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AUD/USD

  • #71,301
  • Jan 8, 2014 6:52pm Jan 8, 2014 6:52pm
I hope today AUD/USD bullish after resistance. Any suggest for short or middle term trade ?

thanks
  • #71,302
  • Jan 8, 2014 6:52pm Jan 8, 2014 6:52pm
Quoting lamp
Some large orders at this level {image}

yes there was activity - now we just wait for China news -

Faller.
I don't trust any move - when you have profit...take it.
  • #71,303
  • Jan 8, 2014 6:54pm Jan 8, 2014 6:54pm
Weak sell stops were tripped on AUDUSD at 0.8890

EURAUD – Offers at 1.5300 with buy stops above at 1.5315

Chinese inflation data out in 35mins.. I'll post it up in here once it hits the wires.
  • #71,304
  • Jan 8, 2014 6:55pm Jan 8, 2014 6:55pm
right before aussie data

i know it ain't much, but i'm adding to them

not making $1000s a day like some of you guys.. but hey ill be there one day

rode it down from 50 this morn, was a nice ride with lots of chop from FOMC which i scalped too

over 100 pips today
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #71,305
  • Jan 8, 2014 7:03pm Jan 8, 2014 7:03pm
Quoting Rag2RichesFX
right before aussie data i know it ain't much, but i'm adding to them not making $1000s a day like some of you guys.. but hey ill be there one day rode it down from 50 this morn, was a nice ride with lots of chop from FOMC which i scalped too over 100 pips today {image}
1000's that's nothing.. ol' Warren Buffet made 37 million a day or so last year.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #71,306
  • Jan 8, 2014 7:08pm Jan 8, 2014 7:08pm
Quoting england33
{quote} 1000's that's nothing.. ol' Warren Buffet made 37 million a day or so last year.
lol i wonder what the largest retail/personal trader has made (only managing own net worth)

hedge funds its much diff
Be hopeful in a winning position, and fearful in a losing position.
  • #71,307
  • Jan 8, 2014 7:12pm Jan 8, 2014 7:12pm
Quoting Rag2RichesFX
right before aussie data i know it ain't much, but i'm adding to them not making $1000s a day like some of you guys.. but hey ill be there one day rode it down from 50 this morn, was a nice ride with lots of chop from FOMC which i scalped too over 100 pips today {image}
The pair has been ranging inside a downward channel, so hopefully this rally will be a small short lived one.

I'm risking all my profits form earlier today on shorting this pair again, I'm in at .8898
  • #71,308
  • Jan 8, 2014 7:29pm Jan 8, 2014 7:29pm
Quoting irongoose
{quote} The pair has been ranging inside a downward channel, so hopefully this rally will be a small short lived one. I'm risking all my profits form earlier today on shorting this pair again, I'm in at .8898

you have the 4 hour candle showing a strong reversal

the daily is now well into the green

but you do have the weekly candle on your side.. i was expecting 87xx

but i dont think it will be until next week

im also in audnzd long on a 4 hour correction, would be nice if it turns into a weekly correction
Be hopeful in a winning position, and fearful in a losing position.
  • #71,309
  • Jan 8, 2014 7:35pm Jan 8, 2014 7:35pm
Chinese CPI y/y in at 2.5 vs forecast of 2.7.. m/m in at 0.30 vs 0.40 forecast

Slight inflation misses out of China, Aud/Usd down on this news.
  • #71,310
  • Jan 8, 2014 7:39pm Jan 8, 2014 7:39pm
Quoting EmeraldEyes
AUD - November building approvals in at -1.5% vs forecast of -1.0%. AUD - Retail Sales for the month of November in at 0.7% vs 0.5% forecasted. Building approvals down, actually good for Australia as the RBA does not want to fuel the housing bubble. Growth is up in retail sales showing that the local economy is strengthening and still feeling the effects of the RBA's last round of rate cuts.
Disagree with your assessment and economic theory regarding the Building Approvals data .
A higher number would potentially increase supply in the housing stock (thus dampening demand a little) and supports jobs in the construction industry and
further down the track enhances retail sales with household purchases of furniture & whitegoods .
  • #71,311
  • Jan 8, 2014 7:41pm Jan 8, 2014 7:41pm
Quoting Rag2RichesFX
{quote} lol i wonder what the largest retail/personal trader has made (only managing own net worth) hedge funds its much diff
got to be what's his face.. George Soros
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #71,312
  • Jan 8, 2014 7:52pm Jan 8, 2014 7:52pm
Can anyone see a reason for this pair to move up to 89**** ?

