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AUD/USD

  • #32,781
  • Aug 29, 2011 7:55am Aug 29, 2011 7:55am
Quoting GoldMan.
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.
yeah ... u probably right ... scalping short only thou ... .. thanks ... expect another 10-20 pips up from 640 if it can ...
  • #32,782
  • Aug 29, 2011 8:00am Aug 29, 2011 8:00am
Quoting Shaggy_rock
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.
Woiitttt ! , hey man ! .... i don't see yr avatar in the list ... didn't know that ur here sorry man ... didn't contact u for sometime ... was busy clubbing in AU
  • #32,783
  • Aug 29, 2011 8:21am Aug 29, 2011 8:21am
Quoting VennD
yeah ... u probably right ... scalping short only thou ... .. thanks ... expect another 10-20 pips up from 640 if it can ...
am betting on that lol...
luck is a loser's excuse
  • #32,784
  • Aug 29, 2011 8:25am Aug 29, 2011 8:25am
i've set it to invisible that's why.
yea u sure luv the AU thread hehe

no probs, don't have the messenger anymore, did a format, and u were havin problems with it so..

anyway, in my opinion, shorts could go until 0600 or lil lower, but in the end it will boost up till 0800 plus minus. will see, coz volume is very weak so i don't judge too soon.
Old Habits Die Hard.
  • #32,785
  • Aug 29, 2011 8:36am Aug 29, 2011 8:36am
Quoting mima
Market has enough money to express any emotion they have ...EURUSD is such example and all other pairs follow it...
fyi ... Locked , DNT 1.4600 - 1.4200 , Heavy SellOrders 1.4550 - 1.4590

( ...those sellorders must be sipping their saliva by now ... waiting ...)

Sold ! EU @ 1.4533 ...
  • #32,786
  • Edited 9:22am Aug 29, 2011 8:53am | Edited 9:22am
Quoting Shaggy_rock
... will see, coz volume is very weak so i don't judge too soon.
...me neither bro, ... only scalps up and down in the lower tfs ... closed scalp short 642 @ 610 ... and maintain scalp short 640 with BE+1.
  • #32,787
  • Aug 29, 2011 9:22am Aug 29, 2011 9:22am
Quoting VennD
yeah ... u probably right ... scalping short only thou ... .. thanks ... expect another 10-20 pips up from 640 if it can ...
But I still think fall at least 1.0584 is needed for further move up...let's see.
  • #32,788
  • Aug 29, 2011 9:38am Aug 29, 2011 9:38am
Went ahead and went long @ 0610. Only a 1/2 lot. We will probably get a deeper pullback, but don't want to be left out if we jam up from here. Will but another 1/2 lot if we see 0570-0580 area. Good trades to all.

Regards,
  • #32,789
  • Edited 10:05am Aug 29, 2011 9:41am | Edited 10:05am
Quoting GoldMan.
But I still think fall at least 1.0584 is needed for further move up...let's see.
Let me share with you something ... the red TL is the grandchild of 1.1079 , ... that's why I dare to short it even though everybody says it is bullish... Mr.Bull need to stay above 650 for few hours to maintain its status ... otherwise ... retracement up touching fib 50 - 100 (1.1079 - 0.9924 ) means ... very good confluences to go down more deeper than 0.9924 .

Anyways ... just trade what u believe in ... gl !
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  • #32,790
  • Aug 29, 2011 9:50am Aug 29, 2011 9:50am
Quoting VennD
Let me share with you something ... the red TL is the grandchild of 1.1079 , ... that's why I dare to short it even though everybody says it is bullish... Mr.Bull need to stay above 650 for few hours to maintain its status ... otherwise ... retracement up touching fib 50 - fib 100 (1.1079 - 0.9924 ) means ... very good confluences to go down more deeper than 0.9924 .
Interesting way of reading markets
  • #32,791
  • Aug 29, 2011 11:02am Aug 29, 2011 11:02am
Hi Venn,
What is your opinion on EURCHF? At what level do you think would make sense to short ?
Thanks
Marc

Quoting VennD
Let me share with you something ... the red TL is the grandchild of 1.1079 , ... that's why I dare to short it even though everybody says it is bullish... Mr.Bull need to stay above 650 for few hours to maintain its status ... otherwise ... retracement up touching fib 50 - 100 (1.1079 - 0.9924 ) means ... very good confluences to go down more deeper than 0.9924 .

