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AUD/USD

  • #26,661
  • Jan 5, 2011 9:34am Jan 5, 2011 9:34am
If u speak w/o data...forget it !
  • #26,662
  • Jan 5, 2011 9:44am Jan 5, 2011 9:44am
Simple maths, get in BEFORE they do...get out BEFORE they do!
Target 0.8600-0.8900



Correction looms for soaring Australian dollar

"Hedge funds have definitely become more eager to sell Australian dollars since the break of parity (while) private clients are still happy to hold"!
Nonetheless, the experts agree the Aussie is above "fair value",
The International Monetary Fund recently assessed the Aussie's "true" value at only US68c.

"Our models have fair value for the Australian dollar currently around US90c, so we see the current level . . . as somewhat stretched," says Deutsche Bank currency strategist John Horner.

http://twurl.nl/nt5cjh
  • #26,663
  • Jan 5, 2011 9:48am Jan 5, 2011 9:48am
i see ppl entering longs position abv 09965. Good...Suit yourselves..if u so wish .
  • #26,664
  • Jan 5, 2011 9:58am Jan 5, 2011 9:58am
this data is low impact to buy AUD/USD but medium impact for selling USD/CAD.

previous data = -1.3m ---> -4.2m


Sellers of AU dnt worry too much...even if she goes up wont tht much. so u wait till where she goes up, then sell AU from there. got it !
  • #26,665
  • Jan 5, 2011 10:01am Jan 5, 2011 10:01am
u can sell tht usd/cad .if u so wish...chg taste

just careful...look for best entry to sell in tht pair.
  • #26,666
  • Jan 5, 2011 10:05am Jan 5, 2011 10:05am
i hv just sell usd/cad , blindly...
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  • #26,667
  • Jan 5, 2011 10:17am Jan 5, 2011 10:17am
ok...now let us rest while waiting for tht usdcad & audusd...and ,,,,,in 6 hrs time we gonna trade two data from Aust.

low & medium impact.

tc...
  • #26,668
  • Jan 5, 2011 11:01am Jan 5, 2011 11:01am
Quoting USD-Bear
hurry up, the red line is drawn down on my screen
well guess I have to do without vennD'S help then, long @ 99.90 (avg)
SL @ 99.50
TP none

M15:
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Don't be a hero. Don't have an ego. Always question yourself
  • #26,669
  • Jan 5, 2011 11:24am Jan 5, 2011 11:24am
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  • #26,670
  • Jan 5, 2011 12:01pm Jan 5, 2011 12:01pm
Quoting redsword11
Attachment

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closed most @ BE
  • #26,671
  • Jan 5, 2011 12:21pm Jan 5, 2011 12:21pm
Quoting USD-Bear
well guess I have to do without vennD'S help then, long @ 99.90 (avg)
SL @ 99.50
TP none

M15:
Attachment
No problem with a long. I don't know your trading style, but 9950 seems a little close for a stop. There is clear trend line support on the Daily near 9905. I would put my stop below that. However, if you are only going for a small pip gain to win, it would not make sense from a RR standpoint. Good luck with your long!!

Regards,
  • #26,672
  • Jan 5, 2011 1:10pm Jan 5, 2011 1:10pm
Tonite it will be the last aussi news of the week.
Previous month this indicator showed a big growth,
but now it's forecasted in a negative way...

Technically my 4h and 1h chart showing a small move going north..

so basicly waitin for a good sell entry point
we'll see, cheerzzz
Old Habits Die Hard.
  • #26,673
  • Jan 5, 2011 1:12pm Jan 5, 2011 1:12pm
Quoting FX-Petra
No problem with a long. I don't know your trading style, but 9950 seems a little close for a stop. There is clear trend line support on the Daily near 9905. I would put my stop below that. However, if you are only going for a small pip gain to win, it would not make sense from a RR standpoint. Good luck with your long!!

Regards,
Hi FX-Petra,
thanks for your concern, just teasing VennD a little
Don't be a hero. Don't have an ego. Always question yourself
  • #26,674
  • Jan 5, 2011 1:57pm Jan 5, 2011 1:57pm
Quoting Alki
Please feel free to ask if some points are not clear, since we are here to discuss trading.
It's OK thanks, I've seen your charts.
Gone to a better place
  • #26,675
  • Edited 2:18pm Jan 5, 2011 2:17pm | Edited 2:18pm
Thanks Peter and Slimtrady
i have been studying candlestick patterns and trying to get my head round to fibbonacci, i ll just have to add this PA reading to my list as well now lol.
getting better everyday.
Cheerz guys
HK

Quoting Peter-FX
Hi hkkhanus,
As slimtrady said PA is Price Action, therefore all I was saying was that the action of the trading had brought the price down to my H4 Lower Trend Line and even now it is still there after 1 hour. But now looks like it may be going down…possible sell.
[color=black][font=Times New Roman][i][font=Comic Sans MS][size=3]And again as slimtrady...
  • #26,676
  • Jan 5, 2011 3:06pm Jan 5, 2011 3:06pm
Quoting hkkhanus
Thanks Peter and Slimtrady
i have been studying candlestick patterns and trying to get my head round to fibbonacci, i ll just have to add this PA reading to my list as well now lol.
getting better everyday.
Cheerz guys
HK

The H4 hasn’t made its mind up yet, so still waiting for the H4.

However, whilst waiting for the H4 there was a 100pip PA on the chart which is good profit, while waiting at the H4 bus stop.

So the name of the game is, while waiting at the H4 bus stop, you can still scalp and make some pocket money.
  • #26,677
  • Edited 3:19pm Jan 5, 2011 3:15pm | Edited 3:19pm
Quoting Shaggy_rock
umpfh, yeap, lol ty
No, you had your fibs drawn correctly!
I just realized, you have taken the whole run, not the most recent one, in that case you have got them inverted.
Biggest joker
  • #26,678
  • Jan 5, 2011 3:40pm Jan 5, 2011 3:40pm
Still waiting for a strong signal to go long, but at the same time that signal could come when NZD/USD will touch 0.7500 level and goes back (a pending long order is already there). I prefer to wait the best wave than trying to take every wave just to be in the market. Return on investment should be as high as possible, otherwise no problem to wait.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #26,679
  • Jan 5, 2011 3:43pm Jan 5, 2011 3:43pm
Quoting Alki
Still waiting for a strong signal to go long, but at the same time that signal could come when NZD/USD will touch 0.7500 level and goes back (a pending long order is already there). I prefer to wait the best wave than trying to take every wave just to be in the market. Return on investment should be as high as possible, otherwise no problem to wait.
Fricken professional here..
  • #26,680
  • Jan 5, 2011 4:38pm Jan 5, 2011 4:38pm
I hope everyone has enough sleep. Now we are going to trade this two data from Aust.

AiG Performance of Services Index (Medium Impact) = Previous 46.2 , If increase Buy AU. In general abv 50 is good but record shows that since 3mths ago, all records are below 50. These worries Investors. Anyway, if abv 46.2 , just Buy !

Building Permits (YoY) / Low Impact = Previous 1.2% , If increase Buy AU.

This two data always cause votality in AUD. But dnt worry so much. Everybody shld scalp up and down prices below 1.0019, because we hv been here before (Oct/Nov/Dec). Prices below Monthly Pivot is control by Mr.Bear. Above that belong to Mr.Bull. Either way u can still live within 10hrs if prices maintain below 1.0019.

Further updates in a moment...
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