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AUD/USD

  • #23,381
  • Sep 21, 2010 2:32pm Sep 21, 2010 2:32pm
Quoting Phonetic
closed my shorts .9530 made +10 more pips...wanted more but looks like it might rise above 9550 again to me
Think that was a smart choice. It`s to risky to go short without any confirmation.
  • #23,382
  • Sep 21, 2010 2:35pm Sep 21, 2010 2:35pm
lost 30 pips on 1 lot, broke even on 1 lot, made 20 pips on 2 lots. was lucky it came back down
  • #23,383
  • Sep 21, 2010 2:36pm Sep 21, 2010 2:36pm
Quoting Phonetic
lost 30 pips on 1 lot, broke even on 1 lot, made 20 pips on 2 lots. was lucky it came back down
Ya. Likely to touch 95.00 gain
  • #23,384
  • Sep 21, 2010 2:38pm Sep 21, 2010 2:38pm
Quoting Petar_Serbia
Good for you i am glad you took good pips but that is on news and for me this means nothing.Still think in next few days we will see sell pleasure,i didnt took sell i have 2 sell just on eurjpy audusd wait for good retrace on TL and than i will go on sell..THis was news and that sign for future,we will see what will market decide...


petar
There's definitely a lot of selling pressure, but I still see a very strong bull trend on the pair, no signs of weakness just yet, retracements have been credited to profit taking.

Right now I feel very comfortable with my trade and probably add some later. I'll be watching asia markets reaction to FOMC minutes should be exciting.

Good luck
Attached Image (click to enlarge)
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  • #23,385
  • Sep 21, 2010 3:22pm Sep 21, 2010 3:22pm
its just touched 0.9550 again and now it should be downhill. just went short on 0.9550. fingers crossed
  • #23,386
  • Sep 21, 2010 3:23pm Sep 21, 2010 3:23pm
Trying to build a short position for the 6th time since .90 without being stopped out. In on 5 contracts avg price .9530. Again, ultimately targeting the .81 area.
  • #23,387
  • Sep 21, 2010 4:21pm Sep 21, 2010 4:21pm
Mate why are you shorting it? it is in a solid uptrend. If you went long at that price, at least you would have cashed in some pips by now.

Take this noob's advice and don't short just yet. Best thing to do is sit on the fence and wait for a better opportunity.

Quoting usapgapro
Trying to build a short position for the 6th time since .90 without being stopped out. In on 5 contracts avg price .9530. Again, ultimately targeting the .81 area.
  • #23,388
  • Sep 21, 2010 4:32pm Sep 21, 2010 4:32pm
Possible bearish divergence forming at MACD-4H... Let's see next days how it develops.
Use me as a contrarian indicator
  • #23,389
  • Sep 21, 2010 4:46pm Sep 21, 2010 4:46pm
There's a lot of silly talk on this thread. I suggest you guys walk away from the monitor and take a deep breath.

No one on the trading floor gives a shit about some over leveraged day traders. Your positions mean nothing to the market. Even if you are taking lots of $100k, not mini, you're leveraged 99%, and your position is countered by some other idiot at the brokerage level.

Any pips moving at the interbank rate are trading hands at the $1m level. So you're going to have to get it out of your head that your market position and your buddies market position is going to help move the market. It won't. You're deluding yourself.

Just because the trend is continuing doesn't mean it's over bought. I've personally learned this the hard way. I suggest you look beyond the charts and gain a solid understanding of fundamentals. There are very valid reasons for concluding AUD will go above parity, and very valid reasons for the risk associated with it.

Charts are not the end all be all of trading. Some of you are over analyzing the charts and forgetting the real world.
  • #23,390
  • Sep 21, 2010 5:54pm Sep 21, 2010 5:54pm
Quoting TheTopBloke
There's a lot of silly talk on this thread. I suggest you guys walk away from the monitor and take a deep breath.

No one on the trading floor gives a shit about some over leveraged day traders. Your positions mean nothing to the market. Even if you are taking lots of $100k, not mini, you're leveraged 99%, and your position is countered by some other idiot at the brokerage level.

