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AUD/USD

  • #11,201
  • Dec 9, 2009 3:37am Dec 9, 2009 3:37am
my call this morning and my trade workin out good ,, just updated possible down trend line resistance ,, possible rebound levels
9135-40 9180 9220
i would say 9180 very hard to breash , i ll short there and avergize if it move up
happy hunt guys
  • #11,202
  • Dec 9, 2009 3:44am Dec 9, 2009 3:44am
Quoting puks
I wouldn't be surprised if we run into a major resistance .9180-9220 overnight.
I like that number, the 922x. That funny little daily bucket.
forget about tomorrow, just steal away into the night
  • #11,203
  • Dec 9, 2009 3:55am Dec 9, 2009 3:55am
Quoting Jesus4748
my call this morning and my trade workin out good ,, just updated possible down trend line resistance ,, possible rebound levels
9135-40 9180 9220
i would say 9180 very hard to breash , i ll short there and avergize if it move up
happy hunt guys
forgot to pst the charts , here they r
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Dec. 09 05.47.jpg Size: 331 KB
Click to Enlarge Name: ScreenHunter_08 Dec. 09 13.49.jpg Size: 337 KB
  • #11,204
  • Edited 4:21am Dec 9, 2009 4:10am | Edited 4:21am
Quoting puks
That means more downside for EUR, AUD and GBP.

am I right?
Sorry had to catch a few zzzz's. Yeah it indicates more downside. FXCM pride themselves on the fact that their contrarian sentiment index catches turns in the market early.

I know what you mean about AUD's fundamentals but sometimes the market just does what it does. It's hard to explain (for me anyway) but as an example, there was an NFP release (I think it was November 2004) where they supposedly put 300,000 people back in work. The market initially spiked down but then ran twice the distance the other way (I was trading Cable back then). It didn't make sense to me. But it does now because the market was in an uptrend so it didn't matter what the news release was. Fundamentals are good to a point. If the market wants to go down, it's going to go down and there will be times when you say to yourself that it just doesn't make sense. That's why I had to try to become better at chart reading and that's why you will hear those posters around FF saying "follow your chart, it's all in your chart".

It's been a funny few days. NFP raised expectations for interest rate rises then Benny threw cold water on it all by talking about the formidable headwinds, then we had some risk aversion come into the market but today I see US futures are green and gold is going back up.
Nothing worth having is easy.
  • #11,205
  • Dec 9, 2009 4:19am Dec 9, 2009 4:19am
Quoting kimd
I did, too darn stubborn not too, but I just closed it and my USD/CAD short, both with a few pips. Glad I waited it out. Was sweating it there for a bit. The 4 hr made me a bit nervous. (which I normally trade on)

It feel like Friday already !!

Patience, I know I for one appreciate your input on this thread.
Nice one Kimd. Stand by your convictions. I know it can be hard when you read other's comments on a thread and they are opposing your view. I still get swayed now and again. And look at WallStBully the other night! Part of the problem is that everyone trades different timeframes and a 50 pip move in the opposite direction can be a winner for someone on small timeframes and a slight retracement for another on longer timeframes.
Nothing worth having is easy.
  • #11,206
  • Dec 9, 2009 4:32am Dec 9, 2009 4:32am
Thanks Patience. It started out as a tough year when I first began back in January. But I'm slowly coming into my own. I really appreciate this thread, there are lots of opinions and good information.. but it makes me think, why am I in the trade I'm in? Sometimes I'm still not sure.

I will be looking in the day couple of days to sell the spikes up, this daily on the gold is part of the reason.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: aud1.gif Size: 30 KB
  • #11,207
  • Dec 9, 2009 4:37am Dec 9, 2009 4:37am
DJ MARKET BEAT: AUD/USD Weakness Eyes Neckline At 0.8967

