sharetrader
Page 2 of 12 FirstFirst 123456 ... LastLast
Results 21 to 40 of 239

Thread: AUD.USD

  1. #21
    Senior Member
    Join Date
    May 2000
    Location
    New Zealand.
    Posts
    1,321

    Default

    Quote Originally Posted by Steve View Post
    The AUDUSD could be looking for a rise in the short-term...
    24 hours later, the AUDUSD has recovered to where it was at yesterdays post, having dropped 1c overnight and recovering it back.

    Perhaps I was a day too early, or have I just given it another kiss of death?
    Death will be reality, Life is just an illusion.

  2. #22
    Member
    Join Date
    Nov 2001
    Location
    Te Puke, , New Zealand.
    Posts
    351

    Default

    Anyone else long on Aussie? Have being holding for a few days now and feel it could start to push up to .92 over this week. The strong economy in Aussie and the commodity price rises should support the A$. The only downside is if people think the US will not go into reccession and no more interest rate cuts by the Fed. Any thoughts?

  3. #23
    Senior Member
    Join Date
    Oct 2004
    Location
    , , .
    Posts
    1,000

    Default

    hi

    looks like a good long

    from an elliot wave potential count

    running in a third wave of a bigger third wave , very likely to take out previous high and probably test parity on longer time frame

    risk limit 89.24

  4. #24
    Member
    Join Date
    Nov 2001
    Location
    Te Puke, , New Zealand.
    Posts
    351

    Default

    Thanks for that chart. It has already gone through 0.92 but not held up. Will be interesting to see when profit takers knock it back and if it will head towards 93. Hoping anyway.

  5. #25
    Member
    Join Date
    Dec 2004
    Location
    , , .
    Posts
    466

    Default

    Quote Originally Posted by Nevl View Post
    Thanks for that chart. It has already gone through 0.92 but not held up. Will be interesting to see when profit takers knock it back and if it will head towards 93. Hoping anyway.
    Got stopped out at 0.9111 last night. It appears to be just a special spike down for my stop. Who says they don't hunt stops!

  6. #26
    Member
    Join Date
    Nov 2001
    Location
    Te Puke, , New Zealand.
    Posts
    351

    Default

    Yes strange night last night on equities and currencies. Did not get stopped out and have enjoyed the recovery since. given the reaction to the fed notes i expect the Aus/usd to start to push 0.925 today and have bet accordingly

  7. #27
    Senior Member
    Join Date
    Oct 2004
    Location
    , , .
    Posts
    1,000

    Default

    Quote Originally Posted by Bilo View Post
    Got stopped out at 0.9111 last night. It appears to be just a special spike down for my stop. Who says they don't hunt stops!
    now thats a bitch, you nailed that swing low to the absolute pip

  8. #28
    Member
    Join Date
    Dec 2004
    Location
    , , .
    Posts
    466

    Default

    Quote Originally Posted by dumbass View Post
    now thats a bitch, you nailed that swing low to the absolute pip
    Thanks D. Yes Bs.
    I could be proud of it. But is not the first time. I felt that they really go out of their way at times. Whoever they are, they can obviously see far more than I can.

  9. #29
    Member
    Join Date
    Dec 2004
    Location
    , , .
    Posts
    466

    Default

    Quote Originally Posted by Nevl View Post
    Yes strange night last night on equities and currencies. Did not get stopped out and have enjoyed the recovery since. given the reaction to the fed notes i expect the Aus/usd to start to push 0.925 today and have bet accordingly
    I had been trying to trade the big butterfly to return to ~.94 as in November. I will just have to go back to trading pieces of it during days if these stops keep getting taken out. The further i put them away the further the curve seems to bend towards them..I thought ~100 points would have been enough..

