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AUD/USD

  • #22,161
  • Jun 22, 2010 7:23pm Jun 22, 2010 7:23pm
AUD 4 H
Attached Image (click to enlarge)
Click to Enlarge Name: AUD .png Size: 43 KB
  • #22,162
  • Jun 22, 2010 7:27pm Jun 22, 2010 7:27pm
This could be possible...
Quoting tazzam72
AUD 4 H
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,163
  • Jun 22, 2010 7:39pm Jun 22, 2010 7:39pm
waiting for entry point after this retracment.


Quoting XTrade
This could be possible...
  • #22,164
  • Jun 22, 2010 7:45pm Jun 22, 2010 7:45pm
aud/usd stops at 86.90
  • #22,165
  • Jun 22, 2010 7:49pm Jun 22, 2010 7:49pm
Reversed losing long to short hedge and closed long AUD/USD

Short aud/usd
Long EUR/AUD


waiting for new long entry aud/usd and looking to close gap on E/A

once and if gap is closed the price should be rejected there.

Lets see how this goes.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,166
  • Jun 22, 2010 7:50pm Jun 22, 2010 7:50pm
Thank you for posting
Quoting tazzam72
waiting for entry point after this retracment.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,167
  • Jun 22, 2010 7:56pm Jun 22, 2010 7:56pm
Problem with EUR/AUD is EUR/USD looks about ready to tank....

Any thought?

I rarely trade this cross.

So think of it like this

Long EUR/USD and short AUD/USD you are only winning on one side right now....
This is what the banks do instead of trading crosses to hide their big orders

Edit thus, AUD needs to tank faster to make the cross trade valid.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,168
  • Jun 22, 2010 8:07pm Jun 22, 2010 8:07pm
http://www.bloomberg.com/news/2010-0...oncerns-y.html
  • #22,169
  • Jun 22, 2010 8:07pm Jun 22, 2010 8:07pm
[quote=tazzam72;3822047]wrong chart sorry i will post the correct one soon
  • #22,170
  • Jun 22, 2010 8:07pm Jun 22, 2010 8:07pm
I agree on EUR AUD used small lot and tight stop.

edit nevermind - Had it right

Again buying a cross can be translated Usually into terms of the majors and minors forget exotics.



EUR USD needs to rise to help the cross EUR/AUD

IF EUR/USD Tanks and AUD USD tank the cross will fall to the side of the major that falls faster.

The trade in translation is
LONG - E/U
Buy EURO sell USD
Short - A/U Sell AUD buy USD

The difference you are removing USD from the equation in the cross and it is the reserve currency.
Thus, crosses are more volatile and irrational at times.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,171
  • Jun 22, 2010 8:08pm Jun 22, 2010 8:08pm
This is what i thought that is why i posted the EUR AUD then I delete it

Quoting XTrade
I agree on EUR AUD used small lot and tight stop.

Sorry I have to make a correction to my last post

EUR USD NEEDS TO RISE to help the cross EUR/AUD

IF EUR/USD Tanks and AUD USD tank the cross will fall to the side of the major that falls faster.
  • #22,172
  • Jun 22, 2010 8:16pm Jun 22, 2010 8:16pm
The trade will be successful if EUR rises and AUD falls against USD

Sometimes both will not happen accordingly

The affect on the cross if there is no move is the same no move or range,
Unless however, there is some major news that comes out swaying the cross,

BUT, this will be seen in the majors as well so essentially back to square one.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,173
  • Jun 22, 2010 8:23pm Jun 22, 2010 8:23pm
Hearing Major stops 86.90 2nd time might crack it
  • #22,174
  • Jun 22, 2010 8:27pm Jun 22, 2010 8:27pm
Thinking you are right --- see the bounce?

I am targeting 8665 for short TP


Quoting forex108
Hearing Major stops 86.90 2nd time might crack it
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,175
  • Jun 22, 2010 8:30pm Jun 22, 2010 8:30pm
Quoting XTrade
Thinking you are right --- see the bounce?

I am targeting 8665 for short TP
Activated in usa sessions

still 100 pips profit plus below goodluck


SELL AUD/USD at 0.8750
Stop at 0.8860
Target 1: 0.8560
Target 2: 0.8500

SELL EUR/USD at 1.2300
Stop at 1.2470
Target 1: 1.2160
Target 2: 1.2000

SELL AUD/JPY at 79.27
Stop at 80.85
Target 1: 78.00
Target 2: 76.50

SELL GBP/USD at 1.4735
Stop at 1.4930
Target 1: 1.4580
Target 2: 1.4500

SELL NZD/USD at 0.7060
Stop at 0.7150
Target 1: 0.6960
Target 2: 0.6890

All trades have been activated ib Us session
  • #22,176
  • Jun 22, 2010 8:49pm Jun 22, 2010 8:49pm
Forex108 what is your trading style or TF?

And lot size if I may ask. These days it seems like wider stops and longer term trades are the best way to trade. Setup the day before, then ride.

Thanks!
X

PS. Tired of scalping. too time consuming and not enough gain, too much consistent risk
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #22,177
  • Jun 22, 2010 9:40pm Jun 22, 2010 9:40pm
French credit giant AGRICOLE SA faces 1 billion losses from new loans from its troubled greek business as europes debt crisis threatens relatively healthy countries
  • #22,178
  • Jun 22, 2010 10:49pm Jun 22, 2010 10:49pm
Quoting XTrade
Forex108 what is your trading style or TF?

And lot size if I may ask. These days it seems like wider stops and longer term trades are the best way to trade. Setup the day before, then ride.

Thanks!
X

PS. Tired of scalping. too time consuming and not enough gain, too much consistent risk
A dart Board with lots of darts
  • #22,179
  • Jun 22, 2010 11:12pm Jun 22, 2010 11:12pm
Quoting forex108
SELL AUD/USD at 0.8750
Stop at 0.8860
Target 1: 0.8560
Target 2: 0.8500
Oh well, I think we were looking at the same thing!
  • #22,180
  • Jun 23, 2010 12:49am Jun 23, 2010 12:49am
http://www.theage.com.au/business/br...0623-yxd3.html
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