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AUD/USD

  • #44,121
  • May 9, 2012 2:16am May 9, 2012 2:16am
that is some pretty serious long term.

problem with all the time frames is they will all tell us different things

we have just bounced hard from the fib retraction of todays move on 5 mins and still heading south in my opinion
  • #44,122
  • May 9, 2012 2:21am May 9, 2012 2:21am
  •  gil
  • | Joined Jan 2012 | Status: try to master himself first | 63 Posts
Quoting Noobicle
this bull looks a bit more healthier
It might as well go short until 1.00ish (psy level) and shoot back up.

Look pretty bearish on the weekly chart, might be a downtrend going on.

Just a view.



Gil
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  • #44,123
  • May 9, 2012 2:34am May 9, 2012 2:34am
Quoting gil
It might as well go short until 1.00ish (psy level) and shoot back up.

Look pretty bearish on the weekly chart, might be a downtrend going on.

Just a view.

Gil
yes possibly down for a bit...

GL with your trade
  • #44,124
  • May 9, 2012 2:38am May 9, 2012 2:38am
TP= 9950
  • #44,125
  • May 9, 2012 2:49am May 9, 2012 2:49am
Quoting MitchL
well 3 fairly nice shorts today picked up 120 pips across the 3

Just took another short 2 units at 1.0063 sl @ 1.0083 see if she makes a new low yet again.

It has to bounce soon looking to grab profit before the bounce then short another 4 lots around 1.0085 with st 1.0118 and TP 1.0005

this was my post from 3 hours ago ...

I think TP's above parity are wise at this time .. parity could just come and go or could cause a pretty big bounce
  • #44,126
  • May 9, 2012 4:21am May 9, 2012 4:21am
scalp i took earlier long paid off. 15 pipps in the bag. Now in short with the biggest position i have ever taken on the currency side of things and shitting my pants is an expression i could use for the current situation.

good luck in London and New York session. green pipps to all.

current short positions:
1.0060 & 1.0080
tp 1.0010
st 1.0110
  • #44,127
  • May 9, 2012 4:51am May 9, 2012 4:51am
Quoting pippaholic
scalp i took earlier long paid off. 15 pipps in the bag. Now in short with the biggest position i have ever taken on the currency side of things and shitting my pants is an expression i could use for the current situation.

good luck in London and New York session. green pipps to all.

current short positions:
1.0060 & 1.0080
tp 1.0010
st 1.0110
let the market play ,you gotta green pip or me.i bought you short
Trading by EA
  • #44,128
  • May 9, 2012 6:18am May 9, 2012 6:18am
It just touched the first support line @1.0050
  • #44,129
  • May 9, 2012 6:21am May 9, 2012 6:21am
No i do not have a green pip for you. maybe i should re-word it

green pips to who ever is shorting this bitch* ha
  • #44,130
  • May 9, 2012 6:55am May 9, 2012 6:55am
1340 Support is holding for now.expect big selloff if this is broken.
upside limited to 1385 ish
commodities Have pared fractional gains and are in red now,But finding bargain hunters off session lows
IMO tomorrow's chinese CPI data is important To set tone for gradual improvement in sentiment
aussie seems to get support in downward hourly channel.for now upside looks capped at 1.1 level
  • #44,131
  • May 9, 2012 6:59am May 9, 2012 6:59am
Quoting ForeXraider
1340 Support is holding for now.expect big selloff if this is broken.
upside limited to 1385 ish
commodities Have pared fractional gains and are in red now,But finding bargain hunters off session lows
IMO tomorrow's chinese CPI data is important To set tone for gradual improvement in sentiment
aussie seems to get support in downward hourly channel.for now upside looks capped at 1.1 level
1340 Support....?
  • #44,132
  • May 9, 2012 7:02am May 9, 2012 7:02am
Quoting tigershin
1340 Support....?
???
  • #44,133
  • May 9, 2012 7:10am May 9, 2012 7:10am
Quoting Daytrader74
???
i believe there is a new support level or am i wrong?
  • #44,134
  • May 9, 2012 7:13am May 9, 2012 7:13am
I think he is referring to S&P support
  • #44,135
  • May 9, 2012 8:43am May 9, 2012 8:43am
Curious to see if .0000 is strong enough to repel the Daily trend with the previous %rate news. My hunch is a strong maybe and leaning towards a possible yes. But is it enough to change the trend? Or will we be singing "home on the range" for a while? I'll dust off the range bound strategy just in case. The weekly shows .0000ish with convincingly strong TL resistance. Gotta wait to see. I'm still timidly short for the show and still expecting .9984ish as the top of the next big daily demand zone and a possible swing point north. At .9984 I would call that a legitimate bounce off .0000 cuz its such a small penetration. My preference is that it bounces right now. Ain't this fun?
  • #44,136
  • May 9, 2012 8:49am May 9, 2012 8:49am
Closed all shorts not because i feel its about to retrace now but doji showing on 30 minute candle. Could still head down more before a retrace but my position was to large for my account so i got out whilst i was ahead.
  • #44,137
  • May 9, 2012 8:58am May 9, 2012 8:58am
As audusd was relative down in prediction before unlike eu & gu still 0.9972 may to care next .next 0.9825 & 0.9403.
so the same , parity in danger .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #44,138
  • May 9, 2012 9:11am May 9, 2012 9:11am
nice chart fontu. Im stil working on getting my charts up and running as im new here.

Do you believe we will get a bit of a retrace or just consolidation and then down another leg?

As for it retracing i got my eye on 1.0145 old support becomes new resistance as on the weekly it displays support around that area. Nobody listen to me as im a newbie
  • #44,139
  • May 9, 2012 9:42am May 9, 2012 9:42am
ZH is reporting rumour of MOU bw PASOK and Syriza.
exact nature of MOU not known.
S&P bounced off 1340 support
  • #44,140
  • May 9, 2012 10:45am May 9, 2012 10:45am
Wow.. no such thing as oversold I guess
100 Pips per day can keep the bosses away.
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