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  • #51,861
  • Aug 30, 2012 2:44am Aug 30, 2012 2:44am
I guess I am blocked from the other AUD/USD thread I wanted to draw cartoons with the creator and make vague calls like him where I dont trade and just draw..........

Anyways for those here who view this thread that don't get blocked for having opposing views like being a bear when someone else might be a bull..Thank you for sticking around and continuing to post your analysis new traders and seasoned ones appreciate CLEAR CHARTS AND ANALYSIS

Here is where we look to trade in the next day or less based off of corrective waves zz' wave patterns. The channel below 1.0290-1.0270 is where I expect to bottom for a new bounce retrace..

I will state here I am short AUD/USD and have been for about two weeks currently my basis on all the shorts is 1.0472 and I believe we will see 1.02 and after the cuts 1.01 later this year if no Stimulus from Ben come out than the bear move will continue.
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  • #51,862
  • Aug 30, 2012 4:42am Aug 30, 2012 4:42am
Quoting jplazard2
I guess I am blocked from the other AUD/USD thread I wanted to draw cartoons with the creator and make vague calls like him where I dont trade and just draw..........

Anyways for those here who view this thread that don't get blocked for having opposing views like being a bear when someone else might be a bull..Thank you for sticking around and continuing to post your analysis new traders and seasoned ones appreciate CLEAR CHARTS AND ANALYSIS

Here is where we look to trade in the next day or less based off of corrective waves...
You're not talking about the Wannabe Zen trading/sycophantic/psychobabble thread are you? I gave up cartoons many years ago.
PS. nice signature, we've seen this all before haven't we?
FF journal: Peaks and Troffs
  • #51,863
  • Aug 30, 2012 6:12am Aug 30, 2012 6:12am
Quoting bogus
You're not talking about the Wannabe Zen trading/sycophantic/psychobabble thread are you? I gave up cartoons many years ago.
PS. nice signature, we've seen this all before haven't we?


haha he is the best trader on here what are you talking about!!!!??? He make great long term calls and picks tops and bottoms but also scalps all the moves too. Then he will come back and give an enlightened though or cartoon should I say about his long term view that no one else can possibly fathom with our feeble mind..

I ran across a video that reminded of him..

.........................................................................

First let me introduce

Hugh Hendry, founder of Eclectica Asset Management (Youtube his greatness)

‘I’m sure the viewers if they have been watching the show for a long time now will have noticed something, that these guys keep coming on and they keep saying the same thing, that they keep thinking it’s a minority view, That what their saying is a minority view. You are not a Contrarian
right’ you are so consensual yes’’’ stick with that strategy if it works for you but please don’t perceive yourself to be contrarian ‘ -Hugh


In this short video this explains the true marketer who has noting at risk but still feels he needs to give views vs. The true risk taker/entrepreneur who does not work off a salary or ‘subscription fees’ but gets blamed for speculation and fear mongering through shorting markets
(4:51) start at this part it’s the best….


Inserted Video




Professor Sachs: Typical non trader/analyst/politician/cartoonist/vague caller.

Hugh Hendry said it best. ‘ When you bring on a professor and when you bring on a politician they are unaccountable , If Professor sachs is wrong you know what; he will survive in tenure, If I’m wrong I’ll go bankrupt. Who do you want to bet with? Got to love his views he shuts down those who have NO ACCOUNTABILITY OR RISK but talk like they do.
  • #51,864
  • Aug 30, 2012 6:37am Aug 30, 2012 6:37am
I has sold AUDUSD at 1.03527. I recommended entering this trade at any price between 1.03387 and 1.03666. The signal was issued because the Speculative Sentiment Index had hit its most extreme positive level for the past 145 trading hours at -1.0167, which suggests that the AUDUSD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00112, so the stop loss has been set at 1.04085. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. I expect to be closed by the stop loss. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.

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I just recommend here to monitor the price action when it reaches to 1.0215 as the upwards trend may starts from there.

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  • #51,865
  • Aug 30, 2012 6:50am Aug 30, 2012 6:50am
Game plan for today::::::::::: Levels for JACKSON HOLE

Today is the day we have all been waiting for the two main events:

JACKSON HOLE (ben speak tomorrow)
CNY Manuf. (after Friday's close)

We Will see some whipsaws coming in the market big time these next two days and one day we can control our positions the other we have to wait for the GAP to get out..

Here are the levels I expect to trade one way or the other good news or bad (preferably bad

1st. R:1.0344
2nd: R: 1.0355
3rd: R: 1.0377
4th Unlikely unless QE R: 1.0437

And the bears favorite level lower targets:

1st Target: 1.0290
2nd Target: 1.0272
3rd target: 1.0250 (not likely yet!)

