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AUD/USD

  • #32,161
  • Aug 9, 2011 2:53am Aug 9, 2011 2:53am
Anybody pay attention on the correlation Gold and AUD? Past 2-3 days, if Gold up then AUD is going down. In the past, when Gold up then AUD is also going up.
  • #32,162
  • Aug 9, 2011 2:56am Aug 9, 2011 2:56am
Quoting hibore
Anybody pay attention on the correlation Gold and AUD? Today, if Gold up then AUD is going down. In the past, when Gold up then AUD is also going up.
Risk in/risk off, simple really.
Don't get mad, get even!
  • #32,163
  • Aug 9, 2011 3:43am Aug 9, 2011 3:43am
stulic I've experienced that it's pretty hard to make money with little margin like 300 $.

I'm following the market on demo now and didn't leave my strategy during entering longs or shorts and it's going pretty well comparing to real mini acc.

I've just nearly doubled the balance in 1 week. So interesting. what is the reason of that i wonder? Just staying calm during the open positions - statuses... Pff
  • #32,164
  • Aug 9, 2011 4:02am Aug 9, 2011 4:02am
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.
Parity touched, with The best economy in The world, The highest interest rate etc... And many things that was told to me here. Follow chart is better than following news and fundamentals.

Hope Nice pips to all, this is The most important for a trader.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #32,165
  • Aug 9, 2011 4:52am Aug 9, 2011 4:52am
Quoting hbkarakas
stulic I've experienced that it's pretty hard to make money with little margin like 300 $.

I'm following the market on demo now and didn't leave my strategy during entering longs or shorts and it's going pretty well comparing to real mini acc.

I've just nearly doubled the balance in 1 week. So interesting. what is the reason of that i wonder? Just staying calm during the open positions - statuses... Pff
It might change once you have real money on the table that is bigger than your comfort zone. So I think as long as 300 $ is in his comfort zone...he should stay with that and slowly grow with the money.
  • #32,166
  • Aug 9, 2011 4:54am Aug 9, 2011 4:54am
Quoting hibore
Anybody pay attention on the correlation Gold and AUD? Past 2-3 days, if Gold up then AUD is going down. In the past, when Gold up then AUD is also going up.
I think that the positive correlation of AUD and Gold will decouple for as long as the market focuses on the none-commodiy aspects of Australia, which are looking bad.
  • #32,167
  • Aug 9, 2011 5:01am Aug 9, 2011 5:01am
Anybody know why Aussie performed like a shit paper in recent days?

Crashed far more than all other currency and all other financial product ???

almost twice than all other currency and all other financial product ???






A Newbie's joke:
The big guys: told A forex Newbie:
You annoyed us ,you're targeted now ,we'll kill you!

Newbies: i dont understand, i just run a 300 US$ ACCOUNT!

The big guys: we don't care ! This is our game ,we do whatever we like.

A couple of days later ,the Market crashed !!

The big guys laughed !

The newbie asked : You big guys're really amazing,

In order to rob my 300US$ account,

You crashed the whole financial market ,Globally,

The whole world almost lost 3 trillion US$!!!

Every nation on earth got destroyed !!

You guys are really fantanstic !!!!

Just a joke !!!!
  • #32,168
  • Aug 9, 2011 5:03am Aug 9, 2011 5:03am
So far, I love how AUD acted today. Unloaded all the long, last one at 1.0254.

And now, the waiting time again...
  • #32,169
  • Aug 9, 2011 7:25am Aug 9, 2011 7:25am
Nobody could answer this :???
Why the Aussie crashed far more than any other currency ,any other financial product in recent days?

Even the US$ is not crashed and volatile like Aussie?

Maybe ,It's the Australia is downgraded by S&P ,not USA !

Or ,It's Australia is in debt crisis ,not Euro ?

But why even Euro is not crashed and volatile like Aussie?


