AUD/USD

Ohh it has been on my radar for sure but I don't think it will end up holding. S&P is steam rolling ahead and with the fed not raising rates they are printing money which is causing people to worry about inflation hence higher gold prices. Today and tomorrow will tell.

Try small shorts again. This time watching it without stops.

Flipped coin say try it.

Took short at 9240, if price opens above the resistance line I will close it.
Will close it as soon as we are near bottom support line. Me might see another run up to complete Wave 5.

The daily wedge resistance proved strong enough. Test towards 9190-9200 on the cards again?

Same thoughts, this being end of Wave 3. Looking for pullback towards 9140 or lower for Wave 4. Will evaluate upon test of 9210-13 .

try .9700

Be careful here guys/gals... my indicators are giving me a similar signal as 2:00am est this morning.

This is only an observation but notice how this trend is slow and methodical and not impulsive and unsustainable like those 2 waves. Just an observation of course.

Very similar to how the origianl bull trend was.

So far ahead. Wait till the daily expanding wedge is broken to upside first. Now looking for E-leg of the Bigger Wave 4 . .

Meantime looking to buy cheap aussie first if possible. Greedy me.

I'm just thinking that if my indicators are right we are about to go north which doesn't make any stinkin' sense (logically). hmmm

lol ur right I was being an "analyst" for a minute . With the fundamentals and the continued .25 interest rate for the next 3-4 fomc meetings, barring any unforseen news I dont see any reason for the bear to come back out. But its just a prediction the let the chart tell the story

indicators tell the past, not the future.

clouds.....i've almost made 100 pips possibly more from your recommendation, thanks. "g/j.....all in" thanks....

http://img169.imageshack.us/img169/9089/16897688.gif

yea i guess they tell the past.

Hi folks,

worth a try I think, short @ 9240 few hours ago but with very tight stop @ 9255
Prob it will not be that easy

Hey guys, this is off-subject but my partner is on my butt about it. I am a Forex Pool Manager and am a Partner in a Capital Management LLC. http://www.nfa.futures.org/BasicNet/...d=0416792&rn=Y
To make a long story short, we are looking for an individual to basically operate their own Client Pool, so you would basically be a Forex Pool Manager for a Pool of client capital. This would be a distant relationship and you could work from your home terminal. We would give you a login and you would have access to the client pool to trade as you see fit. We would start you off with a small amount of capital 20K or so and see how you did. I was given the task to find someone to fulfill this role and since I didn't want to post an ad or use a career website I thought I would throw it in here and see if anyone was interested. If you are interested you need to provide me with a copy of your returns (not demo) for some period of time (positive). When it comes to compensation, you would be compensated just like the partners in company and would be paid the typical 2/20 hedge fund fee system. So we would all split the 2% Managment Fee and Split the 20% Incentive Fee. So for those who don't know the fee system, if we had 10,000,000 under management, we would take 200,000 as a management fee and spilt that up. Then let's say that we had a 15% return in January, 1,500,000. We would take 20% of that as incentive and split it up, 300,000. Our investment rounds are 30 days in duration, so we seek MONTHLY returns, so if you are a LT trader then I don't know if this would work for you. Also, if you are interested, please, with you performance, send me a brief description of you risk managment system. My direct e-mail is [email protected] We are looking at local guys right now so this role will fill pretty soon. I chose to post this to this forum as I know a lot of you better than the interviewees that I am looking at. I have seen some good traders in this forum and thought that I would see if anyone was interested. I will post this again tonight during london hours as well. We are going to fill this position within the next week or so.

Short are safe with this pair it has no more room left to go up it is a same situation like Euro as we can see euro had no room after 3400 it has to go up and then down and same situation we can see with it, it has to go down if Aud wants to go more up...it has no power left to break its major levels fundamentally it can break it if there will be any good news but technically it has to go down and then up.... so i think sell are safe then the longs for a time being what do you say about it Guys??


Ub

I would say more often than not it works out the way you see it. BUT, this is FOREX and the way you see it doesn't happen to go that way with somewhat regularity, albeit more than half the times.