You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Aud/usd
- Thread starter BigFunky
- Start date
Quote from erasmus:
What makes you think this?
Was wondering that myself, you know darn well its a resource economy-that bodes well with a very sustained commodities boom, but USD parity?
I guess little johnny tipping his hand for enriching unranium domestically couldnt hurt there either, they are pushing it through regardless, no matter what, been on the cards for some time.
Dollar parity makes some sense to me, ive always considered it an extra state of the us, it is in effect, in reality, though nobody in politics would admit it. So it wouldnt surprise me if thats where its moving, but whats your reasoning?
just got long AUDUSD @ .8319.
stop in .8270 area; limit in .8425 area
i'm looking for a retest of the recent swing high to be followed by a break slightly above the .8400 figure.
not sure how probable a break above .8400 is at this point but i'm ready and willing to close out the trade on any sign of weakness ahead of .8400.
stop in .8270 area; limit in .8425 area
i'm looking for a retest of the recent swing high to be followed by a break slightly above the .8400 figure.
not sure how probable a break above .8400 is at this point but i'm ready and willing to close out the trade on any sign of weakness ahead of .8400.
Quote from risktaker989:
just got long AUDUSD @ .8319.
stop in .8270 area; limit in .8425 area
i'm looking for a retest of the recent swing high to be followed by a break slightly above the .8400 figure.
not sure how probable a break above .8400 is at this point but i'm ready and willing to close out the trade on any sign of weakness ahead of .8400.
I like the way your thinking, nice and aggresive short term, but i'd be astonished if these prices weren't long term swing high (abc) sells, in the same scenarios you mentioned.
Down to a stablilised 76c or so, at least, over the next month or so.
ie, sell under 85 really, THIS is one of the few situations id like to examine the cot reports, ive never seen it this high, you could call it new ground-how "new" chart behaviour might come from this i dont know, but this is exciting territory.
If you happen to like charts, and currencies, that is.
Quote from acronym:
I like the way your thinking, nice and aggresive short term, but i'd be astonished if these prices weren't long term swing high (abc) sells, in the same scenarios you mentioned.
Down to a stablilised 76c or so, at least, over the next month or so.
ie, sell under 85 really, THIS is one of the few situations id like to examine the cot reports, ive never seen it this high, you could call it new ground-how "new" chart behaviour might come from this i dont know, but this is exciting territory.
If you happen to like charts, and currencies, that is.
i can definitely see it breaking down lower in the longer term. but you pretty much said it...shorter term is the game i'm playing with this one. i'm going under the assumption that there will be a last "hoorah" push to the upside to test the most highs.
it has come off a bit since this morning so now just waiting to see if price will stabilize. it's much closer to my stop now and if it gets hit then i'd definitely be wary of getting long again anytime soon after that point.
I'm short from 8345. I don't see a retest of the highs in the cards, unless the RBA surprises tonight. In retrospect, in light of Friday's GDP report, GBP/AUD and EUR/AUD were much better vehicles for shorting AUD. However, AUD/USD is still significantly weak. Momentum is deteriorating, MACD crossed, and a classic descending triangle formation is underway. If 8240 breaks, look out below.
Attachments
Closed my short position here at 8228 (+117pips). We're below the daily S2, I'll wait for a bounce and short again.
Cha Ching!
Quote from Trader KGB:
Closed my short position here at 8228 (+117pips). We're below the daily S2, I'll wait for a bounce and short again.
nice trade!
my long trade the other day getting stopped out pretty much confirmed that downside momentum...though after yesterday (Friday) looks like my upside idea might be worth looking into again.
for now i'm flat but keeping a close eye on it among other things to see what sets up.