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AUD/USD

  • #41,241
  • Mar 1, 2012 11:59am Mar 1, 2012 11:59am
4h and 1h channel .. looks nice for a long... however...
this pair is too strong right now.. its been rangin for a while already.. even if it goes any higher than 1.10 alltime high.. it will be done gradually.. shorts at these levels r safe i'd say .. even if it shoots up.. its at such high price that it will b force to go back down.. just to make a gradual uptrend... its just a natural sequence .. i dont see a loss if u short it and give big s.l .. like i said it aint gonna shoot up 300 pips all of a sudden... not at these levels for that matter.. so even if it goes up.. there a lot of pips to be made thru the fluctuation.. and best case scenario,,, it tanks...goes all the way down and u can make hundreds n hundreds of pips.. and remember to fall.. it doesnt have to fluctuate.. again. specially at such high levels .. a suddent fall could mean 300 pips or even more in no time... ill b lookin for an entry to short if it breaks 1.08 .. dont need any specific pattern... PRICE level is more than enuff in this particular case...
  • #41,242
  • Mar 1, 2012 3:00pm Mar 1, 2012 3:00pm
Will the bull make it to 1.0858...this week?
100 Pips per day can keep the bosses away.
  • #41,243
  • Mar 1, 2012 4:32pm Mar 1, 2012 4:32pm
Quoting e585009
Will the bull make it to 1.0858...this week?
the week ends tonight!
trading is my zen
  • #41,244
  • Mar 1, 2012 4:47pm Mar 1, 2012 4:47pm
Quoting e585009
Will the bull make it to 1.0858...this week?
Yep
  • #41,245
  • Mar 1, 2012 5:35pm Mar 1, 2012 5:35pm
hi guys,

there's a daily hanging man candlestick yesterday. do you think AUD push through 1.0860 today?

yesterday was a hell of a trading day for me. hopefully today's a good one.
  • #41,246
  • Mar 1, 2012 5:44pm Mar 1, 2012 5:44pm
isn't AUDUSD on consolidation since the 8th of Feb?

my guess is it will fall next week on cash rate decision

I'm expecting the RBA gonna cut the interest rate
  • #41,247
  • Mar 1, 2012 6:03pm Mar 1, 2012 6:03pm
Long 1.0803, SL 1.0783, Tp 1.0880
Expect the unexpected.
  • #41,248
  • Mar 1, 2012 6:09pm Mar 1, 2012 6:09pm
fx-rocket,,,

Really, wow, fingers crossed it does goes that high.

I have a long position @ 1.07630 and @ 1.07445. Being a little greedy wanting 500+ pips.


------------------------------------------------------

I have really good days, and really bad weeks.

------------------------------------------------------
A genius is born every minute, me I am lucky if my socks match.
  • #41,249
  • Mar 1, 2012 6:24pm Mar 1, 2012 6:24pm
Quoting whackdiddy
fx-rocket,,,

Really, wow, fingers crossed it does goes that high.

I have a long position @ 1.07630 and @ 1.07445. Being a little greedy wanting 500+ pips.


------------------------------------------------------

I have really good days, and really bad weeks.

------------------------------------------------------
aussie is a very bullish currency, it'll just keep on getting higher and higher if there's no bad news.

i like the last sentence. i can relate to that. do you think the asian session is getting slower and slower by the day?

it wasn't like this last year.
  • #41,250
  • Mar 1, 2012 6:29pm Mar 1, 2012 6:29pm
Quoting fx-rocket
Long 1.0803, SL 1.0783, Tp 1.0880
very good rr you got there. 1:4.
  • #41,251
  • Mar 1, 2012 6:43pm Mar 1, 2012 6:43pm
fx-rocket and happytrader what timeframe do you guys trade by?
  • #41,252
  • Mar 1, 2012 6:48pm Mar 1, 2012 6:48pm
Quoting Rokz
fx-rocket and happytrader what timeframe do you guys trade by?
fx-rocket is the pro, i'm... still learning. i am adjusting to trading higher time frames, hourly and daily time frame.

