AUD/USD | Page 2895 | 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

  • #57,881
  • Apr 29, 2013 3:38am Apr 29, 2013 3:38am
Quoting aahmad29
Hi I trade on multiple currencies. My system placed buy order in AUDUSD at 1.03092. Long position is still active.
Close Long position at 1.0335
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 126 KB
Love for all; Hatred for none.
  • #57,882
  • Apr 29, 2013 3:55am Apr 29, 2013 3:55am
Quoting k3nshinz3139
{quote} So your system has set TP target? Look like the bull strength still strong in AU pair.. I have short at 1.033
You can see the Red sign on the chart; it was my take profit for long position. But there is no specific take profit position.
Love for all; Hatred for none.
  • #57,883
  • Apr 29, 2013 3:59am Apr 29, 2013 3:59am
Quoting aahmad29
{quote} You can see the Red sign on the chart; it was my take profit for long position. But there is no specific take profit position.
I see.. Market is swing.. I aim for average 30 pips for each round.
  • #57,884
  • Apr 29, 2013 4:01am Apr 29, 2013 4:01am
Quoting jenoss
{quote} i follow u sell at 336 hahaha
I closed my short position for +5 Pips. This trade was just for fun otherwise Long cycle is not end or Short cycle did not start yet for me.
Love for all; Hatred for none.
  • #57,885
  • Apr 29, 2013 4:18am Apr 29, 2013 4:18am
Quoting Parox
{quote} Same here mate. Waiting for 1.036X to sell the AU.
if ur analys confirm will going to 36x why u not following the market right now from 333 till 360 my friend
Trade with passion
  • #57,886
  • Apr 29, 2013 4:54am Apr 29, 2013 4:54am
Quoting jenoss
{quote} if ur analys confirm will going to 36x why u not following the market right now from 333 till 360 my friend
I am not experienced like you and other traders. I just followed my system. I recieved signal to close long position so i did it. You can see two dotted lines (blue and red). Red line was my take profit. These lines are similar to bollinger band.

I am expecting price to go down and later it will continue again long run but if sell cycle is confirmed then i will have short position. I will keep posting my chart until i have trade with AUDUSD.
Love for all; Hatred for none.
  • #57,887
  • Apr 29, 2013 7:23am Apr 29, 2013 7:23am
According to Paul Gambles from MBMG International he expects the AUD to fall to 60c in the next 18 months.
  • #57,888
  • Apr 29, 2013 7:26am Apr 29, 2013 7:26am
Quoting nahman
According to Paul Gambles from MBMG International he expects the AUD to fall to 60c in the next 18 months.
that one only happens back in 2008 during the financial crisis, unless another one is coming, if not its really hard for aud to fall to 60c, due to the changing fundamentals of central banks favored aussie over usd , eur and gbp in recent times.
  • #57,889
  • Apr 30, 2013 1:35am Apr 30, 2013 1:35am
Quoting 5percent
{quote} that one only happens back in 2008 during the financial crisis, unless another one is coming, if not its really hard for aud to fall to 60c, due to the changing fundamentals of central banks favored aussie over usd , eur and gbp in recent times.
hmmmm
i agree with u...
Trade with passion
  • #57,890
  • Apr 30, 2013 1:44am Apr 30, 2013 1:44am
Quoting jenoss
{quote} hmmmm i agree with u...
I agree, when do these predictions ever come true? It's akin to the supermodel/ taxidriver indicator. Time to do the opposite.
FF journal: Peaks and Troffs
  • #57,891
  • Apr 30, 2013 1:59am Apr 30, 2013 1:59am
Quoting aahmad29
{quote} I closed my short position for +5 Pips. This trade was just for fun otherwise Long cycle is not end or Short cycle did not start yet for me.
Last night many traders were taking short position and i mentioned that Long cycle is not end. One trader asked me that why i closed my long position. Yesterday i closed my long position because it was my first take profit. After completing that candle which i marked on chart yesterday, i placed pending buy order at high of that candle with 20 pips takeprofit. I just came and found that i got those bonus 20 pips profit.

I liked AUDUSD pair. Now i will trade in this pair frequently.
Love for all; Hatred for none.
  • #57,892
  • Apr 30, 2013 2:01am Apr 30, 2013 2:01am
I have open another short 1.0365.

TP 1.03 SL 1.039..
  • #57,893
  • Apr 30, 2013 3:39am Apr 30, 2013 3:39am
I'm also short AUD/USD @ 1.03274 and 1.02848.