Anyways ... just trade what u believe in ... gl !
  • #32,792
  • Edited 12:38pm Aug 29, 2011 12:33pm | Edited 12:38pm
Quoting marcb
Hi Venn,
What is your opinion on EURCHF? At what level do you think would make sense to short ?
Thanks
Marc
Sorry man , was away just now ... I didn't follow EUR/CHF fundies anymore ... hv closed all my toys in there ... anyway EUR/CHF rally up was affected by USD/CHF ... technically , best confluence to short is some where between 1.2338 - 1.2079 subject to any resistances.

Right now it stall and we can short it some where around 1.1823 (stalling area) with tight SL. Im afraid there are some bids to be taken care of 100 pips below this level.
  • #32,793
  • Edited 2:49pm Aug 29, 2011 12:42pm | Edited 2:49pm
AU is very angry right now ... together with Irene damaging US beaches ...

O men ! short @ 640 was stopped out at BE+1 , and it snapped sellorder @ 659 ... maybe no more chance for Mr.Bear as of now ...
  • #32,794
  • Aug 29, 2011 12:47pm Aug 29, 2011 12:47pm
Hi Venn,
thank you for your reply.
Why do you think between 1.23 and 1.20 would be a good point for short on EURCHF? What would be your target?
Quoting VennD
AU is very angry right now together with Irene damaging US beaches ...
  • #32,795
  • Edited 2:30pm Aug 29, 2011 1:49pm | Edited 2:30pm
Quoting marcb
Hi Venn,
thank you for your reply.
Why do you think between 1.23 and 1.20 would be a good point for short on EURCHF? What would be your target?
DownTrend ( 1.2338 - 1.0063 ) , up retracement ... most prices will visit retracement 38.6% - 88.6% (yellow fib), any rejection between retracement fib 88.6% (1.2079 ) - fib 100.0% (1.2338 ) , is the best confluence to short in your case , subject to any resistances .

However , if it can stay above fib retracemnet 100.0% , EUR/CHF will go above 1.2338 ( touching fib 127.2% / fib 161.8%)... and ... if it is rejected between fib 127.2% - 161.8% , it will go back to fib 100.0% , back and forth like that until something big to show its actual directions.

Anyway ... all those are one of the fibo rules ... fundies/news need to be looked into , also. unless ... u know how to trade using candle signals / candle patterns only.

Targets will follow in sequence (depends from where u short it) ... fibs 88.6 , 78.6 , 70.7 , 61.8 , 50.0 ... and so on .

Let me test ... short eurchf @ 1.1838 , SL 5 pips above recent high bar.
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  • #32,796
  • Aug 29, 2011 4:48pm Aug 29, 2011 4:48pm
AUD/USD @ 1.0675

Break of 1.0635 finally encouraged buyers and with good numbers out of NZ gave it an extra sparkle.

1.0680 resistance so expect a few sellers to be luring around 1.0700 as well.

Cross plays are the rage at the moment as risk on has seem my all time favourite AUD/CHF looking a standout (currently .8720)
Consolidation phase between .8150 .8350 has broken and the upward momentum seems its on the charge.
.9150 is my next stop on the road to parity.
Keep positions smallish as this baby is volatile.

Good luck
  • #32,797
  • Aug 29, 2011 6:33pm Aug 29, 2011 6:33pm
somewhat disappointing news out of aus. below forecast.
  • #32,798
  • Aug 29, 2011 9:49pm Aug 29, 2011 9:49pm
.
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  • #32,799
  • Aug 29, 2011 10:25pm Aug 29, 2011 10:25pm
Quoting VennD
.
Im loving those sunglasses
  • #32,800
  • Aug 29, 2011 10:34pm Aug 29, 2011 10:34pm
Quoting lasty
Im loving those sunglasses
I was seeing something else but oh well, i have filthy mind
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