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AUD/USD

  • #20,761
  • Apr 1, 2010 10:04am Apr 1, 2010 10:04am
Quoting OvT
could be the low volume from earlier sessions that delayed the inevitable?
You're probably right. I hate range trading. It's so tedious and I don't make many pips doing it.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,762
  • Apr 1, 2010 10:05am Apr 1, 2010 10:05am
Quoting lordcamon
Hey guys, I might be wrong but does this look like a double top forming?
probably not. look at your weekly and monthly chart.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,763
  • Apr 1, 2010 10:18am Apr 1, 2010 10:18am
Quoting MarcVUM
probably not. look at your weekly and monthly chart.
We'll let it play out then. I forgot to draw the top line in the illustration. Kinda resembles one. Hard to tell but its possible.
Attached Image (click to enlarge)
Click to Enlarge Name: double top.gif Size: 23 KB
  • #20,764
  • Apr 1, 2010 10:28am Apr 1, 2010 10:28am
This is a H4 chart. notice SMI in subgraph as well as D- getting ready to cross ADX. Also, upper bollinger band is lifting its top while MA's are all under PA. My long was at the close of the candle with the white oval under it. IMO, she's going higher.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 162 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,765
  • Apr 1, 2010 10:34am Apr 1, 2010 10:34am
Quoting MarcVUM
This is a H4 chart. notice SMI in subgraph as well as D- getting ready to cross ADX. Also, upper bollinger band is lifting its top while MA's are all under PA. My long was at the close of the candle with the white oval under it. IMO, she's going higher.
Oh, u had long position. Ok, well, I was thinking of waiting for it to retrace from the peak before I short again. Anyway, it's time for a nice cup of tea as things unfold.
  • #20,766
  • Apr 1, 2010 10:41am Apr 1, 2010 10:41am
Quoting lordcamon
Oh, u had long position. Ok, well, I was thinking of waiting for it to retrace from the peak before I short again. Anyway, it's time for a nice cup of tea as things unfold.
Earl Grey? If anything pull up a M15 chart and wait for it to pull back to either the 21 or 35...wait for a bounce and keep your SL tight.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,767
  • Apr 1, 2010 10:49am Apr 1, 2010 10:49am
Quoting MarcVUM
Earl Grey? If anything pull up a M15 chart and wait for it to pull back to either the 21 or 35...wait for a bounce and keep your SL tight.
Was thinking of green tea but earl grey sounds good too.
  • #20,768
  • Apr 1, 2010 1:56pm Apr 1, 2010 1:56pm
Double top on 4hr?
im short from 0.9196, with a sell order at .9230 to add to shorts (i've got this as major upper tl). all stops at .9255
  • #20,769
  • Apr 1, 2010 3:06pm Apr 1, 2010 3:06pm
Quoting lordcamon
Was thinking of green tea but earl grey sounds good too.
No way, other tea drinkers! My favorite is to blend some english breakfast with some yorkshire gold. If I have to use bag, this sounds ghetto, but I like typhoo. To each their own I guess.

Marc, I'm working on answering your question above, will send you a PM
  • #20,770
  • Apr 1, 2010 3:53pm Apr 1, 2010 3:53pm
I think anymore of these admissions, and Higgins is going to set Zeus and Apollo after you.

Twinings Earl Grey, should anyone be curious...

Quoting Saxon
No way, other tea drinkers! My favorite is to blend some english breakfast with some yorkshire gold. If I have to use bag, this sounds ghetto, but I like typhoo. To each their own I guess.

Marc, I'm working on answering your question above, will send you a PM
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #20,771
  • Apr 1, 2010 4:00pm Apr 1, 2010 4:00pm
Quoting 45Condor
I think anymore of these admissions, and Higgins is going to set Zeus and Apollo after you.

