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AUD/USD

  • #68,421
  • Oct 23, 2013 10:54am Oct 23, 2013 10:54am
96.06 has held, but that daily candle looks nasty...
  • #68,422
  • Oct 23, 2013 11:40am Oct 23, 2013 11:40am
Quoting BobGnarly
Whats up guys, I am still long my audnzd position and I feel very good about it. My tp is 1.2030 with a stop at 1.1122. Trades based off of weekly/monthly charts. The negative tone out of NZ just a moment ago and hopefully a hawkish RBA minutes could push it up thru 1.1460 are tonight/tomorrow. I missed the dip earlier today since I dont trade any holidays and I was out meeting a few people, kicking myself for that! Aud/usd broke major.95 which is always nice to see

Really happy with this trade and hope a few of you guys joined in

We broke a major weekly trendline and will close above it. SL is at BE and letting her ride for the long haul
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdj.png Size: 79 KB
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  • #68,423
  • Oct 23, 2013 11:42am Oct 23, 2013 11:42am
Quoting BobGnarly
{quote} Really happy with this trade and hope a few of you guys joined in We broke a major weekly trendline and will close above it. SL is at BE and letting her ride for the long haul {image}

Also if anyone thinks about getting in on this trade just beware of NZD trade balance tonight,Would hate to see someone follow this and have it tank tonight, wait until after the release for a good short term direction signal.
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  • #68,424
  • Oct 23, 2013 2:01pm Oct 23, 2013 2:01pm
Yes, concede that the daily candle is very bearish but not satisfied with the close. Could do anything from here really. I'm favouring long with SL just below 96
4H shows some support below
Attached Image (click to enlarge)
Click to Enlarge Name: AUD8.jpg Size: 516 KB
  • #68,425
  • Oct 23, 2013 2:03pm Oct 23, 2013 2:03pm
China PMI will resolve it in about five hours...
  • #68,426
  • Oct 23, 2013 2:48pm Oct 23, 2013 2:48pm
Quoting BobGnarly
{quote} Really happy with this trade and hope a few of you guys joined in We broke a major weekly trendline and will close above it. SL is at BE and letting her ride for the long haul {image}
Yep. Still holding multiple positions long... all set to BE in case the world turns upside down. I am also targeting 1.19/1.20 area but will start trailing once we get above 1.15

Attached Image (click to enlarge)
Click to Enlarge Name: audnzdh4.png Size: 229 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #68,427
  • Oct 23, 2013 2:52pm Oct 23, 2013 2:52pm
Quoting PipTrapper
{quote} Yep. Still holding multiple positions long... all set to BE in case the world turns upside down. I am also targeting 1.19/1.20 area but will start trailing once we get above 1.15 {image}

Hmm NZD Trade Balance could cause a bit of a stir
  • #68,428
  • Oct 23, 2013 2:52pm Oct 23, 2013 2:52pm
Quoting PipTrapper
{quote} Yep. Still holding multiple positions long... all set to BE in case the world turns upside down. I am also targeting 1.19/1.20 area but will start trailing once we get above 1.15 {image}

I'm thinking of loading up on more longs here after the better than expected NZD trade balance, I will wait and see how the china PMI comes in.
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  • #68,429
  • Oct 23, 2013 2:53pm Oct 23, 2013 2:53pm
Longer time-frame... volumes / ticket numbers as measured by a certain German bank show a marked drop off in the last couple of months. Volatility down, volume down etc, especially in Kiwi, Aussie and Euro all against the US$. (volume in EUR and crosses at a two year low and implied vols mirror a similar drop). I just post this as an interesting observation and note that volatility is cyclical in nature...and it will return...
Attached Image (click to enlarge)
Click to Enlarge Name: TicketVol.PNG Size: 130 KB
  • #68,430
  • Oct 23, 2013 2:58pm Oct 23, 2013 2:58pm
Quoting BobGnarly
{quote} I'm thinking of loading up on more longs here after the better than expected NZD trade balance, I will wait and see how the china PMI comes in.
Not really a good report. The revision of previous data casts a shadow on the credibility of the current number.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,431
  • Oct 23, 2013 3:27pm Oct 23, 2013 3:27pm
Quoting PipTrapper
{quote} Not really a good report. The revision of previous data casts a shadow on the credibility of the current number.

Yea I saw the revisions after I posted that, still going to wait to see what china has in store for us. Went to bed +100 in GJ and woke up to be stopped at BE, I couldnt belive it... Its tough for me being a longer term trader, otherwise I would of taken my 100 pips and been done. But I dont mind breaken even 9/10 as long as that 1/10 is 5-600 pips
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  • #68,432
  • Oct 23, 2013 3:29pm Oct 23, 2013 3:29pm
Quoting BobGnarly
{quote} Yea I saw the revisions after I posted that, still going to wait to see what china has in store for us. Went to bed +100 in GJ and woke up to be stopped at BE, I couldnt belive it... Its tough for me being a longer term trader, otherwise I would of taken my 100 pips and been done. But I dont mind breaken even 9/10 as long as that 1/10 is 5-600 pips
I echo that sentiment.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,433
  • Oct 23, 2013 3:54pm Oct 23, 2013 3:54pm
Quoting BobGnarly
{quote} I'm thinking of loading up on more longs here after the better than expected NZD trade balance, I will wait and see how the china PMI comes in.
Chart telling it may not the right time to long. My projection....


Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZ.png Size: 42 KB
Never test the depth of water with both feet.
  • #68,434
  • Oct 23, 2013 5:10pm Oct 23, 2013 5:10pm
AUD would retest 0.9750 again? It has a strong support at 0.9610. It look like it will jump and retest that high after china pmi
  • #68,435
  • Oct 23, 2013 5:13pm Oct 23, 2013 5:13pm
Quoting fxlover11
{quote} Chart telling it may not the right time to long. My projection.... {image}

Your chart is telling you to buy at cloud support, not breaking thru it as you show..

If this trend has reversed I dont think you will be seeing sup 1.14 anytime soon
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  • #68,436
  • Oct 23, 2013 5:14pm Oct 23, 2013 5:14pm
Quoting PipTrapper
{quote} I echo that sentiment.

Great minds think alike
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  • #68,437
  • Oct 23, 2013 6:15pm Oct 23, 2013 6:15pm
Quoting Mr.C
Hi guys. Back to AUD/USD. New pending sell @ 0,9727 with SL @ 0,9767 placed. Wish all good luck!

im with u men ,my sl bit higher; audusd W1
Attached Image (click to enlarge)
Click to Enlarge Name: audusdweekly 23 1013.png Size: 32 KB
  • #68,438
  • Oct 23, 2013 6:32pm Oct 23, 2013 6:32pm
looking for sh audusd
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily 23 10 13.PNG Size: 26 KB
  • #68,439
  • Oct 23, 2013 7:03pm Oct 23, 2013 7:03pm
Ozzie n Kiwi. Just retracements back to the Daily Pivot. You may not get much more than that.
Money Makes Money
  • #68,440
  • Oct 23, 2013 7:12pm Oct 23, 2013 7:12pm
Quoting BobGnarly
{quote} Your chart is telling you to buy at cloud support, not breaking thru it as you show.. If this trend has reversed I dont think you will be seeing sup 1.14 anytime soon
May be you are right. But AUD is in correction mode. So I expect it will go up again after having at least 50% correction of wave A in wave B (AUDNZ).
Never test the depth of water with both feet.
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