AUD/USD | Page 1959 | 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

  • #39,161
  • Jan 18, 2012 7:57pm Jan 18, 2012 7:57pm
short from 1.04

going either for 2% risk or 4% profit

last trade of the week
  • #39,162
  • Jan 18, 2012 8:09pm Jan 18, 2012 8:09pm
Quoting Dagobert
How would they handle it, if you had a tight SL at a pending order?

Let's say:

pending buy @ 1.0410
Stop Loss @ 1.0405

Price jumps from 1.0420 immediately down to 1.0402. So the best price "they could fill you at" is 1.0402. Would they do that? Because the available fill price is even below the SL. Without the SL they would do it in my opinion. But they can't open it (fill it) at 1.0402 and close it same time at my SL, can they/would they? Ever tried?

"They" meaning the market?

If its Straight through Processing you will be done at the next price on your stop 1.0410 being 1.0420 and then SL at 1.0402..

Thats commonly known as being whipped or whipsawed

You have to understand the prices are coming from pricemakers mainly banks. Any economic data release will be priced sensitively as the market adjusts positioning.

In your example above your order is not the only order in the market.
Banks get caught with TP orders just as much as SL on whipsaws.
A spike up can trigger selling orders that may not be filled leaving the bank positioned long and scrambling to sell.

Anyone who guarantees stop losses is holding the position.
  • #39,163
  • Jan 18, 2012 9:04pm Jan 18, 2012 9:04pm
Quoting Dagobert
How would they handle it, if you had a tight SL at a pending order?

Let's say:

pending buy @ 1.0410
Stop Loss @ 1.0405

Price jumps from 1.0420 immediately down to 1.0402. So the best price "they could fill you at" is 1.0402. Would they do that? Because the available fill price is even below the SL. Without the SL they would do it in my opinion. But they can't open it (fill it) at 1.0402 and close it same time at my SL, can they/would they? Ever tried?
They would fill your order at 1.0402 and your stop loss at 1.0397 (5 pips away from open).
  • #39,164
  • Jan 18, 2012 9:10pm Jan 18, 2012 9:10pm
Quoting bayfisherman
Crazy news or something, right...missed it.

the news that is...

You read this page, right?

Attached Image (click to enlarge)
Click to Enlarge Name: news1.png Size: 262 KB
It takes a lot for me to IGNORE you, but you can try.
  • #39,165
  • Edited 9:56pm Jan 18, 2012 9:24pm | Edited 9:56pm
Comments on AUD employment is bearish in spite of the fact that the decrease was in Part Time jobs -50k vs +30k fulltime. Secondly, Unemployment improved. Thirdly, previous Unemployment was revised lower (better) as well. But, it was mentioned, that its the weakest employment data in 20 years.



Today, both NZD and AUD are the weak currencies.

Shall we see AUD go below 1.0360 or stay above 1.0400 untill it exhausts itself. Bear in mind, retail trades are very short AUDUSD.
  • #39,166
  • Jan 18, 2012 9:32pm Jan 18, 2012 9:32pm
that occasionally fork it up.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 60m.jpg Size: 148 KB
  • #39,167
  • Jan 18, 2012 9:54pm Jan 18, 2012 9:54pm
posted this on the EU forum already. anyone that uses elliott wave will recognize the fifth wave diagonal here.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie2.gif Size: 16 KB
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #39,168
  • Jan 18, 2012 11:02pm Jan 18, 2012 11:02pm
Wedge/ending diagonal into a double top
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 106 KB
Click to Enlarge Name: EU renko 6.jpg Size: 139 KB
  • #39,169
  • Jan 19, 2012 1:39am Jan 19, 2012 1:39am
Quoting jayjb
short from 1.04

going either for 2% risk or 4% profit

last trade of the week
SL to be+1
  • #39,170
  • Jan 19, 2012 1:43am Jan 19, 2012 1:43am
Quoting jayjb
SL to be+1
I'm with you jayjb, short from 1.0398, just moved my stop to BE +1
Expect the unexpected.
  • #39,171
  • Jan 19, 2012 2:15am Jan 19, 2012 2:15am
is there currently a bullish divergence on audusd 1hr charts, or am i just seeing things?
  • #39,172
  • Jan 19, 2012 2:29am Jan 19, 2012 2:29am
Quoting rustyram
What is your target for the up move .
Looks like finally it going to move north....

All those patient people, you payout is comming be patient....

After some some up move, will move the SL to BE.
PPP - Patience Pays PIPS
  • #39,173
  • Jan 19, 2012 2:35am Jan 19, 2012 2:35am
Quoting rustyram
Looks like finally it going to move north....

All those patient people, you payout is comming be patient....

After some some up move, will move the SL to BE.
-But first price will go to my Tp @ 1.0308
Expect the unexpected.
  • #39,174
  • Jan 19, 2012 2:52am Jan 19, 2012 2:52am
Quoting fx-rocket
-But first price will go to my Tp @ 1.0308
Rocket, and to all who are short AUDUSD right now,

Why are you short?
a. was it because of bad employment data?
b. was it because it failed to break higher hitting a brick wall 1.0430?
c. was it because of profit taking?
  • #39,175
  • Jan 19, 2012 3:04am Jan 19, 2012 3:04am
yay i closed my long order... second one of the day.

first one 6.5 pip loss.

this one 8 pip gain

i have learnt my lesson not to trade during news time
  • #39,176
  • Jan 19, 2012 3:15am Jan 19, 2012 3:15am
Quoting ragnakore
Rocket, and to all who are short AUDUSD right now,

Why are you short?
a. was it because of bad employment data?
b. was it because it failed to break higher hitting a brick wall 1.0430?
c. was it because of profit taking?
option D: a combination of the above factors and more that lead to the conclusion that the pair is overvalued.

not that im short, but i am bearish
  • #39,177
  • Jan 19, 2012 3:18am Jan 19, 2012 3:18am
Quoting ragnakore
Rocket, and to all who are short AUDUSD right now,

Why are you short?
a. was it because of bad employment data?
b. was it because it failed to break higher hitting a brick wall 1.0430?
c. was it because of profit taking?
I got stopped out at BE+1 on that short.
I was short because I was banking on a double top @ 1.0440, so yeah,your option b.

ill be looking to go long above 1.0440...
Expect the unexpected.
  • #39,178
  • Jan 19, 2012 3:20am Jan 19, 2012 3:20am
i have heard since 2010 that AUD is overvalued and should be worth 0.90 only. yet this is shooting beyond parity, beyond 1.1000 and wanting to be parity with EUR even.

though i am bearish on AUDUSD, i have not made money shorting this pair at all. win some lose the same.

But at 1.0400 i figure it is high time for a drop too heavy.

But the big money want to push it higher everytime we add short
  • #39,179
  • Jan 19, 2012 3:24am Jan 19, 2012 3:24am
looks like it will hang around 1.0395~0400
  • #39,180
  • Jan 19, 2012 3:33am Jan 19, 2012 3:33am
To the people who are long, I wish all the best, but besides all your TA you have to do some FA as well. Australia cannot function for long when the rate is above parity. Tourism and exports (farming produce mainly) cannot compete in this market. These two sectors employ a large % of the population.

Do a bit of research and have a look at what things cost here and what things cost in the USA. I know the USD is struggling, but the AUD is ridiculously over valued. You can definatly make a bit of money going long in the short term, but there is no way the AUD can survive being above parity.
23 traders viewing now