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AUD/USD

  • #42,141
  • Mar 20, 2012 11:51pm Mar 20, 2012 11:51pm
Quoting mkshoaib
Closed long 1.0550, Short 1.0550
close short & long 1.0485
  • #42,142
  • Mar 21, 2012 3:27am Mar 21, 2012 3:27am
Here we go again:
Long @ 1.0510, Sl 1.0470, Tp 1.0600
Expect the unexpected.
  • #42,143
  • Mar 21, 2012 4:08am Mar 21, 2012 4:08am
Quoting fx-rocket
Here we go again:
Long @ 1.0510, Sl 1.0470, Tp 1.0600
are u sure?
  • #42,144
  • Mar 21, 2012 7:54am Mar 21, 2012 7:54am
Possible bullish div at 10min...
Use me as a contrarian indicator
  • #42,145
  • Mar 21, 2012 8:00am Mar 21, 2012 8:00am
Quoting Daytrader74
OK, you buy or you sell?
buy, but beware: sometimes they fail.
Use me as a contrarian indicator
  • #42,146
  • Mar 21, 2012 8:01am Mar 21, 2012 8:01am
Attached Image (click to enlarge)
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For anyone that has used the Gann High-low activator, it is very accurate. Now, weekly aussie is below it, portending a big move down from these levels. USD very bullish as its breaking above kumo cloud, I use sigtrader to analyze the spot USD index which shows the real FX market not futures which can diverge from spot:

Attached Image (click to enlarge)
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Skype: heliosphan187
  • #42,147
  • Mar 21, 2012 8:25am Mar 21, 2012 8:25am
I'd like to mention this as well. During the Asian open (which is early evening my time, EST USA), Ray Barros a noted technical analyst -> http://www.educatedanalyst.com/ray-barros was a guest on the cnbc world TV show cashflow. I sent a message asking him what he thought about aussie and surprisingly he asnwered my question live on air!!!

He was bearish as well. He said he expects a near term fall to the 1.03 area, and that if it hits that it can fall well below. He didn't say how far though.. but for me this is good to know if you see his bio he has been around the block.
Skype: heliosphan187
  • #42,148
  • Mar 21, 2012 8:41am Mar 21, 2012 8:41am
Any good aussie trader has to know what gold is doing.

I'm looking at the weekly here. We have a confirmed candle closed below the Gann high-low activator, this is bearish. I'm looking at the 1642 area if this breaks aussie will take a dump too.
Attached Image (click to enlarge)
Click to Enlarge Name: goldweekly1.jpg Size: 280 KB
Skype: heliosphan187
  • #42,149
  • Mar 21, 2012 8:45am Mar 21, 2012 8:45am
lead the market's direction by days to sometimes weeks. Notice how even though the S&P500 , DOW and Nasdaq keep grinding higher yet the AUD, NZD, and CAD are all "hanging over" along with their USD cross. Also look at the inverse relationships....ie.... EUR/AUD , GBP/AUD , AUD/JPY etc.....


Lots of opportunity for PiP snatching out there.

Happy Trading!
It's the simple things in life that have the most powerful meaning.
  • #42,150
  • Mar 21, 2012 8:52am Mar 21, 2012 8:52am
Very true I've been trying to focus my trading on the aussie recently so this forces you to track commods more than say a eur/usd trader may need to.

Do you track futures at all? I'm using a Broco trader demo to see all kinds of markets: bond futures, gold crossed with currencies other than USD, currency futures, hard/soft commods you name it. Too bad i've heard so many bad things about live trading through them, so i just stick to demo.

Quoting lebleup
lead the market's direction by days to sometimes weeks. Notice how even though the S&P500 , DOW and Nasdaq keep grinding higher yet the AUD, NZD, and CAD are all "hanging over" along with their USD cross. Also look at the inverse relationships....ie.... EUR/AUD , GBP/AUD , AUD/JPY etc.....


Lots of opportunity for PiP snatching out there.

Happy Trading!
Skype: heliosphan187
  • #42,151
  • Mar 21, 2012 9:30am Mar 21, 2012 9:30am
a break below 1.0420s will see 1.03s level
  • #42,152
  • Mar 21, 2012 9:54am Mar 21, 2012 9:54am
TRADE INITIATED (March 21 2012 - Wednesday)


AUD/USD (Bias LONG) - The pair has retraced so I bought 2 lots at 1.0435x. 50 pips SL for each lots and 0.25% risk for each lot. TP as follows: 50, 150 Pips. Reward/Risk ratio about 2:1. All stops moved to breakeven at 50 pips. Total portfolio risk 0.5%.
The weak fall by the wayside.
  • #42,153
  • Mar 21, 2012 10:17am Mar 21, 2012 10:17am
Quoting orvilleawrig
TRADE INITIATED (March 21 2012 - Wednesday)


AUD/USD (Bias LONG) - The pair has retraced so I bought 2 lots at 1.0435x. 50 pips SL for each lots and 0.25% risk for each lot. TP as follows: 50, 150 Pips. Reward/Risk ratio about 2:1. All stops moved to breakeven at 50 pips. Total portfolio risk 0.5%.
We longs have been getting our dongs chopped off, this is soooo wrong
100 Pips per day can keep the bosses away.
  • #42,154
  • Mar 21, 2012 10:22am Mar 21, 2012 10:22am
never catch a falling knife, hazardous to dongs

Quoting e585009
We longs have been getting our dongs chopped off, this is soooo wrong
Skype: heliosphan187
  • #42,155
  • Mar 21, 2012 10:26am Mar 21, 2012 10:26am
c'mon short!!! break that 420 line you can do it!!! i believe in you!
Limitation is a creation of the mind
  • #42,156
  • Mar 21, 2012 10:37am Mar 21, 2012 10:37am
AUD Bulls should show up now, finally ...Price is currently at the lows @1.0420 ...
If they dont, we are in big trouble....

AUD bulls think that this down move from 1.0630 so deep is totally unexpected, but that is how market works, when we retailers are long, the market keeps going in other direction, when we bulls finally give up on Longs and think short, the market turns and goes in our original direction catching us off guard....again.

The correlation between AUD/USD and EUR/USD and GBP/USD does not make sense....

So AUD/USD should rally to catch with EUR and GBP.

My next stop for AUD bulls is at 1.0690.

Go Bulls....
PPP - Patience Pays PIPS
  • #42,157
  • Mar 21, 2012 10:39am Mar 21, 2012 10:39am
i agree the correlation is off, but thus should produce another batch of bearish action first... or so i hope!
Limitation is a creation of the mind
  • #42,158
  • Mar 21, 2012 10:45am Mar 21, 2012 10:45am
if we can get to 405 ill be happy and call it a day.
Limitation is a creation of the mind
  • #42,159
  • Mar 21, 2012 10:45am Mar 21, 2012 10:45am
Quoting FX-Petra
closed 0550 and 0575 both @ 0550. Got long again @ 0470. We'll see where she goes!

Regards,
Still holding.......

Regards,
  • #42,160
  • Mar 21, 2012 10:48am Mar 21, 2012 10:48am
Quoting rustyram
AUD Bulls should show up now, finally ...Price is currently at the lows @1.0420 ...
If they dont, we are in big trouble....

AUD bulls think that this down move from 1.0630 so deep is totally unexpected, but that is how market works, when we retailers are long, the market keeps going in other direction, when we bulls finally give up on Longs and think short, the market turns and goes in our original direction catching us off guard....again.

The correlation between AUD/USD and EUR/USD and GBP/USD does not make sense....

So AUD/USD should...
makes total sense what about the monthly periods where aud rose and eur and gbp fell? what goes up must come back down
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