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AUD/USD

  • #69,461
  • Nov 11, 2013 7:02pm Nov 11, 2013 7:02pm
Quoting Crazy-Trader
{quote} Not at all... I find it hard to reverse a trade.
With you on that. But I have been caught too many times to ignore the signs when I see them. That doesn't mean I'm right, but it pays to be cautious.
Money Makes Money
  • #69,462
  • Nov 11, 2013 7:16pm Nov 11, 2013 7:16pm
I've been trying to post this for almost the last half hour, but couldn't due to a bad internet connection. I was going to upload a screenshot as well, but unfortunately can't get that to work either

I would like to know what caused this steep drop? Was it news or was it technical? I am going to guess technical.
Please check out my blog at https://from-zero-to-hero . net
  • #69,463
  • Nov 11, 2013 7:18pm Nov 11, 2013 7:18pm
Quoting smash1820
I've been trying to post this for almost the last half hour, but couldn't due to a bad internet connection. I was going to upload a screenshot as well, but unfortunately can't get that to work either I would like to know what caused this steep drop? Was it news or was it technical? I am going to guess technical.
Unfinished business. A bit of both.
Money Makes Money
  • #69,464
  • Nov 11, 2013 7:18pm Nov 11, 2013 7:18pm
Quoting smash1820
I've been trying to post this for almost the last half hour, but couldn't due to a bad internet connection. I was going to upload a screenshot as well, but unfortunately can't get that to work either I would like to know what caused this steep drop? Was it news or was it technical? I am going to guess technical.

NAB Business Confidence was lower than expected supposed to be a red type of news for AUD
Nothing is True Everything is Permitted
  • #69,465
  • Nov 11, 2013 7:22pm Nov 11, 2013 7:22pm
but i agree with kiwioz unfinished business i may say technically we should reach 9310 kinda hanging on the middle since friday
Nothing is True Everything is Permitted
  • #69,466
  • Nov 11, 2013 7:39pm Nov 11, 2013 7:39pm
Well after the latest on the Taper Caper:http://blogs.wsj.com/economics/2013/...understanding/ along with the USD non-farm last week, NAB bus confidence today(during Dufas Abbott's Parliament confirmation), I have reversed my longs and will go short in the mid-term(until the Yellen show later this week). Oh yes, in regard to the charts, that crossover of the 50EMA below the 200EMA on the 4 hour chart is quite convincing. What do think Pimp Trapper? Anyone want to weigh in here?
  • #69,467
  • Nov 11, 2013 7:45pm Nov 11, 2013 7:45pm
'Ms. Yellen didn’t offer a specific timeline for when the Fed would start slowing the pace of its bond-buying as some of other Fed officials have in recent days. She merely said that it will be appropriate for the Fed to end the programs “at some point” and then later “begin the process of withdrawing the significant accommodation” the Fed has provided.'

Can you say, DUH?!

Why don't you try saying something useful, Ms. Yellen?
Please check out my blog at https://from-zero-to-hero . net
  • #69,468
  • Nov 11, 2013 8:00pm Nov 11, 2013 8:00pm
Quoting smash1820
'Ms. Yellen didn’t offer a specific timeline for when the Fed would start slowing the pace of its bond-buying as some of other Fed officials have in recent days. She merely said that it will be appropriate for the Fed to end the programs “at some point” and then later “begin the process of withdrawing the significant accommodation” the Fed has provided.' Can you say, DUH?! Why don't you try saying something useful, Ms. Yellen?

Fedspeak is a two side of your mouth game for sure... Bottom line is the market perception has moved up the timeline, not to mention some unfavorable AUD data. Charts clearly show this. My question is why go long the rest of the week?
  • #69,469
  • Nov 11, 2013 8:13pm Nov 11, 2013 8:13pm
Quoting Cazadores
Fedspeak is a two side of your mouth game for sure... Bottom line is the market perception has moved up the timeline, not to mention some unfavorable AUD data. Charts clearly show this. My question is why go long the rest of the week?
Dang, you are right.
Please check out my blog at https://from-zero-to-hero . net
  • #69,470
  • Nov 11, 2013 8:23pm Nov 11, 2013 8:23pm
Buggar it. I missed the extreme target at 0.9311. No guarantee it will get there of course. Eur/Aud has topped out. Being held in check by the falling Euro.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 40 KB
Money Makes Money
  • #69,471
  • Nov 11, 2013 8:24pm Nov 11, 2013 8:24pm
Quoting Ck87
Think we're going back to 90 over the next few months. Might head back to 96-97 first, but I'm doubting that.

AU is in trouble.

EU and GU look bad too.
  • #69,472
  • Nov 11, 2013 8:30pm Nov 11, 2013 8:30pm
Quoting KiwiOz
Buggar it. I missed the extreme target at 0.9311. No guarantee it will get there of course. Eur/Aud has topped out. Being held in check by the falling Euro. {image}
very likely it will get there
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #69,473
  • Nov 11, 2013 8:37pm Nov 11, 2013 8:37pm
Quoting KiwiOz
Buggar it. I missed the extreme target at 0.9311. No guarantee it will get there of course. Eur/Aud has topped out. Being held in check by the falling Euro. {image}

~0.9325 look like a support bounce zone.. Euro decrease the speed to rise.. now is likely reverse..
  • #69,474
  • Nov 11, 2013 8:52pm Nov 11, 2013 8:52pm
Quoting KiwiOz
Buggar it. I missed the extreme target at 0.9311. No guarantee it will get there of course. Eur/Aud has topped out. Being held in check by the falling Euro. {image}
It appear that Eur is weak, but seems that Aud is weaker, therefore appearing that EurAud is bullish.
Not sure if shorting at this level is a good suggestion.

Of course I am still holding my leftover shorts from 1.4440, hopefully to TP below 1.4 level.
The true fact is market doesn't care, risk mgt is important.
  • #69,475
  • Nov 11, 2013 9:14pm Nov 11, 2013 9:14pm
Quoting ffleo
{quote} very likely it will get there

will go to 9280 or 9250. lol
  • #69,476
  • Nov 11, 2013 9:18pm Nov 11, 2013 9:18pm
Quoting giveachance
{quote} will go to 9280 or 9250. lol
not in a straight way. it likely will bounce at 9300. I took partial already at 9330, keep the rest to 9250/40. will load back on bounces. i have been shorting this thing for weeks.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #69,477
  • Nov 11, 2013 9:38pm Nov 11, 2013 9:38pm
Quoting ffleo
{quote} not in a straight way. it likely will bounce at 9300. I took partial already at 9330, keep the rest to 9250/40. will load back on bounces. i have been shorting this thing for weeks.

not necessary. will go in european session also.
  • #69,478
  • Nov 11, 2013 9:41pm Nov 11, 2013 9:41pm
Quoting giveachance
{quote} not necessary. will go in european session also.
i will leave my trades open (close for profit at 9250) while i sleep. that is going to be 120+ pips drop, a little tough IMO.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #69,479
  • Nov 11, 2013 9:42pm Nov 11, 2013 9:42pm
Quoting ffleo
{quote} i will leave my trades open (close for profit at 9250) while i sleep.

I am still waiting for you to take out my gold short at 1275. don't sleep please otherwise I will not lose million dollars today.
  • #69,480
  • Nov 11, 2013 9:44pm Nov 11, 2013 9:44pm
Quoting giveachance
{quote} I am still waiting for you to take out my gold short at 1275. don't sleep please otherwise I will not lose million dollars today.
i think gold is going to drop more.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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