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AUD/USD

  • #27,741
  • Jan 31, 2011 11:40pm Jan 31, 2011 11:40pm
I'm thinking AUD/USD will go lower. I'm short with a TP of .9953
  • #27,742
  • Feb 1, 2011 1:53am Feb 1, 2011 1:53am
Maybe this level right now is not a longs place-but still, I will try to go long just under or around 1,0000. Only buy AUD ag USD right now for me.
  • #27,743
  • Feb 1, 2011 4:24am Feb 1, 2011 4:24am
Quoting Velywrong
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.
Now that is one funny post. Anyway, AUD/USD is at 1.0069. Love this pair.
  • #27,744
  • Feb 1, 2011 4:59am Feb 1, 2011 4:59am
well, it seems that every pair goes only where is wants to go. no matter where we want it to go and no matter where factors push it to go. if it wasn't like that, everybody would have made a fortune through forex. but that's not the case. on the other hand, analysts always have to say something about why the pairs go north or south... "AUD/USD goes north because of improved sentiment" or "AUD/USD goes south because of riots in egypt". i bet that many of them don't even dare to place a bet in forex. if they did, they would have gone solvent and wouldn't even have the money to maintain their website in order to get the few bucks they earn from google ads or so. jaja.
  • #27,745
  • Feb 1, 2011 5:07am Feb 1, 2011 5:07am
sold au at 1.0070...TP0.9990 Sl 1.0110
  • #27,746
  • Feb 1, 2011 5:09am Feb 1, 2011 5:09am
Oh Hell... This pair simply wants to suck my money...
Win some (on other pairs), lose some (especially on this freakin pair).
ces la vie
  • #27,747
  • Feb 1, 2011 5:26am Feb 1, 2011 5:26am
Quoting Velywrong
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.
Yes, that is also a way of using his crap. I personally put that bloke on iggy. That makes the thread less infested with thrash of "uninformed" ones, to say it in a decent way...
  • #27,748
  • Feb 1, 2011 6:35am Feb 1, 2011 6:35am
Quoting Alki
Expecting next target for Aussie at 1.0200 level (200 pips above parity) before short to 0.9830 level then maybe to the famous Ely 0.8900 target. Actually, i don't see any short at all expect obvious small retrace. Timing indicating february 1st -2nd, maybe before. I could be wrong because nothing is sure in trading, but i put already my plan to execution according to this calculation. I wait and see if wrong or right. From now money management takes control of the trades.

Enjoy your trades.
That was posted one week before. It remains today and tomorrow EST time and 150 pips to see if my whole analyze was correct or not.

During the last week, my calculation improved that i was correct, especially when i said " i don't see any short at all expect obvious small retrace". It was then obvious to follow it and go long at the best time and at the best price which was on the beginning of the week with 14 pips drawdawn as chart shows it.

As i said also in a post before, going short in 1.0200, if we arrive (because nothing is sure in trading), needs confirmation, in analyzing the Aussie behavior during rising, otherwise 1.0350 could aspirate it easily.


Enjoy your trades.
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Little luck is forex water. Learn all Trading strategies, then forget them.
  • #27,749
  • Feb 1, 2011 7:52am Feb 1, 2011 7:52am
since the 7th of january aud/usd has been trying to reach its high at around 1.0250 but all attempts have failed. more than 20 days later and since markets opened on monday, it has achieved a 38-hour continuous sharp uptrend and it's keep going at a moment that most where short. what a pair... however, it seems that finally there is going to be a pause for now.
  • #27,750
  • Feb 1, 2011 8:02am Feb 1, 2011 8:02am
Quoting kandarv
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.
I believe there is a Chinese holiday approaching. I suspect this bullish move has to do with China exchanges with Aussie. Look for at least 2 cosecutive 4hr bearish candles before you short.

Regards,
  • #27,751
  • Feb 1, 2011 8:10am Feb 1, 2011 8:10am
Quoting FX-Petra
I believe there is a Chinese holiday approaching. I suspect this bullish move has to do with China exchanges with Aussie. Look for at least 2 cosecutive 4hr bearish candles before you short.

