I will be watching 9633/36 for a short term long scalp if the opportunity presents itself...
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EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
DislikedI don't believe this thing is going back to 92 let alone 88 let alone low 80's that some bears are praying for. I think we may see slight pullback but just another opportunity to load long. Bears are turning to bulls and as I've always stated, things aren't that bad down under. Furthermore, the farcical debt resolution and the "to come" tapering will not do much to slow down aussie. It's has been somewhat factored in but don't be suprised that official tapering is good for worldwide economies not just US. We may not see US dollar strength as predicted...Ignored
DislikedUS Non-Farm Payroll report for September to be released on Tuesday October 22ndIgnored
Disliked{quote} There are many opinions flying around about whether or not the Aussie is ready to reverse course. From my perspective, it could very well go higher from here(after a correction to alleviate the divergence and O/B conditions at current levels), but according to my EW count, we are definitely heading back down at some point. It may end up being a double bottom as a truncated 5th wave, but down nonetheless. The upside limit (after a correction) would be near parity. {image}Ignored
Disliked{quote} Thanks for explanation, agree to disagree. Can I ask, what would your assessment be if a currency is showing all positive fundamentals current and near-mid term future but your EW analysis is saying short? I'm not into EW nor do I personally put any validity in it as there are a million different interpretations, time frames, excuses etc by those that use it but I would be interested to know what you would do. (no offence meant) The only way your analysis is correct Piptrapper is if there are thousands upon thousands of others who have that...Ignored
Dislikedwondering how long will I shut down the pc after that H1 pinbar off 200 daily ema? {image}Ignored
Disliked{quote} The Euro showed all negative fundamentals until the recent green shoots started to emerge, while at the same time the US economy was showing much more strength and promise. However, look where the Euro is priced. Therefore your argument about how the fundamentals will lead the way are not as solid as we both would like. Look, I'm with you on how the capital should flow from weaker economies into stronger ones, but unfortunately the CBs currently have a monopoly on which currencies get to zero first. RBA's Stevens is determined to devalue...Ignored
Disliked{quote} Calm down Pip, I actually have given detailed reasons more than 3 times in this thread. I'm not saying your wrong. I just disagree, and if you want to listen to the worst reserve bank governor in history then I wish you all the best. Heck, my preference would be for us to see 92 even 88 as a stretch and I will happily load up long again as I did last 2 months all the way to where i said we would be. I think we may get a small pullback around where we are now even up to 9700 but we will see 1.00-1.03 before we break 88 (if we break..). But...Ignored
Disliked{quote} LOL No worries. I'm calm. I guess I missed your previous posts where you offered up a case for the bulls. In fact I was calling for a major correction up to 9500/9600 back in early September based on the confirmed inverted H/S and was even speculating a correction in August after completion of the B wave (at 8900) of this correction. My calls were dismissed. By the way, those calls were mostly based on technicals and a speculation that Stevens would not cut rates because the markets lowered the Aussie for him already. If you wish, I can...Ignored
Disliked{quote} It's all good. LOL asking about fxtyrant. YOu might be right that he took a hit with this sustained up move but hopefully not too big a hit.Ignored
Disliked{quote} It's all good. LOL asking about fxtyrant. YOu might be right that he took a hit with this sustained up move but hopefully not too big a hit.Ignored
Disliked{quote} soo?? Bullish engulfing near the top of the range is the best candles to fade! Now bullish engulfing at the bottom of range is the best for hints of reversal.Ignored
Disliked{quote} This was his final rant two days ago. I hope he's okay. {quote}Ignored