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  • #27,621
  • Feb 14, 2013 4:38pm Feb 14, 2013 4:38pm
Quoting DaddyBear
FYI, this is the channel I believe to be correct IMO.
PRO DB MASTER!
  • #27,622
  • Feb 14, 2013 4:40pm Feb 14, 2013 4:40pm
Quoting DaddyBear
Tomorrow is Day 1 of G20 Meetings. Markets could be volatile. Usually, Friday afternoon is quite most of the time. But, G20 may stir up human herd mentality in the markets.
they said they are not going to talk about currency..
do you believe them?
  • #27,623
  • Feb 14, 2013 4:42pm Feb 14, 2013 4:42pm
BANG!
http://fx2.it-finance.com/FXStreetFl...dad74f6f1e.png

Quoting HelloOz
Agree,
i am seeing move up from here..

M15 Chart,
http://fx2.it-finance.com/FXStreetFl...3e51cee0b1.png
  • #27,624
  • Feb 14, 2013 4:44pm Feb 14, 2013 4:44pm
Quoting John Gray
If it doubt, buy the AUD

Youll win in the end, + Swap
True.

But i prefer selling AUD to buying.. dont know why.. i must be mental
  • #27,625
  • Feb 14, 2013 4:48pm Feb 14, 2013 4:48pm
I would like to see the aud revisit 1.031 as I have a short back there to get rid of. I am quite sure that currencies will be high on the chat list at the G20
Quoting HelloOz
Agree,
i am seeing move up from here..

M15 Chart,
http://fx2.it-finance.com/FXStreetFl...3e51cee0b1.png
  • #27,626
  • Feb 14, 2013 4:52pm Feb 14, 2013 4:52pm
Quoting arcticwolf
I would like to see the aud revisit 1.031 as I have a short back there to get rid of. I am quite sure that currencies will be high on the chat list at the G20
i would normally short on this PA, but i think we may see 38 today..
or even 41 if this POS gone wild
  • #27,627
  • Feb 14, 2013 4:54pm Feb 14, 2013 4:54pm
Quoting arcticwolf
I would like to see the aud revisit 1.031 as I have a short back there to get rid of. I am quite sure that currencies will be high on the chat list at the G20
Russia wants to head off a global currency war by pushing policy makers to make stronger commitments against exchange-rate manipulation as Group of 20 officials search for common ground in Moscow this week.



The G-20 should have more “specific” language opposing exchange-rate interference in the communique that will be issued after the two-day talks among finance chiefs that end Feb. 16, Russian Finance Minister Anton Siluanov (http://search.bloomberg.com/search?q=Anton%20Siluanov&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:S:d1&partialfields=-wnnis:NOAVSYND&lr=-lang_ja) said yesterday. Russia holds the G-20’s rotating presidency this year.



“The G-20 countries have always held the position that currency policy should be based on market conditions,” Siluanov said in an interview yesterday with Bloomberg Television. “I think we should take a more specific stance on this.”
  • #27,628
  • Feb 14, 2013 5:14pm Feb 14, 2013 5:14pm
the euro is loosing ground and I think that is helping to drive the aud up
Quoting HelloOz
i would normally short on this PA, but i think we may see 38 today..
or even 41 if this POS gone wild
  • #27,629
  • Feb 14, 2013 6:01pm Feb 14, 2013 6:01pm
BOOM!
http://fx2.it-finance.com/FXStreetFl...908a45da8b.png
Quoting HelloOz
BANG!
http://fx2.it-finance.com/FXStreetFl...dad74f6f1e.png
  • #27,630
  • Feb 14, 2013 6:02pm Feb 14, 2013 6:02pm
Quoting HelloOz
i would normally short on this PA, but i think we may see 38 today..
or even 41 if this POS gone wild
  • #27,631
  • Feb 14, 2013 7:06pm Feb 14, 2013 7:06pm
Quoting Mr. Scott
I understand your channel, but Sinyk is not the only one who is using this channel.


http://www.fxtimes.com/technical-updates/audusd-at-falling-channel-resistance/

http://www.fxtimes.com/wp-content/up...02142013h4.gif
BTW, this is not a channel but an expanding diagonal.
daddybearforex. com
  • #27,632
  • Feb 14, 2013 7:11pm Feb 14, 2013 7:11pm
update M15

http://fx2.it-finance.com/FXStreetFl...4c5a6be78a.png
Quoting HelloOz
Agree,
i am seeing move up from here..

M15 Chart,
http://fx2.it-finance.com/FXStreetFl...3e51cee0b1.png
  • #27,633
  • Feb 14, 2013 7:27pm Feb 14, 2013 7:27pm
I want to stay with the buy theme and that nice 15min channel is proceeding nicely, however I want to see a 4hr close at least above the downward tl.

Not hopeful at this stage so I will make my target on my long a bit more conservative.

1.0385 here we come?
  • #27,634
  • Feb 14, 2013 7:49pm Feb 14, 2013 7:49pm
Thanks for the advice, guys.

@ DB - I've taken a good look at the FX Times chart that matched mine and I reckon you might be right. I re-drew it with the channel where you thought it should be and it looks symmetrical. It also matches up better with the sideways/flat trading we've been seeing since 13/02 ~ 1700 (AEST).

With regards to excessive chart complexity; My trading plan is to target longer trends of 1-2 weeks so I've been looking for an entry point for that (worst. timing. ever.) over the last couple of days. I'm mainly using MA, RSI and Fib on the 4hr chart to make decisions. The Stoch and AO are mainly there because I'm trying to learn how to use them better / at all.

I'm still short from .03300 and planning to close it out win, lose or draw before the weekend.
  • #27,635
  • Feb 14, 2013 8:02pm Feb 14, 2013 8:02pm
Quoting DaddyBear
BTW, this is not a channel but an expanding diagonal.
your chart looks like it have the potential to reach 1.0457, once fundamental risk starts to hide itself again. Since it has been consolidating its recent retracement gains on that higher level.
  • #27,636
  • Feb 14, 2013 9:11pm Feb 14, 2013 9:11pm
ah, audusd is in an interesting position - or near a rather important line

a breach of 1.0380 - and 1.05 is next... though, I suspect 50 pip move lower will probably come before that breach of 1.0380^^
  • #27,637
  • Feb 14, 2013 9:12pm Feb 14, 2013 9:12pm
Quoting 5percent
your chart looks like it have the potential to reach 1.0457, once fundamental risk starts to hide itself again. Since it has been consolidating its recent retracement gains on that higher level.
5% thanks for your comment. How did you figure out 1.0457?
daddybearforex. com
  • #27,638
  • Feb 14, 2013 9:37pm Feb 14, 2013 9:37pm
Quoting DaddyBear
5% thanks for your comment. How did you figure out 1.0457?
i was just looking at 1.0360, once that area is no longer a hindrance, the next high is 1.0457? So price may trade within 1.0360-1.0457 next if 1.0360 is overlapped by bull price action.
  • #27,639
  • Feb 14, 2013 9:41pm Feb 14, 2013 9:41pm
Another update M15,

http://fx2.it-finance.com/FXStreetFl...ea248f160d.png

Quoting HelloOz
update M15

http://fx2.it-finance.com/FXStreetFl...4c5a6be78a.png
  • #27,640
  • Feb 14, 2013 10:59pm Feb 14, 2013 10:59pm
http://images.smh.com.au/2013/02/15/...y1-620x349.jpg
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