AUD/USD | Page 2718 | 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

  • #54,341
  • Oct 20, 2012 10:59pm Oct 20, 2012 10:59pm
Quoting 100PipsADay
EUR/USD is going to gap down. Currently at 1.2978. Roughly 40 pip gap down from Friday's close.

AUD/USD should also gap down as well, normally a Gap down is short term bullish after opening.
aka: buy the dip.
Time turns trend. - W.D. Gann
  • #54,342
  • Oct 20, 2012 11:09pm Oct 20, 2012 11:09pm
Quoting ForExtraPips
aka: buy the dip.
Exactly!
  • #54,343
  • Oct 21, 2012 12:25am Oct 21, 2012 12:25am
Quoting geniusztc
where to see the weekend rates ?
Hey Everybody,

I apologize for my mistake. I was checking Oanda after hours but it looks like they have some sort of "banner ad" which was showing EUR/USD rates fluctuating.

Check the following link tomorrow morning to see if we actually do in fact have a Gap down/up. If Gap down, then I am even more so bullsh on AUD for the time being mainly due to such a strong weekly candle.

http://www.oanda.com/currency/live-exchange-rates/
  • #54,344
  • Oct 21, 2012 12:46am Oct 21, 2012 12:46am
absolutely ....they're dancing on the weekend. no off days for them

just realize ?

so what ? wkwkkw

Quoting 100PipsADay
Hey Everybody,

I apologize for my mistake. I was checking Oanda after hours but it looks like they have some sort of "banner ad" which was showing EUR/USD rates fluctuating.

Check the following link tomorrow morning to see if we actually do in fact have a Gap down/up. If Gap down, then I am even more so bullsh on AUD for the time being mainly due to such a strong weekly candle.

http://www.oanda.com/currency/live-exchange-rates/
Attached Image (click to enlarge)
Click to Enlarge Name: dancing.JPG Size: 25 KB
Attached Image
not euphoria follower
  • #54,345
  • Oct 21, 2012 2:11am Oct 21, 2012 2:11am
Hey my friends

While Ill still be trading the forex on the larger TF swings, upon review of the current macro economic climate Ill be turning the bulk of my attention to the futures markets. Specifically the ES, CL and 6E/6A as well as some other equities and indices.

Volume is down tremendously in forex due to all the CB interference and it has chased many of the larger players out of the FX markets. Friday was an excellent elegant example of such deleveraging. The Dow drops the most in 4 months along with the spx and nasdaq on tremendous volume yet the EU moves a paltry 64 pips and not one major FX pair could even manage a decent 100 point day

I made a killing shorting ES from 1450+ and until the CB's stop screwing around so much in FX that is where I will continue to keep my attention.

Good luck my friends

Wulf
  • #54,346
  • Oct 21, 2012 3:10am Oct 21, 2012 3:10am
Hmm looking at 1h, 4h and even daily seems bearish to me technically. Large sell orders at end of friday and with bad euro summit results, projected aus budget deficit of 21 billion, i dont see how market is bullish on aud. Gold and S&P are also down as well. Long term might still be bullish though.
  • #54,347
  • Oct 21, 2012 6:04am Oct 21, 2012 6:04am
AUDUSD going to visit 1.0150 this week and will test last support

http://im13.gulfup.com/DOwQ1.jpg
  • #54,348
  • Oct 21, 2012 7:32am Oct 21, 2012 7:32am
AUD sitting above the support level of 1.0308 where it has closed for the week. Could be a pullback before trend continuation.
  • #54,349
  • Oct 21, 2012 8:15am Oct 21, 2012 8:15am
Quoting Spoony
Hmm looking at 1h, 4h and even daily seems bearish to me technically. Large sell orders at end of friday and with bad euro summit results, projected aus budget deficit of 21 billion, i dont see how market is bullish on aud. Gold and S&P are also down as well. Long term might still be bullish though.
Market does the opposite of what everyone expects it to - and then drops when everyone least expects it. That's rather common.
  • #54,350
  • Oct 21, 2012 8:30am Oct 21, 2012 8:30am
Short view for the Aus200.

We are around an important resistance and the 128days cycle end is near (So it should bottom early)

Attached Image (click to enlarge)
Click to Enlarge Name: aus200.png Size: 62 KB
  • #54,351
  • Oct 21, 2012 8:40am Oct 21, 2012 8:40am
Quoting mikijk3
Short view for the Aus200.

