Aussie Trading Room and Cartoons Gallery | Page 231 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Cartoons and Pics 2,832 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: Aussie Trading Room and Cartoons Gallery
Exit Attachments

Aussie Trading Room and Cartoons Gallery

  • #4,601
  • Aug 7, 2012 10:20pm Aug 7, 2012 10:20pm
red zone is new support gnarlypips is predicting of penetrating

 

  1. weekly pivot is also current support as last 2 h4 candle have rejected to penetrate
  2. if we close above daily pivot then we will go higher

  1. close below might get red zone

well time will tell what we will see....

gnight all and hope everyone gets green pips

Attached Image (click to enlarge)
Click to Enlarge Name: auh4.gif Size: 29 KB
Wooooohooooo or Boooooohooooo
  • #4,602
  • Aug 7, 2012 10:21pm Aug 7, 2012 10:21pm
Nice thread. I like the cartoons and the sharing of ideas etc.

I am short AUD:USD from 1.0600 and again at 1.0550.

Happy Trades,
fxstir
Attached Image (click to enlarge)
Click to Enlarge Name: 080712_audusd_h4.gif Size: 20 KB
  • #4,603
  • Aug 7, 2012 10:22pm Aug 7, 2012 10:22pm
I don't go long below my pink MA200 in M15TF.

PPL should know his trading time frame.
It would be a waste to argue with a HTF trader if you are a LTF trade.
Attached Image (click to enlarge)
Click to Enlarge Name: au m15.gif Size: 33 KB
  • #4,604
  • Aug 7, 2012 10:22pm Aug 7, 2012 10:22pm
Quoting fxstir
Nice thread. I like the cartoons and the sharing of ideas etc.

I am short AUD:USD from 1.0600 and again at 1.0550.

Happy Trades,
fxstir
Welcome, good entries. I have to say.
There are those who know, and there are those who don't know.
  • #4,605
  • Aug 7, 2012 10:22pm Aug 7, 2012 10:22pm
The article was on SNB buying baskets of currencies... instead of just keeping the peg... and how the traders belief in the SNB was sustaining strength in the EURCHF more so than the SNB... and while this was happening the SNB was diversifying its foreign currency portfilio instead of just buying EURCHF.....

Here is that link:

http://www.zerohedge.com/news/breaking-peg-swiss-national-bank-europe


also take a look - its growing - the fundamental is on the calendar... CHF Foreign Currency Reserves... 405bln... if the currency market is 4+ trillion dollar market and you are playing with 405bln.... you can make and sustain serious moves in other currencies... especially if you need to keep your currency weak... an relatively easier thing to do than strengthen it in some cases...
  • #4,606
  • Aug 7, 2012 10:30pm Aug 7, 2012 10:30pm
what better way to do that than selling eur aud...
  • #4,607
  • Aug 7, 2012 10:39pm Aug 7, 2012 10:39pm
This is what I see on my daily chart, we have a uptrend daily channel which will be meeting a downtrend weekly trendline and the fib 23 level. So I see it being a good time to start to attack for a short trade down to the 1.02 level which is also the level where the MACD divergence started on the daily chart, shown with the purple lines.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd daily divergence.jpg Size: 174 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #4,608
  • Aug 7, 2012 11:01pm Aug 7, 2012 11:01pm
Thank you palabara.

Quoting palabara
Welcome, good entries. I have to say.
  • #4,609
  • Aug 7, 2012 11:04pm Aug 7, 2012 11:04pm
Broken rising wedge equivalent on daily charts, and projection.

Attached Image (click to enlarge)
Click to Enlarge Name: metoo-daily.gif Size: 16 KB


Gnarlypips 1.0320 level could be on the lines, near 61.8% retracement on last swing high and at about the SMA34 level.
  • #4,610
  • Aug 7, 2012 11:06pm Aug 7, 2012 11:06pm
Thanks Teddicus (http://www.forexfactory.com/teddicus)!

