AUD/USD

I'm so sick of trading this.... Going back the eur/jpy where i can actually make pips...

news with high priority in AUDUSD instrument are driven me crazy !!!

I wait for these news, but the high volatility makes me to lose money

are you guys dealing with the news and if so are you using some script or method to make money with this high volatility +50 pips in less than one second ...

thanks guys for your help.

carlos.

Whackdiddy, do you think that in term of news released and news coming soon , these pair still have target to go down? I'm planning to hold my short but if price keep rally up, maybe above 0.9015, will likely change the game .. So, i just wishing uppon a star now. **stargazing** ^^V

Hi Caguilar, Usually for me, 125 pips is the day movement limit that I have to be prepared if chaos come in my trade. .. but, second, it depend also on top and bottom, or support , ressistant line.. Always watch your daily and 4h TF to decide whther the pips movement is crazy or not. Wish you more luck and don't gave up trading .

I can't share the secret sauce mate

Seriously, I just read the charts as best I can. Sometimes it works, sometimes it doesn't.

data spikes been popping and dropping this thing once a day for the past week. pretty damned annoying. no trends in fx at the moment...

Just closed my short with green. . My 'feeling'said I have to closed my green grass for now .I think, I will choose to watch where the AUd movement will be .. but in linger TF, I think it will go down. Let's see where the price will take us. .

The RBA keep 'mentioning' that they would like to see the AUD much lower, but never back up the talk with anything that could shake the market.

I suspect that even if the AUD went back to parity with the USD, the RBA probably wouldn't do much to reverse the trend.

What's everyone's thoughts?

Sadly I am at work (yeah I love my work and might go full time trading one day but not yet) so I dont have my charts, only ichimoku on the phone. But did a fair amount of technical and fundamental yesterday and the weekly / monthly still say bearish. The news items come in and raise the red flag to the bulls but longer term AUD is going down, unless a major upset to the global economy occurs. This could be in the form of the following

1. Russia, US and Ukraine situation flairs up again - sending people rallying for gold and a safe haven
2. US suddenly announcing bad data - Obama asking for 3.1 Trillion, government shut-down potential again.
3. China and Japan going head to head over an island the size of a pea - although this could see a major boost to the AUD through metal consumption
4. North Korea - enough said
5. Zombie attack on the kremlin

On my Daily the Kijun is sitting at the 0.88736 level so AUD will try to get back to this level (LONG TERM - being weeks), I have my longer term shorts set far below that at the 0.837.. mark

Suncorp Bank is putting everything in the cloud, so should be announcing IT layoffs in the coming months.
One of our large banks will be announcing a significant amount of lay offs in the coming months.
Toyota, Ford and Holden impact has not been seen yet. The ripple effect will be staggering to Victoria with all the small part supply chains starving.

Adelaide is almost in recession, QLD is being propped up by the mining boom. But the mining boom in WA is failing as fast as the QLD mining boom is building. So we are simply seeing swarms of people moving from WA to QLD.

Housing bubble - enough said on that one..
Actually no, we have seen an increase in housing prices for the past 14 years. On record every 7 years we normally see a correction in realestate pricing, could we see the same as the US where housing prices go back 9 years, maybe not as the GFC also impacted here. But we will see a significant drop and that will put pressure on the banks and those heavily invested in realestate.

Okay so that is the bad side to the economy..

On the good side..
Australia and its people are very resilient and are far enough away from the rest of the world that we can survive independently if the worst of the worst hits. Will we be seen as a safe haven for currency, I don't think so as we have no new innovations in industry (think Model T Ford impact). We have the mining sector and that is about all we have at present propping the AUD up. So if we do see a major drop in the AUD, it will come back as our minerals / metals are not going anywhere, so if the large mining companies pull out due to labour costs we will see them come back when the AUD drops.

This is all just my view, put your beer goggles filter on and you bull shit filter on. I do not expect everybody or anybody to agree with me but this is the way I see it as at 5/03/2014..

BTW, my percent return is getting hit big time because of my long term trades sitting in the red.

Yeah sorry to hear. I know trading around news is really bad. So usually I just avoid it by closing the position before the news hit (and I still do around REALLY BIG news like NFP numbers, central bank meeting minutes and rate statements, for AU, the high priority CNY numbers) unless I really have a hunch of what that number is going to be and the news is not very big.

That's all I can say. I would still avoid the news time if I were you. It's just not worth it. I mean if you are lucky, you get to make some pips which might be quickly reversed anyway if it's just a one-shot deal and if the number that came out worked against you then your whole position might be gone.

until it breaks convincingly 0.9000 this remains bearish despite news and data. Let's see. However if economy picks up RBA must change its stance for a lower price level ....which doesn't make much sense inmho.

That move was pretty interesting. But what made you short with the data being so much better. Gut feeling or the resistance level ?
Good luck with the trades.

Noooo, why closed so early.. More pips to come, I am still holding but I am also a greedy bugger

Whackdiddy , that's the most detail and very explained about on-goung news for AUd.

Thank you for share with us herereally appreciate it.
Have a good day, and I'm sure your pips will back soon bro .

Bulls are out of puff already.

That was a wicked drop

yeah what was that about? Chinese peoples congress? looked like an algo reaction to a headline

I slid down that pole like Batman...

I was all over it like glitter on a stripper.

Oh come on.. ^ that was funny ... glitter... stripper..
Tough crowd.

That is the slide that this pair deserves, but not the one it needs right now. Happy glittering. Hope it lasts till you want it to.