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AUD/USD

  • #25,741
  • Dec 7, 2010 9:54pm Dec 7, 2010 9:54pm
Quoting FX-Petra
The dollar kicked butt today across the board (except GBP), and I cannot find a good reason for it....
Hi Fxpetra,

Maybe Korea military exercise add some pression
Also thanks for reminder about triple interest day...
Trade with the momentum
  • #25,742
  • Dec 8, 2010 12:44am Dec 8, 2010 12:44am
Was considering a long around here, but i think i;ll take the EUR instead.
Biggest joker
  • #25,743
  • Dec 8, 2010 12:57am Dec 8, 2010 12:57am
Quoting mrbandwidth
hmmm...

9803 = 38.2% fibo of the last days rise.

And 50 EMA 4H is just there too...
My vote Fibo 61.8% and also nice support : area 97.20.
Trade with the momentum
  • #25,744
  • Dec 8, 2010 1:47am Dec 8, 2010 1:47am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Going long @ 9800
Trade what you see, not what you think.
  • #25,745
  • Dec 8, 2010 3:01am Dec 8, 2010 3:01am
Quoting damo
Going long @ 9800
target, please?
Use me as a contrarian indicator
  • #25,746
  • Dec 8, 2010 3:13am Dec 8, 2010 3:13am
Quoting damo
Going long @ 9800
Can you share your view about going long ?

About my short

1- looking for take some profit on area 9720-25 if we go there.
2- Bias bearish in case of retracement add short on area 9825 - 9850 and 9870.

Also on tomorrow don't forget the news.

Good trading to all
Trade with the momentum
  • #25,747
  • Dec 8, 2010 3:46am Dec 8, 2010 3:46am
Typically the EUR makes a lower low and the AUD a double bottom (so far)
To be expected when jumping in front of the immediate trend.
Biggest joker
  • #25,748
  • Dec 8, 2010 3:54am Dec 8, 2010 3:54am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
What a crap day. Chop chop chop. I'm out at breakeven.
Trade what you see, not what you think.
  • #25,749
  • Dec 8, 2010 4:00am Dec 8, 2010 4:00am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting mrbandwidth
target, please?
I don't use fibbos, just S/R and an ATR stop, which means I surf the trend until I get stopped. I will be more specific in future.

But as for the moment, I'm out. I may take a break to the short side if me make a new low. This is too choppy for me. I think last nights downturn was a little unexpected and spooked a few people.
Trade what you see, not what you think.
  • #25,750
  • Dec 8, 2010 4:04am Dec 8, 2010 4:04am
lets c the 9810 area .
A chart helps those who can read it.
  • #25,751
  • Dec 8, 2010 4:35am Dec 8, 2010 4:35am
would be a good point to short at 0.9810, this pair will be range bound for most of the day. pick up 20-30 pips.
  • #25,752
  • Dec 8, 2010 4:38am Dec 8, 2010 4:38am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
GBP has just shot up.
Trade what you see, not what you think.
  • #25,753
  • Dec 8, 2010 6:00am Dec 8, 2010 6:00am
My strategy for today:

-if we go to 9850 -> short
-if we go to 9735 -> long

opinions welcome...
Use me as a contrarian indicator
  • #25,754
  • Dec 8, 2010 6:13am Dec 8, 2010 6:13am
Quoting mrbandwidth
My strategy for today:

-if we go to 9850 -> short
-if we go to 9735 -> long

opinions welcome...
Just go long. Follow the green ribbon.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 126 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #25,755
  • Edited 5:36pm Dec 8, 2010 8:09am | Edited 5:36pm
Quoting FX-Petra
The dollar kicked butt today across the board (except GBP), and I cannot find a good reason for it. I talked to a friend in the biz, and the best he could do was "end of year squaring" of books and "some options being defended". A/U was near 9960 and has since seen a steady fall to 9800... and stayed there with very little bounce. I cannot find a fundamental reason why, so I am staying with my 1/2 lot long from 9850, and will look to add some more near 9760 where there is some good hourly support. Additionally, tomorrw is triple intrest day....
Long triggered last night @ 9770, to go with open long @ 9850. Target just below parity @ 9980. If this one hits, I will be done till January!

Regards,
  • #25,756
  • Dec 8, 2010 9:58am Dec 8, 2010 9:58am
There is a potential inverted H&S on the Daily. If it is going to play out, the 9720 area will have to hold. Break and daily close below 9720 and I am going to cut my longs loose.

Regards,
  • #25,757
  • Dec 8, 2010 12:44pm Dec 8, 2010 12:44pm
bullish MACD divergence at 15min.

However I doubt it will break above 9850...
Use me as a contrarian indicator
  • #25,758
  • Dec 8, 2010 3:13pm Dec 8, 2010 3:13pm
I'm seeing a Diamond formation on the 1H chart.

I haven't traded the A/U in a long time but I will be watching for a B/O one way or the other in the next few hours.
  • #25,759
  • Dec 8, 2010 3:30pm Dec 8, 2010 3:30pm
Looking for long at 9730!

s/l 9690 and t/p 9900
@pawpaw1000 on Twitter
  • #25,760
  • Dec 8, 2010 4:42pm Dec 8, 2010 4:42pm
Quoting Leche Mocha
I'm seeing a Diamond formation on the 1H chart.

I haven't traded the A/U in a long time but I will be watching for a B/O one way or the other in the next few hours.
Sweet, and here's a picture.

Attached Image (click to enlarge)
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