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AUD/USD

  • #35,761
  • Nov 16, 2011 7:38am Nov 16, 2011 7:38am
Quoting KCV
Possible Butterfly...

Will be watching it....


Heavy Support
Attached Image (click to enlarge)
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  • #35,762
  • Nov 16, 2011 8:11am Nov 16, 2011 8:11am
Looks great for a short here if price rejects 0140s.... ranging now in 15 mins TF
  • #35,763
  • Nov 16, 2011 8:12am Nov 16, 2011 8:12am
Quoting Muhd Taufik
Looks great for a short here if price rejects 0140s.... ranging now in 15 mins TF
Loading the chart
Attached Image (click to enlarge)
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  • #35,764
  • Nov 16, 2011 10:25am Nov 16, 2011 10:25am
Does this make sense? Perfect daily head n shoulders set up just below parity.
Attached Image (click to enlarge)
Click to Enlarge Name: making sense.gif Size: 17 KB
Come with me if you want to live....
  • #35,765
  • Nov 16, 2011 10:44am Nov 16, 2011 10:44am
Quoting KCV
Possible Butterfly...

Will be watching it....

Looks Like the butterfly wings are formed.

Attached Image (click to enlarge)
Click to Enlarge Name: $AUDUSD (15 Min) 11_16_2011(b).jpg Size: 124 KB
  • #35,766
  • Nov 16, 2011 11:16am Nov 16, 2011 11:16am
Quoting Ill-b-back
Does this make sense? Perfect daily head n shoulders set up just below parity.
that's what I'm thinking...
  • #35,767
  • Nov 16, 2011 11:19am Nov 16, 2011 11:19am
Don't think this pair is ready for parity yet.
Make your losses in demo. Earn your profits live.
  • #35,768
  • Nov 16, 2011 12:14pm Nov 16, 2011 12:14pm
Still holding short, I will b surprised to see price go beyond the 1 hr 200 ema. In my last trade for the week I think. Next stop, 1.0020 ish.
Come with me if you want to live....
  • #35,769
  • Nov 16, 2011 12:22pm Nov 16, 2011 12:22pm
Quoting marrie88
I'm fairly new to forex and have so far been trading based on fundamentals. But I've been told that technical is the way to go, and hence am now very confused...
Personally, I feel the forex is a great conspiracy. I notice time and time again that rumours, bond yields, employment figures etc produce figures to justify technical moves. I trade on a technical basis with the broad fundamentals in mind. ( such as the European situation) ignoring temporary price spikes from news events. I have an each way bet that we won't see the next solution step out of Europe until we reach parity or below, which will see the Aussie surge to new highs and finish the year on a high note and wall st can get their bonus cheques. Then look out for a mighty drop first half of next year when they realize the bail out will not solve the problems (if they don't realize it already) AKA 2008.
Come with me if you want to live....
  • #35,770
  • Nov 16, 2011 1:03pm Nov 16, 2011 1:03pm
sold @ 1.0151, tp 1.0051, sl 1.0201
Expect the unexpected.
  • #35,771
  • Nov 16, 2011 1:09pm Nov 16, 2011 1:09pm
Quoting ibotman
that's what I'm thinking...
don't think so. personally looks to me that it's an inverse H&S (which I've mentioned before). As I said then, I would mainly be going long until I have confirmation that the pattern would not materialize, but it seems there is a great possibility that we might have the price shoot up on us soon with some of the things happening in the background.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #35,772
  • Nov 16, 2011 1:10pm Nov 16, 2011 1:10pm
Quoting Ill-b-back
Personally, I feel the forex is a great conspiracy. I notice time and time again that rumours, bond yields, employment figures etc produce figures to justify technical moves. I trade on a technical basis with the broad fundamentals in mind. ( such as the European situation) ignoring temporary price spikes from news events. I have an each way bet that we won't see the next solution step out of Europe until we reach parity or below, which will see the Aussie surge to new highs and finish the year on a high note and wall st can get their bonus cheques....
the markets have been following technicals.
  • #35,773
  • Nov 16, 2011 1:11pm Nov 16, 2011 1:11pm
lower highs, lower lows.

all fib retracements.
  • #35,774
  • Nov 16, 2011 1:12pm Nov 16, 2011 1:12pm
Sorry guys, but had to post this:
stop moved to +50.
Attached Image
Expect the unexpected.
  • #35,775
  • Nov 16, 2011 1:27pm Nov 16, 2011 1:27pm
Quoting Ill-b-back
Personally, I feel the forex is a great conspiracy. I notice time and time again that rumours, bond yields, employment figures etc produce figures to justify technical moves. I trade on a technical basis with the broad fundamentals in mind. ( such as the European situation) ignoring temporary price spikes from news events. I have an each way bet that we won't see the next solution step out of Europe until we reach parity or below, which will see the Aussie surge to new highs and finish the year on a high note and wall st can get their bonus cheques....

Well since it is non regulated anyone with money can do whatever they want. On the interbank they push up the price (see latest pump n dump before the fall last few weeks), with no justification at all for the move. The last move up before the fall was pure margin call chasing. Also the fact that when you press the SELL button a buy call is actually put in to the bank, when you BUY then a sell is put in, thus if all retailers are selling expect price to get a push up. This would explain why GS failed at 1.35, since many people started to go long which pushed the market down, what can you do when the game is rigged?

There are no retail forex brokers that allow you to trade directly on the market, the banks REQUIRE all brokers to hedge positions, why? Ofcourse their not going to accept losses so they require the brokers or the clients to accept the loss.

So then it is a game between brokers/client, and since your trading with the broker they chase your stops by manipulation...

The only way is to cut your losses short and let your winners run, if you see yourself holding onto a loss then you are doomed to fail.
  • #35,776
  • Nov 16, 2011 1:44pm Nov 16, 2011 1:44pm
AUD/USD @1.0080

No surprises here -

The only sticking point will be sovereign buyers catching the market off guard (short) like they have done the past few months causing headaches for retailers and hedge funds.

today- support 1.0000/20 and resistance 1.0150

Good luck
  • #35,777
  • Nov 16, 2011 2:20pm Nov 16, 2011 2:20pm
Quoting lasty
AUD/USD @1.0080

No surprises here -

The only sticking point will be sovereign buyers catching the market off guard (short) like they have done the past few months causing headaches for retailers and hedge funds.

today- support 1.0000/20 and resistance 1.0150

Good luck
how could you leave out 1.0060, biggest # below now
Don't have an ego. Always question yourself and your ability.
  • #35,778
  • Nov 16, 2011 2:45pm Nov 16, 2011 2:45pm
Quoting RamsesII
how could you leave out 1.0060, biggest # below now

Lets see how it pans out.. eh bro
  • #35,779
  • Nov 16, 2011 2:58pm Nov 16, 2011 2:58pm
Quoting lasty
AUD/USD @1.0080

No surprises here -

The only sticking point will be sovereign buyers catching the market off guard (short) like they have done the past few months causing headaches for retailers and hedge funds.

today- support 1.0000/20 and resistance 1.0150

Good luck
Is that why the price is not dropping?? It's those sovereign buyers buying the pair? By the usual speed of how this pair moves, the price should be way below 1.0060 (a support level) by now.
Make your losses in demo. Earn your profits live.
  • #35,780
  • Nov 16, 2011 3:05pm Nov 16, 2011 3:05pm
Who's with me? I don't think it will drop below parity and it will at least go up to 1.01128
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