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  • #28,801
  • Mar 14, 2013 8:38am Mar 14, 2013 8:38am
Quoting forexalien
aud might have limited upside to it, daily is near 61.8, h4 is near a top and H1 can go up to retest the 103.80, then short it there.......
I think Aud can go much higher.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 72 KB
When Scalpers win, I lose and Vice varsa...
  • #28,802
  • Mar 14, 2013 9:25am Mar 14, 2013 9:25am
Hello traders,
an update for the USD Dollar Index that can be helpful not only for trading the EUR/USD (52% of the Dollar Index) but also the other major pairs USD/JPY, GBP/USD, USD/CAD and AUD/USD.

We had a sequence a of two traditional measured moves higher: the first with long entry in the 82.30 area with target in 83. The second with entry in the 82.70 area and targets at 83.40 (today's highs). We now have a new (third) long setup in the sequence at the 83.00 area (check the picture below).

The third long setup just traded: support was shown at the 83.01 level. This long setup has a stop, and failure level, below 82.90. Below this level the sequence of measured move is interrupted and we could see the start of the move lower in the Dollar Index (Scenario 1)

http://www.forexfactory.com/attachme...1&d=1363277753 (http://www.forexfactory.com/attachment.php?attachmentid=1152474&d=1363277753)

Here are my two scenarios, as usual:

Scenario 1. If price comes below the 82.90 level the sequence of measured moves higher on the daily chart ends and price could start its move towards the 20-day SMA (partial targets area). The move could then continue lower after a bounce.

Scenario 2. If the next setup long on the daily chart is respected, i.e. price of the index never moves below 82.90 there is the possibility of a continuation higher into the next target at the 83.60 area (1st target) and even higher.

Let me know what you think.
Thank you

PS: Euro FX futures just approaching the resistance at 1.3000 in my last analysis
"markets traded by programs/HFT offer a significant trading edge..."
  • #28,803
  • Mar 14, 2013 12:23pm Mar 14, 2013 12:23pm
Quoting InsideForexT
Fib extension profit taking targets.

These are for the break of the neck line in the reverse head and shoulders price action pattern.
To clearly see the reversal pattern view AUD/USD 4h time frame.

  1. 1.0399
  2. 1.046


Potential objectives to keep in mind.

First target reached at 1.0399. Taking partial profits and looking to add more later.
As close to the 1.0285 neck line as possible.
Inside Forex Trading Gives You The Edge To Succeed.
  • #28,804
  • Mar 14, 2013 2:38pm Mar 14, 2013 2:38pm
Quoting DaddyBear
Chopping is a body language. It looks random but in fact there is a pattern. It's the signal the EJ gives to the market participants in a hidden format.
Quoting DaddyBear
This was what people thought during the show......
http://www.forexfactory.com/attachme...1&d=1363285890
daddybearforex. com
  • #28,805
  • Mar 14, 2013 3:26pm Mar 14, 2013 3:26pm
Quoting Rampage
Would like Maximmm's view though.

hard to say anything of significance in regards to audusd - it's still in the triangle formation -

If it breaks 1.06 - aud will continue to go higher, and if it breaks 1.01, it will continue to move lower - at least until the lower triangle line.

as for nzdusd - it will continue to move lower till 78, though a retest of 84 is possible prior to the resumption of the move down.

I would say that currently there is more certainty in the nzdusd pair than in the audusd pair - at least in the short term. NZD broke the uptrend line, but aud is still stuck in the middle of nowhere land -
  • #28,806
  • Mar 14, 2013 4:35pm Mar 14, 2013 4:35pm
Morning Guys,
Happy Friday.....
  • #28,807
  • Mar 14, 2013 5:37pm Mar 14, 2013 5:37pm
Quoting Goldflake
I think Aud can go much higher.
Posted by forexalien (http://www.forexfactory.com/showthread.php?p=6514965#post6514965)

aud might have limited upside to it, daily is near 61.8, h4 is near a top and H1 can go up to retest the 103.80, then short it there.......

Post hidden because forexalien is on your ignore list (http://www.forexfactory.com/profile.php?do=ignorelist).

103.69 now............103.96 is when I shorted about
The More You Learn, The More You Earn.....
  • #28,808
  • Mar 15, 2013 5:40am Mar 15, 2013 5:40am
With more and more slowing down of China, their housing bubble about to blow etc, AUD isn't going to head up much further. Unfortunately, like the stock markets, it is a case of 'irrational exubarence' as they say. Also, the RBA has a habit of surprising so if they want to cap the AUD they will drop rates 0.25. Best to be careful at this juncture.

