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AUD/USD

  • #21,001
  • Apr 7, 2010 6:58pm Apr 7, 2010 6:58pm
Quoting MarcVUM
Saxon, I see that you poked into Shahab's thread... have you been over to Amy's? If not, check in.
I'll have to take a look at it. Also, off subject, USD/JPY is on a KEY S/R and FIB if it breaks through, it might be a good opportunity to get some pips. Any second now
  • #21,002
  • Apr 7, 2010 6:59pm Apr 7, 2010 6:59pm
Quoting thadakman
Here's it is on the daily; a small right shoulder (though not that far of a reach), but still something to consider.
Oh, I see it. Thanks thadakman!
  • #21,003
  • Apr 7, 2010 7:20pm Apr 7, 2010 7:20pm
http://www.iii.co.uk/news/?type=afxn...action=article
  • #21,004
  • Apr 7, 2010 7:53pm Apr 7, 2010 7:53pm
Does anybody see any bulls coming??
  • #21,005
  • Apr 7, 2010 7:54pm Apr 7, 2010 7:54pm
news will move it significantly? any thoughts?
  • #21,006
  • Apr 7, 2010 8:01pm Apr 7, 2010 8:01pm
Quoting thadakman
Here's it is on the daily; a small right shoulder (though not that far of a reach), but still something to consider.

may be ,may be not.pattern wise it's right but I myself don't get the concept of an inverted H & Sh on a top- or even in the middle of a trend

this is what I think
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  • #21,007
  • Apr 7, 2010 8:11pm Apr 7, 2010 8:11pm
waiting for unemployement rates to come out
  • #21,008
  • Apr 7, 2010 8:26pm Apr 7, 2010 8:26pm
I won't be surprised to see worse employment data. Not that I'm gambling, but the fall is around the corner...(employment change)
  • #21,009
  • Apr 7, 2010 8:31pm Apr 7, 2010 8:31pm
That was a let down
  • #21,010
  • Apr 7, 2010 8:33pm Apr 7, 2010 8:33pm
Very uneventful.
  • #21,011
  • Apr 7, 2010 8:35pm Apr 7, 2010 8:35pm
good data or bad data?..
Revesal Trader
  • #21,012
  • Apr 7, 2010 8:36pm Apr 7, 2010 8:36pm
Quoting mygoldenpips
good data or bad data?..
No real change. So no data
  • #21,013
  • Apr 7, 2010 8:38pm Apr 7, 2010 8:38pm
I had my finger on the short trigger and was about to sell the *explitive* out of it.
  • #21,014
  • Apr 7, 2010 8:39pm Apr 7, 2010 8:39pm
Its making patterns that suggest higher prices currently.
  • #21,015
  • Apr 7, 2010 8:39pm Apr 7, 2010 8:39pm
i think still bearish...
  • #21,016
  • Apr 7, 2010 8:40pm Apr 7, 2010 8:40pm
Quoting amyc
Its making patterns that suggest higher prices currently.
what kind of pattern?

btw, I dont think so, it hasn't taken out the daily pivot yet
  • #21,017
  • Apr 7, 2010 8:47pm Apr 7, 2010 8:47pm
Quoting Saxon
No real change. So no data
You know what they say, "No News is Good News"!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #21,018
  • Apr 7, 2010 8:52pm Apr 7, 2010 8:52pm
Quoting shahab8b
what kind of pattern?

btw, I dont think so, it hasn't taken out the daily pivot yet
Chart on the left is making the same pattern that provided support at 9131, 9178 and 9217, in the last 5 days. Support at 9242 in the chart on the right wouldn't hold in a downtrend. Also it bounced off what I have as daily lows at 9245 as well. But I am not trading it just holding my longs from last week.

Although I am bearish every other market so it may go down by default if that proves correct.
Attached Image (click to enlarge)
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  • #21,019
  • Apr 7, 2010 8:52pm Apr 7, 2010 8:52pm
Quoting MarcVUM
You know what they say, "No News is Good News"!
I dunno, I wanted some bad news, I guess I am selfish. I feel that AUD is inflated and is really on the tipping point. I thought that some mild to moderate bad news would be all that was needed to send us for a slide. Then I could have just booked a nice large short and let it ride for a week or so. But, I guess if you really think about it. I woud have been making money on the unemployed's expense. I would rather make my money on an IR move than on the backs of the unemployed. Oh well, I guess that is one positive way to look at it ya know.
  • #21,020
  • Apr 7, 2010 9:00pm Apr 7, 2010 9:00pm
Quoting amyc
Chart on the left is making the same pattern that provided support at 9131, 9178 and 9217, in the last 5 days. Support at 9242 in the chart on the right wouldn't hold in a downtrend. Also it bounced off what I have as daily lows at 9245 as well. But I am not trading it just holding my longs from last week.

Although I am bearish every other market so it may go down by default if that proves correct.
thanks for the charts amyc, I got your point, you are right most of the time.
did you look at Kiwi fall, that makes me less bullish on Aussie, but this pair has its own story
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