AUD/USD | Page 2756 | 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

  • #55,101
  • Oct 28, 2012 7:30pm Oct 28, 2012 7:30pm
only selling for last few weeks ive seen was during lo or ny and that was to try to get a better price i havent seen bears yet so im bullish.

Asia was sellig on friday but got consumed so expecting
bull to push through after gap is closed
  • #55,102
  • Oct 28, 2012 7:32pm Oct 28, 2012 7:32pm
Quoting fxtyrant
yep thats the one... Until that thing breaks... this thing is still gona be bearish....
Alright cool. I'm wondering, why would you look to long after 1.058 is broken and confirmed? I am going to see what happens at that TL and more than likely short it at that point.

If it breaks, then I will wait until we hit 1.08 or so in order to really build up some short positions as 1.08 - 1.10 is a MAJOR resistance zone.

Just don't see the R:R ratio being very good if planning to long at 1.058 even if it moves up to 1.08 soon thereafter...

Maybe this is none of my business but you have a total of 70k short AUD, 30k short NZD, and 70k short GBP. If it AUD moves up to 1.058 then you are looking at a total combined loss of about $3,000! That is approximately 40%-50% draw down on one set of trades...

How would you look to dump positions if/when AUD moves against you?
  • #55,103
  • Oct 28, 2012 7:38pm Oct 28, 2012 7:38pm
Quoting 100PipsADay
Alright cool. I'm wondering, why would you look to long after 1.058 is broken and confirmed? I am going to see what happens at that TL and more than likely short it at that point.

If it breaks, then I will wait until we hit 1.08 or so in order to really build up some short positions as 1.08 - 1.10 is a MAJOR resistance zone.

Just don't see the R:R ratio being very good if planning to long at 1.058 even if it moves up to 1.08 soon thereafter...

Maybe this is none of my business but you have a total of 70k short AUD, 30k short NZD, and 70k...
for longs when we get a break above that trendline and a confirmed close above it... i will look for a retest of that trendline to Long..., now a retest doesnt mean a break back below that trendline... i want to see a bullish rejection of the bear above the trendline to go long.... and if you long there... the first target is obviously the 1.08 high, break of that... we extend upwards to 1.10 and 1.12 and on an on as it goes into extremes....
But right now the only thing keeping this from happen is that trendline we have.... so until that trendline is broken as ive explained. i remain bearish...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,104
  • Oct 28, 2012 7:40pm Oct 28, 2012 7:40pm
Quoting fxtyrant
for longs when we get a break above that trendline and a confirmed close above it... i will look for a retest of that trendline to Long..., now a retest doesnt mean a break back below that trendline... i want to see a bullish rejection of the bear above the trendline to go long.... and if you long there... the first target is obviously the 1.08 high, break of that... we extend upwards to 1.10 and 1.12 and on an on as it goes into extremes....
But right now the only thing keeping this from happen is that trendline we have.... so until that trendline...
Gotcha
  • #55,105
  • Oct 28, 2012 7:45pm Oct 28, 2012 7:45pm
Quoting 100PipsADay
Gotcha
for ppl who say im am not subjective enough... have a look at this chart and that'll show you when ill be bullish...

