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AUD/USD

  • #56,541
  • Nov 16, 2012 10:31am Nov 16, 2012 10:31am
Quoting TheMadMonk
On the bright side for you though, it is flattening out and the 50 is now above and falling.

I got no real idea what happens next. Will be looking for clues from the US afternoon session over the weekend. All that real estate below the 200 looks tempting but I'd be thinking it will want to at least take a look at this week's open first. A lot of technicals around there

Hope everyone had a profitable week. I'm back to work in a few hours so it's time to treat myself to some kip. Catch you 'round
Finally move below 1.03
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #56,542
  • Nov 16, 2012 10:34am Nov 16, 2012 10:34am
Quoting shoberrysho
finally. lets go
Yep!

1st Target: 1.015
2nd Target: 1.000
3rd Target: .98
4th Target: .96
  • #56,543
  • Nov 16, 2012 10:51am Nov 16, 2012 10:51am
Who the Fuc* is buying this BS that the White House is spilling about the resolution of the fiscal cliff???

Any way you cut it it's going to be bad for the economy... Meaning USD bullish.

Probably the "Plunge Protection Team" is doing this to keep the markets from crashing. LOL
  • #56,544
  • Nov 16, 2012 11:01am Nov 16, 2012 11:01am
Quoting 100PipsADay
Who the Fuc* is buying this BS that the White House is spilling about the resolution of the fiscal cliff???

Any way you cut it it's going to be bad for the economy... Meaning USD bullish.

Probably the "Plunge Protection Team" is doing this to keep the markets from crashing. LOL
thats quite a big move
  • #56,545
  • Nov 16, 2012 11:16am Nov 16, 2012 11:16am
Quoting shoberrysho
thats quite a big move
Yea, more than likely big boys trying to take out some of the retail shorts with the news driven momentum.

Didn't even make a new high on the 15 minute chart though... LOL

Smart Money knows the overall trend and right now it is pointing to the DOWN side.
  • #56,546
  • Nov 16, 2012 11:23am Nov 16, 2012 11:23am
Quoting 100PipsADay
Yea, more than likely big boys trying to take out some of the retail shorts with the news driven momentum.

Didn't even make a new high on the 15 minute chart though... LOL

Smart Money knows the overall trend and right now it is pointing to the DOWN side.
s&p and grain futures retraced their entire move so far today. pretty absurd. his comments remind me of greek hopium
Any prices quoted are futures
  • #56,547
  • Nov 16, 2012 11:27am Nov 16, 2012 11:27am
Quoting redteamgo
s&p and grain futures retraced their entire move so far today. pretty absurd. his comments remind me of greek hopium
Yea it is absurd that people think a quick "get together" solved our fiscal cliff issue...

News Junkies!
  • #56,548
  • Nov 16, 2012 11:54am Nov 16, 2012 11:54am
I would be looking to get long on this on Monday as well if it forms a doji on the daily. The reason being the bond redemption is over, sp is oversold, and its close to December for that Christmas rally....
  • #56,549
  • Nov 16, 2012 11:56am Nov 16, 2012 11:56am
id agree above they took me out but looking again to sunday and monday to long once more for a retrace back to the upper trendline resistance
  • #56,550
  • Nov 16, 2012 12:13pm Nov 16, 2012 12:13pm
I see 100 pips have become a big bear now lol. Why the change? Your audjpy position is doing well.

Plus the fiscal cliff thing is overrated imo after some initial jitters I have the utmost faith in congress to kick the can down the road just like last year.

Anyway have a nice weekend everyone!
  • #56,551
  • Nov 16, 2012 12:18pm Nov 16, 2012 12:18pm
Quoting Iro
I see 100 pips have become a big bear now lol. Why the big change? Your audjpy position is doing well.

Anyway have a nice weekend everyone!
Hi Iro!

Yes I am now bearish on most of the Majors now. Or I should say USD bullish. This is due to "fiscal cliff" problems as well as problems in Europe surfacing. Regardless of the outcome, even kicking the can down the road, will not be good for the US economy. Anything that isn't good for the US economy is bad for Global growth. Slowed global growth is bad for "risk on" currencies such as AUD and NZD. Also, important (in my opinion) Daily trend lines for most of the majors have broken and confirmed on Daily candles.

