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AUD/USD

  • #50,641
  • Jul 18, 2012 10:18pm Jul 18, 2012 10:18pm
Quoting samirs
it depends on multiple factors - personality, time constraints, method, timeframe, risk perception and tolerance, stress perception and tolerance. So there is not right or wrong answer. Like you long term traders think it is oxymoron to trade short term. You can lose lot of money quite quick with short term trade unless you are disciplined and quick. Horse for course and all that.
Indeed! We are all traders.. We're just all different breeds of traders.
There are those who know, and there are those who don't know.
  • #50,642
  • Jul 18, 2012 10:21pm Jul 18, 2012 10:21pm
Levels I'll be watching:

1.0473
1.0700 (The descending trend line from almost a year ago @ 1.1079)
New voice message: Why are you calling me? If I need you, I'll call you!
  • #50,643
  • Jul 18, 2012 10:23pm Jul 18, 2012 10:23pm
Quoting palabara
Indeed! We are all traders.. We're just all different breeds of traders.
shorter tfs susceptible to noise and manipulation by a few big players. In general the bigger the tf the farther the to and sl hence less risk. Your s and r is usualy stronger on bigger tfs and because of thr larger sl can reduce sl
chasing thus increasing expectancy. The stronger sr also increased
expectancy
  • #50,644
  • Jul 18, 2012 10:25pm Jul 18, 2012 10:25pm
Quoting Davit
I am baffled why such up move.I can't find any reasonable explanation why bears are not taking this a apart
Why all of sudden Auzzi fking dollar became valuable
Its fking relentless
Maybe because of this:

IFR:
AUD up through 1.0390 amid rumour Bundesbank will add AUD to reserve mix
Speculation of imminent RRR cut in China/pick-up in China Bank lending underpin
AUD looks poised to match-off with option supply above 1.0400

AUD/USD opened on Thursday at 1.0363 and has traded a 1.0357-95 range so far today; last at 1.0394. It has been basically another grind higher for the AUD with stops tripped above 1.0380 but standing sell orders ahead of 1.0400 cap for now. The chase for yield across the globe in on in earnest but it looks somewhat selective with AUD leading the charge due benefit of its AAA credit rating yet JPY continues to rally despite its zero yield. I suppose zero is better than negative yield. Some are now saying that the AUD has shed its "risk'" asset tag but of course that would be an exaggeration. It might have been pushed to one side since the world changed earlier this month when the ECB reduced its deposit rate to zero. How long this last however is anyone's guess. As I write rumours of a triple RRR cut in China do the rounds whilst Reuters reports that China's big four banks have doubled the pace of lending in the first half of July. All positives for the AUD and probably enough to get it through 1.0400 at some stage this afternoon. @thomsonreuters.com
  • #50,645
  • Jul 18, 2012 10:31pm Jul 18, 2012 10:31pm
told ya 1.04 no retrace
Sometimes it's better to be wrong,to learn..
  • #50,646
  • Jul 18, 2012 10:51pm Jul 18, 2012 10:51pm
Yes aussie, bleed those bears.
  • #50,647
  • Jul 18, 2012 11:06pm Jul 18, 2012 11:06pm
holding my shorts (5 of them)to see what London will do.Asians are in buy mode.Hopefully British will push this down to reality.
In trading, you have to be defensive and aggressive at the same time
  • #50,648
  • Jul 18, 2012 11:06pm Jul 18, 2012 11:06pm
Quoting payal
Maybe because of this:

IFR:
AUD up through 1.0390 amid rumour Bundesbank will add AUD to reserve mix
Speculation of imminent RRR cut in China/pick-up in China Bank lending underpin
AUD looks poised to match-off with option supply above 1.0400

AUD/USD opened on Thursday at 1.0363 and has traded a 1.0357-95 range so far today; last at 1.0394. It has been basically another grind higher for the AUD with stops tripped above 1.0380 but standing sell orders ahead of 1.0400 cap for now. The chase for yield across the globe in on in earnest but it looks...
thank you
In trading, you have to be defensive and aggressive at the same time
  • #50,649
  • Jul 18, 2012 11:15pm Jul 18, 2012 11:15pm
even after the negative result of aud in accordance with fundamental , why it got upward movement rather than downward ??? please explain
  • #50,650
  • Jul 18, 2012 11:17pm Jul 18, 2012 11:17pm
Quoting Davit
I am baffled why such up move.I can't find any reasonable explanation why bears are not taking this a apart
Why all of sudden Auzzi fking dollar became valuable
Its fking relentless
I've posted a fundmental analysis on why the AUD will be strong and bullish in the upcoming months weeks back.

