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AUD/USD

  • #40,621
  • Feb 16, 2012 9:53am Feb 16, 2012 9:53am
Price has been ranging between 1.0750 and 1.0680 this week.

If price closes above that red line on my chart, we could see a move higher and retest 1.0750 yet again and from there, its anyone's guess. Would love to close it above 1.0750 and stay there for another attempt for 1.0800

With US interest kept to a low, im sure its the best option to buy Aussie rather than to sell it.

Good luck all!
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  • #40,622
  • Feb 16, 2012 9:54am Feb 16, 2012 9:54am
Quoting Snarkalarker
My good man, if you have to ask that question ....

Study and believe in your own dear thoughts.
just a survey.....for me it's 50/50
  • #40,623
  • Feb 16, 2012 9:59am Feb 16, 2012 9:59am
on H4 chart the price is below SMA 50 (between sma 200 and 50)..so I am more likely for short ..but ..market decided
  • #40,624
  • Feb 16, 2012 10:37am Feb 16, 2012 10:37am
I don't wanna sound smug or anything...

but asking is it going short or long is completely meaningless...

what you should be asking yourself is, if it does go one way or another what will you do.

As long as you dont have a plan about what to do before it happens, you will keep trading emotionally cause RIGHT NOW you can find many rationales why go long or short at something....usually wrong ones....

Trading is NOT about deciding what you should do NOW. you should have already knew what should you do know like half a day or half an hour ago depending on your tf and strategy.

Make a good plan, set some good rules. see what happens. just my 2cents
  • #40,625
  • Feb 16, 2012 11:42am Feb 16, 2012 11:42am
Aud/USD,Daily View,1Hour chart(16.02), London close

Bullish Probability,if price breaks and confirms 1.074(confluence between 200SMa and Daily R1 Pivot) then it could break the downtrend and continue upside to 1.081(confluence between Monthly r1 pivot and Daily r2) and 1.086(confluence between Weekly r1 Pivot and Daily r3 Pivot).


Bearish Probability if the 1.075(key-level will hold as resistence) will turn back down to 1.07(Weekly Main Pivot,Daily Main Pivot and confluence between 100,500 and 30SMa) and further downside to 1.064(daily r1 Pivot)and 1.06(confluence between Weekly s1 Pivot and Daily s2 Pivot)

Doctortyby
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  • #40,626
  • Feb 16, 2012 12:07pm Feb 16, 2012 12:07pm
Short now @1.075. You get a decent price while its ranging RUN if 1.08 - 1.085 gets broken
Tgt 1.03/ below
my pos @ 1.08
  • #40,627
  • Feb 16, 2012 12:09pm Feb 16, 2012 12:09pm
Quoting fizmhd
I hav some trades of aud/usd of buy at 1.0727 .... wat will happen to aud/usd after news ...will it rise ..or fall ..

any advice plz ...
Hope you made good of the upmove...

Olu
If you think you can or cannot do it you are correct
  • #40,628
  • Feb 16, 2012 2:31pm Feb 16, 2012 2:31pm
Originally Posted by fizmhd
I hav some trades of aud/usd of buy at 1.0727 .... wat will happen to aud/usd after news ...will it rise ..or fall ..

any advice plz ...

News? who knows
if i were you get out now, or reduce your position have a very SMALL pos if you insist on long
Market @ 1.075 ish now you are still in the money so reduce reduce!

If i were you, put a small Short @ 1.075

Market is Range trading atm, however bullish trend has weakened very much 1.085 is our short term top.

Dailys tell me Real money have shorted @ 1.085 Area, and been trapping rallies.
Clear break of 1.065 will almost confirm Bear Trend and this thing will go lower, who knows 1.03? even below 1.0...

