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AUD/USD

  • #32,681
  • Aug 24, 2011 4:40pm Aug 24, 2011 4:40pm
Quoting VennD
.... sorry mate , couldn't count on it
Then again... IT could take a year or two.
  • #32,682
  • Aug 24, 2011 5:22pm Aug 24, 2011 5:22pm
Per yesterdays discussion.

http://www.marketwatch.com/story/bes...dist=afterbell
  • #32,683
  • Aug 24, 2011 5:31pm Aug 24, 2011 5:31pm
We have been seeing pretty tepid advances on the upside when the equity markets rally and decent falls when the equities sell off which tells me the next major move is lower.

I have a sell stop to take a short position at 1.04470. Stop at 1.0482. Target 1.0350 ish.
  • #32,684
  • Edited 6:01pm Aug 24, 2011 5:56pm | Edited 6:01pm
Quoting VennD
Abt 2.5hrs from now ... NZ Retail Sales will be released ... forecasted to decline ... usually if that NZD/USD falls ... AU will follow ... take note on that mix stops above 510-600 (sellers to watch)... they are still there ... and on the lows probably 450 -300 (buyers).
...
Nothing happen ... NZ Retail Sales (QoQ) remain the same 0.9% ---> 0.9% ... except Food Price Indx (MoM) /(minor) ... 1.4% ---> 2.0% and Retail Sales ex Autos (QoQ) 0.7% ---> 1.0%.

... lets get back to sleep
  • #32,685
  • Aug 24, 2011 7:16pm Aug 24, 2011 7:16pm
Quoting robbmickey
We have been seeing pretty tepid advances on the upside when the equity markets rally and decent falls when the equities sell off which tells me the next major move is lower.

I have a sell stop to take a short position at 1.04470. Stop at 1.0482. Target 1.0350 ish.
I've got similar suspicions. Failing at least so far to find buyers over major supply line.
Attached Image (click to enlarge)
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  • #32,686
  • Aug 24, 2011 7:19pm Aug 24, 2011 7:19pm
AUD/USD @ 1.0465

Support at 1.0450-60 still valid as well as resistance at 1.0550

Many are waiting for Jackson hole outcome and ontop of that many northern hemisphere return from holidays so things should liven up once again.
FX is never dead for long
  • #32,687
  • Aug 24, 2011 8:16pm Aug 24, 2011 8:16pm
40 pips down and broken support, could this be the start of a move?? Anyone know news that has caused this?
  • #32,688
  • Aug 24, 2011 8:37pm Aug 24, 2011 8:37pm
Quoting timster
40 pips down and broken support, could this be the start of a move?? Anyone know news that has caused this?
1.0375-85 target next.
Naturally the stops under 1.0450 support have been triggered as well as breakers so lets see.
  • #32,689
  • Aug 24, 2011 9:10pm Aug 24, 2011 9:10pm
It's a bearish divergence in action, many traders were watching and waiting
  • #32,690
  • Aug 24, 2011 9:23pm Aug 24, 2011 9:23pm
Quoting ProTrade
This is feeling like a fake break!
seems like price is taking another breather before the Euro announcement this afternoon perhaps. I would suggest that as we haven't had a quick strong rebound in price, we may be taking a breather before the next leg down.
  • #32,691
  • Edited Aug 25, 2011 4:13am Aug 24, 2011 9:51pm | Edited Aug 25, 2011 4:13am
Quoting VennD
Nothing happen ... NZ Retail Sales (QoQ) remain the same 0.9% ---> 0.9% ... except Food Price Indx (MoM) /(minor) ... 1.4% ---> 2.0% and Retail Sales ex Autos (QoQ) 0.7% ---> 1.0%. ... lets get back to sleep
Those burgers made a revision during the trading session (while I was sleeping) ...

0.9% ---> 1.1% (revised) ---> new released 0.9% (decline). Should sell earlier..

Now ... lurking for a buy at any rejected supports ... or further sell at any rejected resistances ..
  • #32,692
  • Aug 24, 2011 10:06pm Aug 24, 2011 10:06pm
Another night in paradise!
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 119 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #32,693
  • Aug 25, 2011 12:51am Aug 25, 2011 12:51am
Is there any correlation between AUD and Gold? Isn't Australia the gold producer?
Attached Image
  • #32,694
  • Aug 25, 2011 1:13am Aug 25, 2011 1:13am
Bullish pattern emerge at H1 ..but maybe only for short term/TP 20+pips...

Good Luck !
Attached Image (click to enlarge)
Click to Enlarge Name: aud h1.gif Size: 14 KB
  • #32,695
  • Edited 2:34am Aug 25, 2011 2:19am | Edited 2:34am
Quoting andri66
Bullish pattern emerge at H1 ..but maybe only for short term/TP 20+pips...Good Luck !
U said only abt 20+ pips ? ok ! I short now @ 472 in 1m tf ...
Attached Image (click to enlarge)
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  • #32,696
  • Aug 25, 2011 2:39am Aug 25, 2011 2:39am
Wish you luck with the short Venn ..already close mine at daily pivot only, i wait for other pattern to emerge..

Good Luck !!
  • #32,697
  • Edited 3:14am Aug 25, 2011 2:50am | Edited 3:14am
Quoting VennD
U said only abt 20+ pips ? ok ! I short now @ 472 in 1m tf ...
add short @ 479 , where shall I take profit , andri66 ?

... ok then ... closed 472 @ 466 and maintain 479 with BE+1.
Attached Image (click to enlarge)
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  • #32,698
  • Aug 25, 2011 3:20am Aug 25, 2011 3:20am
Venn , with Harmonic pattern i only rely on daily pivot,S/R for TP ..please share yours if you don't mind ? I only try this system for a month so still try to learn better

Good Luck !
  • #32,699
  • Edited 4:15am Aug 25, 2011 4:08am | Edited 4:15am
Quoting andri66
Venn , with Harmonic pattern i only rely on daily pivot,S/R for TP ..please share yours if you don't mind ? I only try this system for a month so still try to learn better Good Luck !
I don't rely much on those pattern ... coz I don't have any knowledge about it ... only draw whatever picture I could see while am waiting for the price to show it colours ...

I rely on this ...

Rejected by 477 ... High=Close=477 , Open=473 , Low=472 ...

... add short @ 475 x 10 ... and closed it @ 460. done ! (maintain short @ 479...)
Attached Image (click to enlarge)
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  • #32,700
  • Aug 25, 2011 4:23am Aug 25, 2011 4:23am
Thanks for the sharing VennD ..it could help improve my skill ..

Good Luck !
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