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AUD/USD

  • #32,761
  • Edited Aug 28, 2011 1:34am Aug 27, 2011 8:30pm | Edited Aug 28, 2011 1:34am
Closed my 590 short earlier and reenter scalp short @ 575.

The white fib is the possible down moves for retracement ... while the yellow fib is the possible continuation of the up moves ...

Would choose to go long if it can make a down retracement between 50 -100 of white fib.
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  • #32,762
  • Aug 27, 2011 8:52pm Aug 27, 2011 8:52pm
Quoting Pied Piper
Hi Mr. Petra,
Wanted to ask you last week itself. Any reason for you to think that the pa would go beyond 1.06 other than fib 61.8 fib? Would be really great if you can share your thoughts. Thank you.
PP
I believe we will have another dip before we get a sustained break above 0630. I would start building a long position again below 0500, hoping for a bigger dip back towards 0350 to add some more. RBA statments were very positive last week. There is NO SIGNAL from the RBA that intrest rates will be going down. If anything, the statements were more on the hawkish side. All things being even, we should grind north. But hell could break loose agian in Europe, or Lybia, or wherever that would drive risk back down. Unless it is a major event, these effects should be temporary in nature and the shine of high yield will tend to cause the higher yeild to appreciate over time. Hope this helps.

Regards,
  • #32,763
  • Aug 27, 2011 9:25pm Aug 27, 2011 9:25pm
Monday 29th , some Aust and US Data to be released ... overall forecasted to be favouring USD ... pay back time I'd guess.

Right now ...

-World Indices = 40-60 ... AUS 200 among the downs by 0.30%.
-Commodities = UP
-Leading Stocks = ... American Stocks UP.
-Rates & Bonds = ... American Bonds UP.
-Indices Futures = UP ... except China H-Shares
  • #32,764
  • Aug 27, 2011 11:23pm Aug 27, 2011 11:23pm
Market has enough money to express any emotion they have ...EURUSD is such example and all other pairs follow it...
The Market pays you to be disciplined
  • #32,765
  • Edited 8:20pm Aug 28, 2011 2:45pm | Edited 8:20pm
We seem to be at the point of the sneeze play in many ways at the Months end. I real have no valid TA for where we will go ( not that I am ever right )..Both here and on EU it seams to be a coin flip.

Entry here short may be short lived with Fridays Strong move 0590 area with stops just above 0600 . But in to strong Resistance also. Pull back to the 0525 and a hold would set this pr for further movement to the 0775 Zone.

And if 0525 gives way we may go back to 0450 still staying within the 4hr LTL...

Think I'll keep everything with tight SL and nothing long term mostly watching USflx, S&P and Gold to lead the way.

Anyway, Good luck to all!

Regards
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  • #32,766
  • Aug 28, 2011 5:05pm Aug 28, 2011 5:05pm
Quoting FX-Petra
I believe we will have another dip before we get a sustained break above 0630. ................... Hope this helps.

Regards,
Thanks a lot :-)
  • #32,767
  • Aug 28, 2011 7:35pm Aug 28, 2011 7:35pm
AUD/USD @ 1.0580

1.0620 seems to be the major resistance and break signal.

1.0520 support

Fundamentally nothing positive came out over the weekend so direction remains clouded.

Paitence is the key here and be wary of false breaks.

Good Luck
  • #32,768
  • Aug 28, 2011 8:12pm Aug 28, 2011 8:12pm
Quoting VennD
Monday 29th , some Aust and US Data to be released ... overall forecasted to be favouring USD ... pay back time I'd guess.

Right now ...

-World Indices = 40-60 ... AUS 200 among the downs by 0.30%.
-Commodities = UP
-Leading Stocks = ... American Stocks UP.
-Rates & Bonds = ... American Bonds UP.
-Indices Futures = UP ... except China H-Shares
sorry for a while..

I just saw and analyzed her..

Regular Flat is Obvious
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  • #32,769
  • Aug 28, 2011 8:13pm Aug 28, 2011 8:13pm
Quoting smilemiz
sorry for a while..

I just saw and analyzed her..

Regular Flat is Obvious
.
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  • #32,770
  • Aug 28, 2011 8:22pm Aug 28, 2011 8:22pm
Quoting smilemiz
.
Nice charts! Thank you....
  • #32,771
  • Aug 28, 2011 9:04pm Aug 28, 2011 9:04pm
BOOm its thru the roof 1.06233
luck is a loser's excuse
  • #32,772
  • Aug 28, 2011 9:24pm Aug 28, 2011 9:24pm
Quoting moodie
BOOm its thru the roof 1.06233
Just be wary .. technically it looks solid but I think some are using this to let some go ;-)
  • #32,773
  • Aug 28, 2011 11:52pm Aug 28, 2011 11:52pm
Quoting lasty
Just be wary .. technically it looks solid but I think some are using this to let some go ;-)
Will see how long it can last wether the resistance @ 620 will remain or all comes down crushing again

PS: Today it’s Bank holiday in the UK
luck is a loser's excuse
  • #32,774
  • Aug 29, 2011 12:27am Aug 29, 2011 12:27am
Quoting smilemiz
.
Sorry.. this is not a regular flat..

it is an expanded flat..

i am sorry
  • #32,775
  • Aug 29, 2011 12:48am Aug 29, 2011 12:48am
Quoting moodie
Will see how long it can last wether the resistance @ 620 will remain or all comes down crushing again

PS: Today it’s Bank holiday in the UK

Euro went bid to old boots.
AUD tried but failed.
Watch carefully especially on a break out ..
1.0620 was meant to be the catalyst, AUD should have run with Euro..
Warning signs for AUD topping ?
  • #32,776
  • Aug 29, 2011 2:37am Aug 29, 2011 2:37am
i hope aud will give another opportunity for a long trade near the tl support. i hope this happens today (us session) or tomorrow (but at a less favourable price). here's the chart.
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  • #32,777
  • Aug 29, 2011 2:39am Aug 29, 2011 2:39am
Quoting VennD
U also hv good analysis in there ... I learn something from it ... thanks !
i hope the new knowledge from the chart may bring you some good pips you're welcome
  • #32,778
  • Edited 9:33am Aug 29, 2011 9:16am | Edited 9:33am
Quoting Rom-pom-pom
i hope aud will give another opportunity for a long trade near the tl support. i hope this happens today (us session) or tomorrow (but at a less favourable price). here's the chart.
Watch your extreme RSI ... , Sold @ 642 + 640 , ( SL 1.3000 )
  • #32,779
  • Aug 29, 2011 9:34am Aug 29, 2011 9:34am
Quoting VennD
Watch your extreme RSI ... , Sold @ 640 SL 1.3000
1.0632 good resistance. Trend is nice bull, not overbought right now. Don't relly know what to expect from it next. Possible sideways movement and then further move up.
Good luck.
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  • #32,780
  • Aug 29, 2011 9:38am Aug 29, 2011 9:38am
Quoting VennD
Watch your extreme RSI ... , Sold @ 642 + 640 , ( SL 1.3000 )
Hi bro, hows u these days?
I don't look for sellers, just broke weekly highs, from the top where it retraced, looks like an expansion move. Keep it save.
Old Habits Die Hard.
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