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Attachments: AUD/USD
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AUD/USD

Long at .9965. I was looking for a bounce out of .9950/60 area. I'm looking for a retest of parity.

Time will tell.
Quoting aussietrader
Did it just Gap Down on the M5 or is that just my broker? (GoMarkets)
I have the same gap and the same broker.
Possible H&S at 10min...
Use me as a contrarian indicator
Too risky to go long at this moment...too many people will short this once it reach parity. I set limit order short instead. Expect high volatility once we reach that level.
Yeah I'm thinking the same thing, perhaps I was trying to be a bit greedy with my entry. (Thinking on both sides of the coin...its been a weakness in my past and I thought I had stopped doing it).

I felt a bit uneasy about it a while after I entered, so I left the trade at break even.
Quoting Westy_10.9
Yeah I'm thinking the same thing, perhaps I was trying to be a bit greedy with my entry. (Thinking on both sides of the coin...its been a weakness in my past and I thought I had stopped doing it).

I felt a bit uneasy about it a while after I entered, so I left the trade at break even.
Hi Westy. I was short when you took that long at 9965...this is what I was seeing at that moment. Glad you got out at B/E.
Attached Image (click to enlarge)
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
http://news.ino.com/headlines/?newsid=68973826977900
Check this prior to the news

Forecasts are the news will be good. Forecasts are good previous are good same month great expectations
AUDUSD is very close to the ceiling. Take a look at monthly chart spanning over 20 year from 1989. Parity is good place to start shorting, because it is too risky to go long now. For long term trade however, the key to reserval of the current bullish run, which has been running on steroid, is in the weekly chart. A bearish candle on the weekly is what I am waiting for.
Attached Image(s) (click to enlarge)
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Limit sell @1.01
why sell limit do you want to buy there and exit or sell
Hi guys,

Just wondering with the upcoming announcement (or non announcement) by the FED of the QE2 strategy - what impact will this have on this pair.
The saying buy the rumour and sell the news comes to mind.

So assuming the equity markets don't like the news and correct (or tank) - what is the likely impact on the AUS/USD?
- $$ goes to Gold which in term increases the AUD?
- $$ goes to USD as risk aversion reduces?

Help!!!
Quoting timster
Hi guys,

Just wondering with the upcoming announcement (or non announcement) by the FED of the QE2 strategy - what impact will this have on this pair.
The saying buy the rumour and sell the news comes to mind.

So assuming the equity markets don't like the news and correct (or tank) - what is the likely impact on the AUS/USD?
- $$ goes to Gold which in term increases the AUD?
- $$ goes to USD as risk aversion reduces?

Help!!!
dont buy the rumour sell the news.. react to what happens.. if aud breaks short sell if it breaks high buy.
Quoting timster
Hi guys,

Just wondering with the upcoming announcement (or non announcement) by the FED of the QE2 strategy - what impact will this have on this pair.
The saying buy the rumour and sell the news comes to mind.

So assuming the equity markets don't like the news and correct (or tank) - what is the likely impact on the AUS/USD?
- $$ goes to Gold which in term increases the AUD?
- $$ goes to USD as risk aversion reduces?

Help!!!
Don't anticipate the move. Wait until you see a clear move if QEII is what you are looking to trade. Otherwise, keep making short term trades up to the news announcement.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
ok thanks guys, just thought it would be good to have some discussion around likely impacts etc.
Appreciate the feedback!
Quoting Pipwanderer
why sell limit do you want to buy there and exit or sell
That's where I place my bet for a first meaningful correction.
Look like strong resistance at 9915. If 9900 broken then we may have a red daily candle.
Quoting pqt
That's where I place my bet for a first meaningful correction.
Besides i am very bearish riight now on the aussie it is starting to decline my hourly trend line has been broken looing to see if it is temporary..but i wish i could go long on there
Quoting lasty
This article speaks for itself..
http://www.news.com.au/business/oil-...-1225936903076

Its going gangbusters..

As for the currency.. when you have interest rate differentials of 4.25% Aussies favour why park it elsewhere.
Its going up and those who talk of overvaluation arent seeing the big picture..
$525k per year to weld. Oh yeah, that makes sense. No wonder the government has jacked everything up. Like I said before, inflation on many things went up 50% over a single year. The government there is just trying to suck up every dollar they can for themselves. There are far more people out there that don't make anywhere near this kind of money in Australia. No wonder they're such grumpy wankers!
Quoting TheTopBloke
$525k per year to weld. Oh yeah, that makes sense. No wonder the government has jacked everything up. Like I said before, inflation on many things went up 50% over a single year. The government there is just trying to suck up every dollar they can for themselves. There are far more people out there that don't make anywhere near this kind of money in Australia. No wonder they're such grumpy wankers!
Back in the States?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
Quoting lasty
The big picture is this...
Asian economies are growing.. they need our resources and no doubt food which will be our next major export..

Im sure the Australian economy will make mistakes but they also need to use the income and build infrastucture.. redirect water etc..

The next few decades will be prosperous whilst India, China and the rest of Asia grow.. Once the tap is turned off then Yes we may have caught th American disease. Make hay while the sunshines.
You're absolutely right about infrastructure, but you're totally wrong about the next few decades, because you're absolutely right about infrastructure.
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