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AUD/USD

  • #29,981
  • Edited 3:05am Jun 11, 2011 3:03am | Edited 3:05am
Quoting stfu
I do not understand the chart. is it aud/usd chart? btw i took long at 1.0561. still at loss. ahaha.
It's GOLD chart. A portion of it has a connection with AUD/USD because Australia is exporting gold. When people are crazy buying gold , AU will go up. But now.. nobody has tht money to buy gold anymore due to inflation.

Right now.. u shouldn't buy AU unless ur good in scalping on both ways.
  • #29,982
  • Jun 11, 2011 3:10am Jun 11, 2011 3:10am
Quoting VennD
It's GOLD chart. A portion of it has a connection with AUD/USD because Australia is exporting gold. When people are crazy buying gold , AU will go up. But now.. nobody has tht money to buy gold anymore due to inflation.

Right now.. u shouldn't buy AU unless ur good in scalping on both ways.
Then lets hope it will go up a bit to allow me to BE.
  • #29,983
  • Jun 11, 2011 3:32am Jun 11, 2011 3:32am
Quoting stfu
Then lets hope it will go up a bit to allow me to BE.
yea ! ... maybe
  • #29,984
  • Edited 6:54am Jun 11, 2011 4:05am | Edited 6:54am
1) AU 1h

2) AU 4h

If it doesn't fit..... U fit it.

Cheers !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au1h_01.gif Size: 35 KB
Click to Enlarge Name: au4h_01.gif Size: 31 KB
  • #29,985
  • Jun 11, 2011 5:07am Jun 11, 2011 5:07am
... for scalping long and short.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au5m_10.gif Size: 30 KB
Click to Enlarge Name: au5m_11.gif Size: 28 KB
  • #29,986
  • Jun 11, 2011 5:29am Jun 11, 2011 5:29am
Ok. the formation of A thats what we look for right? The crossing line at the formation shows the area where we shld scalp short and long right? Correct me if im wrong.

*learning in progress
  • #29,987
  • Jun 11, 2011 5:40am Jun 11, 2011 5:40am
Quoting stfu
Ok. the formation of A thats what we look for right? The crossing line at the formation shows the area where we shld scalp short and long right? Correct me if im wrong.

*learning in progress
Yes... if rejected by tht crossing level... short it and if stays above tht crossing level .. buy (SL 5p)..bcoz this is still a downtrend. Either way..if u got greens.. immediately lock TP @ BE +1.
  • #29,988
  • Jun 11, 2011 5:44am Jun 11, 2011 5:44am
Quoting VennD
Yes... if rejected by tht crossing level... short it and if stays above tht crossing level .. buy (SL 5p)..bcoz this is still a downtrend. Either way..if u got greens.. immediately lock TP @ BE +1.
Ok.
  • #29,989
  • Jun 11, 2011 8:18am Jun 11, 2011 8:18am
.... several formations existed.... could be the slaughtering zone.

Happy pippinggg....
Attached Image (click to enlarge)
Click to Enlarge Name: au5m_12.gif Size: 29 KB
  • #29,990
  • Jun 11, 2011 10:14am Jun 11, 2011 10:14am
http://lcchong.files.wordpress.com/2...ng?w=877&h=398

http://lcchong.files.wordpress.com/2...ng?w=877&h=397
  • #29,991
  • Jun 11, 2011 2:50pm Jun 11, 2011 2:50pm
Not as fancy but check it out possible short term target @1.047 ish
Attached Image (click to enlarge)
Click to Enlarge Name: audusd drop rev.gif Size: 28 KB
  • #29,992
  • Edited 7:24am Jun 12, 2011 12:37am | Edited 7:24am
Quoting Chillypiper
Not as fancy but check it out possible short term target @1.047 ish
No problem with that , Chillypiper ! U see..., i still hv one short from 1.1010 but i do not hv its partner (Mr.Long ) - hd accidently closed my long (@ 1.0446) the other day. What a mistake !

More lower than yr target would be better , possibly 1.02xx ? ...provided 1.0440 can be taken out. However .. at this juncture, technically, we are a lil bit above one particular TL and a support level of which if touch, could cause rebounce - several times infact . Im merely scalping long ($$$).

Should this time fail.... we can go back to 1.07 , So .... load yr shorts as heavy as u can so that market can run through 1.0500 and stay below it. I for one.. agree tht 1.0440 / 1.0200 should be retested in order to retest 1.1015..

Cheers !
  • #29,993
  • Jun 12, 2011 5:05pm Jun 12, 2011 5:05pm
a retracement to 106/107 looks like a good area to short
Attached Image (click to enlarge)
Click to Enlarge Name: auh8.jpg Size: 88 KB
  • #29,994
  • Jun 12, 2011 5:25pm Jun 12, 2011 5:25pm
Quoting VennD
No problem with that , Chillypiper ! U see..., i still hv one short from 1.1010 but i do not hv its partner (Mr.Long ) - hd accidently closed my long (@ 1.0446) the other day. What a mistake !

More lower than yr target would be better , possibly 1.02xx ? ...provided 1.0440 can be taken out. However .. at this juncture, technically, we are a lil bit above one particular TL and a support level of which if touch, could cause rebounce - several times infact . Im merely scalping long ($$$).

Should this time fail.... we can go back to 1.07 ,...
Ok sorry bout Mr long... wth..lol. I do agree with your analysis and I also have my eye on the fibo 50% there around 1.032 area also. But I to am looking for long scalp for now.. Lets see and good luck!
  • #29,995
  • Jun 12, 2011 5:32pm Jun 12, 2011 5:32pm
Quoting chazzle
a retracement to 106/107 looks like a good area to short
Yes sir! I too believe we will go there. ...Thanks for your input..
  • #29,996
  • Jun 12, 2011 5:55pm Jun 12, 2011 5:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd daily.gif Size: 161 KB


To me the AUD looks weak right now and would expect to test the recent low
from the 25th of May. If that low fails I would expect buyers turning up at the 1.03 level.
Note today is a public holiday in Australia so as in Europe. Ideal to catch a few stops placed too close at recent price levels.

Cheers
  • #29,997
  • Jun 12, 2011 8:13pm Jun 12, 2011 8:13pm
i fully agree with you chazzle. No matter what indicator will tell me, this currency is in an obvious downtrend. And the trend was confirmed since Friday close..

follow my journal
http://www.forexfactory.com/showthre...254704&page=46

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: aud.usd.gif Size: 20 KB
  • #29,998
  • Jun 12, 2011 8:21pm Jun 12, 2011 8:21pm
Quoting dailyking
i fully agree with you chazzle. No matter what indicator will tell me, this currency is in an obvious downtrend. And the trend was confirmed since Friday close..

follow my journal
http://www.forexfactory.com/showthre...254704&page=46

cheers

or is it?.. maybe you should "not try to bend the spoon.. that is impossible.. only realize the truth.. there is no spoon... then you will realize it is not the spoon that bends.. it is only yourself"
  • #29,999
  • Jun 12, 2011 8:26pm Jun 12, 2011 8:26pm
nzd/usd almost down 1% surprised aud/usd is not sympathy following.
  • #30,000
  • Jun 12, 2011 10:09pm Jun 12, 2011 10:09pm
Quoting domino
or is it?.. maybe you should "not try to bend the spoon.. that is impossible.. only realize the truth.. there is no spoon... then you will realize it is not the spoon that bends.. it is only yourself"
Great quote....Note to self every time I short this pair I get my butt kicked, but , time will tell if it's a spoon at all . the Q is when will she retrace?

1.0500 next stop if we go Bear 1.0600 bull to keep in the channel
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