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  • #261
  • Mar 28, 2011 3:10am Mar 28, 2011 3:10am
Quoting evelee8
Hahaha.
The highest record in the history.
Really impressive!

Part of my short hit SL. =="
Balance it back with the last Friday Shorting's quick earn.

Aussie now trading at 1.0303

I doubt the other forum "Ely" can survive ?

Are we seeing a down turn soon?
I do not dare to go for Long as the technical indicator still showing "Sell" trend.
Ely has mentioned in one of his posts that he will keep selling all the way to 1.1 so he probably has the holding power.

Anyway this pair seems to be defying gravity, missed the chance to long at 1.0255 few hours ago now staying at the sideline.
  • #262
  • Mar 28, 2011 3:19am Mar 28, 2011 3:19am
Quoting skipismad
Ely has mentioned in one of his posts that he will keep selling all the way to 1.1 so he probably has the holding power.

Anyway this pair seems to be defying gravity, missed the chance to long at 1.0255 few hours ago now staying at the sideline.
I missed mine @ 1.023X this early morn. (was very hesitating plus no enough info to prove for a Long)
maybe The weather just too cold to shake me off from proceed with the Long?
ha ha ha.
Sorry - my excuse. =P
  • #263
  • Mar 28, 2011 3:32am Mar 28, 2011 3:32am
Quoting manxboy
Who is short?, I can see 1.0090 coming this week
by the left of ur eyes, or the right one?
  • #264
  • Mar 28, 2011 3:41am Mar 28, 2011 3:41am
Quoting evelee8
Hahaha.
The highest record in the history.
Really impressive!

Part of my short hit SL. =="
Balance it back with the last Friday Shorting's quick earn.

Aussie now trading at 1.0303

I doubt the other forum "Ely" can survive ?

Are we seeing a down turn soon?
I do not dare to go for Long as the technical indicator still showing "Sell" trend.
Nice trade. Congratulation.
  • #265
  • Mar 28, 2011 3:42am Mar 28, 2011 3:42am
Quoting Kristo
I dont usually take entry triggers from divergence, however I also dont ignore it completely. Its everywhere on the long term charts at the moment which is one of the reasons why I am on the sidelines until we get a week or two into April. The Monthly is setting up for a strong bullish close but not a particularly bullish Quarterly close (opened @ 1.0221 on Jan 1st), the new all-time high printed last week is a positive sign. There's definitely some strength holding AUD up there, but overall it has not really gone anywhere since Jan the 1st. Perhaps...
Agree. It also depends what's time frame being used.
  • #266
  • Mar 28, 2011 6:26am Mar 28, 2011 6:26am
In the event the HnS on the cross may be the real deal... looking for a retracement to 1.01820.
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  • #267
  • Mar 28, 2011 6:39am Mar 28, 2011 6:39am
Should add that shorting AU and going long the crosses in the lead up to US equities isn't recommended. Trades are covered in the event it reverses (which it may).

There are times when trading the technicals over-rides what might otherwise be the usual situation (normally long AU in the lead up to US equities and short the crosses). Not sure this instance of habit reversal will stick, but it looked sufficiently interesting to take the risk.

I'm also long GU, don't ask - cable just has a mind of it's own (+ the TA on the EUR/GBP cross supported long GU and long GBP/AUD).

Good trading to us all, whatever your bias. Stay safe.
  • #268
  • Mar 28, 2011 7:48am Mar 28, 2011 7:48am
Quoting mags01
This is extreme. Every chart I can see, from M1 all the way to Monthly, screams overbought.
What are you looking at for overbought? What are your settings? None of my settings are reading overbought ATM.

Regards,
  • #269
  • Mar 28, 2011 8:22am Mar 28, 2011 8:22am
Quoting FX-Petra
What are you looking at for overbought? What are your settings? None of my settings are reading overbought ATM.

