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AUD/USD

  • #6,121
  • Oct 8, 2009 11:05am Oct 8, 2009 11:05am
Quoting blue_z_zz
i have 2 trades pending short @9088 and the other is on the mean 9133
lol ok buddy see you tommorrow, ciao!
  • #6,122
  • Oct 8, 2009 11:06am Oct 8, 2009 11:06am
Possible Head & shoulder at 1 m in chart, I'll try to close all my three shrot position at .9030
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 15 KB
  • #6,123
  • Oct 8, 2009 11:06am Oct 8, 2009 11:06am
Quoting Pak Tiger
Now what! Where do we go from here? WHat are the chances of seeing 9030's again today? Will it drop below 9050 tonight? I'm continuing my shorts from 9029,9041 & 9069!!
pak you now way i have chosen 9088 for my top because it is the 261.8 fibo projection from the last pull back on my hourly chart
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #6,124
  • Oct 8, 2009 11:07am Oct 8, 2009 11:07am
Quoting shahab8b
Head & shoulder at 1 m in chart
can you you post the chart shahab plzz because i cant see it
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #6,125
  • Oct 8, 2009 11:09am Oct 8, 2009 11:09am
That nice rise in AUD came from rumors that the RBA may raise rates 50bps in November... careful shorting guys... the only way the dollar is going to get any meaningul bounce is this:

1. The fed surprises and raises rates early.
2. We Finally get a nice correction in the stock market.
3. Israel attacks Iran.

All of these are possibilities for a mean USD pop (and possible USD uptrend if anything can stick); I'm slowly building a short position in NZD to take advantage of this and leaving AUD alone for now.
  • #6,126
  • Oct 8, 2009 11:11am Oct 8, 2009 11:11am
guys am i the only one thinking that this move is not rational ? i know markets can remain irrational more than we can stand , but who is buying at these levels is beyond my comprehension...i hold shorts and add as we go up, i dont use leverage so dont care much i can stand a 400 pip loss without bleeding to death but i dont justify this move...i would like to hear you regulars..thanks
  • #6,127
  • Oct 8, 2009 11:11am Oct 8, 2009 11:11am
Alcoa came out with better than expected earnings; but the stock isn't really hanging on to gains; it's only up 2.67% right now from around 8% in the pre-market...

Depending on what other companies do earnings wise (more importantly, forecast wise), we may finally get that correction in stocks or clear the way for 10,000-10,500 on the DOW... now that I think a lot of people are just giving up on the downside, the move (for a nice correction) is quickly approaching.
  • #6,128
  • Oct 8, 2009 11:11am Oct 8, 2009 11:11am
Quoting blue_z_zz
can you you post the chart shahab plzz because i cant see it
I added to my previous post, but it seems she deosnt want to break the neckline
  • #6,129
  • Oct 8, 2009 11:13am Oct 8, 2009 11:13am
Quoting blue_z_zz
pak you now way i have chosen 9088 for my top because it is the 261.8 fibo projection from the last pull back on my hourly chart
Great blue! You seem to have picked the top correctly whereas i missed it...anyhow, if it can retrace back to 9030s before end of day today, then i'll close all my 3 positions!! Lets c!!
  • #6,130
  • Oct 8, 2009 11:16am Oct 8, 2009 11:16am
Quoting thadakman
That nice rise in AUD came from rumors that the RBA may raise rates 50bps in November... careful shorting guys... the only way the dollar is going to get any meaningul bounce is this:

1. The fed surprises and raises rates early.
2. We Finally get a nice correction in the stock market.
3. Israel attacks Iran.

All of these are possibilities for a mean USD pop (and possible USD uptrend if anything can stick); I'm slowly building a short position in NZD to take advantage of this and leaving AUD alone for now.
from my point of view i think what boosted the AUD up today is the unexpected huge boost in the employment change ,, they created 40k job in a month ,, very very very unexpected , and when it came negative last time it pushed it down 80 pip , but when it came positive this time it pushed it high for 100pip cause it was very unexpected
the most optimistic number wouldnt have been even close to the actual number
  • #6,131
  • Oct 8, 2009 11:19am Oct 8, 2009 11:19am
Hope to hear your opnion
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  • #6,132
  • Oct 8, 2009 11:22am Oct 8, 2009 11:22am
eeerrr, it seems I sold at a bullish pennet
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Click to Enlarge Name: aud.gif Size: 15 KB
  • #6,133
  • Oct 8, 2009 11:22am Oct 8, 2009 11:22am
Quoting kegra
guys am i the only one thinking that this move is not rational ? i know markets can remain irrational more than we can stand , but who is buying at these levels is beyond my comprehension...i hold shorts and add as we go up, i dont use leverage so dont care much i can stand a 400 pip loss without bleeding to death but i dont justify this move...i would like to hear you regulars..thanks
well , i think so too , i think its justified cause of the huge positive on the employment change report but there is over reaction from the market ,, i said it before that i believe it lll hit 0.95 before the big fall and that will be around dec. but i didnt expect a hit for 91 this month
and what is making it weard that its still going up !!!!!!!!!!!!
  • #6,134
  • Oct 8, 2009 11:34am Oct 8, 2009 11:34am
Blue,
Can you post a chart?
I've never gone out that far with my fibs.
Congrats on your good T/A.

Quoting blue_z_zz
pak you now way i have chosen 9088 for my top because it is the 261.8 fibo projection from the last pull back on my hourly chart
  • #6,135
  • Oct 8, 2009 11:34am Oct 8, 2009 11:34am
if 9088 stands i going to open a psychic hotline looooooooooooooool
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #6,136
  • Oct 8, 2009 11:39am Oct 8, 2009 11:39am
Quoting Leche Mocha
Blue,
Can you post a chart?
I've never gone out that far with my fibs.
Congrats on your good T/A.
sure leche i will post but give me couple of hours plzz
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #6,137
  • Oct 8, 2009 11:41am Oct 8, 2009 11:41am
I have figured out how to go out that far with Fibs on my platform now. Thanks showing me that feature though.

Quoting blue_z_zz
sure leche i will post but give me couple of hours plzz
  • #6,138
  • Oct 8, 2009 11:44am Oct 8, 2009 11:44am
Quoting Leche Mocha
I have figured out how to go out that far with Fibs on my platform now. Thanks showing me that feature though.
nice
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #6,139
  • Oct 8, 2009 2:36pm Oct 8, 2009 2:36pm
its so quite today seem all shorted to early and mybe miss margin was knocking
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #6,140
  • Oct 8, 2009 2:40pm Oct 8, 2009 2:40pm
Quoting blue_z_zz
its so quite today seem all shorted to early and mybe miss margin was knocking
I think you might be right! I am long (though at too high levels) and am staying that way as daily, monthly and weekly charts aren't showing resistance for at least another 100 pips or so. That said, I am buying dips into 9000-9050.

Happy pipping all!
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