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-   -   AUD/USD (https://www.forexfactory.com/showthread.php?t=95260)

Wulfgar Oct 16, 2012 5:46pm | Post# 54081

U dont think it would happen before?
No, the US elections mean a lot..you hang onto your AJ longs since we never broke the 80.65 bud??

Compulsive Oct 16, 2012 5:47pm | Post# 54082

[quote=Compulsive;6104541]Only Time will tell

Out and licking my wounds

4rextrader Oct 16, 2012 5:47pm | Post# 54083

No, the US elections mean a lot..you hang onto your AJ longs since we never broke the 80.65 bud??
Ya i still got them...so ill just hold on to them

Wulfgar Oct 16, 2012 5:49pm | Post# 54084

Ya i still got them...so ill just hold on to them
eyes on the 81.35/42 next.... just keep playing the ranges... mindful for the larger TF reversal patterns....

100PipsADay Oct 16, 2012 5:56pm | Post# 54085

eyes on the 81.35/42 next.... just keep playing the ranges... mindful for the larger TF reversal patterns....
I'm glad I closed out my shorts a few hours ago...

Took a big loss but would have been worse had I held on!

4rextrader Oct 16, 2012 5:58pm | Post# 54086

I'm glad I closed out my shorts a few hours ago...

Took a big loss but would have been worse had I held on!
Do you think it will reverse substantially sometime soon? Its been going up for awhile now with no decent retracement

100PipsADay Oct 16, 2012 6:06pm | Post# 54087

Do you think it will reverse substantially sometime soon? Its been going up for awhile now with no decent retracement
I am now leaning towards more upside potential all the way until elections. AUD just broke through some major resistance (1.0285) which should now act as support.

I will look to long AUD/JPY on the pullbacks as I see AUD now heading higher as well as USD/JPY. This seems to be the best move at this time.

Closed my EUR/AUD long for about 80 pips and will now look for an opportunity to short it.

sidhujag Oct 16, 2012 6:26pm | Post# 54088

I am now leaning towards more upside potential all the way until elections. AUD just broke through some major resistance (1.0285) which should now act as support.

I will look to long AUD/JPY on the pullbacks as I see AUD now heading higher as well as USD/JPY. This seems to be the best move at this time.

Closed my EUR/AUD long for about 80 pips and will now look for an opportunity to short it.
broke 1.03 but retreated now... needs to take it out before london again otherwise downside should be tested.

staffpro Oct 16, 2012 6:41pm | Post# 54089

canada is in bad shape aswell lots of debt, huge deficit, ontario is in more debt per capita than california http://www.canadafreepress.com/index.php/article/48627

100PipsADay Oct 16, 2012 6:42pm | Post# 54090

broke 1.03 but retreated now... needs to take it out before london again otherwise downside should be tested.

4rextrader Oct 16, 2012 6:49pm | Post# 54091

About to take it out I see...lol almost there

Wulfgar Oct 16, 2012 6:58pm | Post# 54092

Don't go shorting this thing yet guys

It knifed right through major resistance after a major compressive bull flag....par shorts or its gonna be a pre Halloween bloodbath

Ken A Oct 16, 2012 7:06pm | Post# 54093

I am now leaning towards more upside potential all the way until elections. AUD just broke through some major resistance (1.0285) which should now act as support.

I will look to long AUD/JPY on the pullbacks as I see AUD now heading higher as well as USD/JPY. This seems to be the best move at this time.

Closed my EUR/AUD long for about 80 pips and will now look for an opportunity to short it.
Plan to long EUR/JPY on pullback. If it breaks daily resistance around 103.50 might net thousand of pips.

Ken A Oct 16, 2012 7:09pm | Post# 54094

canada is in bad shape aswell lots of debt, huge deficit, ontario is in more debt per capita than california http://www.canadafreepress.com/index.php/article/48627
Yep. Good for U/CAD might see parity soon if Crude remains below $90.

gnomoneey Oct 16, 2012 7:21pm | Post# 54095

Don't go shorting this thing yet guys

It knifed right through major resistance after a major compressive bull flag....par shorts or its gonna be a pre Halloween bloodbath
I'm going to post a chart later tonight when I get back home to my computer. I'll show you certain pivots n waves that you can keep in mind when trading this pair.

I'm still on my long from 1.0230 taken Sunday.

100PipsADay Oct 16, 2012 7:52pm | Post# 54096

Plan to long EUR/JPY on pullback. If it breaks daily resistance around 103.50 might net thousand of pips.
This is exactly what I'm thinking...

Look at the USD/JPY weekly chart, already formed a nice round bottom. Couple that with the fundamentals and we could see a major reversal with JPY cross pairs!

I will look to long AUD/JPY for the time being and will add different cross pairs as we go.

This entire year the JPY should have been weakening, but I think they were waiting for the Eurozone crisis to "blow over" before setting up the bullrun on JPY cross pairs. In my opinion, it is starting now.

sidhujag Oct 16, 2012 8:00pm | Post# 54097

canada is in bad shape aswell lots of debt, huge deficit, ontario is in more debt per capita than california http://www.canadafreepress.com/index.php/article/48627

Canada is fine... banks didnt lend to any tom dick and hairy that had a job.... and now even more strict... China might have an effect but overall its ok.. expecting to grow.

sidhujag Oct 16, 2012 8:00pm | Post# 54098

broke 1.03 but retreated now... needs to take it out before london again otherwise downside should be tested.
Done... strength proven.. entire market is up

bogus Oct 16, 2012 8:04pm | Post# 54099

Hopefully this is the start of a decent trend on this pair.

4rextrader Oct 16, 2012 8:07pm | Post# 54100

Done... strength proven.. entire market is up
up up and away


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