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AUD/USD

  • #46,081
  • Jun 3, 2012 8:58pm Jun 3, 2012 8:58pm
Quoting forextraderx
Techincally speaking, i'm all for a high likelyhood of an AUD bounce up towards fridays highs.

Just sentimentally speaking, it isn't looking good... and with risk off appearing to be the theme so far in asia and no new positive developments anywhere (save maybe that germany may agree to eurobonds under very radical new system of political structure).... I have conflicting reasons for being long at this point.

And I like the easy ones...this is turning into a grind, but... we'll just see.

15 min showing some support, and again...aud is tracking...

Take it easy, bro. We shall be O.K.
daddybearforex. com
  • #46,082
  • Jun 3, 2012 9:01pm Jun 3, 2012 9:01pm
I have a pending buy order @0.9625
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 28 KB
  • #46,083
  • Jun 3, 2012 9:03pm Jun 3, 2012 9:03pm
Quoting DaddyBear
Take it easy, bro. We shall be O.K.
Well, maybe.... maybe not. but it doesn't really matter either way.

I'm pretty content with the reasons for taking the trade, and I'lll feel that way regardless.

And, IMO, that's the most important part... keeping a clear head and not taking actions you feel are mistakes.

FWIW... i'm on your side in this market (obviously)

X
  • #46,084
  • Jun 3, 2012 9:16pm Jun 3, 2012 9:16pm
Quoting forextraderx
Well, maybe.... maybe not. but it doesn't really matter either way.

I'm pretty content with the reasons for taking the trade, and I'lll feel that way regardless.

And, IMO, that's the most important part... keeping a clear head and not taking actions you feel are mistakes.

FWIW... i'm on your side in this market (obviously)

X
My M5 chart shows no swing.high above current bar. Hope Aussie can break the downward wedge line this time and move up decisively.
daddybearforex. com
  • #46,085
  • Jun 3, 2012 9:21pm Jun 3, 2012 9:21pm
Quoting DaddyBear
My M5 chart shows no swing.high above current bar. Hope Aussie can break the downward wedge line this time and move up decisively.
Well, the range for the asian session has been about 35 pips so far (at least from 8 pm EST...which is when the bigger markets in asia open if i'm not mistaken)...

and I rarely see moves larger than this... so, with that in consideration...at least through this session...it's a good chance we won't move much lower, if at all.

X
  • #46,086
  • Jun 3, 2012 9:23pm Jun 3, 2012 9:23pm
ES showing it might break through the top of this consolidation... 5 min candles lookikng decent... and AUD is moving as well.

a little stalling, but looks to break soon....
  • #46,087
  • Jun 3, 2012 9:23pm Jun 3, 2012 9:23pm
forextraderx, Aussie broke the downward wedge line. Now we can ride on Aussie with cruise control, if you will.
daddybearforex. com
  • #46,088
  • Jun 3, 2012 9:26pm Jun 3, 2012 9:26pm
Also, looks like nzd/usd just found support at a "flag base" of sorts...and usd/cad just would have experienced a stop run of sorts JUST above the friday higihs...and has stalled moving up.

So com currencies all are at pretty decent levels...at least for the day.

and so is the S&P...with volume moving into all of them that is giving a bit more evidence that S/R will hold...

looking better. now we just need that break...

X
  • #46,089
  • Jun 3, 2012 9:28pm Jun 3, 2012 9:28pm
Quoting DaddyBear
forextraderx, Aussie broke the downward wedge line. Now we can ride on Aussie with cruise control, if you will.
yea, heh, it did as i was typing. looking better from many techincal perspectives.

cool. still need to break 9645ish...but once we do, i'll have to congratulate you on a picture perfect entry there, down at 9630

X
  • #46,090
  • Jun 3, 2012 9:36pm Jun 3, 2012 9:36pm
Quoting forextraderx
yea, heh, it did as i was typing. looking better from many techincal perspectives.

cool. still need to break 9645ish...but once we do, i'll have to congratulate you on a picture perfect entry there, down at 9630

