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AUD/USD

  • #40,901
  • Feb 22, 2012 9:19am Feb 22, 2012 9:19am
Looks AUD has a double bottom on Hourly charts,

Now it should move up, target 1.0740 area.

Good Luck Longies....
PPP - Patience Pays PIPS
  • #40,902
  • Feb 22, 2012 9:46am Feb 22, 2012 9:46am
Price should head back to former wave 4.

Which is also the double bottom target , which is also close to .618% of the recent down move from 1.08xx

Long 1.0625
STOP - 1.0595

Target - 1.0730

Then once price reaches my target, i will look to short .

Good luck everybody.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-60-M-2-22.JPG Size: 51 KB
PPP - Patience Pays PIPS
  • #40,903
  • Feb 22, 2012 9:53am Feb 22, 2012 9:53am
Quoting rustyram
Price should head back to former wave 4.

Which is also the double bottom target , which is also close to .618% of the recent down move from 1.08xx

Long 1.0625
STOP - 1.0595

Target - 1.0730

Then once price reaches my target, i will look to short .

Good luck everybody.
Then its better to put pending sell at point C (1.08xx) in my opinion
making money is easy in forex, losing money is even easier...
  • #40,904
  • Edited 10:49am Feb 22, 2012 10:36am | Edited 10:49am
Price stalling at 1.065 might see a reversal right here... too early in the morning ISP guy here to fix my internet i need sleep.... aggh lol

edit : eur/usd in retreat too and us stock markets bleeding, aud/usd fell 20 pips as i type this reversal pattern forming in 15m/1h time frames. lols.
  • #40,905
  • Feb 22, 2012 11:25am Feb 22, 2012 11:25am
Quoting Zeroh
Price stalling at 1.065 might see a reversal right here... too early in the morning ISP guy here to fix my internet i need sleep.... aggh lol

edit : eur/usd in retreat too and us stock markets bleeding, aud/usd fell 20 pips as i type this reversal pattern forming in 15m/1h time frames. lols.
PLZ let the reversal be to the upside. Poppa needs 1.0804, stacking up positive 9% swap is nice but a BIG FAT close in the T/P would be better.
100 Pips per day can keep the bosses away.
  • #40,906
  • Feb 22, 2012 11:40am Feb 22, 2012 11:40am
Quoting e585009
PLZ let the reversal be to the upside. Poppa needs 1.0804, stacking up positive 9% swap is nice but a BIG FAT close in the T/P would be better.
you got a chance price touched 1.0610 and didn't violently break through it, stopped and bounced a bit now doing some sideways action. if it stays sideway it'll probably consolidate and bulls make a run up how far who knows.
side ways good, making new lows bad.
  • #40,907
  • Edited 12:14pm Feb 22, 2012 12:05pm | Edited 12:14pm
Well it looks like 600 is well defended, still, not out of the woods for the bulls either

Small inside break outs followed by overlapping weak trend: undecided
Biggest joker
  • #40,908
  • Feb 22, 2012 2:38pm Feb 22, 2012 2:38pm
So everybody is long here? That's good!! I am so glad I am not alone.

Good luck to me and to you all!!
Make your losses in demo. Earn your profits live.
  • #40,909
  • Feb 22, 2012 2:39pm Feb 22, 2012 2:39pm
Quoting baron193
Well it looks like 600 is well defended, still, not out of the woods for the bulls either

Small inside break outs followed by overlapping weak trend: undecided
Looks like it's gonna be the Aussie or the Tokyo session to see any movement. NY session is done.
Make your losses in demo. Earn your profits live.
  • #40,910
  • Feb 22, 2012 2:46pm Feb 22, 2012 2:46pm
Quoting rustyram
Price should head back to former wave 4.

Which is also the double bottom target , which is also close to .618% of the recent down move from 1.08xx

Long 1.0625
STOP - 1.0595

Target - 1.0730

Then once price reaches my target, i will look to short .

Good luck everybody.

Looking at the price movement, the price should stall at 1.0685 area, so i am exiting the long and entering short there, with target for my short is 1.0480

Good luck everybody.
PPP - Patience Pays PIPS
  • #40,911
  • Feb 22, 2012 2:54pm Feb 22, 2012 2:54pm
hey guys.. if AU closes here for the day or lower I think it's safe to say the uptrend is over and we can expect lower prices.

two consecutive "three black crows" on the daily
Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2012-02-22 at 15.52.02.png Size: 38 KB
  • #40,912
  • Feb 22, 2012 3:04pm Feb 22, 2012 3:04pm
This is what i see in AUD.

Right now we are in process of making wave 4, which should retrace to atleast .38% which is at 1.0470 and 200 day moving average is at 1.0400.

