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AUD/USD

  • #35,001
  • Oct 27, 2011 6:09am Oct 27, 2011 6:09am
Who is buying at these levels?
  • #35,002
  • Oct 27, 2011 6:09am Oct 27, 2011 6:09am
Quoting taxe91
for anyone that had no idea what me and burger were talking about in regards to this 'expert' trade:

http://www.cnbc.com/id/45051104

that page explains the trade with the clip i saw when i originally posted
there is another one from fxcm/dailyfx.com
Quote
JoelKruger Joel Kruger



$AUDUSD: Our Short triggered intraday at 1.0550 and we will see if this trade has any legs. A break back below 1.0500 will help.

3 hours ago Favorite Retweet...
Joel calls to short @ 1.0550, SL 1.0750 for a TP below parity.


at any rate, these experts are not infaliable. they do make mistakes once in a while. I still respect them; they got the balls to call the trade BEFORE it happens for profit or loss unlike some who'd post their trades after the fact claiming they made 100 pips here and there...
  • #35,003
  • Oct 27, 2011 6:14am Oct 27, 2011 6:14am
Quoting sat0pi
I really wish I knew why AUD has gained over 2% today.
There is not reasonable answer. Maybe because of good prediction for US GDP and EU faked solved debt problem.
  • #35,004
  • Oct 27, 2011 6:16am Oct 27, 2011 6:16am
Quoting umbrella man
There is not reasonable answer. Maybe because of good prediction for US GDP and EU faked solved debt problem.
ya i agree, anticipating bad usd gdp.

if you look at the aud/usd, there is no reason why it can't go to all time high's again. If you have that conviction, then these levels would be considered a value. last summer, this puppy hit a dip and rebounded 1100 pips over the course of 8 weeks. I think this 1250 pip run in 4 weeks is pretty quick.
  • #35,005
  • Oct 27, 2011 6:25am Oct 27, 2011 6:25am
Quoting BurgerKing
there is another one from fxcm/dailyfx.com

Joel calls to short @ 1.0550, SL 1.0750 for a TP below parity.


at any rate, these experts are not infaliable. they do make mistakes once in a while. I still respect them; they got the balls to call the trade BEFORE it happens for profit or loss unlike some who'd post their trades after the fact claiming they made 100 pips here and there...
did you see their advise on tweet? i checked FXCM website and i can see his daily pick just said looking for buy USD/JPY but not yet. i did not see his advise about short AU
  • #35,006
  • Oct 27, 2011 6:28am Oct 27, 2011 6:28am
Quoting jayjb
True that, I often find profitable trades turn ugly when I refuse to shift my S/L to B/E after being deep in the green

I just can't stomach it if it hits red and then proceeds to blast through my target.

Anyway, congrats on the long
Thanx, I was lucky to get a long in @ 1.0409 and ride this move.
Stop moved to 1.0576, still targeting 1.0700...
Expect the unexpected.
  • #35,007
  • Oct 27, 2011 6:29am Oct 27, 2011 6:29am
Quoting Yuchen
did you see their advise on tweet? i checked FXCM website and i can see his daily pick just said looking for buy USD/JPY but not yet. i did not see his advise about short AU
on tweet

but of all the dailyfx experts, i respect most jamie, ilya, chris.
i dont disrespect joel though; he just made too few calls, there is no "track record" to compare.

you can get lots of "news" from tweets if you "follow" the right persons.
  • #35,008
  • Oct 27, 2011 6:44am Oct 27, 2011 6:44am
Quoting BurgerKing
cant believe im seeing this.. so much euphoria over europe when noone knows where the money is coming from?
you can only blame the news outlets and the ministers themselves for making it sound better than it is. news outlets showing off headlines like 'European agreement reached'. angela merkel saying things like shes happy with the solution that was found.

just like that we have the dax and cac40 up nearly 5%. now watch the US indexes open up over 2% each unless we get bad unemployment/gdp news

the traders in this thread that are going short right now have tremendous courage, but thats just about all i can say for them. going short now really seems like youre taking a stab in the dark

edit: just as im typing this the french cac has surged to over a 5% gain on the day
  • #35,009
  • Oct 27, 2011 7:09am Oct 27, 2011 7:09am
Quoting taxe91
you can only blame the news outlets and the ministers themselves for making it sound better than it is. news outlets showing off headlines like 'European agreement reached'. angela merkel saying things like shes happy with the solution that was found.

