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AUD/USD

  • #17,001
  • Feb 21, 2010 9:32pm Feb 21, 2010 9:32pm
I am expecting the formation in play (broadening wedge) to have one more attempt at this downside but by definition, the pattern is bullish so be prepared to flip long if the pattern breaks the upper channel.

..Euro could provide some upside support to AUD as well as I suspect a short squeeze may be preparing to unfold w/ the Euro with good support around 136 level.
Attached Image (click to enlarge)
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  • #17,002
  • Feb 21, 2010 9:39pm Feb 21, 2010 9:39pm
Quoting Clouds
Well, neither can I! Nor would I want too, out of my comfort zone.
Quiet thread tonight. Where are all the shorters? Do me a favour Clouds and get your suntan lotion out because those in shorts are gonna get fried. Gold up and Asian indices nice and green. Have I changed your mind yet? Let me hypnotise you. Go long, go long, go long. Over and out
Nothing worth having is easy.
  • #17,003
  • Feb 21, 2010 9:41pm Feb 21, 2010 9:41pm
Quoting Patience
Quiet thread tonight. Where are all the shorters? Do me a favour Clouds and get your suntan lotion out because those in shorts are gonna get fried. Gold up and Asian indices nice and green. Have I changed your mind yet? Let me hypnotise you. Go long, go long, go long. Over and out
not yet 9030 is my time to get out. yea nikkei up 3%, but how high can it really go
  • #17,004
  • Feb 21, 2010 9:47pm Feb 21, 2010 9:47pm
Long on aud/usd.

I am long on both gbp/usd and eur/usd as well.
  • #17,005
  • Feb 21, 2010 9:59pm Feb 21, 2010 9:59pm
Though specs still remain long the AUD, they have been gradually reducing their positions. The large spec still remains a 2.8 to 1 long. As the popularity of commodity currencies wanes, the AUD is moving closer to being in neutral.
  • #17,006
  • Feb 21, 2010 10:06pm Feb 21, 2010 10:06pm
i have two reasons to short aud, YES, my SL is close at .9030, but that's my risk
1) monthly momentum is down
Attached Image

2) It's dealing with 20/40 SMA on weekly
Attached Image
  • #17,007
  • Feb 21, 2010 10:22pm Feb 21, 2010 10:22pm
Quoting Clouds
i have two reasons to short aud, YES, my SL is close at .9030, but that's my risk
1) monthly momentum is down
Attachment
2) It's dealing with 20/40 SMA on weekly
Attachment
hye guys...

im new here...

this is my chart... see whay u guys think... im long at 8912 since my renko box give me blue colour.. will closed when red box appear.. and going short from there


take care and happy trading
Attached Image (click to enlarge)
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  • #17,008
  • Feb 21, 2010 10:22pm Feb 21, 2010 10:22pm
Quoting Daytrader74
Though specs still remain long the AUD, they have been gradually reducing their positions. The large spec still remains a 2.8 to 1 long. As the popularity of commodity currencies wanes, the AUD is moving closer to being in neutral.
Do you mean a large trader is 2.8 short for every spec long? and where is this from- the weekly CFTC COT report?
  • #17,009
  • Feb 21, 2010 10:46pm Feb 21, 2010 10:46pm
Quoting Clouds
i have two reasons to short aud, YES, my SL is close at .9030, but that's my risk
1) monthly momentum is down
Attachment
2) It's dealing with 20/40 SMA on weekly
Attachment
I agree with that, just like my earlier indicators said last week, but I think I'll put on hold opening any shorts until later time when London and NY markets open and see from there.
  • #17,010
  • Feb 21, 2010 11:26pm Feb 21, 2010 11:26pm
.90 break to .89
  • #17,011
  • Feb 21, 2010 11:35pm Feb 21, 2010 11:35pm
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.
My limit short order was hit 9018 while I was out this morning. This is my chart and there is nothing Bullish about it. No TP at this stage will play it as it comes. SL 9060
Attached Image (click to enlarge)
Click to Enlarge Name: CropperCapture[39].jpg Size: 92 KB
Find a job that you love and you dont have to work again in your life.
  • #17,012
  • Feb 21, 2010 11:45pm Feb 21, 2010 11:45pm
Quoting Clouds
i have two reasons to short aud, YES, my SL is close at .9030, but that's my risk
1) monthly momentum is down
Attachment
2) It's dealing with 20/40 SMA on weekly
Attachment
With you today.

