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Aussie Trading Room and Cartoons Gallery

  • #28,921
  • Mar 19, 2013 2:45pm Mar 19, 2013 2:45pm
alien must hear me.
  • #28,922
  • Mar 20, 2013 2:20am Mar 20, 2013 2:20am
Hi all,

nice couple of pics, bearish move sees bottom at 1.03 before H&S plays out 1.06 target.

Or 50.0 1.04 fib hold, continuing bearish movement, target 1.01 using EW Theory

looking at sloped resistance to signal bullish breakout, or bearish rejection
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD Inverted H&S vs Elliot Waves.PNG Size: 137 KB
Click to Enlarge Name: AUDUSD Sloped Resistance.PNG Size: 134 KB
Even the worst trade can close with profit. Just give it time.
  • #28,923
  • Mar 20, 2013 5:06am Mar 20, 2013 5:06am
aud may go as high as 1.0420 prior to resumption of the move down.... which has been lackluster thus far.

Today is a big day for usd pairs, so I suspect that the move down will be stronger than it was before - though again, a move to 1.0420 is possible prior to that move.
  • #28,924
  • Mar 20, 2013 6:44pm Mar 20, 2013 6:44pm
OK, no up or down move - aud is officially dead^^
  • #28,925
  • Mar 20, 2013 6:50pm Mar 20, 2013 6:50pm
Quoting maximmm
OK, no up or down move - aud is officially dead^^
Pretty funny when you are the only one to reply to this thread 13 hours later.........
The More You Learn, The More You Earn.....
  • #28,926
  • Mar 20, 2013 6:51pm Mar 20, 2013 6:51pm
That why AU no movement
  • #28,927
  • Mar 20, 2013 6:55pm Mar 20, 2013 6:55pm
Quoting k3nshinz3139
That why AU no movement
What is why AU no move?
The More You Learn, The More You Earn.....
  • #28,928
  • Mar 20, 2013 7:38pm Mar 20, 2013 7:38pm
Quoting forexalien
Pretty funny when you are the only one to reply to this thread 13 hours later.........
If I didn't reply, not only would aud be dead, but so would this thread^^
  • #28,929
  • Mar 20, 2013 8:11pm Mar 20, 2013 8:11pm
Australian Leader Vote at 4.30pm local time..

looks like we will have new PM just before election
fail big time..
  • #28,930
  • Mar 20, 2013 8:24pm Mar 20, 2013 8:24pm
Quoting HelloOz
Australian Leader Vote at 4.30pm local time..

looks like we will have new PM just before election
fail big time..
If she goes Up or Down? any thoughts. IMO it is bad because it shows an unstable government but it is also good because no one likes her
  • #28,931
  • Mar 20, 2013 8:33pm Mar 20, 2013 8:33pm
Quoting HelloOz
Australian Leader Vote at 4.30pm local time..

looks like we will have new PM just before election
fail big time..
Are you shorting?
daddybearforex. com
  • #28,932
  • Mar 20, 2013 8:35pm Mar 20, 2013 8:35pm
Quoting maximmm
If I didn't reply, not only would aud be dead, but so would this thread^^
What are you talking about?
Attached Image
daddybearforex. com
  • #28,933
  • Mar 20, 2013 8:36pm Mar 20, 2013 8:36pm
IMO if there is no change then the market will remain the same, however if Rudd is elected then there is a possiblity that Labor may have a chance at the next election and that could spook the AUD market.

Quoting feather
If she goes Up or Down? any thoughts. IMO it is bad because it shows an unstable government but it is also good because no one likes her
  • #28,934
  • Mar 20, 2013 8:52pm Mar 20, 2013 8:52pm
Quoting DaddyBear
Are you shorting?
yeah.. for days now..
  • #28,935
  • Mar 20, 2013 8:59pm Mar 20, 2013 8:59pm
Hi fellow traders, new to site and an Aussie so glad to find this thread and hope the comment about the thread being dead was a bit like our government ( a joke )
Anyway by the looks of it price will fall with uncertency of the house. got a nice entry at 1.0388 on the m5 and looking for break of 1.0369. if so will ride down to support at 1.03 on h4 cheers
  • #28,936
  • Mar 20, 2013 9:31pm Mar 20, 2013 9:31pm
yes just walked in and turned on tv and saw that the shit has hit the fan in Canberra
Quoting HelloOz
Australian Leader Vote at 4.30pm local time..

looks like we will have new PM just before election
fail big time..
  • #28,937
  • Mar 20, 2013 9:46pm Mar 20, 2013 9:46pm
I can't believe how much the pair is moving? just not today but for the week. As for the government, They voted Rudd in then they voted rudd out, Julia took over then they went for a vote off and Julia won, and now they want to throw her out 6 months before election, with Rudd as the only option. This shows a very unstable government so i am shorting.
  • #28,938
  • Mar 20, 2013 10:45pm Mar 20, 2013 10:45pm
in case you guys want to hear what's going on in the election here's a link to live coverage....


http://www.news.com.au/national-news/leadership-live-julia-gillard-under-new-labor-leadership-pressure/story-fncynjr2-1226602153908
  • #28,939
  • Mar 20, 2013 11:51pm Mar 20, 2013 11:51pm
AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_2013-03-21 07-44-42.jpg Size: 173 KB
  • #28,940
  • Mar 20, 2013 11:59pm Mar 20, 2013 11:59pm
@SlyQsx,

Your Elliott wave numbering sounds good. Please let me know from where you got this indicator; I definitely want to go for it.
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