Regards,
I tend to rely on stochastics for overbought/oversold. One of the settings is 14, 3, 5. Four-hourly upwards are still overbought ATM with that setting.
  • #270
  • Mar 28, 2011 8:32am Mar 28, 2011 8:32am
Quoting mags01
I tend to rely on stochastics for overbought/oversold. One of the settings is 14, 3, 5. Four-hourly upwards are still overbought ATM with that setting.
Rsi has plenty of room to run on the daily chart.

Regards,
  • #271
  • Mar 28, 2011 8:34am Mar 28, 2011 8:34am
Jade,

with you on long g/u. Got long @ 1.5980. From a S/R standpoint, it had to be done. Good trades to you....

Regards,
  • #272
  • Mar 28, 2011 9:06am Mar 28, 2011 9:06am
US Pending Home Sales was stronger than forecast. AU going down...

GU is going down too, looks like. Better cover.
Make your losses in demo. Earn your profits live.
  • #273
  • Mar 28, 2011 9:39am Mar 28, 2011 9:39am
Quoting Forexia
US Pending Home Sales was stronger than forecast. AU going down...

GU is going down too, looks like. Better cover.
Paitence. The market seems to be bent on a lower USD today. Likley will take more than a Pending Sales number to change its mind.

Regards
  • #274
  • Mar 28, 2011 9:42am Mar 28, 2011 9:42am
Quoting Forexia
US Pending Home Sales was stronger than forecast. AU going down...

GU is going down too, looks like. Better cover.
Rarely does news forcast the direction of a currency simple on it's current result.
  • #275
  • Mar 28, 2011 10:13am Mar 28, 2011 10:13am
took some AU on the dip to 262. Tight stoploss @ 20 pips, Tight TP @ 25 pips. This is not a normal trade for me, but scalping seems to be the order of the day.

Regards,
  • #276
  • Mar 28, 2011 11:51am Mar 28, 2011 11:51am
Quoting FX-Petra
took some AU on the dip to 262. Tight stoploss @ 20 pips, Tight TP @ 25 pips. This is not a normal trade for me, but scalping seems to be the order of the day.

Regards,

Out w/ the 25 pip profit. Waiting for another dip......

Regards,
  • #277
  • Mar 28, 2011 12:29pm Mar 28, 2011 12:29pm
Quoting Venice
Rarely does news forcast the direction of a currency simple on it's current result.
Hope I am wrong especially on such a surprise news data. Looks like nobody knows which direction to go. When AU goes up, US pairs like UJ and UC all go down. And now UJ seems to be going up a bit, AU is going down from its previous spike high.

Usually AU doesn't go back down after it just licked the bollinger band like that.
Make your losses in demo. Earn your profits live.
  • #278
  • Mar 28, 2011 12:42pm Mar 28, 2011 12:42pm
Quoting Forexia
Hope I am wrong especially on such a surprise news data. Looks like nobody knows which direction to go. When AU goes up, US pairs like UJ and UC all go down. And now UJ seems to be going up a bit, AU is going down from its previous spike high.

Usually AU doesn't go back down after it just licked the bollinger band like that.
What I usually see from the Aussie, on a news release. If it's good news, Aussie continues up. If it's bad news, knee-jerk reaction down then full recovery to continue making new highs.

This ol' girl doesn't know how to go down very well. It is getting a bit over extended though. We may get a nice fade trade on the daily going on here soon.

Interest rate is king here.
  • #279
  • Mar 28, 2011 2:25pm Mar 28, 2011 2:25pm
That seems to be it for today. Still see daily RSI divergence, so looking for a pull back. 1.0080 area would be nice.... below parity would be a gift-horse. 1.0200 is pretty strong resistance atm. Will probably try 1 lot long near there, if given the chance. No shorts on this pair right now.... at any price.

Regards,
  • #280
  • Mar 28, 2011 3:01pm Mar 28, 2011 3:01pm
AUDUSD going down down.. it's strange that there is no action in this thread in the last 40 mins, when the move started... strange. nobody trading it?
The Black Swan: The Impact of the Highly Improbable
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