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AUD/USD

  • #60,221
  • Jul 10, 2013 5:28pm Jul 10, 2013 5:28pm
Quoting OMGtrader
The Feds totally blew off the idea of tapering QE... That is huge news. Laying off the Aud/Usd short until sentiments change once again....
Agreed. Tapering of QE had to an extent been priced in (with some underlying uncertainty) and it seems unwinding of those positions leaves significant room for higher prices. 0.96 is certainly now achievable mid term in MHO.
Nil desperandum
  • #60,222
  • Jul 10, 2013 5:58pm Jul 10, 2013 5:58pm
Quoting vincentprice
{quote} Agreed. Tapering of QE had to an extent been priced in (with some underlying uncertainty) and it seems unwinding of those positions leaves significant room for higher prices. 0.96 is certainly now achievable mid term in MHO.
Much of the dollar strength will unwind significantly in the coming days/weeks. The dollar is at the mercy of the Federal Reserve...
Trade what you see, not what you think!
  • #60,223
  • Jul 10, 2013 6:50pm Jul 10, 2013 6:50pm
Quoting OMGtrader
{quote} Much of the dollar strength will unwind significantly in the coming days/weeks. The dollar is at the mercy of the Federal Reserve...
Agreed. Yep Bernanke at it again, I friggin KNEW they were bullshitting about QE tapering. looks like this could be the turning point (or at least a start) for USD correction.
  • #60,224
  • Jul 10, 2013 6:55pm Jul 10, 2013 6:55pm
Quoting chaosclio
{quote} Agreed. Yep Bernanke at it again, I friggin KNEW they were bullshitting about QE tapering. looks like this could be the turning point (or at least a start) for USD correction.
Don't get me wrong, I am longer term bullish on the USD. This has been a rock along the road as I think eventually they will start tapering off their QE once the economic data meets their requirements... Apparently now is not the time that they will taper...
Trade what you see, not what you think!
  • #60,225
  • Jul 10, 2013 6:57pm Jul 10, 2013 6:57pm
H1 Chart
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 34 KB
  • #60,226
  • Jul 10, 2013 7:03pm Jul 10, 2013 7:03pm
the Aussie is still a relatively weak currency. May see move higher in the coming days/weeks but definitely not on the notion of an strong Aussie but more a weaker USD.
Trade what you see, not what you think!
  • #60,227
  • Jul 10, 2013 7:05pm Jul 10, 2013 7:05pm
Quoting OMGtrader
the Aussie is still a relatively weak currency. May see move higher in the coming days/weeks but definitely not on the notion of an strong Aussie but more a weaker USD.
if you look at daily chart and technical perspective..
do you know we are in uptrend ???
this bearish move is just correction/retracement??
  • #60,228
  • Jul 10, 2013 7:06pm Jul 10, 2013 7:06pm
Quoting seaman2
{quote} 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.
I'm also thinking about using options as an alternative but need to learn more about both options and futures as I've only ever traded spot.
Hope for the best, prepare for the worst.
  • #60,229
  • Jul 10, 2013 7:14pm Jul 10, 2013 7:14pm
Quoting HelloOz
{quote} if you look at daily chart and technical perspective.. do you know we are in uptrend ??? this bearish move is just correction/retracement??
Unless your time horizon is more towards the mid to long term, which I am pretty sure at least 90% of the traders here aren't, the trend currently is down. Long term, yes the trend is up, but that doesn't make you money if you are short trader trading off an long term perspective...
Trade what you see, not what you think!
  • #60,230
  • Jul 10, 2013 7:31pm Jul 10, 2013 7:31pm
Quoting OMGtrader
{quote} Unless your time horizon is more towards the mid to long term, which I am pretty sure at least 90% of the traders here aren't, the trend currently is down. Long term, yes the trend is up, but that doesn't make you money if you are short trader trading off an long term perspective...
agree with your last sentence..
  • #60,231
  • Jul 10, 2013 7:32pm Jul 10, 2013 7:32pm
interesting discussion.
is it uptrend or downtrend?
the king of the questions.
i will give away the answer and won't ask anything in return.
"it is both uptrend and downtrend at the same time". also read my signature. this should ring bells.
As Above, So Below
  • #60,232
  • Jul 10, 2013 8:25pm Jul 10, 2013 8:25pm
Quoting OMGtrader
{quote} Unless your time horizon is more towards the mid to long term, which I am pretty sure at least 90% of the traders here aren't, the trend currently is down. Long term, yes the trend is up, but that doesn't make you money if you are short trader trading off an long term perspective...
True mate, it's all about our own perspective & trading TFs that hopefully match our trading styles haha
  • #60,233
  • Jul 10, 2013 8:28pm Jul 10, 2013 8:28pm
aussie employment #s in 1 min...
Trade what you see, not what you think!
  • #60,234
  • Jul 10, 2013 8:59pm Jul 10, 2013 8:59pm
Quoting OMGtrader
aussie employment #s in 1 min...

Not much of a reaction to the #s

I wonder if tomorrow we continue the bull move up to 94 region
  • #60,235
  • Jul 10, 2013 9:03pm Jul 10, 2013 9:03pm
The rise in unemployment is going to give the RBA to lower interest rates again, still got room to fall, be careful when scalping longs!
  • #60,236
  • Jul 10, 2013 9:07pm Jul 10, 2013 9:07pm
Quoting Arman_A
The rise in unemployment is going to give the RBA to lower interest rates again, still got room to fall, be careful when scalping longs!
wait for CPI..
current inflation is 2.5

IMO CPI for last quarter will be between 2.7-3%
will not give RBA much room to cut
  • #60,237
  • Jul 11, 2013 1:45am Jul 11, 2013 1:45am
AUS_Sep.................ThankXxX You Love You Its Green PipsXxX Morning

AUS_Sep----------->
  • #60,238
  • Jul 11, 2013 2:23am Jul 11, 2013 2:23am
this pair broke the 4 months long down channel (daily) and i thought i was going to be the turning point and form a bullish trend...but...it looks like it pulled back into the channel now
  • #60,239
  • Jul 11, 2013 2:56am Jul 11, 2013 2:56am
Wow! Quite a night that was.
But still Australia is worse off and to turn bullish on this pair,
I will wait till the end of the day and watch the reaction around the EMA 20
on the daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: aud_USD.JPG Size: 85 KB


Danny
  • #60,240
  • Jul 11, 2013 7:00am Jul 11, 2013 7:00am
After an AWESOME night and taking mad profits I see a nice entery of short at the EUR/AUD 1.42. Going in hard on that one.
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