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AUDUSD for informed traders

  • #481
  • Apr 11, 2011 7:51pm Apr 11, 2011 7:51pm
Quoting FX-Petra
Since this is going to be my last trade on this pair until we get a good retrace, I added 1 more short @ 0545 for a total of 3 lots. Moving all stops to 1.0625, targeting TP near the old high of 0260. The up move is probably not over, but the RR is good on this trade. If it hits, family vacation will be upgraded from Disneyland to Paris!!!

Regards,

ps-- if it misses, downgrade vaction to Florida panhandle.... but that still a pretty good spot!!
closed 1 lot @ 0460. Last 2 lots moved to BE +10 @ 0532. Ah, Paris in the late spring! We'll see what happens....

regards,
  • #482
  • Apr 11, 2011 8:25pm Apr 11, 2011 8:25pm
Thanks again Meshach. I bailed out before any damage done. So now I am going to short AUD/JPY, EUR/JPY, and GBP/JPY.
As Marie Antonete once said when told the people were longing for bread,
"Let them eat shortcake!" http://www.forexfactory.com/images/icons/icon7.gif
  • #483
  • Apr 12, 2011 12:25am Apr 12, 2011 12:25am
Possible will going down further
Attached Image (click to enlarge)
Click to Enlarge Name: Aususd.png Size: 37 KB
  • #484
  • Edited 4:01am Apr 12, 2011 12:47am | Edited 4:01am
1 hour Trading -
entry @ 0419 TP @ 0480
Closed @ 0440 (+21 pips) - reason - down trend detected.

Aussie break down to the 1.0390 support further extends losses below it.
Since then - recover to 1.044 and trading @ 1.0419 ~ 1.0430 range now.

The next immediate support comes at 1.0470, so accelerations below should trigger the slide.
  • #485
  • Apr 12, 2011 12:53am Apr 12, 2011 12:53am
Quoting evelee8
1 hour Trading -
entry @ 0419 TP @ 0480
Closed @ 0440 (+21 pips) - reason - down trend detected.

Aussie break down to the 1.0390 support further extends losses below it.
Since then - recover to 1.044 and trading @ 1.0419 ~ 1.00430 range now.

The next immediate support comes at 1.0470, so accelerations below should trigger the slide.
I think the AUD/USD is being sucked into AUD/JPY vortex.
Where USD/JPY treads the cross follows..
  • #486
  • Apr 12, 2011 1:25am Apr 12, 2011 1:25am
Hi all,
first I would like to apologize for not being able to continue with the analysis yesterday. I had some very urgent things that required attention outside of trading so I had to leave. This one thing I know, "excuses demean a man". I accept the blame for whatever went wrong with anyone's account yesterday on the basis of my analysis. I'm sincerely sorry.

It's a new day, lets leave the losses of the previous day behind. There still would be lots of great money making opportunities for us this week. That being said let's get down to the business of the day.

The AUDUSD is presently oversold FOR THE NEXT 24hours - price is outside the lower band of my 24-period bollinger band.
Price also hit a support a 1.0390 and rebounded slicing through the next PRZ @ 1.0417.
We've seen a degree 2 swing low form and I suggest long at this point.
Buy @ 1.0428 SL 1.0369 (twenty pips below the swing low) TP1 1.0471 TP2 1.0495 TP3 1.0520

Find chart attached.
Happy trading!
Meshach.
Attached Image (click to enlarge)
Click to Enlarge Name: 12_04_2011.gif Size: 23 KB
  • #487
  • Apr 12, 2011 2:27am Apr 12, 2011 2:27am
Quoting forexcompoun
Hi all,
first I would like to apologize for not being able to continue with the analysis yesterday. I had some very urgent things that required attention outside of trading so I had to leave. This one thing I know, "excuses demean a man". I accept the blame for whatever went wrong with anyone's account yesterday on the basis of my analysis. I'm sincerely sorry.

