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AUD/USD

  • #9,941
  • Nov 27, 2009 2:26am Nov 27, 2009 2:26am
Quoting >Apocalypto<
US interbank is open tonight mate..... this could really get interesting . I had an idea of the aud at .85 but I did not think it would happen in possibly one week!

see what happens.

CHECK OUT SPOT GOLD BOYS GETTING SMASHED! 1146.82!!!!!!
Hi, I didnt mean interbank but NYSE & NASDAQ, but I just checked, it's said " The NYSE Trading Floor will close early on Friday, November 27, 2009 (the day after Thanksgiving) The Trading Floor will close at 1:00 p.m. " , so you are right.
  • #9,942
  • Nov 27, 2009 2:32am Nov 27, 2009 2:32am
Quoting Jesus4748
guys ,, did anyone visit the EUR forum here ,, and the other forums
its obvious that here is the best room in this website ,, we r all giving analysis and ideas and sharing bussiness talk but on EUR as example
its always like a msn chat lol ppl dont talk about the market and have concentration on bussiness and give nice analysis and trade aideas as here
i really enjoy talkin here
ben , shahab , paks ,pathient , fammine ,and lots of ppl really making it a successfull forum
I totally agree with what you said, I trade EUR/ too but I wont post there, I'd like to post even my EUR trades here but I'm not sure if others like it
  • #9,943
  • Nov 27, 2009 2:33am Nov 27, 2009 2:33am
long at 0,8962

hedge to sell below lows at 0,8940

we could see around 0,90 first
  • #9,944
  • Nov 27, 2009 2:35am Nov 27, 2009 2:35am
I saw DAX and FTSE 100 opened with a gap to the down, it means we really will see a Black Friday when the US session opens,
  • #9,945
  • Nov 27, 2009 2:38am Nov 27, 2009 2:38am
Quoting shahab8b
I saw DAX and FTSE 100 opened with a gap to the down, it means we really will see a Black Friday when the US session opens,
please excuse my ignorance but can you fill me on what you mean by black friday?

cheers
NOTHING VENTURED, NOTHING GAINED
  • #9,946
  • Nov 27, 2009 2:44am Nov 27, 2009 2:44am
im astonished at how the nzd is holding up compared to the others
NOTHING VENTURED, NOTHING GAINED
  • #9,947
  • Nov 27, 2009 2:45am Nov 27, 2009 2:45am
I am waiting for 9025 to begin selling. It seems like aussie wont recover soon. Targets 8910 and lower.
From fundamental side it may be caused by bad news from UAE. They have troubles with estate now,but a lot of banks put their money in this projects. We can see a correction to 8600. Than, if Fed wont change rates (15-16 december) there will be a possibility that ppl will risk again. What do you think about it,guys?
  • #9,948
  • Nov 27, 2009 2:49am Nov 27, 2009 2:49am
Quoting shahab8b
I totally agree with what you said, I trade EUR/ too but I wont post there, I'd like to post even my EUR trades here but I'm not sure if others like it
It can be a problem with some posters who just want to concentrate on the AUD which is a shame because this is a nice thread and I don't think it does any harm to talk about other aspects and currencies of the market. At least we've managed to sneak gold in regularly and nobody seems to mind so far. But I'm all for diversifying the thread and you won't hear any objections from me.
Nothing worth having is easy.
  • #9,949
  • Nov 27, 2009 2:49am Nov 27, 2009 2:49am
thats a possible count that i m considering now ,, might change it later cause i m not 100% sure of it
shahab i have euro analysis too and i trade it , i captured 100 pip down from 5020 to 4920 today ,, we can share our charts here for the euro too
i never even comment in the euro forum i dont like it there
anyways ,, i m not quite sure of this count but it makes sense to me not to long it but to short it after the ABC correction ,
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  • #9,950
  • Nov 27, 2009 2:53am Nov 27, 2009 2:53am
Quoting shahab8b
I saw DAX and FTSE 100 opened with a gap to the down, it means we really will see a Black Friday when the US session opens,
today Wall Street is not trading, I think there will be limited drop though I am almost sure we'll see new daily lows

already closed my longs with 30 pips, don't dare to ask too much for this market...
  • #9,951
  • Nov 27, 2009 2:59am Nov 27, 2009 2:59am
Quoting Letos
I am waiting for 9025 to begin selling. It seems like aussie wont recover soon. Targets 8910 and lower.
From fundamental side it may be caused by bad news from UAE. They have troubles with estate now,but a lot of banks put their money in this projects. We can see a correction to 8600. Than, if Fed wont change rates (15-16 december) there will be a possibility that ppl will risk again. What do you think about it,guys?
well i have 2 views for what happened technical and fundmental
i was the only one here who forecast this move with charts posted yesterday before the move down
firstly dubai news was the catalyst for it but not the main reason ,, from my opinion as technically i see us tested the daily trend line 2 times in 2 days without a boost higher to the upper channel and that means when it tested it the first time it didnt catch enought momentum as it used to do since july and lunched higher to at least hit the upper channel ,, but it went back after 1 day to test it again and then went higher ,, that means its getting weaker ,,, and the NZD broke the daily trend line couple of days ago and thats a good referal that the AUD will break it too ,, and that make me do the elltiot waves analyisis based on a wave 3 down to break the daily trend line and i was sure that we wont make a new high and we will just complete a correction of a clear clean 3 wave from the daily trend line and it was forminga head and shoulder as well
sooo it was very easy to read from the charts and that what i was refering to for 2 days before it happened
the RSI showed a very clean div, too within the last 3 and 5 wave up ,, that was a strong referal too

secondly
we have seen some slight development in the fund. coming out of the states
we have seen strong solid home sales and strong recovery in the unemployment claims and that could refer to better numbers in other fundmentals coming out later

