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  • #9,381
  • Sep 10, 2012 11:29pm Sep 10, 2012 11:29pm
Quoting Zelek11
30 pips up in about an hour is kind of unusual for the Asian session without a significant news release. That is what I meant.
It made similar move yesterday, an hour earlier.
And another one, 12 hours ago.
Maybe it's a mid-day cycle thing?
(BTW: 1.0350 is the daily pivot on my chart. We're below.)
  • #9,382
  • Sep 10, 2012 11:46pm Sep 10, 2012 11:46pm
Quoting Zelek11
30 pips up in about an hour is kind of unusual for the Asian session without a significant news release. That is what I meant.
when its channeling in 30-40 pips you have to try to find the median price that market keeps coming back to....imo i see 1.0340 as that price along with some support and resistance value.

btw that move was a delayed reaction to the cny news release
Wooooohooooo or Boooooohooooo
  • #9,383
  • Sep 10, 2012 11:59pm Sep 10, 2012 11:59pm
We have had a strong down move, so an ABC correction should not be ruled out, if this was to happen it would take me to the level for a possible Daily H&S which would make for a much stronger down move.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 4h abc correction 11 09 12.jpg Size: 191 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #9,384
  • Sep 11, 2012 12:00am Sep 11, 2012 12:00am
h4

since friday's high price has been slowly dropping down...
we have lower high and lower lows
1.0340 as the magnet price
daily h1 and lower tf has pointed to resumption of the upward movement
h4 is currently undecided on which direction to go

we wait and see what the next 2-3 h4 candles will show us
Wooooohooooo or Boooooohooooo
  • #9,385
  • Sep 11, 2012 12:26am Sep 11, 2012 12:26am
This is a pair well worth watching, we have very nice Daily continuing divergence building and a Daily downtrend line meeting near the 38.2 Fib level. If PA can push up to this level it would be a good area to start attacking for what could be a 300+ pip down move.

The German court ruling if positive, could give the pair that push up required to take PA to a level where a divergence trade looks very attractive.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud daily divergence 11 09 12.jpg Size: 147 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #9,386
  • Sep 11, 2012 1:54am Sep 11, 2012 1:54am
Yes, today the sun is clear, no clouds in the sky.. a perfect day for the bull pilot to try again his new airplane

http://www.forexfactory.com/attachme...4&d=1347269166

  • #9,387
  • Sep 11, 2012 2:22am Sep 11, 2012 2:22am
Quoting tunera
Yes, today the sun is clear, no clouds in the sky.. a perfect day for the bull pilot to try again his new airplane

http://www.forexfactory.com/attachme...4&d=1347269166

AU seeming to go up 1.4...
  • #9,388
  • Sep 11, 2012 2:24am Sep 11, 2012 2:24am
Quoting 2012baby
AU seeming to go up 1.4...
the bull pilot will be heading to the 1.0550 australian airport, there will take some rest and find a nice hotel for the night
  • #9,389
  • Sep 11, 2012 2:45am Sep 11, 2012 2:45am
some thoughts, actually the audusd bulls are basing their play on usd weakness, however untill the aud is weak too, audusd will find difficult to show any real strenght.
now for now therefore it would be wiser to play the usd weakness on other currency pairs, however, for those who look at a further hypotethical aud rebound, if this happen in conjunction with the actual usd weakness, audusd can see some real strenght.
the good thing for now is that the bulls have the "protection" of usd weakness, but as long as the aud don't show some rebound the audusd strenght will be limited.
the same is true for bears, looking to play the aud weakness, but donig so in audusd they go against the usd weakness too.
Audusd: best choppy pair for now
  • #9,390
  • Sep 11, 2012 2:55am Sep 11, 2012 2:55am
Quoting tunera
some thoughts, actually the audusd bulls are basing their play on usd weakness, however untill the aud is weak too, audusd will find difficult to show any real strenght.
now for now therefore it would be wiser to play the usd weakness on other currency pairs, however, for those who look at a further hypotethical aud rebound, if this happen in conjunction with the actual usd weakness, audusd can see some real strenght.
the good thing for now is that the bulls have the "protection" of usd weakness, but as long as the aud don't show some rebound...
And here comes the real question, we are waiting for an aud rebound or an usd rebound, which one will come first?
From my view, the usd have still a nice room to move down, so i would for now say that an usd rebound in the short term is somehow inprobable.
What about aud, aud too have still a nice room for further weakness, however contary to usd, the aud have lost a big ground without making any significant retrace during the way, in other words is oversold. This does not mean that an aud will rebound before the usd, however if we look strictly to the probabilities of both, i feel that aud have more probability of rebound than usd, in the short-term.
  • #9,391
  • Sep 11, 2012 3:04am Sep 11, 2012 3:04am
Quoting tunera
Yes, today the sun is clear, no clouds in the sky.. a perfect day for the bull pilot to try again his new airplane

