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AUD/USD

  • #22,921
  • Sep 12, 2010 3:18am Sep 12, 2010 3:18am
Quoting tiger2010
the trend of aud/usd is weird. many times it seems to be down, but it always come back.
yeah the 10year chart is indecisive too... could possibly be a downtrend..

nah looks like its getting ready to break all time highs to me ..

its making highs against the upper resistance area.... look at the wave patterns... no real compression as it approaches
im looking for it to either
1. rally directly through the upper trend
2. pull back and ride the intermediate downtrend near the resistance zone.. until it breaks and move with long term trend.

a short in here wouldnt impress me much
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  • #22,922
  • Sep 12, 2010 5:15am Sep 12, 2010 5:15am
I always take the S&P500 into consideration according my view to my traded currency pairs. I also watch the US Dollar Index and the 10 Year's Notes.

This week will be very interesting and kind of difficult for own decisions. I am still long the Aussie and expect a correction of approx. 100 pips.
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  • #22,923
  • Sep 12, 2010 6:07am Sep 12, 2010 6:07am
Quoting zunis-myst
I always take the S&P500 into consideration according my view to my traded currency pairs. I also watch the US Dollar Index and the 10 Year's Notes.

This week will be very interesting and kind of difficult for own decisions. I am still long the Aussie and expect a correction of approx. 100 pips.
AUDUSD gave me a very hard time this week.. So may fake move down
  • #22,924
  • Sep 12, 2010 8:05am Sep 12, 2010 8:05am
nah looks like its getting ready to break all time highs to me ..

I saw this news:
"
* CPI at 22-month high at 3.5 pct y/y; analysts not worried
* Industrial output and investment surprise on upside
* Economists say figures reveal China's underlying strength
By Zhou Xin and Simon Rabinovitch
BEIJING, Sept 11 (Reuters) - Chinese factories ramped up production in August and money growth easily topped expectations, showing that the economy remained buoyant despite government efforts to clamp down on bank lending and property speculation.
Investment was also resilient, while inflation sped to its fastest pace in 22 months, though the bulk of price rises stemmed from higher food costs, which analysts have said should be transitory after a spell of bad weather across China this summer."
http://www.reuters.com/article/idUSTOE68A00H20100911

That would be immediately bullish for AUD as well wouldnt it?
I have no enemy; I make Incautiousness my Enemy.
  • #22,925
  • Sep 12, 2010 11:00am Sep 12, 2010 11:00am
Quoting domino
yeah the 10year chart is indecisive too... could possibly be a downtrend..

nah looks like its getting ready to break all time highs to me ..

its making highs against the upper resistance area.... look at the wave patterns... no real compression as it approaches
im looking for it to either
1. rally directly through the upper trend
2. pull back and ride the intermediate downtrend near the resistance zone.. until it breaks and move with long term trend.

a short in here wouldnt impress me much
But PPP is 67 cents.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #22,926
  • Sep 12, 2010 3:10pm Sep 12, 2010 3:10pm
.93 from the start...
Use me as a contrarian indicator
  • #22,927
  • Sep 12, 2010 3:15pm Sep 12, 2010 3:15pm
Quoting mrbandwidth
.93 from the start...
gap will be closed most probably, may as well start falling if it breaches last weeks close level down.
  • #22,928
  • Sep 12, 2010 3:33pm Sep 12, 2010 3:33pm
Quoting glopfel
gap will be closed most probably, may as well start falling if it breaches last weeks close level down.
With a gap at 9300 or at least 20 pip gap higher from the close I will be selling at the open.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #22,929
  • Sep 12, 2010 5:51pm Sep 12, 2010 5:51pm
I see no gap, not that I trades gaps, just telling.
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  • #22,930
  • Sep 12, 2010 6:02pm Sep 12, 2010 6:02pm
the gap will close then rise again..................
  • #22,931
  • Sep 12, 2010 6:03pm Sep 12, 2010 6:03pm
Quoting kandarv
I see no gap, not that I trades gaps, just telling.
I don't see it on Oanda either, but it's definitely there on MetaTrader. Here's a SS from the 30 min.

http://i71.photobucket.com/albums/i1...rt/AU30MIN.jpg
Get money, don't let money get you. @kauaiforex
  • #22,932
  • Sep 12, 2010 8:13pm Sep 12, 2010 8:13pm
Quoting domino
yeah the 10year chart is indecisive too... could possibly be a downtrend..

nah looks like its getting ready to break all time highs to me ..

its making highs against the upper resistance area.... look at the wave patterns... no real compression as it approaches
im looking for it to either
1. rally directly through the upper trend
2. pull back and ride the intermediate downtrend near the resistance zone.. until it breaks and move with long term trend.

a short in here wouldnt impress me much

hi, buddy, if you want to short AUD/USD, you should be very careful. many times such an order is dangerous when the trend still have momentum.
it is better to wait it break the resistance line and than maybe you can find a good position to short it for a decent reward.
  • #22,933
  • Sep 12, 2010 8:15pm Sep 12, 2010 8:15pm
by the way, i think short EUR/USD now maybe is a better choice than short AUD/USD.
  • #22,934
  • Sep 12, 2010 9:43pm Sep 12, 2010 9:43pm
I'm short, will probably add a further short if it hits around 95-98
  • #22,935
  • Sep 12, 2010 11:41pm Sep 12, 2010 11:41pm
will be interesting to see when london floor traders turn on there computers, see there most short stops are set and pump up the aud closing out short stops before closing the gap?

have a good one

582
  • #22,936
  • Sep 13, 2010 12:19am Sep 13, 2010 12:19am
Quoting tiger2010
hi, buddy, if you want to short AUD/USD, you should be very careful. many times such an order is dangerous when the trend still have momentum.
it is better to wait it break the resistance line and than maybe you can find a good position to short it for a decent reward.

I dont short i move to no position.... other than that im gonna ignore the rest because ive been saying long.
  • #22,937
  • Sep 13, 2010 12:43am Sep 13, 2010 12:43am
it is in a long trend .why are you short it ??? i am confused.
A chart helps those who can read it.
  • #22,938
  • Sep 13, 2010 2:04am Sep 13, 2010 2:04am
don't short or you'll be trapped

also going long could not be a good idea at such a price

so I'd be short but at higher levels, above 0,9450 if it goes there

plenty of stops above 0,94, when they will be hit, many buyers could emerge and then it will drop back
  • #22,939
  • Sep 13, 2010 4:51am Sep 13, 2010 4:51am
Quoting geniusztc
it is in a long trend .why are you short it ??? i am confused.
Economic reasons, 0.93 cents is overvalued, Australia almost parity with a country responsible for majority of worlds trade? Yeah you've got to be kidding me.
  • #22,940
  • Sep 13, 2010 5:10am Sep 13, 2010 5:10am
My view.
gray AB=CD will be completed at top red line.
The blue lines are my TP targets.
I got a short order @ 9345 and am already short with a small amount.
Its fighting resistance right now.
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