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AUD/USD

  • #27,861
  • Feb 3, 2011 10:22am Feb 3, 2011 10:22am
It appears to be sending the price down. Still early days...
If you think you can or cannot do it you are correct
  • #27,862
  • Feb 3, 2011 10:22am Feb 3, 2011 10:22am
Gold and Copper will give you the reason for AUD resilience today. Huge moves up...
  • #27,863
  • Feb 3, 2011 10:35am Feb 3, 2011 10:35am
1.015 is the last line of defense for a while.
  • #27,864
  • Feb 3, 2011 10:39am Feb 3, 2011 10:39am
Quoting Venice
Yes, it's just the aussie keeps giving conflicting signals to me... and I don't see that they are conflicting until the day after...

My strategy apparently needs a little extra something to wash out the noise.
For myself, i have signals for higher, but i can not take it because my timing calculation did not yet giving confirmation. To go down and take a real plummet, my calculation asked me many conditions to confirm that. One condition for example is to make more that 130 pips as retrace from a top. I was long on Aussie and took nice pips and get out when i got a signal to stop. Please, note that i am not gumbling when trading, that's why i did not apply stop and reverse technique when i did not get a real signal to go for a long run to south. Then i prefer to wait and see.

Hope to you to find weak points on your strategy. Take care.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #27,865
  • Feb 3, 2011 11:49am Feb 3, 2011 11:49am
Quoting Olu
I am currently taking a licking in this pair. I used the same analysis for the £ and the aud. The £ is currently working but the aud is not. unfortunately I chose to trade the aud

We live to fight (trade!) another day...
I assume you're a female?
Biggest joker
  • #27,866
  • Edited 12:01pm Feb 3, 2011 12:00pm | Edited 12:01pm
Make or brake around these levels, best chance for a decent short or it could continue to 1.03
The shorts could have relatively tight stops here, but pay the interest penalty, where's the long entry here is possibly a nightmare with price just popping the high, so any entry long would have to be on the fast TF's making the use of tight stops possible.
Just my opinion, use your own analysis.
Biggest joker
  • #27,867
  • Feb 3, 2011 12:07pm Feb 3, 2011 12:07pm
On what side it will go? I think short, but it goes up all time.
  • #27,868
  • Feb 3, 2011 12:15pm Feb 3, 2011 12:15pm
Quoting baron193
Make or brake around these levels, best chance for a decent short or it could continue to 1.03
The shorts could have relatively tight stops here, but pay the interest penalty, where's the long entry here is possibly a nightmare with price just popping the high, so any entry long would have to be on the fast TF's making the use of tight stops possible.
i think it's worth paying the swap. it is going to go at least 50pips down within the next few hours. however, with this pair one cannot be sure for anything. but there is a very very low possibility to go against. so, in the worst case there won't be any profit.
  • #27,869
  • Feb 3, 2011 12:55pm Feb 3, 2011 12:55pm
My stop loss just go hit @1.0163

This is crazy.
  • #27,870
  • Feb 3, 2011 12:56pm Feb 3, 2011 12:56pm
it works its way up to the 1.01670 where it should meet resistance. If it breaks through there than it should want to go for the record high of 1.02542. We'll see what happens.
Taigen Profit This Month: na
  • #27,871
  • Feb 3, 2011 1:36pm Feb 3, 2011 1:36pm
out once it broke the hourly double top to the upside.
The pain is over
If you think you can or cannot do it you are correct
  • #27,872
  • Edited 1:46pm Feb 3, 2011 1:46pm | Edited 1:46pm
This one is struggling with resistance atm, so tempted to go for a quick short and reap some pips. Tho, some major new hitting AUD soon, so i think i will be sitting on my thumbs.

And forming some IB's, it has to make some move soon..
  • #27,873
  • Feb 3, 2011 2:06pm Feb 3, 2011 2:06pm
Almost at Nov 2010 peak. Could test Dec 2010 peak...
So very bullish huh?
  • #27,874
  • Feb 3, 2011 2:08pm Feb 3, 2011 2:08pm
Quoting spot
This one is struggling with resistance atm, so tempted to go for a quick short and reap some pips. Tho, some major new hitting AUD soon, so i think i will be sitting on my thumbs.

And forming some IB's, it has to make some move soon..

IB's ?

Thanks,
Use me as a contrarian indicator
  • #27,875
  • Feb 3, 2011 4:05pm Feb 3, 2011 4:05pm
So far that fib level has held. I'm out for now, waiting to reenter after RBA if I see fit, which means nothing...
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  • #27,876
  • Feb 3, 2011 4:40pm Feb 3, 2011 4:40pm
the cyclone missed the Metropolitan area,, the final cost might be only 10 million , and mostly cost is on the luxuary boats
  • #27,877
  • Feb 3, 2011 4:46pm Feb 3, 2011 4:46pm
Quoting kandarv
So far that fib level has held. I'm out for now, waiting to reenter after RBA if I see fit, which means nothing...
The fib level is gone now after RBA. 1.0250 on sight. Not trading.
  • #27,878
  • Feb 3, 2011 5:30pm Feb 3, 2011 5:30pm
which might be testing record high. Nothing else is moving.
Taigen Profit This Month: na
  • #27,879
  • Feb 3, 2011 5:31pm Feb 3, 2011 5:31pm
Entered short at 1.0190 but with a tight SL.
  • #27,880
  • Feb 3, 2011 5:53pm Feb 3, 2011 5:53pm
It is sometimes wisest to wait to sell AU until you see a bullish engulfing candle on the EUR/AUD cross, 5M or 15M.

If support holds @ 1.3350 (which it may not, might re-test the trend line when the pressure is on later today), and you see evidence of sufficient sellers on AU (via wicks on the AU 5M or 15M, telling you that price is being consistently rejected, more sellers than buyers are now present), that may be the best time to short.

The other possibility is that market will continue selling down the cross to prop AU up ahead of the NFP number.
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