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AUD/USD

  • #56,001
  • Nov 7, 2012 7:31pm Nov 7, 2012 7:31pm
Quoting eqshack
yeah they did something.Looks nice uh ? anyways whats ur target audusd?if u dont mind me askin.
im long 1.0419 SL 1.0390 TP 1.0550 i think she even might try to make triple top 1.0600 area

I dont really have a number target bro... I just play channel to channel until I get a signal to bail

next up here is the 0433/0443.. then we head back to the 51/58... then the 69/79... then the 90/98.... 0514/0529 is a BIG one...

Ill scale in as we continue the moves...

just keep an eye on PA and the significance of the numbers, market sentiment, one eye on the news....

0613 is within reach BUT the 0514/0529 has gotta have a clean break
  • #56,002
  • Nov 7, 2012 7:35pm Nov 7, 2012 7:35pm
Quoting Wulfgar
Finally Big Nasty is taking off....

been building this position for 23 days...

http://clip2net.com/s/2tODf
you are definitely a professional trader. amazing. well done!
As Above, So Below
  • #56,003
  • Nov 7, 2012 7:40pm Nov 7, 2012 7:40pm
Labour market by State


Attached Image
  • #56,004
  • Nov 7, 2012 7:41pm Nov 7, 2012 7:41pm
Quoting Wulfgar
Finally Big Nasty is taking off....

been building this position for 23 days...

