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AUD/USD

  • #31,181
  • Jul 21, 2011 10:57am Jul 21, 2011 10:57am
Quoting VennD
... For your references ....
the lack of strenght is also confirmed by the fact that with equities positive, EUR and GBP have more positive net change than AUD

Rba is selling on any strenght, and they do it cause they know they will cut rates before year ends
  • #31,182
  • Jul 21, 2011 11:12am Jul 21, 2011 11:12am
.. for your references ..
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  • #31,183
  • Jul 21, 2011 2:03pm Jul 21, 2011 2:03pm
Quoting fammira
the lack of strenght is also confirmed by the fact that with equities positive, EUR and GBP have more positive net change than AUD

Rba is selling on any strenght, and they do it cause they know they will cut rates before year ends

The probability that AUD cuts rates after consecutive rises and a hold period is actually quite low judging from history. generally they hold and raise slowly after prolonged hold periods to test the economy and reaction to global market and exports before cutting.

plus judging from inflation expectations we are looking at more holding time with another rate rise by end year with another holding period before we will see any sort of cuts.. im thinking mid next year probably before there is a possible cut and even then we'll have to judge the global market place first
  • #31,184
  • Jul 21, 2011 3:33pm Jul 21, 2011 3:33pm
Quoting XTrade
WHY edit WERE you GUYS shorting?

Didn't you see the building consolidation with upside bias leading to potential breakout?
Good question. Ended in tears for me... A bit game to think that resistance would hold AGAIN. It did make a few decent southward moves which led me to think maybe i was right but alas no... or i blocked out contraindications mentally as you do when you dont wanna see em... grrrrrrrrrr
  • #31,185
  • Edited 5:19pm Jul 21, 2011 3:59pm | Edited 5:19pm
Close above 1.08 , we might be seeing 1.10 again ..... my plan is to add longs if we get back down some where around 799 , if it hold. Oil near $100.00 and Gold is still up there near 1.600.00 , I think that's a good sign to add longs on AU. Next Resistance 890.
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  • #31,186
  • Jul 21, 2011 4:08pm Jul 21, 2011 4:08pm
Quoting VennD
Close above 1.08 , we might be seeing 1.10 again ..... my plan is to add longs if we get back down to 799 , if it hold. Oil near $100.00 and Gold is still up there near 1.600.00 , I think that's a good sign to add longs on AU.
Did you lose your shorts yesterday bro or did you bail out in time???
  • #31,187
  • Edited 5:08pm Jul 21, 2011 4:42pm | Edited 5:08pm
Quoting Jazznos
Did you lose your shorts yesterday bro or did you bail out in time???
I make it as a habit to place BE+1 if any positions nearby PA, should it be blown , reenter at the correct price. IF they're not stop out, I will let it runs. U can see there ... longs 395 + 699 while short at 852. In between them , I'll scalps to pay for the interest on short and some pocket money.

U can also see from that EUR/USD chart, that Im still holding +1,045 pips. Many other pairs , also like that.
  • #31,188
  • Jul 21, 2011 5:17pm Jul 21, 2011 5:17pm
Quoting VennD

U can also see from that EUR/USD chart, that Im still holding +1,045 pips. Many other pairs , also like that.

Nice work indeed!
  • #31,189
  • Jul 21, 2011 5:41pm Jul 21, 2011 5:41pm
... 50mins from now ... Import and Export Price Index (QoQ) ..... both are minor data.
  • #31,190
  • Jul 21, 2011 5:54pm Jul 21, 2011 5:54pm
Very good getting in so high on that short BTW.. i think i was still asleep when it happened... doh... almost took one anyway but was too far from the high for a scalp... wonder how much it will drop... most pairs doing around the same thing. GBP looks like it may continue up for a bit so staying out for now...
  • #31,191
  • Jul 21, 2011 5:54pm Jul 21, 2011 5:54pm
... Current situation and positions right now.
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  • #31,192
  • Jul 21, 2011 6:05pm Jul 21, 2011 6:05pm
Quoting VennD
.. for your references ..
Morning

Thanks for all the charts and advices

I am still holding long of aud @ 57 and 61. But also shorts @77,78,79 and 80...

I hope au news at 11:30 can make aud dropping, so i can close my shorts and buy bk

EUR i dont have any long, only short at42,431 and 438

Thanks again for all your work
  • #31,193
  • Edited 8:22pm Jul 21, 2011 6:25pm | Edited 8:22pm
Quoting Jazznos
Very good getting in so high on that short BTW.. i think i was still asleep when it happened... doh... almost took one anyway but was too far from the high for a scalp... wonder how much it will drop... most pairs doing around the same thing. GBP looks like it may continue up for a bit so staying out for now...
If it is an up retracement, GU will usually visit that area between fib 72% - 88.6%.
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  • #31,194
  • Jul 21, 2011 6:30pm Jul 21, 2011 6:30pm
Quoting audangel
Morning

Thanks for all the charts and advices

I am still holding long of aud @ 57 and 61. But also shorts @77,78,79 and 80...

I hope au news at 11:30 can make aud dropping, so i can close my shorts and buy bk

EUR i dont have any long, only short at42,431 and 438

Thanks again for all your work
Pay me 10 cents ! ... just kidding ... ok , focus back on trades.
  • #31,195
  • Edited 8:06pm Jul 21, 2011 7:02pm | Edited 8:06pm
Not much will affect AU .. Export increase and Import decrease for Australia. New Zealand might be affected from it coz 20% of trades are between them.

Australia's ...

1) Import = +1.4% ---> +0.8%

2) Export = +5.2% ---> +6.0%

Probably AUD/USD ups / PA maintain up there , while .... NZD/USD down a bit.

attached : NZD/USD 1h tf & AUD/NZD 5m tf.
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  • #31,196
  • Jul 21, 2011 7:41pm Jul 21, 2011 7:41pm
... usually stop loss hunting today ... place yr stoploss far away from Daily Pivot.
  • #31,197
  • Edited 9:20pm Jul 21, 2011 8:36pm | Edited 9:20pm
AUDUSD broke off the trading range between 1.0525 and 1.0798, and reached as high as 1.0856, suggesting that the sideways move has completed and the uptrend from 1.0390 has resumed. Further rise towards 1.1011 previous high could be seen in a couple of days. Support is now at 1.0790, as long as this level holds, uptrend will continue.
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  • #31,198
  • Jul 21, 2011 10:38pm Jul 21, 2011 10:38pm
Just to remind again .... that report is due today ... time tentative ... Previous 1.59K ... If decrease ... maybe ... I will sell AU , otherwise .... add in longs at a better price available...
  • #31,199
  • Jul 21, 2011 10:50pm Jul 21, 2011 10:50pm
Quoting VennD
Just to remind again .... that report is due today ... time tentative ... Previous 1.59K ... If decrease ... maybe ... I will sell AU , otherwise .... add in longs at a better price available...

Wat is tat 1.59k? I couldnt find ???

Tks
  • #31,200
  • Jul 21, 2011 10:51pm Jul 21, 2011 10:51pm
big resitance level taken out
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Don't have an ego. Always question yourself and your ability.
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