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AUD/USD

  • #37,241
  • Dec 8, 2011 2:07am Dec 8, 2011 2:07am
Quoting fx-rocket
ok, now stop moves to 1.0257 (+1 pip) target open, but 1.0300 is 1:st aim..
stop moved to 1.0276 (+20 pips), target open
Expect the unexpected.
  • #37,242
  • Dec 8, 2011 2:51am Dec 8, 2011 2:51am
short @1.02851, t/p 1.0246, s/l 1.310

next short at 1.305
  • #37,243
  • Dec 8, 2011 3:03am Dec 8, 2011 3:03am
Quoting fx-rocket
stop moved to 1.0276 (+20 pips), target open
trade closed at 1.0281 (+25 pips)
Expect the unexpected.
  • #37,244
  • Dec 8, 2011 3:04am Dec 8, 2011 3:04am
sold 1.0279...
Expect the unexpected.
  • #37,245
  • Dec 8, 2011 3:07am Dec 8, 2011 3:07am
Quoting fx-rocket
sold 1.0279...
stop 1.0319, target 1.0249
Expect the unexpected.
  • #37,246
  • Dec 8, 2011 5:38am Dec 8, 2011 5:38am
Quoting Dropped Onion
bought the drop on Aussie. Data releases push prices to short term extremes.
good call. i was tempted to go long at market when it failed to roll over after the 2nd hourly bar.. but didnt.
Any prices quoted are futures
  • #37,247
  • Dec 8, 2011 5:42am Dec 8, 2011 5:42am
I think it has a very good chance to breach 1.0300 and up.

I feel there is intelligence in the up swing from 1.0250, calmly leading the herd of buyers to push higher. He's not afraid of whoever waiting in the 00 level and previous fundamental disagreement, which means he must have some trick up his sleeve, say power of liquidity.

I believe he's the one behind the long bullish candle (30M) that negates the long bearish one just before it, conjuring doubt about the idea of reversal to crowds and at the same time showing off his power ;-)

He seems to know what he's doing. If he successfully breaks through (good chance he will), I will join him
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The tone of your words reflects the quality and result of your trading ;-)
  • #37,248
  • Dec 8, 2011 6:01am Dec 8, 2011 6:01am
Fundamentals question, since its expected that the ECB will cut by 25 to 50 bps, is that a positive for the Aussie as investors sell the euro and buy the higher yielding aussie? BTW, anyone notice the either W bottom or the H&S/Triple Top forming on the hourly?
Yay! Pips for everyone!
  • #37,249
  • Dec 8, 2011 6:18am Dec 8, 2011 6:18am
Quoting Pipsforall
Fundamentals question, since its expected that the ECB will cut by 25 to 50 bps, is that a positive for the Aussie as investors sell the euro and buy the higher yielding aussie? BTW, anyone notice the either W bottom or the H&S/Triple Top forming on the hourly?
If you flip to the 4H there is a quadruple top at the 4h
Any prices quoted are futures
  • #37,250
  • Dec 8, 2011 6:24am Dec 8, 2011 6:24am
Quoting redteamgo
If you flip to the 4H there is a quadruple top at the 4h
Yeah, I see that, if it wasn't for the Hopium and Santa Claus rally that the Americans want fundamentals be damned, I think the Aussie would have retraced quite a bit already considering that all the Asian and Aussie news recently has been bearish. Considering everyone in the world is saying that the US stock market will rally 8% the rest of the month, I'm taking that as a contrarian indicator, it can't be that easy, maybe I'm wrong, but I think we're going to sell off at some point in time before New Years.
Yay! Pips for everyone!
  • #37,251
  • Dec 8, 2011 6:29am Dec 8, 2011 6:29am
1.0300 and beyond for this pair

AUD is being driven either by:
Stop hunting
General USD weakness
Flight to safer currency
Seems like all of the above. what else to add?

Waiting for 1.0330 to break and to buy
  • #37,252
  • Dec 8, 2011 6:45am Dec 8, 2011 6:45am
Quoting ragnakore
1.0300 and beyond for this pair

AUD is being driven either by:
Stop hunting
General USD weakness
Flight to safer currency
Seems like all of the above. what else to add?

Waiting for 1.0330 to break and to buy
I'm long @ 1.0308... stopped at 1.027

here we go
Any prices quoted are futures
  • #37,253
  • Dec 8, 2011 6:45am Dec 8, 2011 6:45am
Quoting ragnakore
1.0300 and beyond for this pair
I'm waiting for long entry at the end of 30M candle if I see good enough buying interest. I doubt strong sellers will go against this breach after a little power show off from the intelligent actor behind the up swing a while ago. Good chance he'll take down whoever in his way
The tone of your words reflects the quality and result of your trading ;-)
  • #37,254
  • Dec 8, 2011 6:49am Dec 8, 2011 6:49am
Quoting ragnakore
1.0300 and beyond for this pair

AUD is being driven either by:
Stop hunting
General USD weakness
Flight to safer currency
Seems like all of the above. what else to add?

Waiting for 1.0330 to break and to buy
My only take is that its higher yielding, but as the global economy goes into recession, that higher yield will continue to get cut. Plus, its a risk-on currency, and the US market wants its Santa Claus rally because Americans ignore fundamentals, lol, and I'm an American. But, Australia's market has been down since the lousy employment numbers, but the Aussie has rallied as the US equity futures have rallied over night. Australians pay attention to fundamentals, Americans do not. I know that over-simplistic, I've also heard that the reason the US markets continue to rally is because its considered the safe haven equities market to throw your money at when you're losing confidence elsewhere.
Yay! Pips for everyone!
  • #37,255
  • Dec 8, 2011 6:56am Dec 8, 2011 6:56am
Interestingly, a formidable challenge is thrown from Daily R1 @ 1.0319, pushing down the breach candle strongly!

However, I doubt this is the end of the up move. Small chance that the strong & intelligent buyers who orchestrate the up swing today will go quietly. He seems to have specific purpose in breaching the 1.0300 level and good chance he'll fight back. EUR Bid Rate is as expected so it shouldn't affect his purpose much.

What a twist! This should go more interestingly
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The tone of your words reflects the quality and result of your trading ;-)
  • #37,256
  • Dec 8, 2011 7:02am Dec 8, 2011 7:02am
not sure if aussie is gonna hold that 1.3 price level in the next 20 mins. if not, it's fine to short?
  • #37,257
  • Dec 8, 2011 7:17am Dec 8, 2011 7:17am
Quoting happytrader
not sure if aussie is gonna hold that 1.3 price level in the next 20 mins. if not, it's fine to short?
I think we could see 1.330 for sure, US jobs number is coming out and Draghi is speaking. US jobs number should be strong due to seasonal holiday retail employment and Draghi will probably announce new liquidity measures that the US market will probably really like and that could lead to a risk-on trade today.
Yay! Pips for everyone!
  • #37,258
  • Dec 8, 2011 7:21am Dec 8, 2011 7:21am
try a small short with tight s/l at 1.0340
  • #37,259
  • Dec 8, 2011 7:22am Dec 8, 2011 7:22am
my long on EUR/AUD looks very dangerious now
It may test 1.2940 later, can this yearly support still solid ?
  • #37,260
  • Dec 8, 2011 7:32am Dec 8, 2011 7:32am
Buyers, let's roll..
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The tone of your words reflects the quality and result of your trading ;-)
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