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GBP/AUD - Daily Trading

  • #41
  • Jun 6, 2012 9:20pm Jun 6, 2012 9:20pm
The string of news events as of late has done a wonderful job of hammering this pair down, if we close under 38.2% (1.556) then next target will be 50% (1.537)

while exposure is slightly greater for AUD than GBP on this pair, definitely locking some profit and keeping an eye for tonights GBP announcements. announcing another round of QE could weaken the pair and help bring down GBPAUD further
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.jpg Size: 159 KB
  • #42
  • Jun 12, 2012 5:47pm Jun 12, 2012 5:47pm
I just saw this analysis through someone I follow on Twitter and this looks brilliant for a nice ride down. Any thoughts or critiques? Thanks to the original poster.....great chart!

http://deni.autochartist.com/daily-f...ce=twitterfeed
  • #43
  • Jul 1, 2012 12:50pm Jul 1, 2012 12:50pm
Quoting vladimir.kuc
some profit fixation...

http://imgs.su/tmp/2012-06-07/1339026473-575.jpg



__
Hi Vladimir

I have emailed you - do hope you have time to reply.
Really great trading - pro trading in fact!

I think where I and possibly many small traders fall short is on the mental side - especially if you've had losses and you are trading high leverage - probably a fatal combination!
  • #44
  • Jul 1, 2012 12:54pm Jul 1, 2012 12:54pm
Just interested to know if anyone trades GBPNZD along with GBPAUD?

I kinda think that they have both have maybe got a long way to fall still? Maybe another 1000 pips - anyone agree?
  • #45
  • Jul 1, 2012 5:54pm Jul 1, 2012 5:54pm
Quoting jmtini
Just interested to know if anyone trades GBPNZD along with GBPAUD?

I kinda think that they have both have maybe got a long way to fall still? Maybe another 1000 pips - anyone agree?

Hi,

I do trade GBPAUD and I agree...I'm looking for a pullback to get in short and ride it to a test of 1.46

Happy Pippin!
  • #46
  • Jul 2, 2012 7:21am Jul 2, 2012 7:21am
Quoting forexstrah
I just saw this analysis through someone I follow on Twitter and this looks brilliant for a nice ride down. Any thoughts or critiques? Thanks to the original poster.....great chart!

http://deni.autochartist.com/daily-f...ce=twitterfeed
Thanks so much for that tip forexstrah

I checked out this mornings signal on on the site for NZDUSD and went long for a nice few pips so far!
  • #47
  • Jul 2, 2012 7:32am Jul 2, 2012 7:32am
Quoting forexstrah
Hi,

I do trade GBPAUD and I agree...I'm looking for a pullback to get in short and ride it to a test of 1.46

Happy Pippin!
Thanks for that - I missed the good entry at 8.00am this morning (GMT)

The trend is so steep I'm looking for another entry off the 30 min resistance (using tunnel)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud m30.gif Size: 22 KB
  • #48
  • Jul 2, 2012 7:44am Jul 2, 2012 7:44am
Wow it's broken through the 30 min resistance - looking at the 1 hr now - see what happens at start of 2.00pm candle?
  • #49
  • Jul 4, 2012 1:59pm Jul 4, 2012 1:59pm
Hi forexstrah

You still in?

I just re-entered
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud 15 min chart.gif Size: 19 KB
  • #50
  • Jul 5, 2012 7:43pm Jul 5, 2012 7:43pm
Hi forexstrah

Lovely falls yesterday weren't they!!

Just awaiting break of trendline!
Attached Image (click to enlarge)
Click to Enlarge Name: euraud 30 min chart.gif Size: 19 KB
  • #51
  • Jul 10, 2012 1:16am Jul 10, 2012 1:16am
Quoting jmtini
Hi forexstrah

Lovely falls yesterday weren't they!!

Just awaiting break of trendline!

That was a great run. I am out now and waiting for a pullback before getting back in. I still think we will see 1.46 eventually but looking at the longer time frame charts (weekly) we are overdue for a "bar that refreshes".

