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AUD/USD

  • #16,541
  • Feb 15, 2010 9:37pm Feb 15, 2010 9:37pm
Weekly trend still Bearish, but for now daily is BULL . I think BULL will not pass this level 0.9060. there is big chance it will reversal from this point to go down..
  • #16,542
  • Feb 15, 2010 9:51pm Feb 15, 2010 9:51pm
SHORT SHORT SHORT
  • #16,543
  • Feb 15, 2010 9:53pm Feb 15, 2010 9:53pm
Quoting $Money$
Weekly trend still Bearish, but for now daily is BULL . I think BULL will not pass this level 0.9060. there is big chance it will reversal from this point to go down..
Just wonder... how did you come up with that.............
I have completely opposite!! This due to LL and LH on daily
  • #16,544
  • Feb 15, 2010 10:03pm Feb 15, 2010 10:03pm
Quoting $Money$
Weekly trend still Bearish, but for now daily is BULL . I think BULL will not pass this level 0.9060. there is big chance it will reversal from this point to go down..

0447 GMT [Dow Jones] AUD strength Tuesday could be trend for week, says RBC Capital Markets' Strategist Sue Trinh. Says Greece debt developments won't be as market moving as they have been in past month, taking weight off AUD, with RBA testimony before parliament a possible catalyst. "The real key for Aussie domestic market is (RBA Governor Glenn) Stevens' testimony on Friday and he is very hawkish. Very rarely does he say anything dovish and that should support the Aussie into the end of the week," says Trinh. AUD/USD recently at 0.8928 up from 0.8887 late Monday, surging past prior resistance of 0.8925, with Trinh saying next test for pair is 0.9050. (GER)
  • #16,545
  • Feb 15, 2010 10:12pm Feb 15, 2010 10:12pm
Quoting Daytrader74
SHORT SHORT SHORT
I slightly agree. AUD's been rubber-banding around 65 Ex MA Typical on a 30M. It cycles about 2 or 3 times a period. Looks like a top and we are due to come back to it in the next 1 or so hours.
  • #16,546
  • Feb 15, 2010 10:13pm Feb 15, 2010 10:13pm
Quoting Saxon
I slightly agree. AUD's been rubber-banding around 65 Ex MA Typical on a 30M. It cycles about 2 or 3 times a period. Looks like a top and we are due to come back to it in the next 1 or so hours.
Come back where in the next hour or so ?
  • #16,547
  • Feb 15, 2010 10:15pm Feb 15, 2010 10:15pm
Still holding short here from .8835. Am a little upset at having to pay for 2 days of rollover, but still no worries here.
  • #16,548
  • Feb 15, 2010 10:19pm Feb 15, 2010 10:19pm
Quoting Daytrader74
Come back where in the next hour or so ?
Sorry man,
I posted this a page or so back. It is an hour or so old, but you should understand the background. Throw a Exponential MA with a 65 period on a typical price in a 30M frame. I've been doing pretty good catching prices Oscillating around it. If you follow it with MACD tops, it gives you an indicator when it is getting exhausted and tells you when to sell. I have no TP on this as MA still moves with the price and I just eyeball it so I don't need to move TPs.
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  • #16,549
  • Feb 15, 2010 10:21pm Feb 15, 2010 10:21pm
Quoting Saxon
Sorry man,
I posted this a page or so back. It is an hour or so old, but you should understand the background. Throw a Exponential MA with a 65 period on a typical price in a 30M frame. I've been doing pretty good catching prices Oscillating around it. If you follow it with MACD tops, it gives you an indicator when it is getting exhausted and tells you when to sell. I have no TP on this as MA still moves with the price and I just eyeball it so I don't need to move TPs.
This isn't used in isolation though, you still need to verify with other Indicators/Systems. It is just somthing that I had noticed and back tested a few days. Been doing well on it as it confirms a lot of my positions.
  • #16,550
  • Feb 15, 2010 10:24pm Feb 15, 2010 10:24pm
Quoting Daytrader74
SHORT SHORT SHORT
Great call too man
  • #16,551
  • Feb 15, 2010 10:26pm Feb 15, 2010 10:26pm
Quoting BobbyBob
Well, SL triggered at 8920 for me.
I'll be expecting a retracment from 9000 down to 8950, and if 8950 holds, looks like a change of trend for AUD

Not quite, just the market's last chance to take out a few stops. Besides, brokers love it when the market is net short as it is now, they make insane amounts of interest off open positions.

Lemmings should trace this up to 9180+ .... assuming their stops are trigged along the way.
  • #16,552
  • Feb 15, 2010 10:29pm Feb 15, 2010 10:29pm
Quoting Warwick
Not quite, just the market's last chance to take out a few stops. Besides, brokers love it when the market is net short as it is now, they make insane amounts of interest off open positions.

Lemmings should trace this up to 9180+ .... assuming their stops are trigged along the way.
Lemmings, haha
  • #16,553
  • Feb 15, 2010 10:39pm Feb 15, 2010 10:39pm
I will watch the PA around 0.9000 before deciding to short or long.

I need a candlestick confirmation (like shooting star for short) around 0.9000 to find out the pattern.
  • #16,554
  • Feb 15, 2010 10:51pm Feb 15, 2010 10:51pm
I don't have a clear sell zone, .92 or .93
  • #16,555
  • Feb 15, 2010 10:55pm Feb 15, 2010 10:55pm
Quoting Clouds
I don't have a clear sell zone, .92 or .93
I say sell now
  • #16,556
  • Feb 15, 2010 11:00pm Feb 15, 2010 11:00pm
Quoting Clouds
I don't have a clear sell zone, .92 or .93
It's going to be difficult to pick the top. Let's see if it runs out of steam above 90. If it is still 90+ after the RBA meeting, assuming a hike in March, it will get to 92 easily IMO. Would take 2 weeks to get there though.
  • #16,557
  • Feb 15, 2010 11:01pm Feb 15, 2010 11:01pm
Finally Looks like i can get out of my 9150 longs from last months
  • #16,558
  • Feb 15, 2010 11:02pm Feb 15, 2010 11:02pm
Quoting Daytrader74
I say sell now
Sold already. How will you calculate TP ?
  • #16,559
  • Feb 15, 2010 11:05pm Feb 15, 2010 11:05pm
Quoting jarnapal
Sold already. How will you calculate TP ?
How you mean ?
  • #16,560
  • Feb 15, 2010 11:08pm Feb 15, 2010 11:08pm
Quoting Daytrader74
How you mean ?
I mean have you set your take profit. I see that the price has followed fibonacci on trend and on retracements. I see that it might drop somewhere near 8812 in 20 hours.
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