Greenline is when im bullish, and i will turn bullish when we get a break above and retest that white trendline...
otherwise the Redline is what i am going to be trading....
This is just Range trading....
Attached Image (click to enlarge)
Click to Enlarge Name: audusd weekly.gif Size: 24 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,106
  • Oct 28, 2012 8:23pm Oct 28, 2012 8:23pm
Quoting fxtyrant
i see you're posting that in good intention, maybe you should also refer this message to my counter part sidhujag?? lets see how he will take it...
Personally i am still bearish because the downwards trendline is still holding... unless i see a clean break above and close, then ill look to long on a retest... but like i said i am still bearish so i would prefer to plot bearish charts rather than to have my head mixed up
Buddy,
I just shared my experience. I refered this message to you just to express the context that's all nothing personal. Actually I align with your market view more than any one else. But the news and technicals are not in confluence with the fundamentals.
Fundamentals - Aud is overvalued. Australia itself needs it devaluated ASAP for its economy's sake. Bullish argument is the extremly high swap interest they pay...
Technicals - I start from monthly, but nothing much I can read from Monthly. Weekly I see a double head and a close below 1.0285 and expect it to come all the way down to .9581 . And my EW analysis says a wave 3 of C could happen any time downwards, for the high of 1.1079. That is why i am also extremly reluctant to go long. But for bullish argument the news from rest of the world is all much negative shit when compared with Aud UP;-)) And the same reason is pushing AUD :-( A shoot up of USD is the scene I anticipate for the aud to break below 1.01. But Mr Market is always right.
And about you my thoughts, I was no where near market at your age. So I thing I ought be proud to know you. And most of us here are. But people express that feeling of pride in different ways. Many a places we have to compete with ourselves not with others. I see this forum every day day in day out from Aug 2010. I never wanted to talk (since I was a novice) that is why I did not register. Recently registered to ask sidhujag where he gets this chinese news update. I googled a lot could not find any resource that's why. But unfortunately due to delay in approving since I was a new member(it took more than few hours), I think every one missed that request.
See there are many billionairs but the person I most adore is Richard Branson. Because he created 8 different Billion dollar companies in 8 different verticals!!! That makes him the most stable Billionair. He sure is a master in creating perfoming teams... Because I understand that the ability which pays you the most is your ability in creating winning independant teams...
Here in my limited understanding to create a winning team, like you make serial and parallel connections with batteries to meet your objectives you should be able to integrate human brains into a team. The major challenge being ego pride etc.
Why I tell you all this here is because I have a dream. A team here which understands each other, their trading styles, like Position ya Swing ya complete speculation. Weather based more on Fibs ya pivots ya only S & R. Once we understand and harness each others strengths, we can draw a lot from each other and make our trade plans. At different time zones we can even wake upeach other if a favourable position comes... Its a tall order I know and this post has become too long, so I profusely thank you for your time reading it.....

Awaiting all your favourable commitment towards forming a team...
  • #55,107
  • Oct 28, 2012 8:30pm Oct 28, 2012 8:30pm
Quoting fxtyrant
for ppl who say im am not subjective enough... have a look at this chart and that'll show you when ill be bullish...

Greenline is when im bullish, and i will turn bullish when we get a break above and retest that white trendline...
otherwise the Redline is what i am going to be trading....
This is just Range trading....
Attachment

I am spot on with your chart...........
  • #55,108
  • Oct 28, 2012 8:33pm Oct 28, 2012 8:33pm
Quoting Pip Piper
Buddy,
I just shared my experience. I refered this message to you just to express the context that's all nothing personal. Actually I align with your market view more than any one else. But the news and technicals are not in confluence with the fundamentals.
Fundamentals - Aud is overvalued. Australia itself needs it devaluated ASAP for its economy's sake. Bullish argument is the extremly high swap interest they pay...
Technicals - I start from monthly, but nothing much I can read from Monthly. Weekly I see a double head and a close below 1.0285...
Hard to form a team when you cant see each other in person, but hey im already in a team.... a group of us forex factory tradres from the Cable Thread are from London and i do meet up with them time and time again, theres this guy called Navin (navin2007 on forex factory), he usually organises these meetup....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,109
  • Oct 28, 2012 8:34pm Oct 28, 2012 8:34pm
Quoting Pip Piper
I am spot on with your chart...........
Thanks

No reason to be bull when the Potential Reward to short if the 1.0550 area holds as resistance is a 1000 pip drop to 0.95....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,110
  • Oct 28, 2012 8:34pm Oct 28, 2012 8:34pm
piper its a good idea and there is a thread here on ff recently created where someone had the same idea i forget its name but im sure you can find it.. Harnessing brain power is way better than applying multiple trained systems.

In business physcology i learned about myer briggs personality type indicator. Google it its interesting and based on your personality type can give compatible perisnaloty types based on questions... Also as a manager you should know your project requirements and the type of ppl u need so the indicator cones in handy to determine if that is the person that is not already on the team and that the team needs this type of person.
  • #55,111
  • Edited Oct 29, 2012 7:50am Oct 28, 2012 8:46pm | Edited Oct 29, 2012 7:50am
Quoting sidhujag
piper its a good idea and there is a thread here on ff recently created where someone had the same idea i forget its name but im sure you can find it.. Harnessing brain power is way better than applying multiple trained systems.......

already on the team and that the team needs this type of person.

