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AUD/USD

  • #41,741
  • Mar 12, 2012 9:19am Mar 12, 2012 9:19am
Possible inverted H&S at 3 min...

Theorical target ~ 530
Use me as a contrarian indicator
  • #41,742
  • Mar 12, 2012 9:28am Mar 12, 2012 9:28am
persistance of wanting it to change direction amazes me thats why there are large trends on this pair just follow the trend
  • #41,743
  • Mar 12, 2012 9:50am Mar 12, 2012 9:50am
Quoting sidhujag
persistance of wanting it to change direction amazes me thats why there are large trends on this pair just follow the trend
I fully understand your point here, but can anyone make any since out of the strong BULL movement of the DXY? U$D has to be just about the weakest of the majors, we (USA) have the printing press running "25/8"!! Can the U$D keep this charge to 80 - 81 going? Or am I looking at this the wrong way?
100 Pips per day can keep the bosses away.
  • #41,744
  • Mar 12, 2012 10:13am Mar 12, 2012 10:13am
Quoting e585009
I fully understand your point here, but can anyone make any since out of the strong BULL movement of the DXY? U$D has to be just about the weakest of the majors, we (USA) have the printing press running "25/8"!! Can the U$D keep this charge to 80 - 81 going? Or am I looking at this the wrong way?
Your thoughts seems logical and valid. All the more reason to place your bets in the opposite direction. This is forex.

Regards,
  • #41,745
  • Mar 12, 2012 10:26am Mar 12, 2012 10:26am
Quoting FX-Petra
Your thoughts seems logical and valid. All the more reason to place your bets in the opposite direction. This is forex.

Regards,
Well I got caught in a Whipsaw. My true feeling is that once the "Smart Money" is finished makeing their money off of shorting and they have a high enough % of retailers "riding the bear", they will decide that it is time to make bear rugs and mount the bull again! But no one knows when. Hey, is there an indicator that we, "retailers", can get our hand on that will show us when "BIG money is moving in on the buys side or sell side"? Or would that make things to fair? Need a way to know what the BANK$/INSTITUTION$ are "DOING", not what they have already "DONE". I'm sure they have one.
100 Pips per day can keep the bosses away.
  • #41,746
  • Mar 12, 2012 10:29am Mar 12, 2012 10:29am
Quoting e585009
I fully understand your point here, but can anyone make any since out of the strong BULL movement of the DXY? U$D has to be just about the weakest of the majors, we (USA) have the printing press running "25/8"!! Can the U$D keep this charge to 80 - 81 going? Or am I looking at this the wrong way?
80 is the low for next few yrs what currency has better gold backing?
  • #41,747
  • Mar 12, 2012 10:38am Mar 12, 2012 10:38am
Quoting sidhujag
80 is the low for next few yrs what currency has better gold backing?

Swiss Franc?
100 Pips per day can keep the bosses away.
  • #41,748
  • Mar 12, 2012 10:51am Mar 12, 2012 10:51am
Does the AUD Still have strong correlation with Gold?
Nearly what the %?

Thanks
  • #41,749
  • Mar 12, 2012 11:04am Mar 12, 2012 11:04am
Quoting egkid
Does the AUD Still have strong correlation with Gold?
Nearly what the %?

Thanks
there you go buddy

http://www.forexticket.us/en/tools/01-01-correlation
swing it!
  • #41,750
  • Mar 12, 2012 11:16am Mar 12, 2012 11:16am
Quoting tomspin
there you go buddy

http://www.forexticket.us/en/tools/01-01-correlation
I know this site not answering my question because no gold there only currencies

Thanks any way
  • #41,751
  • Mar 12, 2012 11:22am Mar 12, 2012 11:22am
Quoting tomspin
there you go buddy

http://www.forexticket.us/en/tools/01-01-correlation

Yes today has been a pretty good correlation I been watching it... normally its with EU more than AU last few weeks, but seems like its shifting again.
  • #41,752
  • Mar 12, 2012 11:22am Mar 12, 2012 11:22am
Quoting e585009
Swiss Franc?
USD has more gold than anyone else.. swissy is a sell because of intervention threats.
  • #41,753
  • Mar 12, 2012 11:26am Mar 12, 2012 11:26am
Tomspin....i made a promise...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AudUsd.jpg Size: 110 KB
  • #41,754
  • Mar 12, 2012 11:54am Mar 12, 2012 11:54am
IMO, possible bounce to 630, more is doubtful... (yes 630)
Use me as a contrarian indicator
  • #41,755
  • Mar 12, 2012 12:08pm Mar 12, 2012 12:08pm
Quoting zodiak
Tomspin....i made a promise...
Thanks for your replay,
so you think that until we reach your pink trendline and break circled area down we are still in uptrend?
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd long run.gif Size: 30 KB
swing it!
  • #41,756
  • Mar 12, 2012 12:16pm Mar 12, 2012 12:16pm
Looks like we're getting some support from the black trend line shown. End of our Wave 5?
Attached Image (click to enlarge)
Click to Enlarge Name: mar-12-12, 12.10---1.gif Size: 43 KB
  • #41,757
  • Mar 12, 2012 2:07pm Mar 12, 2012 2:07pm
Bounce to 550/ 600 my magic hat tells me
  • #41,758
  • Mar 12, 2012 2:48pm Mar 12, 2012 2:48pm
Beware, maybe fall it's not finished yet -> ~450
Use me as a contrarian indicator
  • #41,759
  • Mar 12, 2012 2:50pm Mar 12, 2012 2:50pm
AUD/USD @1.0510

1.0450 buyers again as 1.0500 gave way triggering the weak longs.

Today sellers should appear near 1.0550 so would use any rally to lob them out with stop above 1.0575

I prefer to trade off the short side still as the momentum suggests.
My objective of 1.0350 still stands.

Good luck
  • #41,760
  • Mar 12, 2012 3:01pm Mar 12, 2012 3:01pm
Quoting lasty
AUD/USD @1.0510

1.0450 buyers again as 1.0500 gave way triggering the weak longs.

Today sellers should appear near 1.0550 so would use any rally to lob them out with stop above 1.0575

I prefer to trade off the short side still as the momentum suggests.
My objective of 1.0350 still stands.

Good luck
I guess the terms OVERSOLD and OVERBOUGHT don't mean a damn thing anymore. How in the can the US dollar be so strong? Dollar is wet toilet paper!!!!
100 Pips per day can keep the bosses away.
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