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AUD/USD

  • #42,921
  • Apr 11, 2012 8:52pm Apr 11, 2012 8:52pm
and what now? touch percfectly trend line which touch already in 3 highs...
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  • #42,922
  • Apr 11, 2012 8:53pm Apr 11, 2012 8:53pm
Quoting Patternz
Did that news just make a/u hit major trend line? Am i right to assume that even though news is good its a good idea to short here? Then ride it down a few hundred pips..sorry im a newb. Advice appreciated.
I´m with the same doubt...but maybe it will break definitly that major line...let´s see better
  • #42,923
  • Apr 11, 2012 8:58pm Apr 11, 2012 8:58pm
Quoting Noobicle
china GDP tomorrow
Could be good to take Aud to higher level.
  • #42,924
  • Apr 11, 2012 8:58pm Apr 11, 2012 8:58pm
Bullish setup
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If there was easy money lying around,no one would be forcing it into your
  • #42,925
  • Apr 11, 2012 9:06pm Apr 11, 2012 9:06pm
Quoting FXMindset
Bullish setup
Probably, but so far it has respected that daily down trend line. With a slew of additional risk events happening later and the Chinese GDP numbers, it is still unsure where it will go. But I don't think we might see the break of that trend line until NY open.

That's just my thoughts.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #42,926
  • Apr 11, 2012 9:53pm Apr 11, 2012 9:53pm
Quoting FXMindset
Bullish setup
double lows,piercing bull Tl break,what else
If there was easy money lying around,no one would be forcing it into your
  • #42,927
  • Apr 11, 2012 9:57pm Apr 11, 2012 9:57pm
Quoting rafiqhidayat
Probably, but so far it has respected that daily down trend line. With a slew of additional risk events happening later and the Chinese GDP numbers, it is still unsure where it will go. But I don't think we might see the break of that trend line until NY open.

That's just my thoughts.
I don't have my chart in front of me, I believe the upper trendline will be touched around 1.0387 (might be wrong).

Even though I think it won't break, if you check my previous posts, I am building long positions in AUDUSD pair. If it reaches 1.0500 my TP1, I would be more than happy, but if it decides to go back down, I'll just continue building up my long positions.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #42,928
  • Apr 11, 2012 10:00pm Apr 11, 2012 10:00pm
I'm short @395 TP1 : @361 SL @417

Weakness on up-move with high volume. Best place for the big boys to grab large position without moving the market down.

Don't listen to me!
  • #42,929
  • Apr 11, 2012 10:12pm Apr 11, 2012 10:12pm
Short 1.0373....SL 1.0407 Target 1.0170

*Daily Descending Trend Line Resistance
*23% Retracement off 2/29 high of 1.0853 to yesterdays low of 1.0225
*61% Retracement from 4/2 high of 1.0466 to yesterdays low of 1.0225
*Ascending Channel Resistance off 4Hr candles since 4/5
*200EMA Resistance on 4Hr
*Shooting Star Reversal Candle on 5M
  • #42,930
  • Apr 11, 2012 10:17pm Apr 11, 2012 10:17pm
Quoting RRRulio

Don't listen to me!
Ok,

I love Thai Girl
If there was easy money lying around,no one would be forcing it into your
  • #42,931
  • Apr 11, 2012 10:19pm Apr 11, 2012 10:19pm
Quoting Intrepid32
Short 1.0373....SL 1.0407 Target 1.0170

*Daily Descending Trend Line Resistance
*23% Retracement off 2/29 high of 1.0853 to yesterdays low of 1.0225
*61% Retracement from 4/2 high of 1.0466 to yesterdays low of 1.0225
*Ascending Channel Resistance off 4Hr candles since 4/5
*200EMA Resistance on 4Hr
*Shooting Star Reversal Candle on 5M
wow,so complete
If there was easy money lying around,no one would be forcing it into your
  • #42,932
  • Apr 11, 2012 10:29pm Apr 11, 2012 10:29pm
Quoting Intrepid32
Short 1.0373....SL 1.0407 Target 1.0170

*Daily Descending Trend Line Resistance
*23% Retracement off 2/29 high of 1.0853 to yesterdays low of 1.0225
*61% Retracement from 4/2 high of 1.0466 to yesterdays low of 1.0225
*Ascending Channel Resistance off 4Hr candles since 4/5
*200EMA Resistance on 4Hr
*Shooting Star Reversal Candle on 5M
good job
  • #42,933
  • Apr 11, 2012 10:32pm Apr 11, 2012 10:32pm
Looks like there's been alot of buying going on under 300, longer term charts could turn bullish from here.

Everyone had built in rate cut, could be some decent shortcovering after results of jobs data. If there is no decent retracement in EUR/US session tonight and Chinese data is better than expected we be going up a fair way, to smoke out most of the shorts up until around 670
  • #42,934
  • Apr 11, 2012 10:34pm Apr 11, 2012 10:34pm
Quoting FXMindset
Ok,

I love Thai Girl
Just come down here man, we'll trade on the beach.
  • #42,935
  • Apr 11, 2012 10:47pm Apr 11, 2012 10:47pm
Quoting RRRulio
Just come down here man, we'll trade on the beach.
what beach ? Pattaya ? Looking thai girl at beach ?
If there was easy money lying around,no one would be forcing it into your
  • #42,936
  • Apr 11, 2012 10:49pm Apr 11, 2012 10:49pm
Quoting FXMindset
what beach ? Pattaya ? Looking thai girl at beach ?
As you know there is quite a bit of "trading" going on there.
  • #42,937
  • Apr 11, 2012 10:55pm Apr 11, 2012 10:55pm
Quoting RRRulio
As you know there is quite a bit of "trading" going on there.
good one ? Lolz
If there was easy money lying around,no one would be forcing it into your
  • #42,938
  • Apr 11, 2012 10:58pm Apr 11, 2012 10:58pm
Quoting Intrepid32
Short 1.0373....SL 1.0407 Target 1.0170

*Daily Descending Trend Line Resistance
*23% Retracement off 2/29 high of 1.0853 to yesterdays low of 1.0225
*61% Retracement from 4/2 high of 1.0466 to yesterdays low of 1.0225
*Ascending Channel Resistance off 4Hr candles since 4/5
*200EMA Resistance on 4Hr
*Shooting Star Reversal Candle on 5M
Keep the good job up
  • #42,939
  • Apr 11, 2012 11:06pm Apr 11, 2012 11:06pm
News likely drove price into supply areas.
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  • #42,940
  • Apr 11, 2012 11:15pm Apr 11, 2012 11:15pm
Any view on AUD/CAD? It seems to be even more overbought then AUDUSD.
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