http://www.forexfactory.com/attachme...4&d=1347269166

That new Bull plain looks exactly like the one you had yesterday, which had to return to the departure airport, not sure this was due to clouds more probably engine failure. lets see if they can keep the engine running this time past the end of the runway

Or look I am on top of the page and what a view I have of the runway
Some people say I'm lucky, but the more I practice the luckier I get
  • #9,392
  • Sep 11, 2012 3:20am Sep 11, 2012 3:20am
Goodaye mate!
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  • #9,393
  • Sep 11, 2012 4:16am Sep 11, 2012 4:16am
the take off has been a success, the bull was at this point preparing for align with the route to the next airport, some storm at the horizon, however the bull wasn't looking discouraged from that
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  • #9,394
  • Sep 11, 2012 4:50am Sep 11, 2012 4:50am
Quoting Robot Trader
This is a pair well worth watching, we have very nice Daily continuing divergence building and a Daily downtrend line meeting near the 38.2 Fib level. If PA can push up to this level it would be a good area to start attacking for what could be a 300+ pip down move.

The German court ruling if positive, could give the pair that push up required to take PA to a level where a divergence trade looks very attractive.
i will be selling earlier on tl break. looking ideally for 110.
  • #9,395
  • Sep 11, 2012 6:00am Sep 11, 2012 6:00am
If you are trying to talk Aussi properly, its G'Day Mate ...
  • #9,396
  • Sep 11, 2012 6:56am Sep 11, 2012 6:56am
Attached Image (click to enlarge)
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fokyou forexfactory
  • #9,397
  • Sep 11, 2012 6:58am Sep 11, 2012 6:58am
Beautiful drawing tunera, especially the colours. same for the previous ones.
As for the take off, E/A broke the daily UTL, so, as long as it fails to make new highs, my bias is bullish on AUD. See what we can buy, A/U a bit overstretched, A/J no way (yen!!), A/CAD no coz CAD seems to be strong (U/CAD making new lows every day), leaves little choice, A/CHF is my pick for a long (and it's interest positive too). Technically stops below recent lows, target, is a good question, a few hundred pips will do

This recent upside move on E/CHF seems to have decoupled Franc from Yuro, they've been tango'ing together since the peg was introduced, being long E/CAD was (almost) the same as shorting CAD/CHF. This seems to be over now.

Quoting tunera
the take off has been a success, the bull was at this point preparing for align with the route to the next airport, some storm at the horizon, however the bull wasn't looking discouraged from that
forget about tomorrow, just steal away into the night
  • #9,398
  • Sep 11, 2012 7:52am Sep 11, 2012 7:52am
The bull plane did succesfully overtake the strom clouds, just above the storm, a new sky, with the sun and no turbulences.
At this point, the bull can test the autopilot function of his plane, and enjoy the trip!

p.s.
tnx spekitox, i'm pretty newbie at drawing, but you know actually is a good way to kill some time while waiting, and also is a humble way to share my views with the forum (yeah the colours are nice, tnx to microsoft paint)
Attached Image (click to enlarge)
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  • #9,399
  • Sep 11, 2012 8:09am Sep 11, 2012 8:09am
Quoting DNTme
A "long-term" trade, with QE3 possibly being announced in coming days?

Uh...
  • #9,400
  • Sep 11, 2012 8:29am Sep 11, 2012 8:29am

FUDGE
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