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AUD/USD

  • #55,421
  • Oct 31, 2012 11:39pm Oct 31, 2012 11:39pm
Quoting Zircon
Some philosophy,
Shall your mind work with the harmony of the market .
You should love it ,to get his symphony.



Edit: I am not kidding
... i wonder do you see market being bullish??/ all i can see is this rally up is a pullback from the down we made from the top at 1.05 area...
for me to turn bullish on the AUDUSD is a break above that weekly trendline up top....
Attached Image (click to enlarge)
Click to Enlarge Name: audusd weekly (2).gif Size: 27 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #55,422
  • Oct 31, 2012 11:42pm Oct 31, 2012 11:42pm
could that be Symmetrical Triangle forming?


Quoting fxtyrant
... i wonder do you see market being bullish??/ all i can see is this rally up is a pullback from the down we made from the top at 1.05 area...
for me to turn bullish on the AUDUSD is a break above that weekly trendline up top....
Attachment
  • #55,423
  • Oct 31, 2012 11:44pm Oct 31, 2012 11:44pm
so I don't see that breaking soon. similarly huge offers at 1.0400 so that cannot break either. so trade in 50 pips as of now
  • #55,424
  • Oct 31, 2012 11:47pm Oct 31, 2012 11:47pm
Quoting Nachiket
I hope you understand there is something called helicopter ben who won't allow this to happen. he is much more powerful than shirakawa or draghi

I respectfully disagree. I actually expect quite the opposite. There was no stimulus after Katrina. In fact, the fed increased targets due to the disaster.

We must remember the fed is looking at unemployment numbers heavily as a primary incentive for the ongoing stimulus. As horrible as this storm was, the rebuilding efforts WILL stimulate the economy and create jobs. If Romney wins the presidency I expect even more efforts to stimulate employment.
  • #55,425
  • Oct 31, 2012 11:49pm Oct 31, 2012 11:49pm
Quoting Wulfgar
I respectfully disagree. I actually expect quite the opposite. There was no stimulus after Katrina. In fact, the fed increased targets due to the disaster.

We must remember the fed is looking at unemployment numbers heavily as a primary incentive for the ongoing stimulus. As horrible as this storm was, the rebuilding efforts WILL stimulate the economy and create jobs. If Romney wins the presidency I expect even more efforts to stimulate employment.
yes but with the reccent job cuts I don't expect the job number to be good for next 6 months atleast.
  • #55,426
  • Oct 31, 2012 11:58pm Oct 31, 2012 11:58pm
That's my view..is it broken??...anyone have opinions?
Attached Image (click to enlarge)
Click to Enlarge Name: ff.JPG Size: 52 KB
  • #55,427
  • Nov 1, 2012 12:00am Nov 1, 2012 12:00am
Quoting azmn396
That's my view..is it broken??...anyone have opinions?
Attachment
no volume its all pretty meaningless in here
  • #55,428
  • Nov 1, 2012 12:00am Nov 1, 2012 12:00am
Quoting Nachiket
yes but with the reccent job cuts I don't expect the job number to be good for next 6 months atleast.
Vote for Mitt!!
  • #55,429
  • Nov 1, 2012 12:01am Nov 1, 2012 12:01am
Quoting fxtyrant
... i wonder do you see market being bullish??/ all i can see is this rally up is a pullback from the down we made from the top at 1.05 area...
for me to turn bullish on the AUDUSD is a break above that weekly trendline up top....
Attachment
I agree with you completely.

A break of weekly trendline would be a very bullish sign - for now, a move down is more likely.
  • #55,430
  • Nov 1, 2012 12:03am Nov 1, 2012 12:03am
Quoting azmn396
That's my view..is it broken??...anyone have opinions?
Attachment
Don't do it.
FF journal: Peaks and Troffs
  • #55,431
  • Nov 1, 2012 12:05am Nov 1, 2012 12:05am
As much as we'd like to trade Nothing is happening. Keep your powder dry till there is an opportunity.
FF journal: Peaks and Troffs
  • #55,432
  • Nov 1, 2012 12:06am Nov 1, 2012 12:06am
Quoting maximmm
I agree with you completely.

A break of weekly trendline would be a very bullish sign - for now, a move down is more likely.
Why?
FF journal: Peaks and Troffs
  • #55,433
  • Nov 1, 2012 12:07am Nov 1, 2012 12:07am
Quoting bogus
Don't do it.
What do you mean by dont do it?...I don't understand??
  • #55,434
  • Nov 1, 2012 12:12am Nov 1, 2012 12:12am
Quoting bogus
Why?
Because we are at the top portion of the triangle - there is strong resistance at the top line, while strong support is significantly lower.
  • #55,435
  • Nov 1, 2012 12:12am Nov 1, 2012 12:12am
Quoting azmn396
What do you mean by dont do it?...I don't understand??
I'm just a simple retail trader who buys when price is going up, and sells when price is going down. It's doing neither. I don't guess where price is going to turn, I observe what happens when price reaches a level. we are in a triangle.
FF journal: Peaks and Troffs
  • #55,436
  • Nov 1, 2012 12:13am Nov 1, 2012 12:13am
Quoting azmn396
What do you mean by dont do it?...I don't understand??
azmn, that means "indicators don't work in AUD/xxx" , lol and it's true. So, better, don't do it, lol
I'll shop after the drop
  • #55,437
  • Nov 1, 2012 12:13am Nov 1, 2012 12:13am
Quoting maximmm
Because we are at the top portion of the triangle - there is strong resistance at the top line, while strong support is significantly lower.
But price is moving higher.....
FF journal: Peaks and Troffs
  • #55,438
  • Nov 1, 2012 12:21am Nov 1, 2012 12:21am
Morning all,
morning Z,
Wish you all a green month...
is this figure repertoried ?
Attached Image
Don't be smart. Be rich.
  • #55,439
  • Nov 1, 2012 12:26am Nov 1, 2012 12:26am
Quoting Wulfgar
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....


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
Im currently short as the last several 4 Hr bars have closed under the 73..the daily roll was right at 73... ASX and correlating indices are in risk off mode

I will look to add more short if/when the 49/51 is pierced... like always my trades are locked in @ BE quickly.


good luck guys
  • #55,440
  • Nov 1, 2012 12:33am Nov 1, 2012 12:33am
Breakout??
Attached Image (click to enlarge)
Click to Enlarge Name: audusd h4.gif Size: 26 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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