I had a look at that article but it's mention of upcoming release of the mix of SNB reserves was also of interest and shown in: http://www.zerohedge.com/news/europe-unfixed-again-scramble-all-things-swiss-resumes

I had previously noticed the increase in SNB FX reserves (which surprised me but I'm guessing it's because people are buying CHF due to safe haven status or have seen some suggestions they are printing money to buy Euro...)

My interpretation of the link is that SNB have not been able to diversify as much as thought eg increase in other (AUD, SEK, DKK, SGD and KRW) from 31/3 to 30/6 is $7 to $8 billion whilst increase in Euro is $97 billion.

Does anyone know the size of the AUD market?
Hope for the best, prepare for the worst.
  • #4,611
  • Aug 7, 2012 11:35pm Aug 7, 2012 11:35pm
Officially in short. Eying 1.0520 and 1.0500 as TP levels. Gonna depend on the price action though.

Lets see some fireworks to the downside!
  • #4,612
  • Aug 7, 2012 11:47pm Aug 7, 2012 11:47pm
Patternology-

Pattern-Z
Attached Image (click to enlarge)
Click to Enlarge Name: Z.JPG Size: 72 KB
daddybearforex. com
  • #4,613
  • Aug 8, 2012 12:08am Aug 8, 2012 12:08am
Looking at the rate pa is moving. The support can be broken anytime. A polar bear will surf down from the mountain if no cows stop him.
  • #4,614
  • Aug 8, 2012 12:10am Aug 8, 2012 12:10am
Quoting DaddyBear
Patternology-

Pattern-Z
or M ?
  • #4,615
  • Aug 8, 2012 12:11am Aug 8, 2012 12:11am
Quoting 5percent
Looking at the rate pa is moving. The support can be broken anytime. A polar bear will surf down from the mountain if no cows stop him.
Please do not call me COW!
http://www.forexfactory.com/attachme...%20hr%20ago%29
daddybearforex. com
  • #4,616
  • Aug 8, 2012 12:13am Aug 8, 2012 12:13am
Quoting bouble
or M ?
or N, no M.
daddybearforex. com
  • #4,617
  • Aug 8, 2012 12:15am Aug 8, 2012 12:15am
Quoting dab
Thanks Teddicus (http://www.forexfactory.com/teddicus)!

I had a look at that article but it's mention of upcoming release of the mix of SNB reserves was also of interest and shown in: http://www.zerohedge.com/news/europe-unfixed-again-scramble-all-things-swiss-resumes

I had previously noticed the increase in SNB FX reserves (which surprised me but I'm guessing it's because people are buying CHF due to safe haven status or have seen some suggestions they are printing money to buy Euro...)

My interpretation of the link...

Take a look at the chart on zerohedge article vs. the link of the SNB reserves - since the first chart's data was put out... the SNB has purchased more of "other(1)" currency... relative to canadian in the 3 or 4% range... then in the most recent account found on the SNB website:

http://www.snb.ch/en/iabout/assets/id/assets_reserves

OOne would only be led to think that (other) means AUD... selling EUR reserves to buy AUD.... (take a look at that chart) ....

The SNB are smart MF people.
  • #4,618
  • Aug 8, 2012 12:20am Aug 8, 2012 12:20am
Quoting DaddyBear
Patternology-

Pattern-Z
which tf ?
Sometimes it's better to be wrong,to learn..
  • #4,619
  • Aug 8, 2012 12:24am Aug 8, 2012 12:24am
Quoting KiNgEdwarD
which tf ?
M30
daddybearforex. com
  • #4,620
  • Aug 8, 2012 12:25am Aug 8, 2012 12:25am
Quoting DNTme
Short 0580 target 0500 0435 0345
+45 half position

from what i see, AU looking running out of steam and need to reach at least first 2 demand area 0443 0287
Attached Image (click to enlarge)
Click to Enlarge Name: aussie8.jpg Size: 78 KB
fokyou forexfactory
62 traders viewing now