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AUD/USD

  • #40,841
  • Feb 21, 2012 5:21am Feb 21, 2012 5:21am
Quoting Daytrader74
Long @1.0660 TP @1.0685 SL @1.0650
with you mate

Long @ 0665. But S/L @ 0620 with open T/P
  • #40,842
  • Feb 21, 2012 5:31am Feb 21, 2012 5:31am
Quoting Daytrader74
Long @1.0660 TP @1.0685 SL @1.0650
Im right behind you there also. My short will be closing any moment and then Long.
To live a successful life, we must lose our fear of being wrong
  • #40,843
  • Feb 21, 2012 5:51am Feb 21, 2012 5:51am
Quoting astr0
Hang in there mate.

The Dow Jones is also approaching the physiological 13,000 mark, so be interesting to see if this level can be breached as the AUD seems to have a positive colleration. Too bad the ASX doesn't follow suit
Hope that changes soon as I'm long on Aud and short Eur
I'm just a small fish in a large pond; forever swimming against the tide.
  • #40,844
  • Feb 21, 2012 5:52am Feb 21, 2012 5:52am
stochastic at daily usd index chart still heading south.
so I go long @ 0660, S/L @ 0625, open T/P.
  • #40,845
  • Feb 21, 2012 5:55am Feb 21, 2012 5:55am
55 SMMA has been a good support since the beginning of the trend. But what worries be is the trend line break and consolidation after a big uptrend. Anyway, a PB for trend line break would do good for me.

Hope so
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  • #40,846
  • Feb 21, 2012 6:40am Feb 21, 2012 6:40am
Quoting gugun555
definitely no... just bcs you have gap up it doesnt mean we are going further.. we are at the peak now.... my indies still saying it will go down 1.0685, even aussie will hate their currency at that level....
damn..... my TP was eaten..... need to analysis again to open other post....
making money is easy in forex, losing money is even easier...
  • #40,847
  • Feb 21, 2012 6:52am Feb 21, 2012 6:52am
just check aud lite fx indexs .... deep correction
negative divergence on daily tf
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  • #40,848
  • Feb 21, 2012 7:12am Feb 21, 2012 7:12am
Quoting EatPIPs
Im right behind you there also. My short will be closing any moment and then Long.
I was too early @672...TP @740..will close manually if possible...
currently hard moving price...
  • #40,849
  • Feb 21, 2012 7:28am Feb 21, 2012 7:28am
Quoting mrhb30jr
just check aud lite fx indexs .... deep correction
negative divergence on daily tf
Let it be so.
It's the simple things in life that have the most powerful meaning.
  • #40,850
  • Feb 21, 2012 7:36am Feb 21, 2012 7:36am
USD lite fx index rising support TL looks like very solid to growing up ....
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  • #40,851
  • Feb 21, 2012 8:27am Feb 21, 2012 8:27am
Quoting mrhb30jr
just check aud lite fx indexs .... deep correction
negative divergence on daily tf
AUD Lite fx index possibly Three Black Crown ....122 pips daily range , yesterday Candle and Today's.......
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  • #40,852
  • Feb 21, 2012 8:42am Feb 21, 2012 8:42am
Being just a Collie dog, I am not smart enough to study the European debt and figure out if AUD/USD is going up or down. It is all Greek to me. I do understand one fundamental: Buy low, sell high. So when the price is going down because everyone is selling, I am buying. When the price is going up and everyone is buying, I am selling. http://www.forexfactory.com/images/icons/icon7.gif
  • #40,853
  • Feb 21, 2012 9:11am Feb 21, 2012 9:11am
Quoting jerrycollie
Being just a Collie dog, I am not smart enough to study the European debt and figure out if AUD/USD is going up or down. It is all Greek to me. I do understand one fundamental: Buy low, sell high. So when the price is going down because everyone is selling, I am buying. When the price is going up and everyone is buying, I am selling. http://www.forexfactory.com/images/icons/icon7.gif
Just be sure you aren't buying as a strong retrace is occuring.... this thing has been on a tear upwards for weeks now. It's time for some pullback. Once that is exhausted....buy for the long side 'til you can't see straight.:nerd:
It's the simple things in life that have the most powerful meaning.
  • #40,854
  • Feb 21, 2012 9:13am Feb 21, 2012 9:13am
Quoting jerrycollie
I do understand one fundamental: Buy low, sell high. http://www.forexfactory.com/images/icons/icon7.gif
Sounds logical in theory but does not always work out in real life. We have no idea where the low is going to drop to or the which the heights the high will to living as we do in the present.

