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AUD/USD

  • #34,281
  • Oct 10, 2011 9:10am Oct 10, 2011 9:10am
cant argue why/how it punctured the parity level so easily... Dexia bank was saved so its mucho Risk On appetite.
  • #34,282
  • Oct 10, 2011 9:43am Oct 10, 2011 9:43am
1.00 testing
trade safe
  • #34,283
  • Oct 10, 2011 10:04am Oct 10, 2011 10:04am
Put sell order at 1.0020 Aud/Jpy at 4hr resisstance(sold), eu weakening (sold), S&P at med resisdance....GL
  • #34,284
  • Oct 10, 2011 12:42pm Oct 10, 2011 12:42pm
dangerous zone to happyly start shorting, currently closed all shorts from the reverse zone.
I think this zone where it's now got lots of new found supports and they fit with the retrace levels since this strong up move.
so don't think it will go very far, but will see what PA got to offer when there is more power in the market...
i'll keep 9925 close to my eye how price behaves there, if it ever gets there..
Good thing i followed the week candle and not the daily candle's words.

tomorrow might be another spicy day...
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Old Habits Die Hard.
  • #34,285
  • Oct 10, 2011 1:37pm Oct 10, 2011 1:37pm
Quoting VennD
Mr.Market starts calling their friends to change the direction. Watch yr short this time ...

Going to continue my sleep ... dreams was halve way only ...
Just woke up since Oct 4th , .... from my dreams ....

Don't trust that 1.0000 , ... it can go either way from there ...

my trades ...

long @ 0.9393 + short @ 1.0010
long @ 0.9767 + short @ 1.0010
long @ 0.9810 + short @ 1.0008

Total +1,058 pips secured , ... brb in 5hrs time / maybe less ...

attached: AU 15m tf.

Good luck to your trades ...
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  • #34,286
  • Oct 10, 2011 2:04pm Oct 10, 2011 2:04pm
AUD/USD .9995

So much for the theory on what Asia does monday do the opposite. ( Must be accept if their is a holiday somewhere).

So the bulls take charge once again as if the magic fairy has sprinkled the dust and everything is ok.- Yeah right..

Too me it seems like the world was onesided (short) and in thin markets it gained momentum and top pickers kept on getting stopped.

Still it has this theme to it so those who are strategically short like me dont waste your powder until the hyper bulls adrenaline subsides.

Happy trading
  • #34,287
  • Oct 10, 2011 2:25pm Oct 10, 2011 2:25pm
[quote]
Quoting VennD
Just woke up since Oct 4th , .... from my dreams ....

Don't trust that 1.0000 , ... it can go either way from there ...
Well howde do..! Good to see ya back VennD..Took a brake my self.

Projected targets..Never did hit my sell though and thinking of canceling her...humm.....
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  • #34,288
  • Oct 10, 2011 3:00pm Oct 10, 2011 3:00pm
Quoting lasty
AUD/USD .9995

So much for the theory on what Asia does monday do the opposite. ( Must be accept if their is a holiday somewhere).

So the bulls take charge once again as if the magic fairy has sprinkled the dust and everything is ok.- Yeah right..

Too me it seems like the world was onesided (short) and in thin markets it gained momentum and top pickers kept on getting stopped.

Still it has this theme to it so those who are strategically short like me dont waste your powder until the hyper bulls adrenaline subsides.

Happy trading
Agreed, I stayed out yesterday, nothing really took my interest, looking for another short back
  • #34,289
  • Edited 3:24pm Oct 10, 2011 3:20pm | Edited 3:24pm
Quoting Chillypiper
Well howde do..! Good to see ya back VennD..Took a brake my self.

Projected targets..Never did hit my sell though and thinking of canceling her...humm.....
Maybe I hv a different kind of eyeballs than yours ... allien eyeballs ...

attached : AU 4h & 30m
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  • #34,290
  • Oct 10, 2011 3:50pm Oct 10, 2011 3:50pm
Quoting triptizine
Agreed, I stayed out yesterday, nothing really took my interest, looking for another short back

Smart move

Im however short Euro and AUD.. with a continuation of adding to those but the flexibility to allow exaggerated moves as warned by fragile markets yesterday.

Now the bulls are patting themselves on the back saying we told you so..
Getting the price up from an overly short market is fairly easy.. maintaining it is twice as hard especially since no good news is on the horizon.

But let them have their day in the sun..
  • #34,291
  • Oct 10, 2011 3:50pm Oct 10, 2011 3:50pm
Had 2 lots short from 1.0005, 1 t/p got hit at 0.9955 while another is at 0.9930

anyone think it will ever reach that level before the us open tomorrow?
  • #34,292
  • Oct 10, 2011 3:56pm Oct 10, 2011 3:56pm
Quoting VennD
Maybe I hv a different kind of eyeballs than yours ... allien eyeballs ...

attached : AU 4h & 30m
I was waiting for his analysis

Welcome Vennd.

Do not miss ...
  • #34,293
  • Edited 4:58pm Oct 10, 2011 4:34pm | Edited 4:58pm
Two Aust data due in 1hr , Two Chinese data due in 1.5hrs and ... Six Japanese Data due in 5-6.5hrs from now ...

I wanna start scalping some more ...

added short @ 0.9977 with BE / targeting that support around 0.9910
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  • #34,294
  • Oct 10, 2011 5:43pm Oct 10, 2011 5:43pm
Business Confidence improves is the headline.- Aussie dollar bounces 25 pips..

BUT the reason why it did improve was on the back of expectations of lower interest rates and a weaker currency..



Still its the running of the bulls so let them have their fun until someone gets hurt..
  • #34,295
  • Oct 10, 2011 5:48pm Oct 10, 2011 5:48pm
Quoting VennD
.......

added short @ 0.9977 with BE / targeting that support around 0.9910
That short with BE was chip-chopped by Mr.Bull into pieces...
  • #34,296
  • Oct 10, 2011 7:01pm Oct 10, 2011 7:01pm
The US data - IBD/TIPP Economic Optimism .

Do you think if we saw lower then forecast it would throw enough shadow to push Aussie through parity?
  • #34,297
  • Oct 10, 2011 7:30pm Oct 10, 2011 7:30pm
I would have thought the opposite myself, but some other reports from EU to worry about before that.

Also it has already busted through parity last night, so perhaps a little less resistance at parity after that.
  • #34,298
  • Oct 10, 2011 7:40pm Oct 10, 2011 7:40pm
On my charts if it breaks bellow 9970 then there is air bellow that hopefully back to the median of the current respected channel ... around 98.
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  • #34,299
  • Edited 8:34pm Oct 10, 2011 8:16pm | Edited 8:34pm
I doubt tomorrow's Home Loans would show AUD's direction. The only Risk Event IMO is the Australian Employment Report on Thursday (2 days from now).

Therefore, till then, its pretty much technical.

Of course there is always something unannounced events that could rock the boat either side. Perhaps something good/bad out of Europe today/tomorrow could overshadow any sentiments.

I am short @ 9970. depends on how it unfolds, I might cut short, or wait it out this thursday.


Attached is a chart from FXCM's SSI indicator. More traders are short AUDUSD and according to the indicator, signals bullish move on AUDUSD... Hmm.. i think im on the wrong side of the road
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  • #34,300
  • Oct 10, 2011 8:42pm Oct 10, 2011 8:42pm
There is some heat from the little double bottom at the moment, I'm holding my short.
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