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AUD/USD

  • #65,081
  • Sep 12, 2013 7:46am Sep 12, 2013 7:46am
Quoting pips29
taken this trade30mins or so ago. Not trying to show off{image}

Be careful with your trade pal. Bulls back in action
  • #65,082
  • Sep 12, 2013 7:50am Sep 12, 2013 7:50am
Quoting WilliamDa
{quote} Be careful with your trade pal. Bulls back in action
thks for reminding me. Sl now at b/e+
the cautious seldom err....C
  • #65,083
  • Sep 12, 2013 7:58am Sep 12, 2013 7:58am
Quoting samirs
{quote} ok...i thought you were better than that...but anyway
you must also look at other usd related pairs to gauge its strength or weakness. If not you will be doomed. Just looking at this pair alone won't get you far, IMO
the cautious seldom err....C
  • #65,084
  • Sep 12, 2013 8:06am Sep 12, 2013 8:06am
Quoting samirs
Guys - this is AUD USD discussion thread.....why do you need to show off or something else about other currency pairs over here.....please stick to AUD discussion here....it is a bit frustrating to open the image to find that it has nothing to do with AUD.....
buddy... theres a reason why people post OTHER currency pair other than AUD related ones..... very often you need to gauge any moves with other pairs
also.... when pairs like AUDUSD are acting absolutely illogical you can trade stuff like USDJPY, or even cross pair like AUDNZD to make sense of what the market is doing.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #65,085
  • Sep 12, 2013 8:08am Sep 12, 2013 8:08am
Quoting pips29
{quote} are you using the dragon to trade
I'm not sure what the dragon is, well, other than my ex wife
Pride always comes before destruction.... -Proverbs 16:18
  • #65,086
  • Sep 12, 2013 8:09am Sep 12, 2013 8:09am
Quoting fxtyrant
{quote} buddy... theres a reason why people post OTHER currency pair other than AUD related ones..... very often you need to gauge any moves with other pairs also.... when pairs like AUDUSD are acting absolutely illogical you can trade stuff like USDJPY, or even cross pair like AUDNZD to make sense of what the market is doing.

couldn't agree more
the cautious seldom err....C
  • #65,087
  • Sep 12, 2013 8:11am Sep 12, 2013 8:11am
Quoting pips29
{quote} couldn't agree more
I think the AUDUSD is done with the retrace.... expecting AUDUSD to gun for 0.91 soon

heres my chart showing why...

Williams%R has dropped from the tops....
ADX also suggest the Bull trend is coming to an end by looking at the momentum of the bull trend (white line) is slowing down now....

Attached Image (click to enlarge)
Click to Enlarge Name: 20130912.1511.gmt.audusd.h4.png Size: 36 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #65,088
  • Sep 12, 2013 8:12am Sep 12, 2013 8:12am
Quoting Expo33
{quote} I'm not sure what the dragon is, well, other than my ex wife

ha,ha I reckon we all say that about exs'...ema 34 plus H &L
the cautious seldom err....C
  • #65,089
  • Sep 12, 2013 8:15am Sep 12, 2013 8:15am
Yes I agree the retracement is done soon and it will head back downwards where it should go. Atleast I HOPE it does haha. I am short on audusd since 0.9256

What do you guys think
  • #65,090
  • Sep 12, 2013 8:15am Sep 12, 2013 8:15am
Quoting fxtyrant
{quote} I think the AUDUSD is done with the retrace.... expecting AUDUSD to gun for 0.91 soon heres my chart showing why... Williams%R has dropped from the tops.... ADX also suggest the Bull trend is coming to an end by looking at the momentum of the bull trend (white line) is slowing down now.... {image}
I hope so.. as i have many triggers pulles on EUr/Aud and GBp/Aud buys here.
"be content with your pay" - John the Baptist
  • #65,091
  • Sep 12, 2013 8:24am Sep 12, 2013 8:24am
Quoting fxtyrant
{quote} I think the AUDUSD is done with the retrace.... expecting AUDUSD to gun for 0.91 soon heres my chart showing why... Williams%R has dropped from the tops.... ADX also suggest the Bull trend is coming to an end by looking at the momentum of the bull trend (white line) is slowing down now.... {image}

I don't see that yet. I have at least 3 or more reasons why I took the long. My sl is at b/e+ so no stress. You shorted from higher so free trade too
the cautious seldom err....C
  • #65,092
  • Sep 12, 2013 8:33am Sep 12, 2013 8:33am
Quoting fxtyrant
{quote} I think the AUDUSD is done with the retrace.... expecting AUDUSD to gun for 0.91 soon heres my chart showing why... Williams%R has dropped from the tops.... ADX also suggest the Bull trend is coming to an end by looking at the momentum of the bull trend (white line) is slowing down now.... {image}
Nice chart. Supports what I am seeing. AUD/USD rising from USD weakening (USD/CHF and AUD/CHF shown to gauge strength of respective currencies... very important). I wonder if the "invisible hand" is weakening USD for the bond auction today.

