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AUD/USD

  • #32,961
  • Sep 5, 2011 8:20pm Sep 5, 2011 8:20pm
Hello all

buying from here @1.0529

and waiting the home loans data

High risk High return!
  • #32,962
  • Sep 5, 2011 9:09pm Sep 5, 2011 9:09pm
buying here at @1.05200
  • #32,963
  • Sep 5, 2011 9:17pm Sep 5, 2011 9:17pm
time to dump aussies
TRADE FOR SWAP
  • #32,964
  • Sep 5, 2011 9:21pm Sep 5, 2011 9:21pm
i wouldn't be buying aud right now. the rates wont be increased, a cut is more likely to happen before a rise. Also the stock markets and futures are dropping fast. Be carefull

Just my advice.

we MAY see a smalllllll rally before or shortly after the rate decision as liquidity hits the market, but overall - this pair is heading down IMHO.

Mitch
  • #32,965
  • Sep 5, 2011 10:25pm Sep 5, 2011 10:25pm
Quoting Mitchoss
i wouldn't be buying aud right now. the rates wont be increased, a cut is more likely to happen before a rise. Also the stock markets and futures are dropping fast. Be carefull

Just my advice.

we MAY see a smalllllll rally before or shortly after the rate decision as liquidity hits the market, but overall - this pair is heading down IMHO.

Mitch
Exactly right.
Don't get mad, get even!
  • #32,966
  • Sep 5, 2011 11:14pm Sep 5, 2011 11:14pm
Expect a bit of profit taking and stop hunting especially on long gold and short aussie/kiwi positions. Most of the RBA decision has already been priced in.
Don't get mad, get even!
  • #32,967
  • Sep 5, 2011 11:20pm Sep 5, 2011 11:20pm
Quoting stulic
Exactly right.
Agreed, i'm bearish aud/usd (scalping mode)

happy trading
  • #32,968
  • Edited 11:38pm Sep 5, 2011 11:30pm | Edited 11:38pm
Quoting Chelost
How are Jinni and Aladdin?
Do you believe in rebound (Eur/usd)? Why?
Thanks'
Is this qstn so very important in trading ? Do u believe ... should u fall ... u'll never get up ? I can only tell u ... major - sell , minor - buy ... coz I don't knw how much $$$ does Jinni & Aladdin has in their bags to defend 1.4050-1.3980.

If it is hard to fall ... sure it will go up but ... limited (atm) due to selling interest is more than buying. . Interesting prices are still down there (1.3944 - 1.3841) ... Im waiting at 1.3561 but pls don't ask me why ...
  • #32,969
  • Sep 5, 2011 11:41pm Sep 5, 2011 11:41pm
1.0530-ish could be a good short opportunity whoever missed the train down, but 1.0550 is not out of question yet either.
Don't get mad, get even!
  • #32,970
  • Edited 11:48pm Sep 5, 2011 11:43pm | Edited 11:48pm
Quoting Chillypiper
Keep an eye on Gold Mate and c u later
I can only sell atm ... longs are already full in the bags ... it just snapped my short order at 1910.45
  • #32,971
  • Sep 5, 2011 11:53pm Sep 5, 2011 11:53pm
edit: wasn't being rude though the 'good luck' part sounds rude.. I'm in it for a long haul, as long as fed rates are 0% i add to every single dip => 40$. got some nice positions down lower already

good luck, i think if your hoping for more than a $10 drop with that you may be rudely shocked by golds bull power.

Long all the way.

Quoting VennD
I can only sell atm ... longs are already full in the bags ... it just snapped my short order at 1910.45
  • #32,972
  • Sep 5, 2011 11:58pm Sep 5, 2011 11:58pm
I met my target and then Aussie went to sh!t!!

I looked as though a sustained breach of o575 resistance area would open us up to breaking o75o, with US jobs sucking, new carry trades, Gold at records, renewed dollar weakness, etc. instead, it dumps 250 pips worth of blood and rests back on o5oo support.....

What's next! More bloodshed! or..........

Quoting XTrade
With you exactly on this. Just took profit from last nights run @ 90 pips.

Yet again BELOW> 1.0500

We need to take this area out to continue long. I am looking to buy the next dip in expectation of breach of 0500 - otherwise I will remain flat.

I am a bit surprised this pair is having so much trouble.

Perhaps it is the combo of
R1 Pivot and
.618 fibo of last minor H1 swing /// or 50% of last major swing H4
and shorts guarding.....

Ultimate target for now is higher at 0750...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,973
  • Sep 6, 2011 12:00am Sep 6, 2011 12:00am
Why can you only sell atm ...???
Quoting VennD
I can only sell atm ... longs are already full in the bags ... it just snapped my short order at 1910.45
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,974
  • Sep 6, 2011 12:01am Sep 6, 2011 12:01am
Quoting VennD
I can only sell atm ... longs are already full in the bags ... it just snapped my short order at 1910.45
That's already 30 pips down.
Don't get mad, get even!
  • #32,975
  • Sep 6, 2011 12:04am Sep 6, 2011 12:04am
The more I look at it this pair is oversold.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,976
  • Sep 6, 2011 12:13am Sep 6, 2011 12:13am
Quoting XTrade
The more I look at it this pair is oversold.
Had a look at Fiber recently?
Don't get mad, get even!
  • #32,977
  • Sep 6, 2011 12:14am Sep 6, 2011 12:14am
No change in Int Rate by RBA and we saw a bit of position jostling.
Mixed messages on the local front but bigger worries on the international front.
Local equities tried to rally but stalled and now its a brave speccy going home long those puppies.

AUD/USD was wished up but failed again at 1.0530 next support 1.0470 and a clear break could see 1.0250

Are we seeing an emerging safe haven status in the AUD?
Only time will tell but im impressed by the way the market hasnt collapsed in the wake of the current crisis.
  • #32,978
  • Sep 6, 2011 12:14am Sep 6, 2011 12:14am
it is not the perfect environment for AUD to go up. weak home data, EU debt woes and weak US jobs data . The bearish trend might control AUD this week
  • #32,979
  • Sep 6, 2011 12:14am Sep 6, 2011 12:14am
Quoting XTrade
I met my target and then Aussie went to sh!t!!

I looked as though a sustained breach of o575 resistance area would open us up to breaking o75o, with US jobs sucking, new carry trades, Gold at records, renewed dollar weakness, etc. instead, it dumps 250 pips worth of blood and rests back on o5oo support.....

What's next! More bloodshed! or..........
With continuous risk aversion, target is below parity.
Don't get mad, get even!
  • #32,980
  • Sep 6, 2011 12:25am Sep 6, 2011 12:25am
I'm buying - for now. Talk to me in an hour.:nerd:

P.S. Praying Man is a joke, I never pray, hope, wish, or any of those type things in trading.
I have ripped those pages out of my trading dictionary....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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