AUD/USD | Page 2562 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #51,221
  • Jul 30, 2012 6:24pm Jul 30, 2012 6:24pm
Quoting bogus
I'm flat A/U and short E/A from 1.725
I'm waiting for a pullback on A/U to go long or a 1.2.3 1hour reversal to go short. It could well go sideways, I'm not going to guess.
I have my chart similar as yours, i have enter short base on TA. lets see
trade safe
  • #51,222
  • Jul 30, 2012 8:15pm Jul 30, 2012 8:15pm
I know this is AU blog but cant resist to post this on NZD/USD.

There is a possible very good short opportunity arising on NZD/USD. This pair has been bullish from last few days when i was expecting it to be bearish when days back it broke the .7930 region and then it retested that region last week and could not break it on first occasion and then finally broke on Thursday with news.
If you look on Daily chart, there is downward resistance line. Also on Fibonacci extension of .7370-.8842, the 50% level is at .8106. Recently pair tested this level and seems like it is finding hard to break this level as strong resistance is provided by downward trend line and 50% level.
For the moment this level can only be breached because of strong fundamental reasons. There are few news lined up in US and none in NZ.
Going back to March-April on the chart where red oval is, we can see the 50% level acted as very good support and finally when this level was breached, the pair dropped around 600 pips and found a resistance at .7467 on 2nd October 2011 and this level has been retested again this year twice in May.(Highlighted in Blue ovals)
Now if you look on the 4-hours chart, two lines can be seen which in the past on few occasions acted as support and resistance. Breaching the lower line can be good short entry point and 38.2% level will be profit target however to be on safe side, I will target .7960 though longer term it can go even below. If you look at white rectangles on the chart, it can be counted how many times 38.2 level has been tested, so breaching that means NZD/USD is Bearish.
Another noticeable thing on this chart is the candles highlighted in red ovals. Before the last reversal happened, candles formed such shapes and they are forming again this time.
Recently Redbeben gave me a tip i.e Bigger the time frames smaller should be lot size and vice versa. Keeping in mind time frames of my analysis, think of the lot size. Stop .8040 will be good Stop loss Level bringing the profit to risk reward 2:1.
I am confident about this trade but there is nothing 100% in Forex about the trades so use stop loss.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30 JULY 12 -2 NZDUSDDaily.gif Size: 18 KB
Click to Enlarge Name: 30 JULY 12 -2 FINAL NZDUSDH4.GIF Size: 21 KB
  • #51,223
  • Jul 30, 2012 8:26pm Jul 30, 2012 8:26pm
Quoting Niranj
I know this is AU blog but cant resist to post this on NZD/USD.

There is a possible very good short opportunity arising on NZD/USD. This pair has been bullish from last few days when i was expecting it to be bearish when days back it broke the .7930 region and then it retested that region last week and could not break it on first occasion and then finally broke on Thursday with news.
If you look on Daily chart, there is downward resistance line. Also on Fibonacci extension of .7370-.8842, the 50% level is at .8106. Recently pair tested this...
ur expectancy should rise on larger tf but profit factor may or may not change. Depends on how well u handle losses
  • #51,224
  • Jul 30, 2012 8:36pm Jul 30, 2012 8:36pm
Quoting stulic
If 1.0500 gives in 1.0575 is next and then LTTL around 1.0670. Wouldn't wanna short this one.
It depends if QE3 is priced in.... or if QE3 does not happen....
  • #51,225
  • Jul 30, 2012 8:39pm Jul 30, 2012 8:39pm
Quoting sidhujag
ur expectancy should rise on larger tf but profit factor may or may not change. Depends on how well u handle losses
true larger tfs more reliable thats wot i felt too. its like you get bigger picture to see. what you think of this pair?
  • #51,226
  • Jul 30, 2012 8:50pm Jul 30, 2012 8:50pm
Quoting Niranj
true larger tfs more reliable thats wot i felt too. its like you get bigger picture to see. what you think of this pair?
au is funny sometimes it acts as safe haven other times as a risk pair but been really strong unless china bubble talks start. As long as china pmi comes out good everytime u can buy. Snp is also a bull which is correlated due
to risk. We grtting close to my target so im anxious to see what happens been waiting a year
  • #51,227
  • Jul 30, 2012 10:56pm Jul 30, 2012 10:56pm
This pair shows no slowing down.
Got 4 shorts 48-53 and I am concern.Misjudged the up move.
In trading, you have to be defensive and aggressive at the same time
  • #51,228
  • Jul 30, 2012 11:05pm Jul 30, 2012 11:05pm
I just went short at 1.0530

