Attachments: AUD/USD

AUD/USD

#32,261
Aug 11, 2011 12:16am Aug 11, 2011 12:16am

Jazznos
| Joined May 2010 | Status: Beware the MM's! | 775 Posts

Quoting 2+2=4ex

Disliked

Hello Jazznos. Here's something to think about... if you could go back a couple hours ago, how would you know it was the top?

Ignored

What up bro? Well its all going to shit right now...!
Well i didnt enter cos i thought it was the top, only at least a bit of a rally/retracement, but now maybe our friends in China are buying more? Stop just taken... Where i entered was an area of previous S/R and a 61.8 of the previous upmove so thjought it may have turned there... a few other fibs in the area too but dunno if that was enough... did you see something else?

#32,262
Aug 11, 2011 1:10am Aug 11, 2011 1:10am

hbkarakas
| Joined Apr 2011 | Status: Trader | 154 Posts

It seems that someone is buying aussie maybe China as some mates told before, but i think that as it couldnt test the previous low it does not have force to break the 1,04 resistance.

possible scenario can be ;

first testing 1,04 then a pullback to 1,03 if it can find a strong support why not above 1,04

it can also fall down below 1,03 again but i guess as long as there is no surprise it can not break 1,04 so easily (that will be 2nd attempt,maybe @3rd can be broken)

Note: Just a prediction

#32,263
Aug 11, 2011 1:18am Aug 11, 2011 1:18am

VennD
Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts

Quoting VennD

Disliked

.....

Consensus
----------
1) Aust's Unemployment Rate / 4.9% ---> 4.9% (maintain).

2) Aust's Employment Change expected to decrease / 23.4k ---> 10.3k

3) Aust's Consumer Inflation Expectation / 3.4% / No Consensus.

Ignored

Sorry Australia1 ... I just woke up ...

Results ...

1) 5.1%
2) -0.1k
3) 2.7%

Despite the worst data AU goes up ?

Probabilities
-----------
1) US Data earlier are much worst compare to Aust.
2) Not much liquidity in the market ?
3) Those buyers/investors below and above 1.0150 are looking at yeild (Interest Rate) rather than fundies make-ups outside the charts.

Trading Range Probability = 1.0010 - 1.0350 (I think those scalpers using 1m - 15m tfs can see the breakouts to the upside and downside).

#32,264
Aug 11, 2011 1:35am Aug 11, 2011 1:35am

hfcgII
| Joined Nov 2010 | Status: Trader | 81 Posts

Quoting VennD

Disliked

Sorry Australia1 ... I just woke up ...

Results ...

1) 5.1%
2) -0.1k
3) 2.7%

Despite the worst data AU goes up ?

Probabilities
-----------
1) US Data earlier are much worst compare to Aust.
2) Not much liquidity in the market ?
3) Those buyers/investors below and above 1.0150 are looking at yeild (Interest Rate) rather than fundies make-ups outside the charts.

Trading Range Probability = 1.0010 - 1.0350 (I think those scalpers using 1m - 15m tfs can see the breakouts to the upside and downside).

Ignored

http://www.forexfactory.com/news.php?do=news&id=309076

Could be the reason.

#32,265
Aug 11, 2011 1:50am Aug 11, 2011 1:50am

hbkarakas
| Joined Apr 2011 | Status: Trader | 154 Posts

seem had way to down...

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#32,266
Edited 3:11am Aug 11, 2011 1:55am | Edited 3:11am

VennD
Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts

Quoting hfcgII

Disliked

http://www.forexfactory.com/news.php?do=news&id=309076

Could be the reason.

Ignored

Possible ! .... Japan and China are among the biggest investors in AUD and they're also owning among the biggest of US Debts ... coz more than 50% of US Debts belong to foreigners . They might want to leverage their positions whatever that is ..

#32,267
Edited 5:07am Aug 11, 2011 2:45am | Edited 5:07am

VennD
Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts

Technically ... I don't see any breakouts to the upside in 4h tf . Still ... LongTerm Bullish ... ShortTerm Bearish / Trending ... on Daily.

Im merely securing the pips gain before it reaches its destination ...

Positions maintain ... short @ 1.1075 , long @ 0.9986 ( Will revise whichever is necessary ).

ATM ... All scalpers in between has been closed and some been stop out at BE + 1 . Will look any opportunity to scalp after this ... on both directions .

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#32,268
Aug 11, 2011 2:56am Aug 11, 2011 2:56am

jayjb
Joined Jul 2011 | Status: Heads is a buy. Tails is a sell. | 1,031 Posts

AUDUSD longs should be wary of a HnS on NZDUSD

#32,269
Aug 11, 2011 4:21am Aug 11, 2011 4:21am

Pied Piper
| Joined Jul 2011 | Status: Trader | 110 Posts

Missing SystemFx2011's views sorely....

#32,270
Aug 11, 2011 4:34am Aug 11, 2011 4:34am

rnegoro
| Joined May 2010 | Status: Trader | 103 Posts

http://online.wsj.com/article/BT-CO-...10-723540.html

Just a little fundamental news i saw, might be helpful to only take AUD shorts at the moment. If you took a losing short position and are thinking of cutting loss, might want to wait.

#32,271
Edited 7:16am Aug 11, 2011 7:11am | Edited 7:16am

VennD
Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts

3 US Data due in 20mins ...

Two scalp shorts went in @ 243 & 216 . Both locked at BE +1.

#32,272
Aug 11, 2011 7:33am Aug 11, 2011 7:33am

mOmOgi
| Joined Nov 2009 | Status: Trader | 73 Posts

The response for 3 data is so mellow.

#32,273
Aug 11, 2011 7:36am Aug 11, 2011 7:36am

Hoang Long
| Commercial User | Joined Jun 2011 | 123 Posts

USD continue up trend after news,
Maybe I can close previous short with less loss than expected

#32,274
Aug 11, 2011 7:40am Aug 11, 2011 7:40am

VennD
Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts

Quoting mOmOgi

Disliked

The response for 3 data is so mellow.

Ignored

2 favouring USD and 1 favouring AUD ...

A lil bit volatile ...

#32,275
Aug 11, 2011 7:48am Aug 11, 2011 7:48am

mOmOgi
| Joined Nov 2009 | Status: Trader | 73 Posts

Quoting VennD

Disliked

2 favouring USD and 1 favouring AUD ...

A lil bit volatile ...

Ignored

Till it became a backfire for short sellers.
Lucky me already out before the news.

#32,276
Edited 10:30am Aug 11, 2011 7:54am | Edited 10:30am

VennD
Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts

Your gbp/chf went up due to Investors eye SNB FX swap transactions. Im going long on that pair @ 1.16 targeting 1.30 ( Some Resistances already Blown ! ).

attached : gbp/chf & aud/chf.

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