Amazing.... I will check it right away. And sidhujag I too was a J2EE programmer for 7 years......... Appreciate your reply..

Resigning from this forum for few hrs.. But do keep posting, shall reply once I come back...
  • #55,112
  • Oct 28, 2012 9:34pm Oct 28, 2012 9:34pm
AUD/USD and AUD/JPY are moving up nicely now. I'm projecting A/U will break and hold 1.04 before NY opens up.
  • #55,113
  • Oct 28, 2012 9:52pm Oct 28, 2012 9:52pm
Quoting 100PipsADay
AUD/USD and AUD/JPY are moving up nicely now. I'm projecting A/U will break and hold 1.04 before NY opens up.
I 2nd you x). I just went long with TP @1.0400.




Btw hello to everybody, I'm not new to forex, but neither making good profit yet. I always like to share what I can, and always learn from the experience. Nice to get to this forum.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-28.png Size: 26 KB
  • #55,114
  • Oct 28, 2012 9:59pm Oct 28, 2012 9:59pm
Quoting sidhujag
sure but obv giving levels to me is noobish in a public forum. I try not to. A simple stop hunt can prove u wrong. Im talking big picture for a few years.

Eu we all know is doomed we just dont know when so i tood myself not to buy unless its a super clear setup. If eu is rising chances are so is es or other commodities that may hold lows for longer.

Plus going fwd im bullish usdx and waiting to start seeing usdx rise along with es on a month to month basis.

What i am saying ken is that you can come up with a plan to accumulate here and...
On yearly basis no contest from me. The only doubt I have is on USDX as it's not in the US best interest for now. On ES, technically the trend line holds but I will wait after elections. Politics not my strong point it might drops from 1400 depends on the elections outcome.

As you said proper MM, -1,000 pips not a big issue for long-term position then scale in or out as necessary.
  • #55,115
  • Oct 28, 2012 11:18pm Oct 28, 2012 11:18pm
US Stock Market Closed on Monday Morning due to Hurricane Sandy


8:15am CDT for Equity Index Futures Bonds at 12:00pm CDT. Other futures and forex trading as normal

Quiet day possibly tomorrow
  • #55,116
  • Oct 28, 2012 11:27pm Oct 28, 2012 11:27pm
Quoting jplazard
US Stock Market Closed on Monday Morning due to Hurricane Sandy


8:15am CDT for Equity Index Futures Bonds at 12:00pm CDT. Other futures and forex trading as normal

Quiet day possibly tomorrow
the perfect storm strikes again didnt think it would really come together... my best wishes are with everyone up north
  • #55,117
  • Oct 29, 2012 12:01am Oct 29, 2012 12:01am
Thought this article might be of interest in longer term on jobs data. Note especially graph on page 2 (Figure 37) for possible difference between current official statistics and reality. Note also that article refers to a historic change in how figures were calculated due to political goals.

http://www.bigpondmoney.com.au/invis...t-footer-money
Hope for the best, prepare for the worst.
  • #55,118
  • Oct 29, 2012 12:15am Oct 29, 2012 12:15am
the Asian equity market starts taking a dive, bad news for aud
  • #55,119
  • Oct 29, 2012 12:53am Oct 29, 2012 12:53am
Just some lines to look at. Interesting to note the divergence of the downward lines, and of the upward lines.

15m
Attached Image (click to enlarge)
Click to Enlarge Name: 15maudusd.png Size: 31 KB
Play the players, not the cards.
  • #55,120
  • Oct 29, 2012 1:28am Oct 29, 2012 1:28am
hey guys, still working this channel.... careful about risk off sentiment due to possible hurricane damage in NYC...

to the topside 0373/0385 and then the big zone from 0395/0410

Downside we still have the 0351/0337/0325 then the 0304/0294/0283 zones

Good luck guys, trade safe

Wulf
45 traders viewing now