Only in retrospect can we ascertain where those levels where at. But hey, some of us get a bit lucky and hit it.

I have heard that line for years now and I always ask, " O.K so where is the High and Low going to be at so I will know where to enter or exit the market?"

No one knows.
  • #40,855
  • Feb 21, 2012 9:24am Feb 21, 2012 9:24am
Was not all too long ago many thought 1.45 was low on the EUR/USD.

I thought it was on the high end.
  • #40,856
  • Feb 21, 2012 9:25am Feb 21, 2012 9:25am
Quoting Snarkalarker
Sounds logical in theory but does not always work out in real life. We have no idea where the low is going to drop to or the which the heights the high will to living as we do in the present.

Only in retrospect can we ascertain where those levels where at. But hey, some of us get a bit lucky and hit it.

I have heard that line for years now and I always ask, " O.K so where is the High and Low going to be at so I will know where to enter or exit the market?"

No one knows.
You guys never heard of retracement trading ? When prices hit a strong resistance, they tend to go the other way, obviously they can follow thru and reach new heights/lows. I use the same trading style, but i love to mix fundamentals in.

Any ideas on the why the aud tanked ? There is no fundamental reason for it ? Greek issue almost solved, US pledged low interest rates and even suggested QE3. RBA didnt raise rates....
  • #40,857
  • Feb 21, 2012 9:28am Feb 21, 2012 9:28am
So where is your high when you will sell and exactly where is your low when you will buy?
  • #40,858
  • Feb 21, 2012 9:42am Feb 21, 2012 9:42am
Quoting rnegoro
You guys never heard of re-tracement trading ? When prices hit a strong resistance, they tend to go the other way, obviously they can follow thruogh and reach new heights/lows. I use the same trading style, but i love to mix fundamentals in.

Any ideas on the why the aud tanked ? There is no fundamental reason for it ? Greek issue almost solved, US pledged low interest rates and even suggested QE3. RBA didn't raise rates....
I am long the AUD/USD, DOW up, OIL up, Gold UP, but so is DXY....yet I am confused as to why AUD/USD went down. All I can think of is the fact that DXY is up, but most of the DXY is weighted against the EUR not the AUD. Could it be because also, since Greece got the bailout money, banks are running to the US Dollar for "safety", thus putting strength on the downside pull of the AUD/USD?
100 Pips per day can keep the bosses away.
  • #40,859
  • Feb 21, 2012 10:04am Feb 21, 2012 10:04am
Quoting e585009
I am long the AUD/USD, DOW up, OIL up, Gold UP, but so is DXY....yet I am confused as to why AUD/USD went down. All I can think of is the fact that DXY is up, but most of the DXY is weighted against the EUR not the AUD. Could it be because also, since Greece got the bailout money, banks are running to the US Dollar for "safety", thus putting strength on the downside pull of the AUD/USD?

Check out the euro aud daily chart
  • #40,860
  • Feb 21, 2012 10:52am Feb 21, 2012 10:52am
Waiting for a pullback to form "2" also test the downtrend line , even when greek deal good news came out, price respected the downtrend line.

The pullback atleast should go to 1.0715 , or it can go as high as the former wave 4

This is a hourly pullback to the top , so it should slow for the next 4 hours or so, or even 8 hours...

Target - 1.0500 - 1.0470

Good luck everybody......
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