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AUD/USD

  • #22,641
  • Aug 18, 2010 9:05am Aug 18, 2010 9:05am
anyone else see the bear flag on the 15m? shorting here with tight stop
Attached Image (click to enlarge)
Click to Enlarge Name: chart5.gif Size: 15 KB
  • #22,642
  • Aug 18, 2010 9:11am Aug 18, 2010 9:11am
Quoting Phonetic
anyone else see the bear flag on the 15m? shorting here with tight stop
Possible, but not a good looking flag, I'm bearish too BTW. My head hurts from trying to move the pair downside.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_AUD_USD_15 Mins_snapshot.png Size: 21 KB
  • #22,643
  • Aug 18, 2010 9:12am Aug 18, 2010 9:12am
Quoting Phonetic
anyone else see the bear flag on the 15m? shorting here with tight stop

I do see what you are talking about, but it looks like if Aud can regain .90, the pattern would be invalidated. I'm long Aussie here, but that is an ominous-looking price pattern on the M15.
"If it was good enough for Gann, it's good enough for me..."
  • #22,644
  • Aug 18, 2010 9:17am Aug 18, 2010 9:17am
Quoting FFBrian13
I do see what you are talking about, but it looks like if Aud can regain .90, the pattern would be invalidated. I'm long Aussie here, but that is an ominous-looking price pattern on the M15.
little risky, stops are just above .90

just a different view: (this same setup occurred a week or two ago, or rather similar setup, and it worked out well for shorts...we'll see)
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Click to Enlarge Name: chart5.gif Size: 16 KB
  • #22,645
  • Aug 18, 2010 9:49am Aug 18, 2010 9:49am
Quoting kandarv
Possible, but not a good looking flag, I'm bearish too BTW. My head hurts from trying to move the pair downside.
my head is killing me right now!
  • #22,646
  • Aug 18, 2010 10:09am Aug 18, 2010 10:09am
Quoting Phonetic
my head is killing me right now!
Got SLed, now I can rest in peace.
  • #22,647
  • Aug 18, 2010 10:10am Aug 18, 2010 10:10am
Methinks .9080-.9100 might be in the cards. Equities just got a shot in the arm.
"If it was good enough for Gann, it's good enough for me..."
  • #22,648
  • Aug 18, 2010 10:12am Aug 18, 2010 10:12am
Quoting FFBrian13
Methinks .9080-.9100 might be in the cards. Equities just got a shot in the arm.
Yes I'm seeing and not believing the rally on the stock markets, better wait to the steam dissipates.
  • #22,649
  • Aug 18, 2010 10:14am Aug 18, 2010 10:14am
Quoting kandarv
Yes I'm seeing and not believing the rally on the stock markets, better wait to the steam dissipates.

No news. No data. No explination other than crappy summertime trading conditions
"If it was good enough for Gann, it's good enough for me..."
  • #22,650
  • Aug 18, 2010 10:25am Aug 18, 2010 10:25am
Quoting FFBrian13
No news. No data. No explination other than crappy summertime trading conditions
I'm starting to think that the market just went hunting my SL.
  • #22,651
  • Aug 18, 2010 11:20am Aug 18, 2010 11:20am
AUD/USD is supposed to be going UP!! UP, I said!! Why is it stalling again? So frustrated with this summer trading!!

When are the summer trading months over? Is it like this every year? If it is, I am going on vacation during this month next year.
Make your losses in demo. Earn your profits live.
  • #22,652
  • Aug 18, 2010 11:28am Aug 18, 2010 11:28am
Quoting Forexia
AUD/USD is supposed to be going UP!! UP, I said!! Why is it stalling again? So frustrated with this summer trading!!

When are the summer trading months over? Is it like this every year? If it is, I am going on vacation during this month next year.
Why is supposed to go up?
  • #22,653
  • Aug 18, 2010 11:34am Aug 18, 2010 11:34am
Quoting kandarv
Why is supposed to go up?
My trading system says so. I believe AUD/USD is bullish.
Make your losses in demo. Earn your profits live.
  • #22,654
  • Aug 18, 2010 11:41am Aug 18, 2010 11:41am
Quoting Forexia
My trading system says so. I believe AUD/USD is bullish.
OK, good luck. On my system I believe AUDUSD is bearish, but anything can happen.
  • #22,655
  • Aug 18, 2010 12:13pm Aug 18, 2010 12:13pm
Quoting FFBrian13
No news. No data. No explination other than crappy summertime trading conditions
simply capitulation and internal accumulation thats propping the aussy up with overall bullish orderflow.
  • #22,656
  • Aug 18, 2010 12:18pm Aug 18, 2010 12:18pm
I see a head and shoulders formation forming on daily chart looking very bearish to me
  • #22,657
  • Aug 18, 2010 1:02pm Aug 18, 2010 1:02pm
Someone certainly thinks so....found this in the EUR thread.

2010-08-18_Forex Focus (09h15 CET) 001.pdf (11.3 KB)

If you create a fib off the low of May 25th to the recent Aug 6th high, we could see a 50% retrace as low as 8645 !! wouldn't that be sumthin.

Disregard all prognostications.
  • #22,658
  • Aug 18, 2010 2:02pm Aug 18, 2010 2:02pm
lower prices are coming: .8750 minimum over the next week. of course anything can happen in Forex and this is only my opinion!
  • #22,659
  • Aug 18, 2010 6:29pm Aug 18, 2010 6:29pm
I have .8950-60 as the 61.8% retracement of the move from .8880 to .9075. Held up so far, and keeping fingers crossed that this is the line in the sand. SL for my long positions @ .8944.
"If it was good enough for Gann, it's good enough for me..."
  • #22,660
  • Aug 18, 2010 6:45pm Aug 18, 2010 6:45pm
http://noir.bloomberg.com/apps/news?..._r8IgLQw&pos=5

pretty much the election determines where the aud is headed. i am rooting for abbott
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