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AUD/USD

  • #72,041
  • Jan 30, 2014 7:17am Jan 30, 2014 7:17am
Attached Image (click to enlarge)
Click to Enlarge Name: aud1.PNG Size: 19 KB
  • #72,042
  • Jan 30, 2014 7:47am Jan 30, 2014 7:47am
Really surprised to see this pair up this high from last night after data release, don't understand it unless its just a bounce before moving down again.
  • #72,043
  • Jan 30, 2014 8:14am Jan 30, 2014 8:14am
Quoting irongoose
Really surprised to see this pair up this high from last night after data release, don't understand it unless its just a bounce before moving down again.
On cue....
  • #72,044
  • Jan 30, 2014 8:20am Jan 30, 2014 8:20am
I really expect this to continue going down, China is slowing down and that has to start hurting the Aud more in the future.
  • #72,045
  • Jan 30, 2014 8:28am Jan 30, 2014 8:28am
Still short.. 87.90 sl 88.40 Tp 86
  • #72,046
  • Jan 30, 2014 8:54am Jan 30, 2014 8:54am
Quoting irongoose
I really expect this to continue going down, China is slowing down and that has to start hurting the Aud more in the future.
I agree. Friday's Manufacturing PMI out of China will be a big news release to watch.
  • #72,047
  • Jan 30, 2014 8:55am Jan 30, 2014 8:55am
Quoting irongoose
Really surprised to see this pair up this high from last night after data release, don't understand it unless its just a bounce before moving down again.
Most likely is month end flow. But price is still resisted by round number .88 and major resistance .882.
Not forgetting RBA is backing you at .85
The true fact is market doesn't care, risk mgt is important.
  • #72,048
  • Jan 30, 2014 9:08am Jan 30, 2014 9:08am
This pair has risen a bit after news knick-knack and stopped me out twice, but this will not keep me from shorting this down to 0,85. And it is not just what Australia's gouverneur said, but the whole situation in asia markets. Take a look at NZD for example.
Fix up, trade sharp ...
  • #72,049
  • Jan 30, 2014 9:19am Jan 30, 2014 9:19am
Quoting tiagojgg
Still short.. 87.90 sl 88.40 Tp 86
short 880
  • #72,050
  • Jan 30, 2014 9:19am Jan 30, 2014 9:19am
Looking at EURAUD long at this level to get away from USD news for a bit
  • #72,051
  • Jan 30, 2014 9:21am Jan 30, 2014 9:21am
Quoting edindzeko
Looking at EURAUD long at this level to get away from USD news for a bit
Take note that EUR is weak too.
The true fact is market doesn't care, risk mgt is important.
  • #72,052
  • Jan 30, 2014 9:22am Jan 30, 2014 9:22am
Quoting Ssm
{quote} Take note that EUR is weak too.
Today its weak. but has been strong compared to USD. EURUSD still looks bullish to me but im not trading it at the moment. So EA looks better to me than AU.
  • #72,053
  • Jan 30, 2014 9:25am Jan 30, 2014 9:25am
So far the USD Pending Home sales aren't having an effect on the AUD, looking at my chart I'm thinking this movement up is a stop lose and buy order grab before the price moves downs.

Just look at the circled area, the previous high and the fib 61.8 from the last drop point line up almost perfect, no doubt there was a lot of stop losses and buy orders around that level and the price was run up to grab them before going down.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 51 KB
  • #72,054
  • Jan 30, 2014 9:36am Jan 30, 2014 9:36am
Quoting irongoose
So far the USD Pending Home sales aren't having an effect on the AUD, looking at my chart I'm thinking this movement up is a stop lose and buy order grab before the price moves downs. Just look at the circled area, the previous high and the fib 61.8 from the last drop point line up almost perfect, no doubt there was a lot of stop losses and buy orders around that level and the price was run up to grab them before going down. {image}
IMO, no sign of reversal yet until we stay above .8820
The true fact is market doesn't care, risk mgt is important.
  • #72,055
  • Jan 30, 2014 9:39am Jan 30, 2014 9:39am
Quoting Ssm
{quote} IMO, no sign of reversal yet until we stay above .8820
To bad I jumped the gun on shorting last night, I even posted that I thought the area described on my chart, I was going to short from.
  • #72,056
  • Jan 30, 2014 9:43am Jan 30, 2014 9:43am
Quoting irongoose
{quote} To bad I jumped the gun on shorting last night, I even posted that I thought the area described on my chart, I was going to short from.
Keep your shorts then, maybe put a SL above .8820.
The true fact is market doesn't care, risk mgt is important.
  • #72,057
  • Jan 30, 2014 9:44am Jan 30, 2014 9:44am
I don't know why I still keep the MACD on my charts, I pay no attention to it anymore and I haven't tried a MACD crossing trade in probably close to two years.
  • #72,058
  • Jan 30, 2014 9:45am Jan 30, 2014 9:45am
Quoting Ssm
{quote} Keep your shorts then, maybe put a SL above .8820.
I have it all the way up to .8850 and moved it once already today to prevent a stop out.
  • #72,059
  • Jan 30, 2014 9:47am Jan 30, 2014 9:47am
Quoting irongoose
{quote} I have it all the way up to .8850 and moved it once already today to prevent a stop out.

So in the meantime, would you not conceive a Long?
  • #72,060
  • Jan 30, 2014 9:50am Jan 30, 2014 9:50am
Anyone take a glance over at the Eur?

Its getting an ass kicking from the dollar right now, I really felt it was going to go down after all the FOMC statement but the charts weren't giving anything away and I try not to trade using " The Force" anymore.
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