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AUD/USD

  • #6,241
  • Oct 9, 2009 8:13am Oct 9, 2009 8:13am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
i have got erverything else except Patience and Profit ...

well, its clear that she is gonna drop ... why doesnt she just do it ...
  • #6,242
  • Oct 9, 2009 8:13am Oct 9, 2009 8:13am
Quoting Kristo
I'm still short and have been for a few weeks now. I finally managed to profitably close my last few longs that I have been holding since July last year, so I am finally net short the market.
Hi Kristo, any opinion where is she gonna land before take off again?
  • #6,243
  • Oct 9, 2009 8:27am Oct 9, 2009 8:27am
Quoting G_Man
i have got erverything else except Patience and Profit ...

well, its clear that she is gonna drop ... why doesnt she just do it ...
Forex trade really puts your patience to the test. dont panic and you will get there. Dont put it on auto-pilot either.
Find a job that you love and you dont have to work again in your life.
  • #6,244
  • Oct 9, 2009 8:28am Oct 9, 2009 8:28am
I just closed one of my short positions with little profit, still keeping two shorts alive. Lets c where it ends!!
  • #6,245
  • Oct 9, 2009 8:28am Oct 9, 2009 8:28am
Quoting G_Man
i have got erverything else except Patience and Profit ...

well, its clear that she is gonna drop ... why doesnt she just do it ...
G'day G_MAN, i got profit but no patience
  • #6,246
  • Oct 9, 2009 8:28am Oct 9, 2009 8:28am
Quoting ben10
Hi Kristo, any opinion where is she gonna land before take off again?
Hi Ben10,

90 Psych level, Monthly Pivot and Weekly R2 is a bit to get through but first historical resistance turned support is 89.50 which is where I think is the first real test of support. The climb from 86 has been extremely steep on my chart, so we may see a deeper retracement, possibly down to 88.50.
If there is ever any doubt then there is no doubt.
  • #6,247
  • Oct 9, 2009 8:29am Oct 9, 2009 8:29am
My first post here, Hi everybody, I think we need lower low on gold before aud will weaken against usd. Was short from 9051 and took my profit at 9041.
  • #6,248
  • Oct 9, 2009 8:30am Oct 9, 2009 8:30am
huge spike in gold, testing new high
  • #6,249
  • Oct 9, 2009 8:31am Oct 9, 2009 8:31am
Sorry daily high
  • #6,250
  • Oct 9, 2009 8:36am Oct 9, 2009 8:36am
8hr chart shows the ferocity of the upmove.
Attached Image
If there is ever any doubt then there is no doubt.
  • #6,251
  • Oct 9, 2009 8:38am Oct 9, 2009 8:38am
Good analysis. Makes sense.

Quoting Kristo
Hi Ben10,

90 Psych level, Monthly Pivot and Weekly R2 is a bit to get through but first historical resistance turned support is 89.50 which is where I think is the first real test of support. The climb from 86 has been extremely steep on my chart, so we may see a deeper retracement, possibly down to 88.50.
  • #6,252
  • Oct 9, 2009 8:38am Oct 9, 2009 8:38am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Kristo
Hi Ben10,

90 Psych level, Monthly Pivot and Weekly R2 is a bit to get through but first historical resistance turned support is 89.50 which is where I think is the first real test of support. The climb from 86 has been extremely steep on my chart, so we may see a deeper retracement, possibly down to 88.50.
this is similar of what i think too ... 8860 - 8900is where we'll finish of ...

US and JP Holiday on Monday ... it would be interrsting ...
  • #6,253
  • Oct 9, 2009 8:42am Oct 9, 2009 8:42am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
NASDAQ 1001714.53-3.26 http://content.nasdaq.com/images/red...mall-index.gif 0.19%
NASDAQ 100 PMI1716.81-0.98 http://content.nasdaq.com/images/red...mall-index.gif 0.06%
NASDAQ 100 AHI1718.630.84 http://content.nasdaq.com/images/gre...mall-index.gif 0.05%
  • #6,254
  • Oct 9, 2009 8:43am Oct 9, 2009 8:43am
Let's hope it is rejected and takes a nice dip to aid us shorts
Never been vouched
  • #6,255
  • Oct 9, 2009 8:46am Oct 9, 2009 8:46am
Quoting Kristo
Hi Ben10,

90 Psych level, Monthly Pivot and Weekly R2 is a bit to get through but first historical resistance turned support is 89.50 which is where I think is the first real test of support. The climb from 86 has been extremely steep on my chart, so we may see a deeper retracement, possibly down to 88.50.
thanks Kristo you always helpful as always!
  • #6,256
  • Oct 9, 2009 8:47am Oct 9, 2009 8:47am
Quoting G_Man
NASDAQ 1001714.53-3.26 http://content.nasdaq.com/images/red...mall-index.gif 0.19%
NASDAQ 100 PMI1716.81-0.98 http://content.nasdaq.com/images/red...mall-index.gif 0.06%
NASDAQ 100 AHI1718.630.84 http://content.nasdaq.com/images/gre...mall-index.gif 0.05%

This article is also interesting.... for full report go to www.bloomberg.com

Bernanke Comments
The dollar held earlier gains following the report, propelled by comments from Federal Reserve Chairman Ben S. Bernanke that the central bank is ready to raise interest rates once the economy improves. The dollar rose the most against the Japanese yen in two months, bringing it to 89.03 at 8:44 a.m. in New York. Stock-index futures held earlier losses.
Exports increased 0.2 percent to $128.2 billion, led by a $496 million gain in sales of cars and parts. Exports to Canada reached the highest level since November, in part reflecting the cross-border trade in autos.
A falling dollar, by making U.S.-made goods cheaper to foreign buyers, is likely to stimulate foreign demand in coming months. The dollar yesterday fell toward its lowest level since August 2008 against the currencies of six major U.S. trading partners.
Imports fell 0.6 percent to $158.9 billion in August after jumping the prior month by the most in 16 years. Purchases of crude oil from overseas dropped as the U.S. imported 8.66 million barrels a day on average, down from 9.56 million in July. The average price per barrel rose to $64.75 from $62.48.
Find a job that you love and you dont have to work again in your life.
  • #6,257
  • Oct 9, 2009 8:52am Oct 9, 2009 8:52am
Quoting ben10
thanks Kristo you always helpful as always!
No probs. I'm also keeping an eye on Aud/Jpy which has been providing nice support to the Aussie but it's approaching the top of its recent range of 81-82. I tend to trade both in tandem for the swap.
Attached Image
If there is ever any doubt then there is no doubt.
  • #6,258
  • Oct 9, 2009 9:07am Oct 9, 2009 9:07am
Quoting Kristo
8hr chart shows the ferocity of the upmove.
as the fast move slowing and now in cosolidation phase , are you some how liken the idea she might fall as fast as she rise?

http://img03.imagefra.me/img/img03/2...8m_bc80a17.png
  • #6,259
  • Oct 9, 2009 9:10am Oct 9, 2009 9:10am
I have made my share of PIPs for the day. Off to bed ( 1:40 am here in Sydney). Good luck all. See you all monday.
Find a job that you love and you dont have to work again in your life.
  • #6,260
  • Oct 9, 2009 9:13am Oct 9, 2009 9:13am
Quoting tradoholic
I have made my share of PIPs for the day. Off to bed ( 1:40 am here in Sydney). Good luck all. See you all monday.
nite buddy
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