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AUD/USD

  • #58,501
  • May 23, 2013 6:11am May 23, 2013 6:11am
Welcome to prove me wrong by shorting haha.

This latest bounce is a great op then. Heck I would short it right now if I didn't have a long view. Fundamental all there right? Stocks crashing, commodities cycle over, Australia is going under, China is gonna crash, usd is king etc.
  • #58,502
  • May 23, 2013 6:47am May 23, 2013 6:47am
i am shorting. but not much as busy with other things. Target still around 90.
  • #58,503
  • May 23, 2013 7:23am May 23, 2013 7:23am
  • #58,504
  • May 23, 2013 9:17am May 23, 2013 9:17am
Just looked at some charts and saw this come up to my level marked here and looks like we are getting some rejection so I ll take a shot for the lows again. great RR, will take partial profit at 9670 and move my stop.
Attached Image (click to enlarge)
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All posts are my personal opinion
  • #58,505
  • May 23, 2013 9:21am May 23, 2013 9:21am
Price bounced off weekly support and is shaping a daily pin bar on daily right now, so I wouldn't go short. It's so late in the cycle anyway, I think a little long could be more interesting.
  • #58,506
  • May 23, 2013 9:25am May 23, 2013 9:25am
Quoting Unrealpips
Price bounced off weekly support and is shaping a daily pin bar on daily right now, so I wouldn't go short. It's so late in the cycle anyway, I think a little long could be more interesting.



huge descending triangle on monthly looking good too!
All posts are my personal opinion
  • #58,507
  • May 23, 2013 10:16am May 23, 2013 10:16am
Ok, since I´m long at this pair, I´m going to post here my imput.
I´ve openned long position at 0.9730 last week, I´m going hold until SL 0.9530.
As I´ve written before, i would reinforce every 100 pips below until stop at 0.9530. This is automated trading, so my medium price is now at 0.9680, and I´m medium lot now.
Quoting xandi
{quote} , I´ve entered long, because I want to use my old stop pips...in this case, I will reinforce evey 100 pips down until near 0.9500--- AudUsd {quote}
  • #58,508
  • May 23, 2013 10:22am May 23, 2013 10:22am
Quoting xandi
Ok, since I´m long at this pair, I´m going to post here my imput.I´ve openned long position at 0.9730 last week, I´m going hold until SL 0.9530.As I´ve written before, i would reinforce every 100 pips below until stop at 0.9530. This is automated trading, so my medium price is now at 0.9680, and I´m medium lot now.{quote}

So in another word, you're hedging your trades to stay afloat?
  • #58,509
  • May 23, 2013 10:23am May 23, 2013 10:23am
Quoting Rtm
{quote} huge descending triangle on monthly looking good too!
yap, much more promise to bulls! I built a good medium lot position at 9680, so maybe with 150/200 pips I´ll be pleased thi stime...9800 is good first target also.
  • #58,510
  • May 23, 2013 10:43am May 23, 2013 10:43am
Quoting Mozzy
{quote} So in another word, you're hedging your trades to stay afloat?
It´s my trading style:

I must have in my account the enough money to hold the sufficient pips against me, in this case, until 0.9500.
first 100 pips down I reinforce equal position
the next 100 pips I reinforce double...and so on, until

when I´m gaining 100/150 pips I close position.

