AUD/USD

Hi Grizzly, hope you are well

I received several memorable lessons from you while trading AJ.

Good Morning!

Today's S/R levels on MT4 Templates
Happy Friday everyone !

EURO
CABLE
AUDUSD
USDJPY
GOLD

http://www.forexfactory.com/showthre...75#post7888975

EURO PINK
CABLE PINK

Hi Jayjib:

I am so sorry after reading your message to all traders. Believe me, I've been in your situation too a long time ago and please do not give up. If you have made $500 a week then you can do it again, however, go with smaller lots and do not try to trade a few pair at the same time. Also, do not look at the chart all the time, as you are saying. You can do it and you need any help please talk to me maybe I can help.

Guys, watch for 24th of November. It is a big day that will effect the oil price and consequently the dollar: Meeting between 5+1 and Iran

Today = Long AUDUSD
Monday gap up, then close the Long

wow, what is happening? Why is it suddenly jumping up? any news?

china cuts rates...damn

can you please post the news link here.

I was wondering why AUDUSD did not drop when EURUSD dropped a while back. Now I know why it did not happen.

where is he FX-OPINION???????

lol

aud/usd looks like moving upto .9000

Good morning. Quite a surprise overnight from the Chinamen. Should get a nice gap up over the weekend, but I don't think lower interest rates will help Australia's economy for anything but the short term. China's economy sucks (hence the lowering of rates), commodities and minerals are still falling, RBA still jawboning the AUD down, USD set to raise rates. Shorting between here and .88xx.

For every seller, there is a buyer, for every buyer, there is a seller.

The China news caught everyone by surprise.

Is it surprise ?

This is the first high conviction trade I've seen all week.
Short AUD in scale @ 86.7
The Chinese rate cut is a gift as I see it.
Clearly broke countertrend rally recently and spike on Friday near resistance failed. Nice candle.
Fundamentally I can't think of any situation in the next 6 months where AUD will not sell off (other than huge Chinese stimulus, not just small IR cut).
Took profits on JPY short, EUR short and moved to AUD short. JPY will probably go down further but would spike with risk off/ stockmarket correction. AUD would continue to sell off in this situation, so seems to me safer to hold in as large % portfolio size. Also AUD now clearly lagging JPY/EUR. Gold looking to top also IMO.
Was holding short EUR, JPY, AUD Vs USD. Now only small position in short JPY. Took out short EUR short, massive day today and likely to disappoint. Now moved to 90% AUD short. Interesting to see if there is more pop early next week. low-mid 87's would see me add to short position further.

No surprises here

having a sell stop at 8535, thats it for me on aussie right now... Lets c

Aussie is looking strong now ... maybe the gurus with their big lots pumped it heavily ...

If AUD (and probably therefore NZD, and perhaps CAD) strengthen due to the Chinese rate adjustment (which I would like to see, but am skeptical about), I would pit it against EUR (or perhaps CHF). Looking at EUR/AUD, there is plenty of room to the downside - not in the short term, but medium term and long term).

If AUD does strengthen in a risk aversion scenario, I would pit it against JPY.

But, the market is currently a little frail, and easily pushed around by news events.

That's a clever thought dude, play these carry trades against the weakest currency atm - yen. E/A might come back for a stint over 1.47 ... but the resistance above should be hard to break if I do not miss something. CAD - I do not know, I will still rather look to buy USD/CAD.