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AUD/USD

  • #68,521
  • Oct 25, 2013 7:47am Oct 25, 2013 7:47am
Quoting okanemici
{quote} That was where I shorted it Nothing is better than a 300 pip ride but only took 200 This time I need to wait a little more to see if it wants to go down on 4h.

Out my audusd short.Longing gold now. Will enter audusd later.
  • #68,522
  • Oct 25, 2013 7:51am Oct 25, 2013 7:51am
Quoting okanemici
{quote} Out my audusd short.Longing gold now. Will enter audusd later.
Nice play. "Jack be nimble"
Those who say it cannot be done should not interrupt those who are doing it
  • #68,523
  • Oct 25, 2013 7:52am Oct 25, 2013 7:52am
Quoting Greener
{quote} too many retailer buy orders in the dips
agreed. While I do not believe that we have a top in the AUD, I also don't believe that the downward correction is complete yet.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,524
  • Oct 25, 2013 8:07am Oct 25, 2013 8:07am
Quoting PipTrapper
{quote} agreed. While I do not believe that we have a top in the AUD, I also don't believe that the downward correction is complete yet.
The AUD? or EURO
  • #68,525
  • Oct 25, 2013 8:17am Oct 25, 2013 8:17am
short @ 98 TP 10-15pips
  • #68,526
  • Oct 25, 2013 8:36am Oct 25, 2013 8:36am
Quoting flytothesky
{quote} The AUD? or EURO
AUD. I think the top will be 9910, but I think we still have some downside left to complete a mid swing correction.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,527
  • Oct 25, 2013 8:45am Oct 25, 2013 8:45am
Quoting PipTrapper
{quote} Actually you have to look at fundamentals in a slightly unconventional way. The capital flows into risk have less to do with economic data and more to do with the market in search of yield, because US treasuries currently offer absolutely none. So, as long as the market feels that the Fed will keep printing, they will sell USDs for anything that can give them better yield (more likely Emerging markets). However, since the USD is now grossly oversold, we should get a decent correction. Mind you, the Aussie was grossly oversold at 0.9200 and...
Thanks for sharing.
Question: If in search of yield, why euro? Isn't commodity currency has a higher yield? Eg. Aussie and Kiwi?
The true fact is market doesn't care, risk mgt is important.
  • #68,528
  • Oct 25, 2013 9:08am Oct 25, 2013 9:08am
Quoting PipTrapper
{quote} Nice play. \"Jack be nimble\"
Sometimes I manage it 1366
  • #68,529
  • Oct 25, 2013 9:09am Oct 25, 2013 9:09am
Quoting Ssm
{quote} Thanks for sharing. Question: If in search of yield, why euro? Isn't commodity currency has a higher yield? Eg. Aussie and Kiwi?
The bulk of the capital is actually flowing to emerging market currencies like the BRIC nations (Brazil, Russia, India, China) and others. That's where the yield is.

Euro, Cable and the commodity currencies have only appreciated slightly compared to the losses the USD has endured. Just look at the charts.

Regardless. If Euro is stable and USD is falling, then obviously EUR/USD will rise.

However, there has in fact been some flow to the European equity markets, but that is more a result of the good leading indicators in Europe (PMI data etc.) vs the poorer data from the US due to the gov shutdown.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,530
  • Oct 25, 2013 9:58am Oct 25, 2013 9:58am
Okay folks. I'm off to enjoy the weekend. I've seen enough bloodshed in risk assets for a day.

Have a great weekend all.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,531
  • Oct 25, 2013 12:01pm Oct 25, 2013 12:01pm
Quoting PipTrapper
{quote} agreed. While I do not believe that we have a top in the AUD, I also don't believe that the downward correction is complete yet.

problem is sometimes AUD may just go up and up ducking all traders waiting for a dip...I know for a fact because I am one of those. I expect AUD to go well above parity.
  • #68,532
  • Oct 25, 2013 12:50pm Oct 25, 2013 12:50pm
Quoting fxtyrant
wow China bad debt story is gaining momentum....
Many China-linked assets are taking a hit as money-market rates increase. Government is trying to limit credit growth, and traders see this as limiting growth expansion, so AUD is taking it on the chin since their economy almost directly ties into their performance.