you have to choose anyway very well by charts your enter point.
  • #58,511
  • May 23, 2013 10:53am May 23, 2013 10:53am
heheheheheeh!!! it´s gainning speed!!!! I still think this week it will end on cross, at 9730, so I´m going to catch the opportunity to close the gain of 100/150 pips in next days, mediu position
  • #58,512
  • May 23, 2013 12:36pm May 23, 2013 12:36pm
The 4h bar even closed above the 0.9750 area and 61.8 too, so it's a keeper for me. Stop at breakeven though...
  • #58,513
  • May 26, 2013 8:00pm May 26, 2013 8:00pm
Starting to scale in, lower the prices the better.
  • #58,514
  • May 26, 2013 8:30pm May 26, 2013 8:30pm
The persistent dropping of the pair is puzzling to me.Yen dropped over 200pips and nothing here.Zero.
I have only 1 long position at 9680 but still I am perplexed. Highest interest paid currency and most sold off.Just makes no sense.At this point I will just wait until this piece of shit hits 95
In trading, you have to be defensive and aggressive at the same time
  • #58,515
  • May 26, 2013 9:44pm May 26, 2013 9:44pm
Looking at sell off PA above current month, I would not be surprised to see us reach 38 fib/support at 92
Attached Image (click to enlarge)
Click to Enlarge Name: audusdmonthly1.png Size: 37 KB
Come with me if you want to live....
  • #58,516
  • May 26, 2013 10:11pm May 26, 2013 10:11pm
I think this piece of shit has kept falling 'coz OZ government made clear that it's too strong, the OZ interest rate is too high. So they may further lower the interest rate and take other measures to depreciate the shit...Then the China economy is not looking good anymore, they r not buying OZ stuff, which adversely affect the OZ economy which again means more measures need to be taken to stimulate the economy and a weaker OZ dollar is preferred...Then according to COT report, the net positions has been changed from long to short 2 weeks ago and last Tuesday figure shows an increase of 140% net short contracts. so I guess there's still a long bear way to go for this pair...at least a drop to 0.93 is quite obvious...
having said that, I think for it to fall further, a correction is needed, and I suspect this week we may see a rebound as it's reaching last year same day's low of 0.9579...so to support your long position, I'll scale in a few lots
Quoting Davit
The persistent dropping of the pair is puzzling to me.Yen dropped over 200pips and nothing here.Zero.I have only 1 long position at 9680 but still I am perplexed. Highest interest paid currency and most sold off.Just makes no sense.At this point I will just wait until this piece of shit hits 95
make some money, have some fun, leave some footprints
  • #58,517
  • May 26, 2013 11:46pm May 26, 2013 11:46pm
Quoting boostrade
I think this piece of shit has kept falling 'coz OZ government made clear that it's too strong, the OZ interest rate is too high. So they may further lower the interest rate and take other measures to depreciate the shit...Then the China economy is not looking good anymore, they r not buying OZ stuff, which adversely affect the OZ economy which again means more measures need to be taken to stimulate the economy and a weaker OZ dollar is preferred...Then according to COT report, the net positions has been changed from long to short 2 weeks ago and...
such an expert review, very nice

I was also expecting some rebound for Aussie this week, just place one long position.
  • #58,518
  • May 27, 2013 2:20am May 27, 2013 2:20am
Attached Image (click to enlarge)
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  • #58,519
  • May 27, 2013 4:27am May 27, 2013 4:27am
Just a two cent opinion of mine on the AUDUSD pair.
Although major trend has shown a breakout of previous support level is possible now, but short term wise, we are looking at potential reversal to at least 0.9900 level. Noted that the AUDUSD has been heading south for the past 2-3weeks, and in addition that the RBA rate cut, Mr. George Soros shorted AUDUSD @ 1.0300 range. Now, it looks like uptrend movement may be coming back soon. All we need is a confirmation for this week, a upwards movement. Note: This week is monthly closing. It would means something to the AUDUSD on how it closes for the week and the month

As attached is my analysis
Feel free to comment on my blog too, http://alternateforexiew.wordpress.com
Attached File(s)
File Type: pdf AUDUSD 26MAY.pdf   331 KB | 338 downloads
Knowledge is powerful tool that we can ever have.
  • #58,520
  • May 27, 2013 8:27am May 27, 2013 8:27am
Quoting rikusks
Just a two cent opinion of mine on the AUDUSD pair.Although major trend has shown a breakout of previous support level is possible now, but short term wise, we are looking at potential reversal to at least 0.9900 level. Noted that the AUDUSD has been heading south for the past 2-3weeks, and in addition that the RBA rate cut, Mr. George Soros shorted AUDUSD @ 1.0300 range. Now, it looks like uptrend movement may be coming back soon. All we need is a confirmation for this week, a upwards movement. Note: This week is monthly closing. It would means...
nice share brother

I have bookmarked ur blog,
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