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AUD/USD

  • #18,361
  • Mar 8, 2010 6:26am Mar 8, 2010 6:26am
Quoting Needpatience
ok, ty, what TF do u use? 1hr?

you guys don't see 92.6? then 85?
that was on the daily chart
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,362
  • Mar 8, 2010 9:01am Mar 8, 2010 9:01am
Man, what a boring day.
We need some dogs with balls (or a big wad of cash ) to move the market.
  • #18,363
  • Mar 8, 2010 10:05am Mar 8, 2010 10:05am

Attached Image (click to enlarge)
Click to Enlarge Name: AU H4.GIF Size: 51 KB

dont forget to sell au

  • #18,364
  • Mar 8, 2010 10:08am Mar 8, 2010 10:08am
Interesting... A/U is losing its correlation with the S&P on the 1hr.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,365
  • Mar 8, 2010 10:32am Mar 8, 2010 10:32am
Quoting pqt
Man, what a boring day.
We need some dogs with balls (or a big wad of cash ) to move the market.
You must have sang to the bears!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,366
  • Mar 8, 2010 10:38am Mar 8, 2010 10:38am
Quoting yorygog
I'm predicting 10.2 or higher. But like you said, we will see come Friday morning.
Sure missed that one. All I know, around these parts, outside of temp jobs, hardly anyone is hiring.
  • #18,367
  • Mar 8, 2010 10:41am Mar 8, 2010 10:41am
Quoting pqt
Man, what a boring day.
We need some dogs with balls (or a big wad of cash ) to move the market.
  • #18,368
  • Edited 11:52am Mar 8, 2010 11:06am | Edited 11:52am
Watching bearish price action forming on the daily chart. Potential daily pinbar at a swing high, very nice setup.

Bearish outside bar on H4 TF, lovely short signal.
Attached Images
  • #18,369
  • Mar 8, 2010 11:15am Mar 8, 2010 11:15am
If we get a solid daily close your short signal will be had, clouds.
Annoying Precision
  • #18,370
  • Mar 8, 2010 11:59am Mar 8, 2010 11:59am
Might of entered a bit too early but decided to go Long @0.9101.

S.L at 0.9042.
  • #18,371
  • Mar 8, 2010 12:00pm Mar 8, 2010 12:00pm
Tweezer on the 1hr
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,372
  • Mar 8, 2010 12:08pm Mar 8, 2010 12:08pm
Quoting yorygog
Might of entered a bit too early but decided to go Long @0.9101.

S.L at 0.9042.
Perhaps a bit early. I was thinking of going long ~9080, but the dailies are sending conflicting signals:

On the one hand, we're above the Jan21-24 highs (imp. in my opinion).

On the other hand, price action appears to be dead center of what looks like a spinning top at the moment.
  • #18,373
  • Mar 8, 2010 2:07pm Mar 8, 2010 2:07pm
Quoting Hell7
I will be shorting spikes towards upper yellow and blue lines, but a daily close above the blue fork will put me long towards previous highs and maybe even the median line of the green fork.
The daily AUD/USD chart shows that price didn't honor the upper yellow line (price was above by the time I woke up for the European session), but gave a very nice short entry at the upper line of the blue pitchfork. To the pip

As I don't really trust the short side as long as price is in the large green fork, I covered some and moved down my stop for the rest a few pips above today's highs. Worst case: I only make a little on this trade
Attached Image (click to enlarge)
Click to Enlarge Name: 20100308audD.gif Size: 31 KB
  • #18,374
  • Mar 8, 2010 2:26pm Mar 8, 2010 2:26pm
Quoting Hell7
The daily AUD/USD chart shows that price didn't honor the upper yellow line (price was above by the time I woke up for the European session), but gave a very nice short entry at the upper line of the blue pitchfork. To the pip

As I don't really trust the short side as long as price is in the large green fork, I covered some and moved down my stop for the rest a few pips above today's highs. Worst case: I only make a little on this trade
The only issue I see is that your mid fork is not positioned on D-High for tha chart. If you move it to D-High, you will see that upper fork has been broken.

Not saying you are wrong, but you might want to overlay a fork with D-High and compare.
  • #18,375
  • Mar 8, 2010 2:33pm Mar 8, 2010 2:33pm
Quoting Saxon
The only issue I see is that your mid fork is not positioned on D-High for tha chart. If you move it to D-High, you will see that upper fork has been broken.

Not saying you are wrong, but you might want to overlay a fork with D-High and compare.
If you look, it was tested last week on D-High. It was good resistance for a day or so then was broken. Might be seen as down resistance now
Attached Image (click to enlarge)
Click to Enlarge Name: dhigh.gif Size: 57 KB
  • #18,376
  • Mar 8, 2010 2:37pm Mar 8, 2010 2:37pm
Quoting Saxon
The only issue I see is that your mid fork is not positioned on D-High for tha chart. If you move it to D-High, you will see that upper fork has been broken.

Not saying you are wrong, but you might want to overlay a fork with D-High and compare.
I used to have that (check previous posts - it was red), but as it wasn't honored at all it has been removed a few days back when price closed above. In fact, that fork cluttered my chart and was the reason I was very cautious trading AUD/USD until I was able to remove it.

Now things are clearer: this blue fork encapsulates the entire move and is thus drawn correctly, and has so far caught the bottom and this possible top.
  • #18,377
  • Mar 8, 2010 2:44pm Mar 8, 2010 2:44pm
Quoting Hell7
I used to have that (check previous posts - it was red), but as it wasn't honored at all it has been removed a few days back when price closed above. In fact, that fork cluttered my chart and was the reason I was very cautious trading AUD/USD until I was able to remove it.

Now things are clearer: this blue fork encapsulates the entire move and is thus drawn correctly, and has so far caught the bottom and this possible top.
ya, I see that your new lower fork has been tested twice now and has done well. If your new upper fork gets tested soon and is valid then I think this fork will be spot on. I just didn't know if you were aware that D-high fork was broken and might throw a wrench in your projections. Good analysis though. I threw your chart up on one of my monitors and am watching it closely now.
  • #18,378
  • Mar 8, 2010 2:46pm Mar 8, 2010 2:46pm
my plan is to short AUD-USD around 92.5 and again at 93.50, if it reaches that high. until then, staying flat, as playing the hopes of strength-onto-already-strong is too risky for my protocols, which rely heavily on historical levels as entry points.
  • #18,379
  • Edited 3:09pm Mar 8, 2010 2:51pm | Edited 3:09pm
Quoting Saxon
ya, I see that your new lower fork has been tested twice now and has done well.
It's not so new I have shown it on Feb 9 and have told clouds I would be shorting from here on Feb 24
  • #18,380
  • Mar 8, 2010 3:14pm Mar 8, 2010 3:14pm
The daily closes in 45min and my charts are not showing any spike up coming... was hoping for one to get a last short in.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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