Regards,
I was long since last friday, got some profit and moved my SL to BE, got hit Sunday on that bear opening. Lol. Now is 150 pips above where it was hit.
  • #27,752
  • Feb 1, 2011 8:32am Feb 1, 2011 8:32am
A large area of northern Australia is preparing for what could be one the of the biggest cyclones ever to hit the country.

Cyclone Yasi is 500km wide and bearing down on the state of Queensland, which has already suffered from devastating floods. The state premier, Anna Bligh, has described it as a "monster, killer storm" and she predicted deadly surges inland. It is likely to cross the coast sometime late on Wednesday local time - and could hit anywhere along a 400-mile stretch between Cairns and Bowen. It already is a Category 3 cyclone, and is likely to intensify to a Category 4, with gusts of wind expected to reach 160mph. Airlines are laying on extra flights to get people out of the area, especially tourists with nowhere else to go. But the storm is so wide that finding somewhere safe to move to will be difficult for tens of thousands of people. The holiday resort of Hamilton Island has already been evacuated, and coal terminals in Bowen and Mackay have closed down in another blow to the state's mining industry which has already been disrupted by flooding. Around 350,000 people live in the region, and they are being urged to make preparations on Tuesday because heavy rain and winds could begin to intensify while the eye of the storm is still a long way north. Ms Bligh said the threat to life and property was compounded by the possibility it could trigger a tsunami-like storm surge, especially if its landfall coincided with a high tide.

Source: SkyNews
  • #27,753
  • Feb 1, 2011 9:15am Feb 1, 2011 9:15am
what the heck is going in this pair, gold down while this pair up? doesnt make sense....
Logics do not apply in FOREX
  • #27,754
  • Feb 1, 2011 9:29am Feb 1, 2011 9:29am
Quoting bskwak1124
what the heck is going in this pair, gold down while this pair up? doesnt make sense....
yeah, lately it has been to read for me too. Everyone knows is due to a correction, but big players are enjoying the carry, so only RBA can stop this stubborn pair.

Right now standing in the 61.8 fib retracement attempting to break higher.
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  • #27,755
  • Feb 1, 2011 9:36am Feb 1, 2011 9:36am
Quoting bskwak1124
what the heck is going in this pair, gold down while this pair up? doesnt make sense....
this pair has the habit to follow. it follows the euro, it follows the gold, it follows the crude oil, it follows the market sentiment. so, there is always an excuse to make the movement it wants. at times, it follows none of the above but itself. then there are no excuses for making such a movement. however, currency pairs don't need an excuse, which seems to be quite a problem for traders.
  • #27,756
  • Feb 1, 2011 9:40am Feb 1, 2011 9:40am
I know there are traders getting hurt right now. There is nothing, from a fundamental view, to cause this rise. From a practical view, china is on holiday for the rest of the week, so maybe there are a lot of transactions being completed today. I firmly believe this will come back down, but there is no way to know when. Above 1.01 there is really nothing in the way (technically) to stop it testing a new high.

Regards,
  • #27,757
  • Feb 1, 2011 9:42am Feb 1, 2011 9:42am
Quoting BurgerKing
Oh Hell... This pair simply wants to suck my money...
Win some (on other pairs), lose some (especially on this freakin pair).
ces la vie

i hope Yasi will tomorrow erase this F country from the world map with their F currency
  • #27,758
  • Feb 1, 2011 9:45am Feb 1, 2011 9:45am
Quoting papaki
currency pairs don't need an excuse, which seems to be quite a problem for traders.
Man, ain't that the truth
Never been vouched
  • #27,759
  • Feb 1, 2011 9:46am Feb 1, 2011 9:46am
Shorts slaughtering...
Use me as a contrarian indicator
  • #27,760
  • Feb 1, 2011 9:48am Feb 1, 2011 9:48am
Quoting Horuss
i hope Yasi will tomorrow erase this F country from the world map with their F currency
AMEN
Use me as a contrarian indicator
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