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  • #58,421
  • May 16, 2013 7:40pm May 16, 2013 7:40pm
Quoting Zeroh
So when it comes down to it. Are you bullish or bearish.
Bearish long-term. Have been since it posted it's highs. I dont try to change sentiment intrahourly like most do. Posted my targets few posts back. I expect a pullback and continue downward.
When the facts change I change my mind, what do you do sir
  • #58,422
  • May 16, 2013 7:43pm May 16, 2013 7:43pm
Quoting Pip Anon
{quote} Bearish long-term. Have been since it posted it's highs. I dont try to change sentiment intrahourly like most do. Posted my targets few posts back. I expect a pullback and continue downward.
It usually go up in June. Where's your bottom expectation for this month? Thank you
  • #58,423
  • May 16, 2013 7:52pm May 16, 2013 7:52pm
Quoting hansetb
{quote} It usually go up in June. Where's your bottom expectation for this month? Thank you
1st: .967 2nd: .955 3rd: .9375

I believe Aussie can hit the first target. Like I mentioned, it's due for some retracement. 3rd target is a stretch but Aussie can meet it will everyone beating it down. It seems to not be worth the swap it carries. It is formed by topout peaks in 09 and 2010 and a reversal of downside momentum in 2011.

I stay pretty firm with my targets, but if fundamentals strengthen it can be revised. It's almost at the 78 Fib on a 2Y daily. If it breaks all 3 targets lead to 100% retracement,
When the facts change I change my mind, what do you do sir
  • #58,424
  • May 16, 2013 7:58pm May 16, 2013 7:58pm
thx..nice insight..
  • #58,425
  • May 16, 2013 8:07pm May 16, 2013 8:07pm
This hour is quiet.. Stuck at 976 area.. lol
  • #58,426
  • May 16, 2013 8:07pm May 16, 2013 8:07pm
Quoting Pip Anon
{quote} 1st: .967 2nd: .955 3rd: .9375 I believe Aussie can hit the first target. Like I mentioned, it's due for some retracement. 3rd target is a stretch but Aussie can meet it will everyone beating it down. It seems to not be worth the swap it carries. It is formed by topout peaks in 09 and 2010 and a reversal of downside momentum in 2011. I stay pretty firm with my targets, but if fundamentals strengthen it can be revised. It's almost at the 78 Fib on a 2Y daily. If it breaks all 3 targets lead to 100% retracement,
i hope it bounced up little again to 0.98020..
  • #58,427
  • May 16, 2013 8:08pm May 16, 2013 8:08pm
Quoting BaraHabiba
{quote} i hope it bounced up little again to 0.98020..
.98-95 is not out of question.
When the facts change I change my mind, what do you do sir
  • #58,428
  • Edited 8:59pm May 16, 2013 8:49pm | Edited 8:59pm
hurry up and break
-bye bye baby
  • #58,429
  • May 16, 2013 9:01pm May 16, 2013 9:01pm
AUD will continue down without any bounce....
  • #58,430
  • May 16, 2013 9:01pm May 16, 2013 9:01pm
Quoting feather
Also keep an eye on gold price not looking good either
I bet you're glad you didn't listen to me
This pair is definitely on a roll.
FF journal: Peaks and Troffs
  • #58,431
  • May 16, 2013 9:12pm May 16, 2013 9:12pm
Quoting Pip Anon
{quote} 1st: .967 2nd: .955 3rd: .9375 I believe Aussie can hit the first target. Like I mentioned, it's due for some retracement. 3rd target is a stretch but Aussie can meet it will everyone beating it down. It seems to not be worth the swap it carries. It is formed by topout peaks in 09 and 2010 and a reversal of downside momentum in 2011. I stay pretty firm with my targets, but if fundamentals strengthen it can be revised. It's almost at the 78 Fib on a 2Y daily. If it breaks all 3 targets lead to 100% retracement,
Looks like sooner than later. .967 would be a triple bottom on 2Y daily. That may provide the move upward.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-05-17-TOS_aussie2.png Size: 132 KB
When the facts change I change my mind, what do you do sir
  • #58,432
  • May 16, 2013 9:15pm May 16, 2013 9:15pm
Quoting Pip Anon
{quote} Looks like sooner than later. .967 would be a triple bottom on 2Y daily. That may provide the move upward.
If it fail to bounce, the market should drive the AU to next target within few days..
  • #58,433
  • May 16, 2013 9:25pm May 16, 2013 9:25pm
Quoting k3nshinz3139
{quote} If it fail to bounce, the market should drive the AU to next target within few days..
Lol notice that exponetial_rsi its at like 4 on the daily lol. If you notice on all three bottoms there was a good 200 pip bounce. Although my ego would love for it to blast to targets in one fall swoop, IDK if it will.