What are your thoughts now?
  • #52
  • Jul 10, 2012 3:16am Jul 10, 2012 3:16am
Quoting forexstrah
That was a great run. I am out now and waiting for a pullback before getting back in. I still think we will see 1.46 eventually but looking at the longer time frame charts (weekly) we are overdue for a "bar that refreshes".

What are your thoughts now?

Hi forexstrah

The market is totally flat at the moment. Pretty miserable! I'm not in anything and waiting to see if we have a solid break of 5200 or 5260 (going up) as far as GBPAUD is concerned. Agree that we're probably in consolidation maybe even counter-trend?
  • #53
  • Jul 27, 2012 10:52am Jul 27, 2012 10:52am
Hi forexstrah

You still around?

Really looking good for further down move to 4800 or less?

You do you think?
  • #54
  • Aug 15, 2012 7:53pm Aug 15, 2012 7:53pm
Quoting jmtini
Hi forexstrah

You still around?

Really looking good for further down move to 4800 or less?

You do you think?

Hiya mate....sorry been focused on my studies. I still see an attack at 1.46 coming. I am waiting to get in short. Hope you are grabbing some pips!
  • #55
  • Aug 16, 2012 2:30am Aug 16, 2012 2:30am
Quoting forexstrah
Hiya mate....sorry been focused on my studies. I still see an attack at 1.46 coming. I am waiting to get in short. Hope you are grabbing some pips!
Yes absolutely agree - looking at GBPNZD too and have a pending sell trade at 1.9380
  • #56
  • Aug 17, 2012 5:26pm Aug 17, 2012 5:26pm
Weekly chart for gbp/aud shows a reversal candle formation (Morning Star).
I booked all my shorts from the end of February yesterday.

I am now building small tester positons cautiously at this point, as the price has retraced into a possible correction short term. Stop losses above 1.5160.

I see more upside potential in this pair, and I trade it for swap interest, not pip gain. Very small positions with lots of free margin to run negative if she must, but still counting on a continuation of the long term carry trade downtrend around Sept. This is a separate account from my day trading acct. Set and forget. once stop loss is moved to break even, the risk is removed. But for now there is risk of loss.
Attached Image (click to enlarge)
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  • #57
  • Aug 17, 2012 5:38pm Aug 17, 2012 5:38pm
The daily charts shows a bullish engulfing candle, breaking the aqua colored 23 fib of the last downtrend from 1.6183 to 1.4709.

Tuesday, she broke above the green 22 sma, re-tested and held the next 2 days, then soared up today (Friday), halfway to the brown 55 sma sitting up around 1.5147 area. That is the next upside target. The red 200 sma is sitting around the 1.5231 price level for now.

It is not unusual for the month of August to produce retraces in all the pairs. It is a seasonal pattern to be aware of.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud daily.gif Size: 25 KB
  • #58
  • Aug 18, 2012 8:02am Aug 18, 2012 8:02am
Quoting ovaforty
The daily charts shows a bullish engulfing candle, breaking the aqua colored 23 fib of the last downtrend from 1.6183 to 1.4709.

Tuesday, she broke above the green 22 sma, re-tested and held the next 2 days, then soared up today (Friday), halfway to the brown 55 sma sitting up around 1.5147 area. That is the next upside target. The red 200 sma is sitting around the 1.5231 price level for now.

It is not unusual for the month of August to produce retraces in all the pairs. It is a seasonal pattern to be aware of.
Thanks for that, ovaforty.

My concern is that with AU in a downtrend - Aussie is obviously weak and looks set for a fall back to parity with the Dollar - could mean a 300 pip rise or more when it comes to GBPAUD
  • #59
  • Aug 18, 2012 8:31am Aug 18, 2012 8:31am
I'd be VEEERRRYY careful going long here, guys. Looks like you'll be buying the top as far as I can see. I think we'll be making new lows here shortly.
  • #60
  • Sep 22, 2012 2:41pm Sep 22, 2012 2:41pm
Well I should have listened to myself, shouldn't I!

GBPAUD did not rise by 300 pips it went up by 600pips!
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