Twinings Earl Grey, should anyone be curious...
Haha, you're like the only person that knows who Tom Magum is. I am child of the 80s. Haha. I just like mixing my teas. I used to have a lot of friends from the London office come into town and they would always comment that our tea was "rubbish" and we were all a bunch of "muppets." So they gave me some pointers on "proper" tea I guess. I dunno. I still drink my Mt Dew and DCs just like everyone else so I'm not refined in anyway.
  • #20,772
  • Apr 1, 2010 4:04pm Apr 1, 2010 4:04pm
See Chart
Attached Image (click to enlarge)
Click to Enlarge Name: tl.gif Size: 45 KB
  • #20,773
  • Apr 1, 2010 4:08pm Apr 1, 2010 4:08pm
Quoting Saxon
See Chart

I do but I think we will see one more spike...the interest in my opinion ws already discounted. and now will be lazy day since we have non farm payroll tomorrow and good friday ...so we need volatility coming from other countries... bleeeh Boring hours to come...
  • #20,774
  • Apr 1, 2010 4:12pm Apr 1, 2010 4:12pm
Quoting kourtney
I do but I think we will see one more spike...the interest in my opinion ws already discounted. and now will be lazy day since we have non farm payroll tomorrow and good friday ...so we need volatility coming from other countries... bleeeh Boring hours to come...
Ya, I'm catching up on some reading in the meantime. I have 92159 as a minor S/R but that is about it until Daily TL for me.
  • #20,775
  • Apr 1, 2010 4:14pm Apr 1, 2010 4:14pm
I wake up to Aud rallying 50 pips what a slap to the face! Okay the trend line hasn't broken yet, however it is very close; 9200 looks like decent resistance, and is very critical level it can form a double top here or it may go through. I don't think a break will occur though until Euro session.

I'm still unconvinced that 9200 will break and continue, but maybe I'm too overly bear biased. I feel at this level and this close to the longer term trend line, if there's bullish weakness we could see heavy bears entering the market to short at such a lucrative level. Bulls are also hesitant to continue rallying after coming from 8600 the smart money I don't think want to get in at such expensive and risky levels they're more likely to take profit from these levels or short, then to establish new long positions.

My two cents.
  • #20,776
  • Apr 1, 2010 4:20pm Apr 1, 2010 4:20pm
Took her down, to the 76.4 yellow fib http://www.forexfactory.com/showpost...ostcount=19436, took some profit, and then had my position cut earlier this week on a BE retrace... that's how it goes.

Was considering another short, but will await reaction to NFP this time.

First concert was the Power and the Glory tour in '83. Some may say that is sad, but when you have just entered your teens, a band like that just blew you away. Of course, one's tastes these days are more eclectic.

Quoting Saxon
See Chart
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #20,777
  • Apr 1, 2010 4:21pm Apr 1, 2010 4:21pm
Quoting Saxon
See Chart
I do too, but
1. from what I've seen from the previous downturn AUDUSD is not as fast in its reactions on TL's then for example GJ which pair I know better
2. NFP data is expected to be good (no surprice seeing the trillions spent by government) which could lead to a last uptick, on the other hand picture after that is not as bright because I can't see recovery based on consumer spending so a double dip is likely imo
Don't be a hero. Don't have an ego. Always question yourself
  • #20,778
  • Apr 1, 2010 4:24pm Apr 1, 2010 4:24pm
Quoting 45Condor
Took her down, to the 76.4 yellow fib http://www.forexfactory.com/showpost...ostcount=19436, took some profit, and then had my position cut earlier this week on a BE retrace... that's how it goes.

Was considering another short, but will await reaction to NFP this time.

First concert was the Power and the Glory tour in '83. Some may say that is sad, but when you have just entered your teens, a band like that just blew you away. Of course, one's tastes these days are more eclectic.
Nice charts. What are those red and blue MAs? Looks good though
  • #20,779
  • Apr 1, 2010 4:33pm Apr 1, 2010 4:33pm
Daryl Guppy

Quoting Saxon
Nice charts. What are those red and blue MAs? Looks good though
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #20,780
  • Apr 1, 2010 4:55pm Apr 1, 2010 4:55pm
Whats everyone else up to, I have nothing to do today so I'm going to sit here watch the ever exciting Asian markets and eat Chilli.
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