Quoting maximmm
hard to say anything of significance in regards to audusd - it's still in the triangle formation -

If it breaks 1.06 - aud will continue to go higher, and if it breaks 1.01, it will continue to move lower - at least until the lower triangle line.

as for nzdusd - it will continue to move lower till 78, though a retest of 84 is possible prior to the resumption of the move down.

I would say that currently there is more certainty in the nzdusd pair than in the audusd pair - at least in the short term. NZD broke the uptrend line, but aud...
  • #28,809
  • Mar 15, 2013 9:05am Mar 15, 2013 9:05am
Quoting surfer1
With more and more slowing down of China, their housing bubble about to blow etc, AUD isn't going to head up much further. Unfortunately, like the stock markets, it is a case of 'irrational exubarence' as they say. Also, the RBA has a habit of surprising so if they want to cap the AUD they will drop rates 0.25. Best to be careful at this juncture.

I wouldn't find the trend if aud were to go above 1.06

The weekly candle, if it closes at current levels, is very bullish, and if the weekly candle leading above 1.06 is equally bullish, aud may go much higher in the medium term.
  • #28,810
  • Mar 15, 2013 4:13pm Mar 15, 2013 4:13pm
AUDUSD Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 60 KB
The Market pays you to be disciplined
  • #28,811
  • Mar 15, 2013 5:57pm Mar 15, 2013 5:57pm
Nothing can stop a full speed bull train on Aussie lol
  • #28,812
  • Mar 15, 2013 7:32pm Mar 15, 2013 7:32pm
Quoting forexalien
Posted by forexalien (http://www.forexfactory.com/showthread.php?p=6514965#post6514965)

aud might have limited upside to it, daily is near 61.8, h4 is near a top and H1 can go up to retest the 103.80, then short it there.......

Post hidden because forexalien is on your ignore list (http://www.forexfactory.com/profile.php?do=ignorelist).

103.69 now............103.96 is when I shorted about
Alien, I hope you are right. Please see my HG system weekly chart for your reference.
daddybearforex. com
  • #28,813
  • Mar 15, 2013 7:33pm Mar 15, 2013 7:33pm
Quoting mima
AUDUSD Weekly
Could you add some bias to your chart?
daddybearforex. com
  • #28,814
  • Mar 15, 2013 7:37pm Mar 15, 2013 7:37pm
This is the weekly chart plotted by my HG [Holy Grail] system. My view about the Aussie's near term moves based on this chart is SUPPER BULLISH!!!
Attached Image (click to enlarge)
Click to Enlarge Name: INDIX-031513-W.JPG Size: 181 KB
daddybearforex. com
  • #28,815
  • Mar 15, 2013 7:49pm Mar 15, 2013 7:49pm
Quoting DaddyBear
This is the weekly chart plotted by my HG [Holy Grail] system. My view about the Aussie's near term moves based on this chart is SUPPER BULLISH!!!
I would agree the weekly looks bullish my friend, but what about daily?
Attached Image (click to enlarge)
Click to Enlarge Name: auddaily.jpg Size: 87 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #28,816
  • Mar 15, 2013 7:52pm Mar 15, 2013 7:52pm
Quoting Mr. Scott
I would agree the weekly looks bullish my friend, but what about daily?
Let me post weekly in the EJ Institute first then come back to the Aussie daily later.
daddybearforex. com
  • #28,817
  • Mar 15, 2013 11:32pm Mar 15, 2013 11:32pm
Quoting Mr. Scott
I would agree the weekly looks bullish my friend, but what about daily?
The daily is not very clear. so, no chart will be posted.
daddybearforex. com
  • #28,818
  • Mar 16, 2013 1:48am Mar 16, 2013 1:48am
Dailyfx says there is "10-year bond auction on Wednesday". Does anyone knows when...more details?
The Market pays you to be disciplined
  • #28,819
  • Mar 16, 2013 2:43am Mar 16, 2013 2:43am
Would appreciate if I could have some help in the form of a private message because its difficult for me to track my posts here.

Does anyone know how to get Murrey Math Indicator on the MT4 app on iPhone?
A 1 pip gain is better than a 1 pip loss.
  • #28,820
  • Mar 16, 2013 8:25am Mar 16, 2013 8:25am
Quoting mima
Dailyfx says there is "10-year bond auction on Wednesday". Does anyone knows when...more details?
1300 EST, Wednesday, USD 10-y Bond Auction. Why are you so concerned about this event?
daddybearforex. com
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