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AUD/USD

  • #61,021
  • Jul 31, 2013 8:06am Jul 31, 2013 8:06am
Quoting samirs
{quote} why not short?

R:R favors long positions. You are in a oversold market so you are looking at the lasts of the push to the downside. That is why people are building up long positions. Too many things that will move AUD up and too few that will move it down. That is why.
  • #61,022
  • Jul 31, 2013 8:08am Jul 31, 2013 8:08am
Posted back in Feb 3, 2013......

Updated............
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a chart update.JPG Size: 131 KB
Click to Enlarge Name: a chart update 2 aud.JPG Size: 133 KB
The More You Learn, The More You Earn.....
  • #61,023
  • Jul 31, 2013 8:19am Jul 31, 2013 8:19am
Quoting forexalien
Posted back in Feb 3, 2013...... Updated............ {image} {image}

Watch out longs...?
  • #61,024
  • Jul 31, 2013 8:29am Jul 31, 2013 8:29am
Quoting Robby
{quote} R:R favors long positions. You are in a oversold market so you are looking at the lasts of the push to the downside. That is why people are building up long positions. Too many things that will move AUD up and too few that will move it down. That is why.
Lol, you know another trader said that at .9020 last night and it made news lows. It may be logical to think that there is no more, or less downside, but trading defies logic.
When the facts change I change my mind, what do you do sir
  • #61,025
  • Jul 31, 2013 8:31am Jul 31, 2013 8:31am
5 hours from now FOMC statement will release ,, i wonder what will happen
  • #61,026
  • Jul 31, 2013 8:32am Jul 31, 2013 8:32am
Quoting edindzeko
{quote} Watch out longs...?
I have a few micro's in to test the water , to the long side at the moment, BUT the H4 is not done dropping yet.....IMO.......
The More You Learn, The More You Earn.....
  • #61,027
  • Jul 31, 2013 8:32am Jul 31, 2013 8:32am
Agree that R:R favors long.

But whether to buy now or wait till it drops further is up to each trader's discretion.

Personally, I've set triggers till .86+.
  • #61,028
  • Jul 31, 2013 8:36am Jul 31, 2013 8:36am
Quoting Slim Buffett
test 2..... this is only a test (of graphic display) More clear on daily ?? idk end test 2 {image}
Display of colors...
  • #61,029
  • Jul 31, 2013 8:37am Jul 31, 2013 8:37am
AUS-Sep : My Long trades are still Open From 0.90440 / 0.90430 and also wantt o place
new Long from Dip ASU_sep will go down little more and after that it will Go UP
i hope its will be good trade for me soon will get green pipXxX
  • #61,030
  • Jul 31, 2013 8:40am Jul 31, 2013 8:40am
Quoting Pip Anon
{quote} Lol, you know another trader said that at .9020 last night and it made news lows. It may be logical to think that there is no more, or less downside, but trading defies logic.
It's everyone own assessment. I am just pointing out that the news coming out is priced in and their is nothing new in the future news that favors more selling. All the news favors buying. Then you have commodities prices moving up. AUD is a export of oil. Higher oil prices = higher AUD. You have gold putting in a bottom also and AUD is an export of Gold, along with others. Copper, etc... these prices are all moving up. AUD exports all those. So the R:R favors to the upside not to the downside. You can read it how every you want too.
  • #61,031
  • Jul 31, 2013 8:46am Jul 31, 2013 8:46am
Quoting samirs
{quote} .86? wow....so you are building longs starting now and will keep adding till .86?
Yup, not expecting it to go below .88 though, but it's always good to prepare for the worst

My setup is telling me it's gonna explode upwards by end of this week or early next week, so I'm ready.

But please trade safe and trade your own system.
  • #61,032
  • Jul 31, 2013 8:56am Jul 31, 2013 8:56am
Quoting Malik taxila
AUS-Sep : My Long trades are still Open From 0.90440 / 0.90430 and also wantt o place new Long from Dip ASU_sep will go down little more and after that it will Go UP i hope its will be good trade for me soon will get green pipXxX

yah sure ...
  • #61,033
  • Jul 31, 2013 8:57am Jul 31, 2013 8:57am
Quoting Robby
{quote} It's everyone own assessment. I am just pointing out that the news coming out is priced in and their is nothing new in the future news that favors more selling. All the news favors buying. Then you have commodities prices moving up. AUD is a export of oil. Higher oil prices = higher AUD. You have gold putting in a bottom also and AUD is an export of Gold, along with others. Copper, etc... these prices are all moving up. AUD exports all those. So the R:R favors to the upside not to the downside. You can read it how every you want too.
Oils down, gold is down, copper is heading back to its lows on the daily. A stronger U.S. economy and crude and gold will be relatively stable. Gold should also tank if there is a taper in the works.

