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  • #21,061
  • Apr 8, 2010 12:09pm Apr 8, 2010 12:09pm
Quoting ubaidahsan
I have done my research on aussie over a month ago that is why I am saying for sell Ausssie please read my post and tell me if I am right the main reason of selling is the past price behavior please check aussie High and low year wise
year 2000...
Great analysis. Just to add briefly, since it's a macro view, Id be watching how economies will behave after all the stimulus packages end and whether or not a double dip recession in US and/or EU will follow. If all the recovery talks prove to be just talks, then USD will strengthen all across driving AU down as well.
  • #21,062
  • Apr 8, 2010 1:53pm Apr 8, 2010 1:53pm
Quoting MarcVUM
Saxon, I re-entered G/U at 1.5210. You still in this round?
Ya, I held my convictions in the swing and it paid off.
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  • #21,063
  • Apr 8, 2010 2:36pm Apr 8, 2010 2:36pm
Quoting Saxon
Ya, I held my convictions in the swing and it paid off.
It was quite a nice ride early this morning. Back to the slow grind again. Question: What time zone are you in and what, if any times do you find best for trading A/U and/or G/U?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #21,064
  • Apr 8, 2010 2:42pm Apr 8, 2010 2:42pm
Quoting MarcVUM
It was quite a nice ride early this morning. Back to the slow grind again. Question: What time zone are you in and what, if any times do you find best for trading A/U and/or G/U?
I am in US Mountain Time. So take like Eastern Time and subtract two, or take California time and add 1 hour. I live a couple hours from Vegas.

For me, trading a few hours before London and a few hours into London as has the fastest PA and is the least boring. I like to trade in the last few hours of NY too. The reason I like the hours right now so much is it seems that PA follows S/R lines really well. I can place my limits around those lines and feel confident. I guess if might be because the volumes aren't there to push through S/R.
  • #21,065
  • Apr 8, 2010 2:49pm Apr 8, 2010 2:49pm
Quoting Saxon
I am in US Mountain Time. So take like Eastern Time and subtract two, or take California time and add 1 hour. I live a couple hours from Vegas.
That's an interesting strategy around NY close. Thanks.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #21,066
  • Apr 8, 2010 2:56pm Apr 8, 2010 2:56pm
Quoting MarcVUM
That's an interesting strategy around NY close. Thanks.
So for example, now that we are nearing NY close you probably set a sell limit order around 9287 and will look for a bounce south from the R?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #21,067
  • Apr 8, 2010 3:07pm Apr 8, 2010 3:07pm
Well, I have FE 100 at around 92968 which is also near 93"00" for a roof. Right now we are on my minor S/R of 92811. If we fall, MAs might catch, but if not, I will have limits for the bounce in my 92595-92510. This area is really a dead zone to me. Prices come in and test the far side, but if they make it though, they usually continue. I will post a chart.
  • #21,068
  • Apr 8, 2010 3:22pm Apr 8, 2010 3:22pm
Here is a chart
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  • #21,069
  • Apr 8, 2010 3:27pm Apr 8, 2010 3:27pm
Quoting Saxon
Well, I have FE 100 at around 92968 which is also near 93"00" for a roof. Right now we are on my minor S/R of 92811. If we fall, MAs might catch, but if not, I will have limits for the bounce in my 92595-92510. This area is really a dead zone to me. Prices come in and test the far side, but if they make it though, they usually continue. I will post a chart.
FE = ?
  • #21,070
  • Apr 8, 2010 3:35pm Apr 8, 2010 3:35pm
FE = Fib Extension.

150 ma on M15 seems to be key as usual. Wouldn't be surprised for another hit before moving up.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #21,071
  • Apr 8, 2010 3:52pm Apr 8, 2010 3:52pm
No Vegas for me. Although if you want to know how to beat the Wild Cherry Slot machines let me know. I won 3 times in Vegas and once in the Bahamas!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #21,072
  • Apr 8, 2010 3:54pm Apr 8, 2010 3:54pm
Quoting MarcVUM
No Vegas for me. Although if you want to know how to beat the Wild Cherry Slot machines let me know. I won 3 times in Vegas and once in the Bahamas!
Ha, na, slots always take my money. At least with blackjack I feel I have a chance
  • #21,073
  • Apr 8, 2010 4:04pm Apr 8, 2010 4:04pm
I always monitor these guys at FX360


New Trade Alert: AUD/CHF At Critical Resistance

http://www.fx360.com/commentary/roge...=1270760585911
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #21,074
  • Apr 8, 2010 4:32pm Apr 8, 2010 4:32pm
Close to 0.9300 again. 1 hr oversold...so short again? I have a long trade with a TS right now...see what happens...A close below 0.9277 on 1 hr might signal the short...but that was last time.
  • #21,075
  • Apr 8, 2010 6:45pm Apr 8, 2010 6:45pm
ha3 close to 0.9300 and i allready short at 0.9277, ready to take another short at 0.9377, hopefully the trend move down very soon.
  • #21,076
  • Apr 8, 2010 6:51pm Apr 8, 2010 6:51pm
Quoting yeri
ha3 close to 0.9300 and i allready short at 0.9277, ready to take another short at 0.9377, hopefully the trend move down very soon.
9377 or 9307

do you think it will go to 9377?
  • #21,077
  • Apr 8, 2010 6:51pm Apr 8, 2010 6:51pm
Quoting yeri
ha3 close to 0.9300 and i allready short at 0.9277, ready to take another short at 0.9377, hopefully the trend move down very soon.
Weekly R at 9330
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #21,078
  • Edited 7:18pm Apr 8, 2010 7:02pm | Edited 7:18pm
Thanks for the research efforts UB...it's definitely useful information...
I'm not an extreme chartist, but I am shorting at this point - reasons being:-
1. Australian economy seems to be doing better than other developed nations; however, I don't think we are completely out of the 'woods' just yet - although sentiments around the world is still up at this stage

2. At some point, Australia will stop raising their rates...which is one of the many factors pushing our currency up, along with all the commodity activities

3. US data has come out with somewhat better than expected.....and they may surprise the market with earlier rate rises - pushing the AUD down as US seems to recover

4. My H4 to D1 charts are topping around this area...

5. Your stats seems to be quite supportive of all the reasons that I would stay short around these area

6. At this point where the the global market 'seems' to be recovering...Greece is still in crisis (although a small part of EU) it's a clear indication that things really aren't as good as it seems

That's my 2cents anyway...


Quoting ubaidahsan
I have done my research on aussie over a month ago that is why I am saying for sell Ausssie please read my post and tell me if I am right the main reason of selling is the past price behavior please check aussie High and low year wise
year 2000...
  • #21,079
  • Apr 8, 2010 7:41pm Apr 8, 2010 7:41pm
9330 strong resistance. 7x top?

Some trader talk hinting @ RBA intervention in this area.

No talk rearity as was noted last year.

Significant break of 9350 would be bullish.
  • #21,080
  • Apr 8, 2010 8:10pm Apr 8, 2010 8:10pm
Failed to break above 9293. Down to test 9220 again
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