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AUD/USD

  • #26,301
  • Dec 30, 2010 1:59am Dec 30, 2010 1:59am
I read some comments about not shorting, Haven't been following this pair to closely ... but

1. China had a little rate hike on Xmas, they should have atleast 2 rate hike by summer time for around .5% each.

2. Chinese inflation is up of course, but so are wages at 15% per year.

3. the housing bubble is getting worse

Just a couple crapping situations to deter the AUD progress.

I am really bias towards shorting this {already in short for long run}, but are there any fundamental reasons why this shouldn't go back below parity?
  • #26,302
  • Dec 30, 2010 2:16am Dec 30, 2010 2:16am
Quoting jack.canadia
See below. Any spike above the high should really only be a fake out to take out shorts. Be careful.
Got in at 1.0185 .. stop at 1.0205.
Attached Image (click to enlarge)
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  • #26,303
  • Dec 30, 2010 5:43am Dec 30, 2010 5:43am
Quoting primzvicious
hei prim..until here u find me....damm u

wow very nice entry tho....good job

  • #26,304
  • Dec 30, 2010 5:44am Dec 30, 2010 5:44am
Quoting jack.canadia
Got in at 1.0185 .. stop at 1.0205.
hey doc..how's exam...hope u'll get a nice result this sem ...wish u happy new year ...
  • #26,305
  • Dec 30, 2010 5:58am Dec 30, 2010 5:58am
Aussie is going down... finally!
Hope that the news from US will bring confidence in the USD.
  • #26,306
  • Dec 30, 2010 6:11am Dec 30, 2010 6:11am
Any one will tell me where the Aussie will stop .......

Or sky is the limit for it now ............
  • #26,307
  • Dec 30, 2010 6:37am Dec 30, 2010 6:37am
Be patient... wait for the news to come out.

http://www.forexfactory.com/calendar...2010-12-30&c=2
  • #26,308
  • Dec 30, 2010 7:34am Dec 30, 2010 7:34am
News came out very positive for USD, will have to wait for a change now.
  • #26,309
  • Dec 30, 2010 7:35am Dec 30, 2010 7:35am
Quoting Adeeeels
Any one will tell me where the Aussie will stop .......

Or sky is the limit for it now ............
1. open u daily gold
2. make/play with a smaller zoom
3. Then wait on Jan 1 and Jan 6/7, 2011
4. Then u could get the answer (try in demo if u do not get what i mean)......

time for my zzzz......

good luck

g
  • #26,310
  • Dec 30, 2010 7:41am Dec 30, 2010 7:41am
Quoting stock
Aussie is going down... finally!
Hope that the news from US will bring confidence in the USD.

hard to say mate, since aussie has surpass the first high on 2008, why not surpass the previous high on 2010 nov. I would rather be aside watching where this pair will go.
Logics do not apply in FOREX
  • #26,311
  • Dec 30, 2010 7:49am Dec 30, 2010 7:49am
grashid,i am newbie, would u pls explain further...would be very appreciate it...
  • #26,312
  • Dec 30, 2010 8:43am Dec 30, 2010 8:43am
any ideas why the aus is weak for couple of hours?any foundamental reason?
Never again will fade the trend
  • #26,313
  • Dec 30, 2010 8:48am Dec 30, 2010 8:48am
Because good news is coming out from US, I opened a short position at 1.0150, SL @ 1.0175, hope it won't go up again.

Anyway, be aware that anything can happen!
  • #26,314
  • Dec 30, 2010 8:50am Dec 30, 2010 8:50am
Quoting grashid
hei prim..until here u find me....damm u

wow very nice entry tho....good job

thx u very much as always master G
Verily, in every difficulties there is relief
  • #26,315
  • Dec 30, 2010 8:54am Dec 30, 2010 8:54am
Quoting stock
Because good news is coming out from US, I opened a short position at 1.0150, SL @ 1.0175, hope it won't go up again.

Anyway, be aware that anything can happen!

are you talking about usa unemployment claims?is that so high impact to press so much aus?
the thing is that the euro is very strong the same time that aus is very weak,something has to do with euro mayby.

euraud is at lowest of all times..mayby a reversal?
Never again will fade the trend
  • #26,316
  • Dec 30, 2010 9:09am Dec 30, 2010 9:09am
It is better to wait for a stronger signal. I'm waiting to see if Aussie goes under 1.013X.

EUR is doing better than the US dollar because there's positive news of recovery and a very strong uptrend; but this will not be confirmed until the next month. Anyway the fact that China offered to save EU, makes the Aussie a little stronger. Please correct me if I'm totally wrong.

Anyway, as I said before, it is better to wait for a stronger signal that will confirm a downtrend or maybe an uptrend.
  • #26,317
  • Dec 30, 2010 9:45am Dec 30, 2010 9:45am
Quoting stock
It is better to wait for a stronger signal. I'm waiting to see if Aussie goes under 1.013X.
1.0118

Shorts then?
Use me as a contrarian indicator
  • #26,318
  • Dec 30, 2010 9:53am Dec 30, 2010 9:53am
Quoting jack.canadia
See below. Any spike above the high should really only be a fake out to take out shorts. Be careful.

http://www.forexfactory.com/showpost...ostcount=26305

Congratulations friend.

Good job!
Use me as a contrarian indicator
  • #26,319
  • Dec 30, 2010 10:14am Dec 30, 2010 10:14am
Quoting mrbandwidth
http://www.forexfactory.com/showpost...ostcount=26305

Congratulations friend.

Good job!
Thanks .. I was just about to post an update chart for comparison. I got in at both levels and have since took profit.

Happy New Year to All.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: adu m15.gif Size: 21 KB
  • #26,320
  • Dec 30, 2010 11:04am Dec 30, 2010 11:04am
I think that Aussie will go down. But please note that this is not a recommendation, you open the position at your own risk! (set Stop Losses point at 15 pips from the opening)

I believe that Aussie will come down to 1.0100~1.0080. But it is only my opinion, after I compared the charts. Keep in mind that the Asian session is ahead.
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