AUD/USD | Page 597 | 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

  • #11,921
  • Dec 16, 2009 10:52pm Dec 16, 2009 10:52pm
It might be interesting...pressure on short
Trader from Croatia
  • #11,922
  • Dec 16, 2009 11:07pm Dec 16, 2009 11:07pm
Quoting shahab8b
I'm sure you know the major support at .89 is just broken, you have a strong heart
Shouldn't it bounce just a little from a major support?

I am expecting a bounce to about .8950 before going down.
  • #11,923
  • Dec 16, 2009 11:28pm Dec 16, 2009 11:28pm
Quoting G_Man
Very true! Good one Mate.
Success consists of going from failure to failure without loss of enthusiam
  • #11,924
  • Dec 16, 2009 11:33pm Dec 16, 2009 11:33pm
Quoting puks
Shouldn't it bounce just a little from a major support?

I am expecting a bounce to about .8950 before going down.
I closed my longs, and am net short now. Europe is coming on board now, their reaction will probably be negative to the market. I think since most of the supports are taken out, we will have another journey down to 8870, and if that is taken then 8810 will be the place for a u turn. Good luck anyway!
Find a job that you love and you dont have to work again in your life.
  • #11,925
  • Dec 17, 2009 12:14am Dec 17, 2009 12:14am
Been scalping longs but am short A/U
  • #11,926
  • Dec 17, 2009 1:05am Dec 17, 2009 1:05am
is this mean the end of bullish trend..i mean for this month. but i notice aussie used to go down every early December and end up high at the near end. so im still hoping for christmas give
  • #11,927
  • Dec 17, 2009 1:24am Dec 17, 2009 1:24am
euro i think is still in trouble... eur/usd looks very bearish to me. usd index is still very bullish.
Success consists of going from failure to failure without loss of enthusiam
  • #11,928
  • Dec 17, 2009 2:53am Dec 17, 2009 2:53am
it's like the trajectory of a ball, bounce bounce bounce, 3rd time now @ 8875, will it break through the floor? lol
  • #11,929
  • Dec 17, 2009 3:35am Dec 17, 2009 3:35am
fourth approach now
  • #11,930
  • Dec 17, 2009 3:39am Dec 17, 2009 3:39am
Gold heading back down currently 1119.70.....
  • #11,931
  • Dec 17, 2009 3:59am Dec 17, 2009 3:59am
Quoting OvT
fourth approach now
I think it will clear it this time.
Find a job that you love and you dont have to work again in your life.
  • #11,932
  • Dec 17, 2009 4:20am Dec 17, 2009 4:20am
Quoting tradoholic
I think it will clear it this time.
Clear it as in head up or further down ?
  • #11,933
  • Dec 17, 2009 4:21am Dec 17, 2009 4:21am
oh yeah im member now, no need to wait for check to post
tat's really some strong support, bounced off 4th approach. does that mean there are a lot of buy orders there? tight range too, maybe ppl waiting for USD announcements?
  • #11,934
  • Dec 17, 2009 4:41am Dec 17, 2009 4:41am
AUD looks like an impulse wave down from high at 0.94. In Elliot wave we may be 3rd of 3rd which means we might go straight to 0.87, bounce to 0.8945, then fall to around 0.8450 - that would be very tidy!
Hey, it my first post! Let's see what happens
  • #11,935
  • Dec 17, 2009 4:48am Dec 17, 2009 4:48am
looks like the ball has gone through the floor now
  • #11,936
  • Dec 17, 2009 5:04am Dec 17, 2009 5:04am
Careful with shorts now, it's just approaching the 100 sma at around 8845. I think that's the last support that will hold it, if that breaks then it's good to go for 85-86.
  • #11,937
  • Dec 17, 2009 5:08am Dec 17, 2009 5:08am
but in 20 mins the unemployment claims will shake things up a bit?
  • #11,938
  • Dec 17, 2009 5:08am Dec 17, 2009 5:08am
Quoting peetee09
AUD looks like an impulse wave down from high at 0.94. In Elliot wave we may be 3rd of 3rd which means we might go straight to 0.87, bounce to 0.8945, then fall to around 0.8450 - that would be very tidy!
Hey, it my first post! Let's see what happens

Sound like experinced point of view from new joiner to this forum,can you post this wave count for discussion?

Cheers
  • #11,939
  • Dec 17, 2009 5:51am Dec 17, 2009 5:51am
This is my potential wave count on AUD. It may not be the only solution, but its seems valid, and seems five wave impulsive.
cheers
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 17Dec09.JPG Size: 63 KB
  • #11,940
  • Dec 17, 2009 6:17am Dec 17, 2009 6:17am
Go on Shake that money tree for dady
73 traders viewing now