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AUD/USD

anyone else see the bear flag on the 15m? shorting here with tight stop
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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.
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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..."
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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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!
Quoting Phonetic
my head is killing me right now!
Got SLed, now I can rest in peace.
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..."
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.
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..."
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.
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.
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?
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.
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.
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.
I see a head and shoulders formation forming on daily chart looking very bearish to me
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.
lower prices are coming: .8750 minimum over the next week. of course anything can happen in Forex and this is only my opinion!
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..."
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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