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AUD/USD

  • #36,901
  • Dec 4, 2011 7:16pm Dec 4, 2011 7:16pm
Shorted earlier at 1.0250 and close 14 pips later....

Probably need to wait a bit more before deciding to jump in the deep end today.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #36,902
  • Dec 4, 2011 7:50pm Dec 4, 2011 7:50pm
Quoting Teddicus
This week I see 1.04-1.05 on the horizon, May stop at 1.01 before it gets there.... but I see the 1.04 - 1.05 handle as the final leg before the sky starts falling....
sorry bro i dont afree i sold heavy and my targets are 1.0130
second 0.9900
third 0.9750

Younas
Don't compare your Trades with Others
  • #36,903
  • Dec 4, 2011 7:56pm Dec 4, 2011 7:56pm
This week, I will participate in the market. Short will be my choice of trade.

I dont see any reason AUDUSD should rally considering the big factors weighting heavily on RISK APPETITE.
  • #36,904
  • Dec 4, 2011 8:00pm Dec 4, 2011 8:00pm
Quoting DubaiFX
sorry bro i dont afree i sold heavy and my targets are 1.0130
second 0.9900
third 0.9750

Younas
I shorted at 102.487 and TP is at 96.5 just my opinion based on s/r and upcomming news
"Pippin aint easy"
  • #36,905
  • Dec 4, 2011 8:47pm Dec 4, 2011 8:47pm
missed the optimum entry, but am short from 1.0230
  • #36,906
  • Dec 4, 2011 9:55pm Dec 4, 2011 9:55pm
No direction so far..ranging at 1.022 - 1.026..Wait for london open ,with the rate decision tomorrow ,just plan to fade the market after it move 100 pips more..
  • #36,907
  • Dec 4, 2011 9:56pm Dec 4, 2011 9:56pm
here is my take on the potential from an Elliott Wave standpoint... I hope we see the expanded flat... an easy easy trade....

and so now we wait... Good luck w/your trades everyone
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  • #36,908
  • Dec 4, 2011 9:58pm Dec 4, 2011 9:58pm
Quoting DubaiFX
sorry bro i dont afree i sold heavy and my targets are 1.0130
second 0.9900
third 0.9750

Younas
I hear you man.... ultimately I agree the drop everyone anticipates is GOING to happen....

Its simply a matter of WHEN....

So for me I don't see the RBA Cutting Rates two months in a row - heading right into the potential break-up of the EMU....

They may very well do it - I just don't feel like they will....

And considering that this is likely to be the last risk-on rally we see before chicken-little steps in....

I would say that the following week of Hopium will drive the risk-on right up to the edge of the cliff.... Albeit a rocky road to those upward targets....

Again I may be wrong...

I would rather have my short in much higher - when I have the confirmed downward run....
  • #36,909
  • Dec 4, 2011 10:07pm Dec 4, 2011 10:07pm
I agree deano.... I was eyeing that 1.0444 target.... somewhere definitely btw 1.035-1.05
  • #36,910
  • Dec 4, 2011 10:13pm Dec 4, 2011 10:13pm
Quoting Teddicus
I agree deano.... I was eyeing that 1.0444 target.... somewhere definitely btw 1.035-1.05

Thx - alot of strategies beyond Elliott Wave have me plotting there as well... tick - tock... we wait PAYtiently...
  • #36,911
  • Dec 4, 2011 10:24pm Dec 4, 2011 10:24pm
A lot of people had been talking about the test of .95 and the eventual test of the previous support low of .9385.....

My fibs have me seeing the test of the .786 level.... before a drop to the 1.27 (which happens to fall right around there - green line)....

Possibly then before a retest of .99 or something before the cliff drop.....
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  • #36,912
  • Dec 4, 2011 10:24pm Dec 4, 2011 10:24pm
Morning all, no bear in sight yet. Thought it will reveal itself today when my daily chart indicates a nice bearish pin on last Friday's close. Still not in position yet as my 1 hr chart still shows that price can go anywhere from here since it is nicely in consolidation after that big bullish candle.

