AUD/USD

[CanOz]

Potentially 0.5250 is not out of the question, give the current pattern that is forming...

I reckon this scenario is not out of the question you know....its not real encouraging price action for AUD bulls, thats for sure.

Cheers,


CanOz

 

[fapturbo]

Downleg is starting.

Next Stop is 0.60c ish

 

[noirua]

Downleg is starting.

Next Stop is 0.60c ish

Yes, 63.1c (inverse AU$1.587) to AU$1.

 

[BentRod]

They are buying it all the way down too.

RBA will most likely intervene at 62.50 if it gets there.

 

[Glen48]

What hope do you have when USA got us into this mess and the USD is the winner......for awhile anyway.

 

[caribean]

What hope do you have when USA got us into this mess and the USD is the winner......for awhile anyway.

Things will turn around again soon enough, Oil will go up, Usd will go down, and even equities will stabilise...just don't ask me when

 

[Stormin_Norman]

Things will turn around again soon enough, Oil will go up, Usd will go down, and even equities will stabilise...just don't ask me when

markets need sign posts. itd make it a lot easier to make money :

 

[caribean]

markets need sign posts. itd make it a lot easier to make money :

Yes for sure!!
seriously though, trading intraday makes longer term predictions, almost, unimportant, we trade what we see.

 

[Glen48]

I would be happy with a Red and green light and lots of U turns.

 

[Phillip]

Getting to a level where the AUD is becoming an attractive risk/reward play here. The Aussie is pinned against the RBA and at what stage the monetary easing cycle is currently at. The daily is trading in a large wedge where supply/demand is jostling for power; a decent move could be somewhat imminent. The Interbank market has already priced in a 25 basis cut and gunning for 50. If the RBA cuts 50 basis points on Tuesday I think more downside is to come. Probably .6250 as first stop, then .6075 if things deteriorate further. Hard to see it breaking below that wedge though.

At the risk of sounding a know-it-all. I just want to point out that fundamentals play a huge part in currencies even though all technical indicators point to the opposite direction. The RBA didn't cut.. this is astonishing and traders out there can not come to grips with it, in my view it should rally for at least two days, so watch the pullbacks.

 

[CanOz]

At the risk of sounding a know-it-all. I just want to point out that fundamentals play a huge part in currencies even though all technical indicators point to the opposite direction. The RBA didn't cut.. this is astonishing and traders out there can not come to grips with it, in my view it should rally for at least two days, so watch the pullbacks.

Hmmm, depends on what the traders are using to trade it, my system picked up the trade and a few others this morning. The AUD trade was active before the announcement. This system is currently testing on the simulator, so don't get too excited, its not real money folks.

Trailing stop following up nicely, hope it survives the next open.

Cheers,


CanOz

 

[Stormin_Norman]

that a manual system? or are u coding in OandA's autotrader language?

 

[CanOz]

that a manual system? or are u coding in OandA's autotrader language?

Manual, taking the signals as they appear until we can forward test it on Amibroker. I might be trading it like this for a few months yet.

Cheers,


CanOz

 

[Page]

Short term (Intraday)

0,6411. AUD USD broke 0, 6350 resistance. The volatility rises. Bollinger bands are deviated. Forex Trend 4H, daily is in a bearish pattern. 1H Modified Stochastic indicates a bullish force on AUD USD. The price should carry on moving in 0, 6300 / 0, 6450 range.
We will not obtain a position. There is no trade pattern.

Resistances
0,6450 - 0,6550

Supports
0,6365 - 0,6300

 

[Stormin_Norman]

Short term (Intraday)

0,6411. AUD USD broke 0, 6350 resistance. The volatility rises. Bollinger bands are deviated. Forex Trend 4H, daily is in a bearish pattern. 1H Modified Stochastic indicates a bullish force on AUD USD. The price should carry on moving in 0, 6300 / 0, 6450 range.
We will not obtain a position. There is no trade pattern.

Resistances
0,6450 - 0,6550

Supports
0,6365 - 0,6300

reference = mataf?

 

[BentRod]

reference = mataf?

Sure looks like it Norm.

Along with every single post he has made, its all copy and pasted without source.

 

[Stormin_Norman]

im quite proud of myself picking that out actually.

ill give myself a beer.

 

[CanOz]

Struth! I f you don't like the price action ,wait a minute

Must be the GDP ann? Rate negative i take it?

Interesting times indeed.

CanOz

 

[Stormin_Norman]

-0,5%

 

[Aussiejeff]

-0,5%

At long last - a flamin' economic reality check.

Let's see KruddBank 'n Co. talk this one up....