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AUD/USD

  • #26,641
  • Jan 5, 2011 8:09am Jan 5, 2011 8:09am
Planning to enter long for a retrace of at least 140 pips but did not get yet solid signals.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #26,642
  • Jan 5, 2011 8:10am Jan 5, 2011 8:10am
US Dollar Index: 80.4

Awaiting the news... I hope that it will continue to sink... I wanna see the dinosaurs from 0.8900
  • #26,643
  • Jan 5, 2011 8:12am Jan 5, 2011 8:12am
Looks like USD/JPY and USD/CHF have better business.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #26,644
  • Jan 5, 2011 8:12am Jan 5, 2011 8:12am
Quoting smikester
Think you might have your fibs upside down there cobber?
umpfh, yeap, lol ty
Old Habits Die Hard.
  • #26,645
  • Jan 5, 2011 8:13am Jan 5, 2011 8:13am
Quoting stock
US Dollar Index: almost 80!

It won't take long until USD/JPY will bloom.
As I said before...
  • #26,646
  • Jan 5, 2011 8:28am Jan 5, 2011 8:28am
we hv another report coming in 2b traded in 30m time ? medium Impact..

if she says goes up...we go up wit her also. why worry ?
  • #26,647
  • Jan 5, 2011 8:35am Jan 5, 2011 8:35am
Quoting timster
This is a great post - for those looking to manage any open positions this type of analysis is well worth looking at. It may not happen but it's worth noting the fantastic analysis completed by the poster.
Thank you very much.
Use me as a contrarian indicator
  • #26,648
  • Edited 8:53am Jan 5, 2011 8:37am | Edited 8:53am
Quoting mrbandwidth
9984 could be the bottom for this drop?...

Reasons:
-wave 4 within wave 3 ended here, and we are in a wave 4 or A of higher degree which usually touches the 4th wave of minor degree,
-38.2% fibo retracement of the big rise since Nov 1,
-channel joining bottoms of Dec 8 and Dec 16 passes here.

Another possible levels could be 9965 or 9938 IMHO...

Also, if we go below 9965 (top of possible wave 1), this would mean that this is not a wave 4 but an A or a 1 down, and then, the top is in...

Comments ultra-welcome.
Well, here we go:

-9984 taken ,
-currently playing with fire at 9965 zone,
-my oscils indicate possible further drop, so it's possible to go to 9938 and beyond (9870?).

As I said, below 9965 this is not a minor 4th wave but a major wave 1 of C down, so then we could go to 92xx-94xx in a few days (after a retracement -> wave 2 of C?).

However *is still undecided* as long as that zone resist. If it does, we still could have a major wave 5 up.
Use me as a contrarian indicator
  • #26,649
  • Jan 5, 2011 8:52am Jan 5, 2011 8:52am
4hr is now oversold..... but daily has plenty of room for further downside. A/U daily has not touched oversold since 5/27/10. Obviously, one day we will. Will this down move be the one to do it? Let's keep a close eye on postioning. If enough people flip long into this down move, it would give the steam need to turn a nice retrace into a full blown ball busting trend reversal (or at least a good reversal fake-out!).

Regards,

ps. If conditions favor range trading (ie retail postioning), the 9920-9880 would be a good place to build longs....strong trenline support in that area.
  • #26,650
  • Jan 5, 2011 9:01am Jan 5, 2011 9:01am
ISM Non-Manufacturing PMI 57.1
  • #26,651
  • Jan 5, 2011 9:03am Jan 5, 2011 9:03am
Quoting stock
ISM Non-Manufacturing PMI 57.1
FURTHER SELLLLLLLL !!!!!!!
  • #26,652
  • Jan 5, 2011 9:05am Jan 5, 2011 9:05am
Hmm someone is pushing her up... not good...
  • #26,653
  • Jan 5, 2011 9:07am Jan 5, 2011 9:07am
data previous 55.0 ....Actual 57.1


sHE IS GREEDY TYPE....

FURTHER SELL...
  • #26,654
  • Jan 5, 2011 9:13am Jan 5, 2011 9:13am
For the last 2 weeks or so....she always give FAKE BANANA to sellers...now she give that fake banana to buyers.....let them in ! ths is yr opportunity 2 get the best price to enter sell.
  • #26,655
  • Jan 5, 2011 9:14am Jan 5, 2011 9:14am
Quoting VennD
data previous 55.0 ....Actual 57.1


sHE IS GREEDY TYPE....

FURTHER SELL...

hi mate, whats your target? mine is 0.985...
Logics do not apply in FOREX
  • #26,656
  • Jan 5, 2011 9:14am Jan 5, 2011 9:14am
Quoting VennD
For the last 2 weeks or so....she always give FAKE BANANA to sellers...now she give that fake banana to buyers.....let them in ! ths is yr opportunity 2 get the best price to enter sell.

The Cake is a lie!!!
  • #26,657
  • Jan 5, 2011 9:15am Jan 5, 2011 9:15am
Quoting VennD
data previous 55.0 ....Actual 57.1


sHE IS GREEDY TYPE....

FURTHER SELL...

hi mate, whats your target? mine is 0.985
Logics do not apply in FOREX
  • #26,658
  • Jan 5, 2011 9:22am Jan 5, 2011 9:22am
Quoting bskwak1124
hi mate, whats your target? mine is 0.985...
pls serach it in my earliest post today , but looking at her current moves and the latest data recieve...i hv to revised tht projections. gimme a moment to work it out.
  • #26,659
  • Jan 5, 2011 9:31am Jan 5, 2011 9:31am
Quoting stock
The Cake is a lie!!!
she is waiting for more potential buyers to enter. Else ..who wants to pay for the sellers ? bankers/market makers/brokers won't want 2 pay.

Apart from tht she is waiting for another data (Low Impact) to arrive in 3m time. patience..
  • #26,660
  • Jan 5, 2011 9:31am Jan 5, 2011 9:31am
and yesterday i was readin a bloomberg article tellin aussie may get stronger in 2011 ! yes man
Old Habits Die Hard.
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