DUbai was a catalyst for this break ,, its like the market was losing the momentum and the stomach for rally up and it was waiting for something strong to tell them to sell there longs on to the same time

and the most of all
STRONG REVERSALS HAPPENS WHEN EVERYONE IS LOOKING HIGH ,, IT COMES DOWN ,, so when i have seen everyone here talking about new year highs and very optimisitc and they didnt even see the clean strong market fund. and charts signs ,, i knew something unexpected will happen
  • #9,952
  • Nov 27, 2009 3:02am Nov 27, 2009 3:02am
Quoting franco73
please excuse my ignorance but can you fill me on what you mean by black friday?

cheers
Black Friday is a term used to refer to the Friday after Thanksgiving, where Xmas sales usually start.

http://en.wikipedia.org/wiki/Black_F...%28shopping%29

But I think the original poster might be saying something else..
  • #9,953
  • Nov 27, 2009 3:05am Nov 27, 2009 3:05am
the dubai news was known on Wednesday as well.....

same old story, market creates bullish and bearish sentiment alternatively to earn more money on both sides

add some simple technical levels (high and lows as support and resistances), play safe with strict rules and you will make it, may be
  • #9,954
  • Nov 27, 2009 3:08am Nov 27, 2009 3:08am
Quoting Jesus4748
well i have 2 views for what happened technical and fundmental
i was the only one here who forecast this move with charts posted yesterday before the move down
firstly dubai news was the catalyst for it but not the main reason ,, from my opinion as technically i see us tested the daily trend line 2 times in 2 days without a boost higher to the upper channel and that means when it tested it the first time it didnt catch enought momentum as it used to do since july and lunched higher to at least hit the upper channel ,, but it went back after 1 day...
Agree with you. I was confused by Fed's comments. They clearly told yhat we shouldnt wait for changing rates till 2010 at least.Thats why i was sure aussie will make a new high.But now I see that it is impossible. I am just looking for a good position to go short)
  • #9,955
  • Nov 27, 2009 3:08am Nov 27, 2009 3:08am
Quoting Jesus4748
well i have 2 views for what happened technical and fundmental
i was the only one here who forecast this move with charts posted yesterday before the move down
firstly dubai news was the catalyst for it but not the main reason ,, from my opinion as technically i see us tested the daily trend line 2 times in 2 days without a boost higher to the upper channel and that means when it tested it the first time it didnt catch enought momentum as it used to do since july and lunched higher to at least hit the upper channel ,, but it went back after 1 day...
i hope one day i to will have this knowledge
NOTHING VENTURED, NOTHING GAINED
  • #9,956
  • Nov 27, 2009 3:09am Nov 27, 2009 3:09am
Quoting swampthing
Black Friday is a term used to refer to the Friday after Thanksgiving, where Xmas sales usually start.

http://en.wikipedia.org/wiki/Black_F...%28shopping%29

But I think the original poster might be saying something else..
ok cool thanks
NOTHING VENTURED, NOTHING GAINED
  • #9,957
  • Nov 27, 2009 3:15am Nov 27, 2009 3:15am
Quoting franco73
i hope one day i to will have this knowledge
thanks man
in this bussiness if u wanna take it seriously and make safe money out of it , u need to keep learning ,, while ur trading u should always keep the book open and keep listening to others and learn from there analysis
thats the key of learning
when u think that u know enought ,, and close ur book and start to play others analysis ,, u get screwed up
its very helpfull to think and understand ( very importante ) how others analysis the market
thats why i love this forum
i m learning from lot of ppl here and they r learning from me
was just trying to figure out the butterfly thing that i have seen fammira using and some others
was just trying to study it 2 days ago
always keep ur book and ears open
  • #9,958
  • Nov 27, 2009 3:17am Nov 27, 2009 3:17am
Quoting Patience
It can be a problem with some posters who just want to concentrate on the AUD which is a shame because this is a nice thread and I don't think it does any harm to talk about other aspects and currencies of the market. At least we've managed to sneak gold in regularly and nobody seems to mind so far. But I'm all for diversifying the thread and you won't hear any objections from me.
Hi Patience

Totally agree. Then again, why don’t you start a thread. I’m sure it would grow. What was that movie? If you build it, they will come.

PS. I think your ID (Patience) sums up a major component of successful trading.

A51
  • #9,959
  • Nov 27, 2009 3:19am Nov 27, 2009 3:19am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting fammira
the dubai news was known on Wednesday as well.....

same old story, market creates bullish and bearish sentiment alternatively to earn more money on both sides

add some simple technical levels (high and lows as support and resistances), play safe with strict rules and you will make it, may be
are you still holding gold?

i got out at 139 ... now i am a happy man for rest of the year ...
  • #9,960
  • Nov 27, 2009 3:20am Nov 27, 2009 3:20am
Quoting Letos
Agree with you. I was confused by Fed's comments. They clearly told yhat we shouldnt wait for changing rates till 2010 at least.Thats why i was sure aussie will make a new high.But now I see that it is impossible. I am just looking for a good position to go short)
i dont understand why ppl think that the currency wil only recover if rates goes up ,, thats not a practial rule at all
i would have thought the same but sometimes the rally stops and breaks the daily trend line and consolidate or breaks down just because it ran out of steam or profit collection or just some other fundmentals ,, there is alot of things that can change the trend direction ,, not only the rates
best prove is ,, when the RBA added 25% to the AUD rates ,, first time it spoked it up and supported the rally ,, second time it went down on the same day with more than 100 pip althought it was a rate up change ,,,, rates is nothing but a strong fundmental news but its not everything
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