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AUD/USD

  • #49,901
  • Jul 15, 2012 3:04pm Jul 15, 2012 3:04pm
Quoting DaddyBear
Ill-b-back, I look at the Forex market with my mind not with my eyes. The lens of my mind is "Zen". Therefore, I see the market different from yours. Please do not take my message personally.
Hi DaddyBear, I won't/can't take it personally, as I have no idea what your cryptic messages are saying.
Please don't take this personally
Come with me if you want to live....
  • #49,902
  • Jul 15, 2012 3:26pm Jul 15, 2012 3:26pm
Hi!
Still holding short positions (1.0222 avg) with a stop at 1.03. I see that market will open around 1.0250 so the resistance at 1.0280 is in danger. I hope when I wake up I will see a spike to 1.0285 and the price will be around 1.0230. If not then this was my last swing trade attempt
"Study the past if you would define the future." Confucius
  • #49,903
  • Edited 4:02pm Jul 15, 2012 3:40pm | Edited 4:02pm
Quoting Ill-b-back
Hi DaddyBear, I won't/can't take it personally, as I have no idea what your cryptic messages are saying.
Please don't take this personally
Ill-b-back, you are a gentleman. I was referring to your post below:

Quoting Ill-b-back
Agreed, the weekly is clearly rolling over with that divergence and hidden bearish divergences on the daily and 1hr.
I think 1.0240 area would be a great entry with targets at 9560 and 92
And my view about your post:

Quoting DaddyBear
When looking at the Earth from the Moon. the Earth is a "semi-ball". Based on your conclusion, I believe Aussie is "clearly rolling over". May be you should look at the Earth from another angle. -IMHO-
daddybearforex. com
  • #49,904
  • Jul 15, 2012 4:01pm Jul 15, 2012 4:01pm
Quoting DaddyBear
Ill-b-back, you are a gentleman. I was referring to your post below:



And my view about your post:
Hi, Daddybear, yes I understand the posts you were referring to but you said to look at it from another angle/point of view (using code). I'm interested in your view as I can be a simpleton at times
Come with me if you want to live....
  • #49,905
  • Jul 15, 2012 4:24pm Jul 15, 2012 4:24pm
Quoting Ill-b-back
Hi, Daddybear, yes I understand the posts you were referring to but you said to look at it from another angle/point of view (using code). I'm interested in your view as I can be a simpleton at times
No, you are not a simpleton at all. You might just overlook the whole picture. When you take another view form the Mercury, the Earth is a round ball. If you look at the bigger picture of Aussie, you would understand what I mean.
daddybearforex. com
  • #49,906
  • Edited 5:06pm Jul 15, 2012 4:34pm | Edited 5:06pm
I may get proved wrong but last week there was a major sell off on AUD/USD bringing the pair down from 1.0282 to 1.0099 due poor employment data as Australian economy shed 27000 jobs in June,12. However the pair bounced back to 1.0222.
I am going to sell this pair on the basis of technical analysis as show in the pic with short position opened at 1.0248 with tight stop loss set at 1.0280. I am going keep this position for the time and will intend to close before US Retail Sales data is out tomorrow afternoon GMT i.e 16th June,2012.
Will find out soon.
Attached Image (click to enlarge)
Click to Enlarge Name: 15 jJULY 12 AUDUSDH1.gif Size: 22 KB
  • #49,907
  • Jul 15, 2012 4:34pm Jul 15, 2012 4:34pm
Hello everyone,

Hope you all had a relaxing weekend. As I mentioned Friday morning 3hours before the opening the dollar was pressing up against 84 (again for the 7th time) and I noticed heavy sell interest coming through and went long AUD/USD. We have hit A weekly reversal on the DOLLAR and topped out on the 88.6% Look to see weakness from the dollar across the board, levels expected this week are 82.80 and 82.20 on the extreme level.
This means all RISK assets across the board (less EUR as it's still crowded) should appreciate and dollar down. I have looked at various charts and most likely will go long AUD and other majors once we have a minor retracement for hold most of the week. Below is the chart I have posted several times before of Dollar Index future but the yellow lines are expected levels we should reach (ex. surprise news in Europe) this week.
If you trade exotics look to USD/DKK short as I will post a chart shortly it has very great potential for a nice move down alongside Dollar Future Index.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-15-TOS_CHARTS.jpg Size: 195 KB
  • #49,908
  • Jul 15, 2012 4:39pm Jul 15, 2012 4:39pm
Quoting DaddyBear
No, you are not a simpleton at all. You might just overlook the whole picture. When you take another view form the Mercury, the Earth is a round ball. If you look at the bigger picture of Aussie, you would understand what I mean.
Do you mean big picture tech or fundie?
Come with me if you want to live....
  • #49,909
  • Edited 8:05pm Jul 15, 2012 4:42pm | Edited 8:05pm
Quoting Ill-b-back
Do you mean big picture tech or fundie?
Not fundie. Look at the daily chart with your mind not with your eyes.
daddybearforex. com
  • #49,910
  • Jul 15, 2012 4:42pm Jul 15, 2012 4:42pm
Anyone know when I need to hold AUD to get the 3x Swap... is it Friday night at Swap calculation to be paid on Wed?

