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AUD/USD

  • #20,961
  • Apr 6, 2010 4:36pm Apr 6, 2010 4:36pm
Quoting TrueBlue
Weekly Divergence might surprise @ .9405...
Nearly son, nearly there...be patient
  • #20,962
  • Apr 6, 2010 4:43pm Apr 6, 2010 4:43pm
A/U has already satisfied the EW count (met 61% projection), if it doesn't reverse here, the next stop is 100% projection = .9409
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  • #20,963
  • Apr 6, 2010 5:16pm Apr 6, 2010 5:16pm
A textbook bull flag forming over the last few hours. I'll be surprised if we don't break 9300, if not daytime then at least during Euro session.
  • #20,964
  • Apr 6, 2010 5:35pm Apr 6, 2010 5:35pm
Quoting shahab8b
Hi Saxon, did you change your trading method? I remember you used indicator based approach. I think you will find S/R more practical, at least you can set limit orders and leave your station from time to time.
I still use indicators, but S/R is working pretty well for me right now too. That JPY trade bounced and I made some pips. I'm out of it now, gotta make dinner for the wife. Limits on 92811 got activated and I took that small swing too. How have you been doing in the market? Been kinda crazy the last 2 days, huh?

It is nice to set limits +/- 4 or 5 pips off S/R and move to another pair/chart. All of my limits did well today. Part of the reason that I am stepping off the desk right now; don't want to get overconfident. I'll be back in a few hours. I have to train an intern this week
  • #20,965
  • Apr 6, 2010 5:54pm Apr 6, 2010 5:54pm
Quoting Saxon
It is nice to set limits +/- 4 or 5 pips off S/R and move to another pair/chart. All of my limits did well today. Part of the reason that I am stepping off the desk right now; don't want to get overconfident. I'll be back in a few hours. I have to train an intern this week
I got some of them right and some of them wrong,(A/U short was as disaster but I got U/J long from 92 ish and E/U short from 1.34 ish right) fortunately I added to the equity.if you use S/R you may want to look at my set up at my thread, it's about COT but the set ups are mostly technical.
btw, good luck with the coaching
  • #20,966
  • Apr 6, 2010 6:06pm Apr 6, 2010 6:06pm
D indicators are bullish.
HOWEVER; January highs (9330ish twice) suggest that RBA does an SNB intervention.
  • #20,967
  • Apr 6, 2010 6:25pm Apr 6, 2010 6:25pm
Have added to aud longs at 9261, if that doesn't cap the move down then 9239 should. Price should move up into 9300 today.

http://cdn.forexfactory.com/attachme...1&d=1270603392
  • #20,968
  • Apr 6, 2010 6:43pm Apr 6, 2010 6:43pm
Quoting Saxon
Here is a chart on that JPY tade.
It worked
  • #20,969
  • Apr 6, 2010 6:46pm Apr 6, 2010 6:46pm
Quoting Saxon
It worked
Big time! Shahab got me in... don't usually look at this pair! He says to 95.40 but my TP 94.70. 100pips will do me well!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #20,970
  • Apr 6, 2010 9:48pm Apr 6, 2010 9:48pm
What's up everyone? I'm back, nice dinner; not a fan of cooking. I am just getting to the desk to run some pre-session analysis;should be done in an hour or two. Any ideas on what today will bring? Not too much heavy news to throw off our analysis; my kind of day. I'll have my charts up in a few. I'll post my USD/JPY and maybe some other pairs too unless you want me to stick to the theme.
  • #20,971
  • Apr 6, 2010 10:20pm Apr 6, 2010 10:20pm
Quoting Saxon
What's up everyone? I'm back, nice dinner; not a fan of cooking. I am just getting to the desk to run some pre-session analysis;should be done in an hour or two. Any ideas on what today will bring? Not too much heavy news to throw off our analysis; my kind of day. I'll have my charts up in a few. I'll post my USD/JPY and maybe some other pairs too unless you want me to stick to the theme.
i looked over a number of pairs tonight, and the only ones i could read were commodity pairs against majors. im short cad,aud, nzd, against eur/gbp/usd., more so aud & nzd, and partial long usd/cad
  • #20,972
  • Apr 6, 2010 10:38pm Apr 6, 2010 10:38pm
Quoting Clouds
i looked over a number of pairs tonight, and the only ones i could read were commodity pairs against majors. im short cad,aud, nzd, against eur/gbp/usd., more so aud & nzd, and partial long usd/cad
Are you short AUD/CAD by any chance?

Check out the long-term daily chart; we broke to the downside real nice from the triangle that's been forming for a while and today we tested the bottom of the triangle (previous support); technically, this is my favorite play right now and I've been watching it for a while... added some more short today near that old support level.
  • #20,973
  • Apr 6, 2010 10:44pm Apr 6, 2010 10:44pm
Quoting thadakman
Are you short AUD/CAD by any chance?

Check out the long-term daily chart; we broke to the downside real nice from the triangle that's been forming for a while and today we tested the bottom of the triangle (previous support); technically, this is my favorite play right now and I've been watching it for a while... added some more short today near that old support level.
no, im not mixing aud and cad at the moment. though aud does look weaker than cad... probably a good trade
  • #20,974
  • Apr 7, 2010 12:20am Apr 7, 2010 12:20am
AUD/USD please Saxon...stick to the them...you can do USD/JPY in that forum itself


Quoting Saxon
What's up everyone? I'm back, nice dinner; not a fan of cooking. I am just getting to the desk to run some pre-session analysis;should be done in an hour or two. Any ideas on what today will bring? Not too much heavy news to throw off our analysis; my kind of day. I'll have my charts up in a few. I'll post my USD/JPY and maybe some other pairs too unless you want me to stick to the theme.
  • #20,975
  • Apr 7, 2010 12:25am Apr 7, 2010 12:25am
That's intereting Clouds...your view is bearish? and for how long?

Quoting Clouds
no, im not mixing aud and cad at the moment. though aud does look weaker than cad... probably a good trade
  • #20,976
  • Apr 7, 2010 1:51am Apr 7, 2010 1:51am
Aud/usd break through the support now only the weekly pivot and whe go down...
  • #20,977
  • Apr 7, 2010 1:51am Apr 7, 2010 1:51am
My Chart. I have been playing GBP so I haven't been on this thread. Done with GBP, back to AUD now. This thread died down
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  • #20,978
  • Apr 7, 2010 2:02am Apr 7, 2010 2:02am
Where I see some buying opportunity

http://2.bp.blogspot.com/_8texnURUcC.../audusd1hr.bmp
  • #20,979
  • Apr 7, 2010 2:22am Apr 7, 2010 2:22am
Closed all my aud longs at 9270 except 3 which i will hold to see if 9406 comes into play. SL be +30. 9280 has been a brick wall since London opened.
  • #20,980
  • Apr 7, 2010 2:55am Apr 7, 2010 2:55am
The AudUsd has been bought heavily in the Asian and UK sessions.

If price breaks .9240 stops should be triggered and the price should continue much lower.
The Herd meter (RPM) has gone from 1 to 1.57, showing there are now 1.57 buyers for every seller. These latest buyers will most likely have stops resting below .9245

Fundamental Support?
TimesOnline - http://bit.ly/aVqGOv

“Copper traders spooked by stockpiles
Predictions of a price collapse imply that the Chinese will suddenly stop wanting homes with fridges and air conditioning units.”

Watch copper prices as well for confirmation of downward trend in AUD.

Live herding charts. http://rpmfx.blogspot.com/2010/03/ad...ive-charts.htm

http://i260.photobucket.com/albums/i...42BE/image.png
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