Aussie Trading Room and Cartoons Gallery | Page 844 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Cartoons and Pics 2,832 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: Aussie Trading Room and Cartoons Gallery
Exit Attachments

Aussie Trading Room and Cartoons Gallery

  • #16,861
  • Nov 29, 2012 4:36pm Nov 29, 2012 4:36pm
low liquidity friday - here we are again
we could see extreme moves which will make absolutely no sense in hindsight. On Friday, you can erase all trendlines and forget about any other indicator^^
  • #16,862
  • Nov 29, 2012 4:41pm Nov 29, 2012 4:41pm
looking at the weekly candle - ideally, aud will either move down or stand as it is for a nice little doji - indicating a reversal of the uptrend and signaling a big move down next week (on rate cut).

I wonder if 1.05 is in the cards after all.

Then again, it is equally possible that the positive news from China this weekend will cause aud to skyrocket on Monday to 1.05 and then violently reverse with the rate cut.
  • #16,863
  • Nov 29, 2012 4:42pm Nov 29, 2012 4:42pm
The lower TFs are bullish now. H1 is getting ready to run.
daddybearforex. com
  • #16,864
  • Nov 29, 2012 4:43pm Nov 29, 2012 4:43pm
Quoting maximmm
looking at the weekly candle - ideally, aud will either move down or stand as it is for a nice little doji - indicating a reversal of the uptrend and signaling a big move down next week (on rate cut).

I wonder if 1.05 is in the cards after all.

Then again, it is equally possible that the positive news from China this weekend will cause aud to skyrocket on Monday to 1.05 and then violently reverse with the rate cut.
tbh i dont think its in the card,
im expecting ausie to fall after touching 1.0445
  • #16,865
  • Nov 29, 2012 4:44pm Nov 29, 2012 4:44pm
Quoting maximmm
looking at the weekly candle - ideally, aud will either move down or stand as it is for a nice little doji - indicating a reversal of the uptrend and signaling a big move down next week (on rate cut).

I wonder if 1.05 is in the cards after all.

Then again, it is equally possible that the positive news from China this weekend will cause aud to skyrocket on Monday to 1.05 and then violently reverse with the rate cut.
1.05 has been reserved for the Aussie baby for a few weeks. She is going to take her prize soon.
daddybearforex. com
  • #16,866
  • Nov 29, 2012 4:47pm Nov 29, 2012 4:47pm
Quoting DaddyBear
IMO 0439 will be broken sooner than later. Why would you like it to stay below 0439?
Well as long it takes to reach my targets
0400 0405 0415 and maybe 0382

But indeed nice test, almost to the pipette. That test was 0439.4 at my feed my lvl 0439.5
A H1 close below 0426.9 would be nice now.
  • #16,867
  • Nov 29, 2012 4:48pm Nov 29, 2012 4:48pm
Quoting DaddyBear
1.05 has been reserved for the Aussie baby for a few weeks. She is going to take her prize soon.
I wonder about that.... I suspect it won't see it until the rate decision. BTW, I'm not entirely sure that there will be a rate cut - if there is none, a move much higher than 1.05 is expected - yet, if the rate is cut, 1.05 will be reserved for a long, long time - after a test of 1.015 or perhaps even 0.98
  • #16,868
  • Nov 29, 2012 4:48pm Nov 29, 2012 4:48pm
Quoting DaddyBear
1.05 has been reserved for the Aussie baby for a few weeks. She is going to take her prize soon.
Define soon please? The next 8 hours? Next 24 hours? Next week?
Do you think the low/bottom is in now until 1.05 is reached?
  • #16,869
  • Nov 29, 2012 4:50pm Nov 29, 2012 4:50pm
Quoting HelloOz
tbh i dont think its in the card,
im expecting ausie to fall after touching 1.0445
I agree that it's very unlikely - looked at the broken trendline - it won't reach 1.05 till Wednesday or so, next week. Rate decision is on Tuesday.
  • #16,870
  • Nov 29, 2012 4:51pm Nov 29, 2012 4:51pm
Quoting maximmm
low liquidity friday - here we are again
we could see extreme moves which will make absolutely no sense in hindsight. On Friday, you can erase all trendlines and forget about any other indicator^^
Except for levels I hope hahaha. But yes sometimes it gets ridiculous. Ow yeah it's friday already in Australia, sometimes forget that. 09:51 atm right?
  • #16,871
  • Nov 29, 2012 4:54pm Nov 29, 2012 4:54pm
Quoting Stretch
Define soon please? The next 8 hours? Next 24 hours? Next week?
Do you think the low/bottom is in now until 1.05 is reached?
When looking at the daily, I believe such a move is imminent. Could be before rate cut.
daddybearforex. com
  • #16,872
  • Nov 29, 2012 4:55pm Nov 29, 2012 4:55pm
Quoting Stretch
Except for levels I hope hahaha. But yes sometimes it gets ridiculous. Ow yeah it's friday already in Australia, sometimes forget that. 09:51 atm right?
yes.. 5mins to 10am
  • #16,873
  • Nov 29, 2012 4:56pm Nov 29, 2012 4:56pm
What are the odds that we'll see an expanding triangle formed with the use of broken trendline and the support at 1.04?

Could be one of those days - then again, it's Friday - expect the unexpected.

One thing to note, these days usd always drops on Fridays because of fear of Spain bailout (the threat will always exist) or a major breakthrough in the fiscal cliff negotiations during the weekend.
One untimely word from some parliament official and Aud could skyrocket during the low liquidity Friday.

Another thing is the economic release from China this weekend, these tend to be positive these days, and that might give the market something to cling on.
  • #16,874
  • Nov 29, 2012 4:56pm Nov 29, 2012 4:56pm
Quoting DaddyBear
When looking at the daily, I believe such a move is imminent. Could be before rate cut.
no way jose.
  • #16,875
  • Nov 29, 2012 4:56pm Nov 29, 2012 4:56pm
Quoting DaddyBear
When looking at the daily, I believe such a move is imminent. Could be before rate cut.
Some people are waiting for 1.0410 +/-. They may get what they want or may not.
daddybearforex. com
  • #16,876
  • Nov 29, 2012 4:57pm Nov 29, 2012 4:57pm
Quoting HelloOz
no way jose.
Why? your rationales?
daddybearforex. com
  • #16,877
  • Nov 29, 2012 4:59pm Nov 29, 2012 4:59pm
Quoting HelloOz
no way jose.
What do you see in this daily chart?

http://www.forexfactory.com/attachme...1&d=1354228325
daddybearforex. com
  • #16,878
  • Nov 29, 2012 5:00pm Nov 29, 2012 5:00pm
Quoting DaddyBear
Some people are waiting for 1.0410 +/-. They may get what they want or may not.
I hope so. I will settle with that number! H1 close just now looks promising, but I don't know if it's enough to get us there.
  • #16,879
  • Nov 29, 2012 5:02pm Nov 29, 2012 5:02pm
Quoting DaddyBear
Why? your rationales?
after reading your post for a second time,
you are right, 1.05 will be hit before rate cut..
because RBA has to do something if ausie go above 1.05
  • #16,880
  • Nov 29, 2012 5:06pm Nov 29, 2012 5:06pm
,
Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd_positiontrade24.jpg Size: 85 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
24 traders viewing now