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AUD/USD

  • #19,281
  • Mar 18, 2010 7:35am Mar 18, 2010 7:35am
The makers want to go higher. Ok.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #19,282
  • Mar 18, 2010 7:49am Mar 18, 2010 7:49am
Quoting MarcVUM
The makers want to go higher. Ok.
any idea how's it's gonna play out marcvum?
  • #19,283
  • Mar 18, 2010 7:56am Mar 18, 2010 7:56am
Quoting OvT
any idea how's it's gonna play out marcvum?
It will keep going higher... don't get me wrong the higher highs on the daily will end eventually but as long as the S&P continues higher due to the inability of the U.S. to create jobs and the Fed keeping rates low (printing money) making gold go higher on inflation fears the A/U has to keep going higher as the risk trade. IMO, we are getting to a top faze in the S&P but we aren't there yet. My long term daily indicators are most usually correct and I don't expect this time to be any different.

I'm kind of a little weary about buying right here because we have more news out at 10am est but I may buy one lot just to lock in price.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #19,284
  • Mar 18, 2010 8:13am Mar 18, 2010 8:13am
Quoting MarcVUM
It will keep going higher... don't get me wrong the higher highs on the daily will end eventually but as long as the S&P continues higher due to the inability of the U.S. to create jobs and the Fed keeping rates low (printing money) making gold go higher on inflation fears the A/U has to keep going higher as the risk trade....
fundamentals ya, that is long term view
just trying to find a good entry for long, i think the downward retrace channel from touching 9250 yesterday has ended (the spike just now broken the upper TL) but like you said i am a bit hesitant on entering long before the USD news in 45 mins
  • #19,285
  • Mar 18, 2010 8:15am Mar 18, 2010 8:15am
Quoting OvT
fundamentals ya, that is long term view
just trying to find a good entry for long, i think the downward retrace channel from touching 9250 yesterday has ended (the spike just now broken the upper TL) but like you said i am a bit hesitant on entering long before the USD news in 45 mins
Well, yesterday I was hoping for a pullback to 9190-9200 to re-enter long. We got there and I'm not seeing any reason to not go long.

If anyone sees something differently please fill me in.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #19,286
  • Mar 18, 2010 8:28am Mar 18, 2010 8:28am
Quick thought... on the 15min we are knocking on R and getting three long wicks. SL's tight or to B/E just in case she drops.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #19,287
  • Mar 18, 2010 8:32am Mar 18, 2010 8:32am
Quoting MarcVUM
Quick thought... on the 15min we are knocking on R and getting three long wicks. SL's tight or to B/E just in case she drops.
3 times @ 9229
channel is ascending though, good for scalping? lol
  • #19,288
  • Mar 18, 2010 8:33am Mar 18, 2010 8:33am
Quoting OvT
3 times @ 9229
channel is ascending though, good for scalping? lol
I don't use any smaller TF than 15min... used to use lower then got wiped out and changed my approach to trading.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #19,289
  • Mar 18, 2010 8:37am Mar 18, 2010 8:37am
Quoting MarcVUM
I don't use any smaller TF than 15min... used to use lower then got wiped out and changed my approach to trading.
ic, what about the ascending channel on M30
sorry it's a bit messy
still learning so, feel free to berate this chart, lol
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  • #19,290
  • Mar 18, 2010 8:37am Mar 18, 2010 8:37am
anyone long nzd/chf?
Annoying Precision
  • #19,291
  • Mar 18, 2010 8:55am Mar 18, 2010 8:55am
Good Morning Saxon.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #19,292
  • Mar 18, 2010 9:19am Mar 18, 2010 9:19am
- Calculus test today

..quick look at the market suggests that the greed play is still in motion, although that could change in a heartbeat.

USD/CAD appears to be in a "try me" mode... I have a feeling the "big guys" (banks etc) are waiting to see who makes the first move.
  • #19,293
  • Mar 18, 2010 10:18am Mar 18, 2010 10:18am
Testing day low support 9190. Bear flag breakdown 9210 adding to downward pressure for a breakdown.
  • #19,294
  • Mar 18, 2010 10:23am Mar 18, 2010 10:23am
It really stinks when your PO doesn't get filled because of 1 little pip.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #19,295
  • Mar 18, 2010 10:39am Mar 18, 2010 10:39am
Quoting blurbear
Testing day low support 9190. Bear flag breakdown 9210 adding to downward pressure for a breakdown.
bear pennant/flag breakdown and is that a shs breakdown as well? Reason for going lower?

Attached Image
  • #19,296
  • Mar 18, 2010 10:56am Mar 18, 2010 10:56am
It looks like an H&S to go bearish on your chart but I won't go short (long term) until we break the TL I have drawn.
Attached Image (click to enlarge)
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #19,297
  • Mar 18, 2010 11:04am Mar 18, 2010 11:04am
Quoting MarcVUM
It looks like an H&S to go bearish on your chart but I won't go short (long term) until we break the TL I have drawn.
Neither am I bearish long term. Just thinking that with patience, possibility of buying cheaper aussie looks good.

I have small shorts opened as I am looking to flip into longs, using the potential pips from the shorts to get a really low long term long position.

At worst, willing to be stopped out b/e if it decides to pop back up. Personally, to be long so near to a major resistance trendline without a clear break does not seem a good idea to me thats all. Until it breaks decisively still not too late to go long on backtest.
  • #19,298
  • Mar 18, 2010 11:13am Mar 18, 2010 11:13am
Quoting blurbear
Neither am I bearish long term. Just thinking that with patience, possibility of buying cheaper aussie looks good.

I have small shorts opened as I am looking to flip into longs, using the potential pips from the shorts to get a really low long term long position.

At worst, willing to be stopped out b/e if it decides to pop back up. Personally, to be long so near to a major resistance trendline without a clear break does not seem a good idea to me thats all. Until it breaks decisively still not too late to go long on backtest.
I understand. I'm thinking though that a long position at my TL with a tight SL will be profitable...which I've already taken. I suspect that A/U won't go down until the Fed raises rates or Jobs get created in the U.S. Just my opinion.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #19,299
  • Mar 18, 2010 11:16am Mar 18, 2010 11:16am
Quoting MarcVUM
I understand. I'm thinking though that a long position at my TL with a tight SL will be profitable...which I've already taken. I suspect that A/U won't go down until the Fed raises rates or Jobs get created in the U.S. Just my opinion.
Agreed. Only thing I disagree is never say never in these markets. Partly my lower tps were due to fibs and waves. Lets see how it goes.
  • #19,300
  • Mar 18, 2010 11:34am Mar 18, 2010 11:34am
Quoting USD-Bear
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
Closed @ 9192
This does not look like retracing from a major UTL to me.
No advanced explanation, but I just don't trust it.....
Don't be a hero. Don't have an ego. Always question yourself
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