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AUD/USD

  • #59,981
  • Jul 3, 2013 3:20am Jul 3, 2013 3:20am
Quoting Mozzy
On the other hand I have an account with $295k and currently a trade on this pair from 9092 and a lot of 50. No, not .50, 50.00. I'll be holding this to 8780 or further. Yes, I understand a lot of people are afraid to give figures, but, I really don't care so much as I know my funds are safe and nobody knows who...
Do you mind telling us your leverage amount?
  • #59,982
  • Jul 3, 2013 4:44am Jul 3, 2013 4:44am
Inatractive now to scalp. You can scalp AUD but it stressfull think in such conditions. I now think we will hit 8800 this week after friday jobs report.
Unbelievable but AUD is done by bears. Now just dont have any strategy and level when to enter when to exit. Its better to wait july 15 CHINA GDP results.
After that MAYBE after this will be brake of such strong down trend. If not then july 31 FED Bernanke again

Now remember SOROS at may 10 2013. He said he is shorting AUD. That was not speculation. He really did it and mainlly Soros fund is one of those who short it.

Better to go to GU. It has potential to rise.
  • #59,983
  • Jul 3, 2013 6:23am Jul 3, 2013 6:23am
Can this asset drop to 0.8000 ?
  • #59,984
  • Jul 3, 2013 6:26am Jul 3, 2013 6:26am
Sure it can

Just as 0.7000 or 0.6000 or anything below is possible, though unlikely in the short term

Simply look at AU when it dropped 3800 pips in 2007 and rose over 50000 pips at the beginning of 2008
  • #59,985
  • Jul 3, 2013 6:39am Jul 3, 2013 6:39am
Quoting dambuster
Sure it can Just as 0.7000 or 0.6000 or anything below is possible, though unlikely in the short term Simply look at AU when it dropped 3800 pips in 2007 and rose over 50000 pips at the beginning of 2008
you got the year wrong..
i think that was when lehman bro collapsed in 2008..
AUD retraced to 61.8% at 60cents before we continue uptrend.. completing ABCD formation at 1.10..

if history to repeat itself.. we may see 78-75 then move up to 1.20..
  • #59,986
  • Jul 3, 2013 6:48am Jul 3, 2013 6:48am
I stand corrected the drop started in July 2008 with the rebound around 6 months later
  • #59,987
  • Jul 3, 2013 6:54am Jul 3, 2013 6:54am
I think the chances of getting to 0.95 is higher than 0.85 (speaking short term).
Soros didnt 100% confirm he is shorting the AUD but lets not disrespect the old man who dropped the GBP.
There was alot of confusion about the data of last night and people get on panic easily..
I noticed some people here talked about US interest rate might going up soon, but this will only be the trigger of other countries to do the same, and I dont think the Australian bank will stay under 2.5%.
  • #59,988
  • Jul 3, 2013 7:49am Jul 3, 2013 7:49am
Quoting tomersror
I think the chances of getting to 0.95 is higher than 0.85 (speaking short term). Soros didnt 100% confirm he is shorting the AUD but lets not disrespect the old man who dropped the GBP. There was alot of confusion about the data of last night and people get on panic easily.. I noticed some people here talked about US interest rate might going up soon, but this will only be the trigger of other countries to do the same, and I dont think the Australian bank will stay under 2.5%.
U know all trouble maker is FED. One word and a lot of troubles. FED goal to create an image that U.S economy is getting better and better. Even those numbers are not real.

What stands behind this? I think FED goal to create a crysis in china by lowering gold prices. We are very near the bottom i think. Maybe one more wave down to 1000 $ and this is it. Then FED will say that QE will continue and here we go. When he will say that? No one knows insted Bernanke.

Saying in other words if China will start really crash i think this will be the last crysis ever cause after WW3 will take place i will no need of forex.

So FED knows that playing with fire but add oil to boiling china its FED style. If WW3 will take place I will blow up FED first.
  • #59,989
  • Jul 3, 2013 7:54am Jul 3, 2013 7:54am
Timing timing timing. Every time i say it to myselft. Timing is the key not price.
U must open it in proper time not in proper price.

