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AUD/USD

  • #54,221
  • Oct 18, 2012 12:49pm Oct 18, 2012 12:49pm
Quoting sidhujag
buy 1.0375 sl 1.0365
Hi Sidhujag,

You use a tight SL! I am not able to do that as of yet which is why I can really only trade off of the Daily charts...

Do you mind me asking what your perspective is on AUD/JPY if possible?
  • #54,222
  • Oct 18, 2012 12:50pm Oct 18, 2012 12:50pm
Quoting mas_iyoo
hahahahaha, fuck this shit....

y'all gotta believe this shit....
even y'all use trusted indicator like y'all said before, trust me, the only things work are R/S and MA....

yeah, y'all also are able to figure out the pattern...

that sll the shit you gotta use......

trust me due
Ok... I think you may have posted in the wrong thread... LOL
  • #54,223
  • Oct 18, 2012 12:54pm Oct 18, 2012 12:54pm
Right now its chop Last Ny hour is best for a follow through either way. Go outside ppl and enjoy the day if you got in at 1.04 1.0410 Patience is a virtue

61.8 from Last years hi/lo is 1.0369

The 50%retrace from the recent hi to low is 1.0386 its in an undecided point here. Wait for confirmation to add or go long.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-18-TOS_CHARTS.jpg Size: 214 KB
  • #54,224
  • Oct 18, 2012 12:57pm Oct 18, 2012 12:57pm
s&p just broke sideways support for the last day and a half lets see if it leaks to aud Hourly has not closed yet so it could come back but looks doubtful
  • #54,225
  • Oct 18, 2012 12:58pm Oct 18, 2012 12:58pm
Quoting 100PipsADay
Hi Sidhujag,

You use a tight SL! I am not able to do that as of yet which is why I can really only trade off of the Daily charts...

Do you mind me asking what your perspective is on AUD/JPY if possible?
Long term bearish because of AUD but bullish because of JPY.. might be a good short term trade for a few hundred but long term I dont like it.

I would prefer USDJPY I see a long term USD bull coming.
  • #54,226
  • Oct 18, 2012 1:00pm Oct 18, 2012 1:00pm
Quoting sidhujag
buy 75 sl 70 tester trades
out -5 at 70 for both dont like it
  • #54,227
  • Oct 18, 2012 1:04pm Oct 18, 2012 1:04pm
Hi Sidhujug (and anyone else reading), Yes, from what I've seen in terms of AUD and USD, the JPY is showing a clear trend. It's very strong at the moment. What's your (or anyone's) view on the AUD?
  • #54,228
  • Oct 18, 2012 1:04pm Oct 18, 2012 1:04pm
The Chop Monster is about. I'm not going to feed him. I'll see if things settle in the Asian session.
FF journal: Peaks and Troffs
  • #54,229
  • Oct 18, 2012 1:05pm Oct 18, 2012 1:05pm
Quoting sidhujag
Long term bearish because of AUD but bullish because of JPY.. might be a good short term trade for a few hundred but long term I dont like it.

I would prefer USDJPY I see a long term USD bull coming.
Interesting... I'm long AUD/JPY right now but I have actually been wondering about this. What is really interesting is that "normally" USD/JPY goes down as other majors go down as it is the classic "Risk Off" sentiment. Right?

However, with the fundamental problems that Japan is facing I don't think that it will hold its "safe haven" status if/when markets drop.

I personally don't like trading USD/JPY as it doesn't have much action. I remember reading in "Strats Stress Free" thread a quote in reference to USD/JPY: This thing has "nice lines" but lousy action - reminds me of a girl I once knew!

This might be the smartest longer term trade though in comparison to the other JPY cross pairs... Thanks for your input Sidhujag!
  • #54,230
  • Oct 18, 2012 1:08pm Oct 18, 2012 1:08pm
Quoting 100PipsADay
Interesting... I'm long AUD/JPY right now but I have actually been wondering about this. What is really interesting is that "normally" USD/JPY goes down as other majors go down as it is the classic "Risk Off" sentiment. Right?

However, with the fundamental problems that Japan is facing I don't think that it will hold its "safe haven" status if/when markets drop.

I personally don't like trading USD/JPY as it doesn't have much action. I remember reading in "Strats Stress Free" thread a quote in reference to USD/JPY: [i]This thing...
Well yea JPY usually strengthens more than USD on risk aversion but we need a catalyst to say that JPY is no longer a safe haven... I still suspect a capitulation event and then an onstop grind upwards for the pair. After that the news should start to read that JPY is no longer safe haven, USD should rise with equities as US has military power noone will F'k with and the numbers are improving compared to UK.
  • #54,231
  • Oct 18, 2012 1:09pm Oct 18, 2012 1:09pm
Quoting sidhujag
Long term bearish because of AUD but bullish because of JPY.. might be a good short term trade for a few hundred but long term I dont like it.

