Attachments: AUD/USD

AUD/USD

#55,321
Oct 31, 2012 12:14am Oct 31, 2012 12:14am

100PipsADay
| Commercial User | Joined May 2012 | 3,285 Posts

Quoting Nachiket

Disliked

how abt a gbp/usd short now bguguen

Ignored

Coming up to the D1 down trend so could play out nicely to short GBP/USD.

However, look at the triangle, it's getting ready for a major break out! Could go either way...

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#55,322
Oct 31, 2012 12:18am Oct 31, 2012 12:18am

sidhujag
Joined Apr 2009 | Status: Non-Member | 4,719 Posts

Quoting 100PipsADay

Disliked

Coming up to the D1 down trend so could play out nicely to short GBP/USD.

However, look at the triangle, it's getting ready for a major break out! Could go either way...

Ignored

that pattern looks like accumulation for a spike.

Distribution usually happens on flat tops or rises similar to the pattern we see over last month but just reversed with higher highs.

However i see a bearish case if it made a higher high with that last major swing up on the weekly. Usually price stalls right before the resistance before a solid spike up.. If it broke resistance
then stalls it could be bearish. The pa bear
has not been convincing so maybe a new high to sell into is in order.

Certaintly dont see a case to sell here or buy in case another low comes. Its
flat for me

#55,323
Oct 31, 2012 12:24am Oct 31, 2012 12:24am

fxtyrant
Joined Jan 2010 | Status: Trader | 10,268 Posts

Quoting Nachiket

Disliked

how abt a gbp/usd short now bguguen

Ignored

im already in short GBPUSD.... the GBPUSD is pretty strange pair to trade if you ask me... but i recently entered a EURUSD short... for 40 pips only.... im a bit wary of the fact EURGBP may bounce... but it may make a 2nd attempt before the up move on EURGBP/....

We live in a finite world with infinite possibilities.

FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%

#55,324
Oct 31, 2012 12:27am Oct 31, 2012 12:27am

100PipsADay
| Commercial User | Joined May 2012 | 3,285 Posts

Quoting sidhujag

Disliked

that pattern looks like accumulation for a spike.

Distribution usually happens on flat tops or rises similar to the pattern we see over last month but just reversed with higher highs.

However i see a bearish case if it made a higher high with that last major swing up on the weekly. Usually price stalls right before the resistance before a solid spike up.. If it broke resistance
then stalls it could be bearish. The pa bear
has not been convincing so maybe a new high to sell into is in order.

Certaintly dont see a case to sell here or...

Ignored

I agree with this considering the fact that the uptrend shown is actually a "Weekly" uptrend. I say GBP/USD will see 1.63 again. This is basically in confluence with my thoughts on AUD/USD reaching 1.05 as well.

#55,325
Edited 5:55pm Oct 31, 2012 12:33am | Edited 5:55pm

Balmain Boy
| Joined Jan 2012 | Status: Trader | 254 Posts

Quoting kentashiburo

Disliked

Balmain,

Kindly let me pick a veteran's brain if you don't mind..

Besides the interest rate, what would you recommend as news trading event that would yield a sizable move?

Thanks

Ignored

During the Australian business day , in terms of importance , you could bracket this into 3 distinct groups ; Essential , Potential and Irrelevant .

Essential .
Unemployment Rate
CPI
GDP
Chinese GDP
Chinese Manufacturing PMI (both HSBC & NBS)

Potential
RBA Minutes
RBA SoMP
Trade Balance
Retail Sales
Chinese : CPI , Trade Balance and Industrial Production .

Irrelevant
PPI
New Motor Vehicle Sales
Building Permits (Approvals) and anything Construction related .
Home Loans
Private Sector Credit
New Home Sales .
Chinese PPI
Conference Board Leading index .
All other Indexes released by various financial institutions with the exception of Westpac's Consumer Confidence which can cause the odd blip or two .

#55,326
Oct 31, 2012 12:34am Oct 31, 2012 12:34am

Wulfgar
Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts

Quoting Wulfgar

Disliked

Careful with that my friend.... strong momentum bar gashed through some critical areas without a whole lot of pullback.... keep a close eye on that 0373... if that gives we got a pretty open run to the 85/96 area

the hour needs to close and start trading below the 60 for a bit to get this party started to the downside... trigger for loading shorts on pullbacks is a break of the 49

Ignored

posted this 21 hours ago.... High went right into the 89

never broke the 49(low was 51)

73 is still pivotal and due to its significance a 4HR close under that level is needed to start selling rallies onthis pair....

