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AUD/USD

  • #14,821
  • Jan 28, 2010 5:40pm Jan 28, 2010 5:40pm
Quoting Ducci
Hey I am in on this downtrend right now, but there is nothing wrong with riding retracements also? I have this charted to possibly go to .8855, not sure that it will make it quite there, and I see another nice opportunity to ride this back up to 61.8% retracement. If more realistically, we hit around .8897, which also closes a Stochasic move, I see it retracing up to .8982. The question should be after such a long sustained down trend, how can you pass up a tracement? Odds are after a sustained daily trend like this one that we will see a decent...
Sorry this should have said that .8897 fills a Bollinger Band gap.
  • #14,822
  • Jan 28, 2010 5:41pm Jan 28, 2010 5:41pm
Quoting Ducci
Hey I am in on this downtrend right now, but there is nothing wrong with riding retracements also?...
OK, GL
  • #14,823
  • Jan 28, 2010 5:50pm Jan 28, 2010 5:50pm
Quoting egkid
OK, GL
If it makes you feel any better, I will keep a tight SL to protect my short profits when I take it
  • #14,824
  • Jan 28, 2010 6:00pm Jan 28, 2010 6:00pm
Mohawk on AuD/NZD Daily
  • #14,825
  • Jan 28, 2010 6:20pm Jan 28, 2010 6:20pm
this run is ridiculous and unwavering. its a thing of beauty.
  • #14,826
  • Jan 28, 2010 6:34pm Jan 28, 2010 6:34pm
positive aussie news and it drops another 40 pips and counting
  • #14,827
  • Jan 28, 2010 6:42pm Jan 28, 2010 6:42pm
Quoting egkid
OK, GL
I have two possible 161.8 lines on this downtrend not sure if I should count the small retracement as the start of my price extension, or the high from yesterday. Either way, I have .8872, or if I go off yesterday's high .8823. What do you have charted for this leg down?
  • #14,828
  • Jan 28, 2010 6:43pm Jan 28, 2010 6:43pm
Quoting egkid
Why u want go against daily trend?
http://www.forexfactory.com/showthre...95260&page=989

C what i mean now? So why i risk!
Well everyone has his own way to trade :-)
  • #14,829
  • Jan 28, 2010 7:01pm Jan 28, 2010 7:01pm
Quoting egkid
http://www.forexfactory.com/showthre...95260&page=989

C what i mean now? So why i risk!
Well everyone has his own way to trade :-)
What do you mean? I haven't taken it yet. I am just planning an exit and re-entry. When I take it then give me a hard time.
  • #14,830
  • Jan 28, 2010 8:32pm Jan 28, 2010 8:32pm
Quoting egkid
http://www.forexfactory.com/showthre...95260&page=989

C what i mean now? So why i risk!
Well everyone has his own way to trade :-)
You will be happy to know that I passed on trading this retracement because it is moving way to slow, and I am looking for my re-entry for another short instead. I am targeting around .8970 to .8980 if the cards are stacked up right.
  • #14,831
  • Jan 28, 2010 8:35pm Jan 28, 2010 8:35pm
ah so toyko..... fixin to hit the daily lower channel line on the audjpy..... audusd roughly same shape......h
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 58 KB
Click to Enlarge Name: audusd28.gif Size: 75 KB
to trade and code, keep both simple... no call to impress....h
  • #14,832
  • Jan 28, 2010 8:35pm Jan 28, 2010 8:35pm
the current retracement rejected at old support, lets see if it makes it through, its rejecting pretty hard. this could be another leg down although there was a pretty closed hammer on the 4hr
  • #14,833
  • Jan 28, 2010 8:53pm Jan 28, 2010 8:53pm
Quoting jdutch
the current retracement rejected at old support, lets see if it makes it through, its rejecting pretty hard. this could be another leg down although there was a pretty closed hammer on the 4hr
I think that we will will see .8955, but my next line sits at .8970
  • #14,834
  • Jan 28, 2010 11:38pm Jan 28, 2010 11:38pm
So what do you people think about tradin in European session. I'm thinking a rebound of 40-50 pips up before the trend down...

