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  • #3,521
  • Aug 2, 2012 8:06pm Aug 2, 2012 8:06pm
Updated trend chart from earlier..

still bouncing of that low incline trend.

Attached Image (click to enlarge)
Click to Enlarge Name: aud now.gif Size: 23 KB
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  • #3,522
  • Aug 2, 2012 8:08pm Aug 2, 2012 8:08pm
Quoting palabara
Yeah, thank you for asking. I feel bad.. That I'm leaving tomorrow.. and won't be here for the funeral. I can't get out of it though, his not my immediate family, and my orders are already set for me to do support for 2 weeks.

Everyone is flying in from all over.. It's an awful situation. Not crystal clear on the details, but he ended up in the other lane and hit a car head on and the air bags never went off.

Just unbelievable.. you know, never expect it.
So sorry you are having to go through an awful situation. It's always tragic. I tell my wife every day as she leaves the house,..be careful because I need you back here with me!
  • #3,523
  • Aug 2, 2012 8:09pm Aug 2, 2012 8:09pm
Quoting DaddyBear
However, H1 is bearish now.
I'm seeing that to papa.. gonna scalp a short from 1.0461 and see if get back down to a support area like 1.0434ish...will have a tight stop though up to 1.0470ish...
  • #3,524
  • Aug 2, 2012 8:10pm Aug 2, 2012 8:10pm
Quoting petehnm
I'm seeing that to papa.. gonna scalp a short from 1.0461 and see if get back down to a support area like 1.0434ish...will have a tight stop though up to 1.0470ish...
really?! lol you should be buying and helping me fuel this up to 1.0470ish!!
There are those who know, and there are those who don't know.
  • #3,525
  • Aug 2, 2012 8:11pm Aug 2, 2012 8:11pm
Quoting DonL
So sorry you are having to go through an awful situation. It's always tragic. I tell my wife every day as she leaves the house,..be careful because I need you back here with me!
Thank you, and I am changing my life insurance policy and getter a higher plan that pays more.. Just to have peace of mind.
There are those who know, and there are those who don't know.
  • #3,526
  • Aug 2, 2012 8:11pm Aug 2, 2012 8:11pm
The price in aud is very ranging now. sell from 1.0520-70 and buy from 1.0440-50 area for the past few days will be safer. Place tight stop for both entries before any sell or buy stops, but sell can be held from 1.05 area, considering the probability to swing down is greater just as we witnessed 100 pips fall in 5mins for eur, if risk appetite sinks. AUD is supported well for these few days since last Wednesday. but rem those period it plunged from 1.0445 to 1.0177 within few days. The bear can have greater strength. I won;t short aud from 1.04 area, only 1.05 1.06.

My strategy for the past few days it to sell from 1.0540 area++, i am thinking those entries from 1.0570 would definitely love to see at least 200 pip gains, at 1.0370.

Given Asia, i don't make entries at this hours, because candle always too small volume, and flat, too hard to anticipate any breakout. Since risk is off imo, my indication is to see gold first, anything above 1600 i will buy eur, anything below, i look to sell every rally. AUD danger is only at 1.0410 area, touches it's going down.

I don't deny the fact it can go back into 1.05 or even 1.06 given its bullish strength and a favorite carry trade pair. There are massive shorters in eur/aud and gbp/aud, so aud is quite well bought.
  • #3,527
  • Aug 2, 2012 8:13pm Aug 2, 2012 8:13pm
Quoting palabara
really?! lol you should be buying and helping me fuel this up to 1.0470ish!!
Fyi.. on the 30M TF.. Trend is switching from short to long.. ADX is neutral so not much power YET, but.. we're getting there..
There are those who know, and there are those who don't know.
  • #3,528
  • Aug 2, 2012 8:15pm Aug 2, 2012 8:15pm
Quoting 5percent
The price in aud is very ranging now. sell from 1.0520-70 and buy from 1.0440-50 area for the past few days will be safer. Place tight stop for both entries before any sell or buy stops, but sell can be held from 1.05 area, considering the probability to swing down is greater just as we witnessed 100 pips fall in 5mins for eur, if risk appetite sinks. AUD is supported well for these few days since last Wednesday. but rem those period it plunged from 1.0445 to 1.0177 within few days. The bear can have greater strength. I won;t short aud from 1.04...
That's good analysis.
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  • #3,529
  • Aug 2, 2012 8:17pm Aug 2, 2012 8:17pm
Thank you DaddyBear, I'll stop and post my charts here, and as a matter of fact I have one...