9028 is my stop, took a short from daily R1 but my broker slipped me a few pips below that in what was obviously some crappy liquidity even though China is supposed to be back on the bid now.

Leaving work now. See you London
  • #17,013
  • Feb 21, 2010 11:52pm Feb 21, 2010 11:52pm
Quoting sinner-
With you today.

9028 is my stop, took a short from daily R1 but my broker slipped me a few pips below that in what was obviously some crappy liquidity even though China is supposed to be back on the bid now.

Leaving work now. See you London
Cheers
  • #17,014
  • Feb 22, 2010 2:13am Feb 22, 2010 2:13am
Thoughts.

Chart is a bit messy today but there you go, sometimes I'm a bit messy.

Today is probably the last day to short the AUD on the cheap up against the 0.9025 resistance.

If we go up today (and make no mistake, it is higher probability today of up move right now) then shorts will have a hard time making a real bear move and we could see an honest attempt at parity.

We remain within the H4 rectangle posted last week, after a brief venture below.

I might add some momentum shorts below 8990 for a quick 30-40 pips.

Good luck to all traders.
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  • #17,015
  • Feb 22, 2010 2:14am Feb 22, 2010 2:14am
Is anybody short here or am I the only one? I just went short on Gold again from 1127 as well. 11130 seems to be a very solid resistance.
Find a job that you love and you dont have to work again in your life.
  • #17,016
  • Feb 22, 2010 2:47am Feb 22, 2010 2:47am
yaaaaa haaaaa. Here we go to 8965. I will exit there.....
Find a job that you love and you dont have to work again in your life.
  • #17,017
  • Feb 22, 2010 3:05am Feb 22, 2010 3:05am
I have taken longs at 8973 target 9050 stop 8940
  • #17,018
  • Feb 22, 2010 3:09am Feb 22, 2010 3:09am
Quoting amyc
I have taken longs at 8973 target 9050 stop 8940
Be careful, I think that Gold and Dow will take a hit tonight, This will take the US Dollar index higher. More than likely, it will retrace a bit from 8960 or so, but next wave down will see 8932. (IMHO). I am still short on Euro, Dow and Gold. Euro I will keep it for parity (lol).
Good luck
Find a job that you love and you dont have to work again in your life.
  • #17,019
  • Feb 22, 2010 3:13am Feb 22, 2010 3:13am
Quoting tradoholic
Be careful, I think that Gold and Dow will take a hit tonight, This will take the US Dollar index higher. More than likely, it will retrace a bit from 8960 or so, but next wave down will see 8932. (IMHO). I am still short on Euro, Dow and Gold. Euro I will keep it for parity (lol).
Good luck
I see a higher move on the aud and euro this week before moving down. euro should hit 1.3788 this week, aud 9050 and 1115 on the S&P.
  • #17,020
  • Feb 22, 2010 3:40am Feb 22, 2010 3:40am
Quoting amyc
I see a higher move on the aud and euro this week before moving down. euro should hit 1.3788 this week, aud 9050 and 1115 on the S&P.
The only one that my charts differ is Euro, I have a top of 1.3706. But I dont think it will go past 1.3655. I dont have an SL on my euro as I took 300 pips from it last week. I went short again this morning from 1.3625. On the DOW, I went short again at 10425. Dont have anything on S&P.
BTW that was a good call on AUD. I exited at 8979. Will re enter shorts 9012.
Find a job that you love and you dont have to work again in your life.
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