I think I'll keep my short and ride it out.
  • #71,313
  • Jan 8, 2014 7:56pm Jan 8, 2014 7:56pm
Quoting Balmain Boy
{quote} Disagree with your assessment and economic theory regarding the Building Approvals data . A higher number would potentially increase supply in the housing stock (thus dampening demand a little) and supports jobs in the construction industry and further down the track enhances retail sales with household purchases of furniture & whitegoods .
I dont disagree.. the RBA is in a tough spot right now. They need to lower rates to fuel an economy but not make $$ too cheap to loan for new housing. Aud's all-time low interest rates are creating housing demand which Builders go off of. Private sector housing is still on a tear and higher isn't necessarily good for them right now if housing prices continue to rise with private dwelling Building Approvals. IMO. Here's more detailed stats:http://www.abs.gov.au/AUSSTATS
  • #71,314
  • Jan 8, 2014 7:57pm Jan 8, 2014 7:57pm
AUDUSD – Large options at 0.8900 lvl set to expire today.. with related hedgers buying below & selling above to keep price close to 0.8900.
  • #71,315
  • Jan 8, 2014 8:30pm Jan 8, 2014 8:30pm
Anyone shorting this right now and if so what are you targeting?
  • #71,316
  • Jan 8, 2014 8:39pm Jan 8, 2014 8:39pm
I'm short and with the Aussie news mixed and the China news bad I'm aiming for half of the descending channel the pair has been in, which is about a 100 pips at .8810.
  • #71,317
  • Jan 8, 2014 8:51pm Jan 8, 2014 8:51pm
EUR/AUD struggling at a descending trendline in the 4 hour plus 1 hour negative divergence the question is will it be AUD strength that brings it down or EUR weakness
  • #71,318
  • Jan 8, 2014 8:54pm Jan 8, 2014 8:54pm
If $GBPAUD holds 1.8500, completes this H&S and makes a run on the 1.8225 neckline,
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  • #71,319
  • Jan 8, 2014 9:14pm Jan 8, 2014 9:14pm
Quoting Rag2RichesFX
Just thought I'd drop by and let you all know the carry trade will revive between 87xx and 85xx Probably 85xx. get those pips baby (I got long 8900 in September..posted in this thread.. I kinda know what I'm doing here,)
Given your statement that you got long at 8900 in Sept I was curious and looked at some of your posts in this thread, below being an edited sample.

8/9/13

Quoting Rag2RichesFX
{quote} No large shorts will happen until at LEAST October, my thinking is probably more like November at the earliest though. We might even have to wait until 2014 for this to finish correcting/consolidating.. and then maybe can go to 8500 or 8300 or 8100 (will be easy to tell if fundas confirm techs --- RBA is very transparent)


8/9/13 post 64340
but yes if a sustained break of 9350..
target is 9500
then 9650
then probably time for a massive sell

1/7/13 post 59879
im scaling in longs...
9120..
9055..

with the heavy long coming around 8800

That you were within 50 pips of the 5th Aug bottom and within 100 pips of the 23rd Oct high and had the timing of "no large shorts until at least Oct" correct shows that you know what you are doing. My question is when you have that level of accuracy why do you need to start scaling in positions at 9120 and 9055? ie why not wait until at least 9000?

Would also like to know more about what methods you use to make your predictions? (if of course you are willing to share). Well done and happy trading!
Hope for the best, prepare for the worst.
  • #71,320
  • Jan 8, 2014 9:34pm Jan 8, 2014 9:34pm
AUDUSD – Take-Profit bids coming up at 0.8850, more bids at 0.8840 to help support. Sell stops at 0.8820 could take pair to 0.8800
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