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AUD/USD

  • #67,661
  • Oct 15, 2013 4:32am Oct 15, 2013 4:32am
Quoting KiwiOz
I would advise all Aud/Usd traders to trade the Eur/Aud at the same time. Have a look at both 4h charts & you will see what I mean.
Agreed about EUR/AUD. I have been watching the development of the H/S pattern which is now almost confirmed with a potential measured target of around 1.32xx
Also the double top has already been confirmed and the measured target for that is 1.38xx
Those who say it cannot be done should not interrupt those who are doing it
  • #67,662
  • Oct 15, 2013 4:32am Oct 15, 2013 4:32am
Quoting PipTrapper
{quote} Getting BULLied {image}
Picture of the month..
HAHAHAHA..
  • #67,663
  • Oct 15, 2013 5:04am Oct 15, 2013 5:04am
AUD/USD Order board...

Sellers 0.9550 ( barrier related. stops above) 0.9570 0.9580 0.9600 0.9650
Buyers 0.9525 0.9500 0.9485 0.9450 0.9435 0.9420 0.9400
Those who say it cannot be done should not interrupt those who are doing it
  • #67,664
  • Oct 15, 2013 5:06am Oct 15, 2013 5:06am
Quoting PipTrapper
{quote} Agreed about EUR/AUD. I have been watching the development of the H/S pattern which is now almost confirmed with a potential measured target of around 1.32xx Also the double top has already been confirmed and the measured target for that is 1.38xx
That would be huge, and also likely mean that AUDUSD goes to...? Dare I say the word?
  • #67,665
  • Oct 15, 2013 5:10am Oct 15, 2013 5:10am
Quoting edindzeko
{quote} That would be huge, and also likely mean that AUDUSD goes to...? Dare I say the word?
My take is that it will mean AUD/USD sideways with a bearish tilt and a meltdown for the Euro.

ADD: ...and a meltdown for the Kiwi as well.
Those who say it cannot be done should not interrupt those who are doing it
  • #67,666
  • Oct 15, 2013 5:15am Oct 15, 2013 5:15am
Quoting PipTrapper
{quote} Me get a margin call? I think you should read my last 1000 posts before making such a comment

i been read your last posts... cannot find, can you explain what was it again?
  • #67,667
  • Oct 15, 2013 5:16am Oct 15, 2013 5:16am
i'm here folks
Attached Image
  • #67,668
  • Oct 15, 2013 5:23am Oct 15, 2013 5:23am
We are seeing some profit taking to start with. May be the market soon will see that these words are anything but hawkish:

Quote
The Australian dollar rose recently, but is still about 10 per cent below its level in April. A lower level of the currency than seen at present would assist in rebalancing growth in the economy.

link

If the bulls can't manage to decisively break the 0.9550 level, a massive sell-off will ensue in the coming days.
  • #67,669
  • Oct 15, 2013 5:27am Oct 15, 2013 5:27am
Quoting PipTrapper
{quote} My take is that it will mean AUD/USD sideways with a bearish tilt and a meltdown for the Euro. ADD: ...and a meltdown for the Kiwi as well.
Maybe. I think there are several possible scenarios. Right now I am short AU but don't know how long I will stay in, at 9400 I will make first decision.

My original thinking was that we do make drop to 9000 then back up to 9700 before the kiss of death down 8000 or wherever, but now im not sure....
  • #67,670
  • Oct 15, 2013 5:31am Oct 15, 2013 5:31am
Time to short!
my tp 1.9431 and sl 1.9610
Money never sleeps I can hear the dollar calling me
  • #67,671
  • Oct 15, 2013 5:31am Oct 15, 2013 5:31am
Quoting edindzeko
{quote} Maybe. I think there are several possible scenarios. Right now I am short AU but don't know how long I will stay in, at 9400 I will make first decision. My original thinking was that we do make drop to 9000 then back up to 9700 before the kiss of death down 8000 or wherever, but now im not sure....
Similarly I thought EURAUD would retrace to 1.4650 and then make a final move down to 1.39, but again things have changed and the giant shampoo pattern may come into play sooner rather than later
  • #67,672
  • Oct 15, 2013 5:38am Oct 15, 2013 5:38am
The point most disturbing is that what will be the effect of a U.S. default?

