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  • #7,761
  • Edited 2:09am Aug 24, 2012 1:53am | Edited 2:09am
Quoting jeff_b
Have you ever seen orders big enough to reverse the previous direction (I.E. bend the trend)?

I'd venture to say we'll see below 1.04 today and probably closes @ below 1.04.

Cheers.
It's very probable, personally i've my stop just at 1.04, if break the "psychological level" i'm out.
If it's a fake break, the bottom of today is already in place (1.04035).

What will be.. will be!


Edit:
And if this is a fake break, we go straight to 1.0615

edit2:
..amen
  • #7,762
  • Aug 24, 2012 1:59am Aug 24, 2012 1:59am
Quoting tunera
oh no italian only, i come here 1 year ago to have some holiday, and forgot to get back to my country
Now you stay in Thailand?
  • #7,763
  • Aug 24, 2012 1:59am Aug 24, 2012 1:59am
Quoting DaddyBear
If not already, may be on the way.
Haha
  • #7,764
  • Aug 24, 2012 2:07am Aug 24, 2012 2:07am
Quoting tunera
It's very probable, personally i've my stop just at 1.04, if break the "psychological level" i'm out.
If it's a fake break, the bottom of today is already in place (1.04035).

What will be.. will be!


Edit:
And if this is a fake break, we go straight to 1.0615
Yesterday the Daily candle closed below the lower line of the uptrend channel, PA during the Asian session tested that uptrend line again.

So it is now looking bearish for the start of the London session
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,765
  • Aug 24, 2012 2:11am Aug 24, 2012 2:11am
Quoting tunera
Indeed can also be a fake break, aka new buyers just there waiting to be filled, let's see we'll discover veeeery soon
Not until 363 level IMHO.
  • #7,766
  • Aug 24, 2012 2:12am Aug 24, 2012 2:12am
Quoting egkid
The real deal i watch and wait
4h close under 1.0370 - 1.0390 when that happen say
Bye Bulls
Hello 390
  • #7,767
  • Aug 24, 2012 2:15am Aug 24, 2012 2:15am
Quoting Robot Trader
Yesterday the Daily candle closed below the lower line of the uptrend channel, PA during the Asian session tested that uptrend line again.

So it is now looking bearish for the start of the London session
We may even see close to 300 level today...
  • #7,768
  • Aug 24, 2012 2:22am Aug 24, 2012 2:22am
The AUD is even weaker than EUR today,some horrible AUD selling going on.
  • #7,769
  • Aug 24, 2012 2:23am Aug 24, 2012 2:23am
Gold now 1665 will back to 1600 fast
Watch and enjoy

PS: Remember everyone trade depends on his own chart and MM
  • #7,770
  • Aug 24, 2012 2:25am Aug 24, 2012 2:25am
Quoting payal
We may even see close to 300 level today...
Not sure where it will end today, my long term target is 1.02 and I want to see it well OS before considering a buy.

The only thing that would make me think of buying before that level is if China announce another stimulus package.

BTW. when I say buy I mean long term buy and hold trades, I may take a buy inter day on its way down to 1.02, because it will not be a straight line.
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,771
  • Aug 24, 2012 2:26am Aug 24, 2012 2:26am
Quoting egkid
Hello 390
First S for aud 320
  • #7,772
  • Aug 24, 2012 2:27am Aug 24, 2012 2:27am
Quoting egkid
Gold now 1665 will back to 1600 fast
Watch and enjoy

PS: Remember everyone trade depends on his own chart and MM
I was hoping that Gold would push higher
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,773
  • Aug 24, 2012 2:28am Aug 24, 2012 2:28am
IMO, silver and gold is at good level to sell at the moment. I was selling Germany 30, S&P500, silver, gold, E/U, A/U now all closed. Squared my books for the weekend, trade safe guys.

EDIT: I was right that Germany 30 will come down below 7000, it has to but I shorted too early and had to endure some painful drawdown. The lesson is, you can be right but timing is even more important in this business.
  • #7,774
  • Aug 24, 2012 2:42am Aug 24, 2012 2:42am
The Australian dollar was lower late Friday after the country's top central bank official said he was surprised the local unit hasn't fallen more sharply in response to lower commodity prices and a slowing global economy.
Reserve Bank of Australia Governor Glenn Stevens declined to say how much weaker the unit should be but said: "We're not talking 20 cents worth".
My Currency is Urgency
  • #7,775
  • Aug 24, 2012 3:05am Aug 24, 2012 3:05am
what is the bear waiting for ??
  • #7,776
  • Aug 24, 2012 3:19am Aug 24, 2012 3:19am
I don't usually use indicators but the weekly stochastic is showing we are wayyy overbought on the AUD, almost 96-97 level. I think the long term down trend is here, what do you guys think? DB I know you are saying it will eventually go back up, what is your rationale behind that judgement?
  • #7,777
  • Aug 24, 2012 3:22am Aug 24, 2012 3:22am
From the low on 1st june to the high 9th august we have pulled back almost to 23 fib level at 1.0368. Will be interesting to see if we reverse back up and continue uptrend from here? Hoping not
  • #7,778
  • Aug 24, 2012 3:59am Aug 24, 2012 3:59am
Quoting KickAss
what is the bear waiting for ??
It hasn't made it through the trendline support yet (going back to June 15). Also, the recent market rhythm suggests it will rally at some point.
  • #7,779
  • Aug 24, 2012 4:01am Aug 24, 2012 4:01am
I posted this chart at the beginning of the week and have adjusted the Fib Fan inline with PA. If price makes it to the 23.6 level of the Fib Fan in the current move I would expect a pullback to the 38.2 or 50 before commencing the further down move. My target is the 61.8 (or round number 1.02) Fib level.

I will post the chart again at the end of next week to see how well the Fib Fan worked with the levels on the way down to 1.02
Attached Image (click to enlarge)
Click to Enlarge Name: audusd fib fan 24 08.jpg Size: 175 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,780
  • Aug 24, 2012 4:10am Aug 24, 2012 4:10am
Quoting DaddyBear
How soon?
Target attained. Was that soon enough?
Attached Image
Don't follow me! You can and most likely will LOSE all your money!!!!
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