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AUD/USD

  • #34,461
  • Oct 13, 2011 7:33pm Oct 13, 2011 7:33pm
Quoting fx-rocket
Short @ 1.0188, Tp 1.0008, stop 1.0218
Quoting fx-rocket
Got out @ 1.0170 +18pips

Gone long now @ 1.0169
what made you change direction so quickly when the markets this quiet?
  • #34,462
  • Oct 13, 2011 8:22pm Oct 13, 2011 8:22pm
SSI Chart as of Oct 13, 17:10GMT


EUR, GBP, AUD shorts are building, so much so, SSI is suggesting more upmove for these currencies.
Attached Image (click to enlarge)
Click to Enlarge Name: SSI.png Size: 88 KB
  • #34,463
  • Oct 13, 2011 8:25pm Oct 13, 2011 8:25pm
Quoting taxe91
what made you change direction so quickly when the markets this quiet?
Sorry to clutter up the forum with long here and short there kind of posts.
Got cought up in not knowing what direction to take the trades, so out of it for now. Will have to be patient to see if we get any direction from Europe open...
Expect the unexpected.
  • #34,464
  • Edited 9:53pm Oct 13, 2011 9:33pm | Edited 9:53pm
It still all about the line now at about 55. It's dosn't want to leave it, so I am sitting on my hands for now. Based on recent form, when it does decide to move it will be fast and violent to the next level.

EDIT, looking in finer detail it is making a break to the upside, but still not trusting it. Perhaps if it breaks above recent swing highs and comes back , but not all the way, then I could take it then. Guess it depends on the fundamentals which are all over the shop currently. Another strong line about 65 also.

Better get back to work !
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 56 KB
  • #34,465
  • Oct 13, 2011 10:07pm Oct 13, 2011 10:07pm
Can someone draw a TL from Oct. 2009 to present, on monthly. I'm not on my computer.
  • #34,466
  • Oct 13, 2011 10:17pm Oct 13, 2011 10:17pm
Red marks the spot! U need a cleaner one or what?

Quoting Clouds
Can someone draw a TL from Oct. 2009 to present, on monthly. I'm not on my computer.
Attached Image (click to enlarge)
Click to Enlarge Name: auweekly 2009.gif Size: 34 KB
  • #34,467
  • Oct 13, 2011 10:22pm Oct 13, 2011 10:22pm
Quoting Chillypiper
Red marks the spot! U need a cleaner one or what?
That's good. Thanks. Interesting spot we're at.
  • #34,468
  • Oct 13, 2011 10:26pm Oct 13, 2011 10:26pm
An interesting Gann box Overlay on a 5 min chart with SMA200 & SMA125 and Fib retracement.
Just watching PA follow prediction possibilities, if you can see through the noise. LOL .. Along with trade positions that I've taken over the past couple of days.
Attached Image (click to enlarge)
Click to Enlarge Name: AUSGannBox.jpg Size: 209 KB
  • #34,469
  • Oct 13, 2011 10:43pm Oct 13, 2011 10:43pm
Your doing well Don ! I'd like to do more with Gann lines myself, I have played around and sometimes they mark the spot, but not always .. but I am not sure how to draw them properly. The lines on the graph do look a little like something from the occult though !
  • #34,470
  • Oct 13, 2011 10:49pm Oct 13, 2011 10:49pm
Quoting webart
Your doing well Don ! I'd like to do more with Gann lines myself, I have played around and sometimes they mark the spot, but not always .. but I am not sure how to draw them properly. The lines on the graph do look a little like something from the occult though !
haha Gann wasn't opposed to a bit of misty moon stuff!! I hadn't got Gann tools out in a bit and thought I would have a play with them. I had forgot how much PA follows mathematical channels. Hope you have had a good friday!!
  • #34,471
  • Oct 13, 2011 10:56pm Oct 13, 2011 10:56pm
Good stuff ! I am a closet Gann fan .Keep them coming...

