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AUD/USD

  • #59,541
  • Jun 20, 2013 5:00am Jun 20, 2013 5:00am
Quoting seaman2
{quote} can you pls expand where is 30 yr support coming from ? aud was floated in 83, I think.

look at a 30 year chart...from when it was let go...to now... you will see a horizontal zone right below this area were price finds a turn...as it comes into this area it gets hard to keep going...same as if it is coming up to the area right under here...it gets hard to keep going up through the area below here...
  • #59,542
  • Jun 20, 2013 5:25am Jun 20, 2013 5:25am
Quoting Robby
{quote} look at a 30 year chart...from when it was let go...to now... you will see a horizontal zone right below this area were price finds a turn...as it comes into this area it gets hard to keep going...same as if it is coming up to the area right under here...it gets hard to keep going up through the area below here...
I see thanks. Around 92 and other clearer one is 80c.

Looked at prior bottoming waves and could well be we are now carving bottom.
  • #59,543
  • Jun 20, 2013 5:33am Jun 20, 2013 5:33am
Quoting seaman2
{quote} I see thanks. Around 92 and other clearer one is 80c. Looked at prior bottoming waves and could well be we are now carving bottom.

Yes but 80 is a long away from here...so that is not in the realm of possibilities... This is the area for a bottom...
  • #59,544
  • Jun 20, 2013 5:34am Jun 20, 2013 5:34am
Robby what is ur TP? I'm long now also I'm a believer
  • #59,545
  • Jun 20, 2013 5:37am Jun 20, 2013 5:37am
Quoting iNSIELD
Robby what is ur TP? I'm long now also I'm a believer

Below 1 maybe above 1...when it hits 98 then I am looking to for reasons to exit...
  • #59,546
  • Jun 20, 2013 5:47am Jun 20, 2013 5:47am
Quoting Robby
{quote} Below 1 maybe above 1...when it hits 98 then I am looking to for reasons to exit...
lolz you guys talking about party?? forget! A lot efforts from AUD needed to go to parity now. It's was in sight when it reached .95 and stayed there but since yesterday's sell off the read to parity is more tougher now. And another rate cut insight from Aussie. So that may bring it below .90

So longing here is nothing but risking. Instead selling on highs in this awesome down trend channel will make some serious $$$$
  • #59,547
  • Jun 20, 2013 5:56am Jun 20, 2013 5:56am
Quoting namitak007
{quote} lolz you guys talking about party?? forget! A lot efforts from AUD needed to go to parity now. It's was in sight when it reached .95 and stayed there but since yesterday's sell off the read to parity is more tougher now. And another rate cut insight from Aussie. So that may bring it below .90 So longing here is nothing but risking. Instead selling on highs in this awesome down trend channel will make some serious $$$$

My money is on the long side...for aud... too much risk for it to keep going down....too many are short.... smart money will be long...that is why the big companies are building longs down here... their is a reason why... I learned to never go different than the big money is going. But I wish you well on your shorts....
  • #59,548
  • Jun 20, 2013 6:43am Jun 20, 2013 6:43am
Quoting seaman2
{quote} can you pls expand where is 30 yr support coming from ? aud was floated in 83, I think.
That's correct , but before that , from 1966 it had traded as a moveable peg with a 5c band (2.5c fluctuation either side) .
Hit a record Hi of 1.4875 in Dec 1973 . The Lo was 0.4775 in April 2001.


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  • #59,549
  • Jun 20, 2013 6:56am Jun 20, 2013 6:56am
AUS ::: I think if AUS break 90 then 87 and if break 87 it will Go 82 .....
But I am still on Long with my 7 open position I hope i will got some green Pips
as i Got last day with 2 Position 1200+3015 $ Hope for the best
If AUS closed 2marrow above 92 the it will Up side
Wish you all the best for Long trader


Chull Bull Chull Bull............. Its Market Lolllllllllllll.........................
  • #59,550
  • Jun 20, 2013 8:01am Jun 20, 2013 8:01am
Not being rude to anyone, the trend isnt clear. Below .90 is def going down, breaking .925, seems more like another round of retracement to .97 or .98. So my point is, i am just speculating, waiting for a clearer trend
Logics do not apply in FOREX
  • #59,551
  • Jun 20, 2013 8:11am Jun 20, 2013 8:11am
Quoting bskwak1124
Not being rude to anyone, the trend isnt clear. Below .90 is def going down, breaking .925, seems more like another round of retracement to .97 or .98. So my point is, i am just speculating, waiting for a clearer trend



Yeah : Its not clear But enjoy Drive On Ruff Road has also good Enjoyment
I hope i will safeand gain some green pips
  • #59,552
  • Jun 20, 2013 8:17am Jun 20, 2013 8:17am
I missed out on the big drop yesterday but I shorted after the HSBC Flash Manufacturing PMI came out and made 50 pips! I closed my trade based on the candles being outside the Bollinger Bands on the 15 min 30 min charts.