Until word of this subsiding, potential more pullback for Aussie. Hovered and than closed below 200 EMA. Momentum weakening, ADX starting to tick down. Maybe 80-100 pips left

Chart of potential pullback sites.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-25-TOS_AUDUSD.png Size: 109 KB
When the facts change I change my mind, what do you do sir
  • #68,533
  • Oct 25, 2013 1:32pm Oct 25, 2013 1:32pm
Quoting Pip Anon
{quote} Many China-linked assets are taking a hit as money-market rates increase. Government is trying to limit credit growth, and traders see this as limiting growth expansion, so AUD is taking it on the chin since their economy almost directly ties into their performance. Until word of this subsiding, potential more pullback for Aussie. Hovered and than closed below 200 EMA. Momentum weakening, ADX starting to tick down. Maybe 80-100 pips left Chart of potential pullback sites. {image}
I think it does make sense. But I can't understand why 0.9570 hold so well since yesterday.
  • #68,534
  • Oct 25, 2013 1:58pm Oct 25, 2013 1:58pm
Quoting Mr.C
Hi guys. Back to AUD/USD. New pending sell @ 0,9727 with SL @ 0,9767 placed. Wish all good luck!

Didn't get the price. Order canceled. Wish all a wonderful and sunny weekend!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #68,535
  • Oct 25, 2013 2:21pm Oct 25, 2013 2:21pm
I thought we would continue the uptrend but now seems like we are headed down. I see we are headed for 9500. Is this going to be a big move down?
  • #68,536
  • Oct 25, 2013 2:23pm Oct 25, 2013 2:23pm
Quoting tony95
I thought we would continue the uptrend but now seems like we are headed down. I see we are headed for 9500. Is this going to be a big move down?
I am targeting 9445 area.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,537
  • Oct 25, 2013 2:35pm Oct 25, 2013 2:35pm
Quoting zew
{quote} I think it does make sense. But I can't understand why 0.9570 hold so well since yesterday.
Long at longer dated charts. On the one I posted, there is support in that area. Granted it is limited. Now look at a chart further back and you'll see further support at those levels.

I suggest finding support and resistance on long-dated charts. It is more reliable, that I can guarantee. It is something I come to realized with new traders is they look at short-term charts too much. Even if you trade a 4H or 1H, look back 90-180 days. It just sets up better
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-25-TOS_CHARTS.png Size: 153 KB
When the facts change I change my mind, what do you do sir
  • #68,538
  • Oct 25, 2013 3:26pm Oct 25, 2013 3:26pm
Quoting Pip Anon
{quote} Long at longer dated charts. On the one I posted, there is support in that area. Granted it is limited. Now look at a chart further back and you'll see further support at those levels. I suggest finding support and resistance on long-dated charts. It is more reliable, that I can guarantee. It is something I come to realized with new traders is they look at short-term charts too much. Even if you trade a 4H or 1H, look back 90-180 days. It just sets up better {image}
Those who say it cannot be done should not interrupt those who are doing it
  • #68,539
  • Oct 25, 2013 3:32pm Oct 25, 2013 3:32pm
Quoting Pip Anon
{quote} Long at longer dated charts. On the one I posted, there is support in that area. Granted it is limited. Now look at a chart further back and you'll see further support at those levels. I suggest finding support and resistance on long-dated charts. It is more reliable, that I can guarantee. It is something I come to realized with new traders is they look at short-term charts too much. Even if you trade a 4H or 1H, look back 90-180 days. It just sets up better {image}
You can pick out s/r on larger time frames and then use smaller time frames to fine tune the level. For example, you might see a level at 9510-20 and then look at a smaller time frame and see that it is more accurately defined at 9514.
  • #68,540
  • Oct 25, 2013 3:35pm Oct 25, 2013 3:35pm
Quoting PipTrapper
{quote}
I been doing it that way for a while. It's how I found Aussie's top and what led to successful calls since. It's not generally something one would think of doing, I guess. But it makes a world of difference
When the facts change I change my mind, what do you do sir
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