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AUD/USD

  • #54,961
  • Oct 26, 2012 9:30am Oct 26, 2012 9:30am
Quoting Zircon
Nice week end guys.
Leaving so soon??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #54,962
  • Oct 26, 2012 9:33am Oct 26, 2012 9:33am
http://i50.tinypic.com/hwhi1i.jpg

We have eyes yet we do not see. When our eyes are opened, we saw what was always right there in front of us. It is "hidden in plain sight." I have talking about 88.6% for the whole of this week. Once i know the "what", it becomes that much easier to find the "where."

http://i46.tinypic.com/15x9u83.png

88.6% as a trading strategy, when utilised with other trading tools, should yield profitable results over time. Below is a screenshot of another 88.6% on the AUDUSD 1hr chart.

http://i46.tinypic.com/n54l6p.png

Do not ignore this simple trading system. Plot the FIBO retracement levels IN ADVANCE. When the markets makes a high and a low, preferably on a larger timeframe such as the 1hr or more, put in the FIBO levels immediately. Then watch what prices do when it retraces to the FIBO levels. If the FIBO levels coincide with previous major support and resistance levels, this gives double confirmation. This should give the trader extra confidence that the trade will be profitable.
  • #54,963
  • Oct 26, 2012 9:38am Oct 26, 2012 9:38am
Quoting fxtyrant
U think? I think not.... Trendlind still respected
TL is hand making, you do not like candles,or it is not your mode trading,i can see this bulls again you know what, i bought at the close of last day, and i am in profit now.
If your trading style is same of mine we can discuss.

Today is party in my country, i shall be with my kids and family.


GL
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #54,964
  • Oct 26, 2012 9:40am Oct 26, 2012 9:40am
Quoting fxtyrant
U think? I think not.... Trendlind still respected
hey kid what happened to 180!!! lol
  • #54,965
  • Oct 26, 2012 9:42am Oct 26, 2012 9:42am
Quoting sidhujag
hey kid what happened to 180!!! lol
Didnt enter, didnt bother, didnt want to over leverage as i have a trade entered near it already.... But we'll see come next week....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #54,966
  • Oct 26, 2012 9:45am Oct 26, 2012 9:45am
Quoting Iro
Like I said how is the Fed going to hike rates with the multi trillion debt? Its fine if your country is running a surplus and you want to control inflation. But when you're running the biggest deficit in the world and you can't even pay off the interest at next to 0 without running into a fiscal cliff. Its not going to happen. The choices the USA currently faced with is either a) finance debt with more debt and pass the buck to the next generation b) continue printing money to inflate their way out of debt (this is what they're currently going...
u didnt read the link nvm u wont get it
  • #54,967
  • Oct 26, 2012 9:45am Oct 26, 2012 9:45am
Quoting ForexMGames
http://i50.tinypic.com/hwhi1i.jpg

We have eyes yet we do not see. When our eyes are opened, we saw what was always right there in front of us. It is "hidden in plain sight." I have talking about 88.6% for the whole of this week. Once i know the "what", it becomes that much easier to find the "where."

http://i46.tinypic.com/15x9u83.png

88.6% as a trading strategy, when utilised with other trading tools, should yield profitable results over time. Below is a screenshot of another 88.6% on the AUDUSD 1hr chart.

http://i46.tinypic.com/n54l6p.png

Do...
Nice chart, never noticed this myself but it seems 1.04 is like 1.25 of eurusd a few months back.
  • #54,968
  • Oct 26, 2012 10:01am Oct 26, 2012 10:01am
Quoting Iro
Nice chart, never noticed this myself but it seems 1.04 is like 1.25 of eurusd a few months back.
Seems like it too. When prices reach a certain price, it tends to produce strong demand or supply from the market. Either from banks buying/selling on behalf of their customers, large corporations repartriation or hedge fund speculating.
  • #54,969
  • Oct 26, 2012 10:04am Oct 26, 2012 10:04am
Quoting ForexMGames
Seems like it too. When prices reach a certain price, it tends to produce strong demand or supply from the market. Either from banks buying/selling on behalf of their customers, large corporations repartriation or hedge fund speculating.
Omg! Well said, someone with brains!! Thk god!! So does trend line brw
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #54,970
  • Oct 26, 2012 10:09am Oct 26, 2012 10:09am
Quoting fxtyrant
Omg! Well said, someone with brains!! Thk god!! So does trend line brw
If forex is an ocean, then we are the shrimps and seahorses. We follow the whales, sharks, mantra rays whenever they go. Where they go, they leave their footprints. The charts are the evidence of their footprints.
  • #54,971
  • Edited 10:35am Oct 26, 2012 10:13am | Edited 10:35am
Quoting sidhujag
u didnt read the link nvm u wont get it
I scanned through it before. The article was like hopes and dreams rather than how to do it. I literally loled when the article refereed to Siri the next generation of AI hehe.

