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AUD/USD

  • #46,161
  • Jun 4, 2012 5:06pm Jun 4, 2012 5:06pm
sells shouldt even be thought of hasnt even hit my line..
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  • #46,162
  • Jun 4, 2012 5:10pm Jun 4, 2012 5:10pm
15m...
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  • #46,163
  • Jun 4, 2012 5:31pm Jun 4, 2012 5:31pm
Quoting deanoracer
AUDUSD @ 9647ish...

Either way I count this, my EW training says we have at least one more push down before up... comments welcome...

Happy Monday!

Here is my version of EW count. At this point, it looks like a bearish flag. Please provide your insight.
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daddybearforex. com
  • #46,164
  • Jun 4, 2012 5:47pm Jun 4, 2012 5:47pm
Quoting DaddyBear
Here is my version of EW count. At this point, it looks like a bearish flag. Please provide your insight.
lol only you can understand your chart
  • #46,165
  • Jun 4, 2012 5:57pm Jun 4, 2012 5:57pm
To me H1 and H2 appears to be a fairly strong bull attempting to break 9740 then heading to 9760 but I'm not betting against the larger trend on H4 and daily.

Quoting DaddyBear
Here is my version of EW count. At this point, it looks like a bearish flag. Please provide your insight.
  • #46,166
  • Jun 4, 2012 5:58pm Jun 4, 2012 5:58pm
Quoting DaddyBear
Here is my version of EW count. At this point, it looks like a bearish flag. Please provide your insight.
Bearish flag my a%$ this thing just keeps going up!
  • #46,167
  • Jun 4, 2012 6:23pm Jun 4, 2012 6:23pm
AIG index released 10 min early
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  • #46,168
  • Jun 4, 2012 6:36pm Jun 4, 2012 6:36pm
Quoting neuron
AIG index released 10 min early
did u get the worm?
  • #46,169
  • Jun 4, 2012 6:46pm Jun 4, 2012 6:46pm
Double bottom at 1h and ignoring supply zone, going long
  • #46,170
  • Jun 4, 2012 6:48pm Jun 4, 2012 6:48pm
Quoting Silencer
did u get the worm?
I've been sitting on some long aud positions so it definitely helped but nothing to do with being an early bird lol
  • #46,171
  • Jun 4, 2012 7:00pm Jun 4, 2012 7:00pm
There is much speculation about a .25 or even leaving interest rates where they are so no cut. This is a bit of a shock when even yesterday morning there was a 75% chance of a 0.5 cut. I am thinking we might get a bit of a bull run going as it will say to the world that we (AUD) are not running too badly in current climate.

BTW, quick tip... some people are running their metatrader platforms thin. With very few indicators as this stops lag (slow network broker response) when scalping. Another thing to heavily reduce your network consumption through metatrader is to turn off the news.

Tools Options and de select [Enable news].

Of course if you use the news feed on metatrader do not do this.
A genius is born every minute, me I am lucky if my socks match.
  • #46,172
  • Jun 4, 2012 7:08pm Jun 4, 2012 7:08pm
Quoting whackdiddy
There is much speculation about a .25 or even leaving interest rates where they are so no cut. This is a bit of a shock when even yesterday morning there was a 75% chance of a 0.5 cut. I am thinking we might get a bit of a bull run going as it will say to the world that we (AUD) are not running too badly in current climate.

BTW, quick tip... some people are running their metatrader platforms thin. With very few indicators as this stops lag (slow network broker response) when scalping. Another thing to heavily reduce your network consumption through...
thanks for the tip

ive grown to hate execution speeds on MT4 and usually do all orders through the web platform my broker uses

anything that makes MT4 snappier is appreciated
  • #46,173
  • Jun 4, 2012 7:25pm Jun 4, 2012 7:25pm
Quoting 4_x
To me H1 and H2 appears to be a fairly strong bull attempting to break 9740 then heading to 9760 but I'm not betting against the larger trend on H4 and daily.
0.9763 could be this session's daily high regardless of what decision RBA is going to make.
daddybearforex. com
  • #46,174
  • Jun 4, 2012 7:34pm Jun 4, 2012 7:34pm
Quoting DaddyBear
0.9763 could be this session's daily high regardless of what decision RBA is going to make.
I hope you're right buddy, I'm looking to sell.
  • #46,175
  • Jun 4, 2012 7:36pm Jun 4, 2012 7:36pm
Shorted @ 9753, Sl 9803, Tp 9400
Expect the unexpected.
  • #46,176
  • Jun 4, 2012 7:47pm Jun 4, 2012 7:47pm
this pair MIGHT go up to 0.9800 careful on your shorts guys
  • #46,177
  • Jun 4, 2012 7:57pm Jun 4, 2012 7:57pm
Quoting irfandbl
this pair MIGHT go up to 0.9800 careful on your shorts guys
Why? How it can go up to 0.98 with rate cuts?
  • #46,178
  • Jun 4, 2012 7:59pm Jun 4, 2012 7:59pm
Quoting helendm
Why? How it can go up to 0.98 with rate cuts?
just my tech analysis, I kinda hope that I'm wrong
  • #46,179
  • Jun 4, 2012 8:00pm Jun 4, 2012 8:00pm
Quoting irfandbl
just my tech analysis, I kinda hope that I'm wrong
Yea, but this is a forum, not a guru session. If you tell something you need to explain
  • #46,180
  • Jun 4, 2012 8:01pm Jun 4, 2012 8:01pm
Quoting helendm
Why? How it can go up to 0.98 with rate cuts?
i'm thinking rate cuts are expected (priced in) and may result in bullish trend if RBA chooses to hold cuts or keep em as forecasted

a greater cut than expected could result in large sell off


but since this is forex, it could do the complete opposite lol

i've been trying to wrap my head around everything but honestly the best thing to do is use proper MM and watch the charts
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