Right now the price is at 1.0630, from here price should go to 1.0400 - 1.0470 area...

Once the wave 4 is formed, Then from there in 11 days it should head to 1.1100 for a 700 Pip move to complete Wave 5.

This is what i see on Daily charts.

In three weeks , lets see what is status of this Study.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-DAILY-2-22-12.JPG Size: 49 KB
PPP - Patience Pays PIPS
  • #40,913
  • Feb 22, 2012 3:17pm Feb 22, 2012 3:17pm
Quoting rustyram
This is what i see in AUD.

Right now we are in process of making wave 4, which should retrace to atleast .38% which is at 1.0470 and 200 day moving average is at 1.0400.

Right now the price is at 1.0630, from here price should go to 1.0400 - 1.0470 area...

Once the wave 4 is formed, Then from there in 11 days it should head to 1.1100 for a 700 Pip move to complete Wave 5.

This is what i see on Daily charts.

In three weeks , lets see what is status of this Study.
I am with you on this. I am seeing the same thing..We have had 2 short positions on this pair over the last week. Will ride this trade down accumulating positions as it moves.
  • #40,914
  • Feb 22, 2012 3:48pm Feb 22, 2012 3:48pm
Thanks RustyRam, Setting my pending long at 1.047. Don't you just love these down trends?...A new buying oportunity every day! http://www.forexfactory.com/images/icons/icon7.gif
  • #40,915
  • Feb 22, 2012 3:54pm Feb 22, 2012 3:54pm
AUD/USD @ 1.0636

Y O U R S ..
Y O U R S ..
Y O U R S ..
Y O U R S..
Y O U R S
Y O U R S
Y O U R S
Y O U R S
Y O U R S ..
TP

Political shit storm in Australia with PM being challenged..
German Bonds bought in Europe as growth stalls.

One more thing .. did I say Y O U R S ? Yup and that too.

Have a great Y O U R S ing day
  • #40,916
  • Feb 22, 2012 3:54pm Feb 22, 2012 3:54pm
Quoting rustyram
This is what i see in AUD.

Right now we are in process of making wave 4, which should retrace to atleast .38% which is at 1.0470 and 200 day moving average is at 1.0400.

Right now the price is at 1.0630, from here price should go to 1.0400 - 1.0470 area...

Once the wave 4 is formed, Then from there in 11 days it should head to 1.1100 for a 700 Pip move to complete Wave 5.

This is what i see on Daily charts.

In three weeks , lets see what is status of this Study.
You are reading the patter wrong
Attached Image (click to enlarge)
Click to Enlarge Name: AUD.png Size: 60 KB
  • #40,917
  • Feb 22, 2012 4:15pm Feb 22, 2012 4:15pm
WTF..Lastly.. Hows YOURS day?.....

Quoting lasty
AUD/USD @ 1.0636

Y O U R S ..
Y O U R S ..
Y O U R S ..
Y O U R S..
Y O U R S
Y O U R S
Y O U R S
Y O U R S
Y O U R S ..
TP

Political shit storm in Australia with PM being challenged..
German Bonds bought in Europe as growth stalls.

One more thing .. did I say Y O U R S ? Yup and that too.

Have a great Y O U R S ing day
  • #40,918
  • Feb 22, 2012 4:23pm Feb 22, 2012 4:23pm
if we're lucky it will dip to 560-580 with a long shadow to go long, maybe with euro bears closing the gap, other wise im sticking with bears
  • #40,919
  • Feb 22, 2012 4:32pm Feb 22, 2012 4:32pm
Quoting Compulsive
You are reading the patter wrong
Can you please explain? I'm a newbie and I am looking for 1.0804. Are you saying we are to go up from our current price range to the prices you have in YELLOW, on your chart? Thanks, and please excuse my "elementary" level questions, still learning...
100 Pips per day can keep the bosses away.
  • #40,920
  • Feb 22, 2012 5:04pm Feb 22, 2012 5:04pm
Resistance is still just hanging on... it is going to be a very close one. I am still in for long but it could go either way.

Will the PM challenge have any affect, sadly yes because it tells the world that Australia is in an unstable position. In realality though the PM is just a puppet with some broken strings, the mining sector is what is keeping Aussie strong. In fact I think we should just put the country on autopilot for a while and go with no PM... lol

But then again, the Ruddinator is a business man and that is why polititions do not like him. He wants to cull the crap from politics and make it run at a profit, you have some polititions that have been playing the game for a long long time and don't want anything to change.

Just my 2.13 ZWD worth...
A genius is born every minute, me I am lucky if my socks match.
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