  10. #30
    Member
    Join Date
    Nov 2001
    Location
    Te Puke, , New Zealand.
    Posts
    351

    Default

    seriously unlucky Bilo. Was wrong about the move up yesterday myself but as Aussie has gone sideways am holding my long position for the expected breakout. Am doing small trades between .917 and .920 at the moment

  11. #31
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    5,319

    Default

    seems to me that Aussie just popped out of an ascending triangle formed during the last 24 trading hours

    edit : will try to be more precise now , and specify a target of 92.50 plus 60 pips = 93.10 , this being the size of the triangle)

    have started buying and will buy on dips with stop loss 92.20
    Last edited by peat; 25-02-2008 at 07:46 PM.
    For clarity, nothing I say is advice....

  12. #32
    Member
    Join Date
    Nov 2001
    Location
    Te Puke, , New Zealand.
    Posts
    351

    Default

    Finally made it to 0.925. A few days late. Still feel that there is positive sentiment out there and the general move will be up. Will stay long and trade on the dips. Feel confident about 0.93 by the end of the week.

  13. #33
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    5,319

    Default

    hasnt conformed to my pattern. trade alive but its just random now.

    heh
    it turned pretty soon after I made this post. was more of a gartley in the end tho not a proper one.
    Last edited by peat; 26-02-2008 at 09:00 AM.
    For clarity, nothing I say is advice....

  14. #34
    Member
    Join Date
    Nov 2001
    Location
    Te Puke, , New Zealand.
    Posts
    351

    Default

    Yeah a little nervous at the moment. This guy http://advisor.fxstreet.com/ is a US$ bull at the moment but the only one I have found. Still making short trades with a long bias. So ignoring the advice. Has being some nice trades and seems more volatile in London trading than Aussie trading.

  15. #35
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    5,319

    Default

    Quote Originally Posted by peat View Post
    a target of 92.50 plus 60 pips = 93.10
    target reached.
    For clarity, nothing I say is advice....

  16. #36
    Member
    Join Date
    Dec 2004
    Location
    , , .
    Posts
    466

    Default

    Quote Originally Posted by peat View Post
    target reached.
    So what now?
    Some are picking .94/.95 near term and 1.00 in the not too distant future - before the Kiwi....!

  17. #37
    Legend peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    5,319

    Default

    I dunno Bilo

    You see I cant play feelings coz thats how I lose... so I need a pattern to trade. So I just look for technically based patterns and that gives me a concrete strategy. they dont always win but they seem to do better overall than hunches or feelings etc....
    For clarity, nothing I say is advice....

  18. #38
    Senior Member
    Join Date
    Oct 2004
    Location
    , , .
    Posts
    1,000

    Default

    worth a look back at the big picture where it can look crystal clear

    this is a monthly chart

    simple zig zag A B C correction

    5 waves up A

    3 waves down B

    5 waves up C

    often A = C

    currently in fifth wave which should terminate around parity

    just as simple as being a big round number will see the action get pretty close

  19. #39
    Senior Member
    Join Date
    Oct 2004
    Location
    , , .
    Posts
    1,000

    Default

    can now zoom in and study structure of the 5th wave from the monthly

    currently correcting in 4th ( today )

    4th likely to be a triangle

    before termination of fifth

    i would trade it very carefully from now on as the third wave easy pips have gone

    the fifth wave could take many forms and may be good for scalping trades

    the money trade is the correction which will commence after the fifth has completed .

    waiting for that

  20. #40
    Member
    Join Date
    Dec 2004
    Location
    , , .
    Posts
    466

    Default

    Quote Originally Posted by dumbass View Post
    can now zoom in and study structure of the 5th wave from the monthly

    currently correcting in 4th ( today )

    4th likely to be a triangle

    before termination of fifth

    i would trade it very carefully from now on as the third wave easy pips have gone

    the fifth wave could take many forms and may be good for scalping trades

    the money trade is the correction which will commence after the fifth has completed .

    waiting for that
    I like it D!
    At least - it gives the result that I think most people expect and something to watch out for.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •