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AUD/USD

  • #61,981
  • Aug 7, 2013 10:45pm Aug 7, 2013 10:45pm
thats why you trade the technicals first and think about fundammentals next....it was way over done in my humble opinion...this can go up along way...ie 0.9600 isnt out of the question..
  • #61,982
  • Aug 7, 2013 11:18pm Aug 7, 2013 11:18pm
Quoting 2+2=4ex
{quote} No it should not be heading the other way right now. Keep in mind, banks, large funds and other major players position themselves ahead of announcements made by central banks, not after the announcement. They usually begin doing this months in advance. They position themselves to guard against worst case scenarios. Look at a weekly chart and you will see these large market players began their move in April. Apparently these main market participants started becoming confident of a rate cut at about that time. The confidence grew as the announcement...

Well there will probably be more rate cuts to come as our economy is shit the they better position themselves for that.
  • #61,983
  • Aug 7, 2013 11:18pm Aug 7, 2013 11:18pm
Quoting ninner
thats why you trade the technicals first and think about fundammentals next....it was way over done in my humble opinion...this can go up along way...ie 0.9600 isnt out of the question..
I strongly doubt .96.

.93 maybe.
  • #61,984
  • Aug 7, 2013 11:44pm Aug 7, 2013 11:44pm
Quoting Mozzy
{quote} I strongly doubt .96. .93 maybe.
it is crazy how people's opinion changes in few hrs. one day rally of 100 pips and what I hear is people saying 0.96 now. for that matter why not 1.000 and all the big institutional players will exit at break even price.

  • #61,985
  • Aug 7, 2013 11:50pm Aug 7, 2013 11:50pm
Hi

May be 1.04

cheer
  • #61,986
  • Aug 7, 2013 11:57pm Aug 7, 2013 11:57pm
Quoting lazy
Hi May be 1.04 cheer

hahaha. lol. don't forget the biggest indicator aussie is turning is how bullish their central bank becomes not china
  • #61,987
  • Aug 8, 2013 12:08am Aug 8, 2013 12:08am
For me first 4 hr 200 ema and that is my target. We have 23 fib and 93 area as resistance. Cloud on 4 hr is very fat now so it takes so big news to go like a knife on other side. That 93 area was 4 times nice resistance and 200 ema 2 times. On 4 hr and daily 95,60 area and 96,75 i see that resistance area. Dont know that 96 ......i dont see it. And hard thing to do. 91,30-50 area on 4 hr also was support for 5 times in this TF so... many rivers to cross to that 96 and so fast.

When people talk abut big boys one big boy said at begining of MTHE MAN WHO KILLS GBPay that he is selling AUD. Few years ago he said that about GBP and it makes 6000pips down in 6 mounth i think. They call him THE Man Who Broke The Bank Of England. That doesnt mean it will happen again, even that big fall had some retrace but...
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  • #61,988
  • Aug 8, 2013 12:13am Aug 8, 2013 12:13am
Quoting giveachance
{quote} hahaha. lol. don't forget the biggest indicator aussie is turning is how bullish their central bank becomes not china
Hi
RBA have not got any power all over globe all currencies loosing theire value because usd going back home after bumper profit

cheers
  • #61,989
  • Aug 8, 2013 12:13am Aug 8, 2013 12:13am
Todays's MT4 Temlate

AU

Other pairs here http://www.forexfactory.com/showthre...85#post6877985
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #61,990
  • Aug 8, 2013 1:40am Aug 8, 2013 1:40am
Short 9062, targeting 90.
  • #61,991
  • Aug 8, 2013 2:10am Aug 8, 2013 2:10am
Quoting Ck87
Short 9062, targeting 90.
You did well through going short in this unpredictable AUDUSD moves! I was in loss going long! Closed that with lose!
  • #61,992
  • Aug 8, 2013 2:14am Aug 8, 2013 2:14am
Hi
0.9140 in aud is line in the sand it brakes it will go up
if not it will sink to 0.80 in due course

cheers
  • #61,993
  • Aug 8, 2013 2:20am Aug 8, 2013 2:20am
Quoting Red Herring
{quote} You did well through going short in this unpredictable AUDUSD moves! I was in loss going long! Closed that with lose!

Possible, still could come back up and even make new highs but it's looking weak to me now and EU stopped at 1.337 resistance which should help AU drift lower.
  • #61,994
  • Aug 8, 2013 2:37am Aug 8, 2013 2:37am
Quoting ninner
thats why you trade the technicals first and think about fundammentals next....it was way over done in my humble opinion...this can go up along way...ie 0.9600 isnt out of the question..
Agree and especially when your consider rate forecasts by Australian banks is for around 0.85 at end of year and into 2014
  • #61,995
  • Aug 8, 2013 2:49am Aug 8, 2013 2:49am
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  • #61,996
  • Aug 8, 2013 3:20am Aug 8, 2013 3:20am
Quoting Ck87
{quote} Possible, still could come back up and even make new highs but it's looking weak to me now and EU stopped at 1.337 resistance which should help AU drift lower.
Good thought
I am short again with 0.90750
Lets see
  • #61,997
  • Aug 8, 2013 3:26am Aug 8, 2013 3:26am
I'm long . Tp 0.9115
  • #61,998
  • Aug 8, 2013 3:43am Aug 8, 2013 3:43am
Quoting allex82
I'm long . Tp 0.9115
Well done, my trade is closed!
  • #61,999
  • Aug 8, 2013 4:19am Aug 8, 2013 4:19am
This is a bottom, no use to keep shorting AUD. The bottom was materialized right after the RBA spoke.

Now we have massive shorts pilled in so when they realize the first to get out is the winner, aud will be on this upside risk all the time.
I'm so sorry if I alienate some of you
  • #62,000
  • Aug 8, 2013 4:35am Aug 8, 2013 4:35am
Great stuff from Boris's tweet

http://www.ritholtz.com/blog/2013/08...eat-uprooting/
The true fact is market doesn't care, risk mgt is important.
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