It's extremely over valued.
It's only worth .95.
It's only worth .95.
- #39,202
- Jan 19, 2012 1:39pm Jan 19, 2012 1:39pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Guys, really I don't get it...
IT'S AN UPTREND, period. BUY THE DIPS.
ok you are right.
now, assuming we look to buy dips ..... this is certainly not the kind of pattern and price where going long.
a possible dip is at least near 0330-0350.
scalping excluded.
but don't forget that upper trendline in daily weekly chart.
90% of traders use TA, indicators and prediction
- #39,206
- Jan 19, 2012 3:58pm Jan 19, 2012 3:58pm
- Joined Aug 2008 | Status: Trader | 3,386 Posts
AUD/USD @ 1.0425
The downside test failed as AUD was dragged by firmer Euro.
I think the market was tiring of selling euro. This triggered a better European bond response and a sell off in US treasuries.
I dont think we have turned the corner in Europe.
Just a frustrated market
Todays range 1.0370-1.0450
EUR/AUD @ 1.2445
No surprises here as suggested yesterday. Wait for possible further corrective stance before shorting or a break of 1.2200
GBP/AUD @ 1.4865
As 1.4700 holds do nothing until it breaks - Its that simple..
Enjoy your weekend
The downside test failed as AUD was dragged by firmer Euro.
I think the market was tiring of selling euro. This triggered a better European bond response and a sell off in US treasuries.
I dont think we have turned the corner in Europe.
Just a frustrated market
Todays range 1.0370-1.0450
EUR/AUD @ 1.2445
No surprises here as suggested yesterday. Wait for possible further corrective stance before shorting or a break of 1.2200
GBP/AUD @ 1.4865
As 1.4700 holds do nothing until it breaks - Its that simple..
Enjoy your weekend
- #39,207
- Jan 19, 2012 4:00pm Jan 19, 2012 4:00pm
In Long @ 1.0425, Sl 1.0395, Tp open...
I am short....TP at 1.0350 or will wait till EUR retracement is complete and cover my shorts, and take a Aussie long to 1.0550
Either you take my money or you give me your money....
Lets not give our money to those big bankers....
PPP - Patience Pays PIPS
- #39,208
- Jan 19, 2012 4:11pm Jan 19, 2012 4:11pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
euro is driven by snb and boj imo.
look the kind of up-move.... have you ever seen this kind of upmove?
about au im still holding my short and planned a possible hedge in buy since it could go crazy up. but be careful, it could also crash like hell for 150pips in few hours till tomorrow ny session when it will be heavy re-bought.
must be very careful in this actual market conditions imo!
every position must have a clear entry plan and a clear exit plan.
it is not the kind of market where going long in a support or short in a resistance just becuase they are there!
just an advice
look the kind of up-move.... have you ever seen this kind of upmove?
about au im still holding my short and planned a possible hedge in buy since it could go crazy up. but be careful, it could also crash like hell for 150pips in few hours till tomorrow ny session when it will be heavy re-bought.
must be very careful in this actual market conditions imo!
every position must have a clear entry plan and a clear exit plan.
it is not the kind of market where going long in a support or short in a resistance just becuase they are there!
just an advice
90% of traders use TA, indicators and prediction
- #39,211
- Jan 19, 2012 5:16pm Jan 19, 2012 5:16pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #39,214
- Jan 19, 2012 5:45pm Jan 19, 2012 5:45pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #39,216
- Jan 19, 2012 8:55pm Jan 19, 2012 8:55pm
- Joined Jul 2011 | Status: Gold Again | 10,601 Posts
What does the news from China mean for the aussie PA? Translation, thoughts?
http://www.forexfactory.com/news.php?do=news&id=337726
It takes a lot for me to IGNORE you, but you can try.
