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AUD/USD

  • #43,881
  • May 6, 2012 9:08pm May 6, 2012 9:08pm
Quoting MitchL
positive serious data

This has to make some difference
load up these indicators on your chart there very helpfull to me, takes a little stress away from worrying over FA's

Money Flow Index, Relative Strength Index, Stochastic and William's Percent Range, google if u dont know how to use them there fairly easy,

also load fractals, shows u reversal points
  • #43,882
  • May 6, 2012 9:10pm May 6, 2012 9:10pm
to each his own. not for me though, thanks
  • #43,883
  • May 6, 2012 9:25pm May 6, 2012 9:25pm
Quoting MitchL
positive serious data

This has to make some difference
the building approval forecast was very conservative. the budget is being released tomorrow and with elections around the corner should be interesting.
  • #43,884
  • May 6, 2012 9:35pm May 6, 2012 9:35pm
this is an example, u just have to know your FA's just incase u buy when the country is collapsing and in austerity (economic meltdown)

4htimeframe, not scalping stradegy thanks

also have to know how to read the indicators to, cant just go buying an selling at tops an bottoms but u could get lucky..
^_^
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  • #43,885
  • May 6, 2012 9:58pm May 6, 2012 9:58pm
Im seeing some pressure building to the upside. Looks like we could pop above 1.01350 really soon. Anyone with me?
  • #43,886
  • May 6, 2012 10:34pm May 6, 2012 10:34pm
guys be careful i see this week as a defining week pa wise retialers were short during that opening selloff. That means a big shakedown selloff coming since when are retailers allowed to make money? Only before
big moves.
  • #43,887
  • May 6, 2012 10:41pm May 6, 2012 10:41pm
Quoting FreakNasty
Im seeing some pressure building to the upside. Looks like we could pop above 1.01350 really soon. Anyone with me?
me an my 23 pips probably soon to be 5

might get some long term buyers coming in around parity, aud expects improvement an china lurking in the back ground, anything can happen, just duno how much euro an gbp will effect

imo
  • #43,888
  • May 6, 2012 10:54pm May 6, 2012 10:54pm
Quoting sidhujag
not euro did u forget that aud justcut rates?? Did u forget the rant by aud bank about it being too high?
Did you also forget that you said not too long ago that you would never short aussie?
  • #43,889
  • May 6, 2012 10:54pm May 6, 2012 10:54pm
Ya, i was just making a comment for a very short term scalp, i was trading off of the i minute chart. However, this area looks like a nice short right here at the 38.2 fib resistance.
  • #43,890
  • May 6, 2012 10:56pm May 6, 2012 10:56pm
Gonna wait and see atm what's happening for a while. my last short closed Friday night (bit early i'll admit). Looking for some possible bounce back to load more shorts in.

Pressure around parity will certainly build over the next little bit. Long term though, barring an immediate total collapse of the US financial system, I'm thinking that pesky 1.0 will give.
  • #43,891
  • May 6, 2012 11:02pm May 6, 2012 11:02pm
taken 1/2 off at 1.014 and SL @ BE on rest. do not like PA and the level it ended the last hour. will buy dips
  • #43,892
  • May 6, 2012 11:07pm May 6, 2012 11:07pm
Quoting GSGill
taken 1/2 off at 1.014 and SL @ BE on rest. do not like PA and the level it ended the last hour. will buy dips
I think it's quite early to buy the dips now (unless you're planning to scalp).

I would wait until Frankie and NY open to see how they react to the political news in French, Greece and Germany before deciding the level to buy on dips.
(I'm still long btw), just don't think adding any longs at this point of time is the right thing to do.

