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AUD/USD

  • #56,821
  • Nov 28, 2012 7:13pm Nov 28, 2012 7:13pm
Quoting Niranj
longer term how long ?

mines is scalp trade

hopefully it would hit my traget in 24 hours but for that it needs to come down quick and go below 1.0450.
approaching end of the month
  • #56,822
  • Nov 28, 2012 7:27pm Nov 28, 2012 7:27pm
Something big is brewing
Good luck and may the odds be ever in your favor!
  • #56,823
  • Nov 28, 2012 7:39pm Nov 28, 2012 7:39pm
Quoting 100PipsADay
Nice!

Anybody interested in trading AUD/JPY or any other JPY cross pair for that matter have a look at some of the following links I have archived:

This article was sent to me yesterday: http://sovereign-investor.com/2012/1...n-headed-down/


Here are a few articles which explain the fundamental problems that Japan is facing at this time.

http://sovereign-investor.com/2012/0...vernment-debt/

http://www.moneyandmarkets.com/why-t...e-49832?FIELD9

http://www.moneyandmarkets.com/sover...-of-pain-50310

http://sovereign-investor.com/2012/1...-will-decline/

http://www.marketwatch.com/Story/jap...rap-2012-11-01...

THANKS 100! holidays are coming, few hundred pips would be nice
  • #56,824
  • Nov 28, 2012 7:42pm Nov 28, 2012 7:42pm
Quoting 4rextrader
THANKS 100! holidays are coming, few hundred pips would be nice
Good stuff bro. Many thx
It works till it doesn't
  • #56,825
  • Nov 28, 2012 7:57pm Nov 28, 2012 7:57pm
Quoting 4rextrader
THANKS 100! holidays are coming, few hundred pips would be nice
You're welcome 4rextrader,

Just keep in mind, we did have a quick run up last week on USD/JPY and most other JPY cross pairs so expect some profit taking / consolidation for the rest of the week and possibly next week as well.

The above are fundamental reasons why JPY has and will keep weakening, use your own technical analysis to find entry and exit points.
  • #56,826
  • Nov 28, 2012 8:01pm Nov 28, 2012 8:01pm
Quoting 100PipsADay
You're welcome 4rextrader,

Just keep in mind, we did have a quick run up last week on USD/JPY and most other JPY cross pairs so expect some profit taking / consolidation for the rest of the week and possibly next week as well.

The above are fundamental reasons why JPY has and will keep weakening, use your own technical analysis to find entry and exit points.
100 thanks for the information. got a question for you, so I can learn how to figure it on my own in the near future. i understand the whole consolidation and profit taking theory that is going on right now, but how do you know and figure it would happen for at least the next week or two? Is their something I can look at it that would give me that sort of information or is that based on indicators like momentum and etc...

thanks bro
  • #56,827
  • Nov 28, 2012 8:04pm Nov 28, 2012 8:04pm
Quoting Willow
Guys, i don't have balls to buy this.
This is sso bearish on the monthly chart...
I just sit and watch your action.
I never beat the aussie because its so strong, but omg, this will go FAST @1.10-1.15 or fall like a rock @ 0.92 ... i mean fast, in 3-5 weeks.

omg
That 0.92 wouldn't be based on goldman's prediction for 2012 at the beginning of the year would it? I think westpac also have a similar prediction but I've haven't seen them get one prediction right not even once. Bank of America had a 1.10 forecast in the beginning of the year but they haven't published any more forecasts since then. I donno any bank that has any forecasts to 1.15.
  • #56,828
  • Nov 28, 2012 8:06pm Nov 28, 2012 8:06pm
well this pair is simply shit and I mean it. 1.0425 to 1.0480 and then back to 1.0455. wtf. you have to trade for only 50-60 pips in this pair and get out. don't think long term
  • #56,829
  • Nov 28, 2012 8:14pm Nov 28, 2012 8:14pm
Quoting Nachiket
well this pair is simply shit and I mean it. 1.0425 to 1.0480 and then back to 1.0455. wtf. you have to trade for only 50-60 pips in this pair and get out. don't think long term
great stayout look at volume it shouldnt be a surprise
  • #56,830
  • Nov 28, 2012 8:15pm Nov 28, 2012 8:15pm
Quoting knightpips
longer time frame 0.9800
hmm maybe
  • #56,831
  • Nov 28, 2012 8:15pm Nov 28, 2012 8:15pm
Quoting sidhujag
great stayout look at volume it shouldnt be a surprise
I will not stay out of this pair since it gives me 30 pips quickly but I think bull run is fading out. 1.0500 if not crossed this week. bears will attack this pair next week and I mean attack.
  • #56,832
  • Nov 28, 2012 8:21pm Nov 28, 2012 8:21pm
Quoting 4rextrader
100 thanks for the information. got a question for you, so I can learn how to figure it on my own in the near future. i understand the whole consolidation and profit taking theory that is going on right now, but how do you know and figure it would happen for at least the next week or two? Is their something I can look at it that would give me that sort of information or is that based on indicators like momentum and etc...

thanks bro

Hi 4rextrader,

I probably shouldn't have mentioned a time frame the way I did.

