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  • #9,761
  • Dec 2, 2010 8:37pm Dec 2, 2010 8:37pm
Looks pretty Bearish to me, I'd say .95. The next H4 candlestick should give a good hint.


Quoting MarcVUM
Alright guys/gals... what do we see first on A/U (1.00 or .95)? E/U (1.40 or 1.25)?
Annoying Precision
  • #9,762
  • Dec 2, 2010 8:40pm Dec 2, 2010 8:40pm
Char
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Annoying Precision
  • #9,763
  • Dec 2, 2010 8:42pm Dec 2, 2010 8:42pm
Quoting erikte279
Looks pretty Bearish to me, I'd say .95. The next H4 candlestick should give a good hint.
The stochs are overbought but I think a retrace to the 9700 area and then continue up as Amy has predicted.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,764
  • Dec 2, 2010 8:51pm Dec 2, 2010 8:51pm
Call me crazy but I still think the HS is still valid, a decent rejection and .95 would be a conservative target imo.

Quoting MarcVUM
The stochs are overbought but I think a retrace to the 9700 area and then continue up as Amy has predicted.
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Annoying Precision
  • #9,765
  • Dec 2, 2010 8:57pm Dec 2, 2010 8:57pm
Quoting erikte279
Call me crazy but I still think the HS is still valid, a decent rejection and .95 would be a conservative target imo.
I am not a big lover of H&S patterns and I have seen other members draw the support as you have (diagonally) but imo it looks a bit silly. Why not draw it as I have below? I like trend lines but they have to have beef to back them up...I've seen a lot of members out there that come up with some crazy trend lines...sometimes I think they hit the bong a little too hard!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,766
  • Dec 2, 2010 9:21pm Dec 2, 2010 9:21pm
I suppose it's something of personal preference, I've found them to be useful although I dont ususally take trade signals from them. More to illustrate my case I suppose.

Quoting MarcVUM
I am not a big lover of H&S patterns and I have seen other members draw the support as you have (diagonally) but imo it looks a bit silly. Why not draw it as I have below? I like trend lines but they have to have beef to back them up...I've seen a lot of members out there that come up with some crazy trend lines...sometimes I think they hit the bong a little too hard!
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Annoying Precision
  • #9,767
  • Dec 2, 2010 9:22pm Dec 2, 2010 9:22pm
The correct daily
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Annoying Precision
  • #9,768
  • Dec 2, 2010 9:24pm Dec 2, 2010 9:24pm
Quoting MarcVUM
Alright guys/gals... what do we see first on A/U (1.00 or .95)? E/U (1.40 or 1.25)?
HI Mark,
My order got hit at 9710, and I added up another lot at 97.6, sl 9805. Short on EU from 1.3240. I removed my SL and hedged the two lots by going long on DJ. I am closing my long now just staying short on EU and AU. I think 97.8 will be the top line for AU and if EU closed below 1.325 this week we will see much lower levels next week (1.27xx). I can't chart anything at the moment from my system as my internet connection is very poor. ( dial up). Will post charts in a few days,

