AUD/USD

it's been a month since i left this pair,

egkid: do you short this pair or long this pair? this pair really tickle me to jump inside this war again....

Hi bro
My trade :
http://www.forexfactory.com/showpost...ostcount=21653

lol have a happy holiday if you are in US. if not have a happy day been a good month. time to relax for a few days.

going to enjoy a day by the pool monday.

and be geared and ready for next week. should be exciting.

wow, did you still holding your short from 91.xx level? ha3 nice profit mate.

A/U H4 Two past situations and the current situation. The second white oval in each picture is of the yellow (21ema) crossing the black (35sma). I can also show this same type of thing on the Daily chart but the fact of the matter is that we are heading higher IMO.

History repeating itself... you can draw your own conclusions. Let me know if you have any questions.

post noted my apology my bad.

The chart for the fall in 08 looks the same as the current fall. .85 is the 4th wave up on the possible 5 wave fall from .93 into the 70s.

World crisis hit in 08 that resulted in US bailouts to save economies, it tanked .35 cents. Now we have the Euro bailouts and the fear and problems are just going to get worse as Spain and Portugal come to roost, and the AUD is falling again.

Australia's currency is overvalued as well. Shoes that cost 120USD retail are selling in malls for 225AUD. How is the real currency value close to parity when all imported goods are like this down under. I understand some shipping costs and such, but the prices didn't go up for shoes when it was .62AUD-1USD. Housing bubbles and various other australian problems exist but if you look at the info, it just seems obvious.

Even if it goes up from here, it has to come down later on when other world problems become just too much and people jump from high risk currencies.

Your blood is mine AUD

Shorts on A/U @ .8653, A/SGD @ 1.2148, E/U @ 1.4138, E/U @ 1.2338

can you show us or tell us why you want to short those pairs from that level and why? are you guessing?

Bluebear,

Thank you for that post, I sold my A/U shorts at 85.11 after you posted that good technical find, and it broke out minutes later. The debatable part (time will tell) is I bought back in short at 85.45 after the breakout lost steam to make any real push. But thanks again for that post, saved me some coin.

I didn't mean in my last post to be like, its going down... that is just my market position. I would love to hear Marc continue on why he feels its going up, or anyone else. I see the chart and looking for further explanation if you have time or whatever. Thanks for you time, gl to everyone... be safe.

Are you using the 21ema on A/U daily chart to determine the short @8653?

M504, is there anything specifically I can answer for you? PM me if so.

AUDUSD: PRICE AT 0.8472.

WEEKLY: OVERSOLD TARGET IS 50% FIB0 FROM 0.9435 =0.8700

DAILY: UPWARDS MOVEMENT.RSI 41

4HR: DOWNTREND LINE BROKEN AT 0.8330.WAVE 1 FORMED RETRACED

0.681 FIB0-0.8397,CAN STILL GO TO 50 FIBO-0.8343 THEN BUY STARTS UP TOWARD 0.8700

30MINS-OVERBOT.WAIT FOR OVERSOLD AND DISTINCT TREND LINE BREAK. THEN BUY UP

NOTE, WHEN PRICE GETS TO 0.8700, THERE IS PROBABILITY TO SELL DOWN TO 0.7789 = 1.681 FIBO OF WEEKLY RESISTANCE AT 89EMA=0.8007

OVER 2 U
HAPPY TRADE

Got some setups but think they will not happen according the pa seeing piercing line on 1 h but i will wait patiently.



http://i49.tinypic.com/sv6pu1.jpg

I use a daily Ichimoku chart on all these pairs. I also used the E/AUD as a hedge against all the other three pairs.

In this setup you will notice that the rate of change of the E/AUD pair is much higher than the other 3. This would suggest that there has been heavy covering on AUD's against EUR holdings compared to the holdings against other currencies.

The outcome of this setup I have learned is the ratio to hedge against this pair. Though I am in the positive it would have been better if I knew the ratio before hand.

Went long at 0.8092 aim 0.8600. This seems bullish to me.

still waiting a good price to enter this pair. i would short this pair at 0.88xx .

Closed the long at 0.8510. Now will enter at 0.8440. Hopefully it'll go up.

While I'm reluctant to go against the trend, I'm long at 8450 but with a small s/l. Risking much less than my usual 3%.

Aussie has been rather weak recently with the dollar appreciation dramatically. There's no clear direction now. Hopefully it'll maintain at this level and let the market decide what's the best levels.

hmm opened feeler short at .8462. i've got 50% retrace from low at .86 ish. but weaker than normal retrace? who knows. lol that's what the stops for.