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AUD/USD

  • #26,461
  • Jan 3, 2011 7:37am Jan 3, 2011 7:37am
report hsn't release , yet au hs gone crazy...hmmmm
  • #26,462
  • Edited 7:41am Jan 3, 2011 7:39am | Edited 7:41am
Quoting Pipwanderer
ok stopped out 1.0192
if u read the fundamental forecast (post # 26444) rather than the technical chart, u might not want to go long.
  • #26,463
  • Jan 3, 2011 7:40am Jan 3, 2011 7:40am
Quoting VennD
report hsn't release , yet au hs gone crazy...hmmmm
What number is your record of posting rubbish posts per day?
The Market pays you to be disciplined
  • #26,464
  • Jan 3, 2011 7:42am Jan 3, 2011 7:42am
Quoting VennD
if u read the fundamental forecast rather than the technical chart, u might not want to go long.
yeah i anticipate a short but just not now...oh well lets see. some buying interest down 1.0175 another major support...let see if it holds
  • #26,465
  • Jan 3, 2011 7:43am Jan 3, 2011 7:43am
Quoting Pipwanderer
yeah i anticipate a short but just not now...oh well lets see. some buying interest down 1.0175 another major support...let see if it holds
the ISM shouldnt change much...i anticipate no change at all, but the the dollar strength and gold rising is the issue
  • #26,466
  • Jan 3, 2011 7:51am Jan 3, 2011 7:51am
Quoting Pipwanderer
yeah i anticipate a short but just not now...oh well lets see. some buying interest down 1.0175 another major support...let see if it holds
ok
  • #26,467
  • Jan 3, 2011 8:47am Jan 3, 2011 8:47am
Hedgies are leaving the party!..sign or not, Joe Public is generally the last one still holding.

Target area 0.8600/0.8900
  • #26,468
  • Jan 3, 2011 8:52am Jan 3, 2011 8:52am
...Patience
  • #26,469
  • Jan 3, 2011 9:07am Jan 3, 2011 9:07am
Will update the details in a moment...

Updates due to Price Movements
-------------------------------

Price Projections
----------------
UP - 1.0281 / 1.0327
DWN - 1.0122 / 1.0080

Possible Targets
---------------
Long - 1.0236 / 1.0252
Short- 1.0160 / 1.0145
  • #26,470
  • Jan 3, 2011 9:28am Jan 3, 2011 9:28am
Quoting mima
What number is your record of posting rubbish posts per day?
went on my ignore list after the 4th post
Never been vouched
  • #26,471
  • Edited 10:33pm Jan 3, 2011 9:32am | Edited 10:33pm
Medium Impact
------------------------
Jan 03 23:00 Construction Spending (MoM) - Previous = 0.7% (New Release 0.4% - Buy AU)

Jan 03 23:00 ISM Manufacturing - Previous = 56.6 (New Release 57.0 - SELL AU)

Jan 03 23:00 Factory Orders - Previous = -0.9% (PENDING - If decrease Sell AU)

USA Data Due - Low impact
-------------------------
Jan 03 23:00 ISM Prices Paid - Previous = 69.5 (New Release 72.5 - Sell AU)

Weight the data and make your own resolution.

HAHAHA....If these type of data ..hmmmm... maybe abt 60pips only....wtfx
  • #26,472
  • Jan 3, 2011 9:43am Jan 3, 2011 9:43am
Follow the Projected Price and Downward Target...

regards..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au15m_2338.gif Size: 48 KB
Click to Enlarge Name: gold15_2338.gif Size: 50 KB
  • #26,473
  • Edited 11:12pm Jan 3, 2011 9:46am | Edited 11:12pm
Quoting ely
Hedgies are leaving the party!..sign or not, Joe Public is generally the last one still holding.

Target area 0.8600/0.8900

Wow ! Wt a target...hmmmm..wtever !....Thanks !
  • #26,474
  • Jan 3, 2011 10:48am Jan 3, 2011 10:48am
Is my logic right about what is taking place last few minutes?

Positive US data -> US 30 Wall Street idx up (broke 11,700 psychological level) -> EURUSD & AUDUSD up
  • #26,475
  • Jan 3, 2011 10:53am Jan 3, 2011 10:53am
Selling into the high of 1 month ago seems a bit dodgy to me. This is the daily chart:

Attached Image (click to enlarge)
Click to Enlarge Name: audusd110103.gif Size: 24 KB


There is very strong support at 1.0180, as you may have noticed. Without a strong daily close below there, shorts are scuppered. Above we have 1.0200. This is the hourly:

Attached Image (click to enlarge)
Click to Enlarge Name: audusd110103h1.gif Size: 27 KB


So I would need a strong (daily) close above or below these levels to trade safely. It will be interesting to see which way we go. I'm not entirely happy with the retest double bounce (and there is bullish divergence on a couple of oscillators) but it could be to do with thin trading, it being bank holiday in 20 different countries.

Also it is NFP week. Good trading to you.

smikester
Gone to a better place
  • #26,476
  • Jan 3, 2011 10:54am Jan 3, 2011 10:54am
Quoting VennD
Follow the Projected Price and Downward Target...

regards..
my friend ,we are in the same boat. cheers .
A chart helps those who can read it.
  • #26,477
  • Jan 3, 2011 11:11am Jan 3, 2011 11:11am
Quoting mima
What number is your record of posting rubbish posts per day?
Gone to a better place
  • #26,478
  • Jan 3, 2011 11:54am Jan 3, 2011 11:54am
Took an other lot short at 1.0206. TP same as the two other lot: parity (will be focused better when approching target. SL of this lot: entry point of the first lots: 1.0240.

See you tomorrow.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #26,479
  • Edited 12:10pm Jan 3, 2011 11:59am | Edited 12:10pm
Quoting Alki
Took an other lot short at 1.0206. TP same as the two other lot: parity (will be focused better when approching target. SL of this lot: entry point of the first lots: 1.0240.

See you tomorrow.
Hi, Alki. Good job the other day predicting the 1.0240 target!

May I ask you what method do you use to "calculate" your entries and targets? Just curious...

Thanks and congratulations!
Use me as a contrarian indicator
  • #26,480
  • Jan 3, 2011 2:30pm Jan 3, 2011 2:30pm
Yes, I'd like to know why you are calling a top here, Alki. Recently you said this:

Quoting Alki
I thought that GJ was the most difficult pair to trade, but aussie demonstrate to me that it has a very special personality and very very few trades can win. I'll take it as a good challenge for a major.

Correlation with gold, sometimes works sometimes not, PP sometimes works sometimes not, S/R sometimes works sometimes not, timing sometimes works sometimes not, retrace sometimes works sometimes not, volume sometimes works sometimes not...etc etc etc. Very difficult to know what indicator will work and when. Even many indicators give a signal,...

What you did not mention was the fact that with the RBA rate at 4.75 and USD at .25% this is a carry pair, with risk on. Dow correlation is almost perfect at the moment and with Dow futures at +100+ then US dollar weakness is imminently on the cards.

So I am clearly missing something important.
Gone to a better place
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