1229 GMT (Dow Jones)--Looking at the AUD/USD daily chart, a head-and-shoulders top can be seen close to completion. Weakness off the right-hand shoulder high at 0.9322 has already breached a 10-month bull support line, and threatens to test the neckline at 0.8967 on a break below 0.9017. Concerted weakness would suggest room for the support cluster based around former range highs at 0.8469. Regaining ground above the 0.9175 lower high is required to question the bearish outlook. AUD/USD is up 58 at 0.9096.
Price is what you pay. Value is what you get
  • #11,208
  • Dec 9, 2009 4:56am Dec 9, 2009 4:56am
Quoting gimmie
what's your suppurt line, .9015

round number 8900
  • #11,209
  • Dec 9, 2009 4:57am Dec 9, 2009 4:57am
Nice to see this thread live and kicking now i miss shahab8b and fammira and all the good boys and girls
  • #11,210
  • Dec 9, 2009 4:59am Dec 9, 2009 4:59am
ok back to the aussie/dollar thread let s make some pips!

average position 9060 short x4 ouch!!!
  • #11,211
  • Dec 9, 2009 5:02am Dec 9, 2009 5:02am
Hi eauyong , whats your position?
  • #11,212
  • Dec 9, 2009 5:14am Dec 9, 2009 5:14am
Hi Patience,

My chart has just given me reversal signal (going to long) on my 4H charts.

so I am expecting a move towards .9180-9220 (solid resistance). I am already nett long so I may have a bias towards long positions.

lets see how today/tomorrow AUD employment data pans out.



Quoting Patience
Sorry had to catch a few zzzz's. Yeah it indicates more downside. FXCM pride themselves on the fact that their contrarian sentiment index catches turns in the market early.

I know what you mean about AUD's fundamentals but sometimes the market just does what it does. It's hard to explain (for me anyway) but as an example, there was an NFP release (I think it was November 2004) where they supposedly put 300,000 people back in work. The market initially spiked down but then ran twice the distance the other way (I was trading Cable back then)....
  • #11,213
  • Dec 9, 2009 5:15am Dec 9, 2009 5:15am
thats it move above 9100 no more shorting as the bulls ready to take over
  • #11,214
  • Dec 9, 2009 5:17am Dec 9, 2009 5:17am
Quoting puks
Hi Patience,

My chart has just given me reversal signal (going to long) on my 4H charts.

so I am expecting a move towards .9180-9220 (solid resistance). I am already nett long so I may have a bias towards long positions.

lets see how today/tomorrow AUD employment data pans out.
give us some chart Puks
  • #11,215
  • Dec 9, 2009 5:26am Dec 9, 2009 5:26am
http://img01.imagefra.me/img/img01/1...fm_642baf7.png
  • #11,216
  • Dec 9, 2009 5:28am Dec 9, 2009 5:28am
Quoting ben10
Hi eauyong , whats your position?
projection double fibo

http://img341.imageshack.us/img341/6576/auddaily.jpg http://img341.imageshack.us/img341/a...jpg/1/w640.png

http://img341.imageshack.us/img341/5861/auddd.jpg http://img341.imageshack.us/img341/auddd.jpg/1/w667.png
  • #11,217
  • Dec 9, 2009 5:33am Dec 9, 2009 5:33am
Quoting arno
projection double fibo



http://img341.imageshack.us/img341/5861/auddd.jpg http://img341.imageshack.us/img341/auddd.jpg/1/w667.png

thanks Arno , thats really pretty chart whats the time frame are you using? so you expect she move to around 9200 and fall
  • #11,218
  • Dec 9, 2009 5:35am Dec 9, 2009 5:35am
Quoting ben10
give us some chart Puks
hi Ben,

I am using Parabolic SAR indicator on 1H chart and its closing in (reversal) at .9120.
  • #11,219
  • Dec 9, 2009 5:42am Dec 9, 2009 5:42am
Quoting ben10
thanks Arno , thats really pretty chart whats the time frame are you using? so you expect she move to around 9200 and fall
Daily pattern show weak sign ..

actually I using 2 tools,

one is : precision
another one is : accuration


here another precision confirmation


http://img248.imageshack.us/img248/4...ickproject.jpg http://img248.imageshack.us/img248/a...pg/1/w1057.png
  • #11,220
  • Dec 9, 2009 5:42am Dec 9, 2009 5:42am
she fall below 9100 now
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