AUD/USD

Magical call ! Finaly a break...Go GO GO BULLY!

Whats your reason for this :o I thought most people were still short on this pair (short term)

Looking at the momentum of the graph and all the usually indicators, seems we arn't ready for a 300pip rally as of yet.. I could be wrong, happens more often than not. lol

Mitch

on the same boat. i reasses my long yesterday and before the pair falls below 670 i put bids in it. let's see what tomorrow brings bulls are still on the charts, specially h4,d1,w1 and monthly chart and to be bear in this pair for too long is very irritating considering 4.75% AUD ocr against 0.25% USD rates

If there is ever a sign that rates have topped just ask the banks mortgage rates dept. Like a fly in a spiders web they lure in a sucker at any opportunity.
Australian banks don't handout money that easily- they know there are tough times ahead.

http://www.smh.com.au/business/fixed...706-1h1j8.html

Locked in some pips and TP@ 7335 qnd 7580....Got lucky short term..GL

missed that move, to me buyers/sellers have met and price is stalling...thinkn it will hit supply in 6hrs or so, maybe it will let me short

Revesal pattern forming 1hr usdx, so I closed and looking to pos. short here...

Interest rates probably on hold at least till December, economy (despite the happy la la from canberra) not showing the strength expected and risk rising in Europe, ongoing Greek melarkie, Portugal and Ireland agitating.

I have a short in from 10715 target 1062 (as there is blue sky below 1067).

Its putting up a fight is the Aussie, but USD finding strength.

If this doesnt render a result before Euro interest rates hit Ill pull out...as Thursday / Friday seem to be scary monsters for anything without a tight tight SL.

Asian trading session seems to love the Aussie, London always seems to go "what have you been doing with that for goodness sake"...US very centred around oil n metals at the mo.

.. still dizzy here.. hopes everybody makes lots of money... AU down.... but hvnt pass thru 630 which I predicted.... maybe will reach there later .... heard the news abt AU down coz of China hikes its RRR and also about China Govt's debt... will try to dig some more news.... juz shoot where the prices goes base on yr indis + knowhow..

Cheers

... Buyers are possible from this current dips by Asian Sovereigns ... and watch yr trades carefully.... I suspect all kinds of STOPS are every where.... esp above 730... Now lets lurking around and what can be done for the pockets..

I have my BE and some covered, see how its sitting prior to tomorrows employment figures, will tighten stops as that closes in. Add to that the current Asian trading session seems to be very unpredictable and heads off in the opposite direction to rhyme, rhythm and reason for 4-5 hours before Europe comes in and sez 'oi....what have ya been doing with that....here let me have it'.

Euro tanking today as is pound......risk off as PIGS wallow, china puts more breaks on and US lumbers about the worlds longest recovery that may just be the calm before the fall.

.... The thick green TL is the hardest to blow... (usually AU will rise a bit and use the right hand side to go more lower) will tell u why , technically and fundamentally , later... as of now we can buy & sell (scalps) as we like.. Nobody gonna fill-in our pockets but ourselves....

I was sleeping the whole day.. on and off woke up but can't trade... brain need sufficient oxygen to address this subject objectively..

There're some more TLs up there.. so... if Im buying now.. will close it upon touching them or few pips before and reverse entry.. depends also how strong are the TLs.. (will tell ya which TLs are strong and which one are weak)..

As of now .. Im only interested to fill-in my pockets.... Will come out with different hindsight on other tfs..later.. or u may suggest.

Cheers !

attached :

1) AU 5m tf

2) AU Daily

If it had wanted to fall... should have fallen earlier ....somewhere around 390 but.... why didn't it fall ? (Technically and fundamentally ?)..

.... hovering around the zip for several hours.... why ?

attached :

1) USDIX 1h tf

2) USDIX 4h tf

54.6 ---> 53.3

... Im not gonna close my long positions unless... PA kiss its BE..

I'm short from 1.0730, stop at 1.0708. There's a bit of an H&S happening on the 4H and 1H, not sure where to draw the neckline but 1.068 seems to be holding, if it breaks out the minimum downside objective is <1.0600..

... gonna make some more coffee... Cheers !

My short position @ 1.0788 is targeting 1.02 , long @ 1.0395 is targeting 1.1034 , how's that ? ... The rocket has started to fly to the moooon

Closed ! upon touching that panel...left 1 at the bottom @ 659 , locked BE+1.