http://clip2net.com/s/2tODf
WD, I wouldn't of been ballsy enough to continue pyramiding with that head and shoulders pattern developing.
  • #56,005
  • Nov 7, 2012 7:47pm Nov 7, 2012 7:47pm
Quoting Iro
WD, I wouldn't of been ballsy enough to continue pyramiding with that head and shoulders pattern developing.
there are hundreds of patterns, and if you believe in them, it is impossible to trade. there is always a pattern, it is everywhere all the time.
As Above, So Below
  • #56,006
  • Nov 7, 2012 7:49pm Nov 7, 2012 7:49pm
Quoting Iro
WD, I wouldn't of been ballsy enough to continue pyramiding with that head and shoulders pattern developing.
most H&S patterns actually fail... this trade had weekly/monthly tech and fundamental backing... I actually have been building it up and tearing off parts of it for awhile... if anyone remembers i had this position built and took off almost all of it save my deepest position the first time we hit 2695..... waited for the deep pullback and then reloaded heavy over the past 3 days one I got a signal
  • #56,007
  • Nov 7, 2012 8:33pm Nov 7, 2012 8:33pm
Good jobs number and all it manages is a 10 pip rise during AUDUSD active hours?? Im not impressed.... Seems topping out
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #56,008
  • Nov 7, 2012 8:40pm Nov 7, 2012 8:40pm
Quoting fxtyrant
Good jobs number and all it manages is a 10 pip rise during AUDUSD active hours?? Im not impressed.... Seems topping out
check your charts. it has rallied 40 pips from the lows of the day. now consolidating before next upmove. I think you should get this out of
your head that aussie is bearish. it is not any more. RBA will be on hold now till aussie reaches 1.06-1.07
  • #56,009
  • Nov 7, 2012 8:47pm Nov 7, 2012 8:47pm
Quoting Nachiket
check your charts. it has rallied 40 pips from the lows of the day. now consolidating before next upmove. I think you should get this out of
your head that aussie is bearish. it is not any more. RBA will be on hold now till aussie reaches 1.06-1.07
Dont tell me what to do nachiket, besides yes 40 pip from the lows but daily chart says momentum is favoring the bears at these levels.... Perhaps wise to look at the daily PA, all the move up did is to cover the body of the candle of yesterdays drop, usually a sign of a retest before the big drop, besides, lower high on the daily... I wonder wt the london boys'll do to the aussie today
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #56,010
  • Nov 7, 2012 8:53pm Nov 7, 2012 8:53pm
Just a chart
Attached Image (click to enlarge)
Click to Enlarge Name: qaz.gif Size: 28 KB
FF journal: Peaks and Troffs
  • #56,011
  • Nov 7, 2012 9:06pm Nov 7, 2012 9:06pm
Quoting fxtyrant
Dont tell me what to do nachiket, besides yes 40 pip from the lows but daily chart says momentum is favoring the bears at these levels.... Perhaps wise to look at the daily PA, all the move up did is to cover the body of the candle of yesterdays drop, usually a sign of a retest before the big drop, besides, lower high on the daily... I wonder wt the london boys'll do to the aussie today
I have not told you what to do. check my post properly. You are way too arrogant I feel sometimes.
  • #56,012
  • Nov 7, 2012 9:10pm Nov 7, 2012 9:10pm
Quoting Nachiket
I have not told you what to do. check my post properly. You are way too arrogant I feel sometimes.
dont mind him dude... he wants the market to do what he feels instead of taking it as it is. He's not a bull until hes in deep water at 1.05 then its too late to take a position
  • #56,013
  • Nov 7, 2012 9:10pm Nov 7, 2012 9:10pm
Quoting Nachiket
I have not told you what to do. check my post properly. You are way too arrogant I feel sometimes.
You told me to get the the bearish stance out of my head buddy.... And ive said countless times, on weekly chart under that 1.0550 area where the bearish weeky trendline is, as long as we're below, i stay my course being a bear.
Its not a matter of arrogance or not, it is more to do with sticking to my analysis and trading my own plan.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #56,014
  • Nov 7, 2012 9:11pm Nov 7, 2012 9:11pm
going to bed - That employment data wasn't bullish enough to sustain a rally. of course I could be wrong - still short
  • #56,015
  • Nov 7, 2012 9:21pm Nov 7, 2012 9:21pm
Quoting fxtyrant
You told me to get the the bearish stance out of my head buddy.... And ive said countless times, on weekly chart under that 1.0550 area where the bearish weeky trendline is, as long as we're below, i stay my course being a bear.
Its not a matter of arrogance or not, it is more to do with sticking to my analysis and trading my own plan.
look aud/usd has unfinished target of 1.06 that is where the weekly edge. thats where rba will intervene is what I think. once the market turns bullish all these weekly wedges and all matter a lot. yesterday correction did not bring the aussie down more than 20 pips on weekly close. intraday yes around 60 pips
  • #56,016
  • Nov 7, 2012 9:30pm Nov 7, 2012 9:30pm
Quoting Nachiket
look aud/usd has unfinished target of 1.06 that is where the weekly edge. thats where rba will intervene is what I think. once the market turns bullish all these weekly wedges and all matter a lot. yesterday correction did not bring the aussie down more than 20 pips on weekly close. intraday yes around 60 pips
We'll see... Something ive learnt is that trendlines do indicate where the buyers and sellers are... But one thing to keep in mind, it doesnt have to be around that weekly bearish trendline to see a reversal... Reversals could happen early, reasons why i keep building shorts on rally.... Cuz we're not far from that trendline and that theres chance we may never reach it if reversal does come early
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #56,017
  • Nov 7, 2012 9:53pm Nov 7, 2012 9:53pm
Sl triggered -50$
  • #56,018
  • Nov 7, 2012 9:57pm Nov 7, 2012 9:57pm
Quoting Brocklesnar
Sl triggered -50$
Sorry to hear, better luck next time
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #56,019
  • Nov 7, 2012 9:58pm Nov 7, 2012 9:58pm
attracting buyers @1.0400.
  • #56,020
  • Nov 7, 2012 10:00pm Nov 7, 2012 10:00pm
EUR/USD is about to break a MAJOR support at 1.275. This support has been pretty significant, so once it breaks it will fall hard!

S&P 500 now sitting at major weekly TL. DOW has already broken through it's weekly TL.

NZD/USD looks like it might break Daily TL from June 1st!

GBP/USD is currently sitting BELOW it's weekly uptrend that started July 12...


All in all, I am now more bearish then I've been for quite some time. Looking to me like a major sell off is about to occur with majors and US equities.

Definitely USD BULLISH right now.

**I'm still not sure how this will affect my EUR/AUD and GBP/AUD shorts. Thinking EUR will fall harder then the other pairs as the Euro Zone crisis is now going to be in the spot light once again, especially now that elections are over. Looks like Mr. Market is not pleased that Obama is in the Oval office once again...

This week's close should confirm all of the above. However, we might be in for quite a bit of downside movement as far as equities and majors go this week based on what I'm seeing from the charts.
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