AUD/USD

I am quite new to forex. For many years I traded futures and options. How about you ?

Bahhh... the aussie moved down before my entry. Too bad.

If you want a good thread try this one: http://www.forexfactory.com/showthread.php?t=230625 - it's really friendly without some of the wankery and preaching that goes on and people contribute with analysis and reasons for entering trades

not that long my friend, more or less 3 years. so do you average as well? so what's your method if i may ask you?

A few different EMAs to determine entry price. How about you?

do you catch the down movement?

We are in the area 83 - 81
I'm Waiting breakout Maybe next week :-)

just looking on pivot points, s/r and PA itself... i'm still learning though.

No. I missed it. Too bad.

to bad i miss it also......

Aussie-Dollar has its sights on 0.8065 in the coming days, for those who are into S&R trading. It's obvious from the chart's tech. analysis...

Germany may pull out of deal to fund greece OH BOY!

Germany High Court Mulls Interim Order Against Euro Aidress


BERLIN (MNI) – The German Constitutional Court is weighing the
possibility of imposing an interim order against Germany’s participation
in the E750 billion EU/IMF fiscal rescue package, German weekly Der
Spiegel reported Sunday.
The magazine cited a letter from the President of the
Constitutional Court, Andreas Vosskuhle, to, amongst others, the German
government, the European Central Bank and the Bundesbank. The case
involves a lawsuit filed against the rescue package by Peter Gauweiler,
a lawmaker from Chancellor Angela Merkel’s center-right CDU/CSU bloc.
An interim order by the court could temporarily forbid the German
government from mobilizing the loan guarantees proposed under the EU
package, Der Spiegel said. Germany’s share of the EU measures amounts to
up to E148 billion in guarantees.
According to the magazine, the German government in a statement to
the Constitutional Court has warned that an interim order could lead to
“a self-fulfilling expectation of a default” by fiscally ailing EU
member states.
Moreover, the government remarked that the EU rescue package “is
not a legally binding agreement under international law but only a
political declaration of intent.”
In addition to Gauweiler’s lawsuit, three others have been filed at
the Constitutional Court against the rescue package. Another lawsuit is
to be filed next week, the magazine wrote.
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http://www.telegraph.co.uk/finance/f...ive-years.html
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Sentiment is very grey this morning. Talk of a constitutional challenge in Germany to the EU/IMF aid package, G20 suggesting that the fiscal expansionary policies must cease, Sovereign debt woes all over the globe- it’s a bad news day and risk-aversion is the only play. There is talk now of big stops in the AUD/USD below .8000 and this level is getting ever closer once again. The EUR has no friends at all in the FX market and is falling against the USD, JPY, GBP and CHF.

caugh the move down to 8117 from 8209 but not waffles back and forth

Possible test of 0.8065 low again. How low can this go?

AUD/USD: SELL
Any rally can be a “sell”. Resistances 0.8275 and 0.8350 are tough to break if USD strength is so strong. The 100 and 50 day moving average slipped through the 200 day MA, which is a negative signal and the daily studies are also showing net bearish with room to run. The strategy is to trail the stop on the way down. Target initially 0.8000 psychological level. Watch carefully both the equity and commodity market, if it really turns down (I gather), the downside will be more.

The aussie is directionless. I'm staying out for now.

I closed all positions late friday vs AUD.

can anyone tell any low spread good broker who accepts payment through visa card

i will be thankful for reply