AUD/USD

"next level... S2 at 1.02442... M0 is next to test recent support at 1.01378... and a bounce back up should be due.. "

I dont know what you mean by M0. Where are you saying long there? Anyways you spooked me. I shorted but bailed out for -3. I have fib targets and previous S/R around 1.0238/1.0249 so it matched your levels. Anyway probably better out than in right now..

i said "SHOULD", it's not an affirmation that it "WILL"

looks for breakout for sell

is there any price pattern that informs the trend reversal around 1,03 ?

Yeah its fine, im not a n00b, i know how it works... I made my own decision to short based on my own technicals, but took your comment on board which was a factor... Just saying anyone reading that would take it as "were continuing short to xyz and then a bounce after that" kinda thing...

Is this a fact?

I woudnt use the word "fact". Its speculation. But you have people speculating in both directions... but the idea of a cut seems to be firming... surely they would be insane to raise rates and help paralyze the econonomy...

with all due respect, I'm not here to care what others think - I don't mean that in a bad way... if they don't have a brain between their ears, they should stay away from others advice and WORK OUT why the poster came to that conclusion.

Whether that be via my posts, or others posts or via their own technical studies. A person can not put all their faith into another person's analysis - that is a sure fire way to get burnt. And it takes out the entire point of "learning to trade properly". If they keep following others with no understanding why the poster came to a conclusion they'll never do well.

I can't have a frame of mind "Oh, I better explain myself more so others understand"...

I'm under a NDA and it's hard for me to say things that will give the hint of what I'm doing.

I've closed out of those other trades and just pulled out 110 pips or so in about an hour.

I'm going to wait for better levels to get in at.

Steve

It's not a fact until it happens, but it's looking very likely now.. here's just one article I found:

http://www.smh.com.au/business/doubl...808-1ii9g.html

I'd say at least 25 point cut is almost certain

Thanks - I was unaware that market speculation on AUS was firming towards that direction. I had thought no one took West Pac seriously. I take it that this is the reason that AUD is decoupling spectacularly with rocketing gold prices?

Personally, I think AUD is still attractive even with a 50 pt cut. Especially in today's economic climate of fear and panic.

Hi,
I see 1.287/255 as a strong support, from daily charts S/R. 1.255 even in monthly charts, nobody sees it or am I missing somethin?

200 SMA seems to be holding as support for the time being.

Having to sit on my hands at the moment.
Looking for a pull back up to around the 1.0560 level to look for a short.
Possible resistance could have been found at around 1.0400 however (purple line), so will just have to wait and see.

AUD/USD H4

going under par!! If anybody has a short since 1.10....congrats....

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.......h

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Sexy!

still no bottom in sight. Let it prove that it has bottomed, otherwise you are just catching a falling knife.

Hi OMG,

I agree with you, i studied the patterns and couldn't find any bottom pattern.
You've said that it has bottomed. could you please show that possible bottom?

Thanks mate.

"Let it prove that it has bottomed"
I think you miss read that line?

Anyways, AU still looks like it is in a bearish consolidation pattern atm.

We're not even on a strong support, I'd suspect this to drop lower first.

1.02442 looks like a stronger support to me (via daily tf)