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Aussie Trading Room and Cartoons Gallery

  • #7,041
  • Aug 21, 2012 3:04am Aug 21, 2012 3:04am
Quoting doblece
My views at this point:

Attachment
There has not been a big enough move down for me to look for an inverted H&S, so it will be interesting to see if your view plays out.
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,042
  • Aug 21, 2012 3:17am Aug 21, 2012 3:17am
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_daily_21.08.12.jpg Size: 81 KB
  • #7,043
  • Aug 21, 2012 3:18am Aug 21, 2012 3:18am
Quoting Robot Trader
There has not been a big enough move down for me to look for an inverted H&S, so it will be interesting to see if your view plays out.
I am personally biaised towards a bounce back down from DUTL2 (reached at 1.0517) however we could have some consolidation taking place between 50% and 38.2% levels and 1.0480 then 1.0466 (SMA34 - SMA20) should both be broken to consider the downside, in my opinion (price would then be back below DUTL1).

On the other hand, 1.064x is at about the weekly DUTL.
  • #7,044
  • Aug 21, 2012 3:35am Aug 21, 2012 3:35am
Quoting doblece
I am personally biaised towards a bounce back down from DUTL2 (reached at 1.0517) however we could have some consolidation taking place between 50% and 38.2% levels and 1.0480 then 1.0466 (SMA34 - SMA20) should both be broken to consider the downside, in my opinion (price would then be back below DUTL1).

On the other hand, 1.064x is at about the weekly DUTL.
Maybe the HSBC PMI for China later this week might get the ball rolling.
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,045
  • Aug 21, 2012 7:03am Aug 21, 2012 7:03am
Quoting gatorinla
if it breaks support.. i will not sell until it bounces north after b/o.. .0510 +
it broke support Friday.. a bounce to 0510 min is norm..
those who can, do. those who cant, talk about those who can
  • #7,046
  • Aug 21, 2012 7:05am Aug 21, 2012 7:05am
Quoting gatorinla
mid of last legs (or more) happen more times then not. never a certainty
it just happens
those who can, do. those who cant, talk about those who can
  • #7,047
  • Aug 21, 2012 7:12am Aug 21, 2012 7:12am
Quoting gatorinla
i gave up thinking. it cost too much. let me clarify.. i don't use my thinking to trade. i didnt say i would s 0510. i did say i wouldn't until it gets there min. there variables that could change my perception. i don't know what it will do. it does go back to 0510 more times then not. its 0510 because of where its at in the b/o below 0437. its also norm to go higher.
more time then not after a b/o, like 0437 on Friday. we return to the level represented by 0510.
those who can, do. those who cant, talk about those who can
  • #7,048
  • Aug 21, 2012 7:19am Aug 21, 2012 7:19am

Double FUDGE
  • #7,049
  • Aug 21, 2012 7:19am Aug 21, 2012 7:19am
Looks like this pair has finally topped.
Closed my longs and entered short 1.0498.
Targeting the 1.04 region.
Attached Image (click to enlarge)
Click to Enlarge Name: aud 1h.gif Size: 21 KB
  • #7,050
  • Aug 21, 2012 7:39am Aug 21, 2012 7:39am
Umm really? In the midst of a euro rally? I mean they are correlated you know...
  • #7,051
  • Aug 21, 2012 7:51am Aug 21, 2012 7:51am
Is it a bear or is it a trap?

By the way, I'm still holding my longs since 1.0420 and added more at 1.0490. So help me God.
  • #7,052
  • Aug 21, 2012 7:54am Aug 21, 2012 7:54am
Quoting NYForexer
Is it a bear or is it a trap?

By the way, I'm still holding my longs since 1.0420 and added more at 1.0490. So help me God.

one way is just to trail ur profits now.

1.0420, move stop loss up to near 1.0480, and move stop loss of 1.0490 just under 1.0480.

it's just a recommendation of ensuring you have an overall profit in case this dive.
  • #7,053
  • Aug 21, 2012 7:54am Aug 21, 2012 7:54am
Quoting Iro
Umm really? In the midst of a euro rally? I mean they are correlated you know...
I know, right? I must be crazy.
Will close if it breaks above TL.
Attached Image (click to enlarge)
Click to Enlarge Name: aud 1h 2.gif Size: 24 KB
  • #7,054
  • Aug 21, 2012 8:11am Aug 21, 2012 8:11am
This Aussie drama continues to unfold. The possible scenario is a new lineup of DB's cartoons.
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Click to Enlarge Name: END GAME.JPG Size: 91 KB
daddybearforex. com
  • #7,055
  • Aug 21, 2012 8:12am Aug 21, 2012 8:12am
Shoulda plotted that trendline from the high at 1.061 imo, price action makes more sense: breakout to 1.052, retracement to resistance turned support @ 1.041, bounce -> where we are now.
  • #7,056
  • Aug 21, 2012 8:17am Aug 21, 2012 8:17am
Quoting gatorinla
more time then not after a b/o, like 0437 on Friday. we return to the level represented by 0510.
here's what i wrote yesterday

http://www.forexfactory.com/search.php?do=process&provider=Member&searchuser=235713
Wooooohooooo or Boooooohooooo
  • #7,057
  • Aug 21, 2012 8:24am Aug 21, 2012 8:24am
Quoting Iro
Umm really? In the midst of a euro rally? I mean they are correlated you know...
peek at the ea. its indicating the euro will be stronger verse the usd then the aud will be verse the usd. if usd bearish, longing the euro should yield more pips then the aud at least till ea19xx.. and if usd bullish the opposite by shorting the aud. but the interest sucks.
those who can, do. those who cant, talk about those who can
  • #7,058
  • Aug 21, 2012 8:27am Aug 21, 2012 8:27am
Quoting DaddyBear
This Aussie drama continues to unfold. The possible scenario is a new lineup of DB's cartoons.
Replay?
  • #7,059
  • Aug 21, 2012 8:27am Aug 21, 2012 8:27am
Quoting gnomoneey
here's what i wrote yesterday

http://www.forexfactory.com/search.php?do=process&provider=Member&searchuser=235713
if you want me to read a post quote it. i am not going back and reading all the history.
those who can, do. those who cant, talk about those who can
  • #7,060
  • Aug 21, 2012 8:31am Aug 21, 2012 8:31am
Quoting gatorinla
if you want me to read a post quote it. i am not going back and reading all the history.
here you go

au needs to close fully below the 1.0420 if not we will retrace again towards weekly pivot 1.0472 and max 1.0539. I guess we are not finish the retracement from friday's bottom
i'm still bearish on this pair but see this retracement
Wooooohooooo or Boooooohooooo
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