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  • #20,801
  • Apr 2, 2010 2:56am Apr 2, 2010 2:56am
Quoting dongsky
nobody knows don't make a forecast or prediction for doing so is just gambling. why not try to find a crystal ball instead just kidding.
those that make forecast are insanely rich..
  • #20,802
  • Apr 2, 2010 3:12am Apr 2, 2010 3:12am
Quoting Clouds
those that make forecast are insanely rich..
we'll maybe you're right, few people did actually if they have unlimited capital like george soros indeed they will. you see - money begets money, you want big then you need big ammunition. i believe forecasting and predicting PA is insanely dangerous thing. Peace!
Success consists of going from failure to failure without loss of enthusiam
  • #20,803
  • Apr 2, 2010 3:15am Apr 2, 2010 3:15am
Quoting dongsky
we'll maybe you're right, few people did actually if they have unlimited capital like george soros indeed they will. you see - money begets money, you want big then you need big ammunition. i believe forecasting and predicting PA is insanely dangerous thing. Peace!
PA is down for past 2-4 months, and it should go down........ while the guys that short screw the nice hot babes that wander around town.
  • #20,804
  • Apr 2, 2010 3:30am Apr 2, 2010 3:30am
Quoting Clouds
PA is down for past 2-4 months, and it should go down........ while the guys that short screw the nice hot babes that wander around town.
thanks. i do believe so, but not until the PA will break the test on the neckline, it seems to me it's having hard time doing so i'm still watiting for the right signal for entry, short or long... whatever the market will give me, i'll take and run hehehehe.

still waiting for NFP of us - until then i can have a good and vivid glance of the market direction. be good!
Success consists of going from failure to failure without loss of enthusiam
  • #20,805
  • Apr 2, 2010 3:31am Apr 2, 2010 3:31am
This is possible scenario I'm looking at for AUDUSD. The support at 0.9130 has proven its strength the last couple of days, bouncing couple of times off that area. The resistant area around 0.9220-0.9250 is a barrier to break for more upside. The markets would be dead till the Non-Farm Employment data because of bank holidays around the world, so expecting very minimal movement till then. When news is released, price movement expected to spike in either direction. Looking for 'clear' breakout trade.

http://1.bp.blogspot.com/_8texnURUcC.../BlogForex.bmp
  • #20,806
  • Apr 2, 2010 3:48am Apr 2, 2010 3:48am
Quoting IdentifyTren
This is possible scenario I'm looking at for AUDUSD. The support at 0.9130 has proven its strength the last couple of days, bouncing couple of times off that area. The resistant area around 0.9220-0.9250 is a barrier to break for more upside. The markets would be dead till the Non-Farm Employment data because of bank holidays around the world, so expecting very minimal movement till then. When news is released, price movement expected to spike in either direction. Looking for 'clear' breakout trade.

http://1.bp.blogspot.com/_8texnURUcC.../BlogForex.bmp...
Technicaly, i can see an inverted head and shoulder on your 3h chart. there is a bigger chance of a strong uptrend after the neckline will be breach and if NFP will turn out bad for them. it might be trigger aud a wild push that will last for a week let's feel the market as she goes.
Success consists of going from failure to failure without loss of enthusiam
  • #20,807
  • Apr 2, 2010 4:01am Apr 2, 2010 4:01am
Well, I find the head and shoulder inverted kinda unbalanced and deformed though. I would like to see how it plays out before placing a trade.

So far, the double top is forming nicely. I will wait for it to complete before I take a short. Either way, being on the sideline, it looks to be a bearish situation.
  • #20,808
  • Apr 2, 2010 4:06am Apr 2, 2010 4:06am
Quoting lordcamon
Well, I find the head and shoulder inverted kinda unbalanced and deformed though. I would like to see how it plays out before placing a trade.

