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AUD/USD

  • #31,061
  • Jul 19, 2011 2:46pm Jul 19, 2011 2:46pm
Quoting Fx93
It didn't make a higher high here on the 5m, if it can't soon the trend may be coming to an end on the 4hr and may reverse. I went short the lower high with a stop about BE.
OK.... I see that .... thanks ..
  • #31,062
  • Jul 19, 2011 2:50pm Jul 19, 2011 2:50pm
anyone looking to short aud/usd better short nzd/usd as these pairs follow each other and now the kiwi is at its highest.
  • #31,063
  • Jul 19, 2011 2:58pm Jul 19, 2011 2:58pm
It's kinda risky because there's been other lower highs on the 5m recently. But now that 4h is becoming overbought it makes the trade a bit better odds. Also the bigger the run up (200 pips here) the more likely of a reversal.

If I take countertrend trades I'll usually look for lower highs or higher lows and divergence in an indicator like stochastics or RMI.

There's no divergence here and I don't like how it's ranging lol, hopefully it'll break down.
  • #31,064
  • Jul 19, 2011 3:01pm Jul 19, 2011 3:01pm
Thanks, good suggestion pink.
  • #31,065
  • Jul 19, 2011 3:25pm Jul 19, 2011 3:25pm
There was divergence, but it's forming a bullish pennant on me...
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-07-19 at 4.23.25 PM.png Size: 80 KB
  • #31,066
  • Jul 19, 2011 3:31pm Jul 19, 2011 3:31pm
Quoting pinkiaiii
anyone looking to short aud/usd better short nzd/usd as these pairs follow each other and now the kiwi is at its highest.
..have u short it ? .... lemme see
  • #31,067
  • Jul 19, 2011 3:50pm Jul 19, 2011 3:50pm
There was a head and shoulders pattern there above too, but price would need to break the two shoulders lows for a reversal signal. Looks like it wants to remain bullish...

I cancelled my short and put on a small long when I saw the pennant.
  • #31,068
  • Jul 19, 2011 4:27pm Jul 19, 2011 4:27pm
Quoting Fx93
There was a head and shoulders pattern there above too, but price would need to break the two shoulders lows for a reversal signal. Looks like it wants to remain bullish...

I cancelled my short and put on a small long when I saw the pennant.

just advise bro

becarefull before you go long it is very high,
i am on short side just sold for 80-100 pips target 1.0650

just my few fundamental and few technical analysis,

All the best.
Don't compare your Trades with Others
  • #31,069
  • Jul 19, 2011 4:38pm Jul 19, 2011 4:38pm
Quoting VennD
Of course ..... no charts coz Im sleeping ...... I was long aud on them. (btw ..... may I see yr chart, pls ?)
I just got up and on the way to gold coast now. So sleepy now. How can u get up so early!
I m not using MT4. My charts hv nothing, not like MT4 can draw lines

I m waiting for aud dropping tooooo. Eur worse than aud
  • #31,070
  • Jul 19, 2011 5:42pm Jul 19, 2011 5:42pm
Quoting audangel
I just got up and on the way to gold coast now. So sleepy now. How can u get up so early!
I m not using MT4. My charts hv nothing, not like MT4 can draw lines

I m waiting for aud dropping tooooo. Eur worse than aud
hmmm..... thts ok if u can't show me yr chart.... meaning .... I have to share my chart with u , then

Regarding sleep .... maybe my brain can absorb oxygen faster than yours.. juz kidding..
  • #31,071
  • Jul 19, 2011 6:02pm Jul 19, 2011 6:02pm
attached :

1) USDIX 1h tf

2) USDIX 4h tf
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdix1h_01.gif Size: 29 KB
Click to Enlarge Name: usdix4h_05.gif Size: 56 KB
  • #31,072
  • Jul 19, 2011 6:33pm Jul 19, 2011 6:33pm
Quoting DubaiFX
becarefull before you go long it is very high,
i am on short side just sold for 80-100 pips target 1.0650
Not to worry it was quick on the 5m just buying into the oversold trend. Yep it's overbought but just made a new high on the 5m...

I do note trendline resistance on the 4hr of 1.0760, think I'll wait to see that. If it doesn't make it I'll wait for divergence or a lower high to go short.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-07-19 at 7.30.48 PM.png Size: 72 KB
  • #31,073
  • Jul 19, 2011 7:01pm Jul 19, 2011 7:01pm
Quoting VennD
hmmm..... thts ok if u can't show me yr chart.... meaning .... I have to share my chart with u , then

Regarding sleep .... maybe my brain can absorb oxygen faster than yours.. juz kidding..
Hey I m not willing to share. I m on the from Sydney to gold coast which tks 10 hrs driving. I m using iPad now can't post any charts
I like ur charts, very colorful
Wats ur strategy today?
  • #31,074
  • Jul 19, 2011 7:04pm Jul 19, 2011 7:04pm
Still seeing up and down bouncing around this channel... Shorting again around 1.0767 region could be good bet?
  • #31,075
  • Edited 7:20pm Jul 19, 2011 7:18pm | Edited 7:20pm
Quoting audangel
Hey I m not willing to share. I m on the from Sydney to gold coast which tks 10 hrs driving. I m using iPad now can't post any charts
I like ur charts, very colorful
Wats ur strategy today?
This AU ain't going anywhere .... just buy and sell , as usual .. if there're big guns .... most probably will give hints in thread.
  • #31,076
  • Jul 19, 2011 7:33pm Jul 19, 2011 7:33pm
Lol, please point me to the big guns giving hints in the threads, haven't seen any of that.
  • #31,077
  • Edited 7:53pm Jul 19, 2011 7:41pm | Edited 7:53pm
.... @ 741 , Locked BE +1

Aust May Westpac Leading Index (MoM) falls +0.2% ---> -0.1%

Aust Consumer Inflation Expectation / Previous 3.4% / Current ... 5 more minutes
  • #31,078
  • Jul 19, 2011 7:48pm Jul 19, 2011 7:48pm
Quoting VennD
.... @ 741
Same at 736, would have preferred to get in a bit higher, closer to resistance, but maybe this is as far as it will go. Maybe another entry up there if it gets there, but lets hope (hate to use that word but...) were on the way back down now or pretty soon...!
  • #31,079
  • Jul 19, 2011 7:56pm Jul 19, 2011 7:56pm
Quoting Jazznos
Same at 736, would have preferred to get in a bit higher, closer to resistance, but maybe this is as far as it will go. Maybe another entry up there if it gets there, but lets hope (hate to use that word but...) were on the way back down now or pretty soon...!
Probably so Jazznos ... just be prepared for surprises..
  • #31,080
  • Edited 8:14pm Jul 19, 2011 8:09pm | Edited 8:14pm
.. I think on Friday July 22, 2011 ( time tentative ) .... US will come out with its Mass Layoffs report / Previous was 1.59k workers .
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