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AUD/USD

  • #13,721
  • Jan 17, 2010 3:51pm Jan 17, 2010 3:51pm
G'day traders,

Right now, at 8.49 am in Sydney, AUD is trading at .9205 and EUR is trading at 1.4341.

AUD closed the week at .9230 and EUR at 1.4385

So, yeah tell me after about half an hour that EUR has opened down with a gap of 40+ pips and AUD has opened with a gap of 20+ pips.

So, gap down? Yeah right......
  • #13,722
  • Jan 17, 2010 3:54pm Jan 17, 2010 3:54pm
Quoting puks
G'day traders,

Right now, at 8.49 am in Sydney, AUD is trading at .9205 and EUR is trading at 1.4341.

AUD closed the week at .9230 and EUR at 1.4385

So, yeah tell me after about half an hour that EUR has opened down with a gap of 40+ pips and AUD has opened with a gap of 20+ pips.

So, gap down? Yeah right......
at 8:00am Sydney time the Aud was at .9222 and the euro was at 1.4382 so again they both opened in almost the same place as they closed. agreed puks.
  • #13,723
  • Jan 17, 2010 4:13pm Jan 17, 2010 4:13pm
Quoting amyc
at 8:00am Sydney time the Aud was at .9222 and the euro was at 1.4382 so again they both opened in almost the same place as they closed. agreed puks.
AUD is at .9213 and EUR is at 1.4360
  • #13,724
  • Jan 17, 2010 4:15pm Jan 17, 2010 4:15pm
G'day Geppyg,

Great analysis. Thanks for that.

Agreed. I will enter short at .9165 and but will have limit buy orders at .9175 for a 15 pip scalp and 15 pip S/L.

It should bounce from .9170 atleast once but I could be wrong.



Quoting Geppyg
Currently I am sure that we are oversold on the aussie:
1. Daily Candles showing me a double top formation
2. Weekly candles showing me a top has almost been formed..
3. 4 hourly showing me a nice double top formation.

Lets Trade the extreme trades as I always say.

First trade would be touch of the weekly trendline so lets keep and eye on this and also the dollar index simultaneously.

Good Luck Peter,
I really appreciate your humbleness in you message back to myself.

I wish you all the best for 2010

For the Other Traders ...
If the [font=tahoma][size=2]4...
  • #13,725
  • Jan 17, 2010 4:47pm Jan 17, 2010 4:47pm
Quoting puks
G'day Geppyg,

Great analysis. Thanks for that.

Agreed. I will enter short at .9165 and but will have limit buy orders at .9175 for a 15 pip scalp and 15 pip S/L.

It should bounce from .9170 atleast once but I could be wrong.
Hi Puks,

The one difference that i see in you compared to a lot of traders is that you are prepared to listen and learn, not every one is right...but you have picked up on the right things from traders and applied it.

As I have said before....I really hate these pocket money traders who post ...I am short at this and I am long at this without an sl and tp..aimless throwing darts in the air....

I try to aim for the perfect trade....so if it goes wrong I dont feel the physcological pain..that a lot of traders go through...

I was going to post the gap trade on aussie...but as you can see all the things I have mentioned fit the long to be taken pre market...ONLY FOR GAP TRADE.

Anyway Good Luck
Best Regards
Let Price determine your future!
  • #13,726
  • Jan 17, 2010 4:53pm Jan 17, 2010 4:53pm
I am currently short at 9220 and looking to tp at 9162. I will only hold my longterm shorts past 9162 this week.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.GIF Size: 21 KB
  • #13,727
  • Jan 17, 2010 5:03pm Jan 17, 2010 5:03pm
My logic to long at the ltl and utl with tight stops..
Attached Image (click to enlarge)
Click to Enlarge Name: aud4hn.gif Size: 24 KB
Let Price determine your future!
  • #13,728
  • Jan 17, 2010 5:29pm Jan 17, 2010 5:29pm
Thanks mate. Your help has been quite valuable too and it helps people like me understand a lot of things in this market.

Cheers and Happy trading.




Quoting Geppyg
Hi Puks,

The one difference that i see in you compared to a lot of traders is that you are prepared to listen and learn, not every one is right...but you have picked up on the right things from traders and applied it.

As I have said before....I really hate these pocket money traders who post ...I am short at this and I am long at this without an sl and tp..aimless throwing darts in the air....

I try to aim for the perfect trade....so if it goes wrong I dont feel the physcological pain..that a lot of traders go through...

I was going to post...
  • #13,729
  • Jan 17, 2010 5:33pm Jan 17, 2010 5:33pm
Quoting Banksia
Hi Tradoholic,

Congratulations on doing so well! Could you please tell me if your financial astrology work has been very involved. I have thought about looking at it in the past but thought that it would be a lot of work and I did not have a clue where to start and if it would be worth it. I would really appreciate if you could give me your thoughts on this and point me in the direction of where to begin checking this stuff out.

Many thanks,
Banksia
Don't waste your time on it. It's all nonsense.
  • #13,730
  • Jan 17, 2010 5:38pm Jan 17, 2010 5:38pm
Good day traders. Looks like we'll have wait a 24-period for movement.
  • #13,731
  • Jan 17, 2010 5:46pm Jan 17, 2010 5:46pm
I will send you the daily analysis..

