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AUD/USD

  • #72,001
  • Jan 29, 2014 2:06pm Jan 29, 2014 2:06pm
Quoting makati
{quote} I totally agree
Or very low.
Fix up, trade sharp ...
  • #72,002
  • Jan 29, 2014 2:12pm Jan 29, 2014 2:12pm
Quoting TheTopBloke
{quote} IMHO, RBA rate will not change.
Nothing new with the FOMC decision either but the market still reacted on its release. My personal bias is to short it too but not after the RBA decision. Daily downtrend resistance is at .8940-90 levels. It may not reach that high but I am seeing .8920 level as good price to short, 61% of the downtrend from .9085 levels. SL at the break of .9000, Initial TP at .8540 levels, 50% monthly fibo.

If I am expecting a move upward, why not go long now? Too risky as it might push lower anytime. 38% fibo capped the upward for the last 2 days, but today's high is higher than yesterday's - something to consider too.
  • #72,003
  • Jan 29, 2014 2:36pm Jan 29, 2014 2:36pm
Quoting makati
{quote} but today's high is higher than yesterday's - something to consider too.
We have a higher high on the daily price bar but we also now have a lower low with price trading at/near the low. This is now a bearish engulfing pattern with a higher high (trapping longs).
  • #72,004
  • Jan 29, 2014 2:52pm Jan 29, 2014 2:52pm
Quoting JCL's-Forex
{quote} We have a higher high on the daily price bar but we also now have a lower low with price trading at/near the low. This is now a bearish engulfing pattern with a higher high (trapping longs).
agree, if the daily candle closes at the lows. it will be a different story though if it closes at 8770-up levels.
  • #72,005
  • Jan 29, 2014 6:12pm Jan 29, 2014 6:12pm
Quoting MrketSniper
{quote} Because the tread is about to change. I expect Aud to go up in the next month. People are so obsessed with the fact that RBA want 0.85. PS. We may be able to see one more new low before the tread change.
Why fight against the trend and RBA?
The true fact is market doesn't care, risk mgt is important.
  • #72,006
  • Jan 29, 2014 6:36pm Jan 29, 2014 6:36pm
Quoting Ssm
{quote} Why fight against the trend and RBA?
why not? Someone has to lose money.
Trade what you see, not what you think!
  • #72,007
  • Jan 29, 2014 6:37pm Jan 29, 2014 6:37pm
Quoting makati
{quote} Nothing new with the FOMC decision either but the market still reacted on its release. My personal bias is to short it too but not after the RBA decision. Daily downtrend resistance is at .8940-90 levels. It may not reach that high but I am seeing .8920 level as good price to short, 61% of the downtrend from .9085 levels. SL at the break of .9000, Initial TP at .8540 levels, 50% monthly fibo. If I am expecting a move upward, why not go long now? Too risky as it might push lower anytime. 38% fibo capped the upward for the last 2 days, but...
As for where it goes up down, I'm on the fence. But do note that most of the time, the AUD goes up during the week, and then goes right bank down at the end of the week. So strictly based on history, I would not be surprised if AUD ended the week at .8690 area.
  • #72,008
  • Jan 29, 2014 6:41pm Jan 29, 2014 6:41pm
A/U still bearish, and I still short...
Forex as Leverage
  • #72,009
  • Jan 29, 2014 8:49pm Jan 29, 2014 8:49pm
Quoting TheTopBloke
{quote} As for where it goes up down, I'm on the fence. But do note that most of the time, the AUD goes up during the week, and then goes right bank down at the end of the week. So strictly based on history, I would not be surprised if AUD ended the week at .8690 area.
Close..........Aiming for 0.8630 to end the week & month.........
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 39 KB
Money Makes Money
  • #72,010
  • Jan 29, 2014 8:50pm Jan 29, 2014 8:50pm
Quoting Chanlie
A/U still bearish, and I still short...
Money Makes Money
  • #72,011
  • Jan 29, 2014 9:30pm Jan 29, 2014 9:30pm
Only a matter of time before 0.8600. Then 0.8500.
  • #72,012
  • Jan 29, 2014 9:37pm Jan 29, 2014 9:37pm
Just saw the news on the Aud, why isn't there more excitement in here?

Doesn't look good for the Aud and should start going down more.
  • #72,013
  • Jan 29, 2014 9:44pm Jan 29, 2014 9:44pm
Quoting irongoose
Just saw the news on the Aud, why isn't there more excitement in here? Doesn't look good for the Aud and should start going down more.

possibly the masses are see'ing this differently. either that or they are pushing it up to a level for a better entry
  • #72,014
  • Jan 29, 2014 9:50pm Jan 29, 2014 9:50pm
Quoting allisonmagic
{quote} possibly the masses are see'ing this differently. either that or they are pushing it up to a level for a better entry
If I see it go up to .8778 I'm shorting!
  • #72,015
  • Jan 29, 2014 9:53pm Jan 29, 2014 9:53pm
Quoting irongoose
{quote} If I see it go up to .8778 I'm shorting!
Old support.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 46 KB
  • #72,016
  • Jan 29, 2014 10:17pm Jan 29, 2014 10:17pm
Quoting 2+2=4ex
Only a matter of time before 0.8600. Then 0.8500.

  • #72,017
  • Jan 29, 2014 10:54pm Jan 29, 2014 10:54pm
I have no doubt whatsoever that it is heading to 0.9000
  • #72,018
  • Jan 29, 2014 11:42pm Jan 29, 2014 11:42pm
Quoting giveachance
I have no doubt whatsoever that it is heading to 0.9000
...Reason.??
Money Makes Money
  • #72,019
  • Jan 30, 2014 12:19am Jan 30, 2014 12:19am
I have two positions long currently seeing red but I speculatively speculate a jump to touch the .8800 mark and then a major fall to the .8300 and potentially below in the coming weeks / days.

There is still uncertainty out there, and a jittery feeling. So any bad news from Euro / US etc will have people rallying to the AUD again.
Unemployment for the USD is something to watch tonight - if it swings bad then where will people go?

But then I could be 110% b u l l s h i t

for the mathematicians..
http://kottke.org/11/05/how-giving-1...ually-possible
A genius is born every minute, me I am lucky if my socks match.
  • #72,020
  • Jan 30, 2014 12:19am Jan 30, 2014 12:19am
are any of you actually invested short AUDUSD right now ?
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