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AUD/USD

  • #24,901
  • Nov 3, 2010 7:44am Nov 3, 2010 7:44am
Quoting usapgapro
Look at EUR selling off, not a peep out of AUD. This is one mean bull. Looking to break into new highs. We are at a really neat place right now. With NY just opening on average we still should see a 100pip move either up or down to make out daily range around 130pips by NY Close.


already in


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  • #24,902
  • Nov 3, 2010 8:16am Nov 3, 2010 8:16am
Quoting redsword11
Attachment




alot more PA than expected, it is breaking south, hopefully it goes


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one position hit tg, other @ BE



also cable south
  • #24,903
  • Nov 3, 2010 8:29am Nov 3, 2010 8:29am
Quoting redsword11
Attachment

Attachment





one position hit tg, other @ BE



also cable south

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banked most of it
  • #24,904
  • Nov 3, 2010 9:15am Nov 3, 2010 9:15am
Ok, I get the spike to challange parity on the surprise Ausse rate hike. But since then, everything has been USD positive or Aus negative, but there has not been very much downside movement. If A/U cannot break 9950 before the Fed annoncement, I am going to bail on my shorts. I just don't know if the market is irrational, or it knows something I don't about the impending Fed announcement.

Regards,
  • #24,905
  • Nov 3, 2010 9:33am Nov 3, 2010 9:33am
I guess we will fall to 9935 (previous tops TL, now support)... Then, more up.
Use me as a contrarian indicator
  • #24,906
  • Nov 3, 2010 10:15am Nov 3, 2010 10:15am
so that short afterall could have given a little more. It was a pretty classic configuration of a TL break.
  • #24,907
  • Nov 3, 2010 11:17am Nov 3, 2010 11:17am
Quoting FX-Petra
Ok, I get the spike to challange parity on the surprise Ausse rate hike. But since then, everything has been USD positive or Aus negative, but there has not been very much downside movement. If A/U cannot break 9950 before the Fed annoncement, I am going to bail on my shorts. I just don't know if the market is irrational, or it knows something I don't about the impending Fed announcement.

Regards,
And after FOMC statement we will have to watch over NFP, so it's a never ending story. Interventions here and there makes very difficult to trade, correlations are meaningless now. I was short the AUDUSD before RBA statement, that hike got me with my pants down. I don't know what to expect, P.A. is currently where my SL's where hit.

To me looks like surprise week, so Helicopter Ben is going to give away a lot more money for free, maybe the trillion, not the 500bn everyone are expecting, and that will be good, 'cause the worst scenario is a "no scenario" scheme, one where the Fed comes out with a statement without clear numbers. I'm flat till I know. BTW the swissy looks good for a long pos.
  • #24,908
  • Nov 3, 2010 2:14pm Nov 3, 2010 2:14pm
Well, I closed my shorts earlier in a little profit and have re-shorted @ 1.0025. I'm just not seeing this Aussie strength. Most recent data points have shown that Aus should not have raised rate. Also, US data shows things are not as bad as advertised. Fed decision was as expected/slightly bullish usd. I guess this is further proof that carry traders will do anything for yeild. I cannot predict when the turn will come, but today's price action convices me that this buying spree cannot continue much longer.

Regards,
  • #24,909
  • Nov 3, 2010 3:14pm Nov 3, 2010 3:14pm
I was in line with your thinking. I didn't expect this to make a run at .50 right here at the end of NY Business day. It just keeps moving up and with no sellers in sight. Not even a sign of taking profit on the day.


Quoting FX-Petra
Well, I closed my shorts earlier in a little profit and have re-shorted @ 1.0025. I'm just not seeing this Aussie strength. Most recent data points have shown that Aus should not have raised rate. Also, US data shows things are not as bad as advertised. Fed decision was as expected/slightly bullish usd. I guess this is further proof that carry traders will do anything for yeild. I cannot predict when the turn will come, but today's price action convices me that this buying spree cannot continue much longer.

Regards,
  • #24,910
  • Nov 3, 2010 3:24pm Nov 3, 2010 3:24pm
If we get good news tonight this think can head over 1.01 tonight....I agree that it's really high as it is now but who knows when this thing will turn it's in a strong up trend.
Former Trader Of the Year of the 95% losing club! Retired
  • #24,911
  • Nov 3, 2010 3:31pm Nov 3, 2010 3:31pm
I saw the bull and its glorious!!!

please note considering the fact this is against the usd...

usd is on the path to bankruptcy thank to this administration...
anyways happy holding this aussy..

sure as heck wouldnt hold any usd.
  • #24,912
  • Edited 4:35pm Nov 3, 2010 4:15pm | Edited 4:35pm
Shorted at 127% of last swing

5 waves and my thoughts are down.

Good luck


Mike Haran
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  • #24,913
  • Nov 3, 2010 5:08pm Nov 3, 2010 5:08pm
If I'm not mistaken, first daily close above parity...
Use me as a contrarian indicator
  • #24,914
  • Nov 3, 2010 5:13pm Nov 3, 2010 5:13pm
If you gonna sell the $ I guess you put it where you can get some of the best returns on interest.

Quoting mrbandwidth
If I'm not mistaken, first daily close above parity...
  • #24,915
  • Nov 3, 2010 5:40pm Nov 3, 2010 5:40pm
Quoting Piptaker
I was in line with your thinking. I didn't expect this to make a run at .50 right here at the end of NY Business day. It just keeps moving up and with no sellers in sight. Not even a sign of taking profit on the day.
Yes, I am still in. And I will be for a while. There was nothing that happened today to cause a move like this. This is about the carry trade right now. I may be wrong, and we may see 1.05 before .95, but I am betting (literally) that we won't.

Regards,
  • #24,916
  • Nov 3, 2010 5:41pm Nov 3, 2010 5:41pm
Quoting >Apocalypto<
hey any other long AUDUSD holders before the FOMC???

I'm a buyer in @ .99749........... had crap building approvals today but AUDUSD basically disregarded them. still looking for a confident move over parity.

good trading all......
i was right but wrong at the same time........... stopped out on that one.
  • #24,917
  • Nov 3, 2010 5:43pm Nov 3, 2010 5:43pm
Quoting Piptaker
If you gonna sell the $ I guess you put it where you can get some of the best returns on interest.
exactly, AUDUSD & AUDJPY my first choice for longs (if holding over a day).
  • #24,918
  • Nov 3, 2010 6:02pm Nov 3, 2010 6:02pm
Quoting domino
I saw the bull and its glorious!!!

please note considering the fact this is against the usd...

usd is on the path to bankruptcy thank to this administration...
anyways happy holding this aussy..

sure as heck wouldnt hold any usd.
I feel the same but we have to have faith in the votes that we cast last night domino.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #24,919
  • Nov 3, 2010 6:05pm Nov 3, 2010 6:05pm
Im currently in short mainly only based on the fact its so high, but two announcements coming soon could cause another spike? Anyone got any tips on where it could go?
  • #24,920
  • Nov 3, 2010 8:04pm Nov 3, 2010 8:04pm
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Bye Bye mining boom. Thanks RBA and Gillard govt. I guess I won't be getting that big $$$ job back again.
Trade what you see, not what you think.
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