On the lower targets once we reach I will no doubt feel more confident we will get to 1.02-1.01 but most likely will see a significant retrace upwards possibly back to 1.0355 before the selling resumes. That is too early to tell so I will just wait til the lower channel hits and go from there.
  • #51,866
  • Aug 30, 2012 6:51am Aug 30, 2012 6:51am
Chart of levels.

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  • #51,867
  • Aug 30, 2012 7:27am Aug 30, 2012 7:27am
Awfully familiar where have I seen this before…Offer 1.0355 I will be waiting
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  • #51,868
  • Aug 30, 2012 8:15am Aug 30, 2012 8:15am
Quoting bogus
You're not talking about the Wannabe Zen trading/sycophantic/psychobabble thread are you? I gave up cartoons many years ago.
PS. nice signature, we've seen this all before haven't we?


LOL totally agree!!
Luck has no place in trading. Leave that for the poker table.
  • #51,869
  • Aug 30, 2012 8:45am Aug 30, 2012 8:45am
Quoting selym_co
This pair has been moving up for a long time and its so normal for it to retrace a little ; and instead of bullish movements we all shud expect bearish trends. The price has respected the daily fan for a long time and now I expect the price to retrace down to the fan support level (market with red on the picture)...ın case the fan support is broken then i ll be seeking opportunities to SELL more...

Target is reached...
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Imagination rules the world ...
Selym Hyll Return This Year: na
  • #51,870
  • Aug 30, 2012 9:26am Aug 30, 2012 9:26am
Sometimes they make it too easy...Please give me a challenge like a retrace that I would love the thinking processs, but this its just not fair.

Lol
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  • #51,871
  • Aug 30, 2012 10:00am Aug 30, 2012 10:00am
Bears....

The time has come execute order 66!


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  • #51,872
  • Aug 30, 2012 11:05am Aug 30, 2012 11:05am
To those who still believe that markets can't be predicted in advance or that possible trading/consolidation channels can't be predicted

I disrespectfully disagree

http://www.forexfactory.com/showthre...46#post5970946
  • #51,873
  • Aug 30, 2012 11:23am Aug 30, 2012 11:23am
Quoting jplazard2
To those who still believe that markets can't be predicted in advance or that possible trading/consolidation channels can't be predicted

I disrespectfully disagree

http://www.forexfactory.com/showthre...46#post5970946
key is toconquer emotion.

Retailers addig longs this drop has no end in sight yet
  • #51,874
  • Aug 30, 2012 11:29am Aug 30, 2012 11:29am
1.0270/75 is the next area to not go short look for a retrace back to the low 1.04xx area for the next major B wave to send us back down

If your thinking of trading ahead on Ben if your a scalper check the levels I posted on the upside...

Postion traders you missid this boat but let ben takes us higher tomorrow that is where you come in hard...
  • #51,875
  • Aug 30, 2012 11:35am Aug 30, 2012 11:35am
Quoting sidhujag
1.0330 is now a resistance short term
med term now 4h
  • #51,876
  • Aug 30, 2012 11:37am Aug 30, 2012 11:37am
Kill some longs first, and then retrace back, we'll see the price above today's high by tomorrow
  • #51,877
  • Aug 30, 2012 11:38am Aug 30, 2012 11:38am
http://www.forexfactory.com/showthre...46#post5970946


We are now in the channel I spoke about I missed it by two pips on the second target... Like I just said dont short for another leg down this is pretty much it for today we might get 1.025xx but HIGHLY UNLIKLY..

We should trade in this channel 1.0290-1.0272 for the rest of the session...
Those looking for setups for the bear raid we have just executed order 66! That means there will be more time tomorrow..

Good night all and best of luck rest of the day..
  • #51,878
  • Aug 30, 2012 11:39am Aug 30, 2012 11:39am
PS Glad to see more ppl joining this theread again much appreciated and we look forward to you analysis..Peace out
  • #51,879
  • Aug 30, 2012 12:08pm Aug 30, 2012 12:08pm
Quoting jplazard2
http://www.forexfactory.com/showthre...46#post5970946


We are now in the channel I spoke about I missed it by two pips on the second target... Like I just said dont short for another leg down this is pretty much it for today we might get 1.025xx but HIGHLY UNLIKLY..

We should trade in this channel 1.0290-1.0272 for the rest of the session...
Those looking for setups for the bear raid we have just executed order 66! That means there will be more time tomorrow..

Good night all and best of luck rest of the...
According to my weekly chart ATR support came in at 1.0280. So, this area should hold for now IMHO. Let's see what Mr. Bear does till Helicopter Ben opens his mouth
  • #51,880
  • Aug 30, 2012 12:17pm Aug 30, 2012 12:17pm
I like this thread has a lot of analysis. Though, I like do like to be poetic. It seems like birds are fishing today while "skilled" jet pilots crashed and burn trying to bounce off the lake.

Here's a cartoon I posted somewhere elsewhere... I can see price going down to 1.02, but that's not to say it will.
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Play the players, not the cards.
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