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AUD/USD

  • #19,521
  • Mar 23, 2010 5:16am Mar 23, 2010 5:16am
Quoting George C
I'm attaching the Daily timeframe chart showing why I think we hit the swing high a few days ago and why therefore the price has nowhere to go but down. The sequence of lower highs and lower lows also reinforces my bearish attitude.

However, yesterday's sharp USD moves rather made me doubt my original judgement. I'm still keeping my position open, but am open to be persuaded...
i agree with you George C
tech wise, after hitting 9250, bear makes sense
fundamental wise though if USD resumes its weakness (like yesterday), bull might be the way to go

however if yesterday is only a retracement response to friday's and monday's drop, reinforced by the USD sudden strength, the bear should resume after all these settle

perhaps US session later will give a clearer direction
i might be scalping on the bear side, for now
  • #19,522
  • Mar 23, 2010 5:17am Mar 23, 2010 5:17am
on an extra note, if risk aversion kicks in again, that might push AUD towards the bear side
  • #19,523
  • Mar 23, 2010 5:53am Mar 23, 2010 5:53am
Quoting Saxon
Oh ya, all this boring PA gave me time to play my guitarrrrrr. Brushed up on my Bryan Adams, I know all you youngsters probably hate him, haha. Can play this one perfectly now, thanks boring PA. Gnight

http://www.youtube.com/watch?v=oC8_BmkyQ4o
Make a note of the studio he's in
Yeah sometimes this market can drive a person to throw rocks into a river for entertainment it gets so boring.. Hopefully the market will have some definition in the coming weeks.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #19,524
  • Mar 23, 2010 6:13am Mar 23, 2010 6:13am
Quoting OvT
on an extra note, if risk aversion kicks in again, that might push AUD towards the bear side
allready short at the close of yesterdays bar.target 1 reached second part will take just before yesterdays low
  • #19,525
  • Mar 23, 2010 6:16am Mar 23, 2010 6:16am
It is a slow grind downwards. At least it is moving in the right direction. Patience, patience. Hopefully, the roll downwards will pick up steam soon. Keep open target for time being.
  • #19,526
  • Mar 23, 2010 6:19am Mar 23, 2010 6:19am
Quoting blurbear
It is a slow grind downwards. At least it is moving in the right direction. Patience, patience. Hopefully, the roll downwards will pick up steam soon. Keep open target for time being.
u might be blur but u're still a bear, lol
what's our target this time bear?

oh you said open target
  • #19,527
  • Mar 23, 2010 6:22am Mar 23, 2010 6:22am
Quoting blurbear
It is a slow grind downwards. At least it is moving in the right direction. Patience, patience. Hopefully, the roll downwards will pick up steam soon. Keep open target for time being.
i am short but
its a bull flag if it breaks it will blast through.
i am ready to close any time my possition.
  • #19,528
  • Mar 23, 2010 6:23am Mar 23, 2010 6:23am
carefull guys its on the yestardays 50%
  • #19,529
  • Mar 23, 2010 6:25am Mar 23, 2010 6:25am
lets see if it holds 50% or 61%.
big decision zone.
  • #19,530
  • Mar 23, 2010 6:30am Mar 23, 2010 6:30am
Quoting trade price
lets see if it holds 50% or 61%.
big decision zone.
50% coincides with MS1 91350 on my chart
agree with big decision zone, im still leaning towards bear
  • #19,531
  • Mar 23, 2010 6:33am Mar 23, 2010 6:33am
Quoting OvT
50% coincides with MS1 91350 on my chart
agree with big decision zone, im still leaning against bear
it does not matter bull or bear i like to be in the winning side.
  • #19,532
  • Mar 23, 2010 6:37am Mar 23, 2010 6:37am
Quoting trade price
it does not matter bull or bear i like to be in the winning side.
lol tat's for sure
gold is edging downwards btw, next S for gold is 1095.78
EUR/USD edging downwards too, next S 1.3470
  • #19,533
  • Mar 23, 2010 6:41am Mar 23, 2010 6:41am
if they breaks we will get more power(all the fib and elliot traders).
lot of big boys watch them.
  • #19,534
  • Mar 23, 2010 6:42am Mar 23, 2010 6:42am
Quoting trade price
if they breaks we will get more power(all the fib and elliot traders).
lot of big boys watch them.
agreed! gold hit 1095.79 and bounced up! lol
  • #19,535
  • Mar 23, 2010 6:43am Mar 23, 2010 6:43am
Quoting OvT
agreed! gold hit 1095.79 and bounced up! lol
aud did get a bounce at 38%.
it is strugling now on the 50%
  • #19,536
  • Mar 23, 2010 6:44am Mar 23, 2010 6:44am
nothing is surprise in trading
  • #19,537
  • Mar 23, 2010 6:47am Mar 23, 2010 6:47am
i am expecting previous support to act as resistant.
probably another intraday short setup comeing
  • #19,538
  • Mar 23, 2010 6:48am Mar 23, 2010 6:48am
Quoting trade price
i am expecting previous support to act as resistant.
probably another intraday short setup comeing
was that stop hunting? -_- that spike wasn't correlated to any other pairs
  • #19,539
  • Mar 23, 2010 6:50am Mar 23, 2010 6:50am
Quoting OvT
was that stop hunting? -_- that spike wasn't correlated to any other pairs
its fine in my platform.
i am allready short with eu
stop is BE
  • #19,540
  • Mar 23, 2010 6:51am Mar 23, 2010 6:51am
Quoting OvT
was that stop hunting? -_- that spike wasn't correlated to any other pairs
was just getting back to 5ma on 15min. 200ma on 4hr should be good S
When this baby hits 88 miles per hour, you're gonna see some serious s***.
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