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AUD/USD

  • #60,181
  • Jul 9, 2013 6:35am Jul 9, 2013 6:35am
AUS_Sep ................. Green pipXxX
  • #60,182
  • Jul 9, 2013 7:27am Jul 9, 2013 7:27am
Video is little out of sync but you will get idea

Inserted Video
  • #60,183
  • Jul 9, 2013 7:57am Jul 9, 2013 7:57am
Still in an significant downtrend. All rallies will bet met with sellers. Aussie at the moment is an neutral currency in terms of relative strength. Will continue to slide against dollar and slightly against the yen and nzd. Will crush the upside against European currencies, chf, eur, and gbp.
Trade what you see, not what you think!
  • #60,184
  • Jul 9, 2013 8:56am Jul 9, 2013 8:56am
i'm going long on AUDNZD
expensive spread but it does hold against the 1.165 resistance TP at 1.175
don't overlook these minor pairings just because the buy/sell spread is huge
  • #60,185
  • Jul 9, 2013 5:18pm Jul 9, 2013 5:18pm
Quoting newbegger
It's getting very predictable with Aussie. Starts the week on the upside to get the bottom pickers to think the bottom is in this week. Then, either Tuesday or Wednesday, the heavy hitters run it down hard the rest of the week to clean out the stops and collect the spoils;-))) Will it happen again this week? Can't be 100% sure but this recipe has been a good one for 11 of the last 12 weeks;-)) {image}
No big dogs biting on this today! The eur, gbp, and chf had the predictable bank run at 10:00am New York so this pair has no legs now and should collapse under it's own weight. Good idea to short in now before Bernanke talks, as this will pull the rug.
Ecclesiastes 1:9
  • #60,186
  • Jul 9, 2013 5:21pm Jul 9, 2013 5:21pm
Closed short positions on this pair & gold, another cheeky 100 pips between them so total 175 yesterday. Waiting now for Uncle Ben & Aussie jobs data for tomorrow morning (Aussie time) think it's just going to be waaaay too volatile to predict the direction & don't like trading small lots with massive SL just for the sake of a market moving speech. Yep agree with others here looking at other non USD pairs for now
  • #60,187
  • Jul 9, 2013 5:49pm Jul 9, 2013 5:49pm
Quoting OMGtrader
{quote} if you believe the pair has significant downside, swap really shouldn't be a problem.
So I shouldn't consider it a problem that the broker takes 0.3 pips commission overnight via swap fees, because, if I make a big winning trade then I can afford it?

I don't understand the lack of transparency surrounding the brokers swap rates . Most of them don't even communicate on that. I need to open a demo account to get an idea of what they charge.
  • #60,188
  • Jul 9, 2013 6:21pm Jul 9, 2013 6:21pm
Quoting Onlyann
{quote} So I shouldn't consider it a problem that the broker takes 0.3 pips commission overnight via swap fees, because, if I make a big winning trade then I can afford it? I don't understand the lack of transparency surrounding the brokers swap rates . Most of them don't even communicate on that. I need to open a demo account to get an idea of what they charge.

to be quite blunt: swaps are annoying; but if you have to worry about the swap, then maybe you should not trade until you have a setup where the swap does not bother you. You'll never lose money NOT trading!
  • #60,189
  • Jul 9, 2013 6:29pm Jul 9, 2013 6:29pm
Quoting Onlyann
{quote} So I shouldn't consider it a problem that the broker takes 0.3 pips commission overnight via swap fees, because, if I make a big winning trade then I can afford it? I don't understand the lack of transparency surrounding the brokers swap rates . Most of them don't even communicate on that. I need to open a demo account to get an idea of what they charge.
My broker (IG Markets) started charging a higher % for swaps admin fee on minis 1st April so I've been planning to look into other brokers, just haven't had the time as wife and I recently had our first child. It is very disappointing that swaps aren't transparent but then if they are 'preying' on people who just try out FX than spreads are likely to be understood before swaps so they make their money where they can. Not great for holding long term clients but if lots of people go broke why focus on that? Would be interested in results of your search. Will also be interested in my broker response when I stop trading with them.

