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AUD/USD

  • #82,061
  • Jul 8, 2014 10:17am Jul 8, 2014 10:17am
Quoting Hickson
{quote} Funny somehow ... I told you to take a look at E/CAD on sunday but did not enter a trade myself - was too busy with GBP/NZD, GBP/USD and E/A. Green pips I guess!
Are u still short E/A
A good trader follows his rules, but great trader knows when to break them
  • #82,062
  • Jul 8, 2014 10:20am Jul 8, 2014 10:20am
Quoting ill_be_back
{quote} Are u still short E/A
No, took profit on the bounce. Want to see a last up run of E/U and retest of A/U support.
Fix up, trade sharp ...
  • #82,063
  • Jul 8, 2014 10:21am Jul 8, 2014 10:21am
Quoting SydneyGuru
{quote} I do not think it right. Think it is good correction .... each movement has ZIGZAG pattern. Check my FX weather forecast in this forum -)))
yep looks like that too me also, consolidation bear flag setting up for the next leg down.
Trade what you see, not what you think!
  • #82,064
  • Jul 8, 2014 11:42am Jul 8, 2014 11:42am
Quoting san99
{quote} I am not exceptionally mathematically gifted, although I am comfortable with math. As a result, I have noted that with the crosses, a number below 1.0 will effect a greater percentage change in the calculation than a number above. So with E/A - E/U move from 1.3601 to 1.3602 gives .007% change while A/U move from .9399 to .9400 gives .01% change; A/U move accounts for greater change in E/A, and similarly with several other crosses with AUD. However, I am not so talented with math and programming to work this into some type of automated strategy...
Same here.

Earlier there was a discussion about being long EUR/USD and USD/CHF are equal to long EUR/CHF. I put it on spreadsheet trying to understand what they meant.

Here and it may contain errors in it.
Attached File(s)
File Type: xls Correlation and Value per pip in USD.xls   25 KB | 273 downloads
  • #82,065
  • Jul 8, 2014 11:44am Jul 8, 2014 11:44am
Have been looking for shorts since the bad trade balance number. Currently have avg at 9380, SL at 9440.

Will see how China CPI and Aussie Payrolls look to decide whether to keep the shorts
Twitter: @TrendersGame
  • #82,066
  • Jul 8, 2014 11:50am Jul 8, 2014 11:50am
Quoting Citiboy
Have been looking for shorts since the bad trade balance number. Currently have avg at 9380, SL at 9440. Will see how China CPI and Aussie Payrolls look to decide whether to keep the shorts

I think China CPI is going to be RED
A good trader follows his rules, but great trader knows when to break them
  • #82,067
  • Jul 8, 2014 11:54am Jul 8, 2014 11:54am
Quoting Ken A
{quote} Same here. Earlier there was a discussion about being long EUR/USD and USD/CHF are equal to long EUR/CHF. I put it on spreadsheet trying to understand what they meant. Here and it may contain errors in it. {file}

Hey Ken What will be the effect of China CPI if RED on E/CAD
A good trader follows his rules, but great trader knows when to break them
  • #82,068
  • Jul 8, 2014 11:55am Jul 8, 2014 11:55am
Quoting Ken A
{quote} Reason being: y o u l o n g e u r a u d s o b u s t e d
Not Yet but will go LONG before the News
A good trader follows his rules, but great trader knows when to break them
  • #82,069
  • Jul 8, 2014 11:59am Jul 8, 2014 11:59am
Quoting ill_be_back
{quote} Hey Ken What will be the effect of China CPI if RED on E/CAD
The usual effects from this data alone:

China is Aussie and Kiwi largest trading partner and Canada Being second. Red # means bad for AUD, NZD and CAD. The inverse is also true.

So red #, EUR/CAD and EUR/AUD bullish.
  • #82,070
  • Jul 8, 2014 12:01pm Jul 8, 2014 12:01pm
Quoting Ken A
{quote} The usual effects from this data alone: China is Aussie and Kiwi largest trading partner and Canada Being second. Red # means bad for AUD, NZD and CAD. The inverse is also true.
Thanks

What you Think about China CPI RED or GREEN
A good trader follows his rules, but great trader knows when to break them
  • #82,071
  • Jul 8, 2014 12:07pm Jul 8, 2014 12:07pm
Quoting ill_be_back
{quote} Thanks What you Think about China CPI RED or GREEN
I personally think it will be better or miss by a hair. Will have more confidence watching price movement 5 to 30 mins before data release. But hey don't listen to me just a wild guess.
  • #82,072
  • Jul 8, 2014 12:57pm Jul 8, 2014 12:57pm
Quoting Ken A
{quote} I personally think it will be better or miss by a hair. Will have more confidence watching price movement 5 to 30 mins before data release. But hey don't listen to me just a wild guess.
How do you read price movements before the news that would give you more confidence? Usually it seems 50/50 to me. A/U is at least more predictable with good news driving up the pair and bad driving it down. But with some other pairs like U/J, good can be bad and vice-versa.
Enter Signature
  • #82,073
  • Jul 8, 2014 1:03pm Jul 8, 2014 1:03pm
Quoting san99
{quote} How do you read price movements before the news that would give you more confidence? Usually it seems 50/50 to me. A/U is at least more predictable with good news driving up the pair and bad driving it down. But with some other pairs like U/J, good can be bad and vice-versa.
It's a wild guess and have the confidence open trade with stops in place otherwise just stay out and wait for the data then enter market.
  • #82,074
  • Jul 8, 2014 1:08pm Jul 8, 2014 1:08pm
Quoting Ken A
{quote} I personally think it will be better or miss by a hair. Will have more confidence watching price movement 5 to 30 mins before data release. But hey don't listen to me just a wild guess.
sir which currency is more affected by CNY news, if positive what to buy or sell?
  • #82,075
  • Jul 8, 2014 1:10pm Jul 8, 2014 1:10pm
Quoting Ken A
{quote} It's a wild guess and have the confidence open trade with stops in place otherwise just stay out and wait for the data then enter market.
...
Ghost Rider - WWTBMD?
  • #82,076
  • Jul 8, 2014 1:24pm Jul 8, 2014 1:24pm
Quoting albchr
{quote} ...
You don't agree
  • #82,077
  • Jul 8, 2014 6:46pm Jul 8, 2014 6:46pm
For a trader like myself, this pair has been unproductive the last several months. Like a lazy dog.
  • #82,078
  • Jul 8, 2014 7:11pm Jul 8, 2014 7:11pm
A probable target for wave c of a Zigzag is 0.6182 of wave a @ 0.9696.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #82,079
  • Jul 8, 2014 7:20pm Jul 8, 2014 7:20pm
Quoting 2+2=4ex
For a trader like myself, this pair has been unproductive the last several months. Like a lazy dog.
It will get better if Yellen be able to give a go on the rate hike tomorrow although it's very unlikely to happen and AU will continue staying in the current range.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #82,080
  • Jul 8, 2014 7:25pm Jul 8, 2014 7:25pm
Chinese CPI is due in 60 minutes. At least that would give a clear picture if the 0.9400 level will hold or not in the Asian section.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
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