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AUD/USD... - Page 18

post #341 of 617
Keep an eye on this one, it looks like a great breakout canidate.

post #342 of 617
Good SSI report too.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.66 as nearly 62% of traders are short. Yesterday, the ratio was at -1.28 as 56% of open positions were short. In detail, long positions are 21.9% lower than yesterday and 28.4% weaker since last week. Short positions are 1.6% higher than yesterday and 35.3% stronger since last week. Open interest is 8.7% weaker than yesterday and 2.1% below its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.

post #343 of 617
do you have dailyfx+? cause I don't see the AUD/USD pair listed on the SSI.
Breakout or fakeout on the agenda, yeah I agree
post #344 of 617
Yea that's where I got that report from.
post #345 of 617
maybe I should iterate my question more specifically - so you pay for the service? not just use the free version?
post #346 of 617
Rethinking things here. Excellent COT report here changed my mind. I'll be watching at 12:30 EST tonight the Reserve Bank of Australia Interest Rate Decision for clues as to where next.
post #347 of 617
Thread Starter 
Just another heads up for tonite...

The RBA makes its Rate announcement tonite--to hike or to hold--that is the question.....

Expectations are for a hike to continue their streak of increasing their rates for the past 5 months without pause. Happens just after midnite tonite..around 00:30 EST... Phatey--that break out you are expecting--after the announce it could be a nice catalyst for a move here...some 'pre-news-release' movement is already taking place I see...may dampen some...

-------------
NEWS:
The Reserve Bank of Australia is widely expected to raise the benchmark interest rate to 4.25% in April from 4.00% as the nation skirts the global recession, and comments following the rate decision is likely to stoke increased volatility in the exchange rate as investors weigh the prospects for future policy.
-------------

See what happens...AUD economy has been doing great while the rest of the world sucks dirt with econ issues... Already ahead of this the price has dropped from .9210 down about 60 pips to the .9160 area... Watch the AUD/JPY too for a FUN time...


this concludes tonites 'heads up' report....
-w


post #348 of 617
Well the RBA seems hawkish, and the Fed sounds very dovish still. Gotta favor the upside.

Stole this from dailyfx:

Quote:
Originally Posted by dailyfx
of note is $AUDUSD 21 day ATR, which is now at its lowest since july 2007 (and led to a sharp decline)

Read more: DailyFX Forex Stream http://www.dailyfx.com/real_time_news/#ixzz0kLbSBb9j

post #349 of 617
the AUD looks like it will have a huge move to the upside over the next few months. so much momentum and stops to take out. I say parody within 3 months, perhaps within two
post #350 of 617
Quote:
Originally Posted by cire2222 View Post
the AUD looks like it will have a huge move to the upside over the next few months. so much momentum and stops to take out. I say parody within 3 months, perhaps within two
I'm with you on this one Cire. Personally I would prefer being in AUD/JPY to catch the ozzy strength.

On that note though, I am not buying in yet, just waiting for the market to signal...
post #351 of 617
Quote:
Originally Posted by cire2222 View Post
the AUD looks like it will have a huge move to the upside over the next few months. so much momentum and stops to take out. I say parody within 3 months, perhaps within two
If you don't mind, how do you personally measure momentum?
post #352 of 617
Kathy Lien gives her reasons why the AUD is bullish. Is it just me or is she super cute? I think it's the combo of asian-ness + currency lingo

http://www.kathylien.com/site/austra...ollar-and-euro
post #353 of 617
Lets see it may a clean break of .93 and then come back to touch this consolidation as support. That would be a great trade for any advancements on the aussie at this time.
post #354 of 617
Negatory, beginning to look like it can't break through.
post #355 of 617
Wish i had the capital to open a long term long position. Sitting on top of the trendline from the 07highs.
post #356 of 617
ahh i said i wouldnt use ToS commission based any more but i just gotta for risk reasons.
5k short position just opened at .9289
Stop above 320, shooting for .9205.

Night and Gl
post #357 of 617
Moved my buy limit to .9225

Edit: Changed the buy limit to enter a trail stop of +15pips at .9227bid. Maybe i can let this ride and make money while im at work.

EditEdit: 227 was never hit after the order was put in so i've been with no stop or limit for a little now. Looking to enter a trailing stop or take profit before i leave for work in the next hour, i'll post when i find out. Just got a bearish confirm on the 15min candle close, now need to close at or below that level on the current hourly candle for further conformation.
post #358 of 617
forgot to post but i put in an stop at .9271bid and .9246 target, got stoped out while at work for a 16pip gain.
post #359 of 617
Looking to enter short at .9316, put it in at 12 but never ticked up to fill before the wave of selling came in. Maybe i can get a fill this hour.

Edit to add chart:
Trying to play the resistance from the red trendline.
post #360 of 617
This is becoming one of my favorite pairs to mess with

I just entered a long at .9230
I have my target up at .9275

and oh for this one i'm doing a 1:1 limit/stop so i have my stop down at .9190
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