My daily EMAs shows that bull is still in for a fight though and I won't be surprise that the 1.034s region will be tested yet again and we shall see where PA will take us from there.

Good luck to those who has taken a position now.
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  • #36,913
  • Dec 4, 2011 10:28pm Dec 4, 2011 10:28pm
This pair has VIOLENT swings. I am in the camp we are on the upswing
again towards a retest of 1.1

any challenging views?

What is the major bias in the thread. Sorrry I pop in now and then please excuse me.
ThX
X
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #36,914
  • Dec 4, 2011 10:30pm Dec 4, 2011 10:30pm
If that green support line you have goes --- I'm short or sidelined.

I don't like selling this pair and would rather collect on roll and long swings.

100 pips up or down is a day not much to talk about.

Quoting Muhd Taufik
Morning all, no bear in sight yet. Thought it will reveal itself today when my daily chart indicates a nice bearish pin on last Friday's close. Still not in position yet as my 1 hr chart still shows that price can go anywhere from here since it is nicely in consolidation after that big bullish candle.

My daily EMAs shows that bull is still in for a fight though and I won't be surprise that the 1.034s region will be tested yet again and we shall see where PA will take us from there.

Good luck to those who has taken a position now.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #36,915
  • Dec 4, 2011 10:32pm Dec 4, 2011 10:32pm
Keep in mind. It may not be a bull flag any more but the longer aussie stays up here, these are pared gains and the fair price becomes adjusted.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #36,916
  • Dec 4, 2011 10:37pm Dec 4, 2011 10:37pm
Quoting XTrade
This pair has VIOLENT swings. I am in the camp we are on the upswing
again towards a retest of 1.1

any challenging views?

What is the major bias in the thread. Sorrry I pop in now and then please excuse me.
ThX
X
On long term charts... I see an elliott wave count that could potentially agree... very long term... there will be many pips to be made along the way, both short and long. IMO... if price breaks below .9385 then elliott wave rule violations would change the count and I would re-assess this anticipation
  • #36,917
  • Dec 4, 2011 10:44pm Dec 4, 2011 10:44pm
Well,
looks like were in for a little test of support on Aussie and Kiwi now...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #36,918
  • Dec 4, 2011 10:46pm Dec 4, 2011 10:46pm
Gold still at 1745.

Nice analysis though. I don't follow EW but makes sense.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #36,919
  • Dec 5, 2011 12:05am Dec 5, 2011 12:05am
Quoting XTrade
If that green support line you have goes --- I'm short or sidelined.

I don't like selling this pair and would rather collect on roll and long swings.

100 pips up or down is a day not much to talk about.
I like selling this pair and have been making good money although sometimes techinicals and fundamentals do not follow, this is my experience so far : this pair always trade in the range of 0.93 to 1.07 ( historical data)

Lately volatility is DECREASING new lows are 0.97 to 1.03 - this is credible because of AUSSIE's hint of lowering interest rate and news of USD QE 3 ( plus the new swap lines) . I doubt that the volatility will increase unless something major happens.

This pair's wild swings comes from NEWS ( ground breaking news) , not so much on technicals. At 1.03 i reccomend a sell , tp parity SL at 1.06, be prepared to hold for at least 2 weeks.
  • #36,920
  • Dec 5, 2011 12:47am Dec 5, 2011 12:47am
Finally got out of IBFX. Lousy spread. lousy execution even for Limit Orders being filled 1-2 full pips away from the specified Limit price? ie, Limit Sell 1.0000 and I'd get a fill at 0.99985?

The market is very quite waiting for Merkozy.

Waiting with a LIMIT SELL 1.0250 for a 1.0100, SL 1.0300
I am ignoring technical for this and am going with just plain Fundy: Hopium is ending.
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