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AUD/USD

  • #9,341
  • Nov 18, 2009 11:04pm Nov 18, 2009 11:04pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting vincy balboa
hey bro 8900 .. any good plan..

i agree the Bottom of The AUSUSD,,, 8900,, but any another Plan do you see ..
not a specific one mate ... i just try to play safe when it comes to long ... i also dont do SL so dont wanna get in too early ...

support at 9200 doesnt look very strong ...but i could be completely wrong ... we may see 9500 before we see 8500 ...
  • #9,342
  • Nov 18, 2009 11:08pm Nov 18, 2009 11:08pm
Quoting G_Man
not a specific one mate ... i just try to play safe when it comes to long ... i also dont do SL so dont wanna get in too early ...

support at 9200 doesnt look very strong ...but i could be completely wrong ... we may see 9500 before we see 8500 ...
so we see 9500 ..

so where did you think the bull star?
DRAGON-TECHNICAL ANALYSIS!
  • #9,343
  • Nov 18, 2009 11:09pm Nov 18, 2009 11:09pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting franco73
seeing that aud is at 9230 or so would it be crazy to enter now and target the 8900?

cheers
very crazy !!! ...
  • #9,344
  • Nov 18, 2009 11:16pm Nov 18, 2009 11:16pm
Quoting franco73
so at this point wait for it to hit rock bottom and prepare to long?

cheers
not exactly

both sides trading opportunity prevail, in the last weeks we saw pump and dump moves, in the last sessions the opposite seems to happen

so try to visualize daily high and low, sell high and buy low

for today (don't trade this is just my idea) we could see highs at 0.9305 and lows at 0,9170

do your paperwork and trade accordingly
  • #9,345
  • Nov 18, 2009 11:24pm Nov 18, 2009 11:24pm
also remember that the medium daily range is around 150 pips

75 - 100 pips can be seen in low volatility days

200 - 225 pips can be seen in high volatility days, news or data release

this range can be useful to catch both sides trade opportunity
  • #9,346
  • Nov 18, 2009 11:28pm Nov 18, 2009 11:28pm
thankx guys very insightful

cheers
NOTHING VENTURED, NOTHING GAINED
  • #9,347
  • Nov 18, 2009 11:29pm Nov 18, 2009 11:29pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting vincy balboa
so we see 9500 ..

so where did you think the bull star?
everyone talks about parity but i dont think its gonna happen for atleast next couple of months ...

ATM (and as you know every week is a new week) if we see 9500 ... i will be more comfortable going short than going long at 9200 ... i could be completely wrong ...
  • #9,348
  • Nov 19, 2009 1:22am Nov 19, 2009 1:22am
Quoting G_Man
everyone talks about parity but i dont think its gonna happen for atleast next couple of months ...

ATM (and as you know every week is a new week) if we see 9500 ... i will be more comfortable going short than going long at 9200 ... i could be completely wrong ...
Hi Guys,
Just a quick thought, formation of A,B and C ( C being low 9220) has already happened. ( I think many are waiting for C to complete below 9200). It is now on the way bakc up. If it crosses 9257 I think it will not come back again shortly. We may see 9300 again tonight depending on the news from US session. I am long from 9237. MY SL from before got me out at 9249
Find a job that you love and you dont have to work again in your life.
  • #9,349
  • Nov 19, 2009 1:33am Nov 19, 2009 1:33am
Quoting tradoholic
Hi Guys,
Just a quick thought, formation of A,B and C ( C being low 9220) has already happened. ( I think many are waiting for C to complete below 9200). It is now on the way bakc up. If it crosses 9257 I think it will not come back again shortly. We may see 9300 again tonight depending on the news from US session. I am long from 9237. MY SL from before got me out at 9249
im no expert, but i tend to agree, it seemed to have bounced off S3 and headed north, im hoping for it to head up and break through S2 real soon
NOTHING VENTURED, NOTHING GAINED
  • #9,350
  • Nov 19, 2009 1:38am Nov 19, 2009 1:38am
Head and Shoulder pattern in H1 chart.

There might be more downside coming.
Attached Image (click to enlarge)
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  • #9,351
  • Nov 19, 2009 2:02am Nov 19, 2009 2:02am
S3 broken on aud/usd, i think we might be in for quite a slide
NOTHING VENTURED, NOTHING GAINED
  • #9,352
  • Nov 19, 2009 2:06am Nov 19, 2009 2:06am
Quoting franco73
S3 broken on aud/usd, i think we might be in for quite a slide
Gee I only mentioned that 3 hours ago.
  • #9,353
  • Nov 19, 2009 2:09am Nov 19, 2009 2:09am
Quoting sinner-
Gee I only mentioned that 3 hours ago.
does it make you feel clever, knocking someone whos is only learning big man?
NOTHING VENTURED, NOTHING GAINED
  • #9,354
  • Nov 19, 2009 2:13am Nov 19, 2009 2:13am
Quoting franco73
does it make you feel clever, knocking someone whos is only learning big man?
Wasn't aimed at you specific so don't take offense, this thread is just funny contrarian indicator.

