AUD/USD

Thank you for your advice. I find it intriguing, I will look into it but it will probably not change my mind.

There is just too much going on in the World right now...I do not feel comfortable with anything.

Greece, Elections, Interst Rate decisions, US Employment figures; I plan on sitting on the sidelines this week and just observe but I will more than likely make a few well thought out conservative trades. For example the EUR/USD has gone down to about 1.3200 or so three times in the last 7-8 hours only to jump right back up 40 pips or so. If it gets down there again I dont think I will be able to help going Long even though I am very Bearish on this Pair.

Right now, nothing is making sense to me... has the whole world gone crazy or is it just me?

Take for example my favorite news feed that I read. The top 5 stories:

1. Oil Spill--no problem with that, this is a big story.

2. Greece---again, another big story. ( Is Friday the big day? I thought the big day was thwe weekend of 4/10-4/11, but it wasnt. )

3. Obama wows crowd at correspondence dinner--the US media continues to jerk off over him.

4. Goldman Sachs--another market related news worthy story.

5. Pakistan Taliban Claims Credit For Bomb That Clears Times Square--WTF??? How did this story end up all the way down to 5?

How soon we forget.

Then I hear a report of another bonb found at the finish line of a marathon race that was held over the weekend.

I think I am going to sit this week out. Things just do not feel right to me right now and I know from experience that whenever I feel this way I lose money ( no matter what the charts say ) if I try to push it. But then again I could be wrong.


I appreciate your 2 cents very much and I will look into the above advice that you gave me.

Thanks!

i have seen before when the cash rate is hiked and still it dropped , i think that was around nov or dec, but anyways above 9280 is key for upside ,, 9300 is a confirmation , below 922 is a key 9180 is a confirmation ,
its that simple , and if it wanna break up it ll need the momentum from the rate hike news , i ll close my position if it didnt work out before the news with few hours , and i ll decide then what to do
so many things to watch out today ,, gold price , s&p 500 and NZD on that key channel support now , euro at this 1.32 level

my feeling.
honestly, i dont have many indicators on the chart to share. if you have good MM, nothing to worry.

4 now LONG !


Then



A very nice .........Dropping !



.
.
.
.
.
..
.
.

.
..
.
.
.
.
.
.

..
.
.

i hope the market is that simple.

I am calling rates will rise with this announcement, inflation is through the roof led by housing prices i would be very surprised if they hold rates given these domestic conditions. If they do hold it will be due to concern over international conditions and if they admit that, prices will tank not just for AUD but all risk instruments including world stock indexes. on the other hand, raising rates will put the first home buyers, sucked into an overpriced market by the govt incentives, under increasing financial burdon. They have a very difficult decision to make today, i would not want to be in their shoes

the rate will raise or not, i believe this pair will not spike like it usually did. to many factor influencing this pair right now.

It will spike if the rate was raised of 50 basic points

A long maybe on the cards in the 0.9175-0.9235 range.. might even line up with the rates announcement. Short most likely clean break bellow....

trade the AUD/JPY pair for this news release, japan's on bank holiday and wouldn't have that much influence over the AUDJPY pair as compared to AUDUSD.

yesterday i said that it ll consolidate in the range of 60 pips and it did ,, and the smartest move for shorting from the top of the range not a long from any level and it worked but ...as i see that the RBA didnt sound vokish but the market didnt react well to the rate haking news ,, i m not quite surprised for the luck of liquidity for the holidays in asia ,, i think if london session didnt push this pair higher then its a certain short ,, it will never get any better momentum to break higher more than a rate hiking without vokish comments ,a break down from the 92 level will be enought for me to point to a down legon the other side ,, the s&p500 is still forming a multi head and sholders patterns that signals caution with longs ,, gold looks sooooo weak in my charts with multi divergance ,, thats a bearish signal tootoday will be critical for the bullish and bearish case

Looking promising for the shorts. Heading south despite the hike.

why is the RBA Rate is raised and the currencies goes down?

Just posted a long order. See how this goes

for one reason i stated in my post yesterday
cause they said they r now at the average rates that means it could stop rate hiking in the futur and thats vokish

there is a div. between the downleg on friday and this downleg so far which might correct it up ,, if so ,, i m selling of around 9220-40 with sl at 927

and that short is because i see at least a short term bearish correction down in s&p500 and gold too ,

It seems a very nice area 4 loading LONG !




.
.
.
.
.
.
.
..
.
.
.
.

that sounds good to me ,, i think key levels is 9150 and 9080 , and the rsi is at extreem oversold level and will need some relefe soon , i think that will beon the 9150 but i think any up move from there will only be a good oppurtunity to enter short ,, not untill i see it breaking above 9240

its kinda funny these days when we see it so obvious that when risk aversion comes in ,, gold climbs with the dollar ,,

Opportunity knocking - going long here 0.9114
First target 0.9227

Let's see if we can get back into that channel...