Daily chart has shown some indecision for the week's price action making daily candle develop into pinbars and spinning tops, these had been forming with their tails against the upper trendline of the channel, divergence against the major trend is seen in the chart below, although you know I am not fan of top picking:

http://3.bp.blogspot.com/-lcWki322KL...+01+audusd.gif

The blue arrow could be a good place to buy, I bought on the confluence of the lower channel and the 200 EMA last week and sold on the resistance around 1.0440 those are the setups I like.

Edit: Forgot to mention that there is a minor support around that spot at the 1.0440, price reaction might be seen there, so watch out!
  • #3,530
  • Aug 2, 2012 8:19pm Aug 2, 2012 8:19pm
Quoting palabara
really?! lol you should be buying and helping me fuel this up to 1.0470ish!!

easy bro just because your leaving us for two weeks doesn't mean I have to pay your way....LOL...just kidding....but seriously be careful out there when you leave....


see you start talking about 1.0470 and it gets closer.....
  • #3,531
  • Aug 2, 2012 8:19pm Aug 2, 2012 8:19pm
everyone just BUY the AUD.. common just do it lol.. it will cause it to go up in low liquidity!
There are those who know, and there are those who don't know.
  • #3,532
  • Aug 2, 2012 8:21pm Aug 2, 2012 8:21pm
Quoting petehnm
easy bro just because your leaving us for two weeks doesn't mean I have to pay your way....LOL...just kidding....but seriously be careful out there when you leave....


see you start talking about 1.0470 and it gets closer.....
Hell yeah, I'm tired of looking at this dead puppy.. I need some support, and yes.. I need my way paid too! thank you, cause I am not getting reimbursed for this 7 hour drive each way. I'd rather take my own car then, and not be stranded on a boring base and be able to at least go watch a movie at night.
There are those who know, and there are those who don't know.
  • #3,533
  • Aug 2, 2012 8:22pm Aug 2, 2012 8:22pm
Quoting petehnm
easy bro just because your leaving us for two weeks doesn't mean I have to pay your way....LOL...just kidding....but seriously be careful out there when you leave....


see you start talking about 1.0470 and it gets closer.....
tell you what, you can sell it AFTER it hits resistance at 1.0470ish.. You'll make more money!! if it decides to go down from there LOL
There are those who know, and there are those who don't know.
  • #3,534
  • Aug 2, 2012 8:24pm Aug 2, 2012 8:24pm
On another note, GUYS and GALS! I shall miss you, it won't be fun not being able to hang out here with you, but gots to do my civic dutys that I volunteered for.

We are sending brave men and women to the hell skirmishes of this plant. So, I hope that you all wish them safe return from there deployment.
There are those who know, and there are those who don't know.
  • #3,535
  • Aug 2, 2012 8:24pm Aug 2, 2012 8:24pm
Quoting palabara
tell you what, you can sell it AFTER it hits resistance at 1.0470ish.. You'll make more money!! if it decides to go down from there LOL

Deal...
  • #3,536
  • Aug 2, 2012 8:27pm Aug 2, 2012 8:27pm
seems its picking up vengeance.. BYE..BUY? BUY BUY BUY!!!! lol
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  • #3,537
  • Aug 2, 2012 8:31pm Aug 2, 2012 8:31pm
MUHAHAHAHAHAHA! GOod!!
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  • #3,538
  • Aug 2, 2012 8:31pm Aug 2, 2012 8:31pm
Just took a 7 pip win on my long. Just not enough action for me, so I'll kick back and relax the rest of the evening.
  • #3,539
  • Aug 2, 2012 8:32pm Aug 2, 2012 8:32pm
CHINA ECON: Non-Manufacturing PMI 55.6 in July vs 56.7 in June.
  • #3,540
  • Aug 2, 2012 8:33pm Aug 2, 2012 8:33pm
Quoting Nate04
Just took a 7 pip win on my long. Just not enough action for me, so I'll kick back and relax the rest of the evening.
took 25 pips reached my goal, with this position. I'm happy now!
There are those who know, and there are those who don't know.
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