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AUD/USD

  • #32,061
  • Aug 8, 2011 12:07pm Aug 8, 2011 12:07pm
anyways, the Aussie is the weakest currency atm followed by NZD and CAD. So I'm not going to go fishing in the AU.
Trade what you see, not what you think!
  • #32,062
  • Aug 8, 2011 1:03pm Aug 8, 2011 1:03pm
nothing to get excited here. Clearly bearish sideways consolidations under ema.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 69 KB
Trade what you see, not what you think!
  • #32,063
  • Aug 8, 2011 2:20pm Aug 8, 2011 2:20pm
1.0210
Use me as a contrarian indicator
  • #32,064
  • Aug 8, 2011 2:36pm Aug 8, 2011 2:36pm
Dow 30, our AUD best buddy...
Attached Image
  • #32,065
  • Aug 8, 2011 3:16pm Aug 8, 2011 3:16pm
Quoting Tatbat
If I may add my opinion also...

you are right about to be careful ...
what I see on the weekly chart I posted is that the lower TL is still waiting for itīs fourth touch - and if/when the fourth touch of a trendline takes place it is usually followed by the break of the trendline.
fourth touch and break of the weekly trendline
  • #32,066
  • Aug 8, 2011 3:35pm Aug 8, 2011 3:35pm
Just entered long AUD at 1.0192.

Who knows...
Attached Image
  • #32,067
  • Aug 8, 2011 3:42pm Aug 8, 2011 3:42pm
Wish u the best of luck!!!



Quoting mOmOgi
Just entered long AUD at 1.0192.

Who knows...
Trade what you see, not what you think!
  • #32,068
  • Aug 8, 2011 3:48pm Aug 8, 2011 3:48pm
Quoting OMGtrader
Wish u the best of luck!!!
Thanks...
It's gonna be WOW or OUCH transaction.
  • #32,069
  • Aug 8, 2011 3:57pm Aug 8, 2011 3:57pm
Quoting mOmOgi
Just entered long AUD at 1.0192.

Who knows...
Nice Trade! This should pay off for you as long as you don't have too tight of a S/L in place and you can hold for a little while.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 101 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #32,070
  • Aug 8, 2011 4:03pm Aug 8, 2011 4:03pm
Quoting MarcVUM
Nice Trade! This should pay off for you as long as you don't have too tight of a S/L in place and you can hold for a little while.
Thanks for the advice Sir. Hope you're right.
I have another long still waiting at 1.0132, just in case.
  • #32,071
  • Aug 8, 2011 4:15pm Aug 8, 2011 4:15pm
just a thought on the DOW. this benchmark will most likely influence ore be influenced by the carry trade pairs like the aud/usd. anyway here's the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: dija-daily-sell.gif Size: 33 KB
  • #32,072
  • Aug 8, 2011 4:39pm Aug 8, 2011 4:39pm
Posted on July 7th and 8th.

Calculation gives parity as supposed to be touched by end of august, why is it too near for now?

Quoting Alki
tools indicates to me some short for aroud 250 pips, again higher and after that going to parity for AROUND the end of august. I'll see if it will work, seen nothing is sure in trading.

Quoting Alki
If it breaks 1.0719, we could go to 1.0653. 1.0500, 1.0389, 1.0200 and then parity. But it needs time to make all that. Between, it could retest higher and make a nice pinbull game lol.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #32,073
  • Aug 8, 2011 5:35pm Aug 8, 2011 5:35pm
Quoting mOmOgi
Thanks for the advice Sir. Hope you're right.
I have another long still waiting at 1.0132, just in case.
I'd wait until we trade through 1.0130 before going long. We might see a decent drop when it goes under there

"Heavy stops below 1.0130 "

http://www.forexlive.com/blog/2011/0...usd-orders-15/
  • #32,074
  • Aug 8, 2011 5:46pm Aug 8, 2011 5:46pm
Quoting havaiana
I'd wait until we trade through 1.0130 before going long. We might see a decent drop when it goes under there

"Heavy stops below 1.0130 "

http://www.forexlive.com/blog/2011/0...usd-orders-15/
Actually the more i look the more i don't want to be lond AUD at all right now and i love to be long AUD. If the panic continues and equity markets continue to bomb today we could break parity
  • #32,075
  • Aug 8, 2011 6:00pm Aug 8, 2011 6:00pm
Quoting havaiana
I'd wait until we trade through 1.0130 before going long. We might see a decent drop when it goes under there

"Heavy stops below 1.0130 "

http://www.forexlive.com/blog/2011/0...usd-orders-15/
there they go...
  • #32,076
  • Aug 8, 2011 6:56pm Aug 8, 2011 6:56pm
AUD/USD @ 1.0145

Another day another big fig.
Despite this so called "fear" the markets have operated orderly in FX.
Plenty of liquidity as opposed to the 2008 saga.
Plenty of money to be made on both sides of the fence as movements have been hitting both sides of the predicted daily range.

It will start to get interesting soon however as AUD/USD has fallen 10 pct in less than a week.
Having a contrary position my staggered buys shouldnt be that far away from returning positive. Position size reduction is the key.
  • #32,077
  • Aug 8, 2011 7:06pm Aug 8, 2011 7:06pm
Two major banks have cut their interest rates. We'll see parity today.
Don't get mad, get even!
  • #32,078
  • Aug 8, 2011 7:15pm Aug 8, 2011 7:15pm
Quoting stulic
Two major banks have cut their interest rates. We'll see parity today.
You mean CBA? I see they dropped home loan rates... Anyway hope youre right, Ive gone in short, hopefully not prematurely... Wish i had stayed in my short last night and not gotten spooked! 250 pips later...
  • #32,079
  • Aug 8, 2011 7:20pm Aug 8, 2011 7:20pm
Quoting stulic
Two major banks have cut their interest rates. We'll see parity today.
yep. was a good call by westpac more than a week back: http://www.news.com.au/money/interes...-1226103148743

And it begins:
"CBA cuts homeloan rates"
http://www.news.com.au/business/brea...-1226111461408

And some contrarian comments from Swan for a bit of balance:
"Australian economy is strong, says Federal Treasurer Wayne Swan"

http://www.news.com.au/business/brea...-1226111450325
  • #32,080
  • Aug 8, 2011 7:21pm Aug 8, 2011 7:21pm
Quoting stulic
Two major banks have cut their interest rates. We'll see parity today.
I hope so ... i want more of this stuff
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