Quoting DonL
An interesting Gann box Overlay on a 5 min chart with SMA200 & SMA125 and Fib retracement.
Just watching PA follow prediction possibilities, if you can see through the noise. LOL .. Along with trade positions that I've taken over the past couple of days.
  • #34,472
  • Oct 13, 2011 11:04pm Oct 13, 2011 11:04pm
break of 1.0230s will bring 1.0400 to the table.

could this be a real breakthrough, or just another stop hunting?
  • #34,473
  • Oct 13, 2011 11:09pm Oct 13, 2011 11:09pm
I have been covering longs on AUDUSD lately with shorts on EURUSD as they are having a strong positive 200-period correlation on 5m (97), hourly (98) and daily (84).

http://www.forexticket.co.uk/en/tools/01-01-correlation

Sometimes the charts are clearer on one of the pairs which allows to preview what the other one could do, this is why I am also enclosing an EURUSD chart.

These are my possible scenarios on play, a mix of harmonic patterns and Wolfe waves, with probable targets at around the USA open (in 7 hours roughly), either bearish or bullish.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurodolar_m30_oct14.gif Size: 19 KB
Click to Enlarge Name: audusd_m30_oct14.gif Size: 17 KB
  • #34,474
  • Oct 13, 2011 11:11pm Oct 13, 2011 11:11pm
I'm selling at 1.0350-1.0360.
  • #34,475
  • Oct 13, 2011 11:14pm Oct 13, 2011 11:14pm
Very nice work! Thank you and I cover also for now.... Good luck!

Quoting doblece
I have been covering longs on AUDUSD lately with shorts on EURUSD as they are having a strong positive 200-period correlation on 5m (97), hourly (98) and daily (84).

http://www.forexticket.co.uk/en/tools/01-01-correlation

Sometimes the charts are clearer on one of the pairs which allows to preview what the other one could do, this is why I am also enclosing an EURUSD chart.

These are my possible scenarios on play, a mix of harmonic patterns and Wolfe waves, with probable targets at around the USA open (in 7 hours roughly), either...
  • #34,476
  • Edited Oct 14, 2011 12:01am Oct 13, 2011 11:19pm | Edited Oct 14, 2011 12:01am
Who's thinking long if we get 618 retrace on this spike ?

EDIT Done Long 217, off a short term median .. prepared to take the heat down to 618 if needed.

Closed for 12pip scalp. This market makes me too nervous ! I want to keep my up sloping equity curve for the week !

EDIT - Back in off the 618. Closed +5.
Attached Image
  • #34,477
  • Oct 13, 2011 11:26pm Oct 13, 2011 11:26pm
Quoting webart
Who's thinking long if we get 618 retrace on this spike ?

EDIT Done Long 217, off a short term median .. prepared to take the heat down to 618 if needed.
If we could.

Im suspecting stop hunting at 1.0230s

PS. stop hunting or not; this is 2nd time retesting 1.0230s; we could see a clean break.
the atmosphere over at europe is very hopeful on the greece issue.
  • #34,478
  • Oct 13, 2011 11:38pm Oct 13, 2011 11:38pm
And here is a probable price action for the next hour - couple of hours: a break of the rising wedge on 5min charts, with projection of the move towards the 5M SMA200 level (roughly).

While struggling with a slow connection the price pierced and went back up... anyway the Aussie is stronger (EUR/AUD is falling) so might be slower to coordinate with the Euro-Dollar moves. Also, it would seem there is still some piece of the wedge to fill up. Who knows!
Attached Images
  • #34,479
  • Oct 14, 2011 12:02am Oct 14, 2011 12:02am
Audindex at stong resistance....If she does not hold we see 0359
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audfxdaily1014.gif Size: 26 KB
Click to Enlarge Name: au4hrzup.gif Size: 48 KB
  • #34,480
  • Oct 14, 2011 12:28am Oct 14, 2011 12:28am
Got in at 1.02 in re entry into the short term up channel +7 .. I'm done. Home time. All the best trading.
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