Price is currently being held down by the 50 EMA on the D1 chart, I'm anticipating further declines in the coming weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_-_D1_(4-29).png Size: 118 KB
  • #57,894
  • Apr 30, 2013 10:25am Apr 30, 2013 10:25am
Quoting diggo
{quote} Not sure if you were referring to me.. But I never said AUD is a sell in the short term. In fact I've been waiting for it to retrace to 1.04 minimum for a week now.. It's a normal bounce, happens more times than not. If it does reach 1.04, it will be a great medium term short to target 1.015/0.97
Ok, 1.04 target is finally approaching. Bulls have wanted this for over a week. Big bears needed it to regroup and gain momentum for a LL. Soon it will be time to start looking for shorts. Quite bullish PA over the last few hours.

I have a small short @ 1.038. Targeting 1.015.

Have larger sell orders pending at 1.04 and above. Will wait for some really nice r/r

Mid term target remains 0.97
  • #57,895
  • Apr 30, 2013 10:37am Apr 30, 2013 10:37am
Quoting holmes
{quote} After gold falling heavily AUD lost ground but Goldman has closed the bet against gold and it has bounced back however Aud hasn' gained that much and the reason is that Q gdp of china was disappointing and it has very direct impact on manufacturing pmi which will come about on Wed, although I remember several times that they haven' shown the same direction, any how the only reason which may push strong Aud down is the risk of global economy cooling down which will be clear on Wed however since then after Japan easing heavily it will continue...
re: Gold price: It will be a flow-on effect, not an instant effect. I believe gold mining co's have a production costs very close to the recent lows. And with gold pointing much lower, these companies could soon be out of business. Not looking good there.
  • #57,896
  • Apr 30, 2013 10:53am Apr 30, 2013 10:53am
Quoting nahman
According to Paul Gambles from MBMG International he expects the AUD to fall to 60c in the next 18 months.
Certainly sounds like an exaggeration.. Although here are my thoughts..

We never had a proper retracement after the 2008 low. More often than not, we would need to go back to 0.86 minimum before we can go higher. Bears want it, even the biggest bulls want it. IMO bears have been in control since August 2011. The 1.10 high we had looks to be set in stone for the long term. 0.97 is the magic number we need to break. A monthly close below here opens up 0.86. There's plenty of air below. Pull up a Gold, Silver or G/U chart for a prequel.

I don't have the numbers in front of me right now, but a retrace to as low as ~0.80 is still long-term bullish. From there, bulls can set up for a massive run up to 1.20/1.30. Of course this takes several years to pan out.
  • #57,897
  • Apr 30, 2013 9:09pm Apr 30, 2013 9:09pm
China slows manufacturing in April

Australian manufacturing depends in April

New homes sales made a modest recovery, but still down near record lows.

My charts are still bearish and I'm still holding a number of short positions. I don't see any real reasons to go long at this stage.
  • #57,898
  • Apr 30, 2013 9:40pm Apr 30, 2013 9:40pm
Sell 1.037
Sl 1.0385
TP Dependent on PA

Spike up just appeared to be just short term due to bearish us news.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #57,899
  • May 1, 2013 12:29am May 1, 2013 12:29am
Quoting livethedream
Sell 1.037 Sl 1.0385 TP Dependent on PA Spike up just appeared to be just short term due to bearish us news.


Agree. This is a very good place to look for shorts. However I am still not satisfy with the current price action. But lets see.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 23 KB
  • #57,900
  • May 1, 2013 10:11am May 1, 2013 10:11am
Quoting diggo
{quote} Ok, 1.04 target is finally approaching. Bulls have wanted this for over a week. Big bears needed it to regroup and gain momentum for a LL. Soon it will be time to start looking for shorts. Quite bullish PA over the last few hours. I have a small short @ 1.038. Targeting 1.015. Have larger sell orders pending at 1.04 and above. Will wait for some really nice r/r Mid term target remains 0.97
Ok bull wave completed, didn't quite reach the target but I'm happy with my shorts at 1.038 and more at 1.037 after The Chinese figures today.

We are now targeting a fresh LL. min target is now 1.022, and then 1.015.

Right now it seems the bears have been sedated coinciding w/ eu market close. I've partially closed my shorts at 1.028 and will wait for some consolidation on the smaller charts. I may have another opportunity to re-enter shorts above 1.03 before the next wave lower.
31 traders viewing now