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AUD/USD

  • #77,321
  • May 14, 2014 9:15am May 14, 2014 9:15am
Quoting VaBikePacker
{quote} I'd be glad to hear you expound on this. How you arrived at the idea, etc...
great site on correlations.
You can choose daily weekly monthly

http://www.myfxbook.com/forex-market/correlation/AUDUSD

CAD AUS and NU is considered commodity pairs and they often correlate closely.Goes without saying its not the case always but more often then not specially on AU and NU since both economies are highly intertwined specially with Chinese data.
In trading, you have to be defensive and aggressive at the same time
  • #77,322
  • May 14, 2014 9:44am May 14, 2014 9:44am
Quoting Davit
{quote} great site on correlations. You can choose daily weekly monthly http://www.myfxbook.com/forex-market/correlation/AUDUSD CAD AUS and NU is considered commodity pairs and they often correlate closely.Goes without saying its not the case always but more often then not specially on AU and NU since both economies are highly intertwined specially with Chinese data.
Thanks Davit...
"Holy Grail" exists - accepting where is the first step.
  • #77,323
  • May 14, 2014 10:04am May 14, 2014 10:04am
closed shorts
+80pips in 3positions
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In trading, you have to be defensive and aggressive at the same time
  • #77,324
  • May 14, 2014 4:24pm May 14, 2014 4:24pm
.9380 becames support ?
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  • #77,325
  • May 14, 2014 4:54pm May 14, 2014 4:54pm
The AUDUSD bounced from the 0.9400 level to the downside as it was expected. The question now is how far down can it go? For now the 55 period EMA on the 4 hour chart is our closest support for the pair.
  • #77,326
  • May 14, 2014 4:58pm May 14, 2014 4:58pm
Here my view today

In this price i dont want buy if not have very good news.. So just short..
I already set pending order in blue zone (1. at 9430 2. at 9405 (below yesterday high))
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  • #77,327
  • May 14, 2014 5:23pm May 14, 2014 5:23pm
Hi guys

Good short ratio here.
  • #77,328
  • May 14, 2014 5:34pm May 14, 2014 5:34pm
.9320-.9340 wouldn't surprise me before a bit of a bounce...and maybe not much of one...
"Holy Grail" exists - accepting where is the first step.
  • #77,329
  • May 14, 2014 6:01pm May 14, 2014 6:01pm
Quoting FX-Petra
Added a Long @ 9321. Looking for 9425-9450 area. May take a few days. Regards,
I wrote this a week ago, and target area still not reached. I went ahead and closed my longs @ 9400. I am sure that 9450 will be reached, but when? As I have said before, the volatility in this pair has slowed down big time. I am now flat this pair and will look to re-enter on a dip.

Regards,
  • #77,330
  • May 14, 2014 6:06pm May 14, 2014 6:06pm
Quoting FX-Petra
{quote} I wrote this a week ago, and target area still not reached. I went ahead and closed my longs @ 9400. I am sure that 9450 will be reached, but when? As I have said before, the volatility in this pair has slowed down big time. I am now flat this pair and will look to re-enter on a dip. Regards,
If you've been reading through the thread completely you know my magic .9467 number

Not sure if you saw what I wrote earlier about 80 and 100 or so up as maximums for the past few weeks, well, with the week open price we have, the areas you and I are confident in are in range..

P A T I E N C E - we know what the market "needs" to do. Now it's just the matter of waiting to see how it goes about getting it done.
"Holy Grail" exists - accepting where is the first step.
  • #77,331
  • May 14, 2014 8:03pm May 14, 2014 8:03pm
My view.
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  • #77,332
  • May 14, 2014 10:56pm May 14, 2014 10:56pm
Quoting FX-Petra
{quote} I wrote this a week ago, and target area still not reached. I went ahead and closed my longs @ 9400. I am sure that 9450 will be reached, but when? As I have said before, the volatility in this pair has slowed down big time. I am now flat this pair and will look to re-enter on a dip. Regards,
You are right, there seems to be heavy resistance at .94 level. This pair might have difficulties breaching that level. Related cousin NZD appears to be in a similar position.
The true fact is market doesn't care, risk mgt is important.
  • #77,333
  • May 15, 2014 1:56am May 15, 2014 1:56am
Quoting Ssm
{quote} You are right, there seems to be heavy resistance at .94 level. This pair might have difficulties breaching that level. Related cousin NZD appears to be in a similar position.
when GBP desinflates + Euro, speculative Funds look like their prefered target is AUD, they can take it to irrational high levels,
historical data will show ...

still 0.95 targeted, maybe middle next week.
  • #77,334
  • May 15, 2014 5:00am May 15, 2014 5:00am
current move in AU due to opposition leader's budget response currently being given in parliament. Naturally very negative. Should not have lasting impact on AU price.
Credit agencies endorsed the budget's longer term impact earlier today.
  • #77,335
  • May 15, 2014 7:24am May 15, 2014 7:24am
Quoting VaBikePacker
I'm using 2.9% margin currently. Using 2.9% margin, the market has to move against my current position 8,391 pips LONG, or, up to 1.7790. (I think I'm safe from a margin call...)
Whats your leverage ?? I'm just curious to know =D .. trade safe
K.I.S.S.
  • #77,336
  • May 15, 2014 7:49am May 15, 2014 7:49am
audusd going short with daily stochastic ?ideas profs
  • #77,337
  • May 15, 2014 7:59am May 15, 2014 7:59am
Quoting acidguy
{quote} when GBP desinflates + Euro, speculative Funds look like their prefered target is AUD, they can take it to irrational high levels, historical data will show ... still 0.95 targeted, maybe middle next week.
Failed and resisted at .9390 today. We are forming lower high. It shows weaknesses.
The true fact is market doesn't care, risk mgt is important.
  • #77,338
  • May 15, 2014 8:03am May 15, 2014 8:03am
Quoting Leijenberg
{quote} Whats your leverage ?? I'm just curious to know =D .. trade safe
I believe a more important topic is complimenting your avatar graphic

It was quite a while before we started watching and totally enjoyed it!! 'Twas sad to see it go!!

The account in my trade explorer is a small 50:1'er...Nothing to write home about...I keep the money management well in check and have a good idea of where I am in terms of margin % used and how a strong move against me would impact that. I'm not a platform stop loss user. I'm also learning that trading patience is still something I have to get right....
"Holy Grail" exists - accepting where is the first step.
  • #77,339
  • May 15, 2014 8:04am May 15, 2014 8:04am
look good point for buy.
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  • #77,340
  • May 15, 2014 8:08am May 15, 2014 8:08am
Quoting Qipips
look good point for buy. {image}
yeh looks like it. i'll wait another 20 pips to go down... 9320
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