Dislikedwow it's a very nice market this few days. at least the market make some profit for me with this AUD/USD bear trend. but is there anyone know why the AUD/USD goes down? is there a big money selling a lot of AUD or someone just bought a lot of USD? or maybe the US economy is going stronger? or is there any other reason?Ignored
- #20,062
- Mar 26, 2010 5:56am Mar 26, 2010 5:56am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #20,064
- Mar 26, 2010 6:07am Mar 26, 2010 6:07am
- Joined May 2006 | Status: Still here. | 2,602 Posts
That spike looks like a bull trap to me.
Usually followed by a stop hunt.
Either that, or I'll miss my 9040 bus
Starting to think that my former entry at 9055 was a better choice... anyway if I miss the bus, I'll short then later on
Usually followed by a stop hunt.
Either that, or I'll miss my 9040 bus
Starting to think that my former entry at 9055 was a better choice... anyway if I miss the bus, I'll short then later on
- #20,065
- Mar 26, 2010 6:07am Mar 26, 2010 6:07am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
Hi Doblece,
Its been a long time. Hope you're well and making some pips.
I haven't been trading AUD recently as I was too busy trading EJ, EU and GU.
with only 10 days to go from the interest rate decision, retail sales and unemployment, I have started to build strategic longs in AUD. AUD is too expensive to short so I am expecting a decent bounce towards y'days high at around .912x-3x.
With EU and GU short covering rally to gather momentum during NY trade, expect AU to bounce back.
Hope all is well at your end.
Cheers
Its been a long time. Hope you're well and making some pips.
I haven't been trading AUD recently as I was too busy trading EJ, EU and GU.
with only 10 days to go from the interest rate decision, retail sales and unemployment, I have started to build strategic longs in AUD. AUD is too expensive to short so I am expecting a decent bounce towards y'days high at around .912x-3x.
With EU and GU short covering rally to gather momentum during NY trade, expect AU to bounce back.
Hope all is well at your end.
Cheers
That spike looks like a bull trap to me.
Usually followed by a stop hunt.
Either that, or I'll miss my 9040 bus
Starting to think that my former entry at 9055 was a better choice... anyway if I miss the bus, I'll short then later on
- #20,068
- Mar 26, 2010 6:37am Mar 26, 2010 6:37am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #20,069
- Mar 26, 2010 6:53am Mar 26, 2010 6:53am
- Joined May 2006 | Status: Still here. | 2,602 Posts
Euro seems to be dragging the Aussie. Gold has been climbing as well.
However there might be a push down at news time (US GDP) and then resume upwards. I don't see yet this pair sooo bearish most probably because, as puks said, holding shorts overnight is quite costly, so we can see the alternance between profit taking and resuming the bearish trend.
I still expect a descent to low 90xx or even 8950 but for today and the beginning of next week I'd say we're near to bottoming out for this month... but I might be wrong, as well
However there might be a push down at news time (US GDP) and then resume upwards. I don't see yet this pair sooo bearish most probably because, as puks said, holding shorts overnight is quite costly, so we can see the alternance between profit taking and resuming the bearish trend.
I still expect a descent to low 90xx or even 8950 but for today and the beginning of next week I'd say we're near to bottoming out for this month... but I might be wrong, as well
- #20,070
- Mar 26, 2010 7:17am Mar 26, 2010 7:17am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
A lot of bullish sentiment here today. Looking at the H4 this just may be a good possibility if the current candle and the next form the right formation.
Would like to hear some bear analysis (if there is any)?
The white trendline and blue target area should show the direction over the next few sessions, but I can see AU going much lower.
We'll soon know.
Chart
- #20,071
- Mar 26, 2010 8:02am Mar 26, 2010 8:02am
Not looking that great at moment. Bullish or bearish, both can make money depending on your tf and timing and trade plans. Me, I like trading the bigger trends, and to me , it is down down down , until it tells me otherwise. 
- #20,074
- Mar 26, 2010 9:07am Mar 26, 2010 9:07am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #20,075
- Mar 26, 2010 9:18am Mar 26, 2010 9:18am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
Just who the heck reads this thread?!!!
Note to self *Keep targets to self*
Note to self *Keep targets to self*
- #20,076
- Mar 26, 2010 9:22am Mar 26, 2010 9:22am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
Just who the heck reads this thread?!!!
Note to self *Keep targets to self*
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #20,077
- Mar 26, 2010 9:50am Mar 26, 2010 9:50am
- Joined Feb 2010 | Status: ...everything will be fine... | 2,834 Posts
When this baby hits 88 miles per hour, you're gonna see some serious s***.
- #20,079
- Mar 26, 2010 12:07pm Mar 26, 2010 12:07pm
- Joined Apr 2008 | Status: Trader | 9,414 Posts
Yes Baby show me the Money
