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AUD/USD

  • #21,181
  • Apr 13, 2010 7:14pm Apr 13, 2010 7:14pm
Quoting Daytrader74
Yes SL 0.9290
i going to follow ur call too. coz i know ur right more than 6 of 10 times...
  • #21,182
  • Apr 13, 2010 7:18pm Apr 13, 2010 7:18pm
Quoting john123x
i going to follow ur call too. coz i know ur right more than 6 of 10 times...
Its entirely up to you to follow my call or not , however I'd recommend you conduct your own research.
  • #21,183
  • Apr 13, 2010 10:43pm Apr 13, 2010 10:43pm
must all be on holidays this thread has slowed right down, use to be great ?
LONG ALL THE WAY LONG TERM
  • #21,184
  • Edited 11:26pm Apr 13, 2010 10:43pm | Edited 11:26pm
party is over for OZ for now. Expected further tightening which drove price to the current level is now off the table in light of continuing bad news across the board but particularly loan approvals. I would be very surprised if the london guys dont take this down at least 100 pips in todays session but i think the rest of the market will be just that - surprised and caught long with there pants down. I made a good few pips riding it to .93 (+30) but I am not looking for any more longs today. Price is currently testing the M4 pivot and if my fundamentals are correct, it does not belong anywhere near that level today. we shall see if the market agrees with me or not soon.

there is a bullish continuation pattern forming on the 15 minute so best watch this play out. if it fails i will sell a break lower pretty hard but really where is it going to go? whats going to drive it there?
Attached Image (click to enlarge)
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BTC Return This Year: na
  • #21,185
  • Edited Apr 14, 2010 1:49am Apr 13, 2010 11:22pm | Edited Apr 14, 2010 1:49am
CHART 1: price failed to break the m4 pivot as expected, despite the flag breakout. I didnt bother waiting for the break lower and sold the rally upto the pivot
EDIT:
CHART 2 : bugga! just gave back 15 pips. This retest is do or die though. If it doesnt break on this third attempt - look out belooowww!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: aud11.jpg Size: 87 KB
BTC Return This Year: na
  • #21,186
  • Apr 14, 2010 1:35am Apr 14, 2010 1:35am
I fancy this pair has a little bit more steam to blow off .... stops are abound approaching the .94-43 level.


However if we are to reach that area I cant see it staying there for long, as the big guys would most likely tank it real fast not allowing longs to lock in profits. Another supposition is that such a move would happen in really "obscure" hours.

On the side line until we approach/breach the 0.94 area.

Of course, I would be wrong...
  • #21,187
  • Apr 14, 2010 1:41am Apr 14, 2010 1:41am
As a side note... The Chinese Earthquake appears to have little/no impact on equities, although this can change real fast.
  • #21,188
  • Apr 14, 2010 2:15am Apr 14, 2010 2:15am
It's recovered as described last night however there is resistance at 9325. Warwick I agree that further resistance will appear at 9400. Looking at the daily, if it breaks that level then it could run to 9700 without too many bumps.

Alternatively it could be triggered into another big wave down. (This is what happened on the previous 3 occasions that it got into this range and failed to hold).

Thing is, on the current big rally (2.5 months) it has had two turning points and found support at 88 and 90. Maybe the new base support level is at 92? Just thinking out loud here..

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  • #21,189
  • Apr 14, 2010 4:31am Apr 14, 2010 4:31am
tested and passed up we go again
  • #21,190
  • Apr 14, 2010 4:32am Apr 14, 2010 4:32am
Quoting ivanovic01
tested and passed up we go again
passed?

maybe you should wait at least a H1 candle to close ...
  • #21,191
  • Apr 14, 2010 4:38am Apr 14, 2010 4:38am
Quoting ivanovic01
tested and passed up we go again
Maybe Ill keep my big ideas to myself from now on
Quoting M.A.C.Doug
party is over for OZ for now. Expected further tightening which drove price to the current level is now off the table in light of continuing bad news across the board but particularly loan approvals. I would be very surprised if the london guys dont take this down at least 100 pips in todays session but i think the rest of the market will be just that - surprised and caught long with there pants down.
BTC Return This Year: na
  • #21,192
  • Apr 14, 2010 4:38am Apr 14, 2010 4:38am
my opinion:

1) the first daily of the week is a very massive red candle...

2) at this moment volume is not high enough to break to upside

3) RSI says me that she is overbought

4) Stoch says the same as 3)

so I won't enter long at this moment.
  • #21,193
  • Apr 14, 2010 4:41am Apr 14, 2010 4:41am
Quoting M.A.C.Doug
Maybe Ill keep my big ideas to myself from now on
ooh hey don't worry about others....you just do what you think is right....i have been short myself....just scalping other pairs around it to keep myself at bay....I fancy a down move myself.....lets see
Raza
  • #21,194
  • Apr 14, 2010 4:45am Apr 14, 2010 4:45am
Quoting M.A.C.Doug
Maybe Ill keep my big ideas to myself from now on
congrats to you 1000 posts
  • #21,195
  • Apr 14, 2010 4:51am Apr 14, 2010 4:51am
Quoting sibajnok
congrats to you 1000 posts
Thanks man, I hadnt noticed. seriously though i think I'll stop filling up shah's thread with my babble
BTC Return This Year: na
  • #21,196
  • Apr 14, 2010 5:00am Apr 14, 2010 5:00am
It will be nice area to go short...







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  • #21,197
  • Apr 14, 2010 5:15am Apr 14, 2010 5:15am
Quoting Cotton-I-Jo
It will be nice area to go short...
I am ready to short, but not now.

The RSI is supported by a bullish trend line, and what most important is that USD news are coming very soon.
Attached Image
  • #21,198
  • Apr 14, 2010 5:19am Apr 14, 2010 5:19am
Quoting sibajnok
I am ready to short, but not now.

The RSI is supported by a bullish trend line, and what most important is that USD news are coming very soon.
indeed, patience needs to be exercised in fx.
  • #21,199
  • Apr 14, 2010 5:22am Apr 14, 2010 5:22am
Short 0.9345 TP 0.9300
  • #21,200
  • Apr 14, 2010 5:27am Apr 14, 2010 5:27am
Quoting Daytrader74
Short 0.9345 TP 0.9300

Can you handle 0.9370-90+

Just kidding...at least you rode it up which was pretty swell. Nonetheless


Im waiting for a breach of .94 to clear out a few stops.
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