AUD and equities should drop, I also expect short covering on EURAUD
  • #51,229
  • Jul 30, 2012 11:08pm Jul 30, 2012 11:08pm
Already carrying a short,if it goes up some more.
I do another one
Yes for sure its going up,but a retrace is due soon
  • #51,230
  • Jul 30, 2012 11:13pm Jul 30, 2012 11:13pm
lot of talk about QE3 and I can't find it in the news calender.
Can someone please post when this is due?
In trading, you have to be defensive and aggressive at the same time
  • #51,231
  • Jul 30, 2012 11:25pm Jul 30, 2012 11:25pm
Quoting eliteincome
Already carrying a short,if it goes up some more.
I do another one
Yes for sure its going up,but a retrace is due soon
If you don't mind me saying that's a sure way to blow an account. The market will do what it will do.As a swingtrader I'm amazed at people trying to pick tops and bottoms. This could well be an exhaustion spike, but what if news out of Europe drives this higher? Patience is the name of the game.
FF journal: Peaks and Troffs
  • #51,232
  • Jul 30, 2012 11:46pm Jul 30, 2012 11:46pm
Hello
My short is $2.60 - at the moment
You are right it could rocket up,
Tricky little rooster,lots off retail buyers pushing it up
  • #51,233
  • Jul 30, 2012 11:47pm Jul 30, 2012 11:47pm
Quoting eliteincome
Hello
My short is $2.60 - at the moment
You are right it could rocket up,
Tricky little rooster,lots off retail buyers pushing it up
Retail buyers don't account for much.
  • #51,234
  • Jul 30, 2012 11:49pm Jul 30, 2012 11:49pm
Quoting bogus
If you don't mind me saying that's a sure way to blow an account. The market will do what it will do.As a swingtrader I'm amazed at people trying to pick tops and bottoms. This could well be an exhaustion spike, but what if news out of Europe drives this higher? Patience is the name of the game.
Buying and selling inside the trend until it gives is how you make money. People trying to pick bottoms and tops constantly will have an occasional blow out win (and then pussy out and close their trade too early, not letting it run because they lose so much), but 90% of the time they're going to be eating losses.
  • #51,235
  • Jul 31, 2012 1:26am Jul 31, 2012 1:26am
Quoting Davit
lot of talk about QE3 and I can't find it in the news calender.
Can someone please post when this is due?
When the FOMC comes out with a statement, if it's not hinted before by one of the members.
Don't get mad, get even!
  • #51,236
  • Jul 31, 2012 4:40am Jul 31, 2012 4:40am
EURAUD another fresh low @1.1645

AUDUSD looks like heading towards 1.0570 after 1.0500 has clearly given in.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud3107121.gif Size: 41 KB
Don't get mad, get even!
  • #51,237
  • Jul 31, 2012 4:52am Jul 31, 2012 4:52am
GBPAUD the same, resumed initial pace of downtrend, 1.4900 in danger but likely midterm target remains 1.4550 IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud3107121.gif Size: 47 KB
Don't get mad, get even!
  • #51,238
  • Jul 31, 2012 5:58am Jul 31, 2012 5:58am
Quoting C5fx
Buying and selling inside the trend until it gives is how you make money. People trying to pick bottoms and tops constantly will have an occasional blow out win (and then pussy out and close their trade too early, not letting it run because they lose so much), but 90% of the time they're going to be eating losses.
Very familiar feeling mate.......i have ever wasted a week and lots of capital just "waiting for the bullish/bearish breakout". Nonsense.
  • #51,239
  • Jul 31, 2012 7:54am Jul 31, 2012 7:54am
Quoting stulic
GBPAUD the same, resumed initial pace of downtrend, 1.4900 in danger but likely midterm target remains 1.4550 IMO.
What you think of 78.6% fib level it is retesting now at 1.49 on extension of 1.46-1.62?
even though i m bearish about this pair as well, as AUD is in bullish mode and sterling in bearish.
  • #51,240
  • Jul 31, 2012 8:09am Jul 31, 2012 8:09am
Quoting Niranj
What you think of 78.6% fib level it is retesting now at 1.49 on extension of 1.46-1.62?
even though i m bearish about this pair as well, as AUD is in bullish mode and sterling in bearish.
There's always plenty of opportunities to catch pips on the long side at fibs, psych levels and previous lows, but the general direction is down for the time being.
Don't get mad, get even!
29 traders viewing now