Cheers
Let Price determine your future!
  • #13,732
  • Jan 17, 2010 6:20pm Jan 17, 2010 6:20pm
Quoting Clouds
Good day traders. Looks like we'll have wait a 24-period for movement.

On another note, I gotta take my hat off to you for last weeks analysis of gold.

You pretty much spotted the turning points bang on. I would've missed it if you didn't post up a chart on it. So kudos to you and much appreciated http://cdn.forexfactory.com/images/icons/icon7.gif...
  • #13,733
  • Jan 17, 2010 6:27pm Jan 17, 2010 6:27pm
Quoting Banksia
Hi Tradoholic,

Congratulations on doing so well! Could you please tell me if your financial astrology work has been very involved. I have thought about looking at it in the past but thought that it would be a lot of work and I did not have a clue where to start and if it would be worth it. I would really appreciate if you could give me your thoughts on this and point me in the direction of where to begin checking this stuff out.

Many thanks,
Banksia
Hi Banksia,
Thanks. As I mentioned it was one of those rare days. I have my charts with live feed from Esignal, I also have some indicators that I have modified to suite my trading ideas. I dont follow astrology blindly. Having said that, there are some astrological aspects that are indeniably important and affect the market strongly. One of them was the eclipse on Friday and its effect on the market. I still believe that we havent seen the end of it yet. I will post more on this later.
I started my readings with just normal astrology and its effect on different things on this planet. I went with the assumption that based on birthdates, every country, company, leader, will be effected by the stars, so then started to chart things accordingly. I have my daily charts and hourly charts. Like today, if Aud is to go down, it will not happen before 11:53 ( completion of Sun Hour). So I make a decision based on my technical charts as well as astrological one. I look at it as an additional tool and not the only tool.
Find a job that you love and you dont have to work again in your life.
  • #13,734
  • Jan 17, 2010 6:31pm Jan 17, 2010 6:31pm
Quoting tradoholic
Hi Banksia,
Thanks. As I mentioned it was one of those rare days. I have my charts with live feed from Esignal, I also have some indicators that I have modified to suite my trading ideas. I dont follow astrology blindly. Having said that, there are some astrological aspects that are indeniably important and affect the market strongly. One of them was the eclipse on Friday and its effect on the market. I still believe that we havent seen the end of it yet. I will post more on this later.
I started my readings with just normal astrology and its effect...
I agree with banskia.....
This should be your format:
Full moon
Chart of and co-relation of full moon with relation to currency or indices etc
Entry ,Stop and Profit of trade.
Reason according to astrology what time you should exit the trade...
Without any of the above your 500% means nothing to me or anyone else here
Good Luck...If this is working for you cos you sure have beat everysingle fund manager in this world..

Take it easy
GeppyG
Let Price determine your future!
  • #13,735
  • Jan 17, 2010 6:39pm Jan 17, 2010 6:39pm
Quoting crak0
On another note, I gotta take my hat off to you for last weeks analysis of gold.

You pretty much spotted the turning points bang on. I would've missed it if you didn't post up a chart on it. So kudos to you and much appreciated http://cdn.forexfactory.com/images/icons/icon7.gif...
My broker actually pointed that out, and while I don't always agree with them, I did on that one. Then the fact that around 1,200 looks so much like a long-term top. Glad it's working out.
  • #13,736
  • Jan 17, 2010 6:58pm Jan 17, 2010 6:58pm
Quoting TheTopBloke
Don't waste your time on it. It's all nonsense.
To come up with a such a strong statement you must have a strong reason. If you could share it, it would save many people, including major banks, Microsoft, Google, News Ltd, Major govts etc so much time and money.
Find a job that you love and you dont have to work again in your life.
  • #13,737
  • Jan 17, 2010 7:14pm Jan 17, 2010 7:14pm
uh anyone see what happened after tokyo opened? i put shorts on @ 9222, now wishing I went heavier
  • #13,738
  • Jan 17, 2010 7:23pm Jan 17, 2010 7:23pm
Quoting tradoholic
Hi Banksia,
Thanks. As I mentioned it was one of those rare days. I have my charts with live feed from Esignal, I also have some indicators that I have modified to suite my trading ideas. I dont follow astrology blindly. Having said that, there are some astrological aspects that are indeniably important and affect the market strongly. One of them was the eclipse on Friday and its effect on the market. I still believe that we havent seen the end of it yet. I will post more on this later.
I started my readings with just normal astrology and its effect...
Hi Tradoholic,

Thanks for that - it's very interesting. I have always thought it would be a useful tool to add to technical analysis. I trade using the longer time frames and I'm sure that having an extra indicator such as this would at times really help to tip the balance in deciding to take a trade. I was just trying to weigh up whether the work involved would justify the potential returns. It doesn't matter I guess if you're interested in the subject anyway.

Thanks again!
Cheers
  • #13,739
  • Jan 17, 2010 7:26pm Jan 17, 2010 7:26pm
looks to be building a base @ 91925, might be rebounding
  • #13,740
  • Edited 7:53pm Jan 17, 2010 7:41pm | Edited 7:53pm
Quoting Squarepants
looks to be building a base @ 91925, might be rebounding
Hi Squarepants,

I see more resistance up than down, and maybe if it breaks 0.9170, it will complete a few double top formations (M15, H1, H2, H4), it may then go about 0.9135 before consolidating. If all goes well for shorts it may then cont. to 0.89 or 0.87.

Lets see.....
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