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AUD/USD

  • #41,761
  • Mar 12, 2012 5:26pm Mar 12, 2012 5:26pm
Quoting e585009
I guess the terms OVERSOLD and OVERBOUGHT don't mean a damn thing anymore. How in the can the US dollar be so strong? Dollar is wet toilet paper!!!!

take a look at the weekly USD graph.. also try to understand that BOJ and SNB have already said you can't use our currency as a safe haven... other than USD there is no other official one. AUD/CAD are a close second. But second never counts.
  • #41,762
  • Mar 12, 2012 5:39pm Mar 12, 2012 5:39pm
Quoting sidhujag
take a look at the weekly USD graph.. also try to understand that BOJ and SNB have already said you can't use our currency as a safe haven... other than USD there is no other official one. AUD/CAD are a close second. But second never counts.
They should buy Gold as their haven, but I guess they each take turns. Why not CNY as save haven, they own all the US T-Bills, hahahaaa
100 Pips per day can keep the bosses away.
  • #41,763
  • Mar 12, 2012 5:59pm Mar 12, 2012 5:59pm
1 hour, 30 minutes to go, then down to hell. That has been the current happenings, so why change today ....
100 Pips per day can keep the bosses away.
  • #41,764
  • Mar 12, 2012 6:27pm Mar 12, 2012 6:27pm
Quoting e585009
I guess the terms OVERSOLD and OVERBOUGHT don't mean a damn thing anymore. How in the can the US dollar be so strong? Dollar is wet toilet paper!!!!
The US dollar isnt really that strong.
All we are seeing is discarding in the short term plays of risk.

The overall BIG trend is up for the AUD.

Intraday trading is about weighing up the sensitive side and trading off it.

Where as many newbies trade a short term view off a long term trend

Here is an exercise for the newbies..

Write down what you think the range is going to be for the day.

Enter a buy and a sell 5 pips within that range with TP's matching the opposites. Leave SL's 15 pips outside of your range.
Dont touch them despite what is happening in the market..
You maybe surprised..
  • #41,765
  • Mar 12, 2012 6:35pm Mar 12, 2012 6:35pm
Quoting lasty
The US dollar isnt really that strong.
All we are seeing is discarding in the short term plays of risk.

The overall BIG trend is up for the AUD.

Intraday trading is about weighing up the sensitive side and trading off it.

Where as many newbies trade a short term view off a long term trend

Here is an exercise for the newbies..

Write down what you think the range is going to be for the day.

Enter a buy and a sell 5 pips within that range with TP's matching the opposites. Leave SL's 15 pips outside of your range.
Dont touch them...
Thanks, I'm glad their are people on here who understand some of us new people will react with emotion, when we just need to calm down and learn from the pros..
100 Pips per day can keep the bosses away.
  • #41,766
  • Mar 12, 2012 6:37pm Mar 12, 2012 6:37pm
Quoting mrbandwidth
Possible inverted H&S at 3 min...

Theorical target ~ 530

Shazam!!!!
Use me as a contrarian indicator
  • #41,767
  • Mar 12, 2012 6:40pm Mar 12, 2012 6:40pm
Quoting mrbandwidth
Shazam!!!!

What's next? ... Is an inverted Head and Shoulders a Uptrend pattern?
100 Pips per day can keep the bosses away.
  • #41,768
  • Mar 12, 2012 7:02pm Mar 12, 2012 7:02pm

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  • #41,769
  • Mar 12, 2012 7:27pm Mar 12, 2012 7:27pm
Dollar INDEX movement is showing that people are putting their shorts on, waiting for missed numbers from Australia housing....
100 Pips per day can keep the bosses away.
  • #41,770
  • Mar 12, 2012 7:29pm Mar 12, 2012 7:29pm
Quoting e585009
They should buy Gold as their haven, but I guess they each take turns. Why not CNY as save haven, they own all the US T-Bills, hahahaaa
gold is going to 2300 and silver to 100
  • #41,771
  • Mar 12, 2012 9:34pm Mar 12, 2012 9:34pm
Quoting aqeelaputra

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  • #41,772
  • Mar 12, 2012 9:42pm Mar 12, 2012 9:42pm
Quoting e585009
Dollar INDEX movement is showing that people are putting their shorts on, waiting for missed numbers from Australia housing....

a red report for housing index....seems things don't walk as they expected...as they told before about "structural change" LOL...
  • #41,773
  • Mar 12, 2012 9:55pm Mar 12, 2012 9:55pm
Quoting rustyram
Though AUD kept going lower and lower...EUR/USD did not follow suit, this makes me think that it AUD will soon bottom out, 1.0470 would be nice place to bottom out, as it is .38% of daily wave 3.

Here bulls should show up, take us to the highs around 1.0850 area....
If it move follows a ABC as mentioned in the graph, then once it reaches 1.0850 area it should fall again. If not we have to wait and see.

I am going long at 1.0470, TP - 1.0700 , Stop - 1.0400
I missed my entry by 5 Pips, i am kicking myself.
Now i have to find my entry point at the lower timeframe 5m/15m.

Looks like 5m has to pullback to wave 4, which comes around 1.0510

Long @ 1.0520
STOP @ 1.0470
TP@ 1.0700 or 1.0650
PPP - Patience Pays PIPS
  • #41,774
  • Mar 12, 2012 10:21pm Mar 12, 2012 10:21pm
I am waiting on the AUD/USD to retrace to the 1.0570 area before taking a short trade after price action conformation.
The weak fall by the wayside.
  • #41,775
  • Mar 12, 2012 11:58pm Mar 12, 2012 11:58pm
AUD/USD outlook
Daily Pivots: (S1) 1.0538; (P) 1.0600; (R1) 1.0637

Sell at 1.0559
Take profit* at 1.0512
Stop loss at 1.0592
very nice, good price..!
  • #41,776
  • Mar 13, 2012 12:00am Mar 13, 2012 12:00am
looks like price stalling around 1.0550 won't see a break in either direction until Euro session
  • #41,777
  • Mar 13, 2012 12:17am Mar 13, 2012 12:17am
Quoting Zeroh
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
I remember i posted this 3 weeks ago and everyone Was like OMG HOW CAN YOU SHORTT lololol....
okay maybe 1.03 wont get hit
  • #41,778
  • Mar 13, 2012 12:51am Mar 13, 2012 12:51am
Quoting Zeroh
I remember i posted this 3 weeks ago and everyone Was like OMG HOW CAN YOU SHORTT lololol....
okay maybe 1.03 wont get hit
Whatever works for you, it offered a short and you took it and made money from it, that is what it's all about.
I exited shorts at 490, waiting to see what is offered, with 500, 550 and 600 at play and 5 min charts uptrending, medium term the previous high of 670 and the low of 470 the levels to break.
Biggest joker
  • #41,779
  • Mar 13, 2012 3:27am Mar 13, 2012 3:27am
Seen Xauusd, Sir?

Quoting egkid
I know this site not answering my question because no gold there only currencies

Thanks any way
Patience is magic
  • #41,780
  • Mar 13, 2012 5:00am Mar 13, 2012 5:00am
Could work if that broken trendline stops being difficult. We did just make a new market high on the 1HR
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