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AUD/USD

  • #58,481
  • May 21, 2013 3:52am May 21, 2013 3:52am
Took a long in eurusd @ 1.2856 as its forming a descending wedge pattern. 1.28-1.32 seem to be a good range to play.

Will also start to load up on audusd long term longs as well if it holds up around this area by next week. First limit set @ 0.97300 also in case it goes down.
  • #58,482
  • May 21, 2013 10:02am May 21, 2013 10:02am
ozzie selloff failing at 61.8% retrace of yesterday morning low (0.97.0x) to todays overnight high (0.9839x)... looks like it wants to keep squeezing higher... (maybe )
90% of people, are wrong about 90% of everything, 90% of the time...
  • #58,483
  • May 21, 2013 6:11pm May 21, 2013 6:11pm
Well no real direction so far this week, and the chart is still very much bearish. From today onwards we should see what direction it wants to take especially with Bernanke speaking tonight. If it decides to go down great it will close the week in the red, but if it decides to go up well i think 99.30 is a level that might see some short term bullish movement.
  • #58,484
  • May 21, 2013 8:29pm May 21, 2013 8:29pm
The aussie has been ripe for shorts this week, a trading range is playing out at a key level.

I have played two great 70 pip shorts from the same area.

Here is my video analysis and trade.

Inserted Video
  • #58,485
  • May 22, 2013 2:39am May 22, 2013 2:39am
Quoting TheInformant
The aussie has been ripe for shorts this week, a trading range is playing out at a key level. I have played two great 70 pip shorts from the same area. Here is my video analysis and trade. http://www.youtube.com/watch?v=JJVabtD9kQk
Good insights. But someone in other aud/usd thread saying the opp , he said will go upwards.

Who right?
  • #58,486
  • May 22, 2013 4:36am May 22, 2013 4:36am
Quoting leticus
{quote} Good insights. But someone in other aud/usd thread saying the opp , he said will go upwards. Who right?
Market is right
Knowledge is powerful tool that we can ever have.
  • #58,487
  • May 22, 2013 4:46am May 22, 2013 4:46am
Quoting rikusks
{quote} Market is right
This is the best answer you will get above , and best advice to take on board.

We react to the market, we don't assume it will do something.

Unless we see it move out of this range one way or the other, all I can do is trade the edges.
  • #58,488
  • May 22, 2013 6:16am May 22, 2013 6:16am
Well in my prior posts/charts, I pretty much nailed Aussie. A successful reach of .98 and will continue downward. We'll see about the FOMC
When the facts change I change my mind, what do you do sir
  • #58,489
  • Edited 6:27pm May 22, 2013 5:31pm | Edited 6:27pm
.
Attached Images
FF journal: Peaks and Troffs
  • #58,490
  • May 22, 2013 6:30pm May 22, 2013 6:30pm
Quoting Pip Anon
{quote} I can foresee the future
Not only did it hit the reversal where I thought it was going, also smashed through two targets. Aussie read my mind and went back "down under"

Edit: I do think a small bump up around .9580-75
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-05-16-TOS_aussie.png Size: 136 KB
Click to Enlarge Name: 2013-05-22-TOS_Aussie.png Size: 163 KB
When the facts change I change my mind, what do you do sir
  • #58,491
  • Edited 10:09pm May 22, 2013 8:10pm | Edited 10:09pm
Oops forgot about the fomc. Got stopped out of my eur trade for +2. Had some positive slippage so the audusd long entered at 0.9718.

EDIT: limit also hit on short eur/aud 1.3324
  • #58,492
  • May 22, 2013 10:54pm May 22, 2013 10:54pm
We might see a reaction at .9580
Attached Image (click to enlarge)
Click to Enlarge Name: au23.jpg Size: 23 KB
FF journal: Peaks and Troffs
  • #58,493
  • May 23, 2013 12:24am May 23, 2013 12:24am
If this keeps up, we could get to 92 this month, particularly if US job no's are good
Attached Image (click to enlarge)
Click to Enlarge Name: audusdweekly1.png Size: 37 KB
Come with me if you want to live....
  • #58,494
  • May 23, 2013 12:37am May 23, 2013 12:37am
Quoting Ill-b-back
If this keeps up, we could get to 92 this month, particularly if US job no's are good {image}
I'm favouring the .94 as it has been tested from above and below.
FF journal: Peaks and Troffs
  • #58,495
  • May 23, 2013 12:55am May 23, 2013 12:55am
Quoting bogus
{quote}I'm favouring the .94 as it has been tested from above and below.
that will be ok too

could be a good buy next month
Come with me if you want to live....
  • #58,496
  • May 23, 2013 1:07am May 23, 2013 1:07am
Holding an A/U short @0.9650 with SL set to BE. Not sure where to TP.
?_?
  • #58,497
  • May 23, 2013 1:11am May 23, 2013 1:11am
The party is over at AUD.JPY now
  • #58,498
  • May 23, 2013 1:27am May 23, 2013 1:27am
Quoting Doboy408
The party is over at AUD.JPY now
oh yes indeed
  • #58,499
  • May 23, 2013 5:25am May 23, 2013 5:25am
That was a picture perfect bounce and possibly 5th wave end on the audusd.

I got in via eur/aud short but forgot to put my old limit back in audusd. Hopefully it'll move down again so I can put in nice big long.

Mark my words this pair will explode higher before the end of May.
  • #58,500
  • May 23, 2013 5:35am May 23, 2013 5:35am
Quoting Iro
That was a picture perfect bounce and possibly 5th wave end on the audusd. I got in via eur/aud short but forgot to put my old limit back in audusd. Hopefully it'll move down again so I can put in nice big long. Mark my words this pair will explode higher before the end of May.
I dont think so.
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