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AUD/USD

  • #11,781
  • Dec 16, 2009 1:10am Dec 16, 2009 1:10am
Quoting doblece
There's also a doji on H4...
oh yes thx mate shooting star also on 15. hope it'll get low soon, if its not i'll be having disaster continuing from yesterday hehe

Quoting Leche Mocha
AUD/USD may get a runup past .91 right here.
cud u explain it
its good for me to have another knowledge.thx
Guide me please
  • #11,782
  • Dec 16, 2009 1:12am Dec 16, 2009 1:12am
i think i can anticipate now the start of wave 3 after this sudden decline , and i can call the end of wave 2 at 9192 , i see a complete head and shoulders now after it rebounded of the neckline and it ll correct it self a little bit before it falls again , i think the possible rebound levels is 9050-9100 , several fib, levels
i recommend shorting on testing resistance but not longing at all
thanks
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  • #11,783
  • Dec 16, 2009 1:15am Dec 16, 2009 1:15am
Quoting Jesus4748
i think i can anticipate now the start of wave 3 after this sudden decline , and i can call the end of wave 2 at 9192 , i see a complete head and shoulders now after it rebounded of the neckline and it ll correct it self a little bit before it falls again , i think the possible rebound levels is 9050-9100 , several fib, levels
i recommend shorting on testing resistance but not longing at all
thanks
lets see if the FEDS will boost the risk correction tonight or what
last couple of times they talked they took the dollar down , i wish i see any kind of correction to short and ride this trend down
  • #11,784
  • Dec 16, 2009 1:19am Dec 16, 2009 1:19am
Quoting Jesus4748
i think i can anticipate now the start of wave 3 after this sudden decline , and i can call the end of wave 2 at 9192 , i see a complete head and shoulders now after it rebounded of the neckline and it ll correct it self a little bit before it falls again , i think the possible rebound levels is 9050-9100 , several fib, levels
i recommend shorting on testing resistance but not longing at all
thanks
Great to see ur chart. Really help me out. Thx mate
I think the neckline around 89 n then rebound
Guide me please
  • #11,785
  • Dec 16, 2009 1:21am Dec 16, 2009 1:21am
Quoting shahab8b
thanks ben10, how is it going?
do you think .89 is gonna break till the end of the week?
Hi mate,

I am pipping OK. It appears I am getting the hang of this beast (forex market finally).

I closed some of my losing long position after a failure to break .9020 so I am now net short, aiming to break .8950-8940 today.
  • #11,786
  • Dec 16, 2009 1:30am Dec 16, 2009 1:30am
I've always heard from traders next door that AUD and EUR usually go hand in hand - the only difference could be the timing.

The great fall of EURO from 1.5164 to 1.4504 is whooping 660 pips whereas in AUD, we have only seen about 460 pips (.9104 - .8946) so looking at, we could see .8920 level tested tonight.

I am short and add double size long on the break above .9020
  • #11,787
  • Dec 16, 2009 1:36am Dec 16, 2009 1:36am
Quoting puks

I am short and add double size long on the break above .9020
If its break, what level wud be your aim mate ?
Guide me please
  • #11,788
  • Dec 16, 2009 1:36am Dec 16, 2009 1:36am
Quoting Jesus4748
lets see if the FEDS will boost the risk correction tonight or what
last couple of times they talked they took the dollar down , i wish i see any kind of correction to short and ride this trend down
It seems here lately whenever the USD makes any kind of move the FED will make a dovish comment.

I expect the same to happen this afternoon. Many are expecting an increase in the hawkishness of their statement. I do not think that is going to happen. They aint even going to think about increasing interest rates, or even taking a more hawkish tone, until the recovery is absolute and Obama gets his major Bills passed.

Dovish statement from the Fed today.
  • #11,789
  • Dec 16, 2009 1:54am Dec 16, 2009 1:54am
thx to you guys

my first position closed with 50 pips

and the second wud be closed as the neckline predict which is 8940.
Guide me please
  • #11,790
  • Dec 16, 2009 1:55am Dec 16, 2009 1:55am
Quoting adie1976
me too mate. adding short again but only lil pips. not too much knew about the pattern yet
I hope you made good points there, 8967 is major support, get out just before wait for some retracing to get back in again.... just my opinion
Find a job that you love and you dont have to work again in your life.
  • #11,791
  • Dec 16, 2009 1:56am Dec 16, 2009 1:56am
Quoting tradoholic
I hope you made good points there, 8967 is major support, get out just before wait for some retracing to get back in again.... just my opinion
ok mate i'll do that. Thx lot
Guide me please
  • #11,792
  • Edited 2:15am Dec 16, 2009 2:03am | Edited 2:15am
Be careful.. look @ H4
approaching bounce. "on daily"
took long.@ 8970
Risky. Yet had to try. sl=8900
tp=9100
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #11,793
  • Dec 16, 2009 2:07am Dec 16, 2009 2:07am
Quoting XTrade
Be careful.. look @ H4
approaching bounce.
took long.

Risky. Yet had to try. @89.7 sl=8900
tp=9100
thx lot mate, just closed b4, i'll see my chart first and then get long if its confirmed
Guide me please
  • #11,794
  • Dec 16, 2009 2:14am Dec 16, 2009 2:14am
See you at .86
  • #11,795
  • Dec 16, 2009 2:15am Dec 16, 2009 2:15am
Hi All Trader

USD will be stronger. I think Short is the best choice. any price.

Target for this week is @0.87-88.
Next 02 month : @0.82-0.83

Gday&Gtrade
I am Mr Market&Mr Trend - U following me?
  • #11,796
  • Dec 16, 2009 2:22am Dec 16, 2009 2:22am
Quoting Clouds
See you at .86
Thx mate. theres no position for a while. im just patiently wait other suggest.

Quoting tenet
Hi All Trader

USD will be stronger. I think Short is the best choice. any price.

Target for this week is @0.87-88.
Next 02 month : @0.82-0.83

Gday&Gtrade
Really good info.appreciated.
Then i've to worries my short on uj now lol
Guide me please
  • #11,797
  • Dec 16, 2009 2:26am Dec 16, 2009 2:26am
Quoting adie1976
Great to see ur chart. Really help me out. Thx mate
I think the neckline around 89 n then rebound
ur welcome
  • #11,798
  • Dec 16, 2009 2:33am Dec 16, 2009 2:33am
shorted at 0.9005 took profit at 0.8965 40 pipis at $20 per pipiy. Thanks Santa
  • #11,799
  • Dec 16, 2009 2:39am Dec 16, 2009 2:39am
Quoting adie1976
If its break, what level wud be your aim mate ?
a convincing break above .9020 will have me aim .9090-91

but I dont think its going to happen, atleast not before FOMC meeting. If FOMC is hawkish (even slightly), as expected, WELCOME .8560

If FED keeps their tone the same, bye bye .8560 and Welcome .9320
  • #11,800
  • Dec 16, 2009 2:40am Dec 16, 2009 2:40am
Quoting Clouds
See you at .86
See ya... (Perhaps next week otherwise sometime, maybe, in 2010
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