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AUD/USD

  • #27,721
  • Jan 31, 2011 8:30am Jan 31, 2011 8:30am
Quoting FX-Petra
I do not like to scalp. It is a hard way to make a living. But that is all this pair has been good for lately. We have been range trading for the last 2 weeks--- and that may continue for a while. Maybe a China rate increase can break us out to the downside. Right now we are in a tug of war between deteriorating Aussie fundamentals and a Huge intrest rate differential. And yes, I have done a little scalping the last few days. That is all that the market has been offering. Good trades to all...

Regards,

No Changes!!!!!

Regards
  • #27,722
  • Jan 31, 2011 11:12am Jan 31, 2011 11:12am
Downward channel broken and tested. Northbound.

Next test parity.
Attached Image (click to enlarge)
Click to Enlarge Name: aud_channel_break.GIF Size: 44 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #27,723
  • Jan 31, 2011 11:57am Jan 31, 2011 11:57am
Quoting XTrade
Downward channel broken and tested. Northbound.

Next test parity.
Could be a false break?
  • #27,724
  • Jan 31, 2011 1:43pm Jan 31, 2011 1:43pm
http://www.bom.gov.au/products/IDQ65002.shtml
  • #27,725
  • Jan 31, 2011 3:38pm Jan 31, 2011 3:38pm
given the hugely coiled nature of this chart (look at daily is coiled right up)
one could expect a 'false break(s)' and possibly a hook in the opposing direction to the main move b4 it gets going for real.
  • #27,726
  • Jan 31, 2011 4:30pm Jan 31, 2011 4:30pm
I lowered my Pending order from 0.9990 to 0.9960. Im finally in.
Today's Risk Event is the AUD Interest Rate Decision. I expect NO HIKE.

With China going into a week long New Year Holiday starting Wed/Thu, Chinese money flow will dry out and send AUDUSD down. Possible RMB Int Hike also...

Oh yea, watch out for Chinese PMI too... could be a factor...
  • #27,727
  • Jan 31, 2011 8:05pm Jan 31, 2011 8:05pm
still not much of movements....
Logics do not apply in FOREX
  • #27,728
  • Jan 31, 2011 8:29pm Jan 31, 2011 8:29pm
Quoting kandarv
Could be a false break?
Hmm, it doesn't look like a false break. Nearing parity now, ahead of RBA rate decision, short squeeze in progress?
  • #27,729
  • Jan 31, 2011 9:22pm Jan 31, 2011 9:22pm
For all AUDUSD Bulls, its time to jump in and ride it up.. (not me, Im bear).
  • #27,730
  • Jan 31, 2011 9:34pm Jan 31, 2011 9:34pm
I am not Bearish on this Pair but I put in a bit of a Short position for now.
  • #27,731
  • Jan 31, 2011 9:43pm Jan 31, 2011 9:43pm
actually i am with you! but if sl kicks in...... then i will be away for awhile...
Logics do not apply in FOREX
  • #27,732
  • Jan 31, 2011 10:03pm Jan 31, 2011 10:03pm
Can someone please post a chart of 5mins with Bollinger Bands 20/2 (the standard)?

Thanks
  • #27,733
  • Jan 31, 2011 10:06pm Jan 31, 2011 10:06pm
Me too.

I'm nervous about this Pair making another move to the upside so my SL is in. Before that happens I'll take the risk that 0.9970'ish will be hit first.
  • #27,734
  • Jan 31, 2011 10:15pm Jan 31, 2011 10:15pm
Anyone kind enough to post their 5mins chart with BB on it?...

Feels like I'm on a general ignore list or something

Quoting kentashiburo
Can someone please post a chart of 5mins with Bollinger Bands 20/2 (the standard)?

Thanks
  • #27,735
  • Jan 31, 2011 10:23pm Jan 31, 2011 10:23pm
Sorry I pay no attention to Bollinger Bands.

With your chart package you should be able to add them to your chart with a click or two.
  • #27,736
  • Jan 31, 2011 10:45pm Jan 31, 2011 10:45pm
kinda interesting.... no hike in rate... still no movement, but yet there are slowly pushing this pair up.... maybe game change on thursday?
Logics do not apply in FOREX
  • #27,737
  • Jan 31, 2011 11:04pm Jan 31, 2011 11:04pm
Apparently "Bad Weather" news are positive for the Aussie.

-Cyclone approaching
-No rate hike
-Lower than expected PMI
-Every (retail) trader and his/her dog shorting the pair

Now well above parity again.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot_004.png Size: 37 KB
  • #27,738
  • Jan 31, 2011 11:06pm Jan 31, 2011 11:06pm
looks like a bull for today.... no change in IR for now seems like a good for aussie....
Logics do not apply in FOREX
  • #27,739
  • Edited Feb 1, 2011 12:14am Jan 31, 2011 11:08pm | Edited Feb 1, 2011 12:14am
Quoting ely
My calculations via my Panasonic Scientific Calculator is coming out at 0.8773
Which is why i have a Level 4 target of 0.8600-0.8900

Just got out of another day trade at 0.9943 and its gone lower!

I think there is every possibility the pump & dumpers on here will lift this pair one more time to 0.9970 today...please pumpers
I want to short again at that level

Thankyou
Dear Ely,

It seems like every time you come in here to shout your 0.8600 target without any substantial analysis, AUD will bounce off ferociously. From now on I will use your posts as the contrarian indicator. The next time I see you posting about your panasonic calculator and your level 4 target I will long this pair to 1.02.
  • #27,740
  • Jan 31, 2011 11:08pm Jan 31, 2011 11:08pm
Quoting Astroman
Me too.

I'm nervous about this Pair making another move to the upside so my SL is in. Before that happens I'll take the risk that 0.9970'ish will be hit first.
I'm out.
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