Price action seems to indicate respect for the key 1.06 level and it has just been a case of the bulls buying it. Personally im very bullish the AUD but cannot discount a move back to 1.05 or even 1.04 level in the interim. I really do not see it getting back to parity without a major event occuring.
- #33,062
- Edited 9:46pm Sep 7, 2011 9:06pm | Edited 9:46pm
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
- #33,063
- Sep 7, 2011 9:34pm Sep 7, 2011 9:34pm
Im merely scalping , bro. No bias to either side. tc ...
attached : Gold 30m & AU 15m
I don't belive How do you take position in Sell @660!!!
And you entered @sell before "Employment Change" and "Unemploy rate"
But I know that is Fibo Exten 161%
Is correct?
Chelost
- #33,065
- Sep 7, 2011 10:26pm Sep 7, 2011 10:26pm
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
Hello my friend VennD:
I don't belive How do you take position in Sell @660!!!
And you entered @sell before "Employment Change" and "Unemploy rate"
Is correct?
Chelost
Technical Confluences ...
1) Two Signal Candles to short scalp formed before price rejection @ 660 (i.e High=Close=652 + 655).
2) Fibo Rules
3) TLs
4) ... and many other indis.
... am waiting to close that short scalp 660 ... other positions maintain as it is.
- #33,066
- Sep 7, 2011 10:57pm Sep 7, 2011 10:57pm
- Joined Aug 2008 | Status: Trader | 3,386 Posts
AUD/USD @ 1.0580
Well unemployment rose to 5.3% from 5.1%
Naturally sold on the numbers and perhaps we can look at 1.0540 again.
Makes sense because of the big up days we have had in equities and its time for a breather.
Now the "egg on face" award goes to the Australian Treasurer Wayne Swan who off an "unusual" set of good GDP numbers (because of insurance claims in QLD) said " Return to growth showed the economy was in good shape."
AUD/Crosses- have given up most from yesterday gains and would look to reload again.
Europes mess isnt going away and nor is the US's. ( nor is Waynes
)
Well unemployment rose to 5.3% from 5.1%
Naturally sold on the numbers and perhaps we can look at 1.0540 again.
Makes sense because of the big up days we have had in equities and its time for a breather.
Now the "egg on face" award goes to the Australian Treasurer Wayne Swan who off an "unusual" set of good GDP numbers (because of insurance claims in QLD) said " Return to growth showed the economy was in good shape."
AUD/Crosses- have given up most from yesterday gains and would look to reload again.
Europes mess isnt going away and nor is the US's. ( nor is Waynes
)
- #33,067
- Sep 7, 2011 11:03pm Sep 7, 2011 11:03pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #33,069
- Edited 5:27am Sep 8, 2011 4:48am | Edited 5:27am
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
- #33,070
- Sep 8, 2011 6:53am Sep 8, 2011 6:53am
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
- #33,071
- Edited 7:18am Sep 8, 2011 7:14am | Edited 7:18am
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
- #33,072
- Sep 8, 2011 7:36am Sep 8, 2011 7:36am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #33,073
- Sep 8, 2011 7:55am Sep 8, 2011 7:55am
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
True.. but GBP/USD rallied for a bit upwards.
let them have their boxing day ...
- #33,074
- Sep 8, 2011 8:18am Sep 8, 2011 8:18am
It is just me and my toys ...
Technical Confluences ...
1) Two Signal Candles to short scalp formed before price rejection @ 660 (i.e High=Close=652 + 655).
2) Fibo Rules
3) TLs
4) ... and many other indis.
... am waiting to close that short scalp 660 ... other positions maintain as it is.
Now, I'am learning more on AU.
I'm goint to show my analysis of trader.
- #33,075
- Sep 8, 2011 8:26am Sep 8, 2011 8:26am
- Joined Oct 2007 | Status: Communicate-Advise-ShareExperiences | 4,564 Posts
Thank's VennD. I understood your analysis.
Now, I'am learning more on AU.
I'm goint to show my analysis of trader.