I summed up the article as to why the US will become an export economy:

a) Robots we'll invent in the future (we'll only deploy them in the motherland too pinky swears!)
b) US companies will voluntarily move jobs back to the US out of the goodness of their hearts
c) Shale gas (never mind Australia already has a ton and are closer to the asian markets, ditto with Russia)
d) As Chinese get richer they'll be sure to buy American goods! (because we got mad marketing skills)

Doesn't exactly give a whole lot of confidence in the idea.
  • #54,972
  • Oct 26, 2012 11:27am Oct 26, 2012 11:27am
Quoting Iro
I scanned through it before. The article was like hopes and dreams rather than how to do it. I literally loled when the article refereed to Siri the next generation of AI hehe.

I summed up the article as to why the US will become an export economy:

a) Robots we'll invent in the future (we'll only deploy them in the motherland too pinky swears!)
b) US companies will voluntarily move jobs back to the US out of the goodness of their hearts
c) Shale gas (never mind Australia already has a ton and are closer to the asian markets, ditto with...
check a few of my other posts i posted even without reading the article.. Check out the one about quantum particles qubits. Ppl with closed minds wont see whats coming..
  • #54,973
  • Oct 26, 2012 11:29am Oct 26, 2012 11:29am
Yo sidhu, why gold no closing above daily ema 55 yolo
Answer: becuz it heading to ema200
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #54,974
  • Oct 26, 2012 11:31am Oct 26, 2012 11:31am
Quoting fxtyrant
Omg! Well said, someone with brains!! Thk god!! So does trend line brw
forget it take ur hit here. Gold made a hh near
upthrust area. Proved you wrong again. I said ll will lead to your target but it didnt happen yet. London will rally it again on monday. Au is in good shape green news and china ticked up so expecting to rise still bears pussied out. Even the day where bears stepped in thats all they could do the real money is on bull side ny and london instead of asia.
  • #54,975
  • Oct 26, 2012 11:33am Oct 26, 2012 11:33am
Quoting fxtyrant
Yo sidhu, why gold no closing above daily ema 55 yolo
Answer: becuz it heading to ema200
its toying with u. its hanging around the top thats a
hint... Higher high is all it needed for now. Its a bull until this time mon
  • #54,976
  • Oct 26, 2012 11:35am Oct 26, 2012 11:35am
Quoting sidhujag
forget it take ur hit here. Gold made a hh near
upthrust area. Proved you wrong again. I said ll will lead to your target but it didnt happen yet. London will rally it again on monday. Au is in good shape green news and china ticked up so expecting to rise still bears pussied out. Even the day where bears stepped in thats all they could do the real money is on bull side ny and london instead of asia.
I aint taking no hit sheesh gold still failed to close above ema55 so still no momentum for gold to fly.... Stop telling me to take a hit and shit bro... The damn trendline on audusd at tops we tested again today proved to be Toooo hard for audusd to break.... Besides read the news, not gona take long now for the news to hit the datas... Audusd is gona give in to gravity soon.... And gravity pulls down
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #54,977
  • Oct 26, 2012 11:44am Oct 26, 2012 11:44am
Quoting fxtyrant
I aint taking no hit sheesh gold still failed to close above ema55 so still no momentum for gold to fly.... Stop telling me to take a hit and shit bro... The damn trendline on audusd at tops we tested again today proved to be Toooo hard for audusd to break.... Besides read the news, not gona take long now for the news to hit the datas... Audusd is gona give in to gravity soon.... And gravity pulls down
ok also if u wanna see real divergence
check out h4 gold
  • #54,978
  • Oct 26, 2012 11:45am Oct 26, 2012 11:45am
Its not a coincidence that AUD/USD is trading below Oct Cut still and that we are at this range going into RBA NOV. I see this purely as consolidation channel going into the next meeting and we most likely will keep this range below 50% till that day comes.

This market has failed sooo many times on the top end with the fib confluence areas and the bottom end. We have yet to close above the 50% retrace from the latest move down so until we do that than right now the bears and bulls can fight for this range I will be looking for a continued breakdown in Nov or I will be wrong if we break 1.0440 as that is the last area of confluence walls
Attached Image (click to enlarge)
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  • #54,979
  • Oct 26, 2012 11:49am Oct 26, 2012 11:49am
Quoting jplazard
Its not a coincidence that AUD/USD is trading below Oct Cut still and that we are at this range going into RBA NOV. I see this purely as consolidation channel going into the next meeting and we most likely will keep this range below 50% till that day comes.

This market has failed sooo many times on the top end with the fib confluence areas and the bottom end. We have yet to close above the 50% retrace from the latest move down so until we do that than right now the bears and bulls can fight for this range I will be looking for a continued breakdown...
on the flip side dont forget about your w1 usdx analysis.
  • #54,980
  • Oct 26, 2012 11:57am Oct 26, 2012 11:57am
80.185 was the last thrust lower daily open. We have peirced that and might close above it. If we dont than yes very much so that opens the door to a continued range where we see dollar index go back down to the lower levels.

If ES can recover EOD today and start off Sunday night with some bid than a dollar retrace can come in. Although going into NOV RBA where the cut argument has been drawn back a bit its hard to bid up the market or tank it before when now its essentially a coin flip.

AUD/USD this week rose with DX on a direct basis but I agree with you 100% say Dollar closes below on WKLY from the last thrust low open than yes it most likely will come down, as for AUD/USD because of the PA action this week its tough to tell if it will do an inverse move relative to the dollar
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-26-TOS_CHARTS.jpg Size: 167 KB
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