AUD/USD | Page 1135 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #22,681
  • Aug 19, 2010 11:22am Aug 19, 2010 11:22am
price @ s1 currently

neckline @ s2

..
Attached Image (click to enlarge)
Click to Enlarge Name: 0-0,946.GIF Size: 15 KB
  • #22,682
  • Aug 19, 2010 11:24am Aug 19, 2010 11:24am
I have been holding short for a few weeks. Now the fast drop is coming.
  • #22,683
  • Aug 19, 2010 11:28am Aug 19, 2010 11:28am
Quoting mry2001
I have been holding short for a few weeks. Now the fast drop is coming.
I've been waiting for that fast drop all week.
  • #22,684
  • Aug 19, 2010 11:29am Aug 19, 2010 11:29am
Quoting jimbo86
i think thats how it works. took me a while to get my head around how bad us news saw aud,nzd/usd drop.
it has been pointed out to me before to watch the dow futures, as aud follows closely.
I heard of that too with the closeness of AUD to Dow futures. I am still looking to see where I can find live real-time feed of Dow futures prices.

On a logistic point of view, I can't understand how AUD could be related to Dow futures...
Make your losses in demo. Earn your profits live.
  • #22,685
  • Aug 19, 2010 11:31am Aug 19, 2010 11:31am
Quoting kandarv
To my understanding, more unemployment - less consumption - less demand for commodities. That's why commodities
currencies are bashed away. Look at USDCAD.
USDCAD is a totally different ball game altogether. CAD is based closely on oil prices as Canada is an oil producer. And since oil is a necessity so not sure if bad economy would affect oil consumption much. But Gold is demanded by the rich investors who want to preserve their wealth. So usually Gold prices go up when the market economy goes down. The China rationale makes sense. Wondering if there was something that went on that we don't know about.

Not sure why CAD would fall so much today as there is no -ve Canadian news or data today.
Make your losses in demo. Earn your profits live.
  • #22,686
  • Aug 19, 2010 11:34am Aug 19, 2010 11:34am
Quoting Forexia
USDCAD is a totally different ball game altogether. CAD is based closely on oil prices as Canada is an oil producer. And since oil is a necessity so not sure if bad economy would affect oil consumption much.

Not sure why CAD would fall so much today as there is no -ve Canadian news or data today.
It's all related, less consumption also means less oil consumption. Less transportations of goods.
  • #22,687
  • Aug 19, 2010 11:43am Aug 19, 2010 11:43am
Quoting Forexia
I heard of that too with the closeness of AUD to Dow futures. I am still looking to see where I can find live real-time feed of Dow futures prices.

On a logistic point of view, I can't understand how AUD could be related to Dow futures...

i use fxcm, their dow futures is US30, if you trade with a different broker you could still open a demo with fxcm to see it.
i think they're related because of risk, they dont follow perfectly (during aud news) but it gives a general direction other times
  • #22,688
  • Aug 19, 2010 11:47am Aug 19, 2010 11:47am
Quoting kandarv
I've been waiting for that fast drop all week.
I think it is just the begining. Do you remember august 2008?
AUDUSD may go back to .80 by the end of the year.
  • #22,689
  • Aug 19, 2010 11:55am Aug 19, 2010 11:55am
Quoting mry2001
I think it is just the begining. Do you remember august 2008?
AUDUSD may go back to .80 by the end of the year.
Well be seeing .80 by end of Sept.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #22,690
  • Aug 19, 2010 12:34pm Aug 19, 2010 12:34pm
Quoting mry2001
I think it is just the begining. Do you remember august 2008?
AUDUSD may go back to .80 by the end of the year.
I don't want to remember August 2008, trying to pick a bottom cause me my debut on blowing accounts.
  • #22,691
  • Aug 19, 2010 12:41pm Aug 19, 2010 12:41pm
Quoting jimbo86
i use fxcm, their dow futures is US30, if you trade with a different broker you could still open a demo with fxcm to see it.
i think they're related because of risk, they dont follow perfectly (during aud news) but it gives a general direction other times
Thanks. Is that the DOW future that expires in Sept. 2010?
Make your losses in demo. Earn your profits live.
  • #22,692
  • Aug 19, 2010 4:39pm Aug 19, 2010 4:39pm
Quoting Forexia
Thanks. Is that the DOW future that expires in Sept. 2010?

i dont know sorry. I think it is just a futures ticker. If you go onto daily fx forum, on the aud/usd thread there is someone under name "mostly harmless" who explains it, will have to go back a fair few pages (about 50 pages i think) as i think they are on holiday and not posted lately
  • #22,693
  • Aug 19, 2010 8:02pm Aug 19, 2010 8:02pm
Quoting jimbo86
i dont know sorry. I think it is just a futures ticker. If you go onto daily fx forum, on the aud/usd thread there is someone under name "mostly harmless" who explains it, will have to go back a fair few pages (about 50 pages i think) as i think they are on holiday and not posted lately
Thanks!
Make your losses in demo. Earn your profits live.
  • #22,694
  • Aug 20, 2010 1:28am Aug 20, 2010 1:28am
Does anyone have an opinion about the movement of the Aussie over the next couple of hours during Asian trading. The Aussie was hit hard as a result of the Philly Fed Manufacturing index last night. What a result 7.0 expected and came in at -7.7 !! "Expect the unexpected"
  • #22,695
  • Aug 20, 2010 4:19am Aug 20, 2010 4:19am
Quoting FxAussie
Does anyone have an opinion about the movement of the Aussie over the next couple of hours during Asian trading. The Aussie was hit hard as a result of the Philly Fed Manufacturing index last night. What a result 7.0 expected and came in at -7.7 !! "Expect the unexpected"
Don't know about the next couple of hours, but here's a speculative view of the next few days. Just my thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 20 KB
Never underestimate an idiot.
  • #22,696
  • Aug 20, 2010 5:14am Aug 20, 2010 5:14am
Hey - I love that saying 'Never underestimate an idiot' ! I already shorted AUD/USD - so have already closed my position. I love to trade - when I'm winning that is... Cheers
  • #22,697
  • Aug 20, 2010 5:56am Aug 20, 2010 5:56am
FX Aussie, why close the position? If the Labour Govt gets in the door, there's at least another 300 points to go...
  • #22,698
  • Aug 20, 2010 5:58am Aug 20, 2010 5:58am
Quoting dalvin_au
FX Aussie, why close the position? If the Labour Govt gets in the door, there's at least another 300 points to go...
i don't get it, please enlighten me what if labor wins?
Success consists of going from failure to failure without loss of enthusiam
  • #22,699
  • Aug 20, 2010 6:15am Aug 20, 2010 6:15am
Hey - I wouldn't want to express my thoughts on any party in this forum - both I think are not particularly savants?!?! We trust politicians up to an election and not afterwards - we should at least be consistant??!
  • #22,700
  • Aug 20, 2010 6:19am Aug 20, 2010 6:19am
Hey - my personal rule #1 - never keep an open position with no stop-loss over the Aussie weekend - particularly when an election is due.
24 traders viewing now