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AUD/USD

Quoting Clouds
yes or low .60s
clouds the bears leader - Big Bear
Quoting yahzeex
clouds wat do u mean 70"s???
doesn't matter really where it ends up, but it's going down right now, on all large time-frames - so until that changes, it's gonna keep going down. i can make prediction though and say it go to .60
or .48 2000 low.
Quoting Clouds
once this .86 is broken, there's not much support until maybe the high 70's.
Attachment
high 70's? what is that means?
Quoting yeri
high 70's? what is that means?
i meant .70 sorry
What do you guys feel about non farm and unemployment? Those are scary . I dunno, I feel like unemployment might be lower than expected. I have no reasoning whatsoever behind it so don't ask. I just have one of those old fashioned feelings
just sharing my thoughts


Quoting forex3e
... let the wedge run its course ... ..

a-yen has satisfy the wedge run 76.25 , its also what i term as "a silly clown design" famous for false break before returning back inside the triangle , this is what i would look out for but i could be wrong

good trading

and

good luck
Quoting Clouds
yes or low .60s
I got stopped out. That is what I get for not waiting for a candle to close below my TF. The dollar is still way far from falling under the TF so it beats me right now. Anyway have fun, just for the heck of it, I might just take a trade on my wife's mini-lot account for one 10,000 dollar lot and let it ride short just to see if your right. Until then I am going to go watch Cartman at the bank again to cheer me up.
Quoting Ducci
I got stopped out. That is what I get for not waiting for a candle to close below my TF. The dollar is still way far from falling under the TF so it beats me right now. Anyway have fun, just for the heck of it, I might just take a trade on my wife's mini-lot account for one 10,000 dollar lot and let it ride short just to see if your right. Until then I am going to go watch Cartman at the bank again to cheer me up.
sorry to hear you got stopped out, i really do not think it will touch .87 tonight, too many sellers before it, it was same things with euro last night, it hovered right below the 1.39 figure and dropped 200 pips

.85 is likely tomorrow
Quoting Daytrader74
Yeah you and me both missed all the action because we were damn sleeping !!
I honestly prefer a healthy brain and body over any amount of pips you can think of.

Do not like to stay up waiting for a trade.

I monitor the market from Sydney interbank open until an hour or so into New York.

If no signal occurs for me during this period - I am not concerned - will wait for the next setup tomorrow.

Worst thing a trader can do: wake up - see they missed a big overnight move - and try and jump in on it.

Just wait for your setup
Quoting sinner-
I honestly prefer a healthy brain and body over any amount of pips you can think of.

Do not like to stay up waiting for a trade.

I monitor the market from Sydney interbank open until an hour or so into New York.

If no signal occurs for me during this period - I am not concerned - will wait for the next setup tomorrow.

Worst thing a trader can do: wake up - see they missed a big overnight move - and try and jump in on it.

Just wait for your setup
I agree Sinner, NEVER jump in after a big move, you will nearly always regret it, there are always more oppertunities right around the corner!
Price is what you pay. Value is what you get
if its wrong to jump in after a big move than its right to go against that big move. hahaha just like what happen to aud/usd last nite. no offence guys but sometimes its true.

best of luck for tonites nonfarm thingy

I am bettin the dow to go down...
what do u guys think?
cheers
as a rule when the cci(10) falls below -300 a countertrend relief rally wll follow shortly.... such extremes are somewhat rare......

lowertime frames have been improving since cci breached that -300 today.... rsi also hit an extreme low on the same bar.....higher timeframes still lookin negative......

subject to change of course......h
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 62 KB
to trade and code, keep both simple... no call to impress....h
RBA stated they wont hike rates for a few months at least, that will move the pair down.
Im a zombie.. "Rawr"
Quoting defariak
RBA stated they wont hike rates for a few months at least, that will move the pair down.
when did they say that
during their monetary policy statement today
Im a zombie.. "Rawr"
Quoting defariak
during their monetary policy statement today
this says the opposite
http://www.cnbc.com/id/35249746
No, that doesnt say opposite.
That is an excerpt from when he was saying that they would need to be raised but not for now, that this pause will be for quite a while and that GDP will remain 3.25 for 2010 & 3.50 for 2011
Im a zombie.. "Rawr"
Quoting defariak
No, that doesnt say opposite.
That is an excerpt from when he was saying that they would need to be raised but not for now, that this pause will be for quite a while and that GDP will remain 3.25 for 2010 & 3.50 for 2011
oh ok, good. homeowners must be happy in aussie land.
[quote=john2301;3433806]if its wrong to jump in after a big move then its right to go against that big move. hahaha just like what happen to aud/usd last nite. no offence guys but sometimes its true.

Yeah sometimes this is true, but it is very risky trading, not recommended at all unless you love to gamble. And if you love to gamble then don't trade cause you will lose in the end. (This is not directed at you john2301, please don't take offence) I just don't want any newbies to think that after a big drop like last night price will scream straight back up again.
Price is what you pay. Value is what you get
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