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AUD/USD

  • #28,621
  • Mar 11, 2011 10:59am Mar 11, 2011 10:59am
Possible bullish engulfing candle pattern at daily...
Use me as a contrarian indicator
  • #28,622
  • Mar 11, 2011 11:10am Mar 11, 2011 11:10am
seems to be on the money

Quoting jezek5
Hi Anne,i get your point very clearly ,just thinking,
not trying to argue but if they have to shut down nuclear
power plants cause of damage they might need more coal
rather than less,i guessing they have coal fire plants that
might get cranked up,also there will be a lot of rebuilding
to do so in the short run might not be so bad.
If feel bad thinking this way with all these poor people
with thier problems today,i've worked there in the past
and i really loved being there,great people.
I wish them my best.
Cheers.
  • #28,623
  • Mar 11, 2011 11:15am Mar 11, 2011 11:15am
Don't know much about candle formation names, only that I'll certainly try to short A/U next week. Don't know what entry yet. They could run this even higher.
  • #28,624
  • Mar 11, 2011 11:33am Mar 11, 2011 11:33am
Quoting mrbandwidth
Possible bullish engulfing candle pattern at daily...
I know! Am I a contrarian indicator or what? Quick, everyone, you know how to trade now when I comment!
  • #28,625
  • Mar 11, 2011 11:34am Mar 11, 2011 11:34am
Quoting bazooki
Don't know what entry yet. They could run this even higher.
1.0145-1.0160 could do the trick... maybe.

(reason: Bollinger bands)
Use me as a contrarian indicator
  • #28,626
  • Mar 11, 2011 11:39am Mar 11, 2011 11:39am
Yes, 1.0160 looks interesting.

Quoting Anne Clare
I know! Am I a contrarian indicator or what? Quick, everyone, you know how to trade now when I comment!
I don't know Sorry haven't your previous comments... What's your view?
  • #28,627
  • Mar 11, 2011 11:40am Mar 11, 2011 11:40am
Quoting mrbandwidth
1.0106

F*cking incredible!
That is right.

Assie should be strong through out this year.
In fact, it is because USD is weak.
  • #28,628
  • Mar 11, 2011 11:40am Mar 11, 2011 11:40am
Quoting mrbandwidth
1.0145-1.0160 could do the trick... maybe.

(reason: Bollinger bands)
I already hedged, been about successful, the trade is nearly at break even, but Should I hedge again? It's tapped out here for the last hour.......but if it's just stalling. If it goes up more, it could be on fast track to new highs, in which case, i'll turn the hedge into my primary objective and aim for 1.04.

My bias is still short until 1.0227 is breached.

Personally I think this move up was short squeeze + retailers going long
  • #28,629
  • Edited 12:19pm Mar 11, 2011 11:45am | Edited 12:19pm
From forex live, the USD is getting smoked because CNBC is saying that the damage to the Japanese economy will likely spawn QE3.

Forex live thinks its crazy. The damage to japanese industrial output will more likely discourage QE3.

I agree. However it's about time now for people to start making mutterings about QE3 anyway. So I see it as any excuse to bring up QE3 anyway. It might provide a convenient excuse for Bernanke. I think everyone is automatically expecting QE3 to happen. I personally seriously doubt QE3 will ever happen with the Tea Party in charge (how many Tea Party supporters are on fixed incomes? Not to mention the ideological issues), and Ron "End the Fed" Paul as head of the Congressional Oversight committee for the Fed. Or at least there will be a much bigger fight than people are expecting.
  • #28,630
  • Mar 11, 2011 11:49am Mar 11, 2011 11:49am
Quoting bazooki
Yes, 1.0160 looks interesting.


I don't know Sorry haven't your previous comments... What's your view?
I was expecting damage to Japan to negatively impact the AUD given that Japan is Australia's biggest export market especially in coal and the second biggest in iron ore.
  • #28,631
  • Mar 11, 2011 11:50am Mar 11, 2011 11:50am
Quoting FX-Petra
Still holding my 1.0045 trade from yesterday. Sl @ 9950 was just avoided. Looking to take 1/2 off near the hourly downtend line at 1.0090. We'll see what happens!

