AUD/USD | Page 1897 | 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

  • #37,921
  • Dec 18, 2011 9:22pm Dec 18, 2011 9:22pm
I left a SELL Limit @ 0.9975 @ FXCM last Friday. Today filled at better price 0.99861 instead.

If this was an IBFX account. I am sure I would have been filled @ 0.9970 and they'd argue wide spread/lack of liquidity/when order was trigger, price immediately spiked down/ blah blah blah.

Im long done with IBFX. Good riddance.
  • #37,922
  • Dec 18, 2011 9:23pm Dec 18, 2011 9:23pm
Closed all of my shorts from last weekend...

Waiting for better entry points.

Thank you.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #37,923
  • Dec 18, 2011 9:32pm Dec 18, 2011 9:32pm
Quote
Risk off on news of Kim Jong-Il's death. EUR/USD falls below 1.3000, EUR/JPY hits high of 101.71; Asian FX broadly weaker vs USD

We dont know what "Kim Jong Un" (successor) will be. thus the fear in the market, ie Better the devil we know, that the devil we dont know.
Of course, I dont mean he is a devil; just stating the adage.
  • #37,924
  • Dec 18, 2011 9:42pm Dec 18, 2011 9:42pm
Quoting ragnakore
We dont know what "Kim Jong Un" (successor) will be. thus the fear in the market, ie Better the devil we know, that the devil we dont know.
Of course, I dont mean he is a devil; just stating the adage.
this has limited impact in the long term. he surely would have groomed successors.
  • #37,925
  • Edited 11:15pm Dec 18, 2011 10:57pm | Edited 11:15pm
Morning , may have some bounce but pressure still down to the bottom or even more before it may takes place ,next support 0.9875 .
lets see.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #37,926
  • Dec 18, 2011 11:13pm Dec 18, 2011 11:13pm
Quoting fontu
Morning , may have some bounce but pressure still down to the bottom or even more before it may takes place ,next support 0.9875 .
lets see.
fontu
be careful of the impromptu finmin meeting today (Monday).... the pair might bounce due to HOPIUM.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #37,927
  • Dec 18, 2011 11:15pm Dec 18, 2011 11:15pm
fin meeting only about $200bn. inadequate. but hopium for something else? but my system said long on all the majors , i missed the entry

next wait for some hopium and go short later
  • #37,928
  • Dec 18, 2011 11:18pm Dec 18, 2011 11:18pm
Quoting rafiqhidayat
be careful of the impromptu finmin meeting today (Monday).... the pair might bounce due to HOPIUM.
Thanks , will care . and whatever it does due hopium will not long so soon & so not worry rt now .
yeah it breaks 0.9921 & so some correction limits there next 0.9935 , 47 or so will see .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #37,929
  • Dec 19, 2011 2:48am Dec 19, 2011 2:48am
Quoting Halba
fin meeting only about $200bn. inadequate. but hopium for something else? but my system said long on all the majors , i missed the entry

next wait for some hopium and go short later
id agree with this, the pair looks range bound until the ES brakes one way or another
  • #37,930
  • Dec 19, 2011 3:34am Dec 19, 2011 3:34am
This is going nowhere aka Sideways.

But to trade this pair in range could be a killer. According to FXCM, most loser traders lose money trading "range" during non-range hours. You might wanna reconsider...

Yet according to FXCM studies, there are pairs that are best traded range during their corresponding off-hours. EURUSD, GBPUSD, USDCHF, USDCAD for instance are best traded during Asia hours. AUDUSD, USDJPY are tricky; these are very active during Asia, slightly active during Europe, very active during NY. Best to trade AUDUSD on trends.


PS. S&P500 is positive already... We might see an AUDUSD rally by NY.
  • #37,931
  • Edited 4:15am Dec 19, 2011 3:50am | Edited 4:15am
ragna, nice analysis re:" ranging. yes its true , the reason is when u go for a range trade, it can break out suddenly during active hours. often it is when u are attempting the range trade. sometimes u will get lucky, but it is risky.

also vulnerable to stop hunt, here aud spiked to 9963
  • #37,932
  • Dec 19, 2011 4:34am Dec 19, 2011 4:34am
Pips for thought:

China, USA dont want a weak EURO so they can sell stuffs to Europe.
Germany is OK by this and prefers a strong EURO to fight inflation.

Perhaps these are the reasons why EURUSD refuses to plunge lower than 1.3000.

Many Hedge Funds that were shorts EUR have lost lots of money since the start of 2011.

EURUSD and AUDUSD are correlated. If EURUSD dont want to drop, perhaps AUDUSD wont drop as well.

I am positionless right now. Waiting for breakout; prefers a bull run seeing how bullish equity will be during the last trading days of the year.
  • #37,933
  • Dec 19, 2011 5:03am Dec 19, 2011 5:03am
Quoting ragnakore
EURUSD and AUDUSD are correlated. If EURUSD dont want to drop, perhaps AUDUSD wont drop as well.
EU may loose risk on corelation. I do agree EU strength is highly supported but how long can that support overpower the fundamentals?
Live to Trade FX - Trade FX to Live
  • #37,934
  • Dec 19, 2011 7:37am Dec 19, 2011 7:37am
my favorite trading pair!


http://a.yfrog.com/img877/7932/3tcg.jpg
  • #37,935
  • Dec 19, 2011 8:17am Dec 19, 2011 8:17am
Correcting excessive & actually waiting the 5th wave impulse to intiate down through the bottom to all targets in the lows, may be started or not , lets see . ist confirmation 0.9934 & next previous bottom 0.9900 & final previous bottom again 0.9876. waiting .....
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #37,936
  • Edited 9:34am Dec 19, 2011 9:21am | Edited 9:34am
breaking 0.9934 , may take little time but successfull break & hold will intiate great moment for bears all others also .
lets see if can celebrate this time & all ladies flat for ...

another clear signal gbpchf > now to break the daily tl for next if so easily ( with the day or days ) & next breaks again .
no other alternatives perhaps, do it fast as usd not breaking again other currencies soon usdchf to bounce as near limit levels for bull . so immediate usdx bull is the answer & loose thread enough for the whole day so far .waiting what decision .
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #37,937
  • Dec 19, 2011 9:32am Dec 19, 2011 9:32am
Quoting mainlinefx
EU may loose risk on corelation. I do agree EU strength is highly supported but how long can that support overpower the fundamentals?
Indeed, although EU and AU have a high percentage of correlation on short time-frames and for short overall durations, they can grow uncorrelated up to 1500-2000 pips over time (either side)!

I did a study of H1 close prices for both from December 2007 to November 2011 and if taken continuously from start to end, there are several periods where the difference reached just above 3000 pips. In a month's range, the maximum I've seen is between 150-200 pips.

I use the EURUSD (short) as a temporary hedge for longer term bullish positions on the Aussie, but it can become quite risky at times because of this. The best way to understand how both pairs behave in respect to one another is to add the EURAUD chart in the middle and watch how the three evolve simultaneously. It's quite amazing.
  • #37,938
  • Dec 19, 2011 9:56am Dec 19, 2011 9:56am
Short since thurs...added 3rd position today

http://i.imgur.com/qgWiY.jpg
  • #37,939
  • Dec 19, 2011 10:00am Dec 19, 2011 10:00am
next reaction line 09915 for scalpers before 0.9900 .someone placed very big picture , please short it . making trouble .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #37,940
  • Dec 19, 2011 10:11am Dec 19, 2011 10:11am
where would it stop next .9830 area or .9720 area ?
PPP - Patience Pays PIPS
27 traders viewing now