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AUD/USD

  • #74,421
  • Mar 13, 2014 11:23am Mar 13, 2014 11:23am
Quoting Neqrotik
Still holding my short
Likewise.
I have no clue what I'm talking about.
  • #74,422
  • Mar 13, 2014 11:26am Mar 13, 2014 11:26am
Now it is Aussie's turn to visit 89.20 today
  • #74,423
  • Mar 13, 2014 11:31am Mar 13, 2014 11:31am
Phew. Sometimes it pays to stick to your guns.
There's always money in the banana stand.
  • #74,424
  • Mar 13, 2014 11:33am Mar 13, 2014 11:33am
If it breaks .9000 im doubling down.
The coincidental success is more dangerous than the expected failure
  • #74,425
  • Mar 13, 2014 11:41am Mar 13, 2014 11:41am
A chart for the AUDUSD bulls, can you guys please tell me where on earth are you seeing a bullish uptrend?? where on earth do you see any bullish momentum at all?
all i can see that i've been saying AUDUSD happens to be stuck in between 2 lines. replotted using fibonacci levels to find out we're stuck between 38.2% and 23.6%
with the bulls failing miserably hard as the daily candle looks like a big Smack to the face rejection to break above...

Coining the phrase, "stuck between a rock and a hard place."

Channel is also pointing downwards so i dont understand where people are getting their up trend on chart... H1? M30? gosh learn to read the bigger picture....

Quoting fxtyrant
{quote} Really depends what time frame you're looking at, after yesterdays big drop a rebound is plausible but i have posted a chart showing audusd is actually stuck in a range of 0.8890 to 0.9067 draw horizontal lines on those levels and you'll see what im talking about
Attached Image (click to enlarge)
Click to Enlarge Name: 20140313.1836.gmt.audusd.d1.png Size: 92 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #74,426
  • Mar 13, 2014 11:42am Mar 13, 2014 11:42am
it's time to buy now :-) sl under .9 target .92
Equities open and promptly sell off
  • #74,427
  • Mar 13, 2014 11:43am Mar 13, 2014 11:43am
Quoting fxtyrant
A chart for the AUDUSD bulls, can you guys please tell me where on earth are you seeing a bullish uptrend?? where on earth do you see any bullish momentum at all? all i can see that i've been saying AUDUSD happens to be stuck in between 2 lines. replotted using fibonacci levels to find out we're stuck between 38.2% and 23.6% with the bulls failing miserably hard as the daily candle looks like a big Smack to the face rejection to break above... {quote} {image}
And the downward trendline will be respected. OH YES...she will be respected.
The coincidental success is more dangerous than the expected failure
  • #74,428
  • Mar 13, 2014 11:51am Mar 13, 2014 11:51am
Quoting nsb
it's time to buy now :-) sl under .9 target .92
Good luck to you dude, you're literally longing against the USD when every fundamental news is suggesting a risk off sentiment flooding into the USD because of Ukraine crisis boiling over again.
Equities are down everywhere, why will you go Long on Risk?

anyways doesnt mean you cant make money, i just hope you smart enough to get out when the time is right.

i think you should learn something about correlations.....
when equities are down, risk pairs falls down most of the time. especially on days like theses with equities down 1-2% around the world.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #74,429
  • Mar 13, 2014 12:03pm Mar 13, 2014 12:03pm
Watch the USD blow up tomorrow as no one wants to be caught holding risk assets over the weekend. It wouldn't surprise me. People are already unwinding heavily from the JPY carry these last two days.
The coincidental success is more dangerous than the expected failure
  • #74,430
  • Mar 13, 2014 12:08pm Mar 13, 2014 12:08pm
Quoting Neqrotik
Watch the USD blow up tomorrow as no one wants to be caught holding risk assets over the weekend. It wouldn't surprise me. People are already unwinding heavily from the JPY carry these last two days.
So AUD compared to USD is no risk asset? LOL
Fix up, trade sharp ...
  • #74,431
  • Mar 13, 2014 12:12pm Mar 13, 2014 12:12pm
Quoting Hickson
{quote} So AUD compared to USD is no risk asset? LOL
Don't start gettin all NYTimes on my ass. I never said that USD is a "no risk" asset. But investors rather hold USD in times of uncertainty yes.
The coincidental success is more dangerous than the expected failure
  • #74,432
  • Mar 13, 2014 12:20pm Mar 13, 2014 12:20pm
Quoting Neqrotik
{quote} Don't start gettin all NYTimes on my ass. I never said that USD is a "no risk" asset. But investors rather hold USD in times of uncertainty yes.
Depends on what you mean by "blow up"
Fix up, trade sharp ...
  • #74,433
  • Mar 13, 2014 12:21pm Mar 13, 2014 12:21pm
Quoting Hickson
{quote} Depends on what you mean by "blow up"
I apologize. I was not specific. Aye. Blow up = meaning UP
The coincidental success is more dangerous than the expected failure
  • #74,434
  • Mar 13, 2014 12:26pm Mar 13, 2014 12:26pm
Quoting Neqrotik
{quote} I apologize. I was not specific. Aye. Blow up = meaning UP
Ok, I thought of blowing up more like falling to pieces. Well, I do not know. Today has not seen a lot of USD strength against most currencies, despite some drops at the end of the day. I also doubt where it should come from, but against the Aussie it is hard to lose for the USD atm.
Fix up, trade sharp ...
  • #74,435
  • Mar 13, 2014 12:34pm Mar 13, 2014 12:34pm
Quoting Hickson
{quote} So AUD compared to USD is no risk asset? LOL
Well there are also risk to holding USD, but USD is far better than AUD is in terms of it being a safe haven currency, it was a common misconception by people that AUD was a safe haven back in 2010, thats only true when the Chinese economy is striving while the western world is in shambles.
now is noow the case, with US growth back on track, and tapering reducing supply of USD (USD rises in value on reduced supplies)
while AUD is tied to the fate of China and the price of the commodity that AUD holds.

