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AUD/USD

  • #30,021
  • Jun 13, 2011 5:18pm Jun 13, 2011 5:18pm
Do u think ur right in entering shorts at tht level ? (Oh sorry uve closed it, ok then).

U see this Gold ? Being hammered again.. right into the box... but don't blame on me. Im not involve this time. Vampire and Dracula did it

Just that..maybe.. inflation season... ppl need money... thought they might just exchange it into AUD.

Forgot to mention... the China data of high impact is CPI. Current 5.3% / Consensus 5.5% . While their Retail Sales (MImpact) is 17.1% , Consensus 17.0% . I think Retail Sales is more important than CPI but they do it the other way round. Never mind abt tht. Just shoot wtever in the chart.
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  • #30,022
  • Jun 13, 2011 5:27pm Jun 13, 2011 5:27pm
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  • #30,023
  • Jun 13, 2011 6:15pm Jun 13, 2011 6:15pm
569 touched. Closed ! Maintain one locked TP @ BE +1.
  • #30,024
  • Edited 6:44pm Jun 13, 2011 6:29pm | Edited 6:44pm
Didn't I told u abt tht Aust Data ? NABB Confidence and NABB Conditions ... Previous was 7.0 and 5.0 respectively. No consensus. Suppose to be 3 more minutes but u see ? do u see how "they" moves ? Wt is now left are peanuts.

Don't jump ! .. Another 32minutes those data from China will be released.


Note : Aust Data Current Result are 6.0 and 1.0 respectively , Maybe tht's why AU down just now.
  • #30,025
  • Edited 7:15pm Jun 13, 2011 7:10pm | Edited 7:15pm
Most China's data are good esp the high impact. Except their R/Sales 17.1% --> 16.9%. Not much down. Usually if China data are good , AU fly to the moon. However , if u jump in, they will tear u apart... I will wait for a decent retracement then go for buy. that's the direction IMO.

Dnt follow it. Im always wrong. Yr acct is yr own responsibility. This is not a call.

Cheers.
  • #30,026
  • Jun 13, 2011 7:16pm Jun 13, 2011 7:16pm
I would think that there could be worries of another rate rise and that could scare some buyers off, we'll see how it pans out.

good long scalp though

Quoting VennD
Most China's data are good esp the high impact. Except their R/Sales 17.1% --> 16.9%. Not much down. Usually if China data are good , AU fly to the moon. However , if u jump in, they will tear u apart... I will wait for a decent retracement then go for buy. that's the direction IMO.

Dnt follow it. Im always wrong. Yr acct is yr own responsibility. This is not a call.

Cheers.
  • #30,027
  • Jun 13, 2011 7:18pm Jun 13, 2011 7:18pm
Quoting Mitchoss
I would think that there could be worries of another rate rise and that could scare some buyers off, we'll see how it pans out.

good long scalp though
yep ! as always.. ride the waves
  • #30,028
  • Jun 13, 2011 7:34pm Jun 13, 2011 7:34pm
Quoting VennD
Most China's data are good esp the high impact. Except their R/Sales 17.1% --> 16.9%. Not much down. Usually if China data are good , AU fly to the moon. However , if u jump in, they will tear u apart... I will wait for a decent retracement then go for buy. that's the direction IMO.

Dnt follow it. Im always wrong. Yr acct is yr own responsibility. This is not a call.

Cheers.
Sound advice VennD, caught a few up there and see 1.06 @ 50% Fibo from last move as pos. retrace and USD Index holding at resistence to pos. lower move and up we go here...I watch for now
  • #30,029
  • Jun 13, 2011 7:38pm Jun 13, 2011 7:38pm
you expecting a short term downtrend? with qe2 ending I would think the USDX will rally for a short while at the end of the month

Quoting VennD
yep ! as always.. ride the waves
  • #30,030
  • Jun 13, 2011 7:48pm Jun 13, 2011 7:48pm
China always play with 2 types of Interest Rate.

1) China Inflation Rate Rise = They will increase RRR (Reserve Requirement Ratio) = AU goes down.

2) If they increase the normal Interest Rate = AU goes up.

So... if ppl say China increase its Interest rate... check back carefully... u might miss the point and making a wrong trading decision.

3) China also likes to buy/sell in huge volume of currencies.

4) Sometimes they also defend a certain level of a pair. Other Central Banks also do it. That's why sometimes.. certain R&S cannot be touched. If u touch - REBOUNCE or ... if u push through , they will pull u back

Anyhow... its general knowledge / part of trading currencies.

P/S ! Careful on your journey to the moon... coz there're substantial buy order down below
  • #30,031
  • Jun 13, 2011 7:50pm Jun 13, 2011 7:50pm
Quoting Mitchoss
you expecting a short term downtrend? with qe2 ending I would think the USDX will rally for a short while at the end of the month
Am not good in predicting the future, my friend. Table can turn upside down anytime.
  • #30,032
  • Jun 13, 2011 8:03pm Jun 13, 2011 8:03pm
Short scalp @ 637
  • #30,033
  • Jun 13, 2011 8:05pm Jun 13, 2011 8:05pm
you still holding your shorts from your sell limits?

Mitch

Quoting VennD
Short scalp @ 637
  • #30,034
  • Jun 13, 2011 8:16pm Jun 13, 2011 8:16pm
Quoting VennD
Short scalp @ 637
Closed 99% . Locked TP @ BE+1 , bye bye sayonara

(am not gonna wait in this type of rocket)
  • #30,035
  • Jun 13, 2011 8:21pm Jun 13, 2011 8:21pm
Quoting Mitchoss
you still holding your shorts from your sell limits?

Mitch
Those two selllimits earlier has bn cancelled upon touching 569.
  • #30,036
  • Jun 13, 2011 8:38pm Jun 13, 2011 8:38pm
Quoting VennD
Closed 99% . Locked TP @ BE+1 , bye bye sayonara

(am not gonna wait in this type of rocket)
stop out at BE+1 and waitn fresh entry. Chillipiper, u went long ?
  • #30,037
  • Jun 13, 2011 8:58pm Jun 13, 2011 8:58pm
its look like long to me..
it has broken the 1st resistence @0630 and sustain..
well dont dare to go long just yet.. still waiting...
  • #30,038
  • Jun 13, 2011 9:19pm Jun 13, 2011 9:19pm
hmmm...but i guess 1,6 is the max wouldn't you guys think?
  • #30,039
  • Jun 13, 2011 9:57pm Jun 13, 2011 9:57pm
I'm curious to see what happens when london and US markets are online. Will the sell off that was only stopped due to the market closing on friday continue? Might be an interesting few hours coming up.

I for one am looking to short the AUDUSD before end of QE2. Not alot of positive data coming out of AUS in the past month, may weigh down on the AUD soon and give it a reason to drop if the USDX rallies.

Mitch

Quoting lucif
hmmm...but i guess 1,6 is the max wouldn't you guys think?
  • #30,040
  • Jun 13, 2011 11:50pm Jun 13, 2011 11:50pm
well then, i'm gonna try short if it reach 650, and targeting for 580..
in few more hours, several USD news are coming out, hopes good result
will try to learn more since still newcomer..hahahaaa
cheers...


Quoting Mitchoss
I'm curious to see what happens when london and US markets are online. Will the sell off that was only stopped due to the market closing on friday continue? Might be an interesting few hours coming up.

I for one am looking to short the AUDUSD before end of QE2. Not alot of positive data coming out of AUS in the past month, may weigh down on the AUD soon and give it a reason to drop if the USDX rallies.

Mitch
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