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AUD/USD

  • #24,061
  • Oct 6, 2010 8:46pm Oct 6, 2010 8:46pm
It's looks flagish Damo. I'll have to stick around and watch.
  • #24,062
  • Oct 6, 2010 8:51pm Oct 6, 2010 8:51pm
Quoting aussietrader
It's looks flagish Damo. I'll have to stick around and watch.
I think the Euro is offered .
We may see a test of the downside on this which will drag the oz..
some have bght on the break of 9800-10.. watch stops below that..
  • #24,063
  • Oct 6, 2010 8:55pm Oct 6, 2010 8:55pm
Quoting lasty
I think the Euro is offered .
We may see a test of the downside on this which will drag the oz..
some have bght on the break of 9800-10.. watch stops below that..

What do you mean by Euro is offered?
  • #24,064
  • Oct 6, 2010 9:00pm Oct 6, 2010 9:00pm
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting lasty
I think the Euro is offered .
We may see a test of the downside on this which will drag the oz..
some have bght on the break of 9800-10.. watch stops below that..
Maybe. I actually think the Aussie is pulling the others up. Now if the Aussie has run out of steam then the EUR and GBP will drop fast.

5 min flag is a dud, 15 min looks good. If that fails then it might be just the right time to rollover.

Also, the Aussie & Asian sessions are the slowest in volume yet this is where most of the price increase has been.....think about it....market manipulation.
Trade what you see, not what you think.
  • #24,065
  • Oct 6, 2010 9:05pm Oct 6, 2010 9:05pm
Quoting damo
Maybe. I actually think the Aussie is pulling the others up. Now if the Aussie has run out of steam then the EUR and GBP will drop fast.

5 min flag is a dud, 15 min looks good. If that fails then it might be just the right time to rollover.

Also, the Aussie & Asian sessions are the slowest in volume yet this is where most of the price increase has been.....think about it....market manipulation.

yes
  • #24,066
  • Oct 6, 2010 9:09pm Oct 6, 2010 9:09pm
My 2008 July 13th shows high of 0.98490 and highest so far today is 0.98436.
I don’t think they can resist pushing up at least 0.00054 +1, to break the record.
  • #24,067
  • Oct 6, 2010 9:11pm Oct 6, 2010 9:11pm
Istnt the theory in play what goes so high must come back down ?
who raped silver !
  • #24,068
  • Oct 6, 2010 9:14pm Oct 6, 2010 9:14pm
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting kfx3001
Istnt the theory in play what goes so high must come back down ?
Eventually......if you don't get a margin call while waiting
Trade what you see, not what you think.
  • #24,069
  • Oct 6, 2010 9:18pm Oct 6, 2010 9:18pm
Quoting damo
Eventually......if you don't get a margin call while waiting
lolllll
  • #24,070
  • Oct 6, 2010 9:25pm Oct 6, 2010 9:25pm
Quoting damo
I am shocked at how many bozo's on this forum are still calling shorts. These guys must be either brave or broke. Since Tuesday the Aussie has rallied on 300 pips, and all I've heard were shorts.

Price to watch is 9852 - all time high.

Don't mess with the trend.
Actually it is the same thing in the EUR/USD thread, and I imagine many others. Why try to short, when going long with the trend is the easiest money you will ever make. The last couple of months have been some of the easiest trading i have ever seen. All you gotta do is follow the trend and sell the shit out of the dollar, regardless of pair
Stubbornly persistent
  • #24,071
  • Oct 6, 2010 9:27pm Oct 6, 2010 9:27pm
AUD up like a rocket coming down like a ot air balloon
  • #24,072
  • Oct 6, 2010 9:34pm Oct 6, 2010 9:34pm
Quoting sergiu
Actually it is the same thing in the EUR/USD thread, and I imagine many others. Why try to short, when going long with the trend is the easiest money you will ever make. The last couple of months have been some of the easiest trading i have ever seen. All you gotta do is follow the trend and sell the shit out of the dollar, regardless of pair
Is AUD still on the ride to the sky? I was on the ride with Gold, closed at 1348 from 1300. Not much trading in AUDUSD. Should I join in long or wait until some retracement occur before going long? Any advice is appreciated.
  • #24,073
  • Oct 6, 2010 9:37pm Oct 6, 2010 9:37pm
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting jacob_ice
Is AUD still on the ride to the sky? I was on the ride with Gold, closed at 1348 from 1300. Not much trading in AUDUSD. Should I join in long or wait until some retracement occur before going long? Any advice is appreciated.
It might be a bit late to join the longs.Even though it may have a little muscle left in it, the risk of a pullback or turnaround is high.
Trade what you see, not what you think.
  • #24,074
  • Oct 6, 2010 9:38pm Oct 6, 2010 9:38pm
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting sergiu
Actually it is the same thing in the EUR/USD thread, and I imagine many others. Why try to short, when going long with the trend is the easiest money you will ever make. The last couple of months have been some of the easiest trading i have ever seen. All you gotta do is follow the trend and sell the shit out of the dollar, regardless of pair
I agree. What do you think......should we start our own thread on trend trading the majors?
Trade what you see, not what you think.
  • #24,075
  • Oct 6, 2010 9:49pm Oct 6, 2010 9:49pm
Quoting damo
I agree. What do you think......should we start our own thread on trend trading the majors?
If you start something, I'll certainly chime in. I trade mostly with fundamentals in mind. They do however tend to be in synch with technical trends more often than not.
Cheers...
Stubbornly persistent
  • #24,076
  • Oct 6, 2010 9:50pm Oct 6, 2010 9:50pm
Quoting damo
It might be a bit late to join the longs.Even though it may have a little muscle left in it, the risk of a pullback or turnaround is high.
Are you implying the reversal trend is about to trigger shortly? I see most traders on this forum still holding their position for longs and expecting to see higher resistances.
  • #24,077
  • Oct 6, 2010 9:54pm Oct 6, 2010 9:54pm
Quoting jacob_ice
Are you implying the reversal trend is about to trigger shortly? I see most traders on this forum still holding their position for longs and expecting to see higher resistances.
I dont dougt it! 9850 is my number for a short and will ride that to about 9350 for a correction then long again. of couse thats my take on it those numbers arent exact but just a range in which ill be watching price action.
"Pippin aint easy"
  • #24,078
  • Oct 6, 2010 10:03pm Oct 6, 2010 10:03pm
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting jacob_ice
Are you implying the reversal trend is about to trigger shortly? I see most traders on this forum still holding their position for longs and expecting to see higher resistances.
No I'm not implying this. I'm saying the end may be near. The trend may be approaching exhaustion. The trend is certainly old so the odds of it continuing are diminishing. However, watch that 15min flag I previously posted about. It might be the last push up.

There are lots of reasons why I have posted that this trend may have reached an exhaustion point. Bear in mind, that I trade with the trend and the trend is up. I just wouldn't enter now.
Trade what you see, not what you think.
  • #24,079
  • Oct 6, 2010 10:05pm Oct 6, 2010 10:05pm
Quoting buitragojl
i dont dougt it! 9850 is my number for a short and will ride that to about 9350 for a correction then long again. Of couse thats my take on it those numbers arent exact but just a range in which ill be watching price action.
Attached Image

a lil elliot wave and horizontal s/r
"Pippin aint easy"
  • #24,080
  • Oct 6, 2010 10:05pm Oct 6, 2010 10:05pm
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Also, this would have to be the quietest this pair has been all week!

It's either the calm before the storm, or, no more bulls.
Trade what you see, not what you think.
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