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AUD/USD

  • #71,321
  • Jan 8, 2014 10:09pm Jan 8, 2014 10:09pm
Quoting EmeraldEyes
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
Sell stops at .8820 could take pair to .88 doesn't make sense. Should that be buys stops?
Hope for the best, prepare for the worst.
  • #71,322
  • Jan 8, 2014 10:17pm Jan 8, 2014 10:17pm
Quoting dab
{quote} Sell stops at .8820 could take pair to .88 doesn't make sense. Should that be buys stops?
Oh, no its correct. You're thinking "Buyer's stops" which is right. Any buyers, or longs, will use a sell-stop order to exit an unfavorable position.

I'm thinking in addition to previous longs, those buyers with bids at 8850 are placing their sell stops under 8820. If a level of sell stops are hit at once (demand for liquidity), without bids (supplied liquidity) to hold price, it'll fall until it finds buyers. The next level being buyers down at the round number 8800.
  • #71,323
  • Jan 8, 2014 10:53pm Jan 8, 2014 10:53pm
Actually..I don't know am i drew the line well..
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 60 KB
  • #71,324
  • Jan 8, 2014 10:57pm Jan 8, 2014 10:57pm
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,)
Thanks for the heads up, Rag2Riches!! So does that mean you think that will be the absolute bottom? Makes sense given that's what the RBA wants. Two questions, how long do you think we should hold a long position once it gets there and also what currency pair do you recommend. Is AUDJPY still the go?

Thanks a lot!
  • #71,325
  • Jan 8, 2014 11:36pm Jan 8, 2014 11:36pm
Place a horizontal line at 0.8913
  • #71,326
  • Jan 9, 2014 12:07am Jan 9, 2014 12:07am
Quoting EmeraldEyes
EURAUD – Offers at 1.5300 with buy stops above at 1.5315
E/A stops ran. Highs of 1.5325
  • #71,327
  • Jan 9, 2014 12:56am Jan 9, 2014 12:56am
Quoting EmeraldEyes
{quote} E/A stops ran. Highs of 1.5325
do you mean stop hunt?
  • #71,328
  • Jan 9, 2014 1:06am Jan 9, 2014 1:06am
Weaker Chinese CPI can continue denting AUD while Euro is expected to remain strong ahead of ECB meeting today. Hourly chart signals 1.5365, breaking which 1.5400 can become next resistance to watch. Although a dip below 1.5280 can lead EURAUD towards 1.5200 support.
  • #71,329
  • Jan 9, 2014 1:12am Jan 9, 2014 1:12am
Quoting trexy123
{quote} do you mean stop hunt?
I know the stops were executed helping run up price and chew up any offers on the way. Not sure who hunted them, but could have been a 'hunt' to liquidate their longs in to..
  • #71,330
  • Jan 9, 2014 2:31am Jan 9, 2014 2:31am
http://www.mql5.com/en/charts/127227...apital-markets


I hope that the audusd going to go up now
  • #71,331
  • Jan 9, 2014 7:04am Jan 9, 2014 7:04am
is aud/usd 4h trend turning ?
weekly is at low
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdweekly.png Size: 33 KB
Click to Enlarge Name: audusdh4.png Size: 31 KB
  • #71,332
  • Jan 9, 2014 8:40am Jan 9, 2014 8:40am
Quoting wannabtrader
is aud/usd 4h trend turning ? weekly is at low {image} {image}
I'm looking at the down trend continuing and have shorted this pair to .8810.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 57 KB
  • #71,333
  • Jan 9, 2014 9:27am Jan 9, 2014 9:27am
Quoting irongoose
{quote} I'm looking at the down trend continuing and have shorted this pair to .8810. {image}

ok gl
will have to wait and see what it does.
  • #71,334
  • Jan 9, 2014 9:42am Jan 9, 2014 9:42am
http://news.yahoo.com/china-invest-1...--finance.html

Somebody is building railways again.
The true fact is market doesn't care, risk mgt is important.
  • #71,335
  • Jan 9, 2014 9:55am Jan 9, 2014 9:55am
Quoting wannabtrader
{quote} ok gl will have to wait and see what it does.
The Aussie hasn't posted any good numbers in the last week other then Retail Sales, and China their biggest trading partner isn't doing well so far this year.

The US on the other hand is all positive so if you can find a reason at this point for the Aud/Usd to go up other then a short scalp trade let me know because I'm short this pair.
  • #71,336
  • Jan 9, 2014 9:58am Jan 9, 2014 9:58am
Quoting Ssm
http://news.yahoo.com/china-invest-1...--finance.html Somebody is building railways again.
I wonder if they are planning to run them to the cities that no one lives in?
  • #71,337
  • Jan 9, 2014 10:01am Jan 9, 2014 10:01am
I am short too. Why would you trade this against the major trend?
Fix up, trade sharp ...
  • #71,338
  • Jan 9, 2014 10:03am Jan 9, 2014 10:03am
Quoting irongoose
{quote} The Aussie hasn't posted any good numbers in the last week other then Retail Sales, and China their biggest trading partner isn't doing well so far this year. The US on the other hand is all positive so if you can find a reason at this point for the Aud/Usd to go up other then a short scalp trade let me know because I'm short this pair.

well the reason i said maybe the h4 downtrend is turning is because of the higher highs and higher lows.
a possible sign of the trend turning and also the fact that the weekly is at a previous low which is where price might move up.
entering for a small risk for a possible big move up .
but fundamentally maybe there is no reason for it to go up, i don't know.
  • #71,339
  • Jan 9, 2014 10:10am Jan 9, 2014 10:10am
Quoting wannabtrader
{quote} well the reason i said maybe the h4 downtrend is turning is because of the higher highs and higher lows. a possible sign of the trend turning and also the fact that the weekly is at a previous low which is where price might move up. entering for a small risk for a possible big move up . but fundamentally maybe there is no reason for it to go up, i don't know.
Fundamentals are what I'm banking on, but I've seen what you are saying and you make a valid point.
  • #71,340
  • Jan 9, 2014 10:24am Jan 9, 2014 10:24am
We get the HIA New Home Sales and China trade balance tonight, China's trade balance is forecasted to be a little lower this time around and that will fuel farther speculation of a lower Aussie not to mention a lower number in new home sales.
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