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AUD/USD

  • #18,921
  • Mar 12, 2010 6:20am Mar 12, 2010 6:20am
Quoting pqt
Of course it's deja vu all over again. It just take a big dog to start the ball rolling, the mofos will trip all over themselves jumping in for fear of missing the boat and there you go. It"s friday so watch out for the whiplashes (as if we don't have enuf of those lately). The more they get you thoroughly bamboozled, the better they clean out your accounts!
Yeah your not wrong!
Feels like January all over again,just when you think the dollar will rally it goes the other way.
Need to pay attention to these COT reports a bit more.
Also need to learn to trade what I see and not what I want to see happen.This point is so easy to get caught up on..

Back to AUD, those last 22 hourly candles are forming a bearish flag. It has to retrace soon for a bit. If it doesn't go any higher there is a nice double top on the 8 hourly which closes off in 45min on my chart.
  • #18,922
  • Mar 12, 2010 6:23am Mar 12, 2010 6:23am
Quoting ozpips
Yeah your not wrong!
Feels like January all over again,just when you think the dollar will rally it goes the other way.
Need to pay attention to these COT reports a bit more.
Also need to learn to trade what I see and not what I want to see happen.This point is so easy to get caught up on..

Back to AUD, those last 22 hourly candles are forming a bearish flag. It has to retrace soon for a bit. If it doesn't go any higher there is a nice double top on the 8 hourly which closes off in 45min on my chart.

dangerous words in this game...
  • #18,923
  • Mar 12, 2010 6:28am Mar 12, 2010 6:28am
Good Morning! Kourtney & Shahab8b, SL's? Where at?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,924
  • Edited 6:52am Mar 12, 2010 6:38am | Edited 6:52am
Look at USD/CAN and AUD/CAN.
  • #18,925
  • Mar 12, 2010 6:40am Mar 12, 2010 6:40am
Quoting Warwick
dangerous words in this game...
I know....but my short term ema has it bouncing off 9160, trendline has a bounce off 9145 and long term ema which has basically guided this whole rally which I have totally ignored has a bounce off 9125.

One of these will come true before it heads back up to the stratosphere
  • #18,926
  • Mar 12, 2010 6:52am Mar 12, 2010 6:52am
Quoting MarcVUM
Good Morning! Kourtney & Shahab8b, SL's? Where at?
my SL for short A/U is .9250 and for Long U/Cad is 1.010 (my entries are .9190 and 1.01745)
there is a high probability that U/Cad re-test the broken S line at 1.0200-220 area ,I'll take profit on some and SL to B/E then
  • #18,927
  • Mar 12, 2010 7:04am Mar 12, 2010 7:04am
Quoting shahab8b
my SL for short A/U is .9250 and for Long U/Cad is 1.010 (my entries are .9190 and 1.01745)
there is a high probability that U/Cad re-test the broken S line at 1.0200-220 area ,I'll take profit on some and SL to B/E then

Thanks. Happy Pippin!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,928
  • Mar 12, 2010 7:10am Mar 12, 2010 7:10am
Looking for a retrace to .9150 area for a long entry.
Otherwise, done for the week.
  • #18,929
  • Mar 12, 2010 8:39am Mar 12, 2010 8:39am
Shahab8b, with the 5am candle on the 4hr this rally may not last...we may just break that TL today or monday!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,930
  • Mar 12, 2010 9:14am Mar 12, 2010 9:14am
Quoting MarcVUM
Shahab8b, with the 5am candle on the 4hr this rally may not last...we may just break that TL today or monday!
why? anyways I have already cleared some shorts from .9190 at .9155 ,
the rest SL to B/E
  • #18,931
  • Mar 12, 2010 9:27am Mar 12, 2010 9:27am
Quoting shahab8b
why? anyways I have already cleared some shorts from .9190 at .9155 ,
the rest SL to B/E

well, we are testing the TL right now. i took profit as well at 9157. let's see how she plays out!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,932
  • Mar 12, 2010 10:35am Mar 12, 2010 10:35am
same price everyday
  • #18,933
  • Mar 12, 2010 10:41am Mar 12, 2010 10:41am
barely missed my sl at .92
  • #18,934
  • Mar 12, 2010 10:57am Mar 12, 2010 10:57am
My charts are showing her ready to drop drop drop. Does anyone see something differently? Another view would be appreciated.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,935
  • Mar 12, 2010 11:13am Mar 12, 2010 11:13am
i still have her in an uptrend. my charts indicates a pullback to .9135 before heading north again.
Attached Image
  • #18,936
  • Mar 12, 2010 11:22am Mar 12, 2010 11:22am
Thanks 9000rpm. This is why I say down...
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 94 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,937
  • Mar 12, 2010 11:29am Mar 12, 2010 11:29am
don't let other people's chart influence your thoughts

based on the weekly chart, it failed to break the 23.6% fibo. another reason why i believe it's going up.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-12-2010 12-26-20 PM.jpg Size: 63 KB
  • #18,938
  • Mar 12, 2010 11:37am Mar 12, 2010 11:37am
Quoting MarcVUM
Thanks 9000rpm. This is why I say down...

I totally back your call.....
Raza
  • #18,939
  • Mar 12, 2010 11:48am Mar 12, 2010 11:48am
Thanks guys/gals. I think I'll wait for a break of the TL I've drawn to go short. If it doesn't...long it is.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #18,940
  • Mar 12, 2010 11:54am Mar 12, 2010 11:54am
Quoting MarcVUM
Thanks guys/gals. I think I'll wait for a break of the TL I've drawn to go short. If it doesn't...long it is.
Perfect setup. Above trendline is short stop. When stopped, open long. Otherwise ride short down. Now a break of of trendline and then back down through would ruin it. But how often does that happen?
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