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AUD/USD

  • #26,281
  • Dec 29, 2010 10:56am Dec 29, 2010 10:56am
...
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  • #26,282
  • Dec 29, 2010 11:04am Dec 29, 2010 11:04am
Quoting anthoniex
...
Are you shorting, then? And what target?

Thanks,
Use me as a contrarian indicator
  • #26,283
  • Dec 29, 2010 11:07am Dec 29, 2010 11:07am
Can anyone tell me what made the Aussie to crash during 5-8 Nov. 2010? Because in that period of time, on 5th Nov., actually, the daily high was 1.0183, and now it looks like if that high is being tested again.

Probably it will reach 1.02XX by 31, but in January it is possible that the Aussie will crash again.
  • #26,284
  • Dec 29, 2010 12:18pm Dec 29, 2010 12:18pm
Quoting stock
Can anyone tell me what made the Aussie to crash during 5-8 Nov. 2010? Because in that period of time, on 5th Nov., actually, the daily high was 1.0183, and now it looks like if that high is being tested again.

Probably it will reach 1.02XX by 31, but in January it is possible that the Aussie will crash again.
Stock indexes declined ...
  • #26,285
  • Dec 29, 2010 1:40pm Dec 29, 2010 1:40pm
Done with longs ... at least small correction probably coming.
  • #26,286
  • Dec 29, 2010 2:03pm Dec 29, 2010 2:03pm
Well, made short from .0175 with SL above .0210 an open TP.
  • #26,287
  • Dec 29, 2010 2:20pm Dec 29, 2010 2:20pm
What are the chances that Aussie will go down soon?

I'm waiting for this to happen since Monday... but no luck! It keeps going up because it brings confidence to investors (like gold).


http://www.forexfactory.com/news.php?do=news&id=273488
  • #26,288
  • Dec 29, 2010 3:32pm Dec 29, 2010 3:32pm
Quoting mrbandwidth
1.0185

Fuc*ing incredible...

Ill be waiting on the sidelines before I start trading anymore currencies.. everything is being bought up on low volume.. everything looks like its peaking.. I expect well see some risk adversion or time building more long OF.. if your trying to keep risk down nows the time to not trade. and I rarely ever take this stance..
  • #26,289
  • Dec 29, 2010 4:30pm Dec 29, 2010 4:30pm
Quoting mrbandwidth
So, time for shorts?



Sorry?
http://www.forexfactory.com/showpost...ostcount=26173

sorry for my late reply....

yes yesterday 2 dummies (gold and AUD) to measure the movement n now i start my first short at 1.01891...

if she close today above 1.01950..i will close this position and wait at 1.04450-1.05..cheers

my target could be 0.9850 but its open atm..
  • #26,290
  • Dec 29, 2010 4:37pm Dec 29, 2010 4:37pm
SL hit, at 0192, it is incredible how high Aussie is now... Kiwi too... everybody hates the US dollar , but this makes me stubborn, I want another short on Aussie!


Today we have news coming out, from US, but first from CNY:

CNY
HSBC Manufacturing PMI

USD
Unemployment Claims

Chicago PMI

Pending Home Sales m/m

Treasury Currency Report
  • #26,291
  • Dec 29, 2010 5:22pm Dec 29, 2010 5:22pm
Quoting FX-Petra
A/U hit my profit limit @ 1.0040 last night, so both trades from 9835 and 9960 are now closed. It would be great if there was a good pull back for a few days so I could re-enter after the new year. We will see.

A word of caution. This pair can go a lot higher. Short postioning is still very extreme by retail traders. Shorts and open intrest are both increasing over the last few days. That is NOT GOOD for short positions. Personally, I would not touch a short at ANY PRICE right now.... scalp or otherwise. If you must be short, know your stop loss...
As I said last week, this can go a lot higher. Short postioning is still extreme. Yes, we may retrace now....or maybe in another 500 pips north. There is no way to know. I know there are a lot of people staring at the chart and thinking "man, we have to come down some from here". We do not have to come down. Fortunes have been made over the last few months being long A/U, and fortunes have been lost being short. We are at the top of the mini daily channel (inside the Big Channel), so we MAY see a retace of 90-140 pips. If we brake through the top of the mini channel near 1.0225, then the sky is the limit. Somewhere between 1.0650 and 1.0750 would be a good target.
To sum up:

1) Do not be short this pair

2) If you must be short, pick your entries carefully, and have very tight stops.

Regards,
  • #26,292
  • Dec 29, 2010 5:24pm Dec 29, 2010 5:24pm
Quoting FX-Petra
1) Do not be short this pair

2) If you must be short, pick your entries carefully, and have very tight stops.

Regards,

agree dont short just wait.
  • #26,293
  • Dec 29, 2010 5:33pm Dec 29, 2010 5:33pm
It's heading to the moon!
  • #26,294
  • Dec 29, 2010 5:46pm Dec 29, 2010 5:46pm
i wont sell right now, on the weekly im having 3 higher lows theres a chance of a strong upmovement. i will stay on the sideline till something clear comes up.

good luck
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consistency wins
  • #26,295
  • Dec 29, 2010 6:57pm Dec 29, 2010 6:57pm
I'm seeing this as a false break. With Daily and 4hr stochastics overbought, along with the time of year, I'm putting in a short after the 4hr candle closes below 1.01810.

I just don't think there are enough big investors right now to push this thing higher....

Thoughts?
  • #26,296
  • Dec 29, 2010 7:15pm Dec 29, 2010 7:15pm
Quoting grashid
http://www.forexfactory.com/showpost...ostcount=26173

sorry for my late reply....

yes yesterday 2 dummies (gold and AUD) to measure the movement n now i start my first short at 1.01891...

if she close today above 1.01950..i will close this position and wait at 1.04450-1.05..cheers

my target could be 0.9850 but its open atm..
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Verily, in every difficulties there is relief
  • #26,297
  • Edited 8:35pm Dec 29, 2010 8:06pm | Edited 8:35pm
Weekly MACD is diverging, see below. May see some profit taking before new years.

I'll post another small chart with possible entry for short.
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  • #26,298
  • Dec 29, 2010 8:28pm Dec 29, 2010 8:28pm
See below. Any spike above the high should really only be a fake out to take out shorts. Be careful.
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  • #26,299
  • Dec 29, 2010 8:34pm Dec 29, 2010 8:34pm
Quoting jack.canadia
Weekly MACD is diverging, see below. May see some profit taking before new years.

I'll post another small chart with possible entry on moving avg cross over and TL break.
nice to see you doc... hows ur study
Verily, in every difficulties there is relief
  • #26,300
  • Dec 29, 2010 8:36pm Dec 29, 2010 8:36pm
Quoting primzvicious
nice to see you doc... hows ur study
You too ... on holidays now, so been sharpening up my trading technique. Otherwise, school has been going well thanks.
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