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- BudFox replied May 9, 2012
Glad to see this forum is still going strong. Been sometime since I've been around. Long for now, this is an excellent support zone, especially for us swingers. A move below 2860 and i'll re-think my strategy on fiber. Looking for a move to the 3100 ...
- BudFox replied Sep 28, 2010
Thought I'd post the below chart, its pretty self explanatory. I'm not calling this a top, but it would seem we are due for a correction. The confluence of the .50 fib extension and the amount of days and pips is why I'm taking a short, also could ...
- BudFox replied Sep 24, 2010
Yes the two currently have a positive correlation, I was just pointing out that the AUD doesn't make up any part of the DX. For me I perfer the current correlation between AUD/USD and US equities. Bad news for US equities = Stronger $$ thus bounce ...
- BudFox replied Sep 24, 2010
The DX is important to watch, but the AUD isn't given any weight in its computation. Looks bearish to me though, as long as the US equities are bullish the DX will probably continue to decline.
- BudFox replied Sep 24, 2010
Definitly got that short squeeze wrong (stopped out at 9450), I'm alittle suprised we didn't see the move down today (espeically after the 1130 SPX break yesterday). Next week brings some earnings reports, could that be the catylst for bearish ...
- BudFox replied Sep 23, 2010
Very basic EW count below, I could be way wrong, I'm not much of an Elliotishan(sic?). Thoughts?
- BudFox replied Sep 23, 2010
Well, moving very well ATM. Below is my 4h chart I've been watching very closely, I'd like to see it break my SMA, which if that occurs, there could be a quick drop to ~94. The move earlier in the day i'm confident now was a shake out of the weak ...
- BudFox replied Sep 23, 2010
Late afternoon selloff in US equities ATM. Morning was very interesting, very large gap down that was filled within 2 hrs. At first it appeared SP500 was rolling over and headed for a sustainable move below 1130, not sure if that'll be the case now. ...
- BudFox replied Sep 22, 2010
Stopped out at BE on my short from last week @ just over .94, trying to short this thing again, I figure if I can keep picking good spots for fading this bad bull then at some point one of these fade trades could end up being something pretty nice, ...
- BudFox replied Sep 17, 2010
Its clearly early in the session (and I hate to speculate on how things could close) but if things hold up, I just won't be able to see a case for a legit long. ATM, double top on daily and could end up having an extremely bearish candle by days ...
- BudFox replied Sep 16, 2010
Fundamentally, well, there is a couple of risk events going on tomorrow, US AM. Technically, regarding US equities you'll notice the obvious resistance zone we are encountering now. Looks bearish to me, major resistance which we gapped up to on ...
- BudFox replied Sep 16, 2010
Good point, also look at a crude chart, looks farily bearish to me, possible move towards $72-$70 looks possible. Could end up being a HS pattern as well, time will tell.
- BudFox replied Sep 16, 2010
Possible descending triangle (not very pretty, i know). Still holding my short from two days ago, will see how PA is now that its back around 9350, a break below 9325 could bring ~9225 into play A sell off in US equities this afternoon could help ...
- BudFox replied Sep 15, 2010
Interesting spike occured a few mins ago. Anyways, I'm looking at this pair with a short bias, have already been stopped out on some previous shorts from last week, perhaps now I'll have made a profitable trade? Interesting note on the SP500 (I ...
- BudFox replied Sep 8, 2010
It appears to be ongoing, sounds like two independents will be voting with Labor in the new gov't which may give Labor the votes needed to pass a mining tax. If a mining tax becomes certain I'd expect to see weakness in this pair. My $.02
- BudFox replied Sep 1, 2010
Well, the AUD data ended up being very good, and US equities really rebounded today. Got the call wrong, this pair could be testing some highs, ~92+ pretty soon, especially if US data isn't as bad as some are expecting tomorrow and Friday. I won't ...
- BudFox replied Aug 31, 2010
Wanted to attach my SP chart. 1065-1040 is the range I see in this chart, also a TL coming up from the low in Jul '09. A break below these supports should mean a move a south for the aud/usd, of course a bounce from the TL and a rally from 1040 ...
- BudFox replied Aug 31, 2010
It seems there are enough risk events through the rest of the week that it could initiate the break down, like you say timing is very important. Hell, its hard enough to get the direction right, timing that direction is the tricky part, IMO. I've ...
- BudFox replied Aug 31, 2010
Looks like it was testing the intraday support now turned resistance, I'd keep an eye on the ES though, a meaningful break below 1040 could spell fireworks for a couple of pairs.
- BudFox replied Aug 31, 2010
SP500 has a meaningful break of 1040 this pair could drop like a rock along with the SP500. Thoughts?