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AUD/USD

  • #75,401
  • Mar 27, 2014 10:15pm Mar 27, 2014 10:15pm
Quoting digger1
{quote} lol, I wish I would have closed all my shorts there but did take a scalp long there not right at it but about 10 pips off the low for 25
That was good hedging then.
  • #75,402
  • Mar 27, 2014 10:17pm Mar 27, 2014 10:17pm
Quoting angelpatrici
{quote} also added 1 lot 9286 come at me bro !!!
Hit SL

now where to run.
lets see
  • #75,403
  • Mar 27, 2014 10:23pm Mar 27, 2014 10:23pm
well guys, i think it is take profit time,, by the way AUDUSD is already overbought. it was friday and at the end of the month
  • #75,404
  • Mar 27, 2014 10:55pm Mar 27, 2014 10:55pm
Quoting BoyRamadhani
well guys, i think it is take profit time,, by the way AUDUSD is already overbought. it was friday and at the end of the month
I agree. It has run out of steam. But, I also know that this trend has garnered much attention. I think it will go up, but probably in an unexpected surge, when least expected. This trend, to me, has behaved so strange, w/o it's pullbacks.
  • #75,405
  • Mar 27, 2014 11:06pm Mar 27, 2014 11:06pm
I think we've entered a ranging market. When price attempted to continue trending at the bottom of that trough (EUR/AUD), is precisely when it reversed the other way. To me, this means equilibrium price for AUD has not budged past .9260. If it moves up again, I reckon it will be in US session. (as always, this is 'my take').
  • #75,406
  • Mar 27, 2014 11:29pm Mar 27, 2014 11:29pm
Quoting Ken A
{quote} How did you know lol Not expecting it to hold though {image}
saw your post before you removed it =)

hmms.. it probably won't hold for long... the looks of it...
however i'm of the view that it will hold today... and pin bars is likely to form across aud counters... still more than 12 hours till day closure though

if pinbar forms and monday confirms.. it may test the trendlines of the H&S across the aud counters...
  • #75,407
  • Mar 27, 2014 11:30pm Mar 27, 2014 11:30pm
Quoting KecoaKecil
{quote} Today is end of month, friday. I agree there will be some profit taking, asian session will confirm it. Big Boys always greedy. Out my long. Begin with smallest short now. Wish you all good luck... and to me too.. ^_^ (we all need it)
Quoting BoyRamadhani
well guys, i think it is take profit time,, by the way AUDUSD is already overbought. it was friday and at the end of the month

No it's not .
Monday 31st is the last day of the month .
  • #75,408
  • Mar 28, 2014 12:11am Mar 28, 2014 12:11am
I think I will enter in Short position at Tuesday: http://www.forexfactory.com/calendar.php#detail=49903 if has no super strong sign for up direction and add more to position at next day: http://www.forexfactory.com/calendar.php#detail=49878 if has no super strong unexpected value in other direction...

Until that maybe we will have the 6 or even the 7th consecutive green(white) candle => must look for opposite direction.

TP will be around 0.9140

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-03-28 at 09.14.48.png Size: 56 KB
I want to buy PATIENCE
  • #75,409
  • Mar 28, 2014 12:23am Mar 28, 2014 12:23am
Be interested to see if market considers .9260 as support level. Price seemed to have bounced off that level. But thus far, no significant uptake. If doesn't hold, will send a slightly bearish message.
  • #75,410
  • Mar 28, 2014 12:29am Mar 28, 2014 12:29am
Quoting Ken A
Curious why some are so determined to short is it because it is too high or over-valued lol {image}
Neither one is not... 0.9300 is the neckline of previous h&s pattern... it should be a strong resistance..
Peace Yo!
  • #75,411
  • Mar 28, 2014 12:36am Mar 28, 2014 12:36am
Always funny how everyone and really everyone has another idea of where it will go (and thats the same for any pairs discussion here) I know why I donīt participate in such discussions to often, it just confuses you more and takes away the focus from your own strategy / trading. Reading the last 2 pages, as usually, 50% say it goes up and 50% say it goes down hehe, always helpful
  • #75,412
  • Mar 28, 2014 12:39am Mar 28, 2014 12:39am
If public forums affect your trading decision then avoid it by all cost lol
  • #75,413
  • Mar 28, 2014 12:46am Mar 28, 2014 12:46am
Quoting Ken A
{quote} Indeed. Personally I am watching other AUD/XXX or XXX/AUD and NZD/USD (possible to hit .880) + the crosses that could possibly push A/U higher.
My bias AU is bullish until end of 2nd quarter (it might hit 0.9700 level)... before another announcement of rate cut by RBA to bring this pair down again...
Peace Yo!
  • #75,414
  • Mar 28, 2014 12:47am Mar 28, 2014 12:47am
Quoting Ken A
If public forums affect your trading decision then avoid it by all cost lol
lol....
Peace Yo!
  • #75,415
  • Mar 28, 2014 12:48am Mar 28, 2014 12:48am
Quoting Ken A
If public forums affect your trading decision then avoid it by all cost lol
They donīt, I only trade automated systems. But itīs always funny though as no one knows whatever will happen and still everyone shows exactly with charts where it will go, then, it goes up or down, still
  • #75,416
  • Mar 28, 2014 1:00am Mar 28, 2014 1:00am
Quoting Ken A
{quote} Indeed and some even fight lol Always a good entertainment lol
Just curious. If your price target is for higher, are you not concerned about further Chinese or Australia data? To what extent do you think the market has priced in enough to push it 1 pip further?

Without a significant retracement that is. Better yet, what is your price target and by when do you believe it will be hit?
The coincidental success is more dangerous than the expected failure
  • #75,417
  • Edited 1:16am Mar 28, 2014 1:00am | Edited 1:16am
Quoting Ken A
{quote} Could happen and if this is the down trend for XXX/AUD such as EUR/AUD, GBP/AUD,..... will probably have to wait another cycle 5 years from now to see last week rate
See GA weekly chart.. projected 1000pip drop.. au movement is half of GA... is about 500pip...0.9700 is within reach...
If au hit 0.9700, there will be deflation (cpi will drop)... next best move by RBA is cut rates..
Peace Yo!
  • #75,418
  • Mar 28, 2014 1:08am Mar 28, 2014 1:08am
I tend to watch USDCAD for strength as it moves in an exact opposite direction to AUDUSD (mirrors), every time USDCAD plummets AUDUSD surges higher. Need to wait for USDCAD free fall to form a support then bounce. This sure does look like carry trade action at the moment
  • #75,419
  • Mar 28, 2014 1:16am Mar 28, 2014 1:16am
Quoting Neqrotik
{quote} Just curious. If your price target is for higher, are you not concerned about further Chinese or Australia data? To what extent do you think the market has priced in enough to push it 1 pip further? Without a significant retracement that is. Better yet, what is your price target and by when do you believe it will be hit?
I honestly don't know, Guru

Wish to be as smart as most of you.
  • #75,420
  • Mar 28, 2014 1:18am Mar 28, 2014 1:18am
Quoting Ken A
{quote} I honestly don't know, Guru Wish I am as smart as most of you.
Cmon Ken. Are we thinking about this correctly? Is the train of thought here in the right direction?
The coincidental success is more dangerous than the expected failure
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