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AUD/USD

  • #25,321
  • Nov 18, 2010 11:50am Nov 18, 2010 11:50am
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 64 KB



manual stop for now
  • #25,322
  • Nov 18, 2010 12:12pm Nov 18, 2010 12:12pm
Quoting redsword11
Attachment


manual stop for now
I did same trade setup. Most likely my stop will be above the 9908 highs.
  • #25,323
  • Nov 18, 2010 12:25pm Nov 18, 2010 12:25pm
Quoting mck6206
I did same trade setup. Most likely my stop will be above the 9908 highs.
hello, dx below 4hr demand and 15 min PA


Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 66 KB


Attached Image (click to enlarge)
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  • #25,324
  • Nov 18, 2010 12:47pm Nov 18, 2010 12:47pm
Could be interesting if Gold breaks this resistence, both charts are Daily.

http://i136.photobucket.com/albums/q.../dailygold.gif

2nd chart is audusd Daily

http://i136.photobucket.com/albums/q...lyaudusd-1.gif
"You Can Make Money Or Excuses But You Can't Make Both!"
  • #25,325
  • Nov 18, 2010 1:23pm Nov 18, 2010 1:23pm
be aware there is a bearish DV on daily chart and if it can push price enough down a bearish H&S will triger and huge fall would be expected.
other hand break .9900 bring .9955 easily and then 1.0070. price consolidation
lead to wait and watch for break up or down put SL for your position
  • #25,326
  • Nov 18, 2010 1:30pm Nov 18, 2010 1:30pm
Quoting denewbie
Nope I was never. I was thinkin now might be a downward correction of the gains of the past two days. I m just borrowing the idea or a 38 - 50% retract for which ever direction the trend moves
Hi there, fibs are a very complicated tool to use, there are interactions between up trend plots and down trend ones, it takes a bit of time to understand how they might work, i say "might" because you'll never be sure.
Your guess for a short from here could have merit, neat little TL will be broken later on, could offer a good entry south, maybe even a re test, however staying open minded is the most difficult thing to do, i know i find it difficult at times, even after using fibs for the last 5-6 years.
Personaly i do remain mainly on the long side, but keeping an eye out on the DOW it is approaching resistance the currencies (and everything else) will follow only if the Equities actualy crash, which seems unlikely right now...
All of the above just MHO.
Biggest joker
  • #25,327
  • Nov 18, 2010 3:27pm Nov 18, 2010 3:27pm
Quoting MarcVUM
Sell @ 9900. Buy back @ 9830.
what a bunch of wankers they are! i'm out of this game.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #25,328
  • Nov 18, 2010 3:34pm Nov 18, 2010 3:34pm
Quoting MarcVUM
what a bunch of wankers they are! i'm out of this game.
Yeah, range bound at the moment, mise well take the little bit it's giving you.
  • #25,329
  • Nov 18, 2010 5:03pm Nov 18, 2010 5:03pm
AUD/USD ... What will decide the new trend?

I am pretty new to this, if it stays above parity for a 2cd time, are chances more likely that it will stay up ... or is it 'false' confidence based off u.s. dollar & not Aussie economy?
  • #25,330
  • Nov 18, 2010 7:46pm Nov 18, 2010 7:46pm
Japanes Finance minister Noda on the wire forex.com says downside risk still exists for japanese economy
  • #25,331
  • Nov 18, 2010 9:53pm Nov 18, 2010 9:53pm
Quoting mikej2010
AUD/USD ... What will decide the new trend?

I am pretty new to this, if it stays above parity for a 2cd time, are chances more likely that it will stay up ... or is it 'false' confidence based off u.s. dollar & not Aussie economy?

