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AUD/USD

  • #49,921
  • Jul 15, 2012 7:07pm Jul 15, 2012 7:07pm
hell give daddy bear credit based on the weekly I thought there was a snowballs chance in hell we would close above the 50% weekly but sure enough we did. It looks like we will see further up in this pair and I think a break of 1.025 calls in the 1.0324-1.034 area into possibilities. We should be looking at the 1.02 area now for possible longs but based on what I'm seeing it looks up to me at this point. Man knows what he's talking about
  • #49,922
  • Jul 15, 2012 7:10pm Jul 15, 2012 7:10pm
Quoting stulic
Sorry, what?
I know exactly what you feel lol... better 2nd quarter China GDP Data.... and i thought i was mad shorting the AUDUSD but that was.... wow...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #49,923
  • Jul 15, 2012 7:24pm Jul 15, 2012 7:24pm
Quoting petehnm
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...
My ADX reading are based on my experience whether it was good or bad. I have not seen a decent book discussing ADX reading so far.

Bear in mind, there is no straight thoroughfare in the Forex market. When you are riding on a bull, don't forget this is a game of rodeo.
daddybearforex. com
  • #49,924
  • Jul 15, 2012 7:25pm Jul 15, 2012 7:25pm
Just checking and will back to sleep
seems still 1.0190 not hit yet
Guess my daily will close around it in few H
Cya @London
  • #49,925
  • Jul 15, 2012 7:27pm Jul 15, 2012 7:27pm
Quoting iNSIELD
hell give daddy bear credit based on the weekly I thought there was a snowballs chance in hell we would close above the 50% weekly but sure enough we did. It looks like we will see further up in this pair and I think a break of 1.025 calls in the 1.0324-1.034 area into possibilities. We should be looking at the 1.02 area now for possible longs but based on what I'm seeing it looks up to me at this point. Man knows what he's talking about
Sure. DaddyBear is the papa of bears.
daddybearforex. com
  • #49,926
  • Jul 15, 2012 7:35pm Jul 15, 2012 7:35pm
Quoting DaddyBear
I saw this:
http://www.forexfactory.com/showthread.php?p=5841987#post5841987
Hey dude, not sure what your attached link shows, just went to your post history.
Went home and flicked through charts M and W and saw a broken and retested M TL and a broken and soon to be retested? W TL?? All in a fan type setup?
Come with me if you want to live....
  • #49,927
  • Jul 15, 2012 7:36pm Jul 15, 2012 7:36pm
Quoting Teddicus
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?

You need to be holding a position at 5.pm on a Wednesday , New York time to either receive or pay triple rollover .
There is no rollover on holidays, but an extra days worth of rollover usually occurs 2 business days before the holiday.


There's some very good info on the subject here ;

http://www.dailyfx.com/forex/educati..._Rollover.html
  • #49,928
  • Jul 15, 2012 7:45pm Jul 15, 2012 7:45pm
this might turn into a position trade, stop is above today`s gap, no point in holding short above it, to me 1.0250 is the line in the sand, trade made 5% ttl return as i have left 1/3 to run, free trade from here, no baloons

p.s. if this broken trendline holds, i have .94 target before any really big bounce
Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd_positiontrade1.jpg Size: 100 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #49,929
  • Jul 15, 2012 7:53pm Jul 15, 2012 7:53pm
Quoting Ill-b-back
Hey dude, not sure what your attached link shows, just went to your post history.
Went home and flicked through charts M and W and saw a broken and retested M TL and a broken and soon to be retested? W TL?? All in a fan type setup?
That was the post at 10:20 AM EST. I believe FF is not functioning normally at this time.
daddybearforex. com
  • #49,930
  • Jul 15, 2012 7:59pm Jul 15, 2012 7:59pm
Quoting DaddyBear
I saw this:
http://www.forexfactory.com/showthread.php?p=5841987#post5841987
I'm not trying to pick on you or anything like that, I respect all my fellow traders. Its just that myself (and I think others here) are having trouble decoding your analysis at times. It's possible your just on a whole other level than us and if that is the case at least try to help us understand your point of view a little better than using comparisons to galactic entities. And I certainly will give credit where credit is due in regard to last weeks predictions. But convince us that it wasn't a fluke and lay out your reasoning for a bullish sentiment. thanks

respect
  • #49,931
  • Jul 15, 2012 8:00pm Jul 15, 2012 8:00pm
Quoting DaddyBear
My ADX reading are based on my experience whether it was good or bad. I have not seen a decent book discussing ADX reading so far.