If 1.0115 holds until asia open tomorrow, I MIGHT put in a long... if it doesn't, next port of call might be below parity. Parity doesn't mean that much for AUD. The last few times (at least since sept 2011), the price just slashed through parity both on the way up and on the way down. It seems, 1.01-1.0115 and 0.9875-.99 levels are the levels to watch.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #43,893
  • May 6, 2012 11:09pm May 6, 2012 11:09pm
Quoting Eulogy
Did you also forget that you said not too long ago that you would never short aussie?
The market speaks, you just have to be perceptive enough to listen and then agile enough to heed to the instructions issued.
  • #43,894
  • May 6, 2012 11:12pm May 6, 2012 11:12pm
Quoting rafiqhidayat
I think it's quite early to buy the dips now (unless you're planning to scalp).

I would wait until Frankie and NY open to see how they react to the political news in French, Greece and Germany before deciding the level to buy on dips.
(I'm still long btw), just don't think adding any longs at this point of time is the right thing to do.

If 1.0115 holds until asia open tomorrow, I MIGHT put in a long... if it doesn't, next port of call might be below parity. Parity doesn't mean that much for AUD. The last few times (at least since sept 2011),...
Right, I expect 1.023 to be revisited but I will take what I can on a long. Wont argue with the bulldozer if its headed my way.
  • #43,895
  • May 6, 2012 11:28pm May 6, 2012 11:28pm
any stocks experts out there? i remember somebody trying to teach me it but still get confused over it, how do the dots connect between forex and stocks? he said something like, if a paticular currencys stocks fall, that currency falls with it??

Asia Stocks Post Biggest Drop in 6 Months as Euro Weakens

http://www.bloomberg.com/news/2012-0...tion-jobs.html
  • #43,896
  • May 6, 2012 11:39pm May 6, 2012 11:39pm
Quoting Noobicle
any stocks experts out there? i remember somebody trying to teach me it but still get confused over it, how do the dots connect between forex and stocks? he said something like, if a paticular currencys stocks fall, that currency falls with it??

Asia Stocks Post Biggest Drop in 6 Months as Euro Weakens

http://www.bloomberg.com/news/2012-0...tion-jobs.html
really depends on what you're trying to connect and conditions. there reallly isnt one answer to this question.
  • #43,897
  • May 7, 2012 12:05am May 7, 2012 12:05am
Quoting tigershin
really depends on what you're trying to connect and conditions. there reallly isnt one answer to this question.
take that report for example, asia stocks drop, what does that mean for asia? also say if overall a countrys stocks aint doing well, how much will that impact its currency? an also in that report it says ''asia'' stocks drop on weaker ''usa'' jobs data? does that mean usa cant buy asia stocks or something?? poor data, less $?

does it help anyway to try mix stocks with forex or best to leave them seperate?

thanks
  • #43,898
  • May 7, 2012 12:11am May 7, 2012 12:11am
Quoting Eulogy
Did you also forget that you said not too long ago that you would never short aussie?
Did you forget what I said about position trading? This was a scalp without getting to the swap time. I'm on to YOU bud you should concentrate on yourself or you just might lose your shirt.

I was watching the TICK chart when I saw some selling at the time. Anyways its negated I BE and I'm back on the sidelines on this guy.
  • #43,899
  • May 7, 2012 12:41am May 7, 2012 12:41am
Quoting aqeelaputra;
in my view base on daily if price touch 1.0620-90 and stop its good R:R to sell again with tight sl
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  • #43,900
  • Edited 1:15am May 7, 2012 12:53am | Edited 1:15am
Quoting Eulogy
Pressure around parity will certainly build over the next little bit. Long term though, barring an immediate total collapse of the US financial system, I'm thinking that pesky 1.0 will give.
agree, some advice to people who plan on having there base currency accounts in euro an usd for the rest of there life, change it

if your in euro, wait till eur/aud hits parity then change it, if you stuck in usd, wait till it hits parity, (an then wait for confirmation of bull) then change it thanks

cant have yuan bases, an imo aud is going to be better in the future, a safer but less attractive currecny is nzd too imo

who knows u could be that guy that wakes up the next morning to find his 100k usd account is now only worth 10k
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