First of all I would look at the Weekly chart and see that 80.50 served as solid resistance for quite some time, now that we are above that it should serve as a pretty solid support and I don't expect USD/JPY to break this level.

Next, I look at my 20 EMA and 50 EMA on the Daily time frame and noticed that it has gone pretty far away (too fast) from the 50 EMA and should find its way back to it, or at least pretty close to it. Now, I notice that the 50 EMA will be at the 80.50 level early next week, therefore, price should move somewhere close to it. Confluence between major support and 50 EMA.

This is not an exact science, just how I came to the conclusion for this particular pair at this particular time. There is also a good possibility that it won't even go down to 80.50...
  • #56,833
  • Nov 28, 2012 8:28pm Nov 28, 2012 8:28pm
Quoting Nachiket
I will not stay out of this pair since it gives me 30 pips quickly but I think bull run is fading out. 1.0500 if not crossed this week. bears will attack this pair next week and I mean attack.
my inner bear sense hasnt kicked in yet 1.05 would a single tingle for me lol
  • #56,834
  • Nov 28, 2012 8:37pm Nov 28, 2012 8:37pm
Quoting Nachiket
well this pair is simply shit and I mean it. 1.0425 to 1.0480 and then back to 1.0455. wtf. you have to trade for only 50-60 pips in this pair and get out. don't think long term
That depends, my dad had a tiny $1000 position in since early 2003 and gradually pyramided in since then. Now the position is like 40k with 10k something in interest! I'm hoping to do the same with the small position I've had since june.

I'll plan to keep it for 5+ years until China goes off the US treasuries buying binge and before the Africans gets their economies in order and become commodities blocs too.
  • #56,835
  • Nov 28, 2012 8:42pm Nov 28, 2012 8:42pm
Leaps and bounds in $A demand

http://afr.com/p/business/chanticlee...Rfsqe3EaZHka2O
  • #56,836
  • Nov 28, 2012 8:43pm Nov 28, 2012 8:43pm
Quoting 100PipsADay
You're welcome 4rextrader,

Just keep in mind, we did have a quick run up last week on USD/JPY and most other JPY cross pairs so expect some profit taking / consolidation for the rest of the week and possibly next week as well.

The above are fundamental reasons why JPY has and will keep weakening, use your own technical analysis to find entry and exit points.
i am expecting gb/jpy to fall to 1.3105 and further. what you think as you know more about jpy?
  • #56,837
  • Nov 28, 2012 8:45pm Nov 28, 2012 8:45pm
Quoting sidhujag
my inner bear sense hasnt kicked in yet 1.05 would a single tingle for me lol
i am expecting it to fall to 1.0455 region sooner or later. what you think?
  • #56,838
  • Nov 28, 2012 8:53pm Nov 28, 2012 8:53pm
Quoting Niranj
i am expecting gb/jpy to fall to 1.3105 and further. what you think as you know more about jpy?
Yea definitely, this could hit as soon as tonight if there is any downward movement in GBP/USD and/or USD/JPY during London / NY sessions.

Not sure if this would be a good spot to buy though, keep an eye on price action. GBP does respect round numbers more than most other pairs though so you might be alright.

I'm thinking a solid long term buy for GBP/JPY would be around 130.00 or so.
  • #56,839
  • Nov 28, 2012 9:00pm Nov 28, 2012 9:00pm
Quoting 100PipsADay
Yea definitely, this could hit as soon as tonight if there is any downward movement in GBP/USD and/or USD/JPY during London / NY sessions.

Not sure if this would be a good spot to buy though, keep an eye on price action. GBP does respect round numbers more than most other pairs though so you might be alright.

I'm thinking a solid long term buy for GBP/JPY would be around 130.00 or so.
For that i will consider 1.2980-90 if not then 1.29-20 i.e 50% fib level but wont see that level before next week thou 1.30 is very possible
  • #56,840
  • Nov 28, 2012 9:03pm Nov 28, 2012 9:03pm
Quoting Niranj
For that i will consider 1.2980-90 if not then 1.29-20 i.e 50% fib level but wont see that level before next week thou 1.30 is very possible
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