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AUD/USD

  • #11,701
  • Dec 15, 2009 5:07am Dec 15, 2009 5:07am
Quoting Petar_Serbia
Also long with TP 0.9130
i would long too
  • #11,702
  • Dec 15, 2009 5:11am Dec 15, 2009 5:11am
Quoting SwissKinseb
i went long @ 0.9080 with target 0.9150
You're safe my friend. AU GDP is going to come out much better than expected lifting this pair to above .9130-.9140
  • #11,703
  • Dec 15, 2009 5:12am Dec 15, 2009 5:12am
Quoting aiki_vilio
hmmmm, I'm short ... and think to be short ... very long ... my ichimoku told me that ... wish successful trading everyone
I hope you're in profit. If I were you, I would close half of my positions now and let the other half ride (put Trailing S/L or put S?L at BE) because there isn't much downside for AUD this week.

the max it can go down is about .9040
  • #11,704
  • Dec 15, 2009 5:14am Dec 15, 2009 5:14am
Oh that's much easier said than done. Who wants to see their profits evaporate in the heat of some red news?

Quoting puks
I hope you're in profit. If I were you, I would close half of my positions now and let the other half ride (put Trailing S/L or put S?L at BE) because there isn't much downside for AUD this week.

the max it can go down is about .9040
forget about tomorrow, just steal away into the night
  • #11,705
  • Dec 15, 2009 5:17am Dec 15, 2009 5:17am
Quoting puks
You're safe my friend. AU GDP is going to come out much better than expected lifting this pair to above .9130-.9140
Hi all,
back again, bit of a movement since I saw it last. To me its showing the signs of a stop removing excercise( south) before heading up. If you are long, dont forget SL. Toight one should do as there is a najor support st 9063.
I am short at the moment, will go long later on in the US session.
Find a job that you love and you dont have to work again in your life.
  • #11,706
  • Dec 15, 2009 5:18am Dec 15, 2009 5:18am
AUD is going Down today , tomorrow FED interest announcement might sent AUD to the ground, Do they will hike the rate ?

looks AUD/EURO .

there are MAJOR resistance ,good for short as well..
I am waiting ..entry after major trend broken.

PUks , are you in sydney ?
  • #11,707
  • Dec 15, 2009 5:21am Dec 15, 2009 5:21am
i m anticipating 2 counts for this move
i posted a chart this morning but u apologize as i prefere the upside movement and i unliked the penante wave 2 but i refred to it in the post
i m showing in the chart below to possible reactions if we see the price holding on this trend line , it might form a penante with ABC X ABC count or it might be a start of wave C of wave 2 and it ll move up the penate , i would prefere to wait and see how the market will react and set plans on it rather than lookin much forward cause i m very confussed with this look when i look to other pairs that continued the 5 wave move and still need a big ABC correction like the chf and euro , and that will stress on the count of the upside probability of the AUD to Over 92 level
Attached Image (click to enlarge)
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  • #11,708
  • Dec 15, 2009 5:25am Dec 15, 2009 5:25am
Quoting arno
AUD is going Down today , tomorrow FED interest announcement might sent AUD to the ground, Do they will hike the rate ?

looks AUD/EURO .

there are MAJOR resistance ,good for short as well..
I am waiting ..entry after major trend broken.

PUks , are you in sydney ?
its very unlikely for me to see the Fed hiking the rate tomorrow but they might give a slight positive lanugauge when talking about the futur rates
  • #11,709
  • Dec 15, 2009 5:26am Dec 15, 2009 5:26am
Quoting arno
AUD is going Down today , tomorrow FED interest announcement might sent AUD to the ground, Do they will hike the rate ?

looks AUD/EURO .

there are MAJOR resistance ,good for short as well..
I am waiting ..entry after major trend broken.

PUks , are you in sydney ?
Here is what I believe is happening:::

After a bout of good results in US (which IMHO is because Xmas), combined with fears from Euro zone and thin volume of december + Profit taking has ignited this short term rally in US$. A lot of traders are expecting FED to change the tone of their statement and expecting them to remove "rates to remain low for extended period of time" line from their statement. FED, IMHO, would keep the same dovish tone which will result in US$ selloff.