Please answer this newbie question !!!
  • #32,170
  • Aug 9, 2011 8:45am Aug 9, 2011 8:45am
Quoting Nefu
Nobody could answer this :???
Why the Aussie crashed far more than any other currency ,any other financial product in recent days?

Even the US$ is not crashed and volatile like Aussie?

Maybe ,It's the Australia is downgraded by S&P ,not USA !

Or ,It's Australia is in debt crisis ,not Euro ?

But why even Euro is not crashed and volatile like Aussie?


Please answer this newbie question !!!
Due to the possibility of a recession, as the threat of recession approaches, people start dumping commodities and these equity money usually end up as USD first

That is why the AUD, NZD and CAD are doing badly against USD

Anyway, i have a short in to parity
  • #32,171
  • Aug 9, 2011 9:37am Aug 9, 2011 9:37am
Hi Folks,
I had recently read an article, (tried to search but in vain) which talks about the smile nature of USD. it says USD strengthens during US economy is good and when it is bad too. It loses value only when the economy is sluggish!!

The attached figure perhaps should give clarity.

I am in this forum from past few months and have found this people very helpful and some magnificient. Actually I am trying to model my trading on VennD and SystemFX2011.

I find SystemFX2011 's understanding of the market and methodology of calculating price target very impressive. Learnt a lot and eagerly looking forward for more from you guys OMGTrader, Hayseed and more....

And about VennD, when at times I am struggling, I have had my heart in my mouth seeing his chart especially when I see the buy or sell he has made so close to the high or low...

A combination of you both should be VennD + SystemFx2011 = $$$$$$

So I ask of you guys to speak more in the forums, and it is your piece of your mind(attitude and thinking) I ask of than a tip. :-) A bit more of mentoring if you have time would'nt hurt us if you have the time :-)

With loads of gratitude from newbies, Thank you.
Pied Piper.
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  • #32,172
  • Aug 9, 2011 9:55am Aug 9, 2011 9:55am
Check out this USD/AUD and EUR/AUD- Pretty sweet - just don't ask me how to trade it
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  • #32,173
  • Edited 12:28pm Aug 9, 2011 11:42am | Edited 12:28pm
I hope everybody are happy by now ... bull's dream and bear's dream has been granted ... Please smile like this

1.0792 - 800 = 0.9992
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  • #32,174
  • Aug 9, 2011 11:46am Aug 9, 2011 11:46am
The strength of AUD is believed to be moving along with the commodity index. Recently, when commodity index fell, but the AUD rose to 1.10 which is an anomaly. Naturally, it is only correcting itself. It's also worsened by the scared carry traders. Furthermore, signs of a global slowdown is coming.


In technical terms, the AUD went to 1.10 and met with a strong resistance, a new steep fast high carries the risk of a similar correction unless it's fundamentally backed.

In short, you have to combine both fundamentals and technicals to understand wtf is going on, you should only trade when you think a pair is grossly mispriced.

My prediction for AUD USD would be around 1.00 with a standard deviation of 0.02
  • #32,175
  • Aug 9, 2011 11:54am Aug 9, 2011 11:54am
Tracking USD Index ...
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  • #32,176
  • Aug 9, 2011 12:01pm Aug 9, 2011 12:01pm
.
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  • #32,177
  • Aug 9, 2011 12:06pm Aug 9, 2011 12:06pm
Tracking ....
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  • #32,178
  • Aug 9, 2011 3:34pm Aug 9, 2011 3:34pm
anybody in this train?
big numbers are our friends...
  • #32,179
  • Aug 9, 2011 4:46pm Aug 9, 2011 4:46pm
Quoting deeZG
anybody in this train?
Anything can happen.
  • #32,180
  • Aug 9, 2011 4:47pm Aug 9, 2011 4:47pm
Quoting lasty
AUD/USD 1.0095

Im looking for a large retracement possibly back to to 1.0450.
Happy hunting
Boom! nearly there. Big call
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