sinner has a go at me, I reserve the right to change my mind and bias at a moment's notice. After all, this is forex
Nothing worth having is easy.
  • #17,000
  • Feb 21, 2010 8:45pm Feb 21, 2010 8:45pm
Quoting Patience
No probs, I'm not a BIG time trader, can't handle 5 standard lots on one currency at one price level - I like to spread lots of little trades over several accounts at several price levels otherwise it does funny things to my head.

And before Sinner has a go at me, I reserve the right to change my mind and bias at a moment's notice. After all, this is forex
Well, neither can I! Nor would I want too, out of my comfort zone.
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