X
My M15 chart shows an upward ADX. We are in good hands. Now it is breaking 9645 and will not turns her head back .
daddybearforex. com
  • #46,091
  • Jun 3, 2012 9:41pm Jun 3, 2012 9:41pm
I am moving up my stop to 0.96317 to cover the commission just in case. I expect Aussie to move up to 0.9760 (R1) tonight or tomorrow before it takes a break. We shall see.
daddybearforex. com
  • #46,092
  • Jun 3, 2012 9:42pm Jun 3, 2012 9:42pm
bullish gartley on H1, support at -1/8 murrey line
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 106 KB
  • #46,093
  • Jun 3, 2012 9:44pm Jun 3, 2012 9:44pm
Quoting DaddyBear
My M15 chart shows an upward ADX. We are in good hands. Now it is breaking 9645 and will not turns her head back .
Absolutely. That momentum upwards is a pretty clear sign of just how few willing sellers there are at that range of prices.

I see a pretty clera run back up to 9685 before it shows any likely possibility of a move back down, but much more likely is a stall of sorts, with a continued move up to retest fridays highs.

Looks like it's gonna be good from this view.

I'll save the high five smiley for the retest of 9700+

X
  • #46,094
  • Jun 3, 2012 9:57pm Jun 3, 2012 9:57pm
Quoting forextraderx
Absolutely. That momentum upwards is a pretty clear sign of just how few willing sellers there are at that range of prices.

I see a pretty clera run back up to 9685 before it shows any likely possibility of a move back down, but much more likely is a stall of sorts, with a continued move up to retest fridays highs.

Looks like it's gonna be good from this view.

I'll save the high five smiley for the retest of 9700+

X

There will be one more wave up to the pivot. I will unload all positions at that point. Will get up early tomorrow AM to reenter the long positions during European session.
daddybearforex. com
  • #46,095
  • Jun 3, 2012 9:58pm Jun 3, 2012 9:58pm
Quoting DaddyBear
I am moving up my stop to 0.96317 to cover the commission just in case. I expect Aussie to move up to 0.9760 (R1) tonight or tomorrow before it takes a break. We shall see.
Hey DB... your entry was really perfect. i'm curious as to what compelled you to take it there?

I see some support potential at the 9635 area, but i'm not clear on what you saw at 9630....

would appreciate if you could point out anything that convinced you to get in there...as opposed to 9635 or higher...

X
  • #46,096
  • Jun 3, 2012 10:03pm Jun 3, 2012 10:03pm
Shorted @ 0.9656, Sl 0.9696, Tp open
Expect the unexpected.
  • #46,097
  • Jun 3, 2012 10:04pm Jun 3, 2012 10:04pm
Quoting forextraderx
Hey DB... your entry was really perfect. i'm curious as to what compelled you to take it there?

I see some support potential at the 9635 area, but i'm not clear on what you saw at 9630....

would appreciate if you could point out anything that convinced you to get in there...as opposed to 9635 or higher...

X
Look at my chart attached to a previous post tonight. I decided this entry point when I posted my chart. It was the intersection of lower flag line and lower wedge line.
daddybearforex. com
  • #46,098
  • Jun 3, 2012 10:34pm Jun 3, 2012 10:34pm
got in for a bit more at 9649... I like the retracement back to the point of the breakout.

This will be it for me for now...and likely for tonight.

X
  • #46,099
  • Jun 3, 2012 10:35pm Jun 3, 2012 10:35pm
Quoting DaddyBear
Look at my chart attached to a previous post tonight. I decided this entry point when I posted my chart. It was the intersection of lower flag line and lower wedge line.
Thanks man... gonna check right now.

X
  • #46,100
  • Jun 3, 2012 10:43pm Jun 3, 2012 10:43pm
Quoting forextraderx
Thanks man... gonna check right now.

X
Give you a heads up. I will be unloading my positions between 9670 (61.80%) and 0.9673. Please don't follow me if you feel there is more upside tonight. For Sunday moonlighting trading, it is good enough to me. Give my thanks to God!
daddybearforex. com
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