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  • #5,261
  • Oct 4, 2009 11:52pm Oct 4, 2009 11:52pm
Quoting shahab8b
I dont like what I see, but that's the pattern, it's an Expanding Symmetrical Triagle , there is a very fast up move on the card, the target is scary, it will be .9175, and it is in accordance to the NZDUSD bullish flag , both pairs are so bullish right now.
hard to say, but at least rates say AUDNZD may go up further

New Zealand cash rate seen stable for a few months still at least
  • #5,262
  • Oct 5, 2009 12:05am Oct 5, 2009 12:05am
Quoting shahab8b
I dont like what I see, but that's the pattern, it's an Expanding Symmetrical Triagle , there is a very fast up move on the card, the target is scary, it will be .9175, and it is in accordance to the NZDUSD bullish flag , both pairs are so bullish right now.
i agree with you shahab the charts are telling us their is a pretty good chance of new highs we could see a spike up with euro markets open goodluck
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,263
  • Oct 5, 2009 12:42am Oct 5, 2009 12:42am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
i think in short term specially until end of tuesday AUD/USD is bearish down to 8500 - 8555 however from Wednesday it could be bullish and we could see new high depending on the RBA rate statement tomorrow ...

so if anyone thinking of short today ... i think it would be a good decision as long as TP before wednesday ...

i have TP at 8575 last friday and i still have some left in short position ... i will be adding more between 8750 - 8760 ...
  • #5,264
  • Oct 5, 2009 12:57am Oct 5, 2009 12:57am
Quoting G_Man
i think in short term specially until end of tuesday AUD/USD is bearish down to 8500 - 8555 however from Wednesday it could be bullish and we could see new high depending on the RBA rate statement tomorrow ...

so if anyone thinking of short today ... i think it would be a good decision as long as TP before wednesday ...

i have TP at 8575 last friday and i still have some left in short position ... i will be adding more between 8750 - 8760 ...
hi gman,

my opinion is that the highs we saw this morning might quickly be retested before going down in London and New York today

then tomorrow we could see a quick recover before the decision and gain further on Wednesday in case of rate hike

after the excitment I'd expect a good drop and profit taking on Thursday
  • #5,265
  • Oct 5, 2009 1:07am Oct 5, 2009 1:07am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting fammira
hi gman,

my opinion is that the highs we saw this morning might quickly be retested before going down in London and New York today

then tomorrow we could see a quick recover before the decision and gain further on Wednesday in case of rate hike

after the excitment I'd expect a good drop and profit taking on Thursday
i am not so worried about the rate increase cuz its very less likely ...
i am more concerned about the statement from RBA ...

what is your position?
and what is the good drop in your mind?
are we going to see a new high this week?
  • #5,266
  • Oct 5, 2009 1:17am Oct 5, 2009 1:17am
Quoting G_Man
i am not so worried about the rate increase cuz its very less likely ...
i am more concerned about the statement from RBA ...

what is your position?
and what is the good drop in your mind?
are we going to see a new high this week?
if they rise, we'll likely test recent highs and maybe break them, but in that case I would go short (at the moment I am only short EURUSD) for a drop to cut Friday's lows (if I am not wrong around 0.8560) and reach 0,85

I don't expect very big moves but a 300 pips range is still perfect for trading
sell 8850 - 89
buy 85 - 8550
  • #5,267
  • Oct 5, 2009 1:21am Oct 5, 2009 1:21am
dont try to fight the momentum
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,268
  • Oct 5, 2009 1:24am Oct 5, 2009 1:24am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting blue_z_zz
dont try to fight the momentum
can you be little bit more specific? last week you were short and said it would be long wait before we'll see 8800 again ...

what's your prediction this week ...
  • #5,269
  • Oct 5, 2009 1:25am Oct 5, 2009 1:25am
Quoting blue_z_zz
dont try to fight the momentum
never

I am just selling here to take profit lower

then could buy lower during late us session or tomorrow early japanese session to ride the potential rate hike

in case of new high, I will short again 50 - 60 pips higher cause equities and commodities will hardly support AUD in the short term
  • #5,270
  • Oct 5, 2009 1:27am Oct 5, 2009 1:27am
Quoting G_Man
can you be little bit more specific? last week you were short and said it would be long wait before we'll see 8800 again ...

