Attachments: AUD/USD

AUD/USD

#43,321
Apr 23, 2012 10:09pm Apr 23, 2012 10:09pm

Leunammj
| Commercial User | Joined Jan 2012 | 171 Posts

Quoting 4xpipcounter

Disliked

I've had many brokers, and by far, Hot Forex is the best. I'm talking customer service, the whole thing.
I once had a TP on the AUD/USD. I set the trade, went to bed, and was shocked my TP was not hit. A closer look showed me it was, but their platform did not execute it. I called the tech department. They not only gave my money back on the trade, but paid me an additional 150%.
Accidents do happen. This broker became huge in my eyes when they took care of business that way for me. That happened only 2 weeks after they became my broker. So they...

Ignored

Yes, i am also using them, they are one of the best

#43,322
Apr 23, 2012 10:25pm Apr 23, 2012 10:25pm

4xpipcounter
| Joined May 2006 | Status: 4xpipcounter | 139 Posts

I'm glad someone else is using them and likes them. I was starting to feel like a salesman--lol.

Quoting Leunammj

Disliked

Yes, i am also using them, they are one of the best .

Ignored

#43,323
Apr 23, 2012 10:38pm Apr 23, 2012 10:38pm

Noobicle
| Joined Mar 2012 | Status: no comment | 518 Posts

yes guys we all know how to google best brokers, but whats your aud/usd expert analysis?
^_^

#43,324
Apr 23, 2012 10:39pm Apr 23, 2012 10:39pm

fx-rocket
Joined Sep 2011 | Status: In the zone | 452 Posts

Quoting fx-rocket

Disliked

Straight down to 1.0250 I reckon!

Ignored

Hello 1.0250!

Expect the unexpected.

#43,325
Apr 23, 2012 10:43pm Apr 23, 2012 10:43pm

leticus
| Joined Apr 2012 | Status: Trader | 221 Posts

it will go down even further to hit 1.021

#43,326
Apr 23, 2012 10:45pm Apr 23, 2012 10:45pm

BergenGlobal
| Joined Dec 2011 | Status: The Trend Be-Yo' Friend | 127 Posts

Quoting 4xpipcounter

Disliked

Diggo, I'll put another plug in for my broker. I trade the NFP. EVeryone of my orders has kicked in.

Ignored

Just talked to some Chat-lady on Hot Forex. They said they don't fund US clients.....

#43,327
Apr 23, 2012 10:57pm Apr 23, 2012 10:57pm

Razdel
| Joined Jan 2012 | Status: Trader | 78 Posts

took profit on 850, 660 and 430, 360 @ 250...... looking to short again on a break and close below 250... not expecting big gains on the new one since rba's decision looks mostly priced in but looking to test pivot at 155...

#43,328
Apr 24, 2012 12:05am Apr 24, 2012 12:05am

fx-rocket
Joined Sep 2011 | Status: In the zone | 452 Posts

Quoting Raziha

Disliked

took profit on 850, 660 and 430, 360 @ 250...... looking to short again on a break and close below 250... not expecting big gains on the new one since rba's decision looks mostly priced in but looking to test pivot at 155...

Ignored

Nice one!
Closed mine at 250 too....
I still got a small one open from 1.0301... Lets see what the market can give me on that one

Expect the unexpected.

#43,329
Apr 24, 2012 12:07am Apr 24, 2012 12:07am

leticus
| Joined Apr 2012 | Status: Trader | 221 Posts

actually this downtrend is trying to hit the same point that met with support line around 12 April 2012, so this time round, may break through and hit 1.021

#43,330
Apr 24, 2012 1:00am Apr 24, 2012 1:00am

diggo
| Joined Jun 2011 | Status: Trader | 593 Posts

Quoting diggo

Disliked

Something I'd like to add..

I believe aud is setting up for another attack on 1.10. The 1.01 range should complete a proper pullback in order to gain momentum for another surge upwards. These last couple of months have been a bear inside the long term bull. I think we can break 1.10 and head towards 1.15 later in the year.

Ignored

Pullback to 0.99 - 1.01 still valid and looking even more likely by the day.

Australian economy is performing very poorly. Asia is doing so well as a whole, Australia is the major underperformer in this region. Retail sales and building approvals are under major pressure. Interest rates have been too high for a couple of years now. Next Tuesday I'd argue for a 50 basis point rate cut.. And we may get it if the RBA has the cajones. The ass could fall out of the aud in the short term.

That being said, I'm still a long term bull, with the long term downtrend of the us dollar to continue for many more years and Asia to continue to support the aussie. But short term selling pressure will only continue for now. I may look to hedge some medium term long positions on any spikes upwards. 0.99-1.01 looking like a juicy area to long, targeting 1.10-1.15 later in the year into early next year

#43,331
Apr 24, 2012 1:27am Apr 24, 2012 1:27am

Razdel
| Joined Jan 2012 | Status: Trader | 78 Posts

Quoting fx-rocket

Disliked

Nice one!
Closed mine at 250 too....
I still got a small one open from 1.0301... Lets see what the market can give me on that one

Ignored

THanks! was a long one though.... had some AUDJPY as well

i want to sell again, 360 or 450 ideally looking for 155... then im off for some time...... hopefully

#43,332
Apr 24, 2012 1:56am Apr 24, 2012 1:56am

monkey@forex
| Joined Aug 2010 | Status: Trader | 332 Posts

With ydays cpi it wasnt able to hit a new low, so the rate cut is most likely priced in unless they do a 50 point cut...so maybe a triple bottom and head back to 1.0400...

#43,333
Apr 24, 2012 2:24am Apr 24, 2012 2:24am

Razdel
| Joined Jan 2012 | Status: Trader | 78 Posts

Quoting monkey@forex

Disliked

With ydays cpi it wasnt able to hit a new low, so the rate cut is most likely priced in unless they do a 50 point cut...so maybe a triple bottom and head back to 1.0400...

Ignored

makes sense

#43,334
Apr 24, 2012 3:53am Apr 24, 2012 3:53am

Intrepid32
| Joined Jan 2011 | Status: Trader | 40 Posts

Quoting Intrepid32

Disliked

Bearish Case----Until we break 1.0385 area, the descending channel is still in tact. and we should test the triangle support again at 1.0310. A break of that support would take us to 1.0250.

Don't know which way it will go, so best to manage the Risk Reward. I will short at the open around 1.0380 with sl at 1.0390 and targets at 1.0310 and 1.0250. If stopped out, I will flip it long with targets at 1.0450 and 1.0550.

Ignored

Covered shorts at 1.0250...out for 130 pips. (risked 10 pips, had 3 pip drawdown)

#43,335
Apr 24, 2012 4:16am Apr 24, 2012 4:16am

Noobicle
| Joined Mar 2012 | Status: no comment | 518 Posts

might be good time to get on the sell soon?

#43,336
Apr 24, 2012 4:26am Apr 24, 2012 4:26am

LukasBloom
| Joined Apr 2012 | Status: Trader | 27 Posts

Aussie/dollar is my favorite currency pair. As we can see an intense downtrend of currency pair has led it to a strong support level 1.02539. If Aussie/dollar doesn't conquer this level then it will turn back to the level 1.03149.

#43,337
Edited 4:37am Apr 24, 2012 4:27am | Edited 4:37am

mrbandwidth
| Joined Feb 2010 | Status: Trader | 1,085 Posts

Quoting Noobicle

Disliked

might be good time to get on the sell soon?

Ignored

IMO, nope, I'm waiting to ~320 (I think this is an inverted H&S at 30min, we have to go to the neck line at 320, then drop again to ~270 to build the second shoulder, then NORTH).

But read my sig...