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AUD/USD

  • #28,581
  • Mar 10, 2011 9:59am Mar 10, 2011 9:59am
Quoting FX-Petra
Well, my Aussie long is getting my tail kicked today. Glad I was short on G/U to ease the pain. Man, this is an across the board USD kick butt day that you don't see very often!

Regards,
Really iching to buy now i've closed my Kiwi short,
going to drop down to 5 min chart and try to get in,
still looks bloody soft though.
You can remain irrational longer than you can remain solvent.
  • #28,582
  • Mar 10, 2011 10:06am Mar 10, 2011 10:06am
but dont follow me
  • #28,583
  • Mar 10, 2011 10:24am Mar 10, 2011 10:24am
Quoting FX-Petra
Well, my Aussie long is getting my tail kicked today. Glad I was short on G/U to ease the pain. Man, this is an across the board USD kick butt day that you don't see very often!

Regards,

You're not the only one .....
I just need it to move up to 1.0020
So i can closed out ....
  • #28,584
  • Mar 10, 2011 10:37am Mar 10, 2011 10:37am
Quoting FX-Petra
Well, my Aussie long is getting my tail kicked today. Glad I was short on G/U to ease the pain. Man, this is an across the board USD kick butt day that you don't see very often!

Regards,
There's room for more up on the buck... Up to 78.80 or so.
Time will tell.

It will sit for a bit, and gather steam. Get out your scalpel
No way I'll wreck this... It's a beer truck!
  • #28,585
  • Mar 10, 2011 10:49am Mar 10, 2011 10:49am
Bought at 0005,sl 9980.
Good RR i guess.
Looking for a run up to 0050
first then i don't know.
Will buy more dips if they show up.
Cheers.
You can remain irrational longer than you can remain solvent.
  • #28,586
  • Mar 10, 2011 11:25am Mar 10, 2011 11:25am
No problem now as this will easily break parity. Its that 0.9800 to break, then its down to circa 0.9400
Sanks

Saxo Bank
Mar 10 11

The Aussie topped out against the rest of the G-10 currencies at the end of last year. Since then, it has been trading sideways. In the case of AUDUSD, this has also been the case. Now, parity is within reach once again and a key rising trendline has been taken out intraday. The next steps are a close below the psychologically important parity level and then the big 0.9800 area support on the way, perhaps, to a test of the 200-day moving average (currently 0.9525)

http://twurl.nl/yhuuxx
  • #28,587
  • Mar 10, 2011 12:49pm Mar 10, 2011 12:49pm
[quote=jezek5;4461587]Bought at 0005,sl 9980.
Good RR i guess.
Looking for a run up to 0050
first then i don't know.
Will buy more dips if they show up.
Cheers.

Jumped out at BE,don't like the PA,
something doesn't feel right so i'm
flat till tomorrow.
Back to looking at buy around 9980.
Cheers.
You can remain irrational longer than you can remain solvent.
  • #28,588
  • Mar 10, 2011 1:15pm Mar 10, 2011 1:15pm
Quoting baron193
missed the reaction at '23 which was minor pivot, will enter a portion here (38) in case it takes off here, if it makes new low at'16 will enter another there, if drops further will either take the loss or temporarily hedge depending on PA.
Managed to get away with only a 1.5 pip loss, would have probably made a profit if i could stay up (night in my timezone) will see how it finishes for the week and what news we get over the weekend.
There's no doubt all this stirring in the North Africa is US$ positive as oil is still traded in the currency, i don't think it really is risk aversion yet, we'll find out soon enough though.
As far as TA is concerned i'm always cautious of ascending triangles as they usually provide excellent opportunities to short ! so far my high is 1.0200 not 250 to me it appears that is the selling level.
Biggest joker
  • #28,589
  • Mar 10, 2011 2:23pm Mar 10, 2011 2:23pm
Anyone are in long position?? What are ur expectation? I think that aud/usd 'll down a lot yet.... anyone knows how long?

thx to help!

see ya
  • #28,590
  • Mar 10, 2011 2:32pm Mar 10, 2011 2:32pm
Quoting Trn007
Anyone are in long position?? What are ur expectation? I think that aud/usd 'll down a lot yet.... anyone knows how long?

thx to help!

see ya
Yeah I'm banking on that.......unfortunately i was a fool and closed out my lots for a penny last night.......I could have had such a nice run, I hate that feeling, it's how i know i'm not good at manual trading in my discretionary account yet....only systems.
  • #28,591
  • Mar 10, 2011 2:37pm Mar 10, 2011 2:37pm
Quoting lolygagv2
Yeah I'm banking on that.......unfortunately i was a fool and closed out my lots for a penny last night.......I could have had such a nice run, I hate that feeling, it's how i know i'm not good at manual trading in my discretionary account yet....only systems.