We are around an important resistance and the 128days cycle end is near (So it should bottom early)

Attachment
Here the zoomed chart

Attached Image (click to enlarge)
Click to Enlarge Name: AUS2002.png Size: 62 KB
  • #54,352
  • Oct 21, 2012 11:07am Oct 21, 2012 11:07am
Quoting maximmm
Market does the opposite of what everyone expects it to - and then drops when everyone least expects it. That's rather common.
If the market does the opposite of what everyone expects it to, then why doesn't everyone expect that the markets do the opposite of what they expect? I guess you could say that it's still doing the unexpected, but when you expect either to happen, then the unexpected is something totally unexpected. Like an asteroid hitting Earth and destroying something valuable.

So, if it's common that the markets do the unexpected, then why isn't everyone rich?
Play the players, not the cards.
  • #54,353
  • Oct 21, 2012 11:11am Oct 21, 2012 11:11am
Quoting GnarlyPips
If the market does the opposite of what everyone expects it to, then why doesn't everyone expect that the markets do the opposite of what they expect? I guess you could say that it's still doing the unexpected, but when you expect either to happen, then the unexpected is something totally unexpected. Like an asteroid hitting Earth and destroying something valuable.

So, if it's common that the markets do the unexpected, then why isn't everyone rich?
mind = blown
Any prices quoted are futures
  • #54,354
  • Oct 21, 2012 11:11am Oct 21, 2012 11:11am
Quoting GnarlyPips
If the market does the opposite of what everyone expects it to, then why doesn't everyone expect that the markets do the opposite of what they expect? I guess you could say that it's still doing the unexpected, but when you expect either to happen, then the unexpected is something totally unexpected. Like an asteroid hitting Earth and destroying something valuable.

So, if it's common that the markets do the unexpected, then why isn't everyone rich?
When you do the opposite of what you think the market thinks that you think, then market turns and does the opposite still. haha... ah, I'm kidding - sort of.
  • #54,355
  • Oct 21, 2012 11:15am Oct 21, 2012 11:15am
You know how it is - the saying is, 95% of traders lose their money -
the key is to think like the winning 5 per cent - the question is, what are they thinking?!^^

Otherwise - I suspect that the key to being in the 5% margin lies in sound trade money management - since even the best sometimes make incorrect guesses.
  • #54,356
  • Oct 21, 2012 11:20am Oct 21, 2012 11:20am
Quoting maximmm
You know how it is - the saying is, 95% of traders lose their money -
the key is to think like the winning 5 per cent - the question is, what are they thinking?!^^

Otherwise - I suspect that the key to being in the 5% margin lies in sound trade money management - since even the best sometimes make incorrect guesses.
The 95% who lose their money make up around 4-5% of any daily volume in the Forex. The other 5% do not make enough money by taking the money from the 95%, they take each other's money. It could be possible that Phil Hellmuth will sit down at a 1/2 home poker game that's only known by it's participants. It's also very possible that he would never waste his time because the amount of money to be won playing a 1/2 home cash game is nothing compared to the high stakes he usually plays.
Play the players, not the cards.
  • #54,357
  • Oct 21, 2012 11:52am Oct 21, 2012 11:52am
Quoting maximmm
You know how it is - the saying is, 95% of traders lose their money -
the key is to think like the winning 5 per cent - the question is, what are they thinking?!^^

Otherwise - I suspect that the key to being in the 5% margin lies in sound trade money management - since even the best sometimes make incorrect guesses.

The best understand market structure and what truly drives price. When you learn that, it no longer becomes guessing. The game at this point just becomes identifying a PA entry confirmation and keeping an eye on the news wires for some FA that could quickly alter your plans.
  • #54,358
  • Oct 21, 2012 12:01pm Oct 21, 2012 12:01pm
Quoting maximmm
You know how it is - the saying is, 95% of traders lose their money -
the key is to think like the winning 5 per cent - the question is, what are they thinking?!^^

Otherwise - I suspect that the key to being in the 5% margin lies in sound trade money management - since even the best sometimes make incorrect guesses.
GUESSES? No smart trader would just guess. Well, unless you're lucky, you'll never win by just guessing.

This is why people come to the conclusion that Forex is High Risk. It's because of people who are lazy to do their homework and just guess.

Sure. Not everyone wins but those 5% rarely lose because they don't guess. That's where the expect the unexpected comes.
There is nothing in the Universe but mathematical points of force.
  • #54,359
  • Oct 21, 2012 1:58pm Oct 21, 2012 1:58pm
gap down?

310...
Use me as a contrarian indicator
  • #54,360
  • Oct 21, 2012 2:03pm Oct 21, 2012 2:03pm
Quoting mrbandwidth
gap down?

310...
Yep!

My analysis still stands in regards to AUD being mostly bullish this week.
106 traders viewing now