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Aussie Trading Room and Cartoons Gallery

  • #7,281
  • Aug 22, 2012 6:48am Aug 22, 2012 6:48am
Quoting polly
Clear enough sign there hey? Mining boom in Australia and we spent half of it in a bear market. Not happy.
Welcome polly! Don't worry, be happy. -DB-
daddybearforex. com
  • #7,282
  • Aug 22, 2012 7:21am Aug 22, 2012 7:21am
There has been a debate going on in our forum as to whether or not the top was formed. I am very pleased to see the way we debate. Unlike what happened in other threads, our debate has been very civilized.

Today's PA could be the key to see which way the Aussie is heading to. It took me a while to realize that the peak of the momentum is not equivalent to the top. A car running out of gas at a very high speed wouldn't stop right away. In fact, it might speed up a little bit at that very moment due to the effect of the complete empty gas tank.
daddybearforex. com
  • #7,283
  • Aug 22, 2012 7:41am Aug 22, 2012 7:41am
5 min Chart
Think I'll go short here.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled 100.jpg Size: 176 KB



Edit: will close at the potential double bottom.
  • #7,284
  • Aug 22, 2012 7:42am Aug 22, 2012 7:42am

FUDGE

  • #7,285
  • Aug 22, 2012 7:45am Aug 22, 2012 7:45am
Quoting Daytrader74

FUDGE

Indeed. Oh well, support didn't hold.
  • #7,286
  • Aug 22, 2012 7:47am Aug 22, 2012 7:47am

gold and the little aussie just fell off the cliff



double fudge
  • #7,287
  • Aug 22, 2012 7:49am Aug 22, 2012 7:49am
post 17 August and still same view

Quoting egkid
The real deal i watch and wait
4h close under 1.0370 - 1.0390 when that happen say
Bye Bulls
  • #7,288
  • Edited 8:05am Aug 22, 2012 7:51am | Edited 8:05am
Quoting DonL
5 min Chart
Think I'll go short here.

Attachment


Edit: will close at the potential double bottom.
Closed at 1.0413. Was hoping for 20. Got 19 pips

Had been followed the bearish wedge on a 5 min chart for the past couple of hours.
For anyone that might have been interested in how a quick breakout trade can happen.
  • #7,289
  • Aug 22, 2012 8:09am Aug 22, 2012 8:09am
Good night all.

Enough for one day.
  • #7,290
  • Aug 22, 2012 8:47am Aug 22, 2012 8:47am
Quoting DonL
Closed at 1.0413. Was hoping for 20. Got 19 pips

Had been followed the bearish wedge on a 5 min chart for the past couple of hours.
For anyone that might have been interested in how a quick breakout trade can happen.
I missed my TP By 3 pips! Lol. Unfortunately i can't sit in front of my charts all day. Come on bears, lets give these aussie bulls a boot.

*Simpsons imagery comes to mind of when Bart receives his punishment in front of the Australian parliament*
  • #7,291
  • Aug 22, 2012 8:48am Aug 22, 2012 8:48am
Damn that little aussie sucker...it just wont budge that little f*****
  • #7,292
  • Aug 22, 2012 8:52am Aug 22, 2012 8:52am
so, the dollar strenght is finished for today, now it's all about aud
  • #7,293
  • Aug 22, 2012 9:06am Aug 22, 2012 9:06am
Quoting tunera
so, the dollar strenght is finished for today, now it's all about aud
FOMC Meeting Minutes which is 4 hours from now ought to bring it up more
  • #7,294
  • Aug 22, 2012 9:12am Aug 22, 2012 9:12am
Quoting edzalexander
FOMC Meeting Minutes which is 4 hours from now ought to bring it up more
If no QE3 then USD should strengthen against the AUD, are you expecting QE3? if not please share why do you think it will go up more?
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,295
  • Aug 22, 2012 9:13am Aug 22, 2012 9:13am
Quoting edzalexander
FOMC Meeting Minutes which is 4 hours from now ought to bring it up more
bring it up, the usd or the aud?
of course it was only my opinion, but from a technical prespective (looking the 4h chart), the usd index is poised for further losses, at least the momentum looks to be pretty bearish at the moment.

  • #7,296
  • Aug 22, 2012 9:16am Aug 22, 2012 9:16am
Are you guys sure this has bottomed? The trend suggests otherwise.
Attached Image (click to enlarge)
Click to Enlarge Name: aud 1h 3.gif Size: 32 KB
  • #7,297
  • Aug 22, 2012 9:17am Aug 22, 2012 9:17am
remember guys...
FOMC= strengthen US$...(90% possibility)
Sometimes it's better to be wrong,to learn..
  • #7,298
  • Aug 22, 2012 9:19am Aug 22, 2012 9:19am
wave in week

c or 4?
  • #7,299
  • Aug 22, 2012 9:27am Aug 22, 2012 9:27am
So, taking for grant for a moment the idea that the usd is poised for further losses (yeah, 10% focm probability), and taking in consideration the fact that eurusd and the usd index in the recent times looks to be highly correlated (i would say almost a mirror!), it's good idea to give a look to euraud, which recent strenght explain why yesterday audusd did fall back to the daily lows.

I see some kind of overbought condition / bearish divergence / loss of bullish momentum, this can lead to a correction in the near future (euraud).


Edit:
this is just opinion sharing, that is good to observe the various variables that build up an opinion
Attached Image (click to enlarge)
Click to Enlarge Name: food.gif Size: 25 KB
  • #7,300
  • Aug 22, 2012 9:31am Aug 22, 2012 9:31am
People keep speculating about QE, but every time it's the same response from the Fed. They aren't doing anything now, but they will continue to monitor the situation and won't hesitate to act if conditions worsen. blah, blah, blah.
It's beneficial for the Fed and the stock market to keep the QE hope alive, whether they are considering it or not.
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