Bear in mind, there is no straight thoroughfare in the Forex market. When you are riding on a bull, don't forget this is a game of rodeo.
yea unfortunately I realize little if anything is straight forward in Forex...speaking of riding this bull..if the 4hr candle decides to closes red I'm thinking of joining the bear rodeo....
  • #49,932
  • Jul 15, 2012 8:01pm Jul 15, 2012 8:01pm
Quoting djambazov84
this might turn into a position trade, stop is above today`s gap, no point in holding short above it, to me 1.0250 is the line in the sand, trade made 5% ttl return as i have left 1/3 to run, free trade from here, no baloons

p.s. if this broken trendline holds, i have .94 target before any really big bounce

I'm holding the same trade you are, good luck to us both!
  • #49,933
  • Jul 15, 2012 8:10pm Jul 15, 2012 8:10pm
I'm flat and waiting for a signal.
Attached Image (click to enlarge)
Click to Enlarge Name: channel.gif Size: 24 KB
FF journal: Peaks and Troffs
  • #49,934
  • Jul 15, 2012 8:11pm Jul 15, 2012 8:11pm
Quoting djambazov84
this might turn into a position trade, stop is above today`s gap, no point in holding short above it, to me 1.0250 is the line in the sand, trade made 5% ttl return as i have left 1/3 to run, free trade from here, no baloons

p.s. if this broken trendline holds, i have .94 target before any really big bounce
im with you bro...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #49,935
  • Jul 15, 2012 8:14pm Jul 15, 2012 8:14pm
hes the king of vauge on here don't expect a thought provoking answer if you want bullish setiment just look how es and commodities came back Thursday/friday. The dollar is going to be trading at 82.25 level this week. I was bearish Aud/usd last week until GDP came out now im short dollar and will look to go long AUD EUR DKK later during US premarket if retrace enough before then.

/dx is in a minor correction (88.6%) hit on friday so you should see a selloff and S&p, commodities will benifit to the upside
  • #49,936
  • Jul 15, 2012 8:15pm Jul 15, 2012 8:15pm
throw us a chart with your view please,

being totally serious about interested to see your point of view on the bull side, because I realize it might help for a healthy discussion
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #49,937
  • Edited 8:48pm Jul 15, 2012 8:16pm | Edited 8:48pm
Quoting th3Mountain
I'm not trying to pick on you or anything like that, I respect all my fellow traders. Its just that myself (and I think others here) are having trouble decoding your analysis at times. It's possible your just on a whole other level than us and if that is the case at least try to help us understand your point of view a little better than using comparisons to galactic entities. And I certainly will give credit where credit is due in regard to last weeks predictions. But convince us that it wasn't a fluke and lay out your reasoning for a bullish...
The chart attached to my post of 10:20 AM EST had the answer for you. DaddyBear owns a fishing gear store not a fish stand. Whoever gets the right fishing gear and learns how to use it will be able to get the fishes that he is looking for. Whoever just want fishes directly will be always asking for fishes.
daddybearforex. com
  • #49,938
  • Jul 15, 2012 8:22pm Jul 15, 2012 8:22pm
dj I think ur overall view of the market is absolutely correct. I think the move in the AUD is unequivocally down. I like .9663 as TP but at that point we are talking semantics for how much money we would making. I think one thing your overlooking possibly is that we have a weekly close above the 50% retrace which should mean more up. A break above 1.025 only means a retrace back to 61.8% retrace which is around 1.034 or a move to resistance now around 1.032. I think 1.045 is the true line in the sand. If the market breaks above that level now we are talking about fib extensions and in that case I would be in utter disbelief.
  • #49,939
  • Jul 15, 2012 8:24pm Jul 15, 2012 8:24pm
Quoting iNSIELD
dj I think ur overall view of the market is absolutely correct. I think the move in the AUD is unequivocally down. I like .9663 as TP but at that point we are talking semantics for how much money we would making. I think one thing your overlooking possibly is that we have a weekly close above the 50% retrace which should mean more up. A break above 1.025 only means a retrace back to 61.8% retrace which is around 1.034 or a move to resistance now around 1.032. I think 1.045 is the true line in the sand. If the market breaks above that level...

ditto,

if market is indeed poised for a fat weekly/monthly down move it will do everything to shake out early shorts

hedged with some eur/aud buys here, incase dollar turns out to be the weak card, im betting on a eur strenght vs aud on a relative basis, same size position so that net p/l is closely tied to eur/aud cross which is at all time lows haha
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #49,940
  • Jul 15, 2012 8:24pm Jul 15, 2012 8:24pm
Hey djam go back a couple pages startingon todays open i will post some commodity charts and talk more on the dollar volume experienced friday when i get to my screens as i am mobile right now.. The charts on dollar are back a couple pages.

Dollar is overbought only to get rejected several times last week on 84level and a daily fibo level was hit so i am short dollar future and will be long risk assets once volume picks up on monday
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