Overall risk off sentiment since 1.085 btw
  • #40,629
  • Feb 16, 2012 2:55pm Feb 16, 2012 2:55pm
Quoting Ggenevu
What do you think? short or long?
Short, but you already missed the move down and opportunity to short @ 1.08 area. So short but with Small Position because 1.075 is okay but not ideal. if 1.085 break you get out.

if 1.08 break its likely 1.085 will break too, REAL money have their positions between 1.08 - 1.085. When they run YOU run.
TGT 1.03 and below in about 2 weeks ish

If 1.065 breaks this week we are GOLDEN

most likely day traders been ranging this pair up and down between 1.075 - 1.065 this week, but who knows...
  • #40,630
  • Feb 16, 2012 3:26pm Feb 16, 2012 3:26pm
Quoting Zeroh
Short, but you already missed the move down and opportunity to short @ 1.08 area. So short but with Small Position because 1.075 is okay but not ideal. if 1.085 break you get out.

if 1.08 break its likely 1.085 will break too, REAL money have their positions between 1.08 - 1.085. When they run YOU run.
TGT 1.03 and below in about 2 weeks ish

If 1.065 breaks this week we are GOLDEN

most likely day traders been ranging this pair up and down between 1.075 - 1.065 this week, but who knows...
merci
  • #40,631
  • Feb 16, 2012 3:32pm Feb 16, 2012 3:32pm
Quoting fx-rocket
Short 1.0663, Sl 1.0704, Tp 1.0543
Bad call, stopped out, lost 41 pips...
Expect the unexpected.
  • #40,632
  • Feb 16, 2012 3:45pm Feb 16, 2012 3:45pm
Quoting fx-rocket
Bad call, stopped out, lost 41 pips...
never short AU lol
  • #40,633
  • Feb 16, 2012 3:53pm Feb 16, 2012 3:53pm
Quoting sidhujag
never short AU lol
... and more importantly not at 1.0663 at this time
  • #40,634
  • Feb 16, 2012 4:22pm Feb 16, 2012 4:22pm
Quoting sidhujag
never short AU lol
Never say 'never'.

I'm short, but at the top of it's current range (1.07461). Been tested 5 times so far and the Aud better not get lucky on the 7th attempt !
I'm just a small fish in a large pond; forever swimming against the tide.
  • #40,635
  • Feb 16, 2012 5:14pm Feb 16, 2012 5:14pm
I reckon I'm not the only one here to:

Short 1.0760, Sl 1.0790, Tp 1.0658
Expect the unexpected.
  • #40,636
  • Feb 16, 2012 5:39pm Feb 16, 2012 5:39pm
Quoting fx-rocket
I reckon I'm not the only one here to:

Short 1.0760, Sl 1.0790, Tp 1.0658
On the same train as you bud
To live a successful life, we must lose our fear of being wrong
  • #40,637
  • Feb 16, 2012 5:47pm Feb 16, 2012 5:47pm
Quoting EatPIPs
On the same train as you bud
If it works, its' almost to easy to be true...
I guess we are about to find out...
Expect the unexpected.
  • #40,638
  • Feb 16, 2012 5:58pm Feb 16, 2012 5:58pm
Audusd has been testing the demand area 3x already. if could go down, I guess a new low around 1.056x or it could go up to new high @1.078x before next move down...I could be wrong...
  • #40,639
  • Feb 16, 2012 6:03pm Feb 16, 2012 6:03pm
Follow the green and red ribbons. A new green ribbon is forming. It's going higher.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #40,640
  • Feb 16, 2012 6:07pm Feb 16, 2012 6:07pm
Quoting Jacques Sai
But most of the cut lost trade is always juz couple of pips and bounces back. Nof sure FX meant for me. So far lost almost a million in 6 months. Earlier USD120,000 is morning trade and less than 5 hours lost this amount. Gosh... Anyone can guide me technically and I will pay for the service. Thanks to all. If you guys want proof, I can attached my statement
There are many out there in the market who will do this for a service. Who knows they may use your money to trade and lose all of it? I've learned the hard way that FX is not easy. I was earning big profits because I had a very big capital then. Eventually, I lost it all to the market. It's just a matter of time you will lose it all since you are clearly a newbie in this. I was told it will take 3-5 years to graduate and a lifetime to learn trading.
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