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AUD/USD

  • #30,161
  • Jun 15, 2011 4:55pm Jun 15, 2011 4:55pm
Quoting tradoholic
Closed off all my shorts now. 180 pips. I think we will have a bounce back up but trend will be downwards.
Good luck all
I'm still short and will stay short for a while!
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 81 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #30,162
  • Jun 15, 2011 5:15pm Jun 15, 2011 5:15pm
Quoting MarcVUM
I'm still short and will stay short for a while!
Sounds good to me. I'm still holding one position also. SL @ 1.0610,
90 pipers locked in but, a bit scared of holding.... Good luck sir !

Any advice? Is there any up coming event in the near future, aside from the normal that may be to watch for ? I wounder and will check it out too.

Thanks!
  • #30,163
  • Jun 15, 2011 6:25pm Jun 15, 2011 6:25pm
OK Guys, look at the audusd H1 chart and the price action, then you make the decision. Which way will it go?

Attached Image (click to enlarge)
Click to Enlarge Name: 16-6-11-audusd-H1.gif Size: 35 KB
  • #30,164
  • Jun 15, 2011 6:45pm Jun 15, 2011 6:45pm
Quoting Peter-FX
OK Guys, look at the audusd H1 chart and the price action, then you make the decision. Which way will it go?
I havent done a huge amount of analysis on this yet but we are coming up from a bounce and i have 1.0570 area as a strong s/r point that has been hit a LOT over the past weeks/months even... were trading above it, so we could be going long from here but...??
  • #30,165
  • Jun 15, 2011 6:46pm Jun 15, 2011 6:46pm
Quoting Peter-FX
OK Guys, look at the audusd H1 chart and the price action, then you make the decision. Which way will it go?
She's smacking that resistance pretty good and will probably make a fake breakout northbound before sliding south!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #30,166
  • Jun 15, 2011 7:29pm Jun 15, 2011 7:29pm
Quoting MarcVUM
She's smacking that resistance pretty good and will probably make a fake breakout northbound before sliding south!

Well picked Marc,
You’ve got to have a fake breakout somewhere, and I think you’re right with northbound fake. However, you can never guarantee it with the price action lately. So guys watch the price action and learn to read it.

And of course you can always scalp on the M15 while you’re looking for the larger moves.

And Jazznos. I’m glad you’re stopping and thinking.

Safe trading
  • #30,167
  • Jun 15, 2011 7:47pm Jun 15, 2011 7:47pm
Quoting MarcVUM
She's smacking that resistance pretty good and will probably make a fake breakout northbound before sliding south!
I am back in again from 1.0580.
Attached Image (click to enlarge)
Click to Enlarge Name: aushortagain.gif Size: 17 KB
Find a job that you love and you dont have to work again in your life.
  • #30,168
  • Jun 15, 2011 7:58pm Jun 15, 2011 7:58pm
Quoting tradoholic
I am back in again from 1.0580.

Good move, tradoholic.

  • #30,169
  • Jun 15, 2011 8:47pm Jun 15, 2011 8:47pm
More bad data from Australia.
How much will it take to sink through to the market all is not well downunder?
Its time for the Aussie to play catch up.
We could be in for a dynamic shift south. 1.0425 first stop and if decisively broken 1.01-1.02.
Their is a bear in air and the US dollar bulls are no longer fools..
  • #30,170
  • Edited 9:11pm Jun 15, 2011 8:47pm | Edited 9:11pm
Okay... Unemployment report in 11hrs ( last wk bad ) I think this one will be positive and gives strength to usd, usdindex in a bull flag ( 10min ) and see it going to 1.0465 next. So I'm hangen short too...Furthermore, we have a breach of the LTL Daily....
  • #30,171
  • Jun 15, 2011 8:55pm Jun 15, 2011 8:55pm
Quoting Chillypiper
Okay... Unemployment report in 11hrs ( last wk bad ) I think this one will be positive and gives strength to usd, usdindex in a bull flag ( 10min ) and see it going to 1.0465 next. So I'm hangen short too...
Nice one Chilly..

