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  • #9,741
  • Sep 14, 2012 9:33pm Sep 14, 2012 9:33pm
Quoting DaddyBear
Oanda's website has a higher number - 1.05704. [09/15/2012]
XE showed 1.05667. This is an after hour number. So, a gap is pretty much in the cards.
daddybearforex. com
  • #9,742
  • Sep 14, 2012 9:38pm Sep 14, 2012 9:38pm
Quoting DaddyBear
XE showed 1.05667. This is an after hour number. So, a gap is pretty much in the cards.
MarketWatch - 1.0568

Previous close - 1.0549 [Friday]
daddybearforex. com
  • #9,743
  • Sep 14, 2012 9:40pm Sep 14, 2012 9:40pm
Quoting DaddyBear
I was not asking you about its long term impact but an immediate response to this news.
papa,

the emmidiate impact will be felt on sunday opening....it should rise...
unless we have china or euro bAD news....

thanks and Gnight,
G
Wooooohooooo or Boooooohooooo
  • #9,744
  • Sep 14, 2012 9:48pm Sep 14, 2012 9:48pm
Quoting gnomoneey
papa,

the emmidiate impact will be felt on sunday opening....it should rise...
unless we have china or euro bAD news....

thanks and Gnight,
G
Usually, China release good news during weekends. I don't worry about EU at this point. Have a nice weekend.
daddybearforex. com
  • #9,745
  • Sep 14, 2012 9:54pm Sep 14, 2012 9:54pm
Quoting DaddyBear
XE showed 1.05667. This is an after hour number. So, a gap is pretty much in the cards.
XE's new rate - 1.05695 in just 15 minutes. The jump occurred right after the market closed in a very thin volume. What could happen on Sunday open?
daddybearforex. com
  • #9,746
  • Sep 14, 2012 10:34pm Sep 14, 2012 10:34pm
Quoting doblece
Aussie doesn't respect much Pin Bars usually ... so it might try again to reach across the main weekly downtrend line.

Attachment

However, the symmetrical triangle isn't yet mature IMO for a break of the ranging period (it is at about 60% completion - though it might well look to make a double top at above 1.08 and even at the HH and so expand the range from a triangle to a horizontal channel.

Besides, IMO, this ranging has been consolidating 1.0260 as a higher "centerline" value for the currency pair (like parity level was...
Mama, I was preoccupied by a 5-wave triangle concept regarding current monthly consolidation until mid-August. Not anymore. I believe a 3-wave triangle is what the Aussie took. It is done. we have been on a new page since June 1. IMHO
daddybearforex. com
  • #9,747
  • Sep 14, 2012 10:50pm Sep 14, 2012 10:50pm
DB, oanda is showing me that price is currently below my broker's close. I don't get where you're seeing this jump from. (Maybe it went back down in the meantime?)
Play the players, not the cards.
  • #9,748
  • Sep 14, 2012 11:01pm Sep 14, 2012 11:01pm
Quoting DaddyBear
What I see now is that FOMC will move the Aussie up big time tomorrow. IMHO
This was posted on 09/12/12 before Ben announced the rate decision 20 hours later. Ben didn't call me about his plan. How did I see it? As I mentioned before, I looked at the blank space to the right side of current charts.

The reason why I brought this up is because there is a myth of message reading in our forum. I posted my views as to WHAT and HOW the Aussie will form its patterns. In the meantime, some people are thinking WHEN my "predictions" will be materialized based on certain preset time frames.

First, there is no prediction but only projection.

Second, Some people say that I kept talking about the same thing which didn't happen until after certain period. Eventually, it would happen so that I have had no achievements. I am not intended to get any credit or rewards for what I posted in our forum. My messages are only my opinions. Nothing more and nothing less.

