AUD/USD

[Mr J]

IB data has it as near instantaneous. Only way I would've been in that is at the test of the trendline on the daily, but that of course had to occur late on a friday night . Pulled the Euro up a little too.

 

[cashflow_08]

Aussie potential to move 0.90300 ?

nice long. Got around 300 +++ pipiz

 

[waz]

Great work cashflow

I was hoping to see it fall to 88c by the end of the week.
Ive now given up on that and will get out where I got in at 89c.
Im not confident of it even falling to 88.7

DOH, so not only did I not make any money off this trade, I've had to pay interest.

Besides your 300 pips, you also earned some nice interest.

From now on till the rest of the year Im only going long on the dips on this pair.

 

[cashflow_08]

Hi Waz,

Its good not to go counter-trend when trend is strong long. As the gurus say " go with the trend". If the longer term such as 4hr and daily say long, then only bias long on scalping shorter t/fs. The success of trading with the trend is the risk - reward ratio 1:2 or higher.
These days i stay away from countertrades bcoz lol

Below Im describing a chart of A/U 4hr where you guys can see the trend is now at a exhaution level so i took my t/p there and waiting for a break form the blue incline line. If no break then i'll wait for another long IF it makes one.

 

[Stormin_Norman]

nice indicator down the bottom

 

[pj2105]

AUD - Australian Dollar rises again

The AUD has now hit .93 to the US Dollar, how high can this thing go?
I told my wife and she is booking a holiday to Hawaii! When we went to the US back in 2000 we had to double the store price to figure out who much we were paying in Australian Dollars, now it is nearly a dollar for dollar.

 

[skyQuake]

Parity here we comeee

 

[arco]

.
The Ichimoku Weekly chart has given great entries both short and long over the last 15 months.

There may be some potential for hesitation in the grey box zone IMO.

GTA - arco

 

[cashflow_08]

Great chart.
I guess we all should go for a holiday in hawaii for stress relief

 

[legoman]

Parity here we comeee

Parity is great, except when you have a few grand tied up in the US until mid next year, at which time you'll be bringing it back at a 20% discount!

 

[arco]

Aussie looking interesting for a short - 4 Ichi elements in place on H1 plus potential H&S.



GTA - arco

 

[cashflow_08]

My Analysis agreeing with Arcos. There seems to be break of the triangle, might for short-term tomorow or tuesday reach the H/S support (bottom white flat line)

Cheers

 

[Aargh!]

Parity is great, except when you have a few grand tied up in the US until mid next year, at which time you'll be bringing it back at a 20% discount!

Not so great when you get paid in US dollars, 30% pay cut this year and counting!

 

[DAZT49]

cashflow,
I cant work out the time from on your chart, is that hourly,30 m in, 10 min??

 

[cashflow_08]

Hi Daz,

Sorry i didnt mentioned in the earlier post. Its a 4hr chart

 

[carlos233]

Hello...I am new to the forum and to the FX market. I have traded the
forex market especially (aud/usd)for the last 7 months after switching from stocks.
Just wanted to introduce myself.....cheers.

 

[Miro]

Aussie Dollar hit 0.91287 overnight, now at 0.915 ... seems like a bargain at these levels

 

[lasty]

Aussie Dollar hit 0.91287 overnight, now at 0.915 ... seems like a bargain at these levels[/QUOTE

I would take a deep breath right now rather than buying the dips at this point.
I smell a correction in the wind.
Right now the tide is on the turn. Equities, commodities and FX seem to be showing a stall.
The waters can get murky when the tide turns.
Its one of those days when you sit on your hands and do nothing.

 

[cashflow_08]

Probably be more than a short retracement or correction as theres evidence in four and daily that a reversal MAY be taking place as seen in my last post.

 

[lasty]

Probably be more than a short retracement or correction as theres evidence in four and daily that a reversal MAY be taking place as seen in my last post.

Well certainly for the short term punters, I can sense a correction developing and thats not the use of charts, so your technical analysis and my gut seem to be aligned.
How far can we pullback?
Perhaps 5 pct Im thinking but the uptrend is still intact and there will no doubt be buyers on dips so when we get into this zone expect whippy sessions ahead.
Good hunting Cashflow.. nice call..