So far, the double top is forming nicely. I will wait for it to complete before I take a short. Either way, being on the sideline, it looks to be a bearish situation.
hi,
what do you mean of unbalanced?
Success consists of going from failure to failure without loss of enthusiam
  • #20,809
  • Apr 2, 2010 5:39am Apr 2, 2010 5:39am
For it seems kind of difficult to see that inverted head and shoulders unless you really want to see it.

It's shoulders and neckline seems to be gettin jiggy wit it. I really don't know how to explain the unbalanced in levels or numbers as its just a feel with the PA. Just my observation. Nobody's right or wrong when it comes to the market really. The market's always right.

Anyway, the double top seems to be forming kinda nicely. I remembered I was watching the top just yesterday with a nice cup of tea. Still waiting for a good timing to short.

Patience patience...
Attached Image (click to enlarge)
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  • #20,810
  • Apr 2, 2010 7:20am Apr 2, 2010 7:20am
Quoting dongsky
don't predict PA.
093185, 096995, 103055.

How's that for a prediction.


Quote
p.s. volume is irrelevant in spot forex, cannot use as indicator in forex. there's no basis at all how they get volume data in forex

Alright then, whatever you reckon.
  • #20,811
  • Apr 2, 2010 7:33am Apr 2, 2010 7:33am
Quoting sinner-
093185, 096995, 103055.

How's that for a prediction.




Alright then, whatever you reckon.
very good my friend, just wishing you luck for your ego and arrogance is a very distructive cocktail in trading
Success consists of going from failure to failure without loss of enthusiam
  • #20,812
  • Apr 2, 2010 7:37am Apr 2, 2010 7:37am
NFP is -162 and no change for unemployment rate... well bulls will be pushing PA let's shake the money tree
Success consists of going from failure to failure without loss of enthusiam
  • #20,813
  • Apr 2, 2010 7:45am Apr 2, 2010 7:45am
Quoting dongsky
NFP is -162 and no change for unemployment rate... well bulls will be pushing PA let's shake the money tree
Please can we not "shake the money tree" on here ?? people get upset when someone says that
  • #20,814
  • Apr 2, 2010 7:48am Apr 2, 2010 7:48am
Are you talking about Bulls for the US or AU dollar?


Quoting dongsky
NFP is -162 and no change for unemployment rate... well bulls will be pushing PA let's shake the money tree
  • #20,815
  • Apr 2, 2010 7:55am Apr 2, 2010 7:55am
Quoting Daytrader74
Please can we not "shake the money tree" on here ?? people get upset when someone says that
oppss soweee
Success consists of going from failure to failure without loss of enthusiam
  • #20,816
  • Apr 2, 2010 8:01am Apr 2, 2010 8:01am
Bulls are absent. AUD still bearish! OMG!
  • #20,817
  • Apr 2, 2010 8:01am Apr 2, 2010 8:01am
Quoting stwk81
Are you talking about Bulls for the US or AU dollar?
i mean aud/usd, but since there's not much surprise factor from the result the reason why it takes a while for the bulls to react... or maybe its just the market is very thin at the moment due to holidays. well i'm going to liquidate my position now... before the market will turn against me
Success consists of going from failure to failure without loss of enthusiam
  • #20,818
  • Apr 2, 2010 8:02am Apr 2, 2010 8:02am
Quoting lordcamon
Bulls are absent. AUD still bearish! OMG!
cut your loss my friend, just wait until it will calm down and the market will continue to its original course. but for now, better off to stand beside its way...

bulls will be back!
Success consists of going from failure to failure without loss of enthusiam
  • #20,819
  • Apr 2, 2010 8:07am Apr 2, 2010 8:07am
the bears cannot push anymore further hahaha ... i can see bulls marching forward now and catching their momentum... sit tight all
Success consists of going from failure to failure without loss of enthusiam
  • #20,820
  • Apr 2, 2010 8:11am Apr 2, 2010 8:11am
And i just got paid for my eur short. *Waits patiently for Aud to give away*..
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