AUD/USD

seems like im watching the paint dry here the aussie not moving, i migth try eur/yen

Hi Ben,
Aussie is not in the basket for the USDIndex. Would it still behave like the others within?

Amy ...what software do you use for your charting? and in your opinion what is the accuracy.... I saw a few you hit on the head
Thanks

I use Fibonacci trader.

I learnt to read a chart from the guy who runs the website below, i would definitely recommend this to anyone starting out. http://thetradertrading.blogspot.com/

The strategy I use is one I have developed using some of my own ideas and some i learnt from the above website, the weekly moves have a 95% probability of occuring, 77% of the time it will complete during the european session on mondays.

the support penetrated

http://img38.imagefra.me/img/img38/1...dm_fba5eaf.png

Next stop 0.9050 ?

no not really but from usd index at least i can see how strong or weak the usd is , just IMO!

HI DT just follow the price IMO!.

i just want to craft my skill in scalping thats all, mix result with this discretionary scalp but with the mechanical scalp its more easy, i guess im a natural mechanical trader.

hope you pipping too and see you all tonite !
got to go to work, Ciao!

Gold going up while AUD NZD going down !!!!!!!!!!!!!!!!!!!!!!!!!!!!!11
Euro going up as well
something wrong going up there
will wait to see things making sell and i ll post my daily chart later in couple of hours

I closed all my shorts in AUD, I am waiting for it to hit the 91.00 mark again to short it. just went short on EU/USD. Looks like that is about to fall. I am also short on GBP/USD from 1.6254. Anyone with any words of wisdom on Kiwi?

HonkKong market dropped 300 points since open. Dowjones id also dropping. ASX 200 id down about 40 points. Blood bath out there....

I still don't understand the decline in AUD. We got good USD unemployment so people decided the Fed might raise rates is the explanation I have heard. However even if they do, the yield differential will continue to be significantly in favor of AUD, an already strong economy.

I know that it doesn't matter what it "should" do, it matters what it is doing... still, all I can think is we will see a recovery Wed after the rate announcement...

Anything else I am missing to explain the decline?

I think there were two reasons for AUD's strenght. 1. Commodity prices ( Gold, Iron Ore, Coal, etc), and alck of confidence in the USD. With commodity prices getting a battering and USD's confidence restored, there is no more need to invest in AUD to earn 3% on the rates, where as that money can be made elsewhere. Also the fact that US is coming out of the "Trough"and heading towards "expansion" which simply means better earnings, higher rates, higher employment and appreciation of the currency. That is my 2 pips worth

What rate announcement are you referring to here DT ?

ok guys ,, here is my Charts for today
u might notice i changed the Elliott wave count that i anticipated before cause i have noticed some mistmatching between the possible direction of some pairs , i thought the we r in wave 3 down in the AUD which will take the price beyond 8950 but when i check the EURO and Gold chart ( i like to look at all charts at the same time to anticipate the best analysis and forecasting and it helps me sometimes to understand things i cant see in the AUD ) i see the Euro and gold went in 5 wave down with no possible recognized correction unlike the AUD which was holding very firm against the Dollar in its fresh movements , that made me reconsider this move down in AUD as i believe we gonna be seeing some correction in the gold and Euro pirce before another league down , this correction will hold and push the AUD higher to better shorting position in my prospective and that made me realize another possible count for this ABC correction and it might hit this area between the 2 dark red lines to rebound again to lower lows
i m showing in the Euro chart here that big 500 pips push down in Euro that shows that this move is out of steam and it needs correction to charge it another momentum for down movement again , i see the Euro rebounding somewhere between the 50% to 61.8% Fib. Ret. of the hole league down , which lies around 1.49 , and if that happens it ll present a very strong solid shorting position ,
at the same time if we see the price fallin beyond 1.46 in Euro that dont anticipate this analysis as invalid but still a 500 pips move down needs correction , so with the gold , but i see the correction WILL BE STRONGER IN GOLD AND EURO THAN IN AUD
the NZD shows some possiblity as well to touch the upper trendline of this downward channel with the correction in Euro and gold
on the other side which looks in proper for me that i dont expect a move up in oil as it broke and closed below 70 and thats bearish in my prospective and it might confuss the market a little bit with its move down
thats it for now
happy hunt guys

Thank you...

siboy - USD Federal Funds Rate

tradoholic - makes sense.

still hoping for recovery though!

Hoping is a bad word in trading.

WTF is that big long blue candle on the 5M ?

I'm closing all positions untill i know wtf is happening at the moment.