AUD/USD | Page 587 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #11,721
  • Dec 15, 2009 9:30am Dec 15, 2009 9:30am
I'm holding shorts from .9160 , the trend is down as far as R at .9200-.9180 holds , I think we are about to see some drastic movement according to what I see in Daily chart (the Triangle pattern) ,my personal preferenece is a break through major structural S at .89 , I see an Expanding traingle formation in DJI which in this case is bearish (it can be bullish too, according to nature of expanding traingle) but I dont see more up move in this case and I prefer to go for a bearish scenario with trend reversal, which is a very bearish bias and counterintuitive regarding all the good news coming from economy in US. my argument is the economic growth is already priced in the stock market, the up trend preceded the real economy so it's time for a deep correction.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd-2.gif Size: 12 KB
Click to Enlarge Name: audusd-3.gif Size: 10 KB
Click to Enlarge Name: dji.gif Size: 10 KB
  • #11,722
  • Dec 15, 2009 9:44am Dec 15, 2009 9:44am
Quoting Jesus4748
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...
Hi Jesus, good EW analysis , do you think it breaks through R at .9200 , that count destroys the Daily Triangle and it should move the price higher than .9408 , I prefer going for a bearish count here
  • #11,723
  • Dec 15, 2009 9:50am Dec 15, 2009 9:50am
Oops, I just saw Australia's GDP is due in a couple fo hours, I might consider taking 80 pips profit off the table and move my SL to B/E for the 2nd trade, that should provide us some nice direction and breaking this long consolidation
  • #11,724
  • Dec 15, 2009 9:59am Dec 15, 2009 9:59am
any one would like to help me over here?

thankyou


http://www.forexfactory.com/showthread.php?t=211572
  • #11,725
  • Dec 15, 2009 10:01am Dec 15, 2009 10:01am
your guess is as good as everyone elses...the 5m shows bull the hourleys are indifferent....its a crap shoot!
  • #11,726
  • Dec 15, 2009 10:05am Dec 15, 2009 10:05am
Im still in the bear count and adding to each bounce. My cycle indicator's are still showing as the earliest day for a turn is due tomorrow and can easily come a day later due to a big shift over from the uptrend.

The low of 0.8917 has to be taken out.

On a bigger timeframe this bad boy needs a little more confirmation that the intermediate high is in and we then drop into March.
  • #11,727
  • Dec 15, 2009 10:21am Dec 15, 2009 10:21am
Quoting SwissKinseb
i went long @ 0.9080 with target 0.9150
i am still holding my long position, but i change my target to 0.9110, and i try to close before AUD News.
  • #11,728
  • Dec 15, 2009 10:24am Dec 15, 2009 10:24am
Quoting swingtrader
any one would like to help me over here?

thankyou


http://www.forexfactory.com/showthread.php?t=211572

use this indicator, it might be what you are looking for
Attached File(s)
File Type: mq4 SR_Barry_Eli_MTF_ammended.mq4   7 KB | 401 downloads
  • #11,729
  • Dec 15, 2009 4:23pm Dec 15, 2009 4:23pm
Euro has reached downside targets for this week. but there is a possibility that it falls a little further today down to the 1.4470 area but i won't be trading that.

Aud is still heading to 9021, that should be reached in wednesdays session helped by weaker equity markets in Asia.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.GIF Size: 28 KB
  • #11,730
  • Dec 15, 2009 4:53pm Dec 15, 2009 4:53pm
Quoting shahab8b
use this indicator, it might be what you are looking for
Wellcome back Shahab8b good to hear from you again
  • #11,731
  • Dec 15, 2009 6:02pm Dec 15, 2009 6:02pm
Quoting ben10
Wellcome back Shahab8b good to hear from you again
HI Ben,
Whats your take on the GDP? Do you think its higher than expected? I went long on my long order buy from 9145 last night. My calculations for the top is 9110 - 9130 on the next wave up.
Find a job that you love and you dont have to work again in your life.
  • #11,732
  • Dec 15, 2009 6:05pm Dec 15, 2009 6:05pm
22:05 AUD/USD: Opens Asian Pressured By Shifting CB Expectations Sydney, December 16: The AUD was one of the worst performing currencies in the past 24 hours when USD strength was the dominant theme. The less hawkish than expected RBA Minutes yesterday contrasted with the hawkish shift in Fed expectations following much hotter than expected US PPI data. The USD had already moved higher before the PPI data led by a fall in the EUR/USD on reports that Austrian regulators placed their fourth largest bank on their "watch-list" and a sluggish German ZEW survey. The thin end-of-year markets and position adjustments exaggerated the moves, but the USD index put in a strong technical performance to help boost sentiment towards the Buck ahead of "Big Wednesday" when key US CPI data will be released ahead of the FOMC decision/statement.
The AUD/USD opens the Asia session below the top of the daily ichimoku cloud, which ascends to 0.9115 to offer resistance. Key support on the day comes in at the double bottom at 0.9015/20 made on Dec 8 & 9. Aus Q3 GDP will be released at 00:30 GMT with the median expectation for a rise of 0.4% versus a Q2 rise of 0.6%. Westpac Leading Index will be released on hour earlier and at 01:15 GMT RBA Deputy Governor Battellino will speak.
  • #11,733
  • Dec 15, 2009 6:35pm Dec 15, 2009 6:35pm
Quoting tradoholic
HI Ben,
Whats your take on the GDP? Do you think its higher than expected? I went long on my long order buy from 9145 last night. My calculations for the top is 9110 - 9130 on the next wave up.
domestic product should be up as we spent a lot also stimulus money and government spending , seems everything positive but the chart exhibit weakness on daily, yes we are still in ranging mode it should be fun .

good trading to you Tradoholic
  • #11,734
  • Dec 15, 2009 6:35pm Dec 15, 2009 6:35pm
OK thats the longest red ass candle I've seen on the 5M chart for a while!
  • #11,735
  • Dec 15, 2009 6:38pm Dec 15, 2009 6:38pm
Took all profits at 9027 even though I think we will probably see slightly lower later on. No more trading for me this week.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.GIF Size: 21 KB
  • #11,736
  • Dec 15, 2009 6:42pm Dec 15, 2009 6:42pm
Quoting amyc
Took all profits at 9027 even though I think we will probably see slightly lower later on. No more trading for me this week.
Why no more trading ?
  • #11,737
  • Dec 15, 2009 6:47pm Dec 15, 2009 6:47pm
Quoting Daytrader74
Why no more trading ?
bc i don't have anymore high probability moves this week, and i have banked 8% which is in excess of my profit targets so it seems dumb to risk it on a lower probability trade when i know from next week there will be another trade for me with 95% probability of playing out.
  • #11,738
  • Dec 15, 2009 6:52pm Dec 15, 2009 6:52pm
Quoting amyc
bc i don't have anymore high probability moves this week, and i have banked 8% which is in excess of my profit targets so it seems dumb to risk it on a lower probability trade when i know from next week there will be another trade for me with 95% probability of playing out.
Well done on banking your profit, and well done on exceeding your profit targets.
  • #11,739
  • Dec 15, 2009 6:55pm Dec 15, 2009 6:55pm
Quoting amyc
when i know from next week there will be another trade for me with 95% probability of playing out.
Make sure you share !!!
Price is what you pay. Value is what you get
  • #11,740
  • Dec 15, 2009 6:59pm Dec 15, 2009 6:59pm
Quoting Daytrader74
Well done on banking your profit, and well done on exceeding your profit targets.
Thanks
27 traders viewing now