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AUD/USD

  • #39,281
  • Jan 21, 2012 6:43am Jan 21, 2012 6:43am
Quoting UKtraderFX
Hi Hussain, I'm new like you as well (on the forums anyways!)

I have been trading this pair for the last few years so I pretty much understand the market.

Basically, don't be fooled by the market going up. It can go higher, but it won't break certain levels. I believe you can't have small stop losses because you will always get stopped out, like our good friend ragnakore has discovered in the last few days.

Basically, my position in the market is short.

I have sold at 1.0385 and I will take profit at 1.0350. My stop loss is at 1.0666

My...
Hey,
i tend to agree wid u... the sentiment in the market is +ve ... however its gonna get diff to brk certain resistance levels here on. I personally am thinking of placing short trades arnd the 1.05 range and get out arnd 1.043.
Ur absolutely ryt abt mkts changing direction pretty quickly... i'm eagerly waiting for tht u-turn http://www.forexfactory.com/images/icons/icon12.gif
  • #39,282
  • Jan 21, 2012 8:09am Jan 21, 2012 8:09am
In the weekly chart, there is bullish breakout from asymmetric triangle; and at the same time, in the daily chart, there is a bullish breakout from ascending triangle. The next resistance zone is from 1.0751 to 1.0764. On Monday, I will create a long order.


http://lcchong.files.wordpress.com/2...ng?w=837&h=379


http://lcchong.files.wordpress.com/2...ng?w=837&h=380
  • #39,283
  • Jan 21, 2012 11:51am Jan 21, 2012 11:51am
Hi all,

after having followed this forum for approx 6 months, I have an urge to put my thoughs in here for you ( maybe more for me?), appreciate any feedback & criticism.

Being an advanced novice in FX ( trading for just about 1,5 years) i am a bit surprised by all the AUDUSD bulls out here, The AUDUSD is certainly trying, you can’t fault that. In the scheme of things however the little battler is starting to show signs of fatigue as the move higher has been slowed down IMO significantly as of late. without much TA, i´would say that around 1,0480-ish we should see a temporary setback.

based on macroeconomics out of Australia (inflation, employment,commodity demand), slowdown of parts of Europe (its only parts, not all counties after all) and an increasingly optimistic situation out of the US ( if the US is sustainable is a different matter and discussion) Personally I went short with an average of 1.0478 and expect to be holding this one for a while. SL is placed at 1.0510 ( daily close+, not one time hit)

in advance, apologies for the lack of deeper TA, most of my Fx trading is FA based with TA as secondary support.
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  • #39,284
  • Jan 21, 2012 12:56pm Jan 21, 2012 12:56pm
To Rise or not to Rise This is the Question

12h

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But in Lower time frames a correction has been expected
I used to be somebody , now I am somebody else
  • #39,285
  • Jan 21, 2012 5:41pm Jan 21, 2012 5:41pm
Keep an Eye on the news at 7:30 EST for AUD.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #39,286
  • Jan 22, 2012 8:54am Jan 22, 2012 8:54am
Quoting Wonsome
Hi all,

after having followed this forum for approx 6 months, I have an urge to put my thoughs in here for you ( maybe more for me?), appreciate any feedback & criticism.

Being an advanced novice in FX ( trading for just about 1,5 years) i am a bit surprised by all the AUDUSD bulls out here, The AUDUSD is certainly trying, you can’t fault that. In the scheme of things however the little battler is starting to show signs of fatigue as the move higher has been slowed down IMO significantly as of late. without much TA, i´would say that around 1,0480-ish...


...personally i share your thoughts...i'm holding my short position also..primarly based on FA..if you look at the chart you'll see 76,4% fib resistance on daily, previous significant high-low...we will see if it's false or true breakout of daily-weekly trend
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  • #39,287
  • Edited 10:39am Jan 22, 2012 9:42am | Edited 10:39am
I'll be watching this closely as well. Be aware that it is VERY common for wave "E" to extend beyond TL before reversal.
USD/CAD represents an example in progress.
And yet an even better example in progress on GU.
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" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #39,288
  • Jan 22, 2012 10:48am Jan 22, 2012 10:48am
been messing around with some daily charts...looks like we are at areas across the board on dollar pairs.

