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AUD/USD

  • #43,341
  • Apr 24, 2012 12:29pm Apr 24, 2012 12:29pm
Quoting Olu
Why do you think there is no use in straddling?

Olu
Please watch this and that was my concern.

Inserted Video
  • #43,342
  • Apr 24, 2012 12:33pm Apr 24, 2012 12:33pm
Quoting diggo
Are your orders usually filled during sudden moves? It's a great idea but usually doesn't Fill my order. In other cases I've longed and shorted before the news at same price with tight stops in both directions but its failed to stop
In that case you have set guaranteed stop loss which will cost you extra 3 pips.
  • #43,343
  • Apr 24, 2012 1:12pm Apr 24, 2012 1:12pm
what other markets do you experts use for trend signals with the AUD? I use S&P and gold some times...
  • #43,344
  • Apr 24, 2012 1:14pm Apr 24, 2012 1:14pm
Quoting BergenGlobal
what other markets do you experts use for trend signals with the AUD? I use S&P and gold some times...
Anything that signifies 'risk on' or 'risk off' tends to be correlated with AUD.
  • #43,345
  • Apr 24, 2012 2:06pm Apr 24, 2012 2:06pm
I don't correlate any of the markets. I look at each chart as a separate entity. This is the Aussie thread, so I posted my chart on the Aussie. This is something very short-sighted but forward looking.
The rejection candle was formed at the bottom of the cloud, and price is acting accordingly. It is now trapped under the kijun. The next stop is the red line under looking down under (Get it? Down under--lol?) at 1.0258. This is the slow time of the day, so we can expect that level to be hit sometime during Tokyo.

If I flip over to gold, S&P, oil, whatever, I regard that market unto itself. I don't trade anything outside of forex, but I do a lot of evaluating of other markets upon requests that I get on my blog, chat group, and it someone pops into my thread, I'll take care of whatever they want there too.


Quoting BergenGlobal
what other markets do you experts use for trend signals with the AUD? I use S&P and gold some times...
  • #43,346
  • Apr 24, 2012 2:50pm Apr 24, 2012 2:50pm
Quoting BergenGlobal
what other markets do you experts use for trend signals with the AUD? I use S&P and gold some times...
when trading aussie i also check copper and shanghai index
  • #43,347
  • Apr 24, 2012 4:25pm Apr 24, 2012 4:25pm
Quoting mrbandwidth
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...

Mumble, mumble...
Use me as a contrarian indicator
  • #43,348
  • Apr 24, 2012 4:51pm Apr 24, 2012 4:51pm
Quoting mrbandwidth
Mumble, mumble...
might see yourplan dont know what might cancel that daily hammer??
  • #43,349
  • Apr 24, 2012 5:01pm Apr 24, 2012 5:01pm
Blind optimism suggests 25 base rate cut, already priced in, rises to 1.0450 and trigger more sells, rise to 1.0550 or 1.0640, shorts all go long, drop to parity...then go for a new high as fed announces QE3-4...off course this in all in my head...

Correct me if im wrong as im fundamentally weak, aus has low unemployment rate, v.little debt, yes its dependant on asia, who, if stop making crap we dpnt wish to buy, may switch to infrastructure plans which still require aus raw matietals...fed may increase rates to curb inflation, but inflation erodes their trillions of debt, and considering US housing market is dead & consumer spending is low, is raising rates a good idea...so that means aussie with a lower rate of even 4% still looks pretty good compared to the US rate...
  • #43,350
  • Apr 24, 2012 6:17pm Apr 24, 2012 6:17pm
Don't get too bullish yet.....We just rejected at the 61% retracement from this week's drop.
  • #43,351
  • Apr 24, 2012 8:58pm Apr 24, 2012 8:58pm
it will drop to 1.0260 then wait for US news tonight.
  • #43,352
  • Apr 24, 2012 9:27pm Apr 24, 2012 9:27pm
Quoting leticus
it will drop to 1.0260 then wait for US news tonight.
And why is that Sir?
  • #43,353
  • Apr 24, 2012 10:33pm Apr 24, 2012 10:33pm
Quoting Noobicle
if u get 20 pips on your long...take it
Yep, it was the bottom.
  • #43,354
  • Apr 24, 2012 10:37pm Apr 24, 2012 10:37pm
Quoting prive
Yep, it was the bottom.
We haven't seen the bottom yet, there's no prove that we have seen the bottom!
  • #43,355
  • Apr 24, 2012 10:44pm Apr 24, 2012 10:44pm
I'm net long on AUDUSD (can read my previous posts).

For the past few days, I've bought the dips and sold it at the top and so far so good.

Today's buy limits are as follows:

@1.0250 - 1 Mini Lot
@1.0225 - 1 Mini Lot
@1.0200 - 1 Mini Lot

We'll see if the price goes down that low during the trading hours today.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #43,356
  • Apr 24, 2012 10:49pm Apr 24, 2012 10:49pm
Quoting prive
Yep, it was the bottom.
Nicey, i would have followed if u gave some conviction to your statement, perhaps a chart? I think you called a bit early though , it came back down another 20ish pips before it hit the bull run, your target still 450?
  • #43,357
  • Apr 24, 2012 11:07pm Apr 24, 2012 11:07pm
lower high trend measure to 360, maybe rumour buy to 360 then mr ben come out with some hawks an send this crashing to 240? but im confused over the daily hammer, she looking sexy, she stoping me from shorting il probably stay out an wait for tomorrow when it a bit quieter
  • #43,358
  • Apr 25, 2012 12:47am Apr 25, 2012 12:47am
Quoting Daytrader74
And why is that Sir?
Its because that AUD/USD is trying hit the previous low and after USD news tonight at 830pm (GMT+8), it will break loose.
  • #43,359
  • Apr 25, 2012 3:45am Apr 25, 2012 3:45am
maybe on the way to 1.0360-80 and then down to DP
and then up to 1.0400-25
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  • #43,360
  • Apr 25, 2012 3:48am Apr 25, 2012 3:48am
Quoting Noobicle
Nicey, i would have followed if u gave some conviction to your statement, perhaps a chart? I think you called a bit early though , it came back down another 20ish pips before it hit the bull run, your target still 450?
Have increased positions at every dip to 250,but it really looks dangerous. also long on USD/JPY last night.
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