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  • #11,021
  • Edited 3:33pm Oct 18, 2012 3:11pm | Edited 3:33pm
I believe some people from AUDUSD thread came over often to get some ideas then went back to post similar massages.
daddybearforex. com
  • #11,022
  • Oct 18, 2012 3:23pm Oct 18, 2012 3:23pm
I think you are right that Aud may put up a much bigger battle during the market off hours -
I find that it often drops during that time - and not when it actually should drop. This is why timing things with Aud is often a strenuous experience.

Kind of like JPY and GBP.
  • #11,023
  • Oct 18, 2012 3:25pm Oct 18, 2012 3:25pm
Quoting DaddyBear
The next battleground would be 1.0322. Bulls and bears will be fighting over during the slowest time of the day.

Before the closing bell, if any, some sizable move may be in the cards. IMO
The lack of the liquidity may make this move difficult to happen at this time of the day. If so, it shall continue after 5 PM EST. IMO
daddybearforex. com
  • #11,024
  • Oct 18, 2012 3:27pm Oct 18, 2012 3:27pm
Quoting maximmm
I think you are right that Aud may put up a much bigger battle during the market off hours -
I find that it often drops during that time - and not when it actually should drop. This is why timing things with Aud is often a strenuous experience.

Kind of like JPY and GBP.
I used to trade EURJPY. But, The pair is very volatile. As to USDJPY, it's like a dead man most time.
daddybearforex. com
  • #11,025
  • Oct 18, 2012 3:29pm Oct 18, 2012 3:29pm
Quoting DaddyBear
I used to trade EURJPY. But, The pair is very volatile. As to USDJPY, it's like a dead man most time.
The reason I like trading the Aussie because it has low spread, high liquidity and any news are not released after I go to bed.
daddybearforex. com
  • #11,026
  • Oct 18, 2012 3:30pm Oct 18, 2012 3:30pm
Quoting maximmm
I think you are right that Aud may put up a much bigger battle during the market off hours -
I find that it often drops during that time - and not when it actually should drop. This is why timing things with Aud is often a strenuous experience.

Kind of like JPY and GBP.
BTW, welcome aboard, maximmm.
daddybearforex. com
  • #11,027
  • Oct 18, 2012 3:33pm Oct 18, 2012 3:33pm
Quoting DaddyBear
I used to trade EURJPY. But, The pair is very volatile. As to USDJPY, it's like a dead man most time.
Thanks for the welcome.

As for Eurjpy - that one is interesting - it broke a 4 year downtrend line to the upside. I think big things are in store for that pair - a major move up - a couple of thousand pips in short order
  • #11,028
  • Oct 18, 2012 3:36pm Oct 18, 2012 3:36pm
Quoting maximmm
Thanks for the welcome.

As for Eurjpy - that one is interesting - it broke a 4 year downtrend line to the upside. I think big things are in store for that pair - a major move up - a couple of thousand pips in short order
Trading JPY pairs has a huge risk of BOJ intervention. EUR has got whole bunch of problems. I stay away from the pair now.
daddybearforex. com
  • #11,029
  • Oct 18, 2012 3:39pm Oct 18, 2012 3:39pm
50 pips from noontime. May be another 50 pips ahead tonight.
daddybearforex. com
  • #11,030
  • Oct 18, 2012 7:40pm Oct 18, 2012 7:40pm
its almost noon in Sydney...


Quoting DaddyBear
50 pips from noontime. May be another 50 pips ahead tonight.
  • #11,031
  • Oct 18, 2012 8:30pm Oct 18, 2012 8:30pm
I took a long trade early this morning at 1.0380 and very confident that it will hit my 1.0420 target.

I'm also confident that 1.0440 will be breached and should go to 1.06 level...
Wooooohooooo or Boooooohooooo
  • #11,032
  • Oct 18, 2012 8:41pm Oct 18, 2012 8:41pm
just keep this view as a reference of the waves that aud.usd will most likely achieve.....

whenever 1.08 or 0,96 is touched it is definite that it will touch the other side....
blue as big wave
pink as small wave
red as potential next big wave to 1.08

http://www.forexfactory.com/attachme...1&d=1350610586 (http://www.forexfactory.com/attachment.php?attachmentid=1061446&d=1350610586)
Wooooohooooo or Boooooohooooo
  • #11,033
  • Oct 18, 2012 8:50pm Oct 18, 2012 8:50pm
Quoting DaddyBear
Iro, can you post that TL?
Iro, this TL could be crucial based on the latest unfolded waves. I believe it is the bottom line. IMO
daddybearforex. com
  • #11,034
  • Oct 18, 2012 9:29pm Oct 18, 2012 9:29pm
Quoting DaddyBear
Trading JPY pairs has a huge risk of BOJ intervention. EUR has got whole bunch of problems. I stay away from the pair now.
Which is nice if you're long though, not that I think they'll intervene soon, as they do at the lows not now.
  • #11,035
  • Oct 19, 2012 1:23am Oct 19, 2012 1:23am

FUDGE
  • #11,036
  • Oct 19, 2012 10:10am Oct 19, 2012 10:10am
Quoting DaddyBear
The next battleground would be 1.0322. Bulls and bears will be fighting over during the slowest time of the day.

Before the closing bell, if any, some sizable move may be in the cards. IMO
The battle took place above 1.0322 and right below the TL. But, this is not the bottom yet. IMO
daddybearforex. com
  • #11,037
  • Oct 19, 2012 10:34am Oct 19, 2012 10:34am
Quoting DaddyBear
The battle took place above 1.0322 and right below the TL. But, this is not the bottom yet. IMO
The question now is whether or not 1.0322 is going to hold.
daddybearforex. com
  • #11,038
  • Oct 19, 2012 10:41am Oct 19, 2012 10:41am
Quoting DaddyBear
The question now is whether or not 1.0322 is going to hold.
I'd say probably not going to hold.
daddybearforex. com
  • #11,039
  • Oct 19, 2012 10:42am Oct 19, 2012 10:42am
Quoting Iro
Which is nice if you're long though, not that I think they'll intervene soon, as they do at the lows not now.
No. I am not long.
daddybearforex. com
  • #11,040
  • Oct 19, 2012 10:43am Oct 19, 2012 10:43am
Quoting Daytrader74

FUDGE

Why FUDGE? What flavor?
daddybearforex. com
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