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AUD/USD

  • #39,941
  • Edited 2:40am Feb 6, 2012 12:50am | Edited 2:40am
Quoting eqshack
got in nice and easy / running short from 1.0755 STOPLOSS BE going to hold it for long time..hope to earn atleast 250-300 pips

i have closed , keep eye on 32 still 00 break then 20


edit : now 20 should hold up if 20 break , bear loose power
Mohan
  • #39,942
  • Feb 6, 2012 12:53am Feb 6, 2012 12:53am
Quoting forexmy

$US1.50 is entirely plausible, as is parity against the euro.

http://www.smh.com.au/business/dolla...206-1r0yw.html

Cheers for that link, a worth reading piece of simple language fundamental analysis.
Don't get mad, get even!
  • #39,943
  • Feb 6, 2012 1:07am Feb 6, 2012 1:07am
Quoting stulic
Cheers for that link, a worth reading piece of simple language fundamental analysis.
You're welcome.

Just to balance the doom and gloom views painted by the bears to justify their shorts.
  • #39,944
  • Feb 6, 2012 2:38am Feb 6, 2012 2:38am
We are headed towards 1.0682 if we break then 1.0622

1h MACD shows reversal
Attached Image (click to enlarge)
Click to Enlarge Name: eee.gif Size: 32 KB
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #39,945
  • Feb 6, 2012 3:52am Feb 6, 2012 3:52am
changed my mind..took profit at 1.0690 waiting for 1.0730/45 where to enter short
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #39,946
  • Feb 6, 2012 4:01am Feb 6, 2012 4:01am
Quoting eqshack
changed my mind..took profit at 1.0690 waiting for 1.0730/45 where to enter short
well played
i don't think it will come that high , bear should cap move to 20, break of 20 will chance for bull too 50:50
Mohan
  • #39,947
  • Edited 4:58am Feb 6, 2012 4:32am | Edited 4:58am
Quoting mohan76
...bear should cap move to 20,
I'd say 750, to draw a right shoulder in a 30min H&S pattern. Then to ~580. Let's see...

Alternate: if it drops to ~640 directly without retracement, we'll go up.
Use me as a contrarian indicator
  • #39,948
  • Feb 6, 2012 5:00am Feb 6, 2012 5:00am
What about bearish flag in EUR/AUD 15 mn? If ok, there is aroud 150 pips.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #39,949
  • Feb 6, 2012 5:18am Feb 6, 2012 5:18am
Quoting Alki
What about bearish flag in EUR/AUD 15 mn? If ok, there is aroud 150 pips.
Looks yum, same with GBP/AUD, might be worth a try shorting those two and longing AUD/JPY which shows a bullish one.
Might need some help from the RBA tomorrow tho keeping rates on hold
Don't get mad, get even!
  • #39,950
  • Feb 6, 2012 5:41am Feb 6, 2012 5:41am
Quoting stulic
Looks yum, same with GBP/AUD, might be worth a try shorting those two and longing AUD/JPY which shows a bullish one.
Might need some help from the RBA tomorrow tho keeping rates on hold
GBP/AUD begin already an ascending wedge and start to break it. Could be a real breakout or again an other false one? For me it's a false one. It has to go to 1.4720 before. I have too many noise in analyzing this pair actually. Many signals to go down and to go up. I can not short until i have a real signal.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #39,951
  • Feb 6, 2012 5:50am Feb 6, 2012 5:50am
Looking at EUR/GBP, there is a higher probability for Euro to fall, than GBP. I think until no real signal for GBP/AUD, EUR/AUD is safer to short. I could be wrong because nothing is sure in trading.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #39,952
  • Feb 6, 2012 5:52am Feb 6, 2012 5:52am
Quoting Alki
GBP/AUD begin already an ascending wedge and start to break it. Could be a real breakout or again an other false one? For me it's a false one. It has to go to 1.4720 before. I have too many noise in analyzing this pair actually. Many signals to go down and to go up. I can not short until i have a real signal.
We touch 1.4720. What after this? Nice to follow.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #39,953
  • Feb 6, 2012 6:03am Feb 6, 2012 6:03am
Quoting Alki
We touch 1.4720. What after this? Nice to follow.
You can't analyse cross pairs as you'd normally do with majors, correlation tables might be a more useful tool then excessive charting. Levels and fibs are alright as are obvious supports and resistances, but going more technical then that is a waste of time IMHO, cross pairs movements are dictated by majors most of the time.
Don't get mad, get even!
  • #39,954
  • Feb 6, 2012 6:06am Feb 6, 2012 6:06am
Quoting stulic
Looks yum, same with GBP/AUD, might be worth a try shorting those two and longing AUD/JPY which shows a bullish one.
Might need some help from the RBA tomorrow tho keeping rates on hold
Be carefull, AUD/JPY is an harmonic pattern searching for E point and would not be a descending wedge.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #39,955
  • Feb 6, 2012 6:19am Feb 6, 2012 6:19am
Quoting stulic
You can't analyse cross pairs as you'd normally do with majors, correlation tables might be a more useful tool then excessive charting. Levels and fibs are alright as are obvious supports and resistances, but going more technical then that is a waste of time IMHO, cross pairs movements are dictated by majors most of the time.
Why not? Use simple math, and you will discover that you can:

EUR/AUD= (EUR/USD)/(AUD/USD)

GBP/AUD= (GBP/USD)/(AUD/USD)

EUR/GBP= (EUR/AUD)/(GBP/AUD) = (EUR/USD)/(GBP/USD)

With that mathematical logic you can compare any two pairs, even these pairs are also cross pairs.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #39,956
  • Feb 6, 2012 6:29am Feb 6, 2012 6:29am
Quoting Alki
Why not? Use simple math, and you will discover that you can:

EUR/AUD= (EUR/USD)/(AUD/USD)

GBP/AUD= (GBP/USD)/(AUD/USD)

EUR/GBP= (EUR/AUD)/(GBP/AUD) = (EUR/USD)/(GBP/USD)

With that mathematical logic you can compare any two pairs, even these pairs are also cross pairs.
Yeah that's exactly why I said using correlation tables instead of candlestick and chart patterns is a much more preferred strategy.


http://www.investopedia.com/articles...#axzz1lbVYdNng
Don't get mad, get even!
  • #39,957
  • Feb 6, 2012 7:10am Feb 6, 2012 7:10am
Quoting eqshack
changed my mind..took profit at 1.0690 waiting for 1.0730/45 where to enter short
I was in the same trade, short @ 1.0763 and TP 1.0693.
Teaching while learning and learning while teaching
  • #39,958
  • Feb 6, 2012 10:33am Feb 6, 2012 10:33am
Quoting rplacido
I was in the same trade, short @ 1.0763 and TP 1.0693.

well thats nice.. im thinking about going short pretty soon would like to see 1.0745
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #39,959
  • Feb 6, 2012 10:41am Feb 6, 2012 10:41am
Short 500,000 lot until sometime middle march.
  • #39,960
  • Feb 6, 2012 11:32am Feb 6, 2012 11:32am
Quoting JTattheRanch
Short 500,000 lot until sometime middle march.
I think you mean 500.000 units which is 5 standard lots and not 500.000 lots.
Little luck is forex water. Learn all Trading strategies, then forget them.
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