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AUD/USD

  • #42,821
  • Apr 10, 2012 7:05am Apr 10, 2012 7:05am
Quoting johnnypocket
Looks to me like its going to hold. Could be a good long position here?
agree,it is a good place to enter long position.
  • #42,822
  • Apr 10, 2012 8:14am Apr 10, 2012 8:14am
Short @1.0295 TP @1.0270 SL @1.0320
  • #42,823
  • Apr 10, 2012 8:56am Apr 10, 2012 8:56am
Quoting Daytrader74
Short @1.0295 TP @1.0270 SL @1.0320
try to put 0.9750-0.9450-0.9080-0.8850/0.89..maybe can try it in your demo
  • #42,824
  • Apr 10, 2012 8:59am Apr 10, 2012 8:59am
Quoting grashid
try to put 0.9750-0.9450-0.9080-0.8850/0.89..maybe can try it in your demo
And what would be your reasoning for the price getting to that level?
  • #42,825
  • Apr 10, 2012 9:01am Apr 10, 2012 9:01am
Quoting Daytrader74
And what would be your reasoning for the price getting to that level?
i love that number..that it
  • #42,826
  • Apr 10, 2012 9:40am Apr 10, 2012 9:40am
Quoting grashid
i love that number..that it
As the NZD/USD follows this pair , do you think it will go down like AUD or not? please let me know your analizing for that.
Thanks alot.
  • #42,827
  • Apr 10, 2012 10:26am Apr 10, 2012 10:26am
Entering/bouncing off old demand zone. ( My first post).
  • #42,828
  • Apr 10, 2012 11:13am Apr 10, 2012 11:13am
AU H1: If price pierces the current DZ, the next demand zone is about 0214. Nice!
  • #42,829
  • Apr 10, 2012 1:37pm Apr 10, 2012 1:37pm
Price has been in and out of the H1 and H4 DZ now several times which means to me that the bears and bulls are playing footsie. The D1 shows decent support here, just under past supply and a tempting 9985 level for demand below. On one hand, I might be inclined to temporarily close my short and take a CT long to T1 at 0387. On the other, 9985 looks sweet. Got time, need to think about it. It's like the Enterprise lost in a nebula. Which way Captain? Maintain current course and heading Mr. Zulu.
  • #42,830
  • Apr 10, 2012 2:42pm Apr 10, 2012 2:42pm
Quoting PapaMack
Price has been in and out of the H1 and H4 DZ now several times which means to me that the bears and bulls are playing footsie. The D1 shows decent support here, just under past supply and a tempting 9985 level for demand below. On one hand, I might be inclined to temporarily close my short and take a CT long to T1 at 0387. On the other, 9985 looks sweet. Got time, need to think about it. It's like the Enterprise lost in a nebula. Which way Captain? Maintain current course and heading Mr. Zulu.
I agree with you that we are currently sitting on decent support but I am not sure if it will hold or not. To be honest I am currently sitting on the wrong side of a AUDUSD trade (long) and it seems Risk Off is back on. However, we are at very oversold levels and although oversold can remain so for a very long time I am inclined to hold this trade into some strength and then consider selling into this for what appears to be some USD strength for the coming months.
  • #42,831
  • Apr 10, 2012 2:52pm Apr 10, 2012 2:52pm
Quoting prive
I agree with you that we are currently sitting on decent support but I am not sure if it will hold or not. To be honest I am currently sitting on the wrong side of a AUDUSD trade (long) and it seems Risk Off is back on. However, we are at very oversold levels and although oversold can remain so for a very long time I am inclined to hold this trade into some strength and then consider selling into this for what appears to be some USD strength for the coming months.

Just need Uncle Ben to utter QE3.
100 Pips per day can keep the bosses away.
  • #42,832
  • Apr 10, 2012 3:16pm Apr 10, 2012 3:16pm
Quoting prive
I agree with you that we are currently sitting on decent support but I am not sure if it will hold or not. To be honest I am currently sitting on the wrong side of a AUDUSD trade (long) and it seems Risk Off is back on. However, we are at very oversold levels and although oversold can remain so for a very long time I am inclined to hold this trade into some strength and then consider selling into this for what appears to be some USD strength for the coming months.
  • #42,833
  • Apr 10, 2012 3:38pm Apr 10, 2012 3:38pm
im looking at daily and to be honest it looks pretty bad, there might be support at parity or at 0.9945, but im seeing no real demand levels unless it breaks past 1.0400 convincingly...and when the markets are tanking, unless there is fundamental changes to support global trade, ie. QE3/4/5 then i can't see aussie going back up to 1.10 anytime this year
  • #42,834
  • Apr 10, 2012 3:46pm Apr 10, 2012 3:46pm
dammit get up.. my long is sinking!
  • #42,835
  • Apr 10, 2012 3:56pm Apr 10, 2012 3:56pm
first target 200ish, then looking for signals of further downside,
...........which is the higher probability

Quoting PeterE
a good close below the green line and i'll be feeling even more bearish.......at least to 200 ish, then suspect beyond........but lets see if we can get that close first
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  • #42,836
  • Apr 10, 2012 4:18pm Apr 10, 2012 4:18pm
Home sales for aud up this month 3%, home loans coming up in a few hours should be good to yeah?

A nice time for AUD bulls to be at the bottom of the previous bottom, at the start of its own session? well would have a better shot at going up yeah?

The trend looks like its picking up speed though (lower time-frames) hmm trend points to 180ish
  • #42,837
  • Apr 10, 2012 4:23pm Apr 10, 2012 4:23pm
Quoting PeterE
first target 200ish, then looking for signals of further downside,
...........which is the higher probability
Nice art but further downside after 200? how? theme has been up down up down, thatll make it down down
  • #42,838
  • Apr 10, 2012 4:33pm Apr 10, 2012 4:33pm
Quoting sidhujag
dammit get up.. my long is sinking!
welcome to the club..

I have been adding to my longs and holding it. So far obviously the price has gone against me. Will continue to hold until the price shoots back up (as it has the last two times). Maybe it has to reach parity first before it goes back up, but until US in the clear, I would think that AUD has one more leg up before it settles down. IMHO.

Obviously the positive swap doesn't make it that bad of an experience.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #42,839
  • Apr 10, 2012 5:21pm Apr 10, 2012 5:21pm
nice bottoms on nzd/usd 2hour, was too slow an will have to wait for the retest (if im lucky)
  • #42,840
  • Apr 10, 2012 5:25pm Apr 10, 2012 5:25pm
You guys cutting your cash rate next week? If so, how much of a bullish move will it cause, as in number of pips? Thanks!!!
100 Pips per day can keep the bosses away.
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