From one point, USD should fall since it lose its credibility as the world currency but from the other point, a U.S. default will wreak havoc in the financial markets all over the world and the risk appetite should be suppressed and refuge currencies should be bid.

So, what will happen to AUD/USD is beyond my imagination.

We are living in historical moments.... The world No.1 superpower is about to default !
  • #67,673
  • Oct 15, 2013 5:55am Oct 15, 2013 5:55am
Quoting Psychologist
The point most disturbing is that what will be the effect of a U.S. default? From one point, USD should fall since it lose its credibility as the world currency but from the other point, a U.S. default will wreak havoc in the financial markets all over the world and the risk appetite should be suppressed and refuge currencies should be bid. So, what will happen to AUD/USD is beyond my imagination. We are living in historical moments.... The world No.1 superpower is about to default !
No one knows. Because USA default never happened in history. But I assume gold, Jpy, RMB will be safe .
  • #67,674
  • Oct 15, 2013 5:59am Oct 15, 2013 5:59am
retracement off R1 daily

from here up again?
Don't give up
  • #67,675
  • Oct 15, 2013 6:00am Oct 15, 2013 6:00am
Quoting Psychologist
The point most disturbing is that what will be the effect of a U.S. default? From one point, USD should fall since it lose its credibility as the world currency but from the other point, a U.S. default will wreak havoc in the financial markets all over the world and the risk appetite should be suppressed and refuge currencies should be bid. So, what will happen to AUD/USD is beyond my imagination. We are living in historical moments.... The world No.1 superpower is about to default !
Right now we are seeing everyone who already knows the answer to this question getting positioned appropriately. I'm gonna play everything safe here and not get scalped bc I think a lot of retail FX guys are gonna get reamed on this coming move...
  • #67,676
  • Oct 15, 2013 6:13am Oct 15, 2013 6:13am
Quoting Psychologist
The point most disturbing is that what will be the effect of a U.S. default? From one point, USD should fall since it lose its credibility as the world currency but from the other point, a U.S. default will wreak havoc in the financial markets all over the world and the risk appetite should be suppressed and refuge currencies should be bid. So, what will happen to AUD/USD is beyond my imagination. We are living in historical moments.... The world No.1 superpower is about to default !
Why assume that the US is going to default? That is the least likely scenario. By now we should all know that politicians exhibit more drama than bored insecure housewives. This is all political brinkmanship... like spoiled kids protesting because they don't want to go to sleep while it is still daylight outside, only to fall asleep on the sofa before sunset anyway.

There will be no US default... just like there was no Italian government collapse... just like there was no attack against Syria... just like there was no Euro breakup... and the list goes on.

In the end, politicians will do whatever gains them the most votes. Allowing the US to default will be very bad for the Republicans and it will pretty much guarantee a democrats victory in the house in the next round of elections in Dec 2014.
Those who say it cannot be done should not interrupt those who are doing it
  • #67,677
  • Oct 15, 2013 6:14am Oct 15, 2013 6:14am
Quoting edindzeko
{quote} Right now we are seeing everyone who already knows the answer to this question getting positioned appropriately. I'm gonna play everything safe here and not get scalped bc I think a lot of retail FX guys are gonna get reamed on this coming move...

How are you planning to "play it safe?"
  • #67,678
  • Oct 15, 2013 6:17am Oct 15, 2013 6:17am
Quoting PipTrapper
{quote} Why assume that the US is going to default? That is the least likely scenario. By now we should all know that politicians exhibit more drama than bored insecure housewives. This is all political brinkmanship... like spoiled kids protesting because they don't want to go to sleep while it is still daylight outside, only to fall asleep on the sofa before sunset anyway. There will be no US default... just like there was no Italian government collapse... just like there was no attack against Syria... just like there was no Euro breakup... and...
Good Point!!!I hold same opinion on this!
  • #67,679
  • Oct 15, 2013 6:19am Oct 15, 2013 6:19am
Quoting jcedpao
{quote} How are you planning to "play it safe?"
If you really believe the US will default, then keep your exposure very low. Only sell extreme highs. Only buy extreme lows. Or better yet, stay flat till the dust has settled.
Those who say it cannot be done should not interrupt those who are doing it
  • #67,680
  • Oct 15, 2013 6:21am Oct 15, 2013 6:21am
will aud going to 0.92 again ?
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