Immediately to the top we have the 0396/0410 which is still strong, a break of that gives us a run to the 0432/0443

We know the downside levels...

thin volume due to Sandy

be prepared for a roller derby tonight and through NY my friends. End of the month flows, hurricane damages, massive insurance claims leading to repatriation of USDs, general risk off sentiment may abound

Trade safe guys

Wulf

#55,327
Oct 31, 2012 3:08am Oct 31, 2012 3:08am

bogus
Joined Mar 2007 | Status: Symbol | 2,788 Posts

I got out of e/a shorts for a loss of 5 pips. Still long on a/u, but not the most inspiring PA. It's moving up now, but it's not decisive. Ugly. I'll see how it moves around the swing at 1.0390 and make a decision whether to get out or not.

FF journal: Peaks and Troffs

#55,328
Oct 31, 2012 3:14am Oct 31, 2012 3:14am

maximinus
| Joined May 2010 | Status: Non Member | 2,751 Posts

Hello all,
100pips how are your AJ now ?

Don't be smart. Be rich.

#55,329
Oct 31, 2012 3:15am Oct 31, 2012 3:15am

100PipsADay
| Commercial User | Joined May 2012 | 3,285 Posts

This is the 3rd time in 2 weeks that price is attacking the 1.039 - 1.04 area. Just a little more momentum and the 1.04 will break!

I'm expecting this to happen within 2 hours at this rate. Time will tell...

Good luck and trade safe

#55,330
Oct 31, 2012 3:18am Oct 31, 2012 3:18am

100PipsADay
| Commercial User | Joined May 2012 | 3,285 Posts

Quoting maximinus

Disliked

Hello all,
100pips how are your AJ now ?

Ignored

Looking good. Thank God I use large SL and TP parameters otherwise I would have been stopped out due to BOJ press conference!

Hahaha. Still targeting 88.00 area for the mid-term

#55,331
Oct 31, 2012 3:22am Oct 31, 2012 3:22am

maximinus
| Joined May 2010 | Status: Non Member | 2,751 Posts

You'll get at least 84.00 in the short term.
I'm furious because I missed my entry in GY this morning, I refused to pay the spread, now I'm pay cash my stinginess :-(

Don't be smart. Be rich.

#55,332
Oct 31, 2012 3:29am Oct 31, 2012 3:29am

100PipsADay
| Commercial User | Joined May 2012 | 3,285 Posts

Quoting maximinus

Disliked

You'll get at least 84.00 in the short term.
I'm furious because I missed my entry in GY this morning, I refused to pay the spread, now I'm pay cash my stinginess :-(

Ignored

I will take partial profit at 83.45 as this area has proved to be pretty solid resistance for the second half of 2012.

No worries, there will be plenty more opportunities.

#55,333
Oct 31, 2012 3:55am Oct 31, 2012 3:55am

jezek5
| Joined Apr 2010 | Status: 888 | 1,664 Posts

Quoting jezek5

Disliked

Dear "pessimistic bulls" and "optimistic bears"
thank you so much for giving me my entry level.
Lots of love Jez.xx

Added at .0305 already a free trade.

Ignored

Closed in full at 0385. for 80.
Don't like end of month flows.
Still holding long from 0253,stop at 0320.

You can remain irrational longer than you can remain solvent.

#55,334
Oct 31, 2012 5:32am Oct 31, 2012 5:32am

100PipsADay
| Commercial User | Joined May 2012 | 3,285 Posts

Just posted the following over in my thread but wanted to share it with the rest of you folks.

Hey Everybody,

I wanted to bring the following to your attention. If you have been following this thread then you will have read about Japan's current situation and the need for a weaker Yen.

I, along with many other analysts, believe that a long term trend reversal in regards to the JPY is in the making and it is literally right around the corner.

The articles above do an excellent job explaining the fundamental reasons why the JPY should / will weaken in the very near future and I am going to post a few charts for the technical reasons why JPY is about to weaken.

Weekly JPY Charts Include: USD/JPY, EUR/JPY, GBP/JPY, & CAD/JPY

**It is important to remember that US elections are coming up next week so it might be wise to wait until after elections before planning entry points assuming weekly trend lines are broken and confirmed. Also, wait for a Weekly close above TL's before looking for buy opportunities with JPY cross pairs.

Good luck to everybody and be sure to trade safe!

Regards,
100PipsADay

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