I think most of the world was thinking the 1500$ is very low price and a lot of people burned down. At 1350$ another part of cleaver people buy gold and again burned down

So i was thinking that 9500 is the last price of AUD/USD this year. I was wrong. Then 9330 was my next target and 9170 the last one. Now made -15% of my capital its prety big minus. So i stopped now. Need to reconsited my strategy. Its hard to go against trend. But to short at lows its also very hard.
  • #59,990
  • Jul 3, 2013 7:55am Jul 3, 2013 7:55am
Quoting Trader88q
{quote} U know all trouble maker is FED. One word and a lot of troubles. FED goal to create an image that U.S economy is getting better and better. Even those numbers are not real. What stands behind this? I think FED goal to create a crysis in china by lowering gold prices. We are very near the bottom i think. Maybe one more wave down to 1000 $ and this is it. Then FED will say that QE will continue and here we go. When he will say that? No one knows insted Bernanke. Saying in other words if China will start really crash i think this will be the...
So despite good unemployment data fed will continue Qe. Ok Jeff
  • #59,991
  • Jul 3, 2013 7:59am Jul 3, 2013 7:59am
Quoting Murdetrain
{quote} So despite good unemployment data fed will continue Qe. Ok Jeff
Yes ! cause we are thinking that good number is the way FED will taper QE but listen do they really ? If they will do so another global crysis will apper like in 2007. They are not suiciders i think.

Another indicator for me that qe will go on its streling/usd .

Sterling show stong move agains dollar. It indicates somethink. Maybe AUD will recover to 9300 soon. But down trend will continue to infinity...
  • #59,992
  • Jul 3, 2013 8:06am Jul 3, 2013 8:06am
Quoting Trader88q
{quote} Yes ! cause we are thinking that good number is the way FED will taper QE but listen do they really ? If they will do so another global crysis will apper like in 2007. They are not suiciders i think. Another indicator for me that qe will go on its streling/usd . Sterling show stong move agains dollar. It indicates somethink. Maybe AUD will recover to 9300 soon. But down trend will continue to infinity...
That statement makes no sense ... Even when it reaches 0? Will it continue down even then
  • #59,993
  • Jul 3, 2013 8:06am Jul 3, 2013 8:06am
Traders look at the AUD as a commodity not as a currency.. same for the gold sharp movemets for the last months.
Serious traders make profit from shorting it and then buying it back or close positions in some point. its not the ''Trend'' that makes the rules, its the traders with the most money who move it up and down and taking profits.
  • #59,994
  • Jul 3, 2013 8:31am Jul 3, 2013 8:31am
long 9058...

AUD over shoots so much it makes it kind of easy to play the pull back
Be hopeful in a winning position, and fearful in a losing position.
  • #59,995
  • Jul 3, 2013 8:36am Jul 3, 2013 8:36am
Quoting Rag2RichesFX
long 9058... AUD over shoots so much it makes it kind of easy to play the pull back
Agree. got into the game at 9060 and shorting EUR at 1.4305.
  • #59,996
  • Jul 3, 2013 8:39am Jul 3, 2013 8:39am
If to invest not a day trade AUD is good investment in 9000-9300 area. but investing takes weeks, months sometimes years.
I mean you can invest in AUD now and take profit suppose in 1.0300 level at the end of the year. But for daily traders its hard ticket

In long run AUD will recover thats for sure. But in short term it will go to 8800. In mid term we may see 9550 again but not more.

What interesting is that the bears will take profit at some point and will long aud. that will create a huge rocket to the sky. question is what are their profit targets.

to better understand this movement need to know when they will take profit? Or just now, or 200 pips below or 1200 pips below. that is importand now.

Data now is not importand and tech.dont work as usually.
  • #59,997
  • Jul 3, 2013 8:49am Jul 3, 2013 8:49am
Quoting Trader88q
What interesting is that the bears will take profit at some point and will long aud. that will create a huge rocket to the sky. question is what are their profit...
Nicely said I believe any time soon.
  • #59,998
  • Jul 3, 2013 9:20am Jul 3, 2013 9:20am
Quoting tomersror
{quote} Agree. got into the game at 9060 and shorting EUR at 1.4305.
nice idea


im thinking of getting into euraud too.. but im waiting for about 1.4380

if i dont get it oh well
Be hopeful in a winning position, and fearful in a losing position.
  • #59,999
  • Jul 3, 2013 9:22am Jul 3, 2013 9:22am
Quoting Rag2RichesFX
long 9058... AUD over shoots so much it makes it kind of easy to play the pull back

what's the pull back you're waiting for ?
How to Win at Sports Betting: DON'T DO IT!
  • #60,000
  • Jul 3, 2013 9:46am Jul 3, 2013 9:46am
for reversal drop has to stop first. we need to see a few green bars on weekly then retest of the bottom. once it is checked for reliability that would confirm downtrend is over. so it should take a few months.
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