I am not attacking you position, but I am trying to define the logic behind that. Just conversing. All I am saying is traders keep saying this is priced in, bulls are here, and all Aussie does is going down. Glenn Stevens mentioned rate cuts, and I believe we are pricing that in, but until AUD economic data gets better I dont think the latter stuff matters.

Yes, Australia is heavy on commodities, yet as they move from lows to more stable ranges Aussie keeps falling. That's just what my charts tell me. We are due for a pullback, but I don't see that as anything but a quick trade. We are likely to see .87
When the facts change I change my mind, what do you do sir
  • #61,034
  • Jul 31, 2013 8:59am Jul 31, 2013 8:59am
Quoting Malik taxila
AUS-Sep : My Long trades are still Open From 0.90440 / 0.90430 and also wantt o place new Long from Dip ASU_sep will go down little more and after that it will Go UP i hope its will be good trade for me soon will get green pipXxX
Why do you keep placing longs? It would be best to wait for consolidation to get better prices.
When the facts change I change my mind, what do you do sir
  • #61,035
  • Jul 31, 2013 9:01am Jul 31, 2013 9:01am
Quoting Pip Anon
{quote} Oils down, gold is down, copper is heading back to its lows on the daily. A stronger U.S. economy and crude and gold will be relatively stable. Gold should also tank if there is a taper in the works. I am not attacking you position, but I am trying to define the logic behind that. Just conversing. All I am saying is traders keep saying this is priced in, bulls are here, and all Aussie does is go down. Glenn Stevens mentioned rate cuts, and I believe we are pricing that in, but until AUD economic data gets better I dont think the latter stuff...
When did AUD start heading down? When did commodities start moving down? I do not know about you but 85-90 old and 100+ oil is not down to me...but everyone reads thing different...
  • #61,036
  • Jul 31, 2013 9:02am Jul 31, 2013 9:02am
No matter what position you've take, it is ok as long as you have good MM..
  • #61,037
  • Jul 31, 2013 9:12am Jul 31, 2013 9:12am
Quoting Robby
{quote} When did AUD start heading down? When did commodities start moving down? I do not know about you but 85-90 old and 100+ oil is not down to me...but everyone reads thing different...
Dude, gold is down from 1600 an ounce. You can't tell me bullish Aussie because gold is at 1315 currently. It's off the lows, but down from 1600 and alltime 1900. Oil is down, $5, but should begin to stabilize. China's demand is sinking, and the US demand will as summer turns. Look at where copper is in relation to is high on the daily chart...yea, not that close.

Momentary price spikes won't help Australia's economy. The consumer is hurt, the job market is hurt. The resource boom has collapsed. Australia's economy goes hand-in-hand with China's and that doesn't look too promising
When the facts change I change my mind, what do you do sir
  • #61,038
  • Jul 31, 2013 9:12am Jul 31, 2013 9:12am
Quoting forexalien
{quote} I have a few micro's in to test the water , to the long side at the moment, BUT the H4 is not done dropping yet.....IMO.......
From your previous updated chart, could we see that the time for a swing is close? Since the begining of the year the pirce has been going down, we are almost at the lower side and needs to start moving up? It has gone below the 20 stoch
  • #61,039
  • Jul 31, 2013 9:14am Jul 31, 2013 9:14am
Quoting Robby
{quote} It's everyone own assessment. I am just pointing out that the news coming out is priced in and their is nothing new in the future news that favors more selling. All the news favors buying. Then you have commodities prices moving up. AUD is a export of oil. Higher oil prices = higher AUD. You have gold putting in a bottom also and AUD is an export of Gold, along with others. Copper, etc... these prices are all moving up. AUD exports all those. So the R:R favors to the upside not to the downside. You can read it how every you want too.

Aussie is not oil export heavy. Main commodity export are mining minerals. Those are heavily depressed in price and demand.
Trade what you see, not what you think!
  • #61,040
  • Jul 31, 2013 9:18am Jul 31, 2013 9:18am
The FOMC statement is being released at a generally very quiet time. Is anyone here trading it?
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