I'm very tired and traveling so i don't have all my tools and computers available, I need some help from trustworthy people to fill me in....
  • #14,835
  • Jan 28, 2010 11:55pm Jan 28, 2010 11:55pm
I think the market fell asleep
  • #14,836
  • Jan 28, 2010 11:56pm Jan 28, 2010 11:56pm
Quoting kilalik
So what do you people think about tradin in European session. I'm thinking a rebound of 40-50 pips up before the trend down...

I'm very tired and traveling so i don't have all my tools and computers available, I need some help from trustworthy people to fill me in....
Hi Kilalik,
I am working on a response, I will get back to you with my opinion in a sec
  • #14,837
  • Jan 29, 2010 12:10am Jan 29, 2010 12:10am
Quoting kilalik
So what do you people think about tradin in European session. I'm thinking a rebound of 40-50 pips up before the trend down...

I'm very tired and traveling so i don't have all my tools and computers available, I need some help from trustworthy people to fill me in....
Hi kilalik,
Here is what I see:

  1. My Bloomberg Indices for Asia/Pacific are all down but so are Domestic and roughly in the same percent range - That's all the fundamentals you are going to get from me
  2. My 1hr MACD and OSMA are wanting to give me a buy signal and are teetering on the fence. We do now have a 1Hr Parabolic SAR forming under the price
  3. I have a various MA overlay that is starting to level in the 1hr
  4. We are on our Daily S1 Pivot and it seems to be holding
  5. The Lower shadows on 1hr Heiken Ashi are starting to shorten
  6. 30M ADX is above 20 but bear pressure is seems to be at a peak
  7. We are at the bottom of our 30 minn bollinger
  8. We are about to hit a GANN Fan line

Now my results from the above, corresponding:

  1. Neutral
  2. Mild Buy
  3. Neutral to Mild Buy
  4. Buy
  5. Neutral to Mild Buy
  6. Neutral
  7. Mild Buy
  8. Neutral to Mild Buy

I guess we will see what london brings. My algorithm is going to kick me in a buy at 20 CCI crossing up from -100, which it is thinking about. 20 CCI is right below -100. I am also waiting for the 1Hr MACD/OsMA to give me the buy signal. I think if MACD and OsMA give a buy signal before London gets on, then there will be enough bulls that rely on that signal to keep any previous day sentiment from the london traders spilling into their next day session, which is about to happen. But, I think that if the OsMA and MACD do not signal the buy before london gets on, then all of those london traders that went to bed last night with Sell on their minds will push us lower.

  • #14,838
  • Jan 29, 2010 12:25am Jan 29, 2010 12:25am
Quoting Saxon
Hi kilalik,
Here is what I see:[list=1][*]My Bloomberg Indices for Asia/Pacific are all down but so are Domestic and roughly in the same percent range - That's all the fundamentals you are going to get from me[*]My 1hr MACD and OSMA are wanting to give me a buy signal and are teetering on the fence. We do now have a 1Hr Parabolic SAR forming under the price[*]I have a various MA overlay that is starting to level in the 1hr[*]We are on our Daily S1 Pivot and it seems to be holding[*]The Lower shadows on 1hr Heiken Ashi are starting to shorten[*]30M...
thanks for your response. Im already in 2 small buys and already in green, targeting about 50 pips on upside and 20 pip loss on downside. before the EUR data gets release then i will be thinking of shorting from there. I'm in Vegas about to go gamble. wish me luck
  • #14,839
  • Jan 29, 2010 12:32am Jan 29, 2010 12:32am
Quoting kilalik
thanks for your response. Im already in 2 small buys and already in green, targeting about 50 pips on upside and 20 pip loss on downside. before the EUR data gets release then i will be thinking of shorting from there. I'm in Vegas about to go gamble. wish me luck
Put it all on black and go get a beer. That's what I would do
  • #14,840
  • Jan 29, 2010 12:35am Jan 29, 2010 12:35am
That's it, I'm placing a straddle around my 1hr MACD/OsMA since i don't think I am going to get a signal before London gets on. I'm going to play some XBOX until London.
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