Everytime someone goes bull it's time to short and opposite (me included).

Last night shorting gold at 47 and close above 50 hehe now tonight ABCD patterns coming out left right center she about to go up they say.

Quote
don't sell low, try to sell higher

if it goes down and your order is not filled, just wait, there are opportunities every day
Was just saying in the E/U thread, I trade breakouts only and they are funny because everybody thinks they are a terrible place to sell or buy (because you are buying high and selling low) but when they work everyone wishes they had bought or sold there...

Short from the blue line.

Already made more than my normal daily profits on this breakout...5 mins work 3 hours ago to place the order, filled and in less than 30 mins my account up +6%

EDIT: +10 more just as I typed this.
Attached Image (click to enlarge)
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  • #9,355
  • Nov 19, 2009 2:18am Nov 19, 2009 2:18am
Quoting sinner-
Wasn't aimed at you specific so don't take offense, this thread is just funny contrarian indicator.

Everytime someone goes bull it's time to short and opposite (me included).

Last night shorting gold at 47 and close above 50 hehe now tonight ABCD patterns coming out left right center she about to go up they say.

Was just saying in the E/U thread, I trade breakouts only and they are funny because everybody thinks they are a terrible place to sell or buy (because you are buying high and selling low) but when they work everyone wishes they had...
thats cool bro, you i trade with pivots , so r1,2,3 and s1,2,3 are my trading lines, and boy am i having fun

cheers
NOTHING VENTURED, NOTHING GAINED
  • #9,356
  • Nov 19, 2009 2:18am Nov 19, 2009 2:18am

Just though I would give you a quote from March this year, the so called guru call from Morgan Stanley/ TD Securities

Seems that they were all slightly incorrect to say the least, the same guru's are calling fro parity maybe this time they are wrong as well.

"Target AUD/USD 0.5300 By Year End -Morgan Stanley"


Morgan Stanley FX strategists targeting AUD/USD to touch 0.5300 by year end, mainly on negative macro dynamic of contacting growth, external deficits. Notes while force of position unwinding has come to an end, the "speed and magnitude" of decline could be increased by any uptick in domestic financial strains, rollover risks of Australia's debt burden, possible need to recapitalize bank subsidiaries in New Zealand. "Conversely, the key challenges to our view are related to the China's stimulus effects and the heightened demand for gold if there is a global inflation scare."


AUD Should Break Below 0.6000 - TD


"With the RBA far from finishing the interest rate cutting cycle and a likely interest rate spread compression still unfolding, we are looking for the AUD to break below 0.6000," says TD Securities economist Stephen Koukoulas
  • #9,357
  • Nov 19, 2009 2:19am Nov 19, 2009 2:19am
Quoting franco73
thats cool bro, you i trade with pivots , so r1,2,3 and s1,2,3 are my trading lines, and boy am i having fun

cheers
i only wish i had a larger live account, so i could trade in larger lots
NOTHING VENTURED, NOTHING GAINED
  • #9,358
  • Nov 19, 2009 2:21am Nov 19, 2009 2:21am
Quoting franco73
thats cool bro, you i trade with pivots , so r1,2,3 and s1,2,3 are my trading lines, and boy am i having fun

cheers
So you are only using D1 P+S/R? You should also use week and month PSR.

Other good levels are yesterday high low OHLC, weekly OHLC, daily and each session open (aka central pivot), and fib of the last complete daily wave.

For low TF I ignore ALL of those and just use M15 MML levels.

reform, can I posted that on another forum? Good find.
  • #9,359
  • Nov 19, 2009 2:25am Nov 19, 2009 2:25am
Quoting sinner-
So you are only using D1 P+S/R? You should also use week and month PSR.

Other good levels are yesterday high low OHLC, weekly OHLC, daily and each session open (aka central pivot), and fib of the last complete daily wave.

For low TF I ignore ALL of those and just use M15 MML levels.

reform, can I posted that on another forum? Good find.
i downloaded a file on here its called fib pivots, it calculates yesterdays h,l and close for me, it also shows them on the top left hand corner of my charts
NOTHING VENTURED, NOTHING GAINED
  • #9,360
  • Nov 19, 2009 2:27am Nov 19, 2009 2:27am
Quoting sinner-
So you are only using D1 P+S/R? You should also use week and month PSR.

Other good levels are yesterday high low OHLC, weekly OHLC, daily and each session open (aka central pivot), and fib of the last complete daily wave.

For low TF I ignore ALL of those and just use M15 MML levels.

reform, can I posted that on another forum? Good find.
it also automatically plots central pivot, r1,2,3 and s1,2,3 each day
NOTHING VENTURED, NOTHING GAINED
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