Pepperstone and Forex CT are two that I've been recommended by friends but no idea what their swaps are like.
Hope for the best, prepare for the worst.
  • #60,190
  • Jul 9, 2013 7:08pm Jul 9, 2013 7:08pm
Broke .914. Heading towards S1 .9105 or bouncing?
  • #60,191
  • Jul 9, 2013 9:22pm Jul 9, 2013 9:22pm
Quoting zipfur
Broke .914. Heading towards S1 .9105 or bouncing?
No bounce.. Just slowly climb back to early morning price
  • #60,192
  • Jul 9, 2013 10:48pm Jul 9, 2013 10:48pm
Quoting iNZane
{quote} to be quite blunt: swaps are annoying; but if you have to worry about the swap, then maybe you should not trade until you have a setup where the swap does not bother you. You'll never lose money NOT trading!
I hear you. I am not trying to argue that swap fees will turn me into a loser. Just trying to understand and avoid unnecessary extra fees
  • #60,193
  • Jul 9, 2013 11:49pm Jul 9, 2013 11:49pm
Quoting dab
{quote} My broker (IG Markets) started charging a higher % for swaps admin fee on minis 1st April so I've been planning to look into other brokers, just haven't had the time as wife and I recently had our first child. It is very disappointing that swaps aren't transparent but then if they are 'preying' on people who just try out FX than spreads are likely to be understood before swaps so they make their money where they can. Not great for holding long term clients but if lots of people go broke why focus on that? Would be interested in results of...
The best I have come across so far is Dukascopy : http://www.dukascopy.com/swiss/engli...nts/overnight/
It looks like it is a hassle to register though.
  • #60,194
  • Jul 10, 2013 2:25am Jul 10, 2013 2:25am
I'm surprised, because not to come harder down, because Chinese slowing

Chinese Exports and Imports
  • #60,195
  • Jul 10, 2013 2:37am Jul 10, 2013 2:37am
The Aussie is going it crash, the question is when? we have bad news all week but no response, either it will happen later with the FOMC meeting minutes or when AU employment figures are released. This rise is a bull trap imho....
  • #60,196
  • Jul 10, 2013 3:10am Jul 10, 2013 3:10am
Doubt whether the Aussie will break 0.9270, before crashing down!!!!

Third day of waiting for this sucker to give a continuation signal.

Danny
  • #60,197
  • Jul 10, 2013 3:28am Jul 10, 2013 3:28am
Quoting Onlyann
Hi, Are there any of you shorting the AUD/USD over weeks rather than intraday ? I was willing to do that but every forex broker I could find (Australian based) take a huge margin on the swap ( 10.2 points overnight with ICMarket instead of 7.5...).
yes, big swaps. My swing trade timed out today with 0.45 risk loss. Time stop gets you out so you not paying swaps day after day. Other option is use futures where swap is the fairest.
  • #60,198
  • Jul 10, 2013 4:34am Jul 10, 2013 4:34am
Alot of traders trying to enter shorts since yesterday and all they see is red pips by now.
I wonder how the employment data would look, and I got a feeling alot of traders will be surprised of the results and alot of computer screens will get broken
Im staying bullish.
  • #60,199
  • Jul 10, 2013 5:54am Jul 10, 2013 5:54am
" FED is depreciating GOLD"

Reasons:

1. By having cheap gold FED will cover paper dollars by gold. That will make dollar stronger for a long time. That will help to exit from big national debt of trilions of dollar.

2. Buy depreciating GOLD, the FED will crash down the biggest economy of strong competitor China. That will create new crysis not in U.S but in EUROZONE,AUSTRALIA and rest of the world. EURO/DOLLAR will hit 0.8.

3. After covering dollar by gold FED will start new program that will make gold prices to rise. They will rise GOLD to 3500-4000$.

GOT IT? That is secret information.
  • #60,200
  • Jul 10, 2013 6:00am Jul 10, 2013 6:00am
Quoting tomersror
Alot of traders trying to enter shorts since yesterday and all they see is red pips by now. I wonder how the employment data would look, and I got a feeling alot of traders will be surprised of the results and alot of computer screens will get broken Im staying bullish.
Bernanke will speak first, and only then will employment information!

First DOWN and then up ..... At least I think so
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