Right now the only chart the Aud/Usd is showing outside the bands is the daily and if the price was to pull back inside the minimum would be 92.62.
  • #59,553
  • Jun 20, 2013 8:18am Jun 20, 2013 8:18am
Quoting bskwak1124
Not being rude to anyone, the trend isnt clear. Below .90 is def going down, breaking .925, seems more like another round of retracement to .97 or .98. So my point is, i am just speculating, waiting for a clearer trend

LOL retracement back to .97 or .98? I'm sorry but thats where I draw the line.... Ozzie economy is weak, speculation is it will stagflate. Dollar economy is strong, speculation is that it will bounce back. Why go against speculation? There is more money to be made with the masses instead of the minority, srsly .98 or .97.. cot dam
  • #59,554
  • Jun 20, 2013 8:20am Jun 20, 2013 8:20am
For a long time it was huge range 0.96-1.06 which was broken. On monthly charts it's still uptrend) but trend line at 0.7160.
  • #59,555
  • Jun 20, 2013 8:20am Jun 20, 2013 8:20am
From resistance 9549 AUD breakdown 3 support levels in 4 hours.

S1 9428
S2 9275
S3 9170

So now we are at 9170 another support is 9040. This is very possible that in the next 24 h or so it will go to 9040. If 9040 will be broken then I think the Bank of Australia must act cause they currency under fire. Weak currency is very good for Bank of Australia cause they dont need to lower interest rates.

Risk now is very high but reward is very realistic. In 2 weeks we could go back to 9800 simply.

I am longing 9170 using 25% of mu capital. I will get margin call only at 0.7000 come on u those who sell AUD try to destroy me
All I can say not this time. KEEP LONGS !! THOSE F.BEARS will capitulate in near future.
  • #59,556
  • Jun 20, 2013 8:23am Jun 20, 2013 8:23am
Quoting Murdetrain
{quote} LOL retracement back to .97 or .98? I'm sorry but thats where I draw the line.... Ozzie economy is weak, speculation is it will stagflate. Dollar economy is strong, speculation is that it will bounce back. Why go against speculation? There is more money to be made with the masses instead of the minority, srsly .98 or .97.. cot dam
If everything was so simple like you write here than it should be much more profitable traders. You never know...what can be next.
  • #59,557
  • Jun 20, 2013 8:26am Jun 20, 2013 8:26am
Quoting Trader88q
I am longing 9170 using 25% of mu capital. I will get margin call only at 0.7000 come on u those who sell AUD try to destroy me All I can say not this time. KEEP LONGS !! THOSE F.BEARS will capitulate in near future.
And you seriously think that you will be able to hold potential 20+ big quotes loss?
  • #59,558
  • Jun 20, 2013 8:29am Jun 20, 2013 8:29am
I blew out my early account following the "Oh my margin call is 20 big figs away". the problem is your Risk/reward is still skewed, and eventually you will, or you'll get tired of seeing a huge -500 pip drawdown month after month. Trading bigger timeframes may smooth out intra-day voltility, but it doesn't help your risk/reward ratios.
  • #59,559
  • Jun 20, 2013 8:29am Jun 20, 2013 8:29am
Quoting Max FX
{quote} If everything was so simple like you write here than it should be much more profitable traders. You never know...what can be next.
2 days ago I was at $3000, I am now at $5000. You know why? Because I listened to speculation that FOMC would continue with their stance of stopping tapering (1 rally), then after that there was a very high probability that the .U.S. news today would be good (which they were).

Yes you are correct, its not that simple small complications can arise, but the overall probability that the USD will rise is much greater than if it will fall. How else do you trade other than buying the currency that is most favored to rise
  • #59,560
  • Jun 20, 2013 8:31am Jun 20, 2013 8:31am
Robby, from what I've gathered of your posts you have absolutely no idea what you are talking about.

Currently +119 on my short from yesterday. No clear bottom yet. Should we break below here 8937 is next mofu.
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