I would prefer USDJPY I see a long term USD bull coming.
Sorry Sidhujag, one more question for you.

You mentioned that you see a long term USD bull coming. What would be the best sign or indicator showing when this trend starts? I also think we are at multi-year lows with USD and see a reversal towards the upside coming soon for various reasons, but it is definitely hard to say when this bull run will occur.

Also, I am not a "position trader" so fundamental / long term views (like my JPY forecast) don't really hold much water in regards to how I trade. I'm more of a Swing trader.
  • #54,232
  • Oct 18, 2012 1:10pm Oct 18, 2012 1:10pm
Quoting Didgeridoo
Hi Sidhujug (and anyone else reading), Yes, from what I've seen in terms of AUD and USD, the JPY is showing a clear trend. It's very strong at the moment. What's your (or anyone's) view on the AUD?
Bullish until the low 1.0150 is broken... eyeing 1.0670 right now if this is a mid.
  • #54,233
  • Oct 18, 2012 1:11pm Oct 18, 2012 1:11pm
Quoting 100PipsADay
Sorry Sidhujag, one more question for you.

You mentioned that you see a long term USD bull coming. What would be the best sign or indicator showing when this trend starts? I also think we are at multi-year lows with USD and see a reversal towards the upside coming soon for various reasons, but it is definitely hard to say when this bull run will occur.

Also, I am not a "position trader" so fundamental / long term views (like my JPY forecast) don't really hold much water in regards to how I trade. I'm more of a Swing trader.
Look for USD rising with equities... it already happened a few times this year... best thing is to wait for capitulation event ie strong fall and high stopping volume... look at JP's message yesterday... around 75-76 looks OK... if it doesn't come dont go in... I dont see the R/R long term. Unless you spot something on a lower TF and then get lucky!

According to me 80 should be a long term floor!
  • #54,234
  • Oct 18, 2012 1:15pm Oct 18, 2012 1:15pm
Theres a good gold opportunity at around 1644/1625 to target around 1750 and up... hold and add around 1675-1700 after 1750+ has been reached... hold until 23xx... if any of the numbers break then plan changed.
  • #54,235
  • Oct 18, 2012 1:30pm Oct 18, 2012 1:30pm
Dollar index broke resistance next logical area is the 786 sitting at 79.431 where it gaped lower on Wednesday open This puts pressure on AUD/USD which by the way also broke 618%
  • #54,236
  • Oct 18, 2012 1:34pm Oct 18, 2012 1:34pm
Quoting sidhujag
Theres a good gold opportunity at around 1644/1625 to target around 1750 and up... hold and add around 1675-1700 after 1750+ has been reached... hold until 23xx... if any of the numbers break then plan changed.
That's very bullish on gold! Well I am too, but I don't expect it to reach that level for years.

What time do you think it'll reach 2300?

Also may I ask why you are so bullish on gold AND USD? Gold priced in other currencies have actually been pretty flat, usd weakness is the main reason why gold is so high now.
  • #54,237
  • Oct 18, 2012 1:46pm Oct 18, 2012 1:46pm
Quoting jplazard
Dollar index broke resistance next logical area is the 786 sitting at 79.431 where it gaped lower on Wednesday open This puts pressure on AUD/USD which by the way also broke 618%
The Aud seems to be getting its teflon strength back, every other non safe haven currency is getting murdered while the aussie is still doing ok.
  • #54,238
  • Oct 18, 2012 2:01pm Oct 18, 2012 2:01pm
You know were in decline when ppl are upset at the printing or Sec ppl on Goog for not issuing a statement and not the company itself for the bad earnings. The fall of man

The earnings were going to be the same here or at the close and the fall was going to be the same what is this mentality of WE NEED TO FIND OUT WHAT HAPPENED INVESTIGATE!!!!
  • #54,239
  • Oct 18, 2012 2:02pm Oct 18, 2012 2:02pm
Since last night when we launched were winning the battle lol


Inserted Video
  • #54,240
  • Oct 18, 2012 2:03pm Oct 18, 2012 2:03pm
Quoting jplazard
Since last night when we launched were winning the battle lol


http://www.youtube.com/watch?v=uYFta...eature=related
lol! awesome dude
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