just like that we have the dax and cac40 up nearly 5%. now watch the US indexes open up over 2% each unless we get bad unemployment/gdp news

the traders in this thread that are going short right now have tremendous courage, but thats just about all i can say for them. going short now really seems...
Maybe 1.07 today if not, I think we stay right here
  • #35,010
  • Oct 27, 2011 7:15am Oct 27, 2011 7:15am
Stay in my long or exit before the news...
cant make up my mind...
Expect the unexpected.
  • #35,011
  • Oct 27, 2011 7:20am Oct 27, 2011 7:20am
Quoting FX-Petra
Bought 1 lot @ 0400. Perhaps will get to buy another below 0300.

Regards,
Holy explosion, Batman! Opened my computer and saw the run up. Closed long from 0400 @ 0640. Had taken another long yesterday @ 0350. That is still open, put a 50 pip trailing stop on it. My long term 0130 still holding for a topside test. I have not seen the news..... something good must have happened in Europe overnight.

Regards,
  • #35,012
  • Oct 27, 2011 7:21am Oct 27, 2011 7:21am
Quoting FX-Petra
Holy explosion, Batman! Opened my computer and saw the run up. Closed long from 0400 @ 0640. Had taken another long yesterday @ 0350. That is still open, put a 50 pip trailing stop on it. My long term 0130 still holding for a topside test. I have not seen the news..... something good must have happened in Europe overnight.

Regards,

Just some more can kicking..
  • #35,013
  • Oct 27, 2011 7:26am Oct 27, 2011 7:26am
Place your BETS!

Better GDP = BUY
Lower GDP = SELL
  • #35,014
  • Oct 27, 2011 7:33am Oct 27, 2011 7:33am
Quoting BurgerKing
Place your BETS!

Better GDP = BUY
Lower GDP = SELL
good numbers...so buy you say? to 1.07?
  • #35,015
  • Oct 27, 2011 7:35am Oct 27, 2011 7:35am
lol the markets so confused im being entertained by this
  • #35,016
  • Oct 27, 2011 7:56am Oct 27, 2011 7:56am
Quoting taxe91
lol the markets so confused im being entertained by this
I feel like someone is pointing to the moon when I look at this chart on a 15 min
  • #35,017
  • Oct 27, 2011 7:58am Oct 27, 2011 7:58am
Numbers came as expected.

Neither BUY
Neither SELL

HEDGE then!

The market will go where it wants to go. I am flat. Waiting for steam to cool off.
  • #35,018
  • Oct 27, 2011 8:03am Oct 27, 2011 8:03am
what a week so far. aus cpi, eu summit, and now us gdp finally all out of the way.

funnily enough i think tomorrow will be the most interesting day of the week. the market 'noise' will be gone and we'll see if bulls can sustain this all the way to 1.08 or if it is finally time for a retrace.

have managed to restrain myself from jumping in front of this bullish freight train and trading against the trend today but i'll admit its going to be hard to stop myself tomorrow if i get the right signs that bull power is slowing down

having said all that, ive jumped on the bandwagon to push towards 1.07 from 1.065 and my SL is now at BE.

good luck all
  • #35,019
  • Oct 27, 2011 8:07am Oct 27, 2011 8:07am
Quoting fx-rocket
Thanx, I was lucky to get a long in @ 1.0409 and ride this move.
Stop moved to 1.0576, still targeting 1.0700...
AUD @ 1.0675... This is nuts! only 25 pips to target 1.0700
stop moved to 1.0625
Expect the unexpected.
  • #35,020
  • Oct 27, 2011 8:39am Oct 27, 2011 8:39am
Quoting taxe91
having said all that, ive jumped on the bandwagon to push towards 1.07 from 1.065 and my SL is now at BE.
well that was interesting.. moved SL to 1.068 as we were pushing at 1.07 and got stopped out almost instantly. wonder if theres a reversal on its way
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