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AUD/USD

  • #44,141
  • May 9, 2012 11:20am May 9, 2012 11:20am
Quoting e585009
Wow.. no such thing as oversold I guess
Are you still holding the longs from 0850?
  • #44,142
  • May 9, 2012 12:42pm May 9, 2012 12:42pm
Quoting pippaholic
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
yeah , with breaks limit one after the other it may correct before next action if ,starts first to start then 1.0088 & then real limit goes to 1.0304.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #44,143
  • May 9, 2012 12:51pm May 9, 2012 12:51pm
Quoting fontu
yeah , with breaks limit one after the other it may correct before next action if ,starts first to start then 1.0088 & then real limit goes to 1.0304.
fontu
hello,fontu.my chart show the same thing ,and my channel lines and RSI also give the bounce sign.
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A chart helps those who can read it.
  • #44,144
  • May 9, 2012 2:35pm May 9, 2012 2:35pm
How much of an impact would the Aus employment figures have do you think?
  • #44,145
  • May 9, 2012 2:44pm May 9, 2012 2:44pm
Quoting e585009
Wow.. no such thing as oversold I guess
Lol same as the OB signals when it was rising like a chicken with its head cut off... now its NZD's turn it was rising like crazy and now its time to fall... just how it is... you keep trying to pick tops n bottoms and u get burned with commodities.
  • #44,146
  • May 9, 2012 3:01pm May 9, 2012 3:01pm
Quoting Daytrader74
How much of an impact would the Aus employment figures have do you think?
Completely depends on how far from forecast they are
  • #44,147
  • May 9, 2012 3:25pm May 9, 2012 3:25pm
*Possible* inverted H&S at 30min.

Theorical target: ~130
Use me as a contrarian indicator
  • #44,148
  • May 9, 2012 4:24pm May 9, 2012 4:24pm
Kindly friends what is expected range in short position? just i short at 1.00385 set tp @ 1.0000,
Thanks
  • #44,149
  • May 9, 2012 4:28pm May 9, 2012 4:28pm
Quoting ahmad37
Kindly friends what is expected range in short position? just i short at 1.00385 set tp @ 1.0000,
Thanks

I got up at 5am this morning shorted 2 units at 1.0071 got scared and took 5 pips each on the bounce just to watch it free fall :'(

I would not be sure if you had more than 1.0018 that it hit last night.. I think there is obviously some resistance there so maybe just target 18-20 pips
  • #44,150
  • May 9, 2012 4:38pm May 9, 2012 4:38pm
Quoting MitchL
I got up at 5am this morning shorted 2 units at 1.0071 got scared and took 5 pips each on the bounce just to watch it free fall :'(

I would not be sure if you had more than 1.0018 that it hit last night.. I think there is obviously some resistance there so maybe just target 18-20 pips
Thanks MitchL, already i got big loss in previous days, due bad planning, I wish to get 10 or more pips up to range 1.00380 to 1.0000,
  • #44,151
  • May 9, 2012 5:10pm May 9, 2012 5:10pm
Quite interesting

Go Markets technical brief for this morning
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  • #44,152
  • May 9, 2012 6:00pm May 9, 2012 6:00pm
expectations for employment change have been horribly wrong, an i see they been trying to forecast a higher employment rate for a while, trading central looks like there expecting something good to, since we are sitting in oversold territory, might be time for a correction yeah nah?

just to add ive been burnt from trading central a couple times so my confidence in them aint too high atm
  • #44,153
  • May 9, 2012 6:09pm May 9, 2012 6:09pm
Quoting Noobicle
expectations for employment change have been horribly wrong, an i see they been trying to forecast a higher employment rate for a while, trading central looks like there expecting something good to, since we are sitting in oversold territory, might be time for a correction yeah nah?

just to add ive been burnt from trading central a couple times so my confidence in them aint too high atm
I am thinking the China Trade Balance may be a bigger market mover. A lot of bad news has been priced in and seemingly the market has overshot a bit here. You never know though, this could be just the beginning of the drop or we may get a bounce here.
  • #44,154
  • May 9, 2012 6:15pm May 9, 2012 6:15pm
Gold fell of a cliff yday, that's a bad sign...loads of uncertainty around Europe, so it looks dire...Aussie is too dependent on mining and a lower Aussie stimulating other sectors is gonna partly get them off their dependence on china...besides the 800 pip fall this year is nothing compared to the 3000 pip rise it's had over the past yr or two...
  • #44,155
  • May 9, 2012 6:18pm May 9, 2012 6:18pm
may be a bit of a bounce .. i am short a shitload (well a shitload for me is 8 units) and down 12 pips on each.. so i am burning .. just waiting to see if it breaks this on the high side if so s/l @ 1.0060 and giving up for the day i reckon....

we in 50 pips profit this morning .. greed has turned that to 100 pips down.

hard to know when to stop
  • #44,156
  • May 9, 2012 7:20pm May 9, 2012 7:20pm
Quoting MitchL
may be a bit of a bounce .. i am short a shitload (well a shitload for me is 8 units) and down 12 pips on each.. so i am burning .. just waiting to see if it breaks this on the high side if so s/l @ 1.0060 and giving up for the day i reckon....

we in 50 pips profit this morning .. greed has turned that to 100 pips down.

hard to know when to stop
GREED is one thing that is sure to blow your account.
  • #44,157
  • May 9, 2012 8:08pm May 9, 2012 8:08pm
we waiting for china's trade balance too no?
  • #44,158
  • May 9, 2012 8:15pm May 9, 2012 8:15pm
anyone is going to trade the coming aud trade balance?
Trade what you see not what you hope
  • #44,159
  • May 9, 2012 8:18pm May 9, 2012 8:18pm
Buy aud @1.0057 tp @1.0090 sl @1.0030
  • #44,160
  • May 9, 2012 8:18pm May 9, 2012 8:18pm
Quoting STIprdr
anyone is going to trade the coming aud trade balance?
Have a look at the calendar, it is Australian job numbers and unemployment at 11:30 + tentative China trade balance.
Expect the unexpected.
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