AUD/USD

WE could see reversion to the mean here between AUD/USD and EUR/AUD where e/a comes down to lower levels and A/U comes back up to 1.04xx levels soon..

Correlation for 20ds

EUR/AUD aud/usd= -0.5466
EUR/JPY AUD/USD= 0.7279 HIGHLY DIRECT

hope this helps if not pm what what you were speaking about and I will get the workup

Considering a long around 1.033 depending on PA

Draghi you inglorious bastard talking up risk again..Looks like I will be picking levels on the high end to short here

Yep.. I hope that Jackson Hole will have no QE and then make Draghi lose his face so people will stop listening to his rhetoric and wait for the stone cold facts.

Crossed above the Major resistance but no close yet those taking a long here best to wait for a close above and then NY open for follow through or you can go long now either way best of luck.. This might be a false break back to range level as I am looking at another chart that is flat lining
again

Doctor we have flat lined the patient is going, call the specialist.


beep beep beep beeeeeeeeeeeeee

Nurse: Doctor Draghi to the ICU, Doctor Draghi to the ICU.
Draghi: what seems to be the problem
Nurse: Hes going int cardiac arrest
Draghi: give me 200ccs of Nothing STAT!!!





BEEP BEEP
Nurse: Oh doctor you are good

I am learning to trade harmonic patterns. The harmonic patterns come with colorful names, such as butterfly, crab and bat patterns.

I like the simplest one of all, which goes by a simple name, the AB=CD pattern. In order to train my mind to see and recognize AB=CD patterns, i went searching for AB=CD patterns,. I looked for it everywhere. 10mins charts, 1hr charts, 4hr charts and daily charts. And i think i found the largest AB=CD you will probably ever see.

Here it is. The humongous 3000pips AB=CD pattern from AUDUSD daily chart!!

http://i48.tinypic.com/35k1non.png

Bears it's ok we are still WINNING!! dont cut out of our camp we are just getting warmed up...

Just to show you guys how dead we are these last couple weeks, take a look at Australian dollar futures (my bread and butter) ex. globex after hours trading we are tight and prone for a breakdown or spike coming.

Today looks like another dud though..

HEADS UP SCALPERS::::GOING LONG HEREis not a bad idea wait till the next hourly for confirmation..

Australian dollar futures traded exactly 1.034 7/26/12 when this rounding top started. Setting your stop loss tightTIGHT TIGHT like 5pips or liss is optimal because if we break this trendline lower in futures it WILL SPILL INTO SPOT FOREX SIDE hard...

Target possibly 1.0370 on AUD/USD that would be spike high area..

happy! smoothly touched my target and then bounced back . i was confident that it would come down to 80.15

potential long area here at 335 coming up

As long as it stays under 1.0411 it's ok with me

should we go long or short on this Pair?

1.0330 is now a resistance short term

Trend is down...due for correction on monday in my books

Hello all,

I woke up to an amazing chart the bulls are getting hammered and won't have now given up a KEY level 1.02 is in our sights.

For those of you still not in the bear camp I know there is another thread with major bulls Read the bear map and finally join us you still have time before JACKSON HOLE and September moves lower

http://www.forexfactory.com/showthre...87#post5959787

This move is just begining and like I also wrote earlier this week if you have no position going into Jackson Hole wait until after the hype and news comes out because if you get in 5minutes before your account is going to whipsaw with no end in site...BEARS there is still plenty downside notably 1.02 so dont feel the need to get in after .

POSITION PLAYERS: Congrats if your still in the camp with me and several other individuals some have been short since 1.06 1.05 and some have captured swings down since the top stick with it 1.02 is in our sights

Scalpers:: there looks to be another small leg down coming down the hatch notable 1.0288-1.0285

The only issue I see is RSI extreme oversold but then again RSI is a terrible indicator in a trend move because it stays near overbought/oversold for some time. here is the downside projection.

WOUNDED BULLS COME JOIN..

Guys cash rate this Tuesday!

There were some short squeeze after Wen talked. Can it go on for the rest of the trading up to U.S. opening?

Bulls rejected back to range...
Wen is done with jawboning.