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AUD/USD

  • #9,121
  • Nov 16, 2009 1:43pm Nov 16, 2009 1:43pm
Quoting Patience
Well that was a nice stop hunt. What's that saying they say around the forum "wash and rinse"?
Actually it's "pump and dump", lol
  • #9,122
  • Nov 16, 2009 1:47pm Nov 16, 2009 1:47pm
I just saw it and replied. Way too funny.
http://cdn.forexfactory.com/images/s..._the_floor.gif

Quoting Patience
Ha, ha, ha - I just went and posted the 1 hour USDX chart on the EUR thread to wind them up and said it was just for you
  • #9,123
  • Nov 16, 2009 1:50pm Nov 16, 2009 1:50pm
Lets see if I can wrap my head around this...


Whenever Bernanke speaks the dollar tanks but when Mr. Overlord Trichet speaks the euro rockets...to add to that the guy cant speak decent english to save his life.

Perhaps Ben needs to talk with a slur and pretentious accent....

Everyone just short the dollar, fighting whats happening is futile - <takes off gloves> will join the herd.

Long Aud/Eur/Gbp/Chf/Zar/Hkd and every other currency - the dollar is doomed!

Ok... that helped - back to fighting the herd.
  • #9,124
  • Nov 16, 2009 2:16pm Nov 16, 2009 2:16pm
Hi everybody

Rememberme ?

I see another harmonic patern in this chart lets go
Attached Image (click to enlarge)
Click to Enlarge Name: butterfly AU 4 D.jpg Size: 75 KB
My English its not very well, be patient
  • #9,125
  • Nov 16, 2009 2:19pm Nov 16, 2009 2:19pm
Quoting doblece
Actually it's "pump and dump", lol
I knew I'd get it wrong - lol. Pump, dump and pump again - those marketmakers must be smiling again today.
Nothing worth having is easy.
  • #9,126
  • Nov 16, 2009 2:23pm Nov 16, 2009 2:23pm
Quoting Leche Mocha
I just saw it and replied. Way too funny.
http://cdn.forexfactory.com/images/s..._the_floor.gif
I'll make them become believers It's just gonna take time
Nothing worth having is easy.
  • #9,127
  • Nov 16, 2009 2:55pm Nov 16, 2009 2:55pm
Quoting whinos
Hi everybody

Rememberme ?

I see another harmonic patern in this chart lets go
HI Whinos,
WHich way is your butterfly flying this time?
Find a job that you love and you dont have to work again in your life.
  • #9,128
  • Nov 16, 2009 2:55pm Nov 16, 2009 2:55pm
Quoting Leche Mocha
I agree with what you are saying abut the A/U. But how did you get .9404 as your number? It stopped right there. Nice call.
based on monthly chart , most of the people tardingthis pair are really long term traders , and really often they look on monthly tf. As i said before there the trend target is closing the triangle that started with the bar after the reversal bar of the bullish trend and huge downrun. Now i am more to see 9000 tested in next 2-3-4 weeks , althought i have my opened sell at 9401
  • #9,129
  • Nov 16, 2009 4:13pm Nov 16, 2009 4:13pm
Quoting TrendExpress
based on monthly chart , most of the people tardingthis pair are really long term traders , and really often they look on monthly tf. As i said before there the trend target is closing the triangle that started with the bar after the reversal bar of the bullish trend and huge downrun. Now i am more to see 9000 tested in next 2-3-4 weeks , althought i have my opened sell at 9401
i think i ll start building a sell position , i ll sell starting 94 and every 25 pip up and wait for correction
i think i ll play this pair long in this time that nothing is certain
  • #9,130
  • Nov 16, 2009 4:13pm Nov 16, 2009 4:13pm
Quoting Jesus4748
i think i ll start building a sell position , i ll sell starting 94 and every 25 pip up and wait for correction
i think i ll play this pair long in this time that nothing is certain
and i mean long term startegy not long poisition
offcourse i ll build sell position
  • #9,131
  • Nov 16, 2009 4:28pm Nov 16, 2009 4:28pm
Quoting Jesus4748
i think i ll start building a sell position , i ll sell starting 94 and every 25 pip up and wait for correction
i think i ll play this pair long in this time that nothing is certain
Hi Jes, im still stict to my plan as long as aussie stay above 9300 im not adding short ,play the kiwi long but if the kiwi fall below 7400 im in big trouble

http://img37.imagefra.me/img/img37/1...mm_fd6b9fa.png

i hope she stay above 7400 this week
average long 7480 x5
  • #9,132
  • Nov 16, 2009 4:40pm Nov 16, 2009 4:40pm
eur/yen also nicely down on hourly chart and eur/aud still below 1.6000 so... i think the euro will weaken but still not sure as its only my gut feel do the talk (japanese yen strengh)

http://img02.imagefra.me/img/img02/1...fm_041ce84.png

i locked the gain on this one (red line/profit stop)
  • #9,133
  • Nov 16, 2009 4:53pm Nov 16, 2009 4:53pm
the plan is to go long on aud/yen as i am short eur/yen (eur/yen : aud/yen = eur/aud)!

im synthetic player wannabe but the chart formation(compression) is so tempting so just follow my chart let see where she end up

http://img01.imagefra.me/img/img01/1...bm_2e30763.png

http://www.bloomberg.com/apps/news?p...d=an8bsmHmjb0U
  • #9,134
  • Nov 16, 2009 5:01pm Nov 16, 2009 5:01pm
aussie is bleeding at 9260 x2, so does the aud/nzd cross but im happy with the plan

http://img37.imagefra.me/img/img37/1...im_c5e0ba9.png
  • #9,135
  • Nov 16, 2009 5:02pm Nov 16, 2009 5:02pm
eur/aud still on the side line
  • #9,136
  • Nov 16, 2009 5:20pm Nov 16, 2009 5:20pm
eur/yen and aud/yen short in black ready to snowball every 20 pips down


http://img39.imagefra.me/img/img39/1...8m_d30bd38.png
  • #9,137
  • Nov 16, 2009 5:23pm Nov 16, 2009 5:23pm
Quoting Patience
I knew I'd get it wrong - lol. Pump, dump and pump again - those marketmakers must be smiling again today.
Indeed !

In fact, the technical pattern is known as BARR (Bump and Run Reversal), originally acronymed BARF (for Bump and Run Formation... and the simile...) and developed by Thomas Bulkowski.

You can read some more about it here.
  • #9,138
  • Nov 16, 2009 5:27pm Nov 16, 2009 5:27pm
add more , move the profit stop to lock the gain on average position x 4

http://img38.imagefra.me/img/img38/1...5m_ed89f43.png
  • #9,139
  • Nov 16, 2009 5:31pm Nov 16, 2009 5:31pm
Quoting doblece
Indeed !

read some more about it here.
Hi Doblece, thanks for that info/link i'll save it to my pc
  • #9,140
  • Nov 16, 2009 5:36pm Nov 16, 2009 5:36pm
move some of the stop profit for the kiwi to lock some gain
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