Hmm, probably should have entered that short trade before the jobs announcement. Always a couple days late..
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Aud/usd
- Thread starter BigFunky
- Start date
Quote from Trader KGB:
Hmm, probably should have entered that short trade before the jobs announcement. Always a couple days late..
i think there might be some follow through to the downside but not before it tries to go higher again at this point (currently trading @ .8155 at the time of this writing).
what i'm waiting to see is if the buyers come back in an attempt to see price go higher. if that attempt fails then i'd seriously consider shorting for a short-term retracement type of play.
it's never a good idea to fade the trend but for a short-term play it might be worth it.
Now what?
.8000 or .8350?
I'm afraid if we wait for gold to hit 700 hundred we might miss a big move.
Maybe I'll short copper and AUD/USD and buy gold.
Is anyone else even messing with this or just waiting and watching?
.8000 or .8350?
I'm afraid if we wait for gold to hit 700 hundred we might miss a big move.
Maybe I'll short copper and AUD/USD and buy gold.
Is anyone else even messing with this or just waiting and watching?
Just waiting and watching. Held off on the short trade. Copper is having an amazing rally. Both are due for a correction, but it's dangerous to short such strength.
Quote from Trader KGB:
Just waiting and watching. Held off on the short trade. Copper is having an amazing rally. Both are due for a correction, but it's dangerous to short such strength.
Agreed. Patience is required here, if you are a short. I've been burned too many times getting loaded short and being way too early. Shame there is no decent volume in AUD/USD futures options, as it would be a safer way to speculate at this juncture.
http://charts3.barchart.com/chart.a...&vol=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix=
I must say i never saw this coming, but it gets more top heavy by the second here.
I must say i never saw this coming, but it gets more top heavy by the second here.
Forget alternatives to oil we need to find an alternative to copper. This is feeling like a perfect storm for the AUD which makes me think there can't be many more caytalists to make it go much higher over the next month. Even though I have no doubt we will 1:1 AUD/USD in the next 5 years it won't happen over night. Will it? Short got filled @ .8380 if it breaks through .84 will probably get out (my charts don't go back far enough I need to use economagic.com.
Hey Jim Rogers take some profits and buy something nice for yourself!
Hey Jim Rogers take some profits and buy something nice for yourself!
Quote from riskaddict:
Forget alternatives to oil we need to find an alternative to copper. This is feeling like a perfect storm for the AUD which makes me think there can't be many more caytalists to make it go much higher over the next month. Even though I have no doubt we will 1:1 AUD/USD in the next 5 years it won't happen over night. Will it? Short got filled @ .8380 if it breaks through .84 will probably get out (my charts don't go back far enough I need to use economagic.com.
Hey Jim Rogers take some profits and buy something nice for yourself!
Just going on record that I getting short here with NZD and UAD futures, futiues options and ETFs and will take some pain in the short term, if needed. I know the fundametals are so-so, at best, and I'm being optimistic in viweing the dollar vis-a-vis AUD and NZD. But the technicals are so out of whack there has to be, at a minimum, a 2% pull back in the coming days/weeks, especially with the Kiwi.
Finally seeing weakness after the PPI, let's see if the CPI reaction tomorrow leads in the same direction. Interesting to note that AUD/JPY has broken its early March trendline. Any thoughts as to which pair is due for a larger correction: AUD/USD vs AUD/JPY?