i used to look at 15 min chart for the "big picture" but now i've learned to look at daily, 4h, 1 h and 15 min is used for execution of trades.
  • #41,253
  • Mar 1, 2012 6:48pm Mar 1, 2012 6:48pm
Quoting Rokz
fx-rocket and happytrader what timeframe do you guys trade by?
Daily and 3h...
Expect the unexpected.
  • #41,254
  • Mar 1, 2012 6:51pm Mar 1, 2012 6:51pm
HappyTrader,,,

I am your yin, or is it yang.. I am a doomsday trader, I think the asain market is not far from crashing, I think the aussie is not far from crashing and hitting a similar scenario to that of the US a few years back.
"The recession we had to have"...

Mind you I have been saying this for about four years now or longer..

I dont think the aussie can stay that high for too long, mining and tourism will suffer and at some stage aussies will wake up and ask why we buy a pair of jeans at 110 dollars a pair when the same pair in the US is 30 dollars, same with Nike shoes..
We get ripped off, so more and more people are buying online from the US.
Which is funny really, made in china, shipped to the US and then shipped back to Aus and still cheaper...

Microsoft Office Professional from the Aussie site.. = $849.00
http://www.microsoftstore.com.au/sho...fessional-2010
Microsoft Office Professional from the US site.. = $349.00
http://www.microsoftstore.com/store/...ctID.236557400
A genius is born every minute, me I am lucky if my socks match.
  • #41,255
  • Mar 1, 2012 6:54pm Mar 1, 2012 6:54pm
the daily chart reminds me of the euro daily chart when it dropped from 45 to 31
  • #41,256
  • Mar 1, 2012 7:00pm Mar 1, 2012 7:00pm
Quoting grandia
isn't AUDUSD on consolidation since the 8th of Feb?

my guess is it will fall next week on cash rate decision

I'm expecting the RBA gonna cut the interest rate
Thats good. But What is the main points that you think the RBA will cut its rate at the next time.

Remember that they unchanged at the last time with cutting expectation from the market.

You should make your points of view by FA evidences. Thank a lot.
Trade your plan.
  • #41,257
  • Edited 7:57pm Mar 1, 2012 7:41pm | Edited 7:57pm
Quoting whackdiddy
Mind you I have been saying this for about four years now or longer..

I dont think the aussie can stay that high for too long, mining and tourism will suffer and at some stage aussies will wake up and ask why we buy a pair of jeans at 110 dollars a pair when the same pair in the US is 30 dollars, same with Nike shoes..
We get ripped off, so more and more people are buying online from the US.
Which is funny really, made in china, shipped to the US and then shipped back to Aus and still cheaper...

Microsoft Office Professional...
But how is having a lower aud going to make the prices cheaper ? It will do the opposite.

Quoting grandia
isn't AUDUSD on consolidation since the 8th of Feb?

my guess is it will fall next week on cash rate decision

I'm expecting the RBA gonna cut the interest rate
I don't think there will be a rate cut this time. Didn't the main Australian banks just raise their lending rates last week ?
  • #41,258
  • Mar 1, 2012 7:53pm Mar 1, 2012 7:53pm
i think, since ltro is basically the same as qe1 and 2, aud will run to 1.12 unless rba shock everyone with an intervention
  • #41,259
  • Mar 1, 2012 8:00pm Mar 1, 2012 8:00pm
Forex-My

Sorry I went a bit off track there.. A lower AUD will not make items cheaper, I was mealy saying that aussies are starting to work out that you can buy things from overseas cheaper than here in Aus... So the more money flowing out of Aus into other countries will slowly weaken our dollar.
A genius is born every minute, me I am lucky if my socks match.
  • #41,260
  • Mar 1, 2012 9:14pm Mar 1, 2012 9:14pm
trading higher time frame isn't as exciting and nerve breaking as a 5 or 10 min chart.

it takes a lot of patience.... and it takes hours for a signal to appear. that also means you'll have less trades per week, less trades per day and less losing trades.
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