Than again it has fallen almost 850-900 pips in the last month.
When the facts change I change my mind, what do you do sir
  • #58,434
  • May 16, 2013 9:26pm May 16, 2013 9:26pm
http://www.actionforex.com/trading-s...0130516189950/
Note level they say is likely the current extreme - same figure.

Quoting k3nshinz3139
{quote} If it fail to bounce, the market should drive the AU to next target within few days..
  • #58,435
  • May 16, 2013 9:31pm May 16, 2013 9:31pm
Yes it is defiantly on a roll. Next week could be even worse. I have been referring back to when the GBP chart took a 1500 dive early this year without a retrace. The biggest reason is that the GBP broke some long standing TL. Take a look at It's chart it showed no mercy to traders that were long. The AUD is doing exactly the same thing breaking long standing TL. Next week could be even a bigger sell off. I think if you go long now your crazy, as I keep saying trend is likely to change at the end of the month. I took a $2500 dollar hit with my long at 1.000 but i'm glad i got out it probably would have been over 5k by now. Got out of a short at 98.00 last night and re entered this morning at 98.20 and 97.95 and still holding them. Looking for PA under 97.00 tonight.

Quoting bogus
{quote} I bet you're glad you didn't listen to me This pair is definitely on a roll.
  • #58,436
  • May 16, 2013 9:39pm May 16, 2013 9:39pm
Quoting diggo
It has been a pretty tight range. Fundamentals are stacked up against the Aussie. Gold looking top heavy. I strongly favor a retest of the 1.015x support in the coming week(s). This will be the 4th test and I am quite confident we can breakout below.. Below this level I am looking for another test of 0.96x.. A monthly close below 0.97 will open up 0.86x. We never had a proper retrace after the 2008 low. More often then not, we would be back to 0.86x minimum before we can make an all-time HH. But we can deal with that...
SOS. Target approaching.

We are approaching a major decision level in the coming weeks. This is make or break for the Aussie. Will we have one more major hump? Will we close the month below 0.97? This will open up 0.86x

I favour a close below. Possibly this month. If you doubt, pull up a gold/silver/GBP chart.
  • #58,437
  • May 17, 2013 7:05am May 17, 2013 7:05am
Whenever the pair makes a lower low.. the opposite reaction gets stronger than the previous few days.. Does that signify any thing? or is that normal?
  • #58,438
  • May 17, 2013 7:15am May 17, 2013 7:15am
looks like aussie is waiting a good triger to pull up
  • #58,439
  • May 17, 2013 7:16am May 17, 2013 7:16am
Here we go 9700 under attack now. USD powering up across the board. next few moments is bounce from 9700 support lets wait and see, pair has been weak bouncing off support with no real resistance typically.

With U/J breaching 103, i would think this will break 97 soon.
  • #58,440
  • May 17, 2013 7:25am May 17, 2013 7:25am
Quoting nueldar
looks like aussie is waiting a good triger to pull up
If it moves up in a sluggish weak way, you should short it

just dont bet the bank
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