1st Chart - Weekly
2nd Chart - Daily
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 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
DislikedMajor TL being tested at this time. A weekly close above 1.055 should send AUD/USD up to 1.08. It's looking like this will be the most probable move in the short term.
1st Chart - Weekly
2nd Chart - DailyIgnored
DislikedIf Draghi hinted anything about rate cut, AUD/USD might spike up from shorting EUR/AUD.Ignored
DislikedActually look at countries such as Japan. Their currency is a direct inverse correlation of their stock market, which is why recently as the JPY has weakened their stocks have had their best performance in (i believe) 20 years or so!
If you are thinking that Australia's stock market will rally then I wouldn't be surprised to see the AUD weaken significantly.
Anyways, just put in another HEAVY short at 1.05
1st Target: 1.015Ignored
DislikedAnd I still say 1.10 gets there first
those shorts be real heavy today for sureIgnored
DislikedAnd I still say 1.10 gets there first
those shorts be real heavy today for sureIgnored
DislikedActually, with the current EUR situation, the EUR-AUD is my preferred trade for long term.
Here are some charts with pretty colors and moving averages, that's all I have to say
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Dislikedhttp://i50.tinypic.com/28i2kg8.jpg
I have taken a look at AUDUSD today. The support/resistance is clearly defined on the 4hr chart. As i mentioned before, bank traders do their buying and selling at support/resistance zones. This is their trail they leave behind. Much like aircraft carriers leaving a large wake in the oceans when they turn.
As retail traders, our job is to make money from the bank traders. So they buy, we buy. They sell, we sell. Through S/R levels, we see that they buy at certain levels. We will then buy again...Ignored
DislikedI agree with you 100%. Watching Price Action (candle formation) at major support / resistance levels tells us whether we should be buying or selling. The larger the time frame the more significance price action and S/R levels have.Ignored
DislikedAfter reminders on the AUDUSD opportunitie from experts I opened a buy stop position at 1.0530 with TP at 10575, SL 1.0420, last afternoon (12.01.09. CET). This morning 1st I moved my stop to zero than closed the position on 1.0562 (could not stand to look anymore the too long have been shaking the price at that zone. Well, 32 PIP is not a big deal but better than a slap on the face.Ignored
Dislikedaudusd should now resume upwards... gold hit its target at 1716 and bounced.Ignored
DislikedI have been taught many times that the 4th time it tries to break (either top or bottom) is has a high percentile chance of successIgnored
DislikedI have had a bias to the short side of the Aussie Dollar for weeks and take every short signal I get. Most have been small losers, one bright green fall around Xmas time which was most welcome. My main reason is the extreme long positioning in this contract. All the numbers I see from the CME or individual bank's sentiment measures point to everyone being on one side of the boat. Unfortunately this condition can continue for weeks / months. However one thing I do know is I will not join them. I would rather be flat and wait for the next good sell...Ignored