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AUD/USD

  • #22,121
  • Jun 21, 2010 6:39pm Jun 21, 2010 6:39pm
It may bounce on the 200 EMA on the daily chart... or go up to the 200 SMA?

Either way, it is going down over the week!
  • #22,122
  • Jun 21, 2010 8:40pm Jun 21, 2010 8:40pm
god damn i seen that coming and did nothing same spot as yesterday same amount of pips god damn

regards damien
i pull the trigger when others are fearful---me
  • #22,123
  • Jun 21, 2010 9:01pm Jun 21, 2010 9:01pm
Nice 60 pip spike just wiped out both my TPs!

Any one trading Aussie / Greenback tonight?!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,124
  • Jun 21, 2010 9:36pm Jun 21, 2010 9:36pm
Hey, Welcome to the Factory,

There are some gaps that don't close for months. Thanks for your insight though, Always nice to meet someone from Down Under!
I think this Gap may close before we move substantially higher.

Would love to visit at some point!

I remain bullish OZ/USD, however, and I will look for in the next sessions a test of .9000

If we breach .9000 I will set sights appx 400/350 pips higher for a retest of the triple top on daily.

Quoting stiven
Hi XTrade, I'm waiting for gaps to close as well. Monday morning gaps (Monday here in Oz) have a very strong record of closing and I'm short A/U and A/J waiting for the gaps to finally close... I think its only a matter of a few hours... last week, gaps finally closed Tuesday afternoon, almost 36 hours after opening so I must be patient
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,125
  • Jun 21, 2010 9:42pm Jun 21, 2010 9:42pm
flags are forming on 5m, 15m and h1,
big movement?
  • #22,126
  • Jun 21, 2010 9:43pm Jun 21, 2010 9:43pm
Daily Chart possibe to FIB 2.618 @0.9360 , this may take days but this is overall picture .
Attached Image (click to enlarge)
Click to Enlarge Name: AUD D 6 20 1.png Size: 41 KB
  • #22,127
  • Jun 21, 2010 10:18pm Jun 21, 2010 10:18pm
I agree with your sentiments here and I am working on my chart.

i recently started trading Aussie again.

I am no having mush luck with the crosses though and will concentrate on minors.

Aussie and Kiwi vs. USD

Do you trade Kiwi at all?

Quoting tazzam72
Daily Chart possibe to FIB 2.618 @0.9360 , this may take days but this is overall picture .
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,128
  • Jun 21, 2010 10:26pm Jun 21, 2010 10:26pm
I trade any pair VS USD when i see wave 2 to 3 or 4 to 5 on 4 H chart
  • #22,129
  • Jun 21, 2010 10:36pm Jun 21, 2010 10:36pm
Yes, I exit my short Postion trade today I end 155 Pips not bad , I am looking for a possible conta trade trend to buy but no confirmation yet .

http://www.forexfactory.com/showpost...&postcount=209



Quoting XTrade
I agree with your sentiments here and I am working on my chart.

i recently started trading Aussie again.

I am no having mush luck with the crosses though and will concentrate on minors.

Aussie and Kiwi vs. USD

Do you trade Kiwi at all?
  • #22,130
  • Jun 21, 2010 10:48pm Jun 21, 2010 10:48pm
240 Chart possible retracment to finish wave 4 (correction wave)
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 240 2.png Size: 43 KB
  • #22,131
  • Jun 21, 2010 10:56pm Jun 21, 2010 10:56pm
Thanks XTrade, appreciate it! Am loving FF, been reading a while but not confident enough to post

I understand what you mean about some gaps not closing but I think they may be gaps that happen mid week. From what I've seen in my limited time trading gaps is that gaps that occur when markets reopen after the weekend almost always close... check out chart a 5 minute chart from last week... price fell over 100 pips just to hit gap and then rallied back 100 pips just as quick... am giving it time to work its magic!

I'm with you though, bullish on the A/U longer term but am expecting some more downwards movements in equity markets and FX over coming months... I don't think fundamentals are fixed, i.e. PIIGS debt, China trying to slow overheating economy, economic data in US and elsewhere not that great, Oz housing bubble... but the market could ignore all that, have to wait and see

You should definitely visit Oz, awesome place to be!!

