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AUD/USD

  • #54,081
  • Oct 16, 2012 4:46pm Oct 16, 2012 4:46pm
Quoting 4rextrader
U dont think it would happen before?
No, the US elections mean a lot..you hang onto your AJ longs since we never broke the 80.65 bud??
  • #54,082
  • Oct 16, 2012 4:47pm Oct 16, 2012 4:47pm
[quote=Compulsive;6104541]Only Time will tell

Out and licking my wounds
  • #54,083
  • Oct 16, 2012 4:47pm Oct 16, 2012 4:47pm
Quoting Wulfgar
No, the US elections mean a lot..you hang onto your AJ longs since we never broke the 80.65 bud??
Ya i still got them...so ill just hold on to them
  • #54,084
  • Oct 16, 2012 4:49pm Oct 16, 2012 4:49pm
Quoting 4rextrader
Ya i still got them...so ill just hold on to them
eyes on the 81.35/42 next.... just keep playing the ranges... mindful for the larger TF reversal patterns....
  • #54,085
  • Oct 16, 2012 4:56pm Oct 16, 2012 4:56pm
Quoting Wulfgar
eyes on the 81.35/42 next.... just keep playing the ranges... mindful for the larger TF reversal patterns....
I'm glad I closed out my shorts a few hours ago...

Took a big loss but would have been worse had I held on!
  • #54,086
  • Oct 16, 2012 4:58pm Oct 16, 2012 4:58pm
Quoting 100PipsADay
I'm glad I closed out my shorts a few hours ago...

Took a big loss but would have been worse had I held on!
Do you think it will reverse substantially sometime soon? Its been going up for awhile now with no decent retracement
  • #54,087
  • Oct 16, 2012 5:06pm Oct 16, 2012 5:06pm
Quoting 4rextrader
Do you think it will reverse substantially sometime soon? Its been going up for awhile now with no decent retracement
I am now leaning towards more upside potential all the way until elections. AUD just broke through some major resistance (1.0285) which should now act as support.

I will look to long AUD/JPY on the pullbacks as I see AUD now heading higher as well as USD/JPY. This seems to be the best move at this time.

Closed my EUR/AUD long for about 80 pips and will now look for an opportunity to short it.
  • #54,088
  • Oct 16, 2012 5:26pm Oct 16, 2012 5:26pm
Quoting 100PipsADay
I am now leaning towards more upside potential all the way until elections. AUD just broke through some major resistance (1.0285) which should now act as support.

I will look to long AUD/JPY on the pullbacks as I see AUD now heading higher as well as USD/JPY. This seems to be the best move at this time.

Closed my EUR/AUD long for about 80 pips and will now look for an opportunity to short it.
broke 1.03 but retreated now... needs to take it out before london again otherwise downside should be tested.
  • #54,089
  • Oct 16, 2012 5:41pm Oct 16, 2012 5:41pm
canada is in bad shape aswell lots of debt, huge deficit, ontario is in more debt per capita than california http://www.canadafreepress.com/index.php/article/48627
  • #54,090
  • Oct 16, 2012 5:42pm Oct 16, 2012 5:42pm
Quoting sidhujag
broke 1.03 but retreated now... needs to take it out before london again otherwise downside should be tested.
  • #54,091
  • Oct 16, 2012 5:49pm Oct 16, 2012 5:49pm
Quoting 100PipsADay
About to take it out I see...lol almost there
  • #54,092
  • Oct 16, 2012 5:58pm Oct 16, 2012 5:58pm
Don't go shorting this thing yet guys

It knifed right through major resistance after a major compressive bull flag....par shorts or its gonna be a pre Halloween bloodbath
  • #54,093
  • Oct 16, 2012 6:06pm Oct 16, 2012 6:06pm
Quoting 100PipsADay
I am now leaning towards more upside potential all the way until elections. AUD just broke through some major resistance (1.0285) which should now act as support.

I will look to long AUD/JPY on the pullbacks as I see AUD now heading higher as well as USD/JPY. This seems to be the best move at this time.

Closed my EUR/AUD long for about 80 pips and will now look for an opportunity to short it.
Plan to long EUR/JPY on pullback. If it breaks daily resistance around 103.50 might net thousand of pips.
  • #54,094
  • Oct 16, 2012 6:09pm Oct 16, 2012 6:09pm
Quoting staffpro
canada is in bad shape aswell lots of debt, huge deficit, ontario is in more debt per capita than california http://www.canadafreepress.com/index.php/article/48627
Yep. Good for U/CAD might see parity soon if Crude remains below $90.
  • #54,095
  • Oct 16, 2012 6:21pm Oct 16, 2012 6:21pm
Quoting Wulfgar
Don't go shorting this thing yet guys

It knifed right through major resistance after a major compressive bull flag....par shorts or its gonna be a pre Halloween bloodbath
I'm going to post a chart later tonight when I get back home to my computer. I'll show you certain pivots n waves that you can keep in mind when trading this pair.

I'm still on my long from 1.0230 taken Sunday.
Wooooohooooo or Boooooohooooo
  • #54,096
  • Oct 16, 2012 6:52pm Oct 16, 2012 6:52pm
Quoting Ken A
Plan to long EUR/JPY on pullback. If it breaks daily resistance around 103.50 might net thousand of pips.
This is exactly what I'm thinking...

Look at the USD/JPY weekly chart, already formed a nice round bottom. Couple that with the fundamentals and we could see a major reversal with JPY cross pairs!

I will look to long AUD/JPY for the time being and will add different cross pairs as we go.

This entire year the JPY should have been weakening, but I think they were waiting for the Eurozone crisis to "blow over" before setting up the bullrun on JPY cross pairs. In my opinion, it is starting now.
  • #54,097
  • Oct 16, 2012 7:00pm Oct 16, 2012 7:00pm
Quoting staffpro
canada is in bad shape aswell lots of debt, huge deficit, ontario is in more debt per capita than california http://www.canadafreepress.com/index.php/article/48627

Canada is fine... banks didnt lend to any tom dick and hairy that had a job.... and now even more strict... China might have an effect but overall its ok.. expecting to grow.
  • #54,098
  • Oct 16, 2012 7:00pm Oct 16, 2012 7:00pm
Quoting sidhujag
broke 1.03 but retreated now... needs to take it out before london again otherwise downside should be tested.
Done... strength proven.. entire market is up
  • #54,099
  • Oct 16, 2012 7:04pm Oct 16, 2012 7:04pm
Hopefully this is the start of a decent trend on this pair.
FF journal: Peaks and Troffs
  • #54,100
  • Oct 16, 2012 7:07pm Oct 16, 2012 7:07pm
Quoting sidhujag
Done... strength proven.. entire market is up
up up and away
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