Ski season is open for a downhill ride ;-)
  • #30,172
  • Jun 15, 2011 9:06pm Jun 15, 2011 9:06pm
Quoting lasty
Nice one Chilly..

Ski season is open for a downhill ride ;-)
Thank you sir, Let's see I've never carried a trade for this long..( I'm still learning..always ) but, have great entry though......One thing I know is the market can change at a drop of a hat!

Cheers!
  • #30,173
  • Jun 15, 2011 9:18pm Jun 15, 2011 9:18pm
Quoting lasty
More bad data from Australia.
How much will it take to sink through to the market all is not well downunder?
Its time for the Aussie to play catch up.
We could be in for a dynamic shift south. 1.0425 first stop and if decisively broken 1.01-1.02.
Their is a bear in air and the US dollar bulls are no longer fools..
I dont think we should get carried away yet. This baby could turn around at the end of the week. Market is full of surprises and doesnt always move rationally. One thing that the AU dollar has, is the interest rate difference and stability of the govt. That's why many would like to park their money in AU and get the interest. So, so far as AUD is concerned, I dont usually go short over the weekend or for extended period of time as carry trade and swap costs chew into the profit.
So what I do, is ride the waves whenever I spot one. I will be getting out of my trades by friday lunch time (NY).
Good luck all.
Find a job that you love and you dont have to work again in your life.
  • #30,174
  • Jun 15, 2011 9:36pm Jun 15, 2011 9:36pm
Quoting lasty
More bad data from Australia.
How much will it take to sink through to the market all is not well downunder?
Its time for the Aussie to play catch up.
We could be in for a dynamic shift south. 1.0425 first stop and if decisively broken 1.01-1.02.
Their is a bear in air and the US dollar bulls are no longer fools..
maybe all is not well, but compared to Europe and USA, it looks pretty damn good. The question is, when will rba raise rates? There seems to be no talk of a cut. QE3 by fed is not off the table. I would be very careful about holding long term shorts on this pair. Equities tanked today--- and yes, AU also fell.... but reluctantly. This pair doesen't need much of a reason to start one of those jaw dropping upward runs that leaves everyone shorting in disbelief and having their asses handed to them. Until something happens to change the perception on rates in a meaningful way....shorting this pair for anything other than a scalp is vey, very dangerous.

regards,
  • #30,175
  • Jun 15, 2011 9:47pm Jun 15, 2011 9:47pm
so its better to go long rather than short??
  • #30,176
  • Jun 15, 2011 10:13pm Jun 15, 2011 10:13pm
i'm short on aud/usd since this morning. i'm up +88 pips . i will reinforce the trade tonight...
short aud/usd again at 1.0616, with nice risk-to-reward

follow my journal
http://www.forexfactory.com/showthre...31#post4696231
  • #30,177
  • Jun 15, 2011 10:25pm Jun 15, 2011 10:25pm
y'all sell, i'll buy, y'all buy, i'll sell.
  • #30,178
  • Jun 15, 2011 11:26pm Jun 15, 2011 11:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd daily.gif Size: 161 KB


The more bad news come out of Europe the more the AUD will go down as the Australian news are only a short term driver.
After Glen Stevens statement there was no demand for the AUD. In fact somebody was actively selling into the RBA speech and then we had the Euro clowns coming out with their daily speeches with no clear solution and there we go. Markets hates uncertainty that simple.

Cheers
  • #30,179
  • Jun 16, 2011 1:18am Jun 16, 2011 1:18am
Definitely targeting 1.4040

Will see it soon
  • #30,180
  • Jun 16, 2011 3:38am Jun 16, 2011 3:38am
Quoting slovforex
Definitely targeting 1.4040

Will see it soon
1.4 ????
Use me as a contrarian indicator
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