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  • #17,741
  • Dec 3, 2012 8:39pm Dec 3, 2012 8:39pm
in regards to PA - I believe a retest of 1.0455 is likely next

After that... either aud will crash (though a triple top may be in the cards, thus another move down and then retest of 1.0460) or a breach of 1.0460 and a move higher to 1.0480.
  • #17,742
  • Dec 3, 2012 8:40pm Dec 3, 2012 8:40pm
err... unless aud will crash now without a retest of 1.0460^^
  • #17,743
  • Dec 3, 2012 8:40pm Dec 3, 2012 8:40pm
Quoting maximmm
what happened to mama?
After Venezuela election couple months ago, she disappeared. She posted one time later. May be Hugo Chavez does not like Forex traders.

This is not gossip.
daddybearforex. com
  • #17,744
  • Dec 3, 2012 8:41pm Dec 3, 2012 8:41pm
Quoting maximmm
in regards to PA - I believe a retest of 1.0455 is likely next

After that... either aud will crash (though a triple top may be in the cards, thus another move down and then retest of 1.0460) or a breach of 1.0460 and a move higher to 1.0480.
Once is enough. The Aussie baby is tired.
daddybearforex. com
  • #17,745
  • Dec 3, 2012 8:41pm Dec 3, 2012 8:41pm
Closed long with 20 pips. Opened short. Tp is 1.0371
Good luck and may the odds be ever in your favor!
  • #17,746
  • Dec 3, 2012 8:42pm Dec 3, 2012 8:42pm
The markets reaction to this cut is not surprising at all, I really can't see any serious down moves in this pair until the fiscal cliff nonsense is out of the way. Liquidity seems really low & shorting dull markets is very dangerous.
It works till it doesn't
  • #17,747
  • Dec 3, 2012 8:42pm Dec 3, 2012 8:42pm
Below is the daily chart updated for the levels seen since the Friday's review:

Interestingly enough daily pinbar for the Monday session is now already at a 1:1 risk:reward scenario if traded on the 50% retracement, I like to trade those pins at confluence in the direction of the major trend (monthly pivots, divergence, trend analysis, support/resistance).

http://2.bp.blogspot.com/-2NW9EuoleX...+04+audusd.gif

I love when the tail's tip is well below the pivot or a major resistance, in this case that place is below December's central Pivot and below the 4 Hourly 200 EMA!
  • #17,748
  • Dec 3, 2012 8:43pm Dec 3, 2012 8:43pm
Quoting dbutton1990
Closed long with 20 pips. Opened short. Tp is 1.0371
Good move! I am talking about 20 pips.
daddybearforex. com
  • #17,749
  • Dec 3, 2012 8:44pm Dec 3, 2012 8:44pm
Audusd will die later, .. to the hell. under 1.000 sure... near future... gold will go down 167x -164x then thinking this level.. after that.. may be... test again 152x.... ha ha. Only big word: SHORT.
  • #17,750
  • Dec 3, 2012 8:45pm Dec 3, 2012 8:45pm
I closed 1/3 of my shorts and placed additional sell orders at 1.0455
  • #17,751
  • Dec 3, 2012 8:47pm Dec 3, 2012 8:47pm
Quoting DaddyBear
Good move! I am talking about 20 pips.
are you sure? not "drop your pants" move?
  • #17,752
  • Dec 3, 2012 8:50pm Dec 3, 2012 8:50pm
Quoting maximmm
I closed 1/3 of my shorts and placed additional sell orders at 1.0455
M5 Bollinger Bands suggests the daily top was set so far. IMO

Your sell order may be filled when the Aussie moves up again and passes 1.0455 this week.
daddybearforex. com
  • #17,753
  • Dec 3, 2012 8:53pm Dec 3, 2012 8:53pm
Quoting HelloOz
are you sure? not "drop your pants" move?
You see some people anticipated a drop to 1.035x or lower but it managed to knock out 1.0450 you questioned earlier.
daddybearforex. com
  • #17,754
  • Dec 3, 2012 8:55pm Dec 3, 2012 8:55pm
hangman
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  • #17,755
  • Dec 3, 2012 8:56pm Dec 3, 2012 8:56pm
Quoting DaddyBear
You see some people anticipated a drop to 1.035x or lower but it managed to knock out 1.0450 you questioned earlier.
but it didnt close above that..
  • #17,756
  • Dec 3, 2012 8:57pm Dec 3, 2012 8:57pm
Quoting DaddyBear
M5 Bollinger Bands suggests the daily top was set so far. IMO

Your sell order may be filled when the Aussie moves up again and passes 1.0455 this week.
huh? It will get filled, especially if aud goes even higher^^
  • #17,757
  • Dec 3, 2012 9:01pm Dec 3, 2012 9:01pm
Quoting DaEdge
The markets reaction to this cut is not surprising at all, I really can't see any serious down moves in this pair until the fiscal cliff nonsense is out of the way. Liquidity seems really low & shorting dull markets is very dangerous.
This fiscal cliff crisis is really just an extension of the 2011 debt ceiling crisis, which was a fiasco. The crisis started much earlier but things really became strained at the end of May. For more information see: http://en.wikipedia.org/wiki/Debt_ceiling_crisis#Timeline

It is interesting to see what the aud:usd did during this time? Take a look at the chart. Will the democrats and republicans come to terms before the Jan 1, 2013 deadline? Will history repeat itself?

Happy Trades,
fxstir
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  • #17,758
  • Dec 3, 2012 9:03pm Dec 3, 2012 9:03pm
Quoting Stretch
....................

0488
0480.2 - 0481.5
0464.2 - 0465.9 - 0469.6
0455.8
0447.6
0439.5


0414.7 --> is 0416 probably now.
0405.2
0400.3
0395.7

It also pierced the downward channel, so if it closes above 0439.5 it would also close above channel.
If it does that it might/probably retest the channel UpperTL somewhere 0432-0438, just watch the closes what happens with the retest, hold/break.
It closed above the channel Trendline. But below the 0439.5 level. So it still can go both ways in the next H1, but probably next H1 is red.

Edit: Strike that. Green is very likely too. so indecisive.
  • #17,759
  • Dec 3, 2012 9:07pm Dec 3, 2012 9:07pm
Look into H4 again. I think the Aussie is not done yet. In fact the China Express has crossed the border. We are in Mongolia now.
daddybearforex. com
  • #17,760
  • Dec 3, 2012 9:08pm Dec 3, 2012 9:08pm
Quoting HelloOz
hangman
Bull Flag.

http://www.forexfactory.com/attachme...1&d=1352515367
daddybearforex. com
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