Any pips moving at the interbank rate are trading hands at the $1m level. So you're going to have to get it out of your head that your market position and your buddies...
totaly agree but maybe all the fundamentals have already moved the market. it has reached this point because of the fundamentals but no other news for the week seem to point north, exept if you gona trade audnzd then maybe the nzd GDP coming up should move it. im just a learner like everybody else so if im missing something do share it. whats giving you this bullish sentiment?
  • #23,391
  • Sep 21, 2010 7:09pm Sep 21, 2010 7:09pm
Another day another big figure.
Mkt chewing through the sellers as mugs like me try and short the stuff.
cud be a 30-80 range watch for oz yen sellers above 81.50
Dlr yen traders pussy footing and are scared of the mighty BOJ.
Dont be fooled.. dlr yen will go lower with or without em.
  • #23,392
  • Sep 21, 2010 7:10pm Sep 21, 2010 7:10pm
Hi all,

Posted this on another forum but thought I'd add it here as it relates to the A/U. I've limited my trading lately to trading the gaps when market reopens after the weekend and it has proven to be a good trade most weeks. But afer last weeks open, there are a large number of gaps still open, I'm looking primarily at A/U around 9280 and E/U around 1.27. Does anyone here use gaps as part of their analysis/trading? Seems strange that these gaps haven't closed yet... any thoughts?
  • #23,393
  • Sep 21, 2010 7:47pm Sep 21, 2010 7:47pm
High aud/usd is not always a good thing though. Exports become less profitable and prices hasn't really gone down yet over here. Businesses still reluctant to acknowledge that aus/usd is at least 0.90 in their prices. Lots of overseas students will be struggling with money due to the high aus dollar though. However reaching parity will definitely determine a big change to everything.
  • #23,394
  • Edited 8:16pm Sep 21, 2010 7:53pm | Edited 8:16pm
Quoting stiven
Hi all,

Posted this on another forum but thought I'd add it here as it relates to the A/U. I've limited my trading lately to trading the gaps when market reopens after the weekend and it has proven to be a good trade most weeks. But afer last weeks open, there are a large number of gaps still open, I'm looking primarily at A/U around 9280 and E/U around 1.27. Does anyone here use gaps as part of their analysis/trading? Seems strange that these gaps haven't closed yet... any thoughts?
Hi stiven,
I normally trade the gaps, but 2 weekends ago I chose to put on a buy instead of a sell.
http://www.forexfactory.com/showpost.php?p=4016573&postcount=8609

I think it still will eventually close. Don’t ask me how long though.
  • #23,395
  • Sep 21, 2010 8:15pm Sep 21, 2010 8:15pm
Quoting Spoony
High aud/usd is not always a good thing though. Exports become less profitable and prices hasn't really gone down yet over here. Businesses still reluctant to acknowledge that aus/usd is at least 0.90 in their prices. Lots of overseas students will be struggling with money due to the high aus dollar though. However reaching parity will definitely determine a big change to everything.
If you are worried about local pricing buy online overseas and forget these rip off merchants.
Tourism locally here is too expensive and they always blame the currency.
Exporters wont be too worried. If they have borrowings in US dollars which many of them have its a win win.
a High AUD means lower inflation less pressure on interest rates going up.
  • #23,396
  • Sep 21, 2010 8:23pm Sep 21, 2010 8:23pm
Thanks for the response Peter. I'm with you, think it will close but looks like a while away...

Quoting Peter-FX
Hi stiven,
I normally trade the gaps, but 2 weekends ago I chose to put on a buy instead of a sell.
http://www.forexfactory.com/showpost.php?p=4016573&postcount=8609

I think it still will eventually close. Don’t ask me how long though.
  • #23,397
  • Sep 21, 2010 8:36pm Sep 21, 2010 8:36pm
Quoting stiven
Thanks for the response Peter. I'm with you, think it will close but looks like a while away...

Hi stiven,
I don’t think gaps close because they’re gaps, but when the market closes the PA is mostly at an S/R point and as you know the PA goes from S/R to S/R, sometimes up and sometimes down. It’s learning how to guess which way (up or down) it will go, that’s important.
  • #23,398
  • Sep 21, 2010 8:49pm Sep 21, 2010 8:49pm
Quoting Peter-FX
Hi stiven,
I don’t think gaps close because they’re gaps, but when the market closes the PA is mostly at an S/R point and as you know the PA goes from S/R to S/R, sometimes up and sometimes down. It’s learning how to guess which way (up or down) it will go, that’s important.
I don't believe in gaps either, I'm an atheist on that respect.
  • #23,399
  • Sep 21, 2010 9:22pm Sep 21, 2010 9:22pm
This may not right but what you all guys think?
Attached Image (click to enlarge)
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  • #23,400
  • Sep 21, 2010 9:36pm Sep 21, 2010 9:36pm
Quoting kandarv
I don't believe in gaps either, I'm an atheist on that respect.


Hi kandarv,
I’m not an atheist, that would be like saying I don’t believe in God but I want to go to heaven when I die. My broker gives me gaps most openings and I take the profit when I can. But do gaps close because there is a gap…No!
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