AUD/USD

i didn't have a good trading day today.. didn't expect this after fridays bulish move.
Right now i am long to hit tomorows pivot point and 61.8 fib level for down trend.

What's with AUD not following EUR of GBP today? So weak against even NZD? Something wrong with fundamentals?

Usdx is up on risk aversion + Gold is down a bit. Nothing else that I can see. If you just looked at charts and listened to forex analysts you might be a bit bullish. However, reading up on all the other pairs you would have seen that today was going to be a big risk aversion day because of Eurobank worries and scary China rumors. That came out last night, north American time, so that is what I based my trades on and it worked out for me.

dow futures are down, aud is very closely related. it was pointed out to me by somebody on the daily fx forum, look for posts by mostly harmless, they are very helpfull, i think they said that for every 100 pips dow futures drops, aud/usd drops 1 cent. and off course every 100pips dow futures rises, aud/usd adds a cent

hmmmn... Interesting. Will do more research on this. Thanks

Lost this trade

it is a "risk-off" environment. Clues are seen in JPY, USD.

AUD not expecting a good retail sales report coming out later this week.

US not expecting encouraging data on jobs this week.

Also worries about China. CHina's SHIA fell 4.26% today. AUD linked closely with China's health.

I wouldnt try to guess the bottom.

Better to wait until the chart offers a good set up

at the moment equities and high earning currencies because of there interest rates are the guage of risk apetite greedy bulls are trying to make more profit buying dow ftse etc bears no that the rallies of late are unwarrented especially with the terrible state all countries are in we talk of the piigs etc but the truth is america the uk everyone is in the same boat, people are looking for news to guide us but the market as a whole swollows this news as it pleases the only thing you want to ask your self as the main mad livermoor would of is the market bullish or bearish at the moment i would say we are still undicided will the bulls and greed win or will the bears and fear prove themselves as i hope they will.

Some of the best advice is usually the simplest. I think some of the best advice that has stuck with me and server me well is that "fear is more powerful than greed". So when you read somewhat scary rumors about China economy possibly having problems + uncertainty how Euro banks will be able to handle debt payments etc. like I did last night I knew to give that much more weight than the optimistic stuff. That and the fact it's China and the Euro of course.

I guess the saying "buy on rumor sell on news" is sort of the same idea.

ausd-us... drop to 0,8475, hey ... what happend????

dean chain its at the 50% fibo of the previous swing high around 8470 check my previous posts on the page befor

is that mean it is bounching and will go up again?

i think down is the main theme here.

whats going on ?

to be honest im looking for downward pressure i was hoping japan would take us down last night but it didnt happen so we might get some choppy price action, i want the dow to break thru and stay under 9837 aud should follow it down, i know this is aud usd but iv put a short out on the dow on two breaks below the 9837 mark and have been whipped out with a loss not good it hasent stayed down like the ftse 100, but im hoping it will and ill add to my short possition on the aud using the equities as a guide, id like to say stay short but who knows at the moment no real real clear direction traders are still making up there mind aswell as that the dollar and risk are somewhat seperating so its quite a confusing time for me maybe not for someone else though, can anyone shed some light

are u guys in here using full lots or mini lots

sorry i meant to also say the last bounce back could not hold abouve the 50 day sma although it did break the benafit of the doubt should go to the sellers and they should keep controll for the time being

shorts have worked nicely. possible long here at the 50% fib AND the new rising TL: (i've not decided if im going for a long here, maybe after the 4HR bar closes.)

Mini.

full lots