Quoting XTrade
Hey, Welcome to the Factory,

There are some gaps that don't close for months. Thanks for your insight though, Always nice to meet someone from Down Under!
I think this Gap may close before we move substantially higher.

Would love to visit at some point!

I remain bullish OZ/USD, however, and I will look for in the next sessions a test of .9000

If we breach .9000 I will set sights appx 400/350 pips higher for a retest of the triple top on daily.
  • #22,132
  • Edited 12:12am Jun 22, 2010 12:11am | Edited 12:12am
THere are several things I am looking at. (here are some on the AUSSIE side of the pair.)

In my trading I try to firstly pay attention to Fundamentals, trying to get an edge and speak to people (like yourself) that know the country I am taking an interest in. I then try to translate the fundamentals onto the charts.

Yes, I get bored of fundies at times and when there are minimal economic releases I go to further technical analysis.

So for Aussie Dollar.

1. The new mining tax the Government wants to instate.
2. China, Australia being a commodity producer and close/r to China's rapidly growing economy, the Aussie economy can benefit and suffer from China's growth.
3. The Yuan, - partial factor on the fundamental side, for such a large gap was due to the news over the weekend of China's changing policy on the Yuan.
4. The techs. Potential double bottom, from steep correction and rejection at 9400 area.
5. Gold - Although, Gold can easily correlate or de-correlate from currencies like the AUD and EUR and USD. The mining prescence of gold and more importantly Copper, (which china needs) from OZland is something not to be ignored.
6. This should be higher. Aussie interest rates.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,133
  • Jun 22, 2010 12:48am Jun 22, 2010 12:48am
I took short @

.8758 - Looking for 50 pips to close this damn gap already.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,134
  • Jun 22, 2010 1:05am Jun 22, 2010 1:05am
Quoting XTrade
I took short @

.8758 - Looking for 50 pips to close this damn gap already.
me also shorted @ .8755
but why are you so sure the gap will be closed?
  • #22,135
  • Jun 22, 2010 1:27am Jun 22, 2010 1:27am
I'm not,

My reasoning was as follows:

After the Gap, upside momentum has been limited,
basically capped @ 8845.

There are many, still looking to sell Aussie.

I had been in a long for several hours and the price rode minimal support @ 8757 area, then a 60 pip spike with No follow through on the bull side,

In fact we traded below the minor support area.

However, this pair is extremely resilient right now and I am certainly questioning this trade.

Sometimes after a gap, with limited follow thru I feel that it is lurking around the price ( as we did) waiting to close.

There is no guarantee and minors have a tendency to not follow tech levels very closely.

So I wish us luck in our shorts. I will be buying if the gap closes.
Order set.


Quoting lmyyyks
me also shorted @ .8755
but why are you so sure the gap will be closed?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,136
  • Edited 1:33am Jun 22, 2010 1:31am | Edited 1:33am
Yet we are so close to fill it seems imminent at this point,
then we can track back onto the uptrend lines irregardless of price spikes that skew TA.

Let's see if the price can pass 8800
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,137
  • Jun 22, 2010 1:52am Jun 22, 2010 1:52am
I do not like holding into london unless well in the green and may close,
what say you?

Edit: unless we are rejected at the current level....

AUD has been VERY WHIPPY lately!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,138
  • Jun 22, 2010 1:55am Jun 22, 2010 1:55am
Quoting XTrade
Yet we are so close to fill it seems imminent at this point,
then we can track back onto the uptrend lines irregardless of price spikes that skew TA.

Let's see if the price can pass 8800
Can I go long on this chart now? Intraday or limited scalping for say 10-15 pips?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 226 KB
  • #22,139
  • Jun 22, 2010 2:15am Jun 22, 2010 2:15am
Quoting XTrade
I do not like holding into london unless well in the green and may close,
what say you?

Edit: unless we are rejected at the current level....

AUD has been VERY WHIPPY lately!
not sure what's holding back all major usd pairs, they were dropping
now i think it's likely to go up
  • #22,140
  • Jun 22, 2010 2:18am Jun 22, 2010 2:18am
i think this might be as far as we go, i do agree with the retrace of the gap but i recon its come close enough. next target .8845
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