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  • #5,481
  • Oct 5, 2009 11:15pm Oct 5, 2009 11:15pm
Quoting thadakman
Interesting... what exactly is the "FDate report"?
List of weekly turn dates for a list of markets. 5 of them are currencies, so I use those for futures and forex trading.

BTW, there is resistance a few ticks above .8843 as well. About 5 pips, so I'll have to give this a little more room than usual. But 10 above that and this high is going to go real high. So I have to keep my eye on this. No matter what though, the reversal is due 10/6.

  • #5,482
  • Oct 5, 2009 11:17pm Oct 5, 2009 11:17pm
Quoting fdates
List of weekly turn dates for a list of markets. 5 of them are currencies, so I use those for futures and forex trading.

BTW, there is resistance a few ticks above .8843 as well. About 5 pips, so I'll have to give this a little more room than usual. But 10 above that and this high is going to go real high. So I have to keep my eye on this. No matter what though, the reversal is due 10/6.

Here are the exact resistance levels to watch for.

Using the ADZ9 December AD$ futures contract prices, the resistance levels are .8793 (current high as I type this) and then .8798. Beyond that, it's really up there and not likely to be hit today. So I'd say that .8793 (current) or .8798 are looking pretty good for today.

  • #5,483
  • Oct 5, 2009 11:18pm Oct 5, 2009 11:18pm
Quoting fdates
List of weekly turn dates for a list of markets. 5 of them are currencies, so I use those for futures and forex trading.

BTW, there is resistance a few ticks above .8843 as well. About 5 pips, so I'll have to give this a little more room than usual. But 10 above that and this high is going to go real high. So I have to keep my eye on this. No matter what though, the reversal is due 10/6.

Where do you find the "FDate report" if you don't mind me asking?
  • #5,484
  • Oct 5, 2009 11:19pm Oct 5, 2009 11:19pm
do a search in Google for "amazing accuracy".

  • #5,485
  • Oct 5, 2009 11:21pm Oct 5, 2009 11:21pm
Quoting fdates
do a search in Google for "amazing accuracy".

Cool, thanks for the info and good luck with your short.
  • #5,486
  • Oct 5, 2009 11:29pm Oct 5, 2009 11:29pm
Currently with Europe asleep and NY "deep asleep", what do you guys think this pair will do in short term?

A lot of people said, including myself, that interest rate rise today was not a chance. Well it happened.

A lot of people said 90c before next year is not a chance, well we're within 160 pips of that mark.

Can it happen today, tomorrow or next week?
  • #5,487
  • Oct 5, 2009 11:33pm Oct 5, 2009 11:33pm
so RBA increased rates in Australia to 3.25%

this reinforces my idea that a correction is due for this pair

I doubt it will make new highs before retracing, but in case it will, it could be a false break and then slide

I am still short from 0,8760 and not worried, will add only in case it will break 0,8860 highs, limit to 0.8910

0,85 - 86 is still what I expect this week
  • #5,488
  • Oct 6, 2009 12:01am Oct 6, 2009 12:01am
Quoting fammira
so RBA increased rates in Australia to 3.25%

this reinforces my idea that a correction is due for this pair

I doubt it will make new highs before retracing, but in case it will, it could be a false break and then slide

I am still short from 0,8760 and not worried, will add only in case it will break 0,8860 highs, limit to 0.8910

0,85 - 86 is still what I expect this week
fimmira dont doubt anything just watch the previous high and wait if it goes through and stand its ground then were going higher and if it cant then its time to short for me im going to give it few hours and get a confirmation of either to short or long
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  • #5,489
  • Oct 6, 2009 12:03am Oct 6, 2009 12:03am
Quoting blue_z_zz
fimmira dont doubt anything just watch the previous high and wait if it goes through and stand its ground then were going higher and if it cant then its time to short for me im going to give it few hours and get a confirmation of either to short or long
agree !
  • #5,490
  • Oct 6, 2009 12:06am Oct 6, 2009 12:06am
Quoting blue_z_zz
fimmira dont doubt anything just watch the previous high and wait if it goes through and stand its ground then were going higher and if it cant then its time to short for me im going to give it few hours and get a confirmation of either to short or long
one thing thats making concered that it will have a hard time going past its previous high is the volume
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  • #5,491
  • Oct 6, 2009 12:10am Oct 6, 2009 12:10am
exactly, I am not sure but low volume could also allow to form a new high by a few pips

definitely a short chance in that case
  • #5,492
  • Oct 6, 2009 12:10am Oct 6, 2009 12:10am
Quoting fammira
exactly, I am not sure but low volume could also allow to form a new high by a few pips

definitely a short chance in that case
and it's just happening....
  • #5,493
  • Oct 6, 2009 12:21am Oct 6, 2009 12:21am
Quoting fdates
Yep. The longs gotta shot in the arm. BUT...it's brief indeed.

Resistance strong at .8843 area. Also, Oct 6th is big reversal day for AUD/USD.

Shorts, time to embrace the reversal NOW!!
wow its really a strong resistance i think we have a psychologist on board
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  • #5,494
  • Oct 6, 2009 12:27am Oct 6, 2009 12:27am
Quoting fammira
exactly, I am not sure but low volume could also allow to form a new high by a few pips

definitely a short chance in that case
lets wait for a couple of hourly closes above 8860 if we dont get it then i might short going to post my chart after couple of hours and my trade goodluck
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  • #5,495
  • Edited 12:54am Oct 6, 2009 12:40am | Edited 12:54am
My first short position this week, I went short in NZDUSD at .7348, the S now R from Jan,08. and an ending digonal at 30min charts, a drop at least to .7250 is on the card, Kiwi chart seems more mature to me
Attached Image(s) (click to enlarge)
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  • #5,496
  • Oct 6, 2009 12:47am Oct 6, 2009 12:47am
here is what im thinking we might have a double top in play so lets wait and see im leaning more toward a short now but going to wait for 2-3 hours before i short or no play
Attached Image (click to enlarge)
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  • #5,497
  • Oct 6, 2009 1:02am Oct 6, 2009 1:02am
first hourly close above 8860 lets see the second one now if it stands the next 2 hours im going long again buy high sell higher
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  • #5,498
  • Oct 6, 2009 1:03am Oct 6, 2009 1:03am
Quoting blue_z_zz
here is what im thinking we might have a double top in play so lets wait and see im leaning more toward a short now but going to wait for 2-3 hours before i short or no play
I believe it will retrace from a psychological .89 level. It would definitely want to to test it esp in London and NY session before retracing back to .87xx level.

a highly reliable source from one of the 4 top banks here in Australia told me right after the increase that their bank had "already priced in" the rate hike so in that case, expect the reversal.

BUT, not before making the new highs - which this pair already has.

Limit sell at .8895
  • #5,499
  • Oct 6, 2009 1:04am Oct 6, 2009 1:04am
Quoting shahab8b
technical comes first, fundomental follows..
Haha, good joke, mate. Of course the chart only looks that way because of the fundamentals.
  • #5,500
  • Oct 6, 2009 1:05am Oct 6, 2009 1:05am
Quoting shahab8b
My first short position this week, I went short in NZDUSD at .7348, the S now R from Jan,08. and an ending digonal at 30min charts, a drop at least to .7250 is on the card, Kiwi chart seems more mature to me
dont you think you reacted to soon way predict just wait for confirmation
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