Divergence in USD/CHF. Upside is limited in AUD/CHF. Also, I am quite interested in Fibonacci retracements. Can anyone school me on which ratios are statistically significant? S&P500 futures stalling @ 78.6% (not sure if this ratio is significant). Since AUD/USD is highly correlated with the S&P 500 since the bounce, I have to check this out as well. AUD/USD stalling @ 38.2% (also, not sure if this ratio is significant either).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20130912 USDCHF H1.jpg Size: 267 KB
Click to Enlarge Name: 20130912 AUDCHF M15.jpg Size: 326 KB
Click to Enlarge Name: 20130912 S&P500 H8.jpg Size: 311 KB
Click to Enlarge Name: 20130912 AUDUSD M15.jpg Size: 288 KB
  • #65,093
  • Sep 12, 2013 8:44am Sep 12, 2013 8:44am
Quoting fxtyrant
{quote} I think the AUDUSD is done with the retrace.... expecting AUDUSD to gun for 0.91 soon heres my chart showing why... Williams%R has dropped from the tops.... ADX also suggest the Bull trend is coming to an end by looking at the momentum of the bull trend (white line) is slowing down now.... {image}
I take it when the purple and yellow line cross it's go-time?
  • #65,094
  • Sep 12, 2013 8:46am Sep 12, 2013 8:46am
Quoting andy0323
{quote} Nice chart. Supports what I am seeing. AUD/USD rising from USD weakening (USD/CHF and AUD/CHF shown to gauge strength of respective currencies... very important). I wonder if the "invisible hand" is weakening USD for the bond auction today. Divergence in USD/CHF. Upside is limited in AUD/CHF. Also, I am quite interested in Fibonacci retracements. Can anyone school me on which ratios are statistically significant? S&P500 futures stalling @ 78.6% (not sure if this ratio is significant). Since AUD/USD is highly correlated with the S&P 500...

I would say the 78.6,61.8 and 50 are the important ones. As for the 78.6, most traders use it to trade like shorting with a stop just above. Normally when the 78.6 is penetrated, the trend will resume and move above 100% and a lot of traders will take some profits off at the 127.2 if went long. It is a line like above mean bull and below bearish. I don't even know to tell you without a chart. sorry if you don't understand. Hope fellow traders can help
the cautious seldom err....C
  • #65,095
  • Sep 12, 2013 8:50am Sep 12, 2013 8:50am
Charting is like farting. Stinks when its not your chart... Best to everyone!
  • #65,096
  • Sep 12, 2013 8:52am Sep 12, 2013 8:52am
Quoting pips29
{quote} I would say the 78.6,61.8 and 50 are the important ones. As for the 78.6, most traders use it to trade like shorting with a stop just above. Normally when the 78.6 is penetrated, the trend will resume and move above 100% and a lot of traders will take some profits off at the 127.2 if went long. It is a line like above mean bull and below bearish. I don't even know to tell you without a chart. sorry if you don't understand. Hope fellow traders can help
Understood. Thanks for the tips.

Now, it's just a waiting game.
  • #65,097
  • Sep 12, 2013 8:53am Sep 12, 2013 8:53am
Quoting Pharm0r
{quote} I take it when the purple and yellow line cross it's go-time?
For me... when the Yellow (SMA144) goes above Purple (SMA169) it really is time to be looking for opportunities to short..... and confirmation to short comes in form of divergence, but only when Divergence occurs in Overbought/Oversold zones as shown by Williams%R (200) on the H4 chart.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #65,098
  • Sep 12, 2013 8:55am Sep 12, 2013 8:55am
Attached Image (click to enlarge)
Click to Enlarge Name: usdollar.png Size: 64 KB
fxcm dollar index. tested support, bounced and now testing support again. Think support gonna give and the next one is the shaded area. $ weakness
the cautious seldom err....C
  • #65,099
  • Sep 12, 2013 9:12am Sep 12, 2013 9:12am
Quoting pips29
{quote} I don't see that yet. I have at least 3 or more reasons why I took the long. My sl is at b/e+ so no stress. You shorted from higher so free trade too
The scenario do not support to go long because the price had broken the strong resistance at around 0.93100 but was unable to push further up....
This reason is enough for me to go short this pair.
  • #65,100
  • Sep 12, 2013 9:19am Sep 12, 2013 9:19am
ever so close to take profit on my USDJPY... this has been one heck of a short....
Williams%R still has space for it to fall on the H1 chart.... so i expect ill be taking profit on this trade
Attached Image (click to enlarge)
Click to Enlarge Name: 20130912.1618.gmt.usdjpy.h1.png Size: 38 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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