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AUD/USD

  • #42,201
  • Mar 22, 2012 12:01am Mar 22, 2012 12:01am
Question ?

Which accurately reflects the PMI!
  • #42,202
  • Mar 22, 2012 12:07am Mar 22, 2012 12:07am
Quoting Dave_C
Question ?

Which accurately reflects the PMI!
Check your calendar, 1st of every month
  • #42,203
  • Mar 22, 2012 12:09am Mar 22, 2012 12:09am
Quoting Dave_C
Question ?

Which accurately reflects the PMI!
Or, for those of us that have NFI, what do our charts show? Bearish to me
FF journal: Peaks and Troffs
  • #42,204
  • Mar 22, 2012 12:24am Mar 22, 2012 12:24am
Quoting bbakker
China and Australia are close trading partners. China depends on Australia for much of its raw material needs, including wool, iron ore and resources it requires for its large mining industry. Yes, China has many resources itself, but it still lacks others that it gets from places like Australia, Brazil and Africa.

I just read an article about this, thought I would share it. Hopefully it might answer and clarify everyone's opinions about the matter.

"China is Australia's number one trading buddy when it comes to both exports and imports. Based on 2010 data, more than 25% of Australia's exports go to China while 18.7% of its imports come from the Asian giant. And, as an economy that relies heavily on its natural resources, commodity exports comprise a huge chunk of Australia's GDP." -BabyPips.com

the article was from http://www.fxstreet.com/fundamental/analysis-reports/piponomics/2012/03/22/
  • #42,205
  • Mar 22, 2012 12:39am Mar 22, 2012 12:39am
Time to build up long on AU.
Make your losses in demo. Earn your profits live.
  • #42,206
  • Mar 22, 2012 12:49am Mar 22, 2012 12:49am
Quoting Forexia
Time to build up long on AU.
Based on what?
  • #42,207
  • Edited 1:10am Mar 22, 2012 12:57am | Edited 1:10am
Quoting Daytrader74
Based on what?
1) Price.

2) The latest dip based on just 1 point drop in this HSBC PMI indicator is a knee-jerk reaction and is due to be reversed eventually. Market will realize the overreaction and will correct itself.
Make your losses in demo. Earn your profits live.
  • #42,208
  • Mar 22, 2012 1:01am Mar 22, 2012 1:01am
Are you going to get in now? Where do you want to set your SL?
  • #42,209
  • Mar 22, 2012 1:19am Mar 22, 2012 1:19am
Quoting Tomoney
Are you going to get in now? Where do you want to set your SL?
SL = 1.039.

It's a very tight stop but I just want to take advantage of the most recent spike down. If I get stopped out, so be it. I wouldn't lose much but if the price does correct itself which I think it should, then I can earn at least about 30-40 pips as the price should correct to up to 50% of the dip. If the price corrects all the way to the pre-dip level, then I can earn about 60 - 80 pips. Not a bad run.

Wish me luck!!
Make your losses in demo. Earn your profits live.
  • #42,210
  • Mar 22, 2012 1:31am Mar 22, 2012 1:31am
Quoting Leunammj
You get a free trade basically, market was 1.0383. u enter. market rised to 1.0395. u placed sl to entry + 3. so basically u get a free ride.

even if hit sl. u still run with 3 pips.
So u can follow your trade an put stop losses behind your profit? What broker do you use? Anybody else's broker have that option?
  • #42,211
  • Mar 22, 2012 1:34am Mar 22, 2012 1:34am
Is anybody else looking to go short AUD/USD in coming days if SnP breaks below 1400 and risk trends start moving?
  • #42,212
  • Mar 22, 2012 1:48am Mar 22, 2012 1:48am
Quoting Noobicle
So u can follow your trade an put stop losses behind your profit? What broker do you use? Anybody else's broker have that option?
I modified my orders. after its green for more than 10 pips . it allow me to change after i have 5 pips for sl above entry. I don't think i can write here? get points for publicity.

key word . it starts with hot
  • #42,213
  • Mar 22, 2012 1:49am Mar 22, 2012 1:49am
Quoting Government
Is anybody else looking to go short AUD/USD in coming days if SnP breaks below 1400 and risk trends start moving?
This pair is losing its steam, eur is even stronger than aud and nzd, people just buying it during new york hours to gain positive swaps that's all.
  • #42,214
  • Mar 22, 2012 1:49am Mar 22, 2012 1:49am
Quoting Noobicle
So u can follow your trade an put stop losses behind your profit? What broker do you use? Anybody else's broker have that option?
Pretty much all brokers have that order type. It's called trailing stop. That way you lock in your profit. If your brokers don't have it, you should consider shopping for another broker. Just my suggestion.
Make your losses in demo. Earn your profits live.
  • #42,215
  • Mar 22, 2012 2:11am Mar 22, 2012 2:11am
Quoting Forexia
Pretty much all brokers have that order type. It's called trailing stop. That way you lock in your profit. If your brokers don't have it, you should consider shopping for another broker. Just my suggestion.
woww i even asked my broker if i could do that an she said nah not much brokers do that... well heres my chart for aud $... a slow grind to 480 area, will get 530/50 if im lucky (aud aint very lucky these past couple of weeks), then will be back to test 380, my eyes are on those levels for the bull trap, but given the 250esh pip pullback, think we may go up a bit

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  • #42,216
  • Mar 22, 2012 2:14am Mar 22, 2012 2:14am
Quoting Noobicle
woww i even asked my broker if i could do that an she said nah not much brokers do that... well heres my chart for aud $... a slow grind to 480 area, will get 530/50 if im lucky (aud aint very lucky these past couple of weeks), then will be back to test 380, my eyes are on those levels for the bull trap, but given the 250esh pip pullback, think we may go up a bit

Dunno what broker you are using right now. But check out some of the ECN brokers like Interactive Brokers, MB Trading and etc. and they pretty much all offer it this order type. They even allow you to attach it to your original order right away.
Make your losses in demo. Earn your profits live.
  • #42,217
  • Mar 22, 2012 2:23am Mar 22, 2012 2:23am
Piece of crap of this currency just wouldn't go up!! I suspect the Australian Central Bank is intervening in the background. They don't put in large sell of AUD to cause any attention but they put in small orders just enough to slow down the up movement.
Make your losses in demo. Earn your profits live.
  • #42,218
  • Mar 22, 2012 2:26am Mar 22, 2012 2:26am
Quoting Forexia
Dunno what broker you are using right now. But check out some of the ECN brokers like Interactive Brokers, MB Trading and etc. and they pretty much all offer it this order type. They even allow you to attach it to your original order right away.
Yeah im with eaasy-forex, simple site for a begginer like me. Spreads are a bit high sometimes an you cant do that order type, but they have their good bits, ill have a look @ them sites thanks
  • #42,219
  • Mar 22, 2012 3:01am Mar 22, 2012 3:01am
all going down like ytd.
  • #42,220
  • Mar 22, 2012 3:02am Mar 22, 2012 3:02am
Quoting Noobicle
Yeah im with eaasy-forex, simple site for a begginer like me. Spreads are a bit high sometimes an you cant do that order type, but they have their good bits, ill have a look @ them sites thanks
hmm i think its binary options? like optionfair and etoro? not so good. i started with binary too. and i can't see anything, just numbers up and down, don't make sense. at least charts on mt4 show u proper time to enter.
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