AUDUSD for informed traders

Well, so much for knee-jerking.

long @ 250

This daily bar might be of interest to aussie traders. Quite the daily doji forming here. I'm not interested in shorting the aud/usd but I've got aud/nzd shorts...

Im quite interested to see how this doji's gona play off, it might end up as a nice pullback from last week's AUD/USD rise, probably half way atleast before continue up trend??

Well atleast thats gona give us another nice entry to long AUDUSD

Just realised the forum title has changed and thought i came to a wrong forum.
=P

TP my short 1.0283 @ 1.0235 , +48 pips.
balance it back with another lose at yesterday peak SL @ 1.033. ==

There is another commodity pair to play with if you are interested (still on low range trade). =D.

Updates
All technical indicator except STOCH show strong Selling trend.
Across the graph - multiple Doji pattern has confirmed.

Guess I have to stop posting in the other thread or risk being labelled as the uninformed

Added to AU shorts and EUR/AUD, GBPAUD longs here

will bring stops down to cover soon.... US has consumer confidence coming up later today (expected negative) + end of the month approaching and end of quarter, may just be some good ol' profit taking on the cards

IS THERE A BIG CUP IN 5MIN?

Price seems to have found support at H4 20EMA. It may rally for a retest of 1.03 before retracement kicks in.

Test the Market:
L @ .02559.
TP .029

Some sovereign cap' the pair @ 1.0258.
Added: Pay attention to eur/aud - toppin to the 1.3793. (co-relation) - aud dip to 1.0247.
Good luck to all traders.

Hello All,

Stumbled across this thread by chance, and liked the introduction by Jade Gate for a civilized exchange of views.

I am a Guppy profile and Fibonacci fan - as is evident in the charts that I submit - and can normally be found over on Stocky Monk's thread. There the discussion is mostly Cable, Geppy and EU.

Anyway, my Guppy profiles for the Aussie would suggest that longer-term trends are north, but the Aussie has seemed to have hit a roadblock at parity, and I'm not sure what funnies are keeping there.

If I scroll through the time frames, I would argue that a retrace is expected back to say at least parity, perhaps a touch more. Today's current 1hr is hinting at a drop south through the Guppy profile, which would seem to lend momentum for a drive back down to the FE 61.8 at 1.01701.

As I am distracted with preparation for the news for the UK in about half an hour, this post is a little light on comment, and I have not included any comment on the charts. Will try to come around here more often, and with less haste, in order to have a fuller discussion and to place comment upon submitted charts.

Hope all have a good day.

Looks like a retest of 3900,don't know
why but that looks like the play.

The fib picture... price retraced to the 50 fib (and resistance) during Asia/early London. Shorts were added on this fib.

2 gravestone doji's on the 4h now, and we are presently doing lower highs, lower lows (the hallmark of bears in charge).

Meanwhile, on the cross 4H chart, we can see the effect of convergence of the 200 ema (gorilla or trampoline) and the 21 ema. This should prove a formidable hurdle, but if it does manage to clear it, price should hike north at pace (as the trampoline kicks in), while AU feels the effect in strong bear traffic.

The other potential scenario is that price will just consolidate here for a time ahead of the next push.

Hi Guys.
My name is Michael. I have a keen interest in this pair.
I don't use any indicators. I only watch PA and R/S.
I'll admit it hasn't worked out quite yet. I've been demotrading for year and a half now. Only started making small bets from a live account just recently. No riches so far.

I have a pet theory that when a currency hits historic highs, it will either punch right through it or retrace (duh.. mr. Obvious) But I tend to favor the retrace direction. I'm going to take a bet on a retrace from 1.03.

Sorry for the non-information. I just wanted to introduce myself and throw my two cents in

long triggered last night @ 220. Out all day and just came back to see tp hit @ 290. Not seeing the imputus right now for new highs, but staying away from shorts. Don't want to be caught saying 'i can't belive this keeps going up' as many have been having to say lately! Looking for another dip to buy....

Regards,

TP @ 1.029.
Well ~ It is a Good test to current volatile market.

One Shorting test @ 1.0265. SL @ 1.0325. TP @ 1.0230.
[Edited] - SL reached. I am out... ==

Good luck to all traders...

AUDUSD seems to be defying gravity yet again, it continues searching for new highs while EURUSD and GBPUSD are both drifting lower...

out of all longs @330
Will be looking for short opportunities, but only on fast TF's with limited risk, none of that holding against and managing the risk.