AUD/USD | Page 2761 | 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

  • #55,201
  • Oct 30, 2012 1:57am Oct 30, 2012 1:57am
Quoting 100PipsADay
Thanks Maximinus!
They say increase of asset purchase program and unlimited loan support programm, and the yen strengthen...me not good in fundamental analysis.
BTW my CJ is now >-35pips, I've to manage this shit, thanks BOJ !
Don't be smart. Be rich.
  • #55,202
  • Oct 30, 2012 2:11am Oct 30, 2012 2:11am
Quoting maximinus
They say increase of asset purchase program and unlimited loan support programm, and the yen strengthen...me not good in fundamental analysis.
BTW my CJ is now >-35pips, I've to manage this shit, thanks BOJ !
Yea I am surprised at the outcome....

I'm in the red with my open trades as well. However, long term I see Yen weakening. Also, at least AUD is moving up nicely now, it's keeping my A/J trades afloat for the time being.
  • #55,203
  • Oct 30, 2012 2:14am Oct 30, 2012 2:14am
Quoting 100PipsADay
Yea I am surprised at the outcome....

I'm in the red with my open trades as well. However, long term I see Yen weakening. Also, at least AUD is moving up nicely now, it's keeping my A/J trades afloat for the time being.
Don't worry for your yen crosses. I'm waiting for UJ to cross again above 79.50, and it could decide me to take another lot for CJ. Sometimes you get a good bargain, and you need to have guts and trust your TA.
Don't be smart. Be rich.
  • #55,204
  • Oct 30, 2012 2:17am Oct 30, 2012 2:17am
Quoting maximinus
They say increase of asset purchase program and unlimited loan support programm, and the yen strengthen...me not good in fundamental analysis.
BTW my CJ is now >-35pips, I've to manage this shit, thanks BOJ !
According to wires there are big buyers for long-term positions at lower price. If this was true could expect it to rise to 80 mark soon.
  • #55,205
  • Oct 30, 2012 2:19am Oct 30, 2012 2:19am
Quoting Ken A
According to wires there are big buyers for long-term positions at lower price. If this was true could expect it to rise to 80 mark soon.
Thank you Ken, you bring me a good news. But I'd be really comfortable in keeping my CJ only if UJ cross soon 79.50 and stay above.

BTW : shorted AU at 3060.
Don't be smart. Be rich.
  • #55,206
  • Oct 30, 2012 2:20am Oct 30, 2012 2:20am
Quoting maximinus
Don't worry for your yen crosses. I'm waiting for UJ to cross again above 79.50, and it could decide me to take another lot for CJ. Sometimes you get a good bargain, and you need to have guts and trust your TA.
I'm in it for the long haul and am definitely going to trust my technical analysis of U/J as well as the fundamental problems Japan is now facing.
  • #55,207
  • Oct 30, 2012 2:29am Oct 30, 2012 2:29am
Hello my friends

Be careful guys if you are selling yen. IMHO the BOJ has not launched the bike nuke with todays announcement. I described the current causes of the strong yen here: http://www.forexfactory.com/showthre...42#post6096142

The BOJ needs to unleash a massive re-valuation or else it will just continually appreciate in value. That is what catches so many traders off guard. I expected they "may" of set the stage for this even today but they disappointed. So back into the range between the 77.50 and 80.32 we go. Dont expect this 30 year downtrend to break so easily....
This is case in point of a broken currency pair where supply/demand means little since both currencies supply are being synthetically manipulated and operating under non-normal market conditions.

From a tech perspective the UJ needs a weekly substantial close above the 79.75 to continue its uptrend. Other than that we are range bound with a downside bias once more.

Good luck guys

Trade safe

Wulf
  • #55,208
  • Oct 30, 2012 2:30am Oct 30, 2012 2:30am
Quoting maximinus
Thank you Ken, you bring me a good news. But I'd be really comfortable in keeping my CJ only if UJ cross soon 79.50 and stay above.

