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AUD/USD

  • #30,801
  • Jul 7, 2011 4:16pm Jul 7, 2011 4:16pm
Quoting pinkiaiii
gonna share my simple chart,the top yellow line is strong resistance,a clean break would suggest that aud wont go down easy,otherwise its a good point to choose a side and enter a trade with minimum risk
ya... tht's right...and yr SMA14 seems act like a good support for further upmoves... if i see that right.... maybe we should see some more rockets @ 1215 GMT and 1600 GMT...
  • #30,802
  • Jul 7, 2011 4:21pm Jul 7, 2011 4:21pm
The SMA is on default setting :] ,as i see it ,its close to the point to choose a direction,and if bears come i think we gonna have to see some wicks first,as i dont see bull giving up so easy near this top.
  • #30,803
  • Jul 7, 2011 4:30pm Jul 7, 2011 4:30pm
My nanny wins.. 800 doesn't touch by NY Closed... dealer become poor..retailer become rich

.. i think she will be ordering some more planes from Boeing soon.. Airbus is expensive right now... Next time.. I can do forexing inside the aeroplane... but it won't be flying.. just park at the airport
  • #30,804
  • Jul 7, 2011 4:42pm Jul 7, 2011 4:42pm
Quoting VennD
My nanny wins.. 800 doesn't touch by NY Closed... dealer become poor..retailer become rich
So whats your point ? and why 800?
  • #30,805
  • Jul 7, 2011 4:58pm Jul 7, 2011 4:58pm
.
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  • #30,806
  • Jul 7, 2011 5:04pm Jul 7, 2011 5:04pm
AUD/USD @1.0770
Market supported from yesterdays employment data
AUD has gained on the crosses as well as the market ratchets higher.
Some reports of stops above 1.08 however 1.0780-00 has been the selling zone.
Feel they may test upside as the downside remained solid overnight.

Still haven't change my strategy of staggered selling with a buy back and resell remaining short overall.
The contrarian at heart ;-)

Good weekend
  • #30,807
  • Edited 5:10pm Jul 7, 2011 5:09pm | Edited 5:10pm
Quoting pinkiaiii
So whats your point ? and why 800?
aahh.... forget about it ....... had expired..... Now.... new chapter begins...
  • #30,808
  • Jul 7, 2011 5:13pm Jul 7, 2011 5:13pm
Quoting VennD
aahh.... forget about it ..


Im still jumping from one pair to another,before tried trading eur/usd and it is sort of easier to make analysis on it,and know what news move it.And tried to compare aud charts to eur charts and its a day and night thing.
  • #30,809
  • Jul 7, 2011 5:40pm Jul 7, 2011 5:40pm
Quoting pinkiaiii


Im still jumping from one pair to another,before tried trading eur/usd and it is sort of easier to make analysis on it,and know what news move it.And tried to compare aud charts to eur charts and its a day and night thing.
... yea.. probably u should stick to AU ... or AUD related pairs.... it's amusing
  • #30,810
  • Jul 7, 2011 5:41pm Jul 7, 2011 5:41pm
I'm still playing the bull side and lookign to buy if price reaches the lower confluence
Attached Image (click to enlarge)
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Don't have an ego. Always question yourself and your ability.
  • #30,811
  • Jul 7, 2011 5:49pm Jul 7, 2011 5:49pm
Quoting pinkiaiii


Im still jumping from one pair to another,before tried trading eur/usd and it is sort of easier to make analysis on it,and know what news move it.And tried to compare aud charts to eur charts and its a day and night thing.
I find EUR the easiest to trade by far. It moves quite smoothly, is not psychotic and volatile like cable is, and respects pivots, fibs and S/R levels consistently, and also has a lovely habit of hitting the profit targets that my fibs show.

AUD can be good, but is a lot slower and getting to targets, and faffs around a bit on the way there. You can have days and days of no good opportunities whereas EUR is almost always seeing some action.

And Im an Aussie, so Im being very unpatriotic here! I watch all 3 but trade EUR the most.
  • #30,812
  • Jul 7, 2011 5:55pm Jul 7, 2011 5:55pm
AUDUSD Made Simple:

H4 - yesterday price was worked up to S&R again. Big money was manipulating the price high....closing longs and scouring for new shorts ahead of USD high impact releases lated today.

Daily - See how significant this level is. It is an ideal place to start a drive down. The run up yesterday simply means more profits when the drive down starts.
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  • #30,813
  • Jul 7, 2011 5:55pm Jul 7, 2011 5:55pm
Quoting RamsesII
I'm still playing the bull side and lookign to buy if price reaches the lower confluence
There u are... I know ur one of the guys who are good in this... bn lurking around 4u ystrday... Hvnt seen Magix too....wts tht indi ? macd ?.. hmmm ... ...think.... I should buy a new glass..
  • #30,814
  • Jul 7, 2011 6:19pm Jul 7, 2011 6:19pm
Four Fridays ago usdx shot up like a rocket right about now!
  • #30,815
  • Jul 7, 2011 6:42pm Jul 7, 2011 6:42pm
went long on au, 107638, 108883 target
Attached Image (click to enlarge)
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  • #30,816
  • Edited 7:06pm Jul 7, 2011 6:58pm | Edited 7:06pm
... @ 761... ( 747 shld be better)..
  • #30,817
  • Jul 7, 2011 7:52pm Jul 7, 2011 7:52pm
Quoting Chillypiper
Four Fridays ago usdx shot up like a rocket right about now!
Maybe no money... can't fly anymore..
  • #30,818
  • Edited 8:28pm Jul 7, 2011 8:13pm | Edited 8:28pm
..atm.. the consensus / projection for US Non Farm payroll is greatly increase and also ....actual figures on China Q2 Business Confidence Index dips from Q1..

... Got to watch your longs...and .... once u see how PA reacted ... direction is clear ...after the released... make your moves accordingly..
  • #30,819
  • Jul 7, 2011 8:24pm Jul 7, 2011 8:24pm
Quoting pinkiaiii


Im still jumping from one pair to another,before tried trading eur/usd and it is sort of easier to make analysis on it,and know what news move it.And tried to compare aud charts to eur charts and its a day and night thing.
Actually, Aussie is not offering such opportunities like euro, that's right. Before that, gbp/jpy was the most volatile. Market took care for The yen and pound for a long time before 2009 Lehman collapse. These last month and after some "equilibrium" on The yen, just after The big crash and Its retrace (remember The effet of The earthquake) market comes to euro and It begin for some days to be more more volatile than cable, which is unusual! Let The market find some "equilibrium" also for euro and then it will take care very well of AUD. All in, there is no economy like a heaven in this world, even if It is called australia with high interest rate and gold product. We could hear anything, like for example what we hear very often nowadays from notation agency, playing the teachers in front of many european countries and they forgot that they had AAA to Lehman brothers 24 hours before bankrupcy. When they Will not find what to do, they Will attack yuan and Aussie, but before that, you CAN play as many pairs as you want at The same time because No spécial attachment has to exist between trader and pair.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #30,820
  • Jul 7, 2011 9:05pm Jul 7, 2011 9:05pm
Quoting Alki
......forgot that they had AAA to Lehman brothers 24 hours before bankrupcy. When they Will not find what to do, they Will attack yuan and Aussie, but before that, you CAN play as many pairs as you want at The same time because No spécial attachment has to exist between trader and pair.
.... such rating agency has started to attack yuan.... recent news EU leaders declare war to such types of rating agencies... they are paid to do that..imo.. u also can do such ratings... but nobody gonna pay u ..
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