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AUD/USD

  • #26,381
  • Jan 2, 2011 1:15pm Jan 2, 2011 1:15pm
I have been off last day of year so I was unable to buy before weekend.

I will buy when it opens with TP 1.0350

Good Luck to everyone in New Year.
  • #26,382
  • Jan 2, 2011 1:50pm Jan 2, 2011 1:50pm
A good New Year to all of you, may you make lots of money trading this year. Word of caution the AUDUSD is going up.

When looking for a potential turn use the day charts better yet use the weekly or monthly charts. On the monthly chart we can see this wave breaking into 5, this is a negative sign, when the last wave up fragments like this.

My expectation for a top is the 30.1.2011 to 06.02.2011, range

price targets 1.09214, 1.06834,1.05696, as we approach the day look for the price level to be hit, usually to within 30 pips or so, until we take out the 4th wave low at 0.95245 we are up. Couple of days are shown where we might see reactions to the downside, high possibility the big turn comes in on the 31.1.2011 because the 30th is a Sunday.
Attached Image(s) (click to enlarge)
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  • #26,383
  • Jan 2, 2011 3:19pm Jan 2, 2011 3:19pm
Quoting Mike Haran
A good New Year to all of you, may you make lots of money trading this year. Word of caution the AUDUSD is going up.

When looking for a potential turn use the day charts better yet use the weekly or monthly charts. On the monthly chart we can see this wave breaking into 5, this is a negative sign, when the last wave up fragments like this.

My expectation for a top is the 30.1.2011 to 06.02.2011, range

price targets 1.09214, 1.06834,1.05696, as we approach the day look for the price level to be hit, usually to within 30 pips or so, until we...

Do you think that your wave labelled 5 (in the first chart) is in place?

BTW, 1.0198...

Thanks
Use me as a contrarian indicator
  • #26,384
  • Jan 2, 2011 3:46pm Jan 2, 2011 3:46pm
Quoting Mike Haran
A good New Year to all of you, may you make lots of money trading this year. Word of caution the AUDUSD is going up.

When looking for a potential turn use the day charts better yet use the weekly or monthly charts. On the monthly chart we can see this wave breaking into 5, this is a negative sign, when the last wave up fragments like this.

My expectation for a top is the 30.1.2011 to 06.02.2011, range

price targets 1.09214, 1.06834,1.05696, as we approach the day look for the price level to be hit,...
Not saying it isn't going up {even though I am still fundamentally short biased} ...

But one thing I have learned in general trading, the 'general consensus' is almost always wrong.
  • #26,385
  • Jan 2, 2011 4:23pm Jan 2, 2011 4:23pm
Quoting Mike Haran
A good New Year to all of you, may you make lots of money trading this year. Word of caution the AUDUSD is going up.

When looking for a potential turn use the day charts better yet use the weekly or monthly charts. On the monthly chart we can see this wave breaking into 5, this is a negative sign, when the last wave up fragments like this.

My expectation for a top is the 30.1.2011 to 06.02.2011, range

price targets 1.09214, 1.06834,1.05696, as we approach the day look for the price level to be hit, usually to within 30 pips or so, until...
Thanks Mike Haran.. Don't you worry..Our Longs still maintains..Myself is also in the same view like yours. In the meantime we're only planning to anticipate the daily fundamentals to MAXIMIZE PROFITS. (....if we're still around ) regards !
Attached Image(s) (click to enlarge)
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  • #26,386
  • Edited 5:44pm Jan 2, 2011 4:53pm | Edited 5:44pm
AiG Performance of Mfg Index Current = 47.6 Question raise.. How come like that ? .....while AUD is gainning ? Isn't something wrong... somewhere ? What do you expect if China slow down its growth ?

Oct'10 = 47.3
Nov'10 = 49.4
Dec'10 = 47.6

AiG performance of the Mfg Index released by the Australian Industry Group presents business conditions in the Australian manufacturing sector. The group surveys 200 manufacturers on their assessment of the business situation including employment, production, orders, prices, and inventories, and their short-term planning. A result above 50 is seen as positive (or bullish) for the AUD, whereas a result below 50 is seen as negative (or bearish).
  • #26,387
  • Edited 5:58pm Jan 2, 2011 5:44pm | Edited 5:58pm
A weaker dollar means better exports for the U.S. .
More export = a better chance that the economy will get back on tracks.


