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AUD/USD - is it still risk adverse?

  • #21
  • Feb 19, 2013 12:29am Feb 19, 2013 12:29am
aus economy is still very risk averse. it will capitulate during crisis times and strengthen or stay strong when risk is strong

it is still over 1.03, and its daily range continues to decline, now only a measly 40-45 pips! its still possible to make in this pair, but dont expect over 15-25 pips per day profit

best to have another pair with it. like eur/usd.
  • #22
  • Feb 19, 2013 2:23am Feb 19, 2013 2:23am
i am not go with AUD/USD. i am using EUR and USD pair, it's main currencies in forex market. it’s EUR/USD down quickly. Mostly it’s give good results.
  • #23
  • Feb 19, 2013 2:42am Feb 19, 2013 2:42am
I would only short this pair if it fails to take out 1.03657 or if it breaks support at 1.02860. So for now I'm still going to sit out until a better direction is evident whilst it's stuck in this range.
  • #24
  • Feb 20, 2013 4:45am Feb 20, 2013 4:45am
Indicator shows Short for now.
Attached Image (click to enlarge)
Click to Enlarge Name: au1.png Size: 93 KB
  • #25
  • Feb 20, 2013 9:07am Feb 20, 2013 9:07am
Short Trade looking good, next target is 1.0280
Attached Image (click to enlarge)
Click to Enlarge Name: au1a.png Size: 95 KB
  • #26
  • Feb 20, 2013 1:00pm Feb 20, 2013 1:00pm
Forget the crystal ball gazing and conjecture.

Watch the charts, look at the trendlines and check the price action.

Trade according to what you see and not what everybody is thinking will or will not happen.
  • #27
  • Feb 20, 2013 8:32pm Feb 20, 2013 8:32pm
First of all..thanks for the post with no noise...

Second...Aud Usd is pretty flat on the monthly charts..

However....the short term volatility has been profitable...Hope you've been trading it.

The latest statements from RBNZ and FOMC has driven the price down.. I've been playing it to the downside.

RBA seems to be indicating a dovish lowering of rates..

US dollar strength is getting very high...especially with Elections coming up in Italy at the end of the month.

For current risk aversion...one must watch what is happening in the Euro Zone.

I've set my forex factory parameters to only accept emails from buddies...because I don't want to get emails from the blog that don't respond directly to what I'm writing about..so if you want to be a buddy...I'm good with it.
  • #28
  • Feb 21, 2013 1:14am Feb 21, 2013 1:14am
Strong bounce off of support at 1.02324. Let's see if it holds for now. If broken, could possibly go lower.
  • #29
  • Feb 21, 2013 5:00am Feb 21, 2013 5:00am
I think we shall see some consolidation today and then perhaps a move towards 1.0100.
  • #30
  • Feb 21, 2013 6:53am Feb 21, 2013 6:53am
Quoting Forex Magic
I think we shall see some consolidation today and then perhaps a move towards 1.0100.
Yes, totally agree with you. Looking to reload short at 1.0274 if PA reach there
  • #31
  • Feb 21, 2013 6:59am Feb 21, 2013 6:59am
Hi Parox,

Perhaps we are looking at the same thing

This is my 10 minute Chart and I await another Short Order
Attached Image (click to enlarge)
Click to Enlarge Name: au10.png Size: 69 KB
  • #32
  • Feb 21, 2013 8:47am Feb 21, 2013 8:47am
Short taken, and fingers crossed for it may be descending prior to forming a further upward movement to complete a Correction structure.
Attached Image
  • #33
  • Feb 22, 2013 3:44am Feb 22, 2013 3:44am
Quoting Forex Magic
I think we shall see some consolidation today and then perhaps a move towards 1.0100.
Hello again,

back in Kiwiland, enjoyed the time in Aussie. Great Barrier Reef a must.

anyway, a little birdy told me about a major pivot level at 1.017, I need to introduce those into my analysis,

So I would have a tp set in 3 stages (pendings and tp's staggered) at above 1.02, then targeting 1.019-1.017 and 1.017-1.010

Currently my main tools are fibs, channels, trendlines and S&R from reversals

I find Support and Resistance levels work better than most tools.
Even the worst trade can close with profit. Just give it time.
  • #34
  • Feb 22, 2013 4:48am Feb 22, 2013 4:48am
I closed my positions last night during the RBA speech and when things were moving up rather quickly.

I'm awaiting some confirmation now before re-entering this pair.
  • #35
  • Feb 22, 2013 8:14pm Feb 22, 2013 8:14pm
Quoting Forex Magic
I closed my positions last night during the RBA speech and when things were moving up rather quickly.

I'm awaiting some confirmation now before re-entering this pair.
Fair enough.

Market sitting above 1.03 at close, no doubt will open above 1.03,

I will trade a short below 1.03 expect initial market reaction to attack 1.025 and lead down to 1.022 with a test at 1.02
Even the worst trade can close with profit. Just give it time.
  • #36
  • Feb 22, 2013 9:17pm Feb 22, 2013 9:17pm
I hate people that try to predict the market..

My guess is that you are flat right now...

big talk...small balls..
  • #37
  • Feb 23, 2013 5:52am Feb 23, 2013 5:52am
My opinion on AUDUSD :
Strong Resistant at 1.30562-1.30645
Attached Image (click to enlarge)
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  • #38
  • Feb 24, 2013 1:52pm Feb 24, 2013 1:52pm
Quoting Sailing Home
I hate people that try to predict the market..

My guess is that you are flat right now...

big talk...small balls..
Well go trade the GBP/USD
Even the worst trade can close with profit. Just give it time.
  • #39
  • Feb 24, 2013 1:56pm Feb 24, 2013 1:56pm
Quoting iyas120
My opinion on AUDUSD :
Strong Resistant at 1.30562-1.30645
Yes, we are ranging, basically can draw a rectangle and youll see it very quickly.
Even the worst trade can close with profit. Just give it time.
  • #40
  • Feb 25, 2013 12:23pm Feb 25, 2013 12:23pm
AUD is dead.
When Scalpers win, I lose and Vice varsa...
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