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AUD/USD

  • #44,061
  • May 8, 2012 2:05pm May 8, 2012 2:05pm
Just checked auto chartist.
Attached Image (click to enlarge)
Click to Enlarge Name: FX-AUD-USD--445am-AEST.png Size: 32 KB
  • #44,062
  • May 8, 2012 2:09pm May 8, 2012 2:09pm
Aussie definitely going to 1.110...just not this year...interest rate cuts, no QE3, USA economy improving officially (unofficially it's fucked), global economy slowing...so yeah 1.1100...
  • #44,063
  • May 8, 2012 3:54pm May 8, 2012 3:54pm
For me, I said it two days ago. 1.0115 is an important level to look for. If it breaks, look out for .9900.

So far, the move below 1.0115 was temporary to lead me to think it was a fake breakout... the bears were trying, but were repelled by the bulls. Now the price has gone back above 1.0115. I would be looking for at least a close below 1.0115 at a TF higher than 1H to convince me to look for .9900 (I don't believe AUD's parity psychological level - it's been broken like a cheap piece of cardboard everytime we approach the level at least for the past 6 months.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #44,064
  • May 8, 2012 4:13pm May 8, 2012 4:13pm
Quoting rafiqhidayat
For me, I said it two days ago. 1.0115 is an important level to look for. If it breaks, look out for .9900.

So far, the move below 1.0115 was temporary to lead me to think it was a fake breakout... the bears were trying, but were repelled by the bulls. Now the price has gone back above 1.0115. I would be looking for at least a close below 1.0115 at a TF higher than 1H to convince me to look for .9900 (I don't believe AUD's parity psychological level - it's been broken like a cheap piece of cardboard everytime we approach the level at least for...

Agree 100%.
Use me as a contrarian indicator
  • #44,065
  • May 8, 2012 4:59pm May 8, 2012 4:59pm
I always find it hard to short the Oz unless I firmly beleive the market is super long and a left feild risk off event happens. The reason for this is its strong corelation with other assets like BHP, Hang Seng Index, even the famed "Permanent Portfolio" (Stocks, Bonds, Cash and Gold 25% each, reweighted every quarter). Personally I am an optimist so wouldn't want to be short any of the corelations therefore not short Aussie. Either flat (now) or taking buy signals.
  • #44,066
  • May 8, 2012 5:27pm May 8, 2012 5:27pm
there is a 10 year US treasury auction tomorrow...y not scare the markets tmrw, get ur auction money, and then let the market recover, before the data from aus and china on thursday/friday...
  • #44,067
  • May 8, 2012 5:57pm May 8, 2012 5:57pm
Quoting fx-rocket
Another lot shorted at 1.0175...
Com' on AUD you can go south now
Hello 1.0100 ! Stop moved to 1.0135 (+40)
Expect the unexpected.
  • #44,068
  • Edited 6:28pm May 8, 2012 6:14pm | Edited 6:28pm
Long @1.0095 tp @1.0130 sl @1.0087
  • #44,069
  • May 8, 2012 6:21pm May 8, 2012 6:21pm
Quoting Daytrader74
Long @1.0195 tp @1.0130 sl @1.087
You mean 1.0095 right?
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #44,070
  • May 8, 2012 6:22pm May 8, 2012 6:22pm
Long @1.0095 SL @0.99, TP high

In for the long haul, been a bad boy breaking all my rules so I am banning myself for the week.

Good luck to all.
AUD so cheap right now, come and get me yum yum..
A genius is born every minute, me I am lucky if my socks match.
  • #44,071
  • May 8, 2012 6:25pm May 8, 2012 6:25pm
Quoting Daytrader74
Long @1.0195 tp @1.0130 sl @1.087

?????
  • #44,072
  • May 8, 2012 6:28pm May 8, 2012 6:28pm
Quoting rafiqhidayat
You mean 1.0095 right?
Yes typo!
  • #44,073
  • May 8, 2012 6:46pm May 8, 2012 6:46pm
Quoting jayjb
Based on h4, i have bullish divergence and we have broken the bear trend line, money on london to bring it up 1.0180 long sl 70pips tp open
Maybe try to turn your screen upside down
Expect the unexpected.
  • #44,074
  • May 8, 2012 6:48pm May 8, 2012 6:48pm
Still holding my long positions should have closed last night however i think i will get a higher price today. t/p 1.01425
  • #44,075
  • May 8, 2012 6:54pm May 8, 2012 6:54pm
Quoting fx-rocket
Maybe try to turn your screen upside down
LOL.

Right now bulls are fighting for their lives. But if they manage to survive, I won't be surprised if a new attack towards 1.1 will commence.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #44,076
  • May 8, 2012 7:06pm May 8, 2012 7:06pm
Quoting tigershin
Still holding my long positions should have closed last night however i think i will get a higher price today. t/p 1.01425
i watched 300 pips get turned into 30 yesturday, was not a very smart move, u either going to listen when i say do not get greedy, or your going to learn the hard lesson(s) yourself

if i was trading wit emotions i probably would of closed at 150 but excuses exmuses, end of the day i got owned
  • #44,077
  • May 8, 2012 7:09pm May 8, 2012 7:09pm
Quoting rafiqhidayat
LOL.

Right now bulls are fighting for their lives. But if they manage to survive, I won't be surprised if a new attack towards 1.1 will commence.
I know, it can turn so quickly..
I just could not resist, not very constructive of me though...
Expect the unexpected.
  • #44,078
  • May 8, 2012 7:12pm May 8, 2012 7:12pm
Quoting rafiqhidayat
LOL.

Right now bulls are fighting for their lives. But if they manage to survive, I won't be surprised if a new attack towards 1.1 will commence.
i honestly think 1.04-1.05 is a realistic price. i thought few months ago we would reach 1.15 june/july without the rate rise and some goods from china, india and euro.

i wonder when the euro will get shake again... gold and silver is starting to look okay...
  • #44,079
  • May 8, 2012 7:13pm May 8, 2012 7:13pm
Quoting fx-rocket
I know, it can turn so quickly..
I just could not resist, not very constructive of me though...
It's okay. Sometimes it's allright just to have fun.

I'm still waiting for a full candle to start and close below 1.0115 on TF H1 or higher. That will inform me that there is still a bear move all the way down to 0.99 waiting.

I will be waiting at 0.99 with bells waiting and might put in a huge long as I believe that is the extent of this bear move. Unless something drastically bad happens in China.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #44,080
  • May 8, 2012 7:21pm May 8, 2012 7:21pm
Riddle me this Batman.

When I hold a position and i find myself in 20-30 pips profit.. I look long and hard and decide

1/ Time to take profit

2/ Lets let this sucker go for gold

if 1/ the thing moves another 200 points in what would have been my favour

if 2/ the thing moves against me super quickly and profit turns to loss on break even ??

I can find which way it is going more often than not.. now i need to work out when it is stopping
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