Hi mikej2010,
The Aussie dollar isn’t up because of how good it is, but because of how weak the US dollar is.
The other day when there was a scare about Ireland, the AU dollar dropped because traders began buying the US dollar.
So even though the US dollar is weak, people buy it when there are financial problems anywhere in the world…don’t ask me why.
  • #25,332
  • Nov 18, 2010 10:01pm Nov 18, 2010 10:01pm
go aussie go... down
In the days of old when sailors were bold, and seldom if ever contented.
  • #25,333
  • Nov 18, 2010 10:03pm Nov 18, 2010 10:03pm
Quoting Peter-FX
Hi mikej2010,
The Aussie dollar isn’t up because of how good it is, but because of how weak the US dollar is.
The other day when there was a scare about Ireland, the AU dollar dropped because traders began buying the US dollar.
So even though the US dollar is weak, people buy it when there are financial problems anywhere in the world…don’t ask me why.
money from investments is withdrawn from the markets and are moved to cash risk aversion or "cashing out" in a senario like apple computers.. its relative to the cash value.. so really your trading aapl/usd.. so when you think apples revenues will fall you sellout apple.. or buy usd/aapl.. creates pumping of the dollar.
  • #25,334
  • Nov 18, 2010 10:09pm Nov 18, 2010 10:09pm
Quoting domino
money from investments is withdrawn from the markets and are moved to cash risk aversion or "cashing out" in a senario like apple computers.. its relative to the cash value.. so really your trading aapl/usd.. so when you think apples revenues will fall you sellout apple.. or buy usd/aapl.. creates pumping of the dollar.
Well what was the purpose of QE2? .....To weaken USD? QE2 failed or did not start to work yet...
The Market pays you to be disciplined
  • #25,335
  • Nov 18, 2010 10:15pm Nov 18, 2010 10:15pm
Quoting mima
Well what was the purpose of QE2? .....To weaken USD? QE2 failed or did not start to work yet...
well yes ... qe2 was designed to weaken the usd .. and raise inflation.. stupid but nonetheless that was the idea.. right now the markets are trying to decide if the qe2 was price in by traders efficiently or not.. plus the goverment will slowly flood the market with cash overtime it isnt an instant thing.. same with bond buying they will buy here and there overtime until the limit is hit...
  • #25,336
  • Nov 18, 2010 10:16pm Nov 18, 2010 10:16pm
They have created a situation in the US just like Japan for the last 15 years... zero interest rates. This means they are boxed in, the US economy won't recover for at least 10 years, more likely a lot longer due committments to retiring baby boomers.

The US is a big chance of defaulting.

The US$ is the carry trade currency now. Borrow US$ at low rates to invest in AUD$ at 5 to 6%for instance.
In the days of old when sailors were bold, and seldom if ever contented.
  • #25,337
  • Nov 18, 2010 10:19pm Nov 18, 2010 10:19pm
Quoting pt49
They have created a situation in the US just like Japan for the last 15 years... zero interest rates. This means they are boxed in, the US economy won't recover for at least 10 years, more likely a lot longer due committments to retiring baby boomers.

The US is a big chance of defaulting.

The US$ is the carry trade currency now. Borrow US$ at low rates to invest in AUD$ at 5 to 6%for instance.
i personally have priced usa for debt restructuring within the next 5 years or so most believe 10 years is more realistic tho.. the consensus is it will happen among managers.. just when is the question at this point.
  • #25,338
  • Nov 18, 2010 11:28pm Nov 18, 2010 11:28pm
Quoting pt49
The US is a big chance of defaulting
It won't be the first time....
Biggest joker
  • #25,339
  • Nov 18, 2010 11:49pm Nov 18, 2010 11:49pm
Quoting pt49
They have created a situation in the US just like Japan for the last 15 years... zero interest rates. This means they are boxed in, the US economy won't recover for at least 10 years, more likely a lot longer due committments to retiring baby boomers.

The US is a big chance of defaulting.

The US$ is the carry trade currency now. Borrow US$ at low rates to invest in AUD$ at 5 to 6%for instance.
Don't put all your eggs in one basket.
  • #25,340
  • Nov 19, 2010 12:44am Nov 19, 2010 12:44am
Quoting 2+2=4ex
Don't put all your eggs in one basket.
Indeed the US is the main funding currency now. But remember, carry trades blow up every so often.
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