AUD/USD | Page 1780 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #35,581
  • Nov 13, 2011 6:19pm Nov 13, 2011 6:19pm
Quoting fx-rocket
Long @ 1.0337, TP ?, SL @ 1.0297
hey friend, i would be a little cautious going long into this market. we've almost completely erased the downmove already (300 pips) and the oversold conditions in the indis arent really there anymore. if i were looking to go long i would wait for some news out of europe to send us on a rally.

just my two cents!


Quoting taxe91
seriously considering taking a long into the weekend here with reports that berlusconi will officially be gone by monday.. might be a gap up when we come back on monday. will depend on if the market stays flat throughout the ny session
that 70 pip gap up looked mighty juicy, i shouldve gone for it

gone short with a 10-pip SL here to see if we can cover that gap
  • #35,582
  • Nov 13, 2011 6:26pm Nov 13, 2011 6:26pm
Quoting taxe91
hey friend, i would be a little cautious going long into this market. we've almost completely erased the downmove already (300 pips) and the oversold conditions in the indis arent really there anymore. if i were looking to go long i would wait for some news out of europe to send us on a rally.

just my two cents!
-Yup mate, my long from 1.0337 is not looking very good...
I'm not "in the zone" at the moment, I need to step back a bit now...
Expect the unexpected.
  • #35,583
  • Nov 13, 2011 6:44pm Nov 13, 2011 6:44pm
Quoting fx-rocket
-Yup mate, my long from 1.0337 is not looking very good...
I'm not "in the zone" at the moment, I need to step back a bit now...
i'll tell you what, i probably should have made this post over the weekend but better late than never -

going long is probably the better risk/return option for this pair (in regards to the long term). the things most capable of sending us south (fundamentally) are panic events: the us debt crisis, the current eurozone crisis, the BOJ intervention (not a panic event but it took 200 pips off us)

in recent times this pair gravitates north and only goes south when theres a panic driven selloff. its much more eager to go north, even the smallest things have set it off recently (a half-assed eu bailout package, greece re-approving the deal, new PM's in italy/greece)

risk investors control this pair and it takes a lot to scare them off, i wouldnt expect to see parity or lower on pure price action. there'll have to be something big in the news
  • #35,584
  • Nov 13, 2011 7:00pm Nov 13, 2011 7:00pm
I haven't added any new AUD/USD positions since I closed most of it last week.

Currently, the price for me is in a no mans land i.e. too expensive for me to buy, but based on the potential news coming out from europe, too risky for me to sell.

Going to hold on trading this pair with the exceptions of the ones that I had much2 earlier.

Started trading the USD/CHF pair as it seems to be a bit more stable compared to this one. We'll see how that decision will pan out.

Although in the dailyfx forum, someone suggested to trade the AUD/CAD pair as it is not affected by what is going on in Europe.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #35,585
  • Nov 13, 2011 7:14pm Nov 13, 2011 7:14pm
Quoting taxe91
i'll tell you what, i probably should have made this post over the weekend but better late than never -

going long is probably the better risk/return option for this pair (in regards to the long term). the things most capable of sending us south (fundamentally) are panic events: the us debt crisis, the current eurozone crisis, the BOJ intervention (not a panic event but it took 200 pips off us)

in recent times this pair gravitates north and only goes south when theres a panic driven selloff. its much more eager to go north, even the smallest...
Well, it oviously has to do with what time frame we are looking at for our trades. And , yes, AUD is really volatile and European news driven at the moment.
With that said I guess the direction for today is anyones guess.
Looking at the chart I see potential for a 150 pip drop from here (1.0300) to 1.0150. Looks like price is overbought here and that price hit the roof (todays high around 1.0350) of the downwards trendline that started on Nov 4.

Standing aside for now though, need to take a breather and "reset" myself
Expect the unexpected.
  • #35,586
  • Nov 13, 2011 7:59pm Nov 13, 2011 7:59pm
Quoting fx-rocket
Well, it oviously has to do with what time frame we are looking at for our trades. And , yes, AUD is really volatile and European news driven at the moment.
With that said I guess the direction for today is anyones guess.
Looking at the chart I see potential for a 150 pip drop from here (1.0300) to 1.0150. Looks like price is overbought here and that price hit the roof (todays high around 1.0350) of the downwards trendline that started on Nov 4.