It's a new day, lets leave the losses of the previous day behind. There still would be lots of great money making opportunities for us this week. That being said let's get down to the...
no worries mate, we should not dwell on past losses. thanks again for today's analysis!
  • #488
  • Apr 12, 2011 3:52am Apr 12, 2011 3:52am
Hi all,
please lets exit the long. Price is retesting the previously broken 1hr trend line. We might head towards 1.0417 support again but please don't trade the short. Rather buy at 1.0420
Find chart attached.
Happy trading!
Meshach
Attached Image (click to enlarge)
Click to Enlarge Name: trt.gif Size: 23 KB
  • #489
  • Apr 12, 2011 4:03am Apr 12, 2011 4:03am
Quoting lasty
I think the AUD/USD is being sucked into AUD/JPY vortex.
Where USD/JPY treads the cross follows..
There are always correlation between these pairs..

Another entry @ 1.0423 - TP @ 1.0510.
  • #490
  • Apr 12, 2011 4:05am Apr 12, 2011 4:05am
Hi all,
please lets exit the long. Price is retesting the previously broken 1hr trend line. We might head towards 1.0417 support again but please don't trade the short. Rather buy at 1.0420
Find chart attached.
Happy trading!
Meshach
Attached Image (click to enlarge)
Click to Enlarge Name: trt.gif Size: 23 KB
  • #491
  • Edited 5:18am Apr 12, 2011 5:07am | Edited 5:18am
Okay guys, time to sell AUDUSD. We have seen the proper trend line re-test.
Sell @ 1.0500 (sell limit) TP 1.0420 SL 1.0555
See chart attached.
Meshach
Attached Image (click to enlarge)
Click to Enlarge Name: sell_limit.gif Size: 24 KB
  • #492
  • Apr 12, 2011 5:18am Apr 12, 2011 5:18am
Quoting forexcompoun
Okay guys, time to sell AUDUSD now. We have seen the proper trend line re-test.
Sell @ 1.0500 (sell limit) TP 1.0420 SL 1.0555
See chart attached.
Meshach
Hi there,
Ideally I would like it close slightly higher at may be 1.0510 and produce a nice bearish PA to short this pair. The bullish PA on it puts me off selling right now. And I am not into touch trades. Also the last 4H bar looks pretty bullish to me. Lets wait and see.
  • #493
  • Apr 12, 2011 5:39am Apr 12, 2011 5:39am
Quoting cammomile
Hi there,
Ideally I would like it close slightly higher at may be 1.0510 and produce a nice bearish PA to short this pair. The bullish PA on it puts me off selling right now. And I am not into touch trades. Also the last 4H bar looks pretty bullish to me. Lets wait and see.
Hi,
1.0510 is the EXACT spot to have sold from but shouldn't we leave something for our brokers? That's what the 5-10pips is for. WINK WINK
Meshach.
  • #494
  • Apr 12, 2011 12:25pm Apr 12, 2011 12:25pm
Quoting forexcompoun
Hi,
1.0510 is the EXACT spot to have sold from but shouldn't we leave something for our brokers? That's what the 5-10pips is for. WINK WINK
Meshach.
  • #495
  • Apr 12, 2011 1:50pm Apr 12, 2011 1:50pm
My guess:

1st. up to ~1.0505
2nd. down to retest ~1.0380
3rd. up to ~1.06

Let's see...
Use me as a contrarian indicator
  • #496
  • Apr 12, 2011 2:14pm Apr 12, 2011 2:14pm
My guess:
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 4-12-11.PNG Size: 29 KB
  • #497
  • Apr 12, 2011 3:22pm Apr 12, 2011 3:22pm
Possible H&S at 1H...

Theorical target: ~1.0220
Use me as a contrarian indicator
  • #498
  • Apr 12, 2011 4:01pm Apr 12, 2011 4:01pm
Quoting mrbandwidth
Possible H&S at 1H...

Theorical target: ~1.0220
I see it bro. I see it. Stoch is oversold on the hourly though
If you think you can or cannot do it you are correct
  • #499
  • Apr 12, 2011 4:09pm Apr 12, 2011 4:09pm
I'd love to see a nice bullish PA between 1.0395 and 1.0415 areas.
  • #500
  • Apr 12, 2011 5:14pm Apr 12, 2011 5:14pm
Quoting Pipstrumpf
One of my favorite indicator is to do the opposite when evreybody thinks that the AUD is going to the moon without looking back. That backed up by the taxi driver, newspapers and the school kids.

So lets the week begin!

Cheers
As suspected the TD indi worked in the interim.

Attached Image (click to enlarge)
Click to Enlarge Name: aud usd daily.gif Size: 24 KB


Looking at levels as indicated to see if the interest still there to bid.

Cheers
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