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AUD/USD

  • #38,321
  • Jan 2, 2012 5:29pm Jan 2, 2012 5:29pm
Quoting sidhujag
squeeze is on, look for a big pop during NY
its almost at 103. could be during london
Any prices quoted are futures
  • #38,322
  • Jan 2, 2012 5:53pm Jan 2, 2012 5:53pm
Classic continuation which almost never seems to fail...partial proft taken...should be at least more 1 impluse...

Entry

Attached Image (click to enlarge)
Click to Enlarge Name: AUD 03janb.jpg Size: 125 KB


Result so far

Attached Image (click to enlarge)
Click to Enlarge Name: AUD 03jan.jpg Size: 133 KB
  • #38,323
  • Jan 2, 2012 6:03pm Jan 2, 2012 6:03pm
Quoting redteamgo
its almost at 103. could be during london
I doubt it, if london does it then NY will selloff, NY usually is a bigger pop. London shoudl selloff then NY should popup
  • #38,324
  • Jan 2, 2012 6:37pm Jan 2, 2012 6:37pm
FOLKS!
Keep selling/shorting AUDUSD..
Keep it up.
Short it.
Fundamentals dictate we will see a huge drop soon.


.
.
.

SO I can buy it at lower price....
AUDUSD dont seem to follow EUROPEAN Fundamentals.
It does not seem to follow China Fundy as well.
It follows only US Equities. PERIOD! Hell it does not even follow its own fundy.

I will trade AUDUSD on US Equity direction
  • #38,325
  • Jan 2, 2012 7:58pm Jan 2, 2012 7:58pm
Today, I saw one LONG signal in AUD/USD’s daily chart. After few considerations, I decided not to trade the signal. I might be wrong and miss big move, but better than loss money. Of course, you may be able to get some profits from intraday trading, but I don’t have time for intraday trading.
Here is the long signal:
http://lcchong.files.wordpress.com/2...ng?w=837&h=380

Let me share with you about my concerns:
1. In the weekly chart, AUD/USD still in asymmetric triangle which indicates consolidation.
http://lcchong.files.wordpress.com/2...ng?w=837&h=380

2. In the daily chart, there are two resistance zones ahead and quite nearby. Besides, 200SMA is just 100 over pips away.
http://lcchong.files.wordpress.com/2...ng?w=837&h=380

3. Besides, as of now, I notice that liquidity of FX market is still not high.
  • #38,326
  • Jan 2, 2012 7:59pm Jan 2, 2012 7:59pm
Test
  • #38,327
  • Jan 2, 2012 8:21pm Jan 2, 2012 8:21pm
new high coming up.
  • #38,328
  • Jan 2, 2012 8:22pm Jan 2, 2012 8:22pm
getting closer to shorting

still very low liquidity in this market and stocks
  • #38,329
  • Jan 2, 2012 8:26pm Jan 2, 2012 8:26pm
Quoting Halba
getting closer to shorting

still very low liquidity in this market and stocks
lol gluck see you at 1.05 then
  • #38,330
  • Jan 2, 2012 8:31pm Jan 2, 2012 8:31pm
unless a crash comes by default these high yielding currencies, yes eurusd included will always rise. They will fall when shit hits the fan, until then keep buying if you wanna win.
  • #38,331
  • Jan 2, 2012 8:33pm Jan 2, 2012 8:33pm
Quoting sidhujag
lol gluck see you at 1.05 then
my strategy trades with stops sidhu. so if it goes to 1.05 i will just be stopped out. but the chances of it getting to 1.05 look slim with the fundamental situation bleak in europe . i always trade with some sort of confirmation e.g. a failed test of resistance
  • #38,332
  • Jan 2, 2012 8:37pm Jan 2, 2012 8:37pm
why not... have you seen AUD strength even tho EU has fallen? Fundamentals are out the window its kill or be killed now. AUD gives interest and little fish keep shorting it for some dumb reason. These gives it extra incentive to rise... even though it is out of correlation with EU, its a good buy until its back in correlation.