Regards,
Closed 3 lots @ 1.090. Still holding 2 lots for 1.0150. Will re-enter on a break of 1.0200. Gota love it when a plan comes toghether!! Good trades to all.

Regards,
  • #28,632
  • Edited 1:59pm Mar 11, 2011 11:53am | Edited 1:59pm
Quoting Anne Clare
I was expecting damage to Japan to negatively impact the AUD given that Japan is Australia's biggest export market especially in coal and the second biggest in iron ore.
This is why I have damn near stopped listening to the news and worrying about fundamentals. A/U hit big time support near 9970 area. When this was rejected, time to buy. If it can't go down, then it must go up.

Regards,
  • #28,633
  • Mar 11, 2011 1:24pm Mar 11, 2011 1:24pm
Earthquakes or not, from a TA (fibonacci) point of view the 161.8 almost got touched from a 61.8 retrace on multi day pattern, reason why i called a long earlier was because i saw reaction on .886 of the longer term re trace, 9978 long entry for me but did exit earlier than should have.
There's also support there of course, and a cluster of fibs also with so many possibilities of news for the weekend most traders exited any shorts they might have.
Biggest joker
  • #28,634
  • Mar 11, 2011 1:55pm Mar 11, 2011 1:55pm
Don't try to use logic in this game. If you do, you have to use logic of the big guns. Where you see destruction,damage to the economy,blablabla...,they are already thinking about rebuilding, insurance payouts,blablabla...
Nothing like a bit of GREED to cure a case of nervous Nellies, especially on a Friday stop hunting party!
  • #28,635
  • Mar 11, 2011 2:01pm Mar 11, 2011 2:01pm
Quoting FX-Petra
Closed 3 lots @ 1.090. Still holding 2 lots for 1.0150. Will re-enter on a break of 1.0200. Gota love it when a plan comes toghether!! Good trades to all.

Regards,
No need to be greedy. closed last 2 lots @ 1.0140. Flat A/U into the weekend. Good trades to all and we'll try again next week!

Regards,
  • #28,636
  • Mar 11, 2011 2:21pm Mar 11, 2011 2:21pm
Quoting FX-Petra
No need to be greedy. closed last 2 lots @ 1.0140. Flat A/U into the weekend. Good trades to all and we'll try again next week!

Regards,

Very wise, Petra. Congratulations!
Use me as a contrarian indicator
  • #28,637
  • Mar 11, 2011 2:24pm Mar 11, 2011 2:24pm
the lack of retracement is impressive
  • #28,638
  • Mar 11, 2011 2:25pm Mar 11, 2011 2:25pm
Manipulation to the max!
Keeping to the game plan...will put the last lot back in from 1.0200 , or watch it down after manipulation to reality.

Seen these type of movements before in stocks, namely RIO, CCL etc.
Wollop and manipulate to take out the stops, shorts/longs...but eventually price correction takes hold.

Safe trading
Sanks
  • #28,639
  • Mar 11, 2011 2:43pm Mar 11, 2011 2:43pm
Quoting ely
Manipulation to the max!
Keeping to the game plan...will put the last lot back in from 1.0200 , or watch it down after manipulation to reality.

Seen these type of movements before in stocks, namely RIO, CCL etc.
Wollop and manipulate to take out the stops, shorts/longs...but eventually price correction takes hold.

Safe trading
Sanks
ely,

I do not believe that anyone or any entity has the power to maipulate all USD related currencies. There was a broad move of USD strength yesterday. Today, that reversed and USD lost across all currencies. Don't know if it will reverse yet agian next week or not. But it is not some type of manipualtion.

Regards,
  • #28,640
  • Mar 11, 2011 2:43pm Mar 11, 2011 2:43pm
Quoting ely
Manipulation to the max!
Keeping to the game plan...will put the last lot back in from 1.0200 , or watch it down after manipulation to reality.

Seen these type of movements before in stocks, namely RIO, CCL etc.
Wollop and manipulate to take out the stops, shorts/longs...but eventually price correction takes hold.

Safe trading
Sanks
Hope u don't have to trade ur convertible for a set of rollerblades!...
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