what's your prediction this week ...
look at my chart g_man posted on sunday and see way i changed my mind and in trading you do not stick to you opnion if the markets tells you something else

http://www.forexfactory.com/showpost...postcount=5253
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,271
  • Oct 5, 2009 1:31am Oct 5, 2009 1:31am
[quote=G_Man;3116601]i am not so worried about the rate increase cuz its very less likely ...
i am more concerned about the statement from RBA ...

even though RBA is generally less dovish than other central banks, I don't think that even with a 0.25% we will hear any enthusiastic statement when the rest of the world is still concerned about recovery

earning season is going to start soon, that will be the best reply, USD could lose some more ground still but a pullback potency is quite high and will likely see good and strong dollar demand on November after most of US big companies released their guidances,

I am though afraid the bounce will be as strong as quick
  • #5,272
  • Oct 5, 2009 1:41am Oct 5, 2009 1:41am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting blue_z_zz
look at my chart g_man posted on sunday and see way i changed my mind and in trading you do not stick to you opnion if the markets tells you something else

http://www.forexfactory.com/showpost...postcount=5253
aha ... so you are long now ... good prediction ...

i dont do SL so i can only add .... even if i have to stick with your plan i only have one choice ...

keep TP or keep adding more ... its either my way ... or Aussie way ...
  • #5,273
  • Oct 5, 2009 1:43am Oct 5, 2009 1:43am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
i dont want Gold to be above 1000 ... whats the secret? its killing me ...

anyone knows?
  • #5,274
  • Oct 5, 2009 1:56am Oct 5, 2009 1:56am
usually corrections come when its the least expected so i think the dow wiil continue to rally either to test the top or a new top
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,275
  • Oct 5, 2009 1:56am Oct 5, 2009 1:56am
Hey Guyz! I am new to this pair and just started studying it. I prefer scalping for a couple of hours every day and also do position trading at times. Could you guyz please tell what is the time when this pair moves within a range or in other words, what are the quite hours for this pair?

Also, do you consider it as a volatile pair and with which other pair you think its co-related? Thanks in advance for your help! This thread is already helping me alot!
  • #5,276
  • Oct 5, 2009 2:23am Oct 5, 2009 2:23am
Quoting Pak Tiger
Hey Guyz! I am new to this pair and just started studying it. I prefer scalping for a couple of hours every day and also do position trading at times. Could you guyz please tell what is the time when this pair moves within a range or in other words, what are the quite hours for this pair?

Also, do you consider it as a volatile pair and with which other pair you think its co-related? Thanks in advance for your help! This thread is already helping me alot!
wait for ben10 i think he will be best to assists you as hes a scalper and a good follower of the assi pairs
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,277
  • Oct 5, 2009 2:25am Oct 5, 2009 2:25am
Quoting blue_z_zz
wait for ben10 i think he will be best to assists you as hes a scalper and a good follower of the assi pairs

Great , Thanks!! Waiting for Ben10 now :-)
  • #5,278
  • Oct 5, 2009 3:09am Oct 5, 2009 3:09am
Quoting G_Man
i dont want Gold to be above 1000 ... whats the secret? its killing me ...

anyone knows?
yes, China buying the dips, but is due for a correction

and still holding strong while China is away for holidays
  • #5,279
  • Oct 5, 2009 3:16am Oct 5, 2009 3:16am
Quoting fammira
yes, China buying the dips, but is due for a correction

and still holding strong while China is away for holidays
I am not touching this pair until tomorrow when the rate rise or stay put will finally see some solid action in this pair.

If rates dont rise, which they wont IMHO, I can see this pair trading at .8620-40 which will be a great opportunity to build long positions.

my 2 pips :-)
  • #5,280
  • Oct 5, 2009 3:32am Oct 5, 2009 3:32am
I think we all agree that 0,85-86 is good for long while 0,88 - 89 is good for short

mid range is a no play for now unless one wants to scalp it

tomorrow we'll know more about the direction, but my idea is still that even if AUD makes another high, that area is still good for short, because I doubt equities and gold can have short term further strenght to rise more
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