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AUD/USD

  • #52,461
  • Sep 16, 2012 7:37pm Sep 16, 2012 7:37pm
Quoting KillerWhale
First we need to go to 1.0435
All signs are beautimus
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #52,462
  • Sep 16, 2012 7:43pm Sep 16, 2012 7:43pm
Possible support @1.0518, however price action moving pretty quickly.
Approaching 23 Fib level from low of 6th sept to high on friday 15th sept.
  • #52,463
  • Sep 16, 2012 9:55pm Sep 16, 2012 9:55pm
Nothing real new to say here at current session this is mostly profit taking and thin volume. We are testing the upper trend line and I suspect if we break lower than we will see a full fill of Bernake's Announcement and from there we bounce back..

I am still waiting for Minutes myself on better direction.

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  • #52,464
  • Sep 16, 2012 10:23pm Sep 16, 2012 10:23pm
Looks like a bounce and mixed Risk-Off sentiment.
  • #52,465
  • Sep 17, 2012 12:21am Sep 17, 2012 12:21am
Trendline is holding so far I don't expect too many fireworks for the next several hours most Likely NY open will get us kick started one way or the other
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  • #52,466
  • Edited 2:18am Sep 17, 2012 1:40am | Edited 2:18am
3rd test on the middle upward trend line. If you look at the daily and the 4H, the previous high we just had made a new high concerning the previous time this level was met back in early August. However, price did not close above the previous highest open/close at the previously mentioned level. This pattern is quite frequent on the daily and the 4H.

If you're confused, refer to this post.

Quote
It all depends on how it closes for the week.
Even the weekly bar hasn't closed above the early August candles.

Also, flag? Edit: I mean the couple newest candles, not the line to line move.

1H, not 4H like the filename would suggest.
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Play the players, not the cards.
  • #52,467
  • Sep 17, 2012 2:34am Sep 17, 2012 2:34am
Quoting GnarlyPips
3rd test on the middle upward trend line. If you look at the daily and the 4H, the previous high we just had made a new high concerning the previous time this level was met back in early August. However, price did not close above the previous highest open/close at the previously mentioned level. This pattern is quite frequent on the daily and the 4H.

If you're confused, refer to this post.

Even the weekly bar hasn't closed above the early August candles.

Also, flag?...
That's how I've got mine drawn too. Stopped out for b.e on an earlier short. I'd like to see a test of the lower trend line in conjunction with the 1.05 support level.
FF journal: Peaks and Troffs
  • #52,468
  • Sep 17, 2012 7:14am Sep 17, 2012 7:14am
What is the "fix"?

AUSSIE: Gets an added press down to $1.0498 into the 1200GMT fix with a
US investment house linked to the move. Rate begins to recover post
fix, currently trading around $1.0510.
just speculating
  • #52,469
  • Sep 17, 2012 7:35am Sep 17, 2012 7:35am
it looks like its starting to consolidate on the daily, any opinions on that?
  • #52,470
  • Sep 17, 2012 7:56am Sep 17, 2012 7:56am
Finding support on trendline whether it will hold, time will tell.
  • #52,471
  • Sep 17, 2012 8:04am Sep 17, 2012 8:04am
Quoting eauyong
What is the "fix"?

AUSSIE: Gets an added press down to $1.0498 into the 1200GMT fix with a
US investment house linked to the move. Rate begins to recover post
fix, currently trading around $1.0510.
Could you kindly please explain this.
Do you see any further downward action to 1.049
Without God we are nothing
  • #52,472
  • Sep 17, 2012 8:06am Sep 17, 2012 8:06am
Quoting eauyong
What is the "fix"?

AUSSIE: Gets an added press down to $1.0498 into the 1200GMT fix with a
US investment house linked to the move. Rate begins to recover post
fix, currently trading around $1.0510.
FYI

Fixing: A preset time of day when bids and offers are aggregated and cleared at a published price. Popular fixings are the “ECB fix” at 12:15 GMT and the London fixing at 16:00 GMT. Fixings are used primarily by asset managers. They have a fiduciary responsibility to get their clients the best possible execution and the thinking is the fixing price is the most transparent of the day. The benchmark price is published by the WM Company.
  • #52,473
  • Sep 17, 2012 8:11am Sep 17, 2012 8:11am
Quoting Balmain Boy
FYI

Fixing: A preset time of day when bids and offers are aggregated and cleared at a published price. Popular fixings are the “ECB fix” at 12:15 GMT and the London fixing at 16:00 GMT. Fixings are used primarily by asset managers. They have a fiduciary responsibility to get their clients the best possible execution and the thinking is the fixing price is the most transparent of the day. The benchmark price is published by the WM Company.
Ah thank you very much, i've just been schooled *light bulb moment*
Without God we are nothing
  • #52,474
  • Sep 17, 2012 10:51am Sep 17, 2012 10:51am
Last week alone we moved 3% so its not uncommon to see some profits come off the table. I suspect like posted earlier that the Bernake fill will be here soon and from thre Monetary minutes will give a bounce unless they mention again about Interest rate sensitive sectors/high rate rhetoric we could see further move downward where I will add to the short not take it off.

http://www.forexfactory.com/showthre...54#post6016954
  • #52,475
  • Sep 17, 2012 11:49am Sep 17, 2012 11:49am
Yawn.... TP at 1.0420
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We live in a finite world with infinite possibilities.
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  • #52,476
  • Sep 17, 2012 12:39pm Sep 17, 2012 12:39pm
Quoting jplazard
Last week alone we moved 3% so its not uncommon to see some profits come off the table. I suspect like posted earlier that the Bernake fill will be here soon and from thre Monetary minutes will give a bounce unless they mention again about Interest rate sensitive sectors/high rate rhetoric we could see further move downward where I will add to the short not take it off.

http://www.forexfactory.com/showthre...54#post6016954
Jplazard... When you say the Bernake fill will be here soon, what does that mean?

Thanks. :nerd:
Luck has no place in trading. Leave that for the poker table.
  • #52,477
  • Sep 17, 2012 1:07pm Sep 17, 2012 1:07pm
Quoting bogus
That's how I've got mine drawn too. Stopped out for b.e on an earlier short. I'd like to see a test of the lower trend line in conjunction with the 1.05 support level.

Looks like you got to see what you wanted. Nice call. That little flag also came around, that was nice, too.

Update for the hourly. There's just one extra line and the recent downward line has been fixed. The two H-lines that are pips away from each other will provide a good amount of supply/support. We could see price test the downward line, yet it may not close below the bottom of the two H-lines.
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Play the players, not the cards.
  • #52,478
  • Sep 17, 2012 1:14pm Sep 17, 2012 1:14pm
Last weeks spike on Thursday due to 40Bil open ended QE.. People are taking pofits from that spike. This might be buy the rumor sell the news type event but it's to early to tell.
  • #52,479
  • Sep 17, 2012 1:22pm Sep 17, 2012 1:22pm
1.0440-1.0445 is where I will look to be flat and we should see a bounce from there. Unless RBA signals issues we should retest higher again as most of this selloff was Profit taking.
  • #52,480
  • Sep 17, 2012 1:25pm Sep 17, 2012 1:25pm
Quoting jplazard
1.0440-1.0445 is where I will look to be flat and we should see a bounce from there. Unless RBA signals issues we should retest higher again as most of this selloff was Profit taking.

They sure took a lot of profit taking!! Plus Japan had a banking holiday along with Malaysia. I don't think they have had their turn to take their profits yet.
Luck has no place in trading. Leave that for the poker table.
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