AUD/USD

It was a nice area to go short.....

and another point of view:

Yes it got there. 42 pips and swap from January. http://cdn.forexfactory.com/images/icons/icon14.gif

And yet another

And you held all the way through minus 700... are you trading weekly charts?

I mostly sit on h1 but take into consideration daily and weekly. However, when I started the trade everyone was talking about parity, so I had a strong belief that it would come here again and the positive swap makes it easier to let the trade ride. A sell would be different due to the negative swap. However, since January I've taken over 130 trades. So I had no time to worry about that trade.

Yet another......,, 100 and 200 HR SMA no longer going up, they FLAT, and in time will be going DOWN. Is top? Somewhere in 90's I guess, who know!

my first sell order triggered at 9325.

Ha, mine missed by 2 pips!

nothing but sellers at 9320
3400 here we come!

3400??

take a look at EURUSD chart, buddy

i am also short in Ausssie ffrom 9300,9310 and 9320 TP is 9270 for now i will change if i see any reversal in Aussie in longer term

Ub

Yeah saw that crazy move based on rumour that Greece is saved. lol.
I reckon Trichet will come out and save some great words for Greece at 1am and 5pm.
Just adding more time to the time bomb. lol.

Short taken on A/U at 9315 due to H1 candle.

Hi Ub,

I dont think they are done just yet....
But just have already got my 1st short in at 9324
Will add if we go higher...Would like to see a low volume spike before adding further shorts though
First target mere 300 and then 265

Lets see how this one plays out

Geppyg

i need it get below .92, then ill set my SL there, and trade another pair, and leave it for a bit

hello Geppyg,

I went Short due to my research i am not expecting Aussie to be on 95 or 96xx..please check aussiee has max 200-300 max points for upside and 2000 points on downside please checkand correct me if i am wrong..i need your opinion..

I have done my research on aussie over a month ago that is why I am saying for sell Ausssie please read my post and tell me if I am right the main reason of selling is the past price behavior please check aussie High and low year wise
year 2000 0.6688 0.5070
year 2001 0.5726 0.4785
year 2002 0.5796 0.5049
year 2003 0.7536 0.5584
year 2004 0.8000 0.6799
year 2005 0.7988 0.7236
year 2006 0.7930 0.7017
year 2007 0.9401 0.7677
year 2008 0.9849 0.6014
year 2009 0.9405 0.6250


This is 10 year high and low and average movement of 10 years is 1683 points I can count it 2000 per year check it carefully in 2009 high was 9405 and low was .6250, in year 08 high was 9848 and low was .6014 this year if we sustain that high .9320 so our low could be .6000-.61000 we have upside room of 200 to max 400 points but at down side we have a room of 2000 points which is better for us? long or short off course short if we follow a longer term and if we calculate it its all about technical now I talk about fundamental we can see Aussie is increasing Interest rate no one can think that it can go down right but if we see pas behavior of interest rate

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2009 3.25 3.25 3.00 3.00 3.00 3.00 3.00 3.00 3.25 3.50 3.75
2008 7.00 7.25 7.25 7.25 7.25 7.25 7.25 7.00 6.00 5.25 4.25
2007 6.25 6.25 6.25 6.25 6.25 6.25 6.50 6.50 6.50 6.75 6.75
2006 5.50 5.50 5.50 5.75 5.75 5.75 6.00 6.00 6.00 6.25 6.25
2005 5.25 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50 5.50
2004 5.25 5.25 5.25 5.25 5.25 5.25 5.25 5.25 5.25 5.25 5.25
2003 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 5.00 5.25
2002 4.25 4.25 4.25 4.50 4.75 4.75 4.75 4.75 4.75 4.75 4.75
2001 5.75 5.50 5.00 5.00 5.00 5.00 5.00 4.75 4.50 4.50 4.25
2000 5.50 5.75 6.00 6.00 6.25 6.25 6.25 6.25 6.25


We can see clearly that in 2008 we had a same situation even in every year we can see Australia increase its interest rate check 2008 interest rate was 7 and they increased it to 7.25 but what happen after that? it was unsustainable and it went down so I want to say in this 10 year history of Aussie now can we go long when its on top of it please check it and let me know and correct me if I am wrong about a valid point of selling..is short is better or long please post...

Thanks

Ub

A/U on H4 seems to be quite overextended. Thoughts Anyone?