These are my commodity currencies and correlated markets.
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  • #39,289
  • Jan 22, 2012 11:21am Jan 22, 2012 11:21am
..over the last 3 months, correlation between aussie and copper was pretty steady (over 80% most of the time)..

look at this steep divergence in the charts.. some of the two or at least both will likely give in.... copper is usually the less volatile buddy here, i expect both will meet somewhere in the middle...we can't say when, but any further aussie rally should be short lived

http://picshare.at/IMG/1327249774_aussiecopper.jpg
  • #39,290
  • Jan 22, 2012 11:52am Jan 22, 2012 11:52am
To me it looks like it is copper that will catch up on the bullishness. I have it on my watch list for a buy ASAP.


Quoting torkay77
..over the last 3 months, correlation between aussie and copper was pretty steady (over 80% most of the time)..

look at this steep divergence in the charts.. some of the two or at least both will likely give in.... copper is usually the less volatile buddy here, i expect both will meet somewhere in the middle...we can't say when, but any further aussie rally should be short lived

http://picshare.at/IMG/1327249774_aussiecopper.jpg
Patience is magic
  • #39,291
  • Jan 22, 2012 12:16pm Jan 22, 2012 12:16pm
AUD/USD just drop 30 PIPS
EUR/USD just drop 40 PIPS
  • #39,292
  • Jan 22, 2012 1:09pm Jan 22, 2012 1:09pm
Quoting aarontdang
AUD/USD just drop 30 PIPS
EUR/USD just drop 40 PIPS
I know I can't access my charts until 4:00 CST but there is always a gap before seems like it starts trading somewhere around 1 or so...where can you access that information...the premarket action?
  • #39,293
  • Jan 22, 2012 2:06pm Jan 22, 2012 2:06pm
Quoting bayfisherman
I know I can't access my charts until 4:00 CST but there is always a gap before seems like it starts trading somewhere around 1 or so...where can you access that information...the premarket action?

http://www.oanda.com/

Its a indication of where the price will open
  • #39,294
  • Jan 22, 2012 2:58pm Jan 22, 2012 2:58pm
http://www.xe.com is also good for quotes on weekends and holidays.
  • #39,295
  • Jan 22, 2012 3:11pm Jan 22, 2012 3:11pm
Morning fellas. Market will open in about an hour. This upcoming week I expect to gain 200 pips from five selective AU trades and for this Monday I expect to get a simple setup. Good luck for us all
The tone of your words reflects the quality and result of your trading ;-)
  • #39,296
  • Jan 22, 2012 3:55pm Jan 22, 2012 3:55pm
Quoting isaacyassar
Morning fellas. Market will open in about an hour. This upcoming week I expect to gain 200 pips from five selective AU trades and for this Monday I expect to get a simple setup. Good luck for us all
Care to elaborate?
Personally, I'm bearish per charts I posted on previous page but I will wait for confirmation.
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #39,297
  • Jan 22, 2012 4:22pm Jan 22, 2012 4:22pm
AUD/USD @ 1.0490

Well this little baby loves to fly and the break out of 1.0435-50 has given it legs. This has caught many off guard despite the poor local economic data.
Res @1.0500 and 1.0535 support 1.0450 1.0405


EUR/AUD @1.2275

This has slipped again finding it difficult to get above 1.2500 as trend remains strong.
1.2200 remains the downside break out point.

GBP/AUD @1.4825

Stand clear until 1.4700 breaks convincingly.

Good luck
  • #39,298
  • Jan 22, 2012 4:26pm Jan 22, 2012 4:26pm
sell aud/usd its headed 150pip down it has re-corrected on charts yet euro and rest havent... its gone be trading 1.5% lower today dowj headed for 200-250pip crash sell sell sell
  • #39,299
  • Jan 22, 2012 9:29pm Jan 22, 2012 9:29pm
Sell
Sell at 1.0478
Take profit* at 1.0432
Stop loss at 1.0512
very nice, good price..!
  • #39,300
  • Jan 22, 2012 9:33pm Jan 22, 2012 9:33pm
Can not see a strong reversal from aussie (d1 - h1 )..looks like it's till on it's way to 1.05 - 1.07 area..
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