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AUD/USD

  • #34,141
  • Oct 4, 2011 1:13am Oct 4, 2011 1:13am
Quoting BurgerKing
By now, this pair is a no brainer: just short it till it hurts....

0.9400 is gonna break. Question is what level next?
i do not think so .to short it here is not good .just my point .

and now we are @ the 161.8% fib level,and the channel line support level .here will be some reaction.
Attached Image (click to enlarge)
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A chart helps those who can read it.
  • #34,142
  • Oct 4, 2011 2:23am Oct 4, 2011 2:23am
Quoting geniusztc
i do not think so .to short it here is not good .just my point .

and now we are @ the 161.8% fib level,and the channel line support level .here will be some reaction.
yes, short NOT at current levels... need pullbacks
im waiting to short at 9500, but need to find better resistance levels/fib levels to short
  • #34,143
  • Edited 3:34am Oct 4, 2011 2:43am | Edited 3:34am
I'm thinking enter short @ .9489 (if it comes back) and close @ .9230*** by end of week

edit ***
  • #34,144
  • Oct 4, 2011 3:07am Oct 4, 2011 3:07am
Quoting Amart83
I'm thinking enter short @ .9489 (if it comes back) and close @ .9100 by end of week
where are we find point rebound???

Answers:

PD: Will Speak BEN
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  • #34,145
  • Oct 4, 2011 5:25am Oct 4, 2011 5:25am
Quoting lasty
Ok my thoughts on rate cuts is this..

RBA will go IF Europe goes OR something domestically bad happens here ..

Given that RBA are inflation paranoid and despite their band lowering prediction I would be very surprised to see them release the handbrake.

Also remember a weak currency spurs inflation..

None of the economists have got this movement right so far... Forget about them
Yes, they are big time worried about inflation, and their currency plummeting is not going to help. I would be very surprised if we saw a rate cut this year.

Regards,
  • #34,146
  • Oct 4, 2011 5:38am Oct 4, 2011 5:38am
9540 and 9537 was last Oct & Nov's low support but it was broken yesterday and AU got rejected by 9530-9540 area 3 times based on hourly chart.. maybe a nice try to sell at 9530-9540 area with tight stop.
  • #34,147
  • Oct 4, 2011 7:38am Oct 4, 2011 7:38am
Quoting Yuchen
9540 and 9537 was last Oct & Nov's low support but it was broken yesterday and AU got rejected by 9530-9540 area 3 times based on hourly chart.. maybe a nice try to sell at 9530-9540 area with tight stop.
ditto ... waiting for retrace to enter
WARNING: Don't follow me as I'm just learning
  • #34,148
  • Oct 4, 2011 8:05am Oct 4, 2011 8:05am
shifted into neutral here.. ill be watching for developing pa for long entries.. from 94, 9250, or 8800 we'll need it to compress before longs can develop I dunno how much capitulation we'll get at these levels.
  • #34,149
  • Oct 4, 2011 8:08am Oct 4, 2011 8:08am
"...The AUDUSD has reached the long cited bearish target of 9400 and the channel that defines the trend from the July top. To review, 9400 is the 2009-2010 double top (2009 was slightly above 9400 and 2010 was slightly below). One would expect a bounce at minimum to materialize from here. Resistance is 9540 and 9590. These are levels that I may turn bearish at again."
Jamie Saettele, CMT

Sounds like 0.9400 is a very strong support ATM...
  • #34,150
  • Oct 4, 2011 8:48am Oct 4, 2011 8:48am
Possibly, this rocket well end soon with some fence's to still cross. Fan fibo is at 50% and at Oct 09 support level witch has minor resistance. It all seams a bit haywire with some pairs showing some recovery form yesterdays mayhem..

S&P has for the time being stopped it's death plunge with a lot more to go before turning this train around here and A/J a with the sell off of gold being the next victim..

Good luck!
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  • #34,151
  • Oct 4, 2011 8:54am Oct 4, 2011 8:54am
Got long 3 lots @ 9410. Stops moved to BE + 10. We'll see if today is a bounce day. TP1 is @ 9540. Good trades to all....

Regards,
  • #34,152
  • Oct 4, 2011 8:55am Oct 4, 2011 8:55am
Short term trend lines have no affect here all thought at major support for Daily. Hope It's NOT the Brown one......
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  • #34,153
  • Oct 4, 2011 8:59am Oct 4, 2011 8:59am
Nice entry! Sure you know she may re-test, but hey your a winner already.

Quoting FX-Petra
Got long 3 lots @ 9410. Stops moved to BE + 10. We'll see if today is a bounce day. TP1 is @ 9540. Good trades to all....

Regards,
  • #34,154
  • Oct 4, 2011 10:02am Oct 4, 2011 10:02am
Quoting FX-Petra
Got long 3 lots @ 9410. Stops moved to BE + 10. We'll see if today is a bounce day. TP1 is @ 9540. Good trades to all....

Regards,
Closed 1 lot @ 9460. Chicken, I know, but NY after lunch has been brutal latley. Nice to book some profit. Letting the other 2 lots run w/ stops @ 9420.

Regards,
  • #34,155
  • Oct 4, 2011 10:36am Oct 4, 2011 10:36am
Long legged Doji..Medium reliability for bullish reversal..
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  • #34,156
  • Oct 4, 2011 10:57am Oct 4, 2011 10:57am
I found this overview a bit disturbing that some of the big boys expect the S&P to drop below 1000 and would in-cure CB crutching..

http://www.creditwritedowns.com/2011...ity-train.html
  • #34,157
  • Oct 4, 2011 12:06pm Oct 4, 2011 12:06pm
Quoting FX-Petra
Closed 1 lot @ 9460. Chicken, I know, but NY after lunch has been brutal latley. Nice to book some profit. Letting the other 2 lots run w/ stops @ 9420.

Regards,
As expected, rally into close seems to be a foreign concept to the markets right now.

Regards,
  • #34,158
  • Oct 4, 2011 12:11pm Oct 4, 2011 12:11pm
Yep, We should have sold gold..... MY Damn hindsight is 100% accurate btw.

Quoting FX-Petra
As expected, rally into close seems to be a foreign concept to the markets right now.

Regards,
  • #34,159
  • Oct 4, 2011 12:32pm Oct 4, 2011 12:32pm
Quoting Chillypiper
Yep, We should have sold gold..... MY Damn hindsight is 100% accurate btw.

must be nice to be able to trade gold on a margin! thanx to dodd frank; in the usa is a against the law to trade gold that way! so much for freedom (another liberal trying to "help" you)
  • #34,160
  • Oct 4, 2011 1:00pm Oct 4, 2011 1:00pm
Droping like a big brick. Big money is in some play now!
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