or is it all just rolled into Wed Night's Swap rate?
  • #49,911
  • Jul 15, 2012 4:45pm Jul 15, 2012 4:45pm
Quoting Niranj
I may get proved wrong but last week there was a major sell off on AUD/USD bringing the pair down from 1.0282 to 1.0099 due poor employment data as Australian economy shed 27000 jobs in June,12. However the pair bounced back to 1.0222 level due to very good improvement in China's 2nd Quarter GDP figures.
China figures were reflected in AUD/USD buy rally as Australia is China's largest trading partner and Australia's largest export market is in China.
I am going to sell this pair on the basis of technical analysis as show in the pic with short position...

That makes perfect sense bro.
Im currently short @ 1.0247 sl 1.0287 tp 1.0180 which gives me a little over 1:1.5 RR...
Good luck.
  • #49,912
  • Jul 15, 2012 4:47pm Jul 15, 2012 4:47pm
hey papa...how's it going..how was your weekend.....nice pa to get things going don'tcha think...keep hearing 1.0280 as a major resistence point....I actually thinks it's more like 1.0324...was looking into the ADX indicator you've talked about in past post...still putting in study time on it...was wondering if you had any links for more info on it...happy hunting to you my friend ..let's make those green pips like last week...
  • #49,913
  • Jul 15, 2012 4:49pm Jul 15, 2012 4:49pm
Quoting Niranj
I may get proved wrong but last week there was a major sell off on AUD/USD bringing the pair down from 1.0282 to 1.0099 due poor employment data as Australian economy shed 27000 jobs in June,12. However the pair bounced back to 1.0222 level due to very good improvement in China's 2nd Quarter GDP figures.
Sorry, what?
Don't get mad, get even!
  • #49,914
  • Jul 15, 2012 4:51pm Jul 15, 2012 4:51pm
Here is the USD/DKK chart I was speaking about a few minutes ago.. If your going short DOLLAR vs Risk I like this setup along with some majors.

Gl all this week....

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-07-15-TOS_CHARTS.jpg Size: 212 KB
  • #49,915
  • Jul 15, 2012 4:52pm Jul 15, 2012 4:52pm
Quoting Freshpips
That makes perfect sense bro.
Im currently short @ 1.0247 sl 1.0287 tp 1.0180 which gives me a little over 1:1.5 RR...
Good luck.
Yep bro,will find out soon. but this is market and anything could happen here,all we cud do is try to trade wot we see with good money management skills to survive the market tides
  • #49,916
  • Jul 15, 2012 4:57pm Jul 15, 2012 4:57pm
Quoting Niranj
Yep bro,will find out soon. but this is market and anything could happen here,all we cud do is try to trade wot we see with good money management skills to survive the market tides

Most definitely. Agreed with everything aprt from the results of the china's Q2 GDP figures - "China growth path at risk as second-quarter GDP eyes three-year low"

Off to bed, good trading everyone, catch you guys on the other side.
  • #49,917
  • Jul 15, 2012 5:01pm Jul 15, 2012 5:01pm
Quoting stulic
Sorry, what?
I am sorry for that, thanks a lot for correcting me, will edit my post.
sorry again
  • #49,918
  • Jul 15, 2012 5:13pm Jul 15, 2012 5:13pm
Quoting DaddyBear
Not fundi. Look at the daily chart with your mind not with your eyes.
what do you see when your mind looks at the weekly chart?
  • #49,919
  • Jul 15, 2012 7:02pm Jul 15, 2012 7:02pm
Quoting th3Mountain
what do you see when your mind looks at the weekly chart?
I saw this:
http://www.forexfactory.com/showthread.php?p=5841987#post5841987
daddybearforex. com
  • #49,920
  • Jul 15, 2012 7:06pm Jul 15, 2012 7:06pm
Hi everyone.

Good luck to everyone for the upcoming week may it be fruitful.
There are those who know, and there are those who don't know.
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