BTW : shorted AU at 3060.
Long-term buyers around 78.5-79.x hence I set my pending orders accordingly. The big one at 78.5. I have to re-enter because all my U/J was stopped out with trailing.
  • #55,209
  • Oct 30, 2012 2:34am Oct 30, 2012 2:34am
Do not underestimate UY to break new lows.
  • #55,210
  • Oct 30, 2012 2:38am Oct 30, 2012 2:38am
Quoting Ken A
Long-term buyers around 78.5-79.x hence I set my pending orders accordingly. The big one at 78.5. I have to re-enter because all my U/J was stopped out with trailing.
Taken note of the levels.
You LT traders you have net advantage over short term traders. You always wait that the price comes to you, and me, I've to hunt and run after the price.
Don't be smart. Be rich.
  • #55,211
  • Oct 30, 2012 2:50am Oct 30, 2012 2:50am
Quoting maximinus
Thank you Ken, you bring me a good news. But I'd be really comfortable in keeping my CJ only if UJ cross soon 79.50 and stay above.

BTW : shorted AU at 3060.
Careful with that my friend.... strong momentum bar gashed through some critical areas without a whole lot of pullback.... keep a close eye on that 0373... if that gives we got a pretty open run to the 85/96 area

the hour needs to close and start trading below the 60 for a bit to get this party started to the downside... trigger for loading shorts on pullbacks is a break of the 49
  • #55,212
  • Oct 30, 2012 2:54am Oct 30, 2012 2:54am
Quoting Wulfgar
Careful with that my friend....

the hour needs to close and start trading below the 60 for a bit to get this party started to the downside... trigger for loading shorts on pullbacks is a break of the 49
Thanks for the warning, I appreciate and I agree with what you say. Anyway I'm fully in scalp mode for this trade. I'm ready to give some dollars to the market, but not so much. I'm babysitting this with lot of care
Don't be smart. Be rich.
  • #55,213
  • Oct 30, 2012 2:56am Oct 30, 2012 2:56am
Quoting maximinus
Thanks for the warning, I appreciate and I agree with what you say. Anyway I'm fully in scalp mode for this trade. I'm ready to give some dollars to the market, but not so much. I'm babysitting this with lot of care

  • #55,214
  • Oct 30, 2012 3:04am Oct 30, 2012 3:04am
Quoting maximinus
Thanks for the warning, I appreciate and I agree with what you say. Anyway I'm fully in scalp mode for this trade. I'm ready to give some dollars to the market, but not so much. I'm babysitting this with lot of care
The E/U is expected to push to 1.2980 from 1.2890. Euro might push the dollar lower and gives strength to AU.
  • #55,215
  • Oct 30, 2012 3:04am Oct 30, 2012 3:04am
Quoting bogus
Just sold a/u, and got out of my e/a shorts.
same actually got out of everything ... with this hurricane destroying new york.. open positions are nerve racking
  • #55,216
  • Oct 30, 2012 3:11am Oct 30, 2012 3:11am
Quoting Ken A
The E/U is expected to push to 1.2980 from 1.2890. Euro might push the dollar lower and gives strength to AU.
Agree also. exited short AU with -14.
Don't be smart. Be rich.
  • #55,217
  • Oct 30, 2012 3:12am Oct 30, 2012 3:12am
Quoting domino
So your just taking wild shots in the dark then...
How am i taking wild shots in the dark? I could easily say the same about your analysis but i'm not that rude.
  • #55,218
  • Oct 30, 2012 3:21am Oct 30, 2012 3:21am
Quoting maximinus
Agree also. exited short AU with -14.
Oops hope didn't influence your trade but the green bar on A/U is a bit scary to short as it's been consolidating for days same goes to E/U. You will get a better price to short.
  • #55,219
  • Oct 30, 2012 3:24am Oct 30, 2012 3:24am
Quoting Ken A
Oops hope didn't influence your trade but the green bar on A/U is a bit scary to short as it's been consolidating for days same goes to E/U. You will get a better price to short.
Don't worry mate. That was, what I call, a test trade. You can feel the power of a move when you have an open pos.
Don't be smart. Be rich.
  • #55,220
  • Oct 30, 2012 3:27am Oct 30, 2012 3:27am
Waiting now near the magenta line.
Attached Image (click to enlarge)
Click to Enlarge Name: aud4h.gif Size: 30 KB
Don't be smart. Be rich.
21 traders viewing now