Standing aside for now though, need to take a breather and "reset" myself
I get the strong feeling we are heading for parity today and/tomorrow. Market sentiment is still not good in Europe and my trendlines and momentum indis tell me we are heading south. I will be shorting in about 4 hours for nearly 300 pips.
Come with me if you want to live....
  • #35,587
  • Nov 13, 2011 10:47pm Nov 13, 2011 10:47pm
an ascending triangle is forming in the 10 min chart? and it's moving slow as hell...

i wanna to have a good position to short..., hate being stopped out again and again at the wrong place!
  • #35,588
  • Nov 14, 2011 12:01am Nov 14, 2011 12:01am
Quoting taxe91
that 70 pip gap up looked mighty juicy, i shouldve gone for it

gone short with a 10-pip SL here to see if we can cover that gap
closed
  • #35,589
  • Nov 14, 2011 12:04am Nov 14, 2011 12:04am
Quoting taxe91
closed
nice... im hanging in from 1.0330
  • #35,590
  • Nov 14, 2011 4:14am Nov 14, 2011 4:14am
Hi, for everyone! Standing in short! Wait 0.9500 soon... May be one or two weeks, as I think!
  • #35,591
  • Nov 14, 2011 4:48am Nov 14, 2011 4:48am
Quoting assamusic
Hi, for everyone! Standing in short! Wait 0.9500 soon... May be one or two weeks, as I think!
As far as I am concerned..this is one hell of a deal...I will take it. Long and strong baby. Get paid to hold!
  • #35,592
  • Nov 14, 2011 5:22am Nov 14, 2011 5:22am
missed the short entry, looking for a re-entry around 0258
  • #35,593
  • Nov 14, 2011 5:32am Nov 14, 2011 5:32am
Quoting western
As far as I am concerned..this is one hell of a deal...I will take it. Long and strong baby. Get paid to hold!
Lol!
In Charts We Trust!
  • #35,594
  • Nov 14, 2011 5:34am Nov 14, 2011 5:34am
Quoting western
As far as I am concerned..this is one hell of a deal...I will take it. Long and strong baby. Get paid to hold!
If you like you can do that! But I'm on the bearish side now!
  • #35,595
  • Nov 14, 2011 5:47am Nov 14, 2011 5:47am
Quoting assamusic
If you like you can do that! But I'm on the bearish side now!
Tough one to call. I'm going long on a break of this mornings gap price and ride to the neck line at 0750. Feels like it is working very hard to drop but not much momentum. Just hit 38.2 retrace and 15 min 200ema. Interesting to see if we get a bounce up. 55 Bollinger momentum is to the upside on 15 and 30min charts.
Come with me if you want to live....
  • #35,596
  • Nov 14, 2011 6:04am Nov 14, 2011 6:04am
Quoting Ill-b-back
I will be shorting in about 4 hours for nearly 300 pips.
Quoting Ill-b-back
Tough one to call. I'm going long on a break of this mornings gap price and ride to the neck line at 0750. .
  • #35,597
  • Nov 14, 2011 6:09am Nov 14, 2011 6:09am
Just right now AUDUSD trading near the strongest support! If the present one-hour candle will be closed under 1.0210 the down trend will become stronger!
  • #35,598
  • Nov 14, 2011 11:43am Nov 14, 2011 11:43am
again, no idea why anyone would be buying at these levels
  • #35,599
  • Nov 14, 2011 2:50pm Nov 14, 2011 2:50pm
Completing right shoulder on 1 hr?
Attached Image (click to enlarge)
Click to Enlarge Name: AUD USD 11-14-2011 right shoulder.jpg Size: 246 KB
  • #35,600
  • Nov 14, 2011 2:51pm Nov 14, 2011 2:51pm
only bullish if we can beat the 50 fibo 1.02288, if we do not. I'd be shorting the pair with target at: 1.01338.

I am bearish for now. Happy Trading.
27 traders viewing now