Similar fate AUD has with Nigeria, only Nigeria collapsed due to oil price collapse, you cant help but wonder if oil can collapse when supply of oil in the world is dwindling....
surely like any exhaustible commodity would only rise up in price, and driving AUD higher. well thats not the case.

right now. looking at equity market, these are the risky assets to hold, EUR, GBP, NZD, AUD, RUB, CAD, TRY, CNY (yes i know i know, CNY has a lot to rise in value, you might call me nuts but CNY is actually quite over valued because 99% of the world thinks the CNY will appreciate as it opens its door to free market, but the rich 1% tends to think differently from all of us, they see all that Demand, then logical for them to supply supply supply ie, seeing so many buy buy buy, they are making bucks to force the CNY down)
and these are the safe havens, USD, CHF, JPY, and surprisingly.... Gold....(im not a big fan of gold but as of late gold has risen on ukrainian turmoils....)
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #74,436
  • Mar 13, 2014 12:46pm Mar 13, 2014 12:46pm
Quoting fxtyrant
{quote} Well there are also risk to holding USD, but USD is far better than AUD is in terms of it being a safe haven currency, it was a common misconception by people that AUD was a safe haven back in 2010, thats only true when the chinese economy is striving whie the western world is in shambles. now is noow the case, with US growth back on track, and tapering reducing supply of USD (USD rises in value on reduced supplies) while AUD is tied to the fate of China and the price of the commodity that AUD holds. Similar fate AUD has with Nigeria, only...
It is not so hard to understand, since USD is the most liquid currency in the world. On the other hand, right now I do not like to go long on USD against most currencies, especially not GBP, EUR or NZD. AUD seems ok, because there is simply no reason for AUD to make a breakout like 500 pips upwards. We are at support now around 0,9010. If this breaks, we can have a happy shorting meal.
Fix up, trade sharp ...
  • #74,437
  • Mar 13, 2014 12:54pm Mar 13, 2014 12:54pm
Quoting Hickson
{quote} It is not so hard to understand, since USD is the most liquid currency in the world. On the other hand, right now I do not like to go long on USD against most currencies, especially not GBP, EUR or NZD. AUD seems ok, because there is simply no reason for AUD to make a breakout like 500 pips upwards. We are at support now around 0,9010. If this breaks, we can have a happy shorting meal.
I wholeheartedly agree. I woke up this morning with the A.U move in my mind. Thinking. Like, how in the hell can the pair sell off hard on fundamental news (that isnt going away for a while) and retrace right back up as if nothing happened? I knew it was something to fade. At least it felt that way. Alot of traders were really fixated on the H&S inverse pattern. They even blurred the lines a bit further as if we were in TOTAL RECALL with Arnold Schwarzenagger where the woman had 3 tits. No. Its TWO SHOULDERS. Now they are getting burned.
The coincidental success is more dangerous than the expected failure
  • #74,438
  • Mar 13, 2014 1:00pm Mar 13, 2014 1:00pm
I see head and shoulders.... Shorted 0.9040 SL at 0.9075 for now
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 103 KB
Twitter: @TrendersGame
  • #74,439
  • Mar 13, 2014 1:02pm Mar 13, 2014 1:02pm
Quoting Citiboy
I see head and shoulders.... Shorted 0.9040 SL at 0.9075 for now {image}
Right on. Well. Im wagering that will fail too.
The coincidental success is more dangerous than the expected failure
  • #74,440
  • Mar 13, 2014 1:04pm Mar 13, 2014 1:04pm
For the record there never was an inverse head and shoulders.... price never tested the shoulder... at 0.8850.


I find it funny when guys use trendlines to draw shoulders.... lol
Twitter: @TrendersGame
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