Attachments: AUD/USD

AUD/USD

#61,801
Aug 6, 2013 7:55pm Aug 6, 2013 7:55pm

Pip Anon
Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts

Quoting bskwak1124

Disliked

{quote} You were right on the move after the rate cut. Cheers mate

Ignored

What! I don't get any props? I been right all along lol

When the facts change I change my mind, what do you do sir

#61,802
Aug 6, 2013 7:56pm Aug 6, 2013 7:56pm

Neqrotik
| Joined Jun 2013 | Status: Trader | 980 Posts

Quoting Yuchen

Disliked

AU needs to remain above 0.8963 otherwise bull will in trouble.

Ignored

IMO anything below .8940 is fair game to .8850

The coincidental success is more dangerous than the expected failure

#61,803
Aug 6, 2013 8:19pm Aug 6, 2013 8:19pm

Surgical
| Joined Dec 2012 | Status: Trader | 58 Posts

Quoting dab

Disliked

{quote} I would have thought that the dominate factor that has already set the trend is will US taper or not? Relatively high AUD has been hurting the Aussie economy for a while but it was pretty robust to start with and isn't going to implode anytime soon so QE has been and will continue to be the dominate driving force. RBA probably the next largest influence. China news, unemployment etc can influence what RBA likely to do. From technical point of view the 15m & 1h charts both look to me as if triple top around .90 is in place short term. 89.50c...

Ignored

I think that for the moment a lot of the negativity for Australia has been priced in the fall from highs of April. The markets will certainly be looking for a lead from USD and China but locally there has been recognition that the mining boom is over and politicians are talking of the need to increase the size of the economy via revitalised industry, including agribusiness and manufacturing. The election next month may do a lot to improve confidence, increase productivity, lower input costs and unshackle business from red and green tape. In time this event may shape the direction of AUD more than other external factors. Watch the space.

#61,804
Aug 6, 2013 8:22pm Aug 6, 2013 8:22pm

HelloOz
| Joined Oct 2012 | Status: sutatS | 3,461 Posts

1H Chart,
either we enter new downtrend channel in Pink,
Or,
Resume uptrend channel in Green

http://td.md.it-finance.com/ProRealT...g&purpose=file

#61,805
Aug 6, 2013 8:30pm Aug 6, 2013 8:30pm

Yuchen
| Joined Aug 2009 | Status: I support AC Milan and Arsenal | 1,009 Posts

Quoting bskwak1124

Disliked

{quote} You were right on the move after the rate cut. Cheers mate

Ignored

Thanks but that does not mean anything, especially I am losing money by holding the average long position at 0.9150 without proper s/l, I thought I had enough money and AU should not break 0.9 at that moment, but again, it approves i was wrong. and I reset all my s/l to 0.8888 now, with t/p at 0.9135 to close 80%, and will reset s/l to 0.8988 if 0.9015 can be cleared.

#61,806
Aug 6, 2013 8:32pm Aug 6, 2013 8:32pm

Neqrotik
| Joined Jun 2013 | Status: Trader | 980 Posts

There was someone advocating in this thread and the cartoons AUD/USD thread a "buy and hold" post news as prices were going to the "Stars". Far from it IMHO.

The coincidental success is more dangerous than the expected failure

#61,807
Aug 6, 2013 8:49pm Aug 6, 2013 8:49pm

bskwak1124
| Joined Dec 2009 | Status: Trader | 443 Posts

Quoting Yuchen

Disliked

{quote} Thanks but that does not mean anything, especially I am losing money by holding the average long position at 0.9150 without proper s/l, I thought I had enough money and AU should not break 0.9 at that moment, but again, it approves i was wrong. and I reset all my s/l to 0.8888 now, with t/p at 0.9135 to close 80%, and will reset s/l to 0.8988 if 0.9015 can be cleared.

Ignored

I open 2shorts at 0.897, tp at 0.890 or 0.895 because i think today will be another quiet day until tmr employment data or even China data

Logics do not apply in FOREX

#61,808
Aug 6, 2013 8:51pm Aug 6, 2013 8:51pm

edindzeko
| Joined Apr 2013 | Status: Trader | 777 Posts

Rising trendline is broken. Lets see if support holds.

#61,809
Aug 6, 2013 9:03pm Aug 6, 2013 9:03pm

Greener
| Joined Jan 2010 | Status: Trader | 1,638 Posts

house market is stabilizing, a rate cut should do well in this sector now..this should be the perfect time to price this in

#61,810
Aug 6, 2013 9:07pm Aug 6, 2013 9:07pm

Ssm
| Joined Jul 2011 | Status: Trader | 911 Posts

http://i1116.photobucket.com/albums/...ps54fc4d37.jpg

This level got rejected for several times this week. Bears are not giving up a fight in this territory.

The true fact is market doesn't care, risk mgt is important.

#61,811
Aug 6, 2013 9:16pm Aug 6, 2013 9:16pm

Poppyyoz
| Joined Jul 2013 | Status: Trader | 16 Posts

I think market is ranging right now before a breakout happens within this week.

#61,812
Edited Aug 7, 2013 3:51pm Aug 6, 2013 9:52pm | Edited Aug 7, 2013 3:51pm

Trade Master
| Joined Aug 2013 | Status: Trader | 22 Posts

i an long for sure
happy trading

Sean Patel

#61,813
Aug 6, 2013 9:53pm Aug 6, 2013 9:53pm

Ssm
| Joined Jul 2011 | Status: Trader | 911 Posts

Quoting Ssm

Disliked

{image} This level got rejected for several times this week. Bears are not giving up a fight in this territory.

Ignored

However, looking closely to the chart, the strength of the rejection are getting stronger and stronger each time. Shows that bears are getting more and more confident each time it reaches .9 level.

The true fact is market doesn't care, risk mgt is important.

#61,814
Aug 6, 2013 10:42pm Aug 6, 2013 10:42pm

Neqrotik
| Joined Jun 2013 | Status: Trader | 980 Posts

Quoting Trade Master

Disliked

i an long for sure happy trading {image}

Ignored

Oh...my...lord. How do you READ THAT?!?!

The coincidental success is more dangerous than the expected failure

#61,815
Aug 6, 2013 10:53pm Aug 6, 2013 10:53pm

tashkent
Joined Oct 2011 | Status: quo | 4,193 Posts

Quoting Yuchen

Disliked

{quote} Thanks but that does not mean anything, especially I am losing money by holding the average long position at 0.9150 without proper s/l, I thought I had enough money and AU should not break 0.9 at that moment, but again, it approves i was wrong. and I reset all my s/l to 0.8888 now, with t/p at 0.9135 to close 80%, and will reset s/l to 0.8988 if 0.9015 can be cleared.

Ignored

shit happens. long time i have stopped buying this aussie crap. no wonder if it hits 0.80 in coming weeks. either short or stay away until monthly green candle.

As Above, So Below