Astrologically, Its time for US to prosper. Specially from 15th Dec onwards. I see the dollar rising along with stocks. Cant explain that one yet technically or fundamentally. lol.
Find a job that you love and you dont have to work again in your life.
  • #9,769
  • Dec 2, 2010 9:26pm Dec 2, 2010 9:26pm
Quoting erikte279
I suppose it's something of personal preference, I've found them to be useful although I dont ususally take trade signals from them. More to illustrate my case I suppose.
I understand you. At this point I think I'm just going to hold onto my longs and watch the H4 chart...by morning time (a couple more H4 candles) it should be moving higher. Only London can decide the fate of the market now! See you later...time for bed.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,770
  • Dec 2, 2010 9:28pm Dec 2, 2010 9:28pm
Quoting tradoholic
HI Mark,
My order got hit at 9710, and I added up another lot at 97.6, sl 9805. Short on EU from 1.3240. I removed my SL and hedged the two lots by going long on DJ. I am closing my long now just staying short on EU and AU. I think 97.8 will be the top line for AU and if EU closed below 1.325 this week we will see much lower levels next week (1.27xx). I can't chart anything at the moment from my system as my internet connection is very poor. ( dial up). Will post charts in...
Thanks for your thoughts! I hope all is going well with your business trip!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,771
  • Dec 2, 2010 10:09pm Dec 2, 2010 10:09pm
Quoting MarcVUM
Thanks for your thoughts! I hope all is going well with your business trip!
thanks. Business is great, having fun along the way. Currently in Iran and its amazing how cultures differ from each other. Makes you think can the world ever get united as one country? If there are aliens and other planets out there, are they also divided like us. 2012? ......
Since I cant get much on the news here, ( censorship of TV and internet), can you pl tell me if there has there been much talk about china raising rates? Do you think they will do it this week after the markets close in Asia?
Also we have the RBA announcement next week about the AU rates, I dont think there will be one and the market is already pricing it in.
Find a job that you love and you dont have to work again in your life.
  • #9,772
  • Dec 2, 2010 10:12pm Dec 2, 2010 10:12pm
AU looking for a move back to 9694 to take more long
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  • #9,773
  • Dec 2, 2010 10:16pm Dec 2, 2010 10:16pm
Quoting amyc
Next 20 weeks or so perhaps. I think we have bottomed, the S&P is going to keep going higher and if that goes higher then au should go with it, I have no plans to tp on my longs at the moment.
For eu if it closes the week above 1.3363 then it has done its lows, if not then we need to wait till next week and see.
Thanks Amy,

I don't necessarily agree, but there were some things I was hoping to see this week that didn't play out at all, so I'm keeping my outlook flexible.
  • #9,774
  • Dec 2, 2010 10:36pm Dec 2, 2010 10:36pm
Quoting Low
Thanks Amy,

I don't necessarily agree, but there were some things I was hoping to see this week that didn't play out at all, so I'm keeping my outlook flexible.
Currently AU is not bearish at all to me, to change my mind it would need a weekly close below 9558, At the moment everything points to a move back to 1.0197 and beyond.
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  • #9,775
  • Dec 2, 2010 10:45pm Dec 2, 2010 10:45pm
S&P is not bearish either, the chances of that going down Friday are slim to none.
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  • #9,776
  • Dec 2, 2010 10:50pm Dec 2, 2010 10:50pm
EU is targeting the green highs for Friday
touching and closing below= bearish
closing above =bullish
not reaching that far on Friday means it should try again on Monday.
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  • #9,777
  • Dec 3, 2010 4:16am Dec 3, 2010 4:16am
Quoting amyc
Currently AU is not bearish at all to me, to change my mind it would need a weekly close below 9558, At the moment everything points to a move back to 1.0197 and beyond.


Just taken a 30 pips from 9780 long, will be in once it retraced to 9800....any advice?
  • #9,778
  • Dec 3, 2010 9:15am Dec 3, 2010 9:15am
A/U. Ok. Now I see from 9886 down to 9800 - 9810 area where we have the 23 Fib and also a S/R line. Look at the overbought stochs as well!

Have a great weekend everyone!
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,779
  • Dec 3, 2010 2:54pm Dec 3, 2010 2:54pm
Quoting MarcVUM
A/U. Ok. Now I see from 9886 down to 9800 - 9810 area where we have the 23 Fib and also a S/R line. Look at the overbought stochs as well!

Have a great weekend everyone!

9940! Wow, much stronger than I imagined!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,780
  • Dec 3, 2010 3:03pm Dec 3, 2010 3:03pm
Quoting amyc
EU is targeting the green highs for Friday
touching and closing below= bearish
closing above =bullish
not reaching that far on Friday means it should try again on Monday.
I should just get used to you being right.
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