L.E.: AUD/USD daily low -> 1.02011
  • #26,388
  • Jan 2, 2011 5:51pm Jan 2, 2011 5:51pm
negative Aud, Major Mining areas Shut down due to floods of biblical proportion area mass of germany and france put together

http://www.heraldsun.com.au/news/nat...-1225980829232
  • #26,389
  • Edited 6:06pm Jan 2, 2011 6:04pm | Edited 6:06pm
Price Projections
=================
UPs - 1.0281 / 1.0327 / 1.0426
DWNs - 1.0157 / 1.0122 / 1.0080

Possible Targets
----------------
Longs - 1.0261 / 1.0276
Shorts - 1.0164 / 1.0149

Scalpers Target = Wtever you like ..Ride the 15m waves up and down.
  • #26,390
  • Jan 2, 2011 6:09pm Jan 2, 2011 6:09pm
I think that there is no reason AUD to go up from now except in speculative sentiment in the market
  • #26,391
  • Jan 2, 2011 6:29pm Jan 2, 2011 6:29pm
Gold - 18h
Magenta - 4h
Blue - 1h
Green - 15m


Charts Attached
============

15m/30m/1h/4h/Daily

Trade to the Profits !!
Attached Image(s) (click to enlarge)
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  • #26,392
  • Jan 2, 2011 6:33pm Jan 2, 2011 6:33pm
on the fib expansion, looking at about 1.0300 as the big resistance level.

Thin markets aside, fundamentally looks like AUD & EUR might be bearish this week.

China is showing early signs of a slowing economy, 1q AUD production + higher inflation looks to have a decent impact.

Don't think we are going to see above 1.0300 anytime soon ... AUD is to heavy.
  • #26,393
  • Jan 2, 2011 6:34pm Jan 2, 2011 6:34pm
TrendLines will be updated accordingly to Price Movements
  • #26,394
  • Jan 2, 2011 6:59pm Jan 2, 2011 6:59pm
Just use your ZigZag or ZigZag NRP..... Set it to ....

ZigZag 2
ZigZag 4
ZigZag 20

and you can choose to ride either the 15m / 1h / 4h / Daily

No need to burden yrself wit so much indis.

The samples is using ZigZag NRP. If you don't have it, look elsewhere. thank you.
Attached Image(s) (click to enlarge)
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  • #26,395
  • Jan 2, 2011 7:06pm Jan 2, 2011 7:06pm
Quoting VennD
TrendLines will be updated accordingly to Price Movements

What I’m seeing is a possible flag.
The left side candle is 55 pips, which means if there is a breakout, it could also be 55 pips.
However, just remember it’s holiday season.

Attached Image (click to enlarge)
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  • #26,396
  • Jan 2, 2011 7:15pm Jan 2, 2011 7:15pm
Quoting VennD
Besides the data which has been released CNY-Manufacturing PMI : Previous = 55.2 , Actual = 53.9 , (Action To Be Taken - Sell AU),
Is that possible ? Nope ? I myself donno
  • #26,397
  • Jan 2, 2011 7:17pm Jan 2, 2011 7:17pm
Quoting Peter-FX
What I’m seeing is a possible flag.
The left side candle is 55 pips, which means if there is a breakout, it could also be 55 pips.
However, just remember it’s holiday season.

wt does tht mean ? UP or DWN, friend ?
  • #26,398
  • Jan 2, 2011 7:21pm Jan 2, 2011 7:21pm
Don't bother so much about market wanted to go up or down. ...Just ride the waves..
  • #26,399
  • Jan 2, 2011 7:24pm Jan 2, 2011 7:24pm
Quoting VennD
wt does tht mean ? UP or DWN, friend ?

If it breaks out up then buy, if it breaks out down then sell. Both for 55 pips.
  • #26,400
  • Jan 2, 2011 7:34pm Jan 2, 2011 7:34pm
Quoting Peter-FX
If it breaks out up then buy, if it breaks out down then sell. Both for 55 pips.
SO let me get this straight, if it is bearish ... then sell ... if bullish ... then buy?
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