I see it as a buy but gluck, I'm looking at gbpnzd and gbpcad/gbpaud, look like they are going to fall through the floor.
  • #38,333
  • Jan 2, 2012 9:54pm Jan 2, 2012 9:54pm
ive been shitting at AUDUSD for 3 months. aud, eur, china fundamentals are very bleak yet audusd is still above parity. why? why! WHY!?!??

Hmm.. maybe it does not follow fundamentals.. maybe it follows somethng else.

i checked other pairs charts and noticed SPX following AUDUSD or the other way around....

SPX is the key...
  • #38,334
  • Jan 2, 2012 9:56pm Jan 2, 2012 9:56pm
where should we long again? it seems like it's gonna break 1.03.
  • #38,335
  • Jan 2, 2012 9:57pm Jan 2, 2012 9:57pm
Quoting ragnakore
ive been shitting at AUDUSD for 3 months. aud, eur, china fundamentals are very bleak yet audusd is still above parity. why? why! WHY!?!??

Hmm.. maybe it does not follow fundamentals.. maybe it follows somethng else.

i checked other pairs charts and noticed SPX following AUDUSD or the other way around....

SPX is the key...
Carry trade! In forex, the most important fundamental is always interest rate differentials, unless disaster strikes. All other bleak 'funnymentals' would not matter much as funds/big money holders would always look for somewhere to collect easy carries.

In fact, if you can find those charts, Euro in 2010 bottomed when its rate over $ turned up.
  • #38,336
  • Jan 2, 2012 10:18pm Jan 2, 2012 10:18pm
GREAT POINT!

I love this pair for the PA and the roll. even on small positions it adds up and is a nice bonus.

100 pips up or down is no reason to close a carry trade in my eyes, just another day that will likely be taken out by 300 pips later as we have just seen in this pair after the scare selloff day due to the eurozone nonsense.



Quoting Oshawa
Carry trade! In forex, the most important fundamental is always interest rate differentials, unless disaster strikes. All other bleak 'funnymentals' would not matter much as funds/big money holders would always look for somewhere to collect easy carries.

In fact, if you can find those charts, Euro in 2010 bottomed when its rate over $ turned up.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #38,337
  • Jan 2, 2012 10:21pm Jan 2, 2012 10:21pm
The shorts have not been sustained as we have seen. after the dip last week she double bottomed clearly on the H1.

Next rose above the fall start taking out several minor resistances.

I'm looking for a test of 1.100 to come
Quoting sidhujag
why not... have you seen AUD strength even tho EU has fallen? Fundamentals are out the window its kill or be killed now. AUD gives interest and little fish keep shorting it for some dumb reason. These gives it extra incentive to rise... even though it is out of correlation with EU, its a good buy until its back in correlation.

I see it as a buy but gluck, I'm looking at gbpnzd and gbpcad/gbpaud, look like they are going to fall through the floor.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #38,338
  • Jan 2, 2012 10:23pm Jan 2, 2012 10:23pm
Quoting happytrader
where should we long again? it seems like it's gonna break 1.03.

I suggest before to you to follow this thread, great price action, profit already made on AUS-USD or USD-CAD, easy signals, exits, no need for great discussion, or question like "Where we go long again?"



Synergy CRS

It takes a lot for me to IGNORE you, but you can try.
  • #38,339
  • Jan 2, 2012 10:30pm Jan 2, 2012 10:30pm
Quoting happytrader
where should we long again? it seems like it's gonna break 1.03.
Still hv room to move to 1.04 (latest resistance ) ..next resistance 1.08 ,1.1..but i'd like to see a major correction near nxt mth rate decision..
  • #38,340
  • Jan 2, 2012 10:31pm Jan 2, 2012 10:31pm
Man 4 sells in 1.01300 dam
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