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AUD/USD

  • #41,561
  • Mar 8, 2012 2:21am Mar 8, 2012 2:21am
I strongly believe it will reject the 1.064 level and head to the 1.039 level. Lets wait and see what happens.
  • #41,562
  • Mar 8, 2012 2:22am Mar 8, 2012 2:22am
Quoting jeremyyn
I strongly believe it will reject the 1.064 level and head to the 1.039 level. Lets wait and see what happens.
good on you for having a 'belief' but do you have a chart
  • #41,563
  • Mar 8, 2012 2:32am Mar 8, 2012 2:32am
Quoting taxe91
good on you for having a 'belief' but do you have a chart
yes. and you have one too
  • #41,564
  • Mar 8, 2012 2:34am Mar 8, 2012 2:34am
Quoting FX-Petra
3 lots in @ 0575, 0550, and 0525. Looks like the Daily Trendline might hold. TP1 @ 0740. TP2 @ 0850, TP3 @ 1.1000.

Regards,

..I ''adore'' your analysis..and it is similar to mine...but, i closed long from 0520 for 100 pips...not so convinced

cheers
  • #41,565
  • Mar 8, 2012 2:47am Mar 8, 2012 2:47am
http://i41.tinypic.com/mhrarq.gif

On the 6th of march , it broke through that support, now retesting that area. I am looking for a bearing reversal sign around there. If it breaks back up then it could be bullish again. MACD and Stochastics also indicated another leg down. But we will see what happens.
  • #41,566
  • Mar 8, 2012 3:02am Mar 8, 2012 3:02am
i think it will fall to the point of support 1.0582 soon then continues to rise
  • #41,567
  • Mar 8, 2012 4:49am Mar 8, 2012 4:49am
Posted on Feb 13, 2012 12:28:

Quoting mrbandwidth
Hmmm, I smell a flat, currently finishing possible wave-a (up)... New guess:

1. now down to 690-700 (wave-b)
2. there up to 800+ (wave-c)
3. down back to 600-630 (end of wave-4)
4. 900+ (wave-5)
5. down to HELL

Well, crap... -> 4. failed short (only 800+)

new guess:
1. now up to ~690-710 (minor wave 4 up)
2. down to ~450 (minor wave 5 down to finish big wave 4 down)
3. 1100+ here we go (big wave 5 up)
4. TO HELL
Use me as a contrarian indicator
  • #41,568
  • Mar 8, 2012 5:13am Mar 8, 2012 5:13am
Quoting mrbandwidth
Posted on Feb 13, 2012 12:28:




Well, crap... -> 4. failed short (only 800+)

new guess:
1. now up to ~690-710 (minor wave 4 up)
2. down to ~450 (minor wave 5 down to finish big wave 4 down)
3. 1100+ here we go (big wave 5 up)
4. TO HELL

I'm watching your previous posts.. Very good scenario. Lets make another hundreds of green pips this time. Have a great trading time to all.
  • #41,569
  • Mar 8, 2012 5:15am Mar 8, 2012 5:15am
Quoting aqeelaputra
this what i see

Attachment

hit sl 17
  • #41,570
  • Mar 8, 2012 6:26am Mar 8, 2012 6:26am
Quoting mrbandwidth
Posted on Feb 13, 2012 12:28:




Well, crap... -> 4. failed short (only 800+)

new guess:
1. now up to ~690-710 (minor wave 4 up)
2. down to ~450 (minor wave 5 down to finish big wave 4 down)
3. 1100+ here we go (big wave 5 up)
4. TO HELL
2- it could go down as much as 1.0400 , where 200 day MA is there....
and finally wave 5, which is supposed to be 720 Pips will give us 1.1120
this is what i have....
PPP - Patience Pays PIPS
  • #41,571
  • Mar 8, 2012 6:29am Mar 8, 2012 6:29am
a trader must be nimble. risk-on overnight was swift. I have not reinstated a long aud/usd position at this time, but plan on monitoring closely.
  • #41,572
  • Mar 8, 2012 7:23am Mar 8, 2012 7:23am
Quoting rustyram
2- it could go down as much as 1.0400 , where 200 day MA is there....
and finally wave 5, which is supposed to be 720 Pips will give us 1.1120
this is what i have....

Yeah I agree, I say 450 aprox because I tend to expect too ambitious targets usually.

In fact, as we're doing big wave-4 (down) -in my opinion-, and wave-1 and 4 can't overlap, it could go as low as 380 (top of big wave 1 up). That's absolute line in the sand for me.

But, in summary, I agree: 400 is very possible.
Use me as a contrarian indicator
  • #41,573
  • Mar 8, 2012 7:44am Mar 8, 2012 7:44am
that 1.04 target can easily be reached and with the NFP.
  • #41,574
  • Mar 8, 2012 8:07am Mar 8, 2012 8:07am
Aussie going to 1.04 unless 1.073 breached.
Attached Images
  • #41,575
  • Mar 8, 2012 8:19am Mar 8, 2012 8:19am
My down trend line broke. I am Long at 1.062 http://www.forexfactory.com/images/icons/icon7.gif
  • #41,576
  • Mar 8, 2012 8:43am Mar 8, 2012 8:43am
AUD/USD Has 1.04 In Sight After Double Top; A Trade Plan to Fade a Pullback



Use me as a contrarian indicator
  • #41,577
  • Mar 8, 2012 10:03am Mar 8, 2012 10:03am
Long @ 1.0601 | TP 1.0690 | No SL
Follow me on twitter @whimtradr
  • #41,578
  • Mar 8, 2012 10:18am Mar 8, 2012 10:18am
Quoting rustyram
2- it could go down as much as 1.0400 , where 200 day MA is there....
and finally wave 5, which is supposed to be 720 Pips will give us 1.1120
this is what i have....
U and I are looking at the same chart....
Lets Milk this cow for every Pip it can give

This message for Mr. Bandwidth
PPP - Patience Pays PIPS
  • #41,579
  • Mar 8, 2012 10:31am Mar 8, 2012 10:31am
Quoting rustyram
The upside potential is at 1.0700/1.0740 area.... Then head down to 1.0400

I am keeping my longs open.
I will be exiting my AUD longs at 1.0710.

Will take new shorts at 1.0710 with TP@ 1.0400
SL at 1.0750
PPP - Patience Pays PIPS
  • #41,580
  • Mar 8, 2012 11:02am Mar 8, 2012 11:02am
Quoting rustyram
I will be exiting my AUD longs at 1.0710.

Will take new shorts at 1.0710 with TP@ 1.0400
SL at 1.0750
That's a good analysis. Could possibly play off like that
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