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AUD/USD

  • #37,181
  • Dec 7, 2011 6:54pm Dec 7, 2011 6:54pm
Quoting KCV
Such a bad news and Aud is not going down????
exactly. AUD, what takes you so long before you hit 1.07?
  • #37,182
  • Dec 7, 2011 6:56pm Dec 7, 2011 6:56pm
Quoting eqshack
it went down..from 84 to 34 ..lmfaoo u want more? gotta wait ..i think its going to fall pretty soon takin out sum shorts

Yes...I need more...Lol....

Any other currency....Wont you see more drop??

I hope you are right? Fingers Crossed...

  • #37,183
  • Dec 7, 2011 6:56pm Dec 7, 2011 6:56pm
there are stops and covers. It will probably work south to 1.02-1.015 by the time london opens.
Any prices quoted are futures
  • #37,184
  • Dec 7, 2011 6:56pm Dec 7, 2011 6:56pm
Twitter rumors are more important that data.
  • #37,185
  • Dec 7, 2011 6:56pm Dec 7, 2011 6:56pm
AU will only play in the range of 1.0150 to 1.0330 until 9 December.... HOPIUM is keeping it up.

I will buy AU around 1.0200 to 1.0250 targeting 1.0280 - 1.0300 today.

Too risky to short, IMHO.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #37,186
  • Dec 7, 2011 7:04pm Dec 7, 2011 7:04pm
Quoting happytrader
i'm long as well @ 1.2780. i've similar reasons as yours and it's also a ..bet for a set of positive data...in 1 min

oops... sl hit.
sorry to hear your SL has been hit. I am trading off the daily so my SL is @ 1.01356

Pattern is still valid with the low not moving passing the signal bars low. I am still long and going to hold.

scfx
The best indicator is price.
  • #37,187
  • Dec 7, 2011 7:06pm Dec 7, 2011 7:06pm
Quoting rafiqhidayat
AU will only play in the range of 1.0150 to 1.0330 until 9 December.... HOPIUM is keeping it up.

I will buy AU around 1.0200 to 1.0250 targeting 1.0280 - 1.0300 today.

Too risky to short, IMHO.
agreed. i dont want to have any exposure to risk pairs when the summit wraps up.

However.. i have to admit, i am tempted to go long in small amounts on EUR/USD, USD/AUD, AUD/JPY at lows before the summit tomorrow... just in case the hopium hysteria exceeds the low expectations that have been set by germany.
Any prices quoted are futures
  • #37,188
  • Dec 7, 2011 7:10pm Dec 7, 2011 7:10pm
Quoting scfx
sorry to hear your SL has been hit. I am trading off the daily so my SL is @ 1.01356

Pattern is still valid with the low not moving passing the signal bars low. I am still long and going to hold.

scfx
it's alright, wow your sl is huge. it's like 250 pips and more.

what's your tp?
  • #37,189
  • Dec 7, 2011 7:11pm Dec 7, 2011 7:11pm
bought the drop on Aussie. Data releases push prices to short term extremes.
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  • #37,190
  • Dec 7, 2011 7:12pm Dec 7, 2011 7:12pm
I shorted at 1.0294, with initial stop at 1.03 - I know, very shallow, but my indicators were looking for a swing down.

The bad data helped me in,

Its probably risky to 'short' this market, so instead I just put a TS at 30step-to-7.

So far now, I can't loose I've locked in 37pips, so if it moves up suddenly, oh well

Looks like there's trouble getting back above the 15M 200EMA. looks like another leg down to maybe around 0215 me thinks.....

either way, SHOW ME YOUR PIPS! haha
  • #37,191
  • Dec 7, 2011 7:12pm Dec 7, 2011 7:12pm
Quoting redteamgo
agreed. i dont want to have any exposure to risk pairs when the summit wraps up.

However.. i have to admit, i am tempted to go long in small amounts on EUR/USD, USD/AUD, AUD/JPY at lows before the summit tomorrow... just in case the hopium hysteria exceeds the low expectations that have been set by germany.
I think this hopium is different than past hopium, everyone and their mother is saying that the markets are going to rally after the EU summit, no matter what they say, if its just a little, itty bitty positive we're going to have the mother of all rallies through the end of the year, damn the fundamentals showing the global economy is cratering. However, since everyone, everyone is calling this rally, I think maybe, just maybe we don't. lol
Yay! Pips for everyone!
  • #37,192
  • Dec 7, 2011 7:15pm Dec 7, 2011 7:15pm
Quoting happytrader
it's alright, wow your sl is huge. it's like 250 pips and more.

what's your tp?
No hard TP, but first target if the pattern holds (price can move above last bar) is 1.0455 area.

if it closes below the last bar I will sharpen my stop as the pattern will losing strength IMO

scfx
The best indicator is price.
  • #37,193
  • Dec 7, 2011 7:15pm Dec 7, 2011 7:15pm
camoonn!! start falling..lol im stepping in with my shorts
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #37,194
  • Dec 7, 2011 7:22pm Dec 7, 2011 7:22pm
Quoting eqshack
camoonn!! start falling..lol im stepping in with my shorts
according to my indicators the 15M is looking at rolling over..... maybe... still on edge...

I've set my new TP at 1.0215
  • #37,195
  • Dec 7, 2011 7:30pm Dec 7, 2011 7:30pm
doesn't look like it wants to fall any further to me. it should fall according to logic, but i'm gonna step in with a very small long and see what happens.
  • #37,196
  • Dec 7, 2011 7:32pm Dec 7, 2011 7:32pm
Quoting benjamf13
according to my indicators the 15M is looking at rolling over..... maybe... still on edge...

I've set my new TP at 1.0215
i'll take that back, maybe we're going to see a break of the 15M 200EMA.
  • #37,197
  • Dec 7, 2011 7:34pm Dec 7, 2011 7:34pm
Quoting benjamf13
according to my indicators the 15M is looking at rolling over..... maybe... still on edge...

I've set my new TP at 1.0215
It has retraced more than half of the movement. i dont know

I'm out.. bagged about 70 pips between AUD/USD and AUD/NZD. should have been more.. but I'm greedy and waited too long. oh well
Any prices quoted are futures
  • #37,198
  • Dec 7, 2011 7:35pm Dec 7, 2011 7:35pm
i shorted at the retracement and it seems that i can no longer understand what i am doing! is this a rebounce or retracement. damn it!

why am i so unlucky!
  • #37,199
  • Dec 7, 2011 7:46pm Dec 7, 2011 7:46pm
Quoting benjamf13
i'll take that back, maybe we're going to see a break of the 15M 200EMA.
Ok, looks like a break of the 200EMA is confirmed, but held off at the 10EMA, so a break of that and the 30EMA could see a big jump up to around 1.03
  • #37,200
  • Dec 7, 2011 8:00pm Dec 7, 2011 8:00pm
Quoting Sixpack73
doesn't look like it wants to fall any further to me. it should fall according to logic, but i'm gonna step in with a very small long and see what happens.
i reversed again at 1.0261 - normally i don't flip this much but this one's acting a bit odd tonight, at least compared to what i'm used to. should go down but that 1.025 line has got some support

edit...i wouldn't expect much more of a down move till london but even then the hopium for friday's euro news will keep the bulls lingering i bet
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