However, I am bullish on USD/JPY and even some of the cross pairs.

**I will always respect other trader's positions and analysis though regardless of which way I project the market is headed.**
  • #56,552
  • Nov 16, 2012 12:27pm Nov 16, 2012 12:27pm
Quoting 100PipsADay
Hi Iro!

Yes I am now bearish on most of the Majors now. Or I should say USD bullish. This is due to "fiscal cliff" problems as well as problems in Europe surfacing. Regardless of the outcome, even kicking the can down the road, will not be good for the US economy. Anything that isn't good for the US economy is bad for Global growth. Slowed global growth is bad for "risk on" currencies such as AUD and NZD. Also, important (in my opinion) Daily trend lines for most of the majors have broken and confirmed on Daily candles.

However, I am...
Long S&P coming up.. lets see if USD follows or is still not up to speed with equities
  • #56,553
  • Nov 16, 2012 12:29pm Nov 16, 2012 12:29pm
Quoting sidhujag
Long S&P coming up.. lets see if USD follows or is still not up to speed with equities

What is your target and time frame for US Equities?
  • #56,554
  • Nov 16, 2012 12:31pm Nov 16, 2012 12:31pm
Put the first 1/4 of long position on after being stopped out this morning. Looks like an exhaustive push before ending back in this channel for a possible break out higher on retest.

The fact that the speaker of the house and Obama spoke on actual negotiations (regardless how early) can really influence the markets perception on being overly bearish not to mention there are several charts including ES that have been oversold since Tuesday so seeing this last hour influx of buying can really help on Monday.

I think AUD is a nice short and I will continue to follw the fib walls but a retrace at least to 1.0380 is what I am looking for. I will wait for Sunday if we 0keep this base above 1..03
  • #56,555
  • Nov 16, 2012 12:38pm Nov 16, 2012 12:38pm
Quoting 100PipsADay
What is your target and time frame for US Equities?
1600 by first quarter 2013
  • #56,556
  • Nov 16, 2012 12:45pm Nov 16, 2012 12:45pm
Quoting sidhujag
1600 by first quarter 2013
Nice!

Take a look at this article and tell me what you think: http://www.dailywealth.com/2253/The-...rket-Indicator

Curious to hear your thoughts Jag.
  • #56,557
  • Nov 16, 2012 1:20pm Nov 16, 2012 1:20pm
IF we can close above the latest wave hi/lo (1.06238/1.0149) at 1.0330 that is the 61.8% fib retrace. I fully expect the 1.0309-1.03 area to be tested again and will place another buy order at this level based on an ABC retrace. But if we fail at this level and it closes below on daily the last retrace which happens to coincide with fib confluence area is the 1618% retrace where oversold would be more than extreme levels on RSI.
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  • #56,558
  • Nov 16, 2012 2:44pm Nov 16, 2012 2:44pm
Quoting jplazard
IF we can close above the latest wave hi/lo (1.06238/1.0149) at 1.0330 that is the 61.8% fib retrace. I fully expect the 1.0309-1.03 area to be tested again and will place another buy order at this level based on an ABC retrace. But if we fail at this level and it closes below on daily the last retrace which happens to coincide with fib confluence area is the 1618% retrace where oversold would be more than extreme levels on RSI.
Nice analysis..jplazard.... ugh long time..finally they stay together

Goodluck every 1 and have a great weekend..
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It's Designed and Balance
  • #56,559
  • Nov 16, 2012 3:08pm Nov 16, 2012 3:08pm
just got back... had a look at AUDUSD my oh my..... great comeback aussies...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #56,560
  • Nov 16, 2012 3:14pm Nov 16, 2012 3:14pm
Fx look to the confluence walls they are the new resistance also watch ES next week. We should test the upper trendline new resistance before the move lower. And now it's known that the RBA is intervening through passive sales of $a nothing crazy at the moment though. Ill be on skype if you want to chat Have a good one and others here also have a great weekend
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