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AUD/USD

  • #56,781
  • Nov 28, 2012 3:05am Nov 28, 2012 3:05am
we just broke one minor support trendline now lets see if the lower more important test comes into play NY time
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  • #56,782
  • Nov 28, 2012 3:23am Nov 28, 2012 3:23am
Quoting jplazard
we just broke one minor support trendline now lets see if the lower more important test comes into play NY time
u mean 32? that was tested in asia. i am thinking of going long here
  • #56,783
  • Nov 28, 2012 3:28am Nov 28, 2012 3:28am
no this is the one I am talking about normally i dont take to much on 1 minute but this pair is so dead I will take what i can get on S/R
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  • #56,784
  • Nov 28, 2012 3:38am Nov 28, 2012 3:38am
settilg up for a bullish move. be careful while shorting
  • #56,785
  • Nov 28, 2012 3:40am Nov 28, 2012 3:40am
...and Hey Presto! Goodnight everybody!
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  • #56,786
  • Nov 28, 2012 3:44am Nov 28, 2012 3:44am
are you looking to buy around 33-30?

I think this reid comment on fiscal cliff can carry over regardless how strong home sales are as the market has accepted the notion that housing has bottomed and it has little effect on what is really on the minds of traders this week and next or until the fiscal cliff issue is resolved. Now that EUR is behind us and Greece was approved(market was already expecting this) now the attention turns once again to the lack of US bipartisanship
  • #56,787
  • Nov 28, 2012 3:46am Nov 28, 2012 3:46am
Quoting jplazard
are you looking to buy around 33-30?
got in at 44. lets see how this works now. may be a bit bearish now on M5 and M15 but H4 still bullish.
  • #56,788
  • Nov 28, 2012 4:12am Nov 28, 2012 4:12am
lets see for those who trade AUD/USD and AUD/JPY and other crosses I think it matters what futures are doing not to mention AUD/USD is a dead market and crosses are great for conversation because they move a bit more that aud main has been. As for the call hats off but others on here including myself were in short at upper 75-80 level.

It matters to watch AU futures, JPY futures, Dollar Index Futures, Bonds, S&P futures because of correlation and pivot areas. had someone been watching AUD futures for example 3 hours ago on TS you would of seen 20+ lots hammering back down as it krept back up to 1.0441


I understand the premise that this is AUD/USD but cross correlation matters when it comes to trading AUD/USD its even vital traders view this sort of stuff because entries, money management, and Risk reward setups become that much easier and less stressful

Here is an example that just occurred a few hours ago. 2:35am JPY futures hit the upper range after failing once several minutes ago. As it was approaching this level once more Aud/jpy was selling off. Setting up a tight stop and waiting for jpy futures to trade to this price once more you would of taken thatas an indication to long AUD/JPY at the current price. And sure enough it failed again giving you an instant open PnL for AUD/JPY and even allowing you to move your STP to Breakeven setting you up for NY open on a possible move higher

I can make the same example with AUD/USD and Dollar index futures this morning.
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  • #56,789
  • Nov 28, 2012 4:33am Nov 28, 2012 4:33am
Quoting jplazard
lets see for those who trade AUD/USD and AUD/JPY and other crosses I think it matters what futures are doing not to mention AUD/USD is a dead market and crosses are great for conversation because they move a bit more that aud main has been. As for the call hats off but others on here including myself were in short at upper 75-80 level.

It matters to watch AU futures, JPY futures, Dollar Index Futures, Bonds, S&P futures because of correlation and pivot areas. had someone been watching AUD futures for example 3 hours ago on TS you would of seen...
i don't trade the futures so it is lemons and apples for me. what I can see clearly is price is finding it difficult to close below 32 inspite of weak euro. to mean it means strong aussie
  • #56,790
  • Nov 28, 2012 4:34am Nov 28, 2012 4:34am
Quoting Nachiket
i don't trade the futures so it is lemons and apples for me. what I can see clearly is price is finding it difficult to close below 32 inspite of weak euro. to mean it means strong aussie
and dollar is shit. also historically aussie dollar does not fall in dec. I know we are not in dec but i would like to see a test of weekly wedge of 1.06 to add shorts
  • #56,791
  • Nov 28, 2012 4:35am Nov 28, 2012 4:35am
1.47 is the absolute top for the week.
  • #56,792
  • Nov 28, 2012 4:37am Nov 28, 2012 4:37am
Quoting DrDiscretion
1.47 is the absolute top for the week.
bullshit. who said that? reasoning for that?
  • #56,793
  • Nov 28, 2012 4:46am Nov 28, 2012 4:46am
The highest close before the breakout was 1.04334 (11/13) so naturally it will be defended and bids will be below but I have a feeling the market got ahead of itself on Friday and went in heavy long also squeezing shorts, if we break this level the breakout candle on Daily 11/23 looks to be filled or at least halfway filled

considering after EUR 12920 was broken and AUD did not fall to much I would agree with you that it wont be easy to break this support here ES would need to follow through today in order for 1.0425 to be tested
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  • #56,794
  • Nov 28, 2012 4:49am Nov 28, 2012 4:49am
Quoting jplazard
The highest close before the breakout was 1.04334 (11/13) so naturally it will be defended and bids will be below but I have a feeling the market got ahead of itself on Friday and went in heavy long also squeezing shorts, if we break this level the breakout candle on Daily 11/23 looks to be filled or at least halfway filled

considering after EUR 12920 was broken and AUD did not fall to much I would agree with you that it wont be easy to break this support here ES would need to follow through today in order for 1.0425 to be tested
I have a feeling it will break past 1.0500 by friday. only concern is RBA should not come in. those fookers come out anytime
  • #56,795
  • Nov 28, 2012 6:07am Nov 28, 2012 6:07am
Wow look at gold go!
  • #56,796
  • Edited 10:20am Nov 28, 2012 9:52am | Edited 10:20am
I'm closing my half long from 1.044 for 37 pips. Reckon it might start ranging now. Still have longs from 1.034 with 1.042 stop.

EDIT: Did you guys have a sell stop @ 1.043? Got the lows to the pip! lol. Imo that's why you dont place stops right at the support!
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  • #56,797
  • Nov 28, 2012 10:25am Nov 28, 2012 10:25am
aud was DOA aat 8:00am that bam at 8:04 Washington stepped in very impressive move AUD did today now watching follow through. Iro nice trade so far and I agree with you on setting sell stops or buy stops at the absolute lo or hi of the range it can be grounds for hunting.
  • #56,798
  • Nov 28, 2012 11:05am Nov 28, 2012 11:05am
Quoting Zircon
Sexy ozie, i love it
Never stop buying this beautiful pair, she makes me crazy.
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If skills could be acquired by watching, every dog would be a butcher. Turk
  • #56,799
  • Nov 28, 2012 12:54pm Nov 28, 2012 12:54pm
Guys, i don't have balls to buy this.
This is sso bearish on the monthly chart...
I just sit and watch your action.
I never beat the aussie because its so strong, but omg, this will go FAST @1.10-1.15 or fall like a rock @ 0.92 ... i mean fast, in 3-5 weeks.

omg
I'll shop after the drop
  • #56,800
  • Nov 28, 2012 1:03pm Nov 28, 2012 1:03pm
Quoting Willow
Guys, i don't have balls to buy this.
This is sso bearish on the monthly chart...
I just sit and watch your action.
I never beat the aussie because its so strong, but omg, this will go FAST @1.10-1.15 or fall like a rock @ 0.92 ... i mean fast, in 3-5 weeks.

omg

Can you explain your analysis using a chart, OMG! LOL

Also, why 3-5 weeks?
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