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AUD/USD

  • #40,701
  • Feb 17, 2012 4:37am Feb 17, 2012 4:37am
Heres a monthly aud/cad chart expecting it to reach the red line by the end of the month,good sign gonna be to add more short positions after 650 break,but gonna need to wait for a week or so.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.jpg Size: 177 KB
  • #40,702
  • Feb 17, 2012 4:57am Feb 17, 2012 4:57am
Quoting pinkiaiii
Heres a monthly aud/cad chart expecting it to reach the red line by the end of the month,good sign gonna be to add more short positions after 650 break,but gonna need to wait for a week or so.
Attachment
Why should it reach the red line?
Don't get mad, get even!
  • #40,703
  • Feb 17, 2012 5:09am Feb 17, 2012 5:09am

Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 19 KB
  • #40,704
  • Feb 17, 2012 5:24am Feb 17, 2012 5:24am
Quoting stulic
Why should it reach the red line?
Well if it was to go up it would be a good point to test as a support.as as seen in previous months,its an important level.And again its monthly chart,so theres a big gap between hit and miss.
  • #40,705
  • Feb 17, 2012 7:08am Feb 17, 2012 7:08am
Quoting aqeelaputra;

Attachment
closed
  • #40,706
  • Feb 17, 2012 8:02am Feb 17, 2012 8:02am
1.0750 ...strong suport...but is trying to break out now
  • #40,707
  • Feb 17, 2012 9:03am Feb 17, 2012 9:03am
Quoting Ggenevu
1.0750 ...strong suport...but is trying to break out now

bull looks tired
  • #40,708
  • Feb 17, 2012 9:17am Feb 17, 2012 9:17am
would be nice to try out the 680 support
  • #40,709
  • Feb 17, 2012 9:30am Feb 17, 2012 9:30am
wondering

1) break out 1.0667 first

2) second target 1.0460

Is my target possible?
Outcome is not important at all, but correct technique is what only matters
  • #40,710
  • Feb 17, 2012 10:36am Feb 17, 2012 10:36am


will be good if break

Attached Image (click to enlarge)
Click to Enlarge Name: h4 ausie.gif Size: 18 KB
  • #40,711
  • Feb 17, 2012 10:45am Feb 17, 2012 10:45am
Quoting diggo
Ok just entered a small long position at 1.07575. This is where I will start to build into a bigger long position. I will add more longs as the price drops (if the price drops).

I'm interested to see what the US markets will be up to tonight. Asian session totally wiped out the impressive gains made last night. Looking for a nice spike from the ASX200, but I will happily wait until next week
Just added another long @ 1.06934. More buy orders pending at 680 and 650.. The latter looks like it will be very tough to crack.
  • #40,712
  • Feb 17, 2012 12:49pm Feb 17, 2012 12:49pm
Quoting JTattheRanch
US stock market crashes tomorrow with your aussie leading the way.
What happened to your stock market crash buddy? Lose money?
  • #40,713
  • Feb 17, 2012 1:03pm Feb 17, 2012 1:03pm
Reading these forums hilarious yesterday there was a 30 ish pip move from 1.0760 to 1.08 and everyone starts calling the other side noobs. Let me tell you were all noobs that's why y'all aren't trading for a bank. 30 pips is nothing I can crap 30 pips, support and resistance are just guidelines if the market has reason to support it will easily break. Now I tried to short 1.08 , I know its a all time high price, the market may go up higher but its a high price my chances are decent that a equilibrium take effect bringing it back down or if not I only lose 50-100 pips etc .
Here's a system for sake of discussion wait paintiently wait for yearly lows, buy. You so.t catch it at the bottom or sell at the top but it doesn't matter and it works, now can you follow it.
p.s. my order didn't fill yesterday it turned back just short, maybe I should have chased but I didn't.
  • #40,714
  • Feb 18, 2012 3:52am Feb 18, 2012 3:52am
Quoting Zeroh
Reading these forums hilarious yesterday there was a 30 ish pip move from 1.0760 to 1.08 and everyone starts calling the other side noobs. Let me tell you were all noobs that's why y'all aren't trading for a bank. 30 pips is nothing I can crap 30 pips, support and resistance are just guidelines if the market has reason to support it will easily break. Now I tried to short 1.08 , I know its a all time high price, the market may go up higher but its a high price my chances are decent that a equilibrium take effect bringing it back down or if not...
Sorry but I can't follow you, wtf are you on about?

The only thing I got was you saying 1.08 is an all time high. It's not, it's 1.1080.

What are you trying to say, that picking absolute tops and bottoms is a good trading strategy? I agree, only if you knew where they are.
Don't get mad, get even!
  • #40,715
  • Feb 18, 2012 4:44am Feb 18, 2012 4:44am
Quoting Zeroh;
Let me tell you were all noobs that's why y'all aren't trading for a bank.

  • #40,716
  • Feb 18, 2012 9:01am Feb 18, 2012 9:01am
Quoting HermanGoring
Aususd is a sell as China Will be tightening.

Will it be sell or Buy?

PBOC cut BRR/CRR so it will be easing not tightening?

What seniors think . Is It AUD positive?
  • #40,717
  • Feb 18, 2012 10:39am Feb 18, 2012 10:39am
China cuts bank's ratios for second time due to slowing economy,not tightening Herman...
Btw,what is anyone outlook for this pair next week?
  • #40,718
  • Edited 4:00pm Feb 18, 2012 3:48pm | Edited 4:00pm
First chart shows weekly. Broken down trend line.

2nd is daily.
Price moving sideways for last couple of days in between 1.06750 and 1.07860.
A break below and close (daily) under 1.06750 would be bearish at least to next area's outline below.

This pair is no doubt a buy pair but the main idea is knowing when/where to buy it. Seems more logical to me to wait till 1.03 area or so (trend line) comes back into play before going long to possibly hit the 1.10 marker and further.

P.S. I am not saying this is gonna happen either so won't recommend anyone basing their trades on this analysis. I am on the sidelines waiting till I see something that makes sense to trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd(weekly).gif Size: 18 KB
Click to Enlarge Name: audusd(daily).gif Size: 20 KB
  • #40,719
  • Feb 18, 2012 6:35pm Feb 18, 2012 6:35pm
My opinion is if the market wasn't largely driven by worries about Greece possibly getting kicked out of the EZ, we would have already seen fresh new highs above 1.11.
Look out for a bailout resolution to stock up on longs this week.

Also be wary of the RBA is releasing it's meeting minutes on Tuesday about the decision to keep rate unchanged and HSBC Chinese flash PPI on Wednesday...
Don't get mad, get even!
  • #40,720
  • Feb 18, 2012 7:17pm Feb 18, 2012 7:17pm
Quoting HermanGoring
Aususd is a sell as China Will be tightening.
The qiestion though is 'sell from where?'
You can come out with your fundamental spill but we are technical traders. We cant blindly rush into the markets and sell based on the china story.

The most pressing issue for the markets now is europe. If we have a greece solution pleasing to the market we can have 2 weeks of risk on trades where all shorters will lose their shirts. After that when all seems good then china will come in. or more usa bond downgrade or issues with uk etc. At the moment until the markets say so it is a 'long' situation...

Olu
If you think you can or cannot do it you are correct
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