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AUD/USD

  • #43,001
  • Apr 12, 2012 9:18pm Apr 12, 2012 9:18pm
Quoting Dyekid217
down we go...
There is not enough conviction to the downside yet imo, you would want another decent drop pretty soon. I would have expected a larger faster move to the downside after it broke 400

There has been no buyers come back in yet though so you could be good
  • #43,002
  • Apr 12, 2012 9:26pm Apr 12, 2012 9:26pm
from forexlive
AUD/USD: Solid bids near 1.0400 contain losses
Written by Sean Lee
April 13, 2012 at 02:04 GMT
The AUD has fallen across the board after Chinese GDP came in lower than expected (and much lower than rumoured) at 8.1%. AUD/USD fell 40 pips immediately but the bids mentioned earlier at 1.0400 are proving to be fairly sizeable and are limiting further losses.
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  • #43,003
  • Apr 12, 2012 9:30pm Apr 12, 2012 9:30pm
Quoting havaiana
There is not enough conviction to the downside yet imo, you would want another decent drop pretty soon. I would have expected a larger faster move to the downside after it broke 400

There has been no buyers come back in yet though so you could be good
meh, its asian session. its meant to meander around lazily. Personally, i wouldn't put too much stock into these reports floating around. If big boys wanna push things around, its gonna dance to their rhythm and nothing short of CB intervention is gonna deter them.

Frankly i think Benny's no QE comment's still in effect and until the helicopter revs up again, i'm thinking the insto's are selling into every rally.
  • #43,004
  • Apr 12, 2012 9:31pm Apr 12, 2012 9:31pm
my day chart
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  • #43,005
  • Apr 12, 2012 11:00pm Apr 12, 2012 11:00pm
Fell to demand/support zone. If this 15m bar closes down I'm short. Daily trend is down. Although 4H shows a potential reversal I'm considering this a retracement. Also closing below the red line 1.0387 is significant as this line has a lot of history.
Attached Image (click to enlarge)
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  • #43,006
  • Apr 12, 2012 11:29pm Apr 12, 2012 11:29pm
Quoting prive
You think we are trading at the weekly high right now of 450? I expect we break above 450 BEFORE the Asian session today and the China GDP followed by Bernake speech tomorrow and a mention of QE is on the table leaves us with a close above 600 for the weekend.

For all of those who are short, really take a look at what's going on at the moment and trade what is happening.

I agree with you though Zeroh, back to buying mode.
See high of 450 what I tell ya.
  • #43,007
  • Apr 12, 2012 11:37pm Apr 12, 2012 11:37pm
Quoting Zeroh
See high of 450 what I tell ya.
You nailed it, I wish I sold it. With all of those Chiba beating expectations rumors I should had known. Well done.


Where do we go from here? Price is holding so far...
  • #43,008
  • Apr 12, 2012 11:48pm Apr 12, 2012 11:48pm
....sell the news
  • #43,009
  • Apr 12, 2012 11:58pm Apr 12, 2012 11:58pm
Quoting prive
You nailed it, I wish I sold it. With all of those Chiba beating expectations rumors I should had known. Well done.


Where do we go from here? Price is holding so far...
No idea man thats all i got lol.
  • #43,010
  • Apr 13, 2012 12:13am Apr 13, 2012 12:13am
Quoting prive
...Where do we go from here? Price is holding so far...
y not short and long at the same time, put tight stops an let the winner run free?
  • #43,011
  • Apr 13, 2012 12:33am Apr 13, 2012 12:33am
Does the Apr 3 & Apr 13 450-range count as a double top?
  • #43,012
  • Apr 13, 2012 12:33am Apr 13, 2012 12:33am
Quoting Noobicle
y not short and long at the same time, put tight stops an let the winner run free?
Because false breaks and large whipsaw chop is a given come Euro open time.
  • #43,013
  • Apr 13, 2012 12:43am Apr 13, 2012 12:43am
Quoting Eulogy
Because false breaks and large whipsaw chop is a given come Euro open time.
we going up or down mr eulogy? which side u leaning on?
  • #43,014
  • Apr 13, 2012 12:54am Apr 13, 2012 12:54am
side? well i've always enjoyed a side of nice aussie medium steak
  • #43,015
  • Apr 13, 2012 1:33am Apr 13, 2012 1:33am
Quoting Noobicle
y not short and long at the same time, put tight stops an let the winner run free?
Oh if only I knew thats all is needed to make money in forex I would have been rich by now lol
  • #43,016
  • Apr 13, 2012 2:28am Apr 13, 2012 2:28am
Quoting Daytrader74
Oh if only I knew thats all is needed to make money in forex I would have been rich by now lol
I might test it sometime it may work on the right scenario Im short wondering if i should close it but it seems to be grinding its way down, 360 before us session then probably down again?
  • #43,017
  • Apr 13, 2012 2:56am Apr 13, 2012 2:56am
Quoting Noobicle
I might test it sometime it may work on the right scenario Im short wondering if i should close it but it seems to be grinding its way down, 360 before us session then probably down again?
Down she will go...she will probably get a good hammering tonight in US session
  • #43,018
  • Apr 13, 2012 3:10am Apr 13, 2012 3:10am
Short @1.0390 TP @1.0350 SL @1.0408
  • #43,019
  • Apr 13, 2012 3:13am Apr 13, 2012 3:13am
I believe we are going down from here have a look
http://s18.postimage.org/w1xczcurd/image.gif
jpg upload

Edit It could also become a inverted H&S with 1,0443/5 as a neckline
swing it!
  • #43,020
  • Apr 13, 2012 3:16am Apr 13, 2012 3:16am
Quoting Daytrader74
Down she will go...she will probably get a good hammering tonight in US session
yeah hope she plays nice, i will try stay up for the night, coffee an smokes ready ! amen
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