On the flip side, if fed indeed remove that notion, then expect a lot of long squeeze in the market and it will truly be a trend reversal in commodity currencies with AUD to reach .85-86 level and EU to approach 1.41-1.42xx levels.
  • #11,710
  • Dec 15, 2009 6:01am Dec 15, 2009 6:01am
Guys,

Its almost Christmas. Don't you think its time to give forex a rest? Trading volume will be very low and the market will be unpredictable.
I'm taking a break until the 2nd week in January.

Here's your opportunity to spend time with your friends and family instead of with the computer.
  • #11,711
  • Dec 15, 2009 6:12am Dec 15, 2009 6:12am
Quoting Jesus4748
i would long too
Looks very risky trade for me,but i took and risk about 25 pips in that trade,this is point C.I usulay dont trade in this way,trade just with good Buterfly or Gartley but i will try now...If i loose this trade i will not trade in this way
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #11,712
  • Dec 15, 2009 6:32am Dec 15, 2009 6:32am
Quoting Petar_Serbia
Looks very risky trade for me,but i took and risk about 25 pips in that trade,this is point C.I usulay dont trade in this way,trade just with good Buterfly or Gartley but i will try now...If i loose this trade i will not trade in this way
Yea risky trade and lost 25 pips...Defenitly no trade if you dont see any good patern..

Cheers guys
"Buy on fear, sell on greed !!!
  • #11,713
  • Dec 15, 2009 6:44am Dec 15, 2009 6:44am
Quoting Jesus4748
thats for joining my blog , i think it wont be possible to post a chart there but u can post it here for me

ok i'll do that.
Success consists of going from failure to failure without loss of enthusiam
  • #11,714
  • Dec 15, 2009 8:02am Dec 15, 2009 8:02am
Quoting Petar_Serbia
Looks very risky trade for me,but i took and risk about 25 pips in that trade,this is point C.I usulay dont trade in this way,trade just with good Buterfly or Gartley but i will try now...If i loose this trade i will not trade in this way
i said i would long but i didnt long as my trade strategy this time is to only short on rallies and not risk longing even if i m sure of a rebond , i cant capture every moment in the market and i would rather wait seeing it going up and short than long and see it drop 100s of pips
i have a chart i believe will be very close to whats happening but i ll post it after 2 hours when i see what will the s&p 500 do in reaction to the news
i have been posting everyday morning a chart that has been right for 2 weeks now and today i posted a bad chart and that is bothering me and i wanna make it up with a smart post within 2 hours
  • #11,715
  • Dec 15, 2009 8:08am Dec 15, 2009 8:08am
Quoting Jesus4748
i said i would long but i didnt long as my trade strategy this time is to only short on rallies and not risk longing even if i m sure of a rebond , i cant capture every moment in the market and i would rather wait seeing it going up and short than long and see it drop 100s of pips
i have a chart i believe will be very close to whats happening but i ll post it after 2 hours when i see what will the s&p 500 do in reaction to the news
i have been posting everyday morning a chart that has been right for 2 weeks now and today i posted a bad chart...
Ok I'll wait another 2 hours for your chart and not sleep
  • #11,716
  • Dec 15, 2009 8:12am Dec 15, 2009 8:12am
look like it bounced of the uptrend line and is going up... hope the news will not spoil this move....
Attached Image (click to enlarge)
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  • #11,717
  • Dec 15, 2009 8:40am Dec 15, 2009 8:40am
Quoting NikolasII
look like it bounced of the uptrend line and is going up... hope the news will not spoil this move....
entered the market 40min after the news came out... a bit missunderstanding by the time zones...ughh.
  • #11,718
  • Dec 15, 2009 8:43am Dec 15, 2009 8:43am
Quoting NikolasII
entered the market 40min after the news came out... a bit missunderstanding by the time zones...ughh.
also a 4h graph has a nice bar formation,looks like favoring/promising to the bullies...
  • #11,719
  • Dec 15, 2009 9:03am Dec 15, 2009 9:03am
Quoting Daytrader74
Ok I'll wait another 2 hours for your chart and not sleep
thanks m8 , s&p 500 opened up on downtrend ,, need to watch the next hour to see if it ll break down and bounce or not then i can build my analysis
  • #11,720
  • Edited 9:36am Dec 15, 2009 9:12am | Edited 9:36am
Quoting puks
You're back Shahab8b. Where have you been? Uni exams or something?

How's pipping going?
Hi Puks, I've been busy with final exams & some papers to write, I'm done now :-)
the market has been nice to me so far, I just traded short EURUSD ,Aussie and Long CADUSD which have made some good profit.
how about you?
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