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  • #18,681
  • Dec 7, 2012 2:31pm Dec 7, 2012 2:31pm
Quoting HelloOz
can you support your sentence?
I don't think anyone can support any sort of projection at this point - there's no clear sign of reversal and there's no breach of 1.06 - thus, we are simply discussing ideas^^
  • #18,682
  • Dec 7, 2012 2:32pm Dec 7, 2012 2:32pm
Quoting HelloOz
can you support your sentence?
here you go.
Attached Image (click to enlarge)
Click to Enlarge Name: 201212061244_ScreenHunter_09 Dec. 06 12.33.gif Size: 41 KB
Good luck and may the odds be ever in your favor!
  • #18,683
  • Dec 7, 2012 2:34pm Dec 7, 2012 2:34pm
Quoting dbutton1990
here you go.
Your wave count stopped at C - seems like even your chart is saying that retraction is coming^^
  • #18,684
  • Dec 7, 2012 2:35pm Dec 7, 2012 2:35pm
Quoting maximmm
I don't think anyone can support any sort of projection at this point - there's no clear sign of reversal and there's no breach of 1.06 - thus, we are simply discussing ideas^^
1.10 is possible as there is a huge demand for AUD.
as long as aussie economy is on the right track, 1.10 is almost certain.

any hiccups or detour can make ausie fall..
if one central banks start selling AUD, others will follow and ..... domino effect..
  • #18,685
  • Dec 7, 2012 2:35pm Dec 7, 2012 2:35pm
Quoting HelloOz
what is ATR??
average?
Average true range
  • #18,686
  • Dec 7, 2012 2:36pm Dec 7, 2012 2:36pm
Quoting maximmm
Your wave count stopped at C - seems like even your chart is saying that retraction is coming^^
Nothing is absolute in the forex market. It's very possible a reversal could happen! It's just recognizing the opportunity and taking advantage of it! ^^
Good luck and may the odds be ever in your favor!
  • #18,687
  • Dec 7, 2012 2:43pm Dec 7, 2012 2:43pm
Quoting HelloOz
1.10 is possible as there is a huge demand for AUD.
as long as aussie economy is on the right track, 1.10 is almost certain.

any hiccups or detour can make ausie fall..
if one central banks start selling AUD, others will follow and ..... domino effect..
The swap is still very aggressive on this pair even after the .25bps cut, any solid daily close above 1.0625 & ill be looking to buy dips while I'm waiting for shorts to materialize at higher levels.
It works till it doesn't
  • #18,688
  • Dec 7, 2012 2:46pm Dec 7, 2012 2:46pm
Quoting DaEdge
Might be a short entry early next week.

http://i1356.photobucket.com/albums/...ps05d7579d.jpg
Daily close above supply area & I'm a buyer on dips, test & rejection of supply area & I'm a seller on the rally's.
It works till it doesn't
  • #18,689
  • Dec 7, 2012 2:56pm Dec 7, 2012 2:56pm
Quoting dbutton1990
I am long now. May see 1.05 before today's end
It could be tough to get to 1.05 this afternoon. In fact, a setback is in the cards. IMO
daddybearforex. com
  • #18,690
  • Dec 7, 2012 2:57pm Dec 7, 2012 2:57pm
Quoting Tim_isoara
Rocket for down?
MAXIM's homemade rocket.
daddybearforex. com
  • #18,691
  • Dec 7, 2012 2:59pm Dec 7, 2012 2:59pm
Quoting maximmm
for daily and possibly even weekly downtrend confirmation, I would like to see a 100 pip drop in the next 2 hours^^
Are you in your bed already? I thought Canada and the US are in the same time zones.
daddybearforex. com
  • #18,692
  • Dec 7, 2012 2:59pm Dec 7, 2012 2:59pm
Quoting DaEdge
The swap is still very aggressive on this pair even after the .25bps cut, any solid daily close above 1.0625 & ill be looking to buy dips while I'm waiting for shorts to materialize at higher levels.
I agree with buying above 1.06
  • #18,693
  • Dec 7, 2012 3:02pm Dec 7, 2012 3:02pm
Quoting joechien
and usually when the rocket hit the ground it will still make a crater...a place for bull to swim or sink maybe?
MAXIM's rocket is toxic to the Bulls.
daddybearforex. com
  • #18,694
  • Dec 7, 2012 3:09pm Dec 7, 2012 3:09pm
Quoting DaddyBear
MAXIM's rocket is toxic to the Bulls.
toxic enough to make the bulls powerless to climb up..lol
but still this week candle still unable to breach @488..my market already close and closed @488..don't know if gap will do in monday..but it's rest time for me at asia region..

see you all next week..have a nice weekend
  • #18,695
  • Dec 7, 2012 3:17pm Dec 7, 2012 3:17pm
OK, people, we have 40 more minutes to drive aud 100 pips lower!^^
  • #18,696
  • Dec 7, 2012 3:20pm Dec 7, 2012 3:20pm
Quoting maximmm
OK, people, we have 40 more minutes to drive aud 100 pips lower!^^
Just short a few yards & you'll get ur wish.
It works till it doesn't
  • #18,697
  • Dec 7, 2012 3:26pm Dec 7, 2012 3:26pm
Quoting DaEdge
Just short a few yards & you'll get ur wish.
I have shorted several miles - let's see what happens!^^
  • #18,698
  • Dec 7, 2012 3:27pm Dec 7, 2012 3:27pm
BTW, COT shows that longs in audusd pair keep growing. There should be a lot more stops below than above.
  • #18,699
  • Dec 7, 2012 3:35pm Dec 7, 2012 3:35pm
Quoting maximmm
BTW, COT shows that longs in audusd pair keep growing. There should be a lot more stops below than above.
Trying to make sense of those COT reports is tough the data is as of Tuesdays & there's a lot of repositioning that's done after Tuesday closer to the end of the week. Especially on a week like NFP announcement. Those stops below are generally great areas for longs. Markets have a habit of confirming traders ideas after there stop has been hit.
It works till it doesn't
  • #18,700
  • Dec 7, 2012 3:41pm Dec 7, 2012 3:41pm
chinese data tomorrow should create a gap up on sunday open.
Good luck and may the odds be ever in your favor!
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