Go take a look. Most here were still screaming short the AUD which would be valid if they do intraday.


As for the long term vs short term, I'll just say do what works best for you cause at the end of the day, the money is all that matters.
  • #50,651
  • Jul 18, 2012 11:18pm Jul 18, 2012 11:18pm
Quoting himanshudutt
even after the negative result of aud in accordance with fundamental , why it got upward movement rather than downward ??? please explain
if market could be explained like this then we all will win...for all we know it may go up 100 pips and then crash 300....at the moment all remaining shorts are being squeezed so Aussie has no sellers left at current level....till it meets sellers it will continue to rise.....enjoy the ride dont fight it
  • #50,652
  • Jul 18, 2012 11:32pm Jul 18, 2012 11:32pm
Quoting samirs
if market could be explained like this then we all will win...for all we know it may go up 100 pips and then crash 300....at the moment all remaining shorts are being squeezed so Aussie has no sellers left at current level....till it meets sellers it will continue to rise.....enjoy the ride dont fight it
1.047x might give a pull-back
New voice message: Why are you calling me? If I need you, I'll call you!
  • #50,653
  • Jul 18, 2012 11:32pm Jul 18, 2012 11:32pm
Quoting KillerWhale
Levels I'll be watching:

1.0473
1.0700 (The descending trend line from almost a year ago @ 1.1079)
been a nice run up since friday last week
i also see about 1.0500 as a target
Attached Image(s) (click to enlarge)
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  • #50,654
  • Jul 18, 2012 11:33pm Jul 18, 2012 11:33pm
Quoting samirs
if market could be explained like this then we all will win...for all we know it may go up 100 pips and then crash 300....at the moment all remaining shorts are being squeezed so Aussie has no sellers left at current level....till it meets sellers it will continue to rise.....enjoy the ride dont fight it
While a lot bears shouting Aussie would go to parity last week, I believed the bears only saw half of the big picture and posted my vision that the bullish pattern was incomplete. Even it's still incomplete now, I see a retracement is forming. The run is not over yet but Aussie has to take a break now.
daddybearforex. com
  • #50,655
  • Jul 18, 2012 11:35pm Jul 18, 2012 11:35pm
Quoting Davit
holding my shorts (5 of them)to see what London will do.Asians are in buy mode.Hopefully British will push this down to reality.
That sounds like a bad idea.. and I know bad ideas. If it does.. your good, but if it doesn't your digging yourself in a deeper hole, if its hard to cut now.. it will be harder to cut when its even MORE..Red.
There are those who know, and there are those who don't know.
  • #50,656
  • Jul 18, 2012 11:40pm Jul 18, 2012 11:40pm
Quoting DaddyBear
While a lot bears shouting Aussie would go to parity last week, I believed the bears only saw half of the big picture and posted my vision that the bullish pattern was incomplete. Even it's still incomplete now, I see a retracement is forming. The run is not over yet but Aussie has to take a break now.
You and I, both.

Guess who is laughing to the bank right now?
  • #50,657
  • Jul 18, 2012 11:42pm Jul 18, 2012 11:42pm
Am short in AU at 1.0395 tp at 1.0335
  • #50,658
  • Jul 18, 2012 11:42pm Jul 18, 2012 11:42pm
I bought into the idea of a retracement.. and put a short in with a tight s/l and got squeezed out so.. I'll put a short in once.. there is a definitive retertracement.. and catch some of it.
There are those who know, and there are those who don't know.
  • #50,659
  • Jul 18, 2012 11:44pm Jul 18, 2012 11:44pm
Quoting DaddyBear
While a lot bears shouting Aussie would go to parity last week, I believed the bears only saw half of the big picture and posted my vision that the bullish pattern was incomplete. Even it's still incomplete now, I see a retracement is forming. The run is not over yet but Aussie has to take a break now.
By the same token, a lot bulls are shouting Aussie should go to 1.047xx or 1.0500 now. I would say yes but not right now. This bull has run uphill long enough in just a few sessions. Shouldn't she deserve taking a break?
daddybearforex. com
  • #50,660
  • Jul 18, 2012 11:47pm Jul 18, 2012 11:47pm
a short is worth a try here....i wont definitely buy fresh here at these levels at the moment..
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