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AUD/USD

  • #29,941
  • Jun 10, 2011 2:05am Jun 10, 2011 2:05am
Quoting Astroman
O.K.

Thanks for the reply.
by the way, I scalp
  • #29,942
  • Jun 10, 2011 3:57am Jun 10, 2011 3:57am
It supposed to go down yet it went up like a rocket.
  • #29,943
  • Jun 10, 2011 4:15am Jun 10, 2011 4:15am
Quoting stfu
It supposed to go down yet it went up like a rocket.
If you are intrested in knowing what price will do in the next few minutes, or hour, or even few hours..... do yourself a BIG favor and just flip a coin. In the short run, it is very difficult to know what price will do. Not all price action is dictated by speculators. Often times, it is banks making transactions of behalf of large corporations. They really don't care about a few pips on way or the other.

Regards,
  • #29,944
  • Jun 10, 2011 4:18am Jun 10, 2011 4:18am
Quoting FX-Petra
If you are intrested in knowing what price will do in the next few minutes, or hour, or even few hours..... do yourself a BIG favor and just flip a coin. In the short run, it is very difficult to know what price will do. Not all price action is dictated by speculators. Often times, it is banks making transactions of behalf of large corporations. They really don't care about a few pips on way or the other.

Regards,
learning in progress. Trading on micro account so im looking at things in a smaller scale. maybe its why. i spent hours looking how things move and also the effects it has after news. often i ended up confused. ahahaha. trading is not an easy thing.
  • #29,945
  • Jun 10, 2011 4:33am Jun 10, 2011 4:33am
AUD/USD Daily Outlook

Daily Pivots: (S1) 1.0571; (P) 1.0617; (R1) 1.0670; More

As noted before, the recovery from 1.0440 might have finished at 1.0773 already. Intraday bias remains cautiously on the downside for a retest on 1.0440 first. Break will resume whole correction from 1.1010 towards 50% retracement of 0.9704 to 1.1010 at 1.0357. On the upside, above 1.0661 minor resistance will turn bias neutral but risk will remain on the downside as long as 1.0773 resistance holds.

In the bigger picture, rise from 0.8066 is part of the up trend from 2008 low of 0.6008 and is still in healthy status. AUD/USD is staying comfortably inside medium term rising channel. Current rise should target 100% projection of 0.6008 to 0.9404 from 0.8066 at 1.1462 next. On the downside, break of 1.0254 resistance turned support will, however, suggest that 1.1010 is a medium top and in such case, deeper decline would be seen towards 0.9404 support to correct the whole up trend from 0.6008.

source:Actionforex.com
  • #29,946
  • Edited 6:15am Jun 10, 2011 6:03am | Edited 6:15am
Sorry... for leaving w/o a word, was sleeping

Agree with FX-Petra just said, infact there're other things causes all this downs and ups .... untouch by the common knowledge. Anyway , just trade what u see in charts. "They" had put it everything in there. Cheers !

Sometimes... we can see them but most of the times we don't....
  • #29,947
  • Jun 10, 2011 6:04am Jun 10, 2011 6:04am
Quoting VennD
Sorry... for leaving w/o a word, was sleeping

Agree with FX-Petra just said, infact there're other things causes all this downs and ups .... untouch by the common knowledge. Anyway , just trade what u see in charts. "They" had put it everything in there. Cheers !
ok
  • #29,948
  • Jun 10, 2011 7:00am Jun 10, 2011 7:00am
.
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  • #29,949
  • Edited 7:29am Jun 10, 2011 7:29am | Edited 7:29am
... N standby for another opportunity.
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  • #29,950
  • Jun 10, 2011 7:31am Jun 10, 2011 7:31am
Quoting VennD
... N standby for another opportunity.
OK. They seem to play zig zagging with us.
  • #29,951
  • Jun 10, 2011 7:40am Jun 10, 2011 7:40am
.
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  • #29,952
  • Jun 10, 2011 7:56am Jun 10, 2011 7:56am
... there are still some stops up there and down below. Trade with cautious.
  • #29,953
  • Jun 10, 2011 8:01am Jun 10, 2011 8:01am
Quoting VennD
... there are still some stops up there and down below. Trade with cautious.
ok. im trying to close at least BE some of it.
  • #29,954
  • Edited 8:56am Jun 10, 2011 8:41am | Edited 8:56am
Short order at 1.0563 SL 1.0601 TP 1.0440
  • #29,955
  • Jun 10, 2011 9:07am Jun 10, 2011 9:07am
... is flying to the moon !
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  • #29,956
  • Jun 10, 2011 9:10am Jun 10, 2011 9:10am
Quoting VennD
... is flying to the moon !
It looks like its bearish. still flying? I closed my short earlier. lost 14pips. ahaha. oh well. didnt know what may come so i just click closed.
  • #29,957
  • Jun 10, 2011 9:17am Jun 10, 2011 9:17am
Quoting stfu
It looks like its bearish. still flying? I closed my short earlier. lost 14pips. ahaha. oh well. didnt know what may come so i just click closed.
Bearish for AU but bullish for USD Index.
  • #29,958
  • Jun 10, 2011 9:24am Jun 10, 2011 9:24am
Quoting VennD
Bearish for AU but bullish for USD Index.
owh. but its not moving up or not up yet.
  • #29,959
  • Jun 10, 2011 9:25am Jun 10, 2011 9:25am
STOPS are gathering around....

Upper Range - 1.065 / 1.076
Lower Range - 1.051 / 1.045

That's include BuyStops / SellStops / StopLoss.

Happy pippingggg...
  • #29,960
  • Jun 10, 2011 9:31am Jun 10, 2011 9:31am
I will short it.... if it can stay below 1.0566 for at least 2 hours. The rest I will just scalp both ways.
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