Third, WHAT and HOW the Aussie will form its patterns are related to the bigger TFs for the purpose of strategy evaluations. WHEN my "predictions" will be materialized is an incorrect interpretation of my messages. My views cannot be applied to the daily short term scalping or even day trading.
daddybearforex. com
  • #9,749
  • Sep 14, 2012 11:04pm Sep 14, 2012 11:04pm
Quoting doblece
My views for next week:

Attachment

Doblece, are you saying 1.0500 first or 1.0700 first?
  • #9,750
  • Sep 14, 2012 11:07pm Sep 14, 2012 11:07pm
Quoting GnarlyPips
DB, oanda is showing me that price is currently below my broker's close. I don't get where you're seeing this jump from. (Maybe it went back down in the meantime?)
May be it dropped after I posted my message.
daddybearforex. com
  • #9,751
  • Sep 15, 2012 1:19am Sep 15, 2012 1:19am
Quoting chiknthief
I like to look for a 12 month extreme COT reading then start looking for a sell/buy signal. That time is NOW.
Hi Chiknthief ..... could you please tell me from where you get these neat COT charts?
  • #9,752
  • Edited 1:33am Sep 15, 2012 1:21am | Edited 1:33am
Quoting foxybunny
Doblece, are you saying 1.0500 first or 1.0700 first?
Despite the pin bar, I would say both have about the same chances to occur first, depending on sunday open PA.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd - daily resistance.png Size: 60 KB


I favor a correction to the 23.6 level though, given the rise has been practically non-stop from the successive breaks. The strong rejection at both the resistance level (former support in February, broken and retested as resistance in March) and very close to the monthly/weekly upper DTL, would allow some room for that retracement.

Unless it is a "fake" pin bar and bulls come back in force to break that level which is pretty much strong IMO.

Now, back to H1 which is the chart you're quoting, these are additional reasons that make me think we might revisit 1.0500 before rising further beyond the actual triangle as well as horizontal S/R barriers:

Attached Image (click to enlarge)
Click to Enlarge Name: audusd - h1 support.png Size: 58 KB
  • #9,753
  • Sep 15, 2012 9:29am Sep 15, 2012 9:29am
Rate update:

XE - 1.05655
MW - 1.05680
daddybearforex. com
  • #9,754
  • Sep 15, 2012 10:03am Sep 15, 2012 10:03am
AUD/USD Could Shoot To 1.20 Or Beyond, Says Citi

http://www.efxnews.com/story/9763/audusd-could-shoot-120-or-beyond-says-citi


Note: This is an old news - 02/02/12. But, there are something to look into still after QE3.
daddybearforex. com
  • #9,755
  • Sep 15, 2012 10:48am Sep 15, 2012 10:48am
Quoting doblece
Despite the pin bar, I would say both have about the same chances to occur first, depending on sunday open PA.

Attachment

I favor a correction to the 23.6 level though, given the rise has been practically non-stop from the successive breaks. The strong rejection at both the resistance level (former support in February, broken and retested as resistance in March) and very close to the monthly/weekly upper DTL, would allow some room for that retracement.

Unless it is a "fake" pin bar and bulls come back in force to break that level...
I think , this is very critical point of AU, Mastress
Attached Image (click to enlarge)
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  • #9,756
  • Sep 15, 2012 10:52am Sep 15, 2012 10:52am
Quoting bouble
I think , this is very critical point of AU, Mastress
And week ,
Attached Image (click to enlarge)
Click to Enlarge Name: test.gif Size: 28 KB
  • #9,757
  • Sep 15, 2012 10:59am Sep 15, 2012 10:59am
Hope lucky number is fibo 23.6
  • #9,758
  • Sep 15, 2012 12:07pm Sep 15, 2012 12:07pm
15m

Hope, gap down in Monday...
Attached Image (click to enlarge)
Click to Enlarge Name: test.gif Size: 20 KB
  • #9,759
  • Sep 15, 2012 12:21pm Sep 15, 2012 12:21pm
according to me
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 16 KB
  • #9,760
  • Sep 15, 2012 2:55pm Sep 15, 2012 2:55pm
Quoting bouble
15m

Hope, gap down in Monday...
If we hope... it will never happen. This pair is going to make higher highs this week for sure.
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