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AUD/USD

  • #15,221
  • Feb 2, 2010 8:43pm Feb 2, 2010 8:43pm
hi big1red9

I couldnt agree more although will have some res around .8800
  • #15,222
  • Feb 2, 2010 8:52pm Feb 2, 2010 8:52pm
again not sure why everyone is thinking long on this pair..
Look at your charts, everything is screaming bear, examine your fundamentals, again everything is screaming bear.
Bear bear bear, bears eat bulls in a fight just fyi
Im a zombie.. "Rawr"
  • #15,223
  • Feb 2, 2010 8:54pm Feb 2, 2010 8:54pm
aud/jpy has 3 black crows on weekly, not sure if this pattern always plays out, but it wouldn't surprise me
  • #15,224
  • Feb 2, 2010 9:05pm Feb 2, 2010 9:05pm
Hello ivanovic01,

I agree. If it doesn't come slicing through that level, then I will likely exit a pip above - then based on a fib # and retracement on a 1 minute chart, get back in... if I can.

Take care,
BR

Quoting ivanovic01
hi big1red9

I couldnt agree more although will have some res around .8800
  • #15,225
  • Feb 2, 2010 10:39pm Feb 2, 2010 10:39pm
How is it looking now Patiance ? still in uptrend ?
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm.gif Size: 25 KB
  • #15,226
  • Feb 2, 2010 10:41pm Feb 2, 2010 10:41pm
good call, i think patience is the operative word here...

Quoting Daytrader74
How is it looking now Patiance ? still in uptrend ?
  • #15,227
  • Feb 2, 2010 11:02pm Feb 2, 2010 11:02pm
Quoting Daytrader74
How is it looking now Patiance ? still in uptrend ?
that's fine and dandy, but your first chart didn't really have any reasoning behind it for you to say it's trying to go down - you just showed chart of up trend and said it was going down
  • #15,228
  • Feb 2, 2010 11:12pm Feb 2, 2010 11:12pm
Quoting Clouds
that's fine and dandy, but your first chart didn't really have any reasoning behind it for you to say it's trying to go down - you just showed chart of up trend and said it was going down
I knew it was going to go down and thats why I been placing shorts
  • #15,229
  • Feb 2, 2010 11:21pm Feb 2, 2010 11:21pm
Been using a simple dual-frame momentum strategy and it has been working well in all this mess. Also, there is a lot of micro (15M) divergences on 5,3,3 stochastics if any of you have been catching those
  • #15,230
  • Feb 2, 2010 11:23pm Feb 2, 2010 11:23pm
Also, Daytrader, you are basing your trend decision on an M1 timeframe. Is this an inner trend, because this couldn't be your outer trend
  • #15,231
  • Feb 3, 2010 12:36am Feb 3, 2010 12:36am
Quoting Saxon
Also, Daytrader, you are basing your trend decision on an M1 timeframe. Is this an inner trend, because this couldn't be your outer trend
Here's a 15m chart...still to me looks like its going down...
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.gif Size: 24 KB
  • #15,232
  • Feb 3, 2010 12:41am Feb 3, 2010 12:41am
AUDUSD is going UP. I bet your BMW on it.
In Charts We Trust!
  • #15,233
  • Feb 3, 2010 12:46am Feb 3, 2010 12:46am
Quoting X.Oden
AUDUSD is going UP. I bet your BMW on it.
I don't have a BMW I have a Mazda MX-5
  • #15,234
  • Feb 3, 2010 12:52am Feb 3, 2010 12:52am
Heh....ok your MAZDA MX-5 and a bag of chips!

Quoting Daytrader74
I don't have a BMW I have a Mazda MX-5
In Charts We Trust!
  • #15,235
  • Feb 3, 2010 1:06am Feb 3, 2010 1:06am
Quoting X.Oden
Heh....ok your MAZDA MX-5 and a bag of chips!
  • #15,236
  • Feb 3, 2010 1:38am Feb 3, 2010 1:38am
Quoting Daytrader74
DT, the dollar is in a serious spring coil right now on a 15 min, and getting close on the 60 min so I would assume a reversal is coming for the dollar very soon. In case I am wrong, I am out of chips so you have to cover that bet on your own.
  • #15,237
  • Feb 3, 2010 2:09am Feb 3, 2010 2:09am
Quoting Ducci
DT, the dollar is in a serious spring coil right now on a 15 min, and getting close on the 60 min so I would assume a reversal is coming for the dollar very soon. In case I am wrong, I am out of chips so you have to cover that bet on your own.
I'm glad you said that ducci bc I think that the dollar just bottomed for the week as well. Nice to see someone thinking the same.
  • #15,238
  • Feb 3, 2010 2:29am Feb 3, 2010 2:29am
Quoting Daytrader74
How is it looking now Patiance ? still in uptrend ?
You're the pro who knows where the market is going to go. What are you asking me for?

And it was the words of Master Jacko that I was referencing. You showed a chart in an uptrend and asked if it was going down - it just reminded me of his post about showing a chart to a 5 year old. You should take some time to read his words of wisdom. It's a very good thread.
Nothing worth having is easy.
  • #15,239
  • Feb 3, 2010 2:32am Feb 3, 2010 2:32am
Quoting X.Oden
AUDUSD is going UP. I bet your BMW on it.
Up to your old tricks aye? Making blanket statements with no chart or explanation of why you think it is. Really helpful. That's probably put the kibosh on it going up then.
Nothing worth having is easy.
  • #15,240
  • Feb 3, 2010 2:37am Feb 3, 2010 2:37am
Quoting amyc
I'm glad you said that ducci bc I think that the dollar just bottomed for the week as well. Nice to see someone thinking the same.
Well the good news is that we did print our first red 15 minute Heikin Ashi Candle. Bad news is that we are in a serious fight to get two in a row . Right now if we don't have an angle change in the trend angle, which I hope that we will (or we are in for some channeling from .8882 to .8897), we might have to wait to see a decent short until as late as 6 am. I was off one PIP on the last short. I said .8826, and we went to .8827, but I am at a loss for where this will go. Any ideas, and BTW, I had my bottom on the dollar at 78.85. My next line on the dollar would send AUD into the Stratosphere, and it has been testing 78.85.
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