Are u banking in a long position? Do u have setup's?

THX again
  • #28,592
  • Mar 10, 2011 2:51pm Mar 10, 2011 2:51pm
Quoting Trn007
Are u banking in a long position? Do u have setup's?

THX again

No, definitely banking on a short position right now, sorry. It's RIGHT at parity lol......it cleared above twice now and was rejected multiple times at the 1.02 level in the last two months, that's a RR of 200 pips for a drop below. There's no real fundamental reason to support AUD this high at this moment, the market is flipping negative on commodities etc. So this isn't a good time to go long, unless you are totally scalping pips on the dollar

If the large money is truly selling, which price action seems to indicate, then this thing will drop in increments this month. April and beyond, I don't know, but I'd be hesitant to buy aussie at the current levels, unless you are hoping for less than 100 pips and have a tight stop loss.
  • #28,593
  • Mar 10, 2011 3:11pm Mar 10, 2011 3:11pm
Quoting lolygagv2
No, definitely banking on a short position right now, sorry. It's RIGHT at parity lol......it cleared above twice now and was rejected multiple times at the 1.02 level in the last two months, that's a RR of 200 pips for a drop below. There's no real fundamental reason to support AUD this high at this moment, the market is flipping negative on commodities etc. So this isn't a good time to go long, unless you are totally scalping pips on the dollar

If the large money is truly selling, which price action seems to indicate, then this thing will...

hummmm... i understand.
Where is a good support or strong support for this pair?


thx for helping brother
  • #28,594
  • Mar 10, 2011 3:12pm Mar 10, 2011 3:12pm
Hope i can see this one through towards 0.8900
Its been a genuine technical target...and now the fundamentals are supporting that too

Not much calculations needed as to immediate direction...but i think the strength of the fall will get stronger, as this pair still owes about 3 to 4 days of 300 pip falls on a gap to gap basis.
Is definitely heading for that 0.9800 mark..once broken we can say hello to 0.9400 pdq!!

Looking extremely confident about this one, even though i have a short few hundred pips above parity, i know it won't get filled...period!

This could be an Audi Convertible at 0.9500
Safe Trading
Sanks
  • #28,595
  • Mar 10, 2011 3:47pm Mar 10, 2011 3:47pm
Interesting article for Bond junkies:

Pimco cuts US Treasuries holdings to zero!

http://www.ft.com/cms/s/0/d7b68a9a-4...#axzz1GEbRPhGm

AUD at discount bargain price, soon.
  • #28,596
  • Mar 10, 2011 3:48pm Mar 10, 2011 3:48pm
Yes that's it.....but I don't rely on it...its just there to make the screen look pretty lol! You can try it out...if you find a good way to let it work, let me know.

I use mostly trendline breaks and S&R......(most important thing on my chart is hand drawn trendline and H,L,HL, LL etc.....)

Quoting fxstman
Thanks Snowman.
I found this one as well.
  • #28,597
  • Mar 10, 2011 3:49pm Mar 10, 2011 3:49pm
Thanks for saving me time.....

Quoting TheSnowman
Get it here FX Multi Meter IV
  • #28,598
  • Edited 4:30pm Mar 10, 2011 4:19pm | Edited 4:30pm
Quoting Trn007
Anyone are in long position?? What are ur expectation? I think that aud/usd 'll down a lot yet.... anyone knows how long?

thx to help!

see ya
Yes. Long @ 0.9995, but this is a counter-trade and a short-term trade (that is: a few days if profitable, or perhaps I'll exit tomorrow if it goes further down). I would not recommend counter-trades PS: I was short from 1.185 closed today 1.010. So I would wait for a good bounce then short it again. JMO.

Quoting lolygagv2
No, definitely banking on a short position...
Totally agree with your post!
  • #28,599
  • Mar 10, 2011 4:43pm Mar 10, 2011 4:43pm
I agree a counter trade now for short term is a good idea....

Quoting bazooki
Yes. Long @ 0.9995, but this is a counter-trade and a short-term trade (that is: a few days if profitable, or perhaps I'll exit tomorrow if it goes further down). I would not recommend counter-trades PS: I was short from 1.185 closed today 1.010. So I would wait for a good bounce then short it again. JMO.


Totally agree with your post!
  • #28,600
  • Mar 10, 2011 4:54pm Mar 10, 2011 4:54pm
Quoting bazooki
Yes. Long @ 0.9995, but this is a counter-trade and a short-term trade (that is: a few days if profitable, or perhaps I'll exit tomorrow if it goes further down). I would not recommend counter-trades PS: I was short from 1.185 closed today 1.010. So I would wait for a good bounce then short it again. JMO.


Totally agree with your post!

Good trades... which analyze technique are you use?


thx brother
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