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  • #31,581
  • Jun 4, 2013 10:04am Jun 4, 2013 10:04am
I'm expecting a bounce here off of .96, if we go through .96, that's a major support level, and we'll quickly see .955
  • #31,582
  • Jun 4, 2013 10:37am Jun 4, 2013 10:37am
feels like heading to 0.9570
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 75 KB
As Above, So Below
  • #31,583
  • Jun 4, 2013 10:40am Jun 4, 2013 10:40am
Tonight (GMT): Australia's GDP

Beware.
Use me as a contrarian indicator
  • #31,584
  • Jun 4, 2013 11:47am Jun 4, 2013 11:47am
Quoting egymedo
{quote} it means it will go up little ??
i think it was mean little up
  • #31,585
  • Jun 4, 2013 1:51pm Jun 4, 2013 1:51pm
Quoting DaddyBear
AU is ready to punch through the H1 clouds..... {image}
Stop with all the punching, someone might get hurt...........
The More You Learn, The More You Earn.....
  • #31,586
  • Jun 4, 2013 5:18pm Jun 4, 2013 5:18pm
Ok, I am out of shorts and into longs. I think the bear in the AUD has tired and the bull is about to take over for the short term. PA today is so important, daily finish above 96 is a must for bulls and if so I think AUD will have some short term bull action. HH was made on Monday, so right now there is a big chance of moving above that. Good RR from current levels. Longer term I will hold my bearish bias.
  • #31,587
  • Jun 4, 2013 5:25pm Jun 4, 2013 5:25pm
Quoting feather
Ok, I am out of shorts and into longs. I think the bear in the AUD has tired and the bull is about to take over for the short term. PA today is so important, daily finish above 96 is a must for bulls and if so I think AUD will have some short term bull action. HH was made on Monday, so right now there is a big chance of moving above that. Good RR from current levels. Longer term I will hold my bearish bias.
aussie gdp in an hour, i would hold off on your analysis for now
  • #31,588
  • Jun 4, 2013 5:39pm Jun 4, 2013 5:39pm
DB rather than 4H, The daily has my attention currently. As you can see in the chart neither the daily rsi nor the macd have confirmed this bearish move. In order for the indicators to all line up it is going to take a STRONG downward thrust and IMO it must come in the next few 4H bars. I have T1 at 95570.
Attached Image (click to enlarge)
Click to Enlarge Name: Aussie Daily.JPG Size: 218 KB
You can hand some traders tomorrows Wall Street Journal and they would lose
  • #31,589
  • Jun 4, 2013 6:03pm Jun 4, 2013 6:03pm
Quoting forexalien
{quote} until proven different............. Half the move so far........... {image}
Posted 22 Hours ago < I stand corrected
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The More You Learn, The More You Earn.....
  • #31,590
  • Jun 4, 2013 6:03pm Jun 4, 2013 6:03pm
Quoting Murdetrain
{quote} aussie gdp in an hour, i would hold off on your analysis for now
AUD just made a HH. AUD have just dropped 1000 pips and is currently making a HL. Im already long I don't wait for news
  • #31,591
  • Jun 4, 2013 6:16pm Jun 4, 2013 6:16pm
Quoting forexalien
{quote} Posted 22 Hours ago < I stand corrected {image}
The Fat Lady has yet to sing...
You can hand some traders tomorrows Wall Street Journal and they would lose
  • #31,592
  • Jun 4, 2013 6:32pm Jun 4, 2013 6:32pm
Quoting feather
{quote} AUD just made a HH. AUD have just dropped 1000 pips and is currently making a HL. Im already long I don't wait for news

good luck with your bankrupt goals of 2013, rofl 0.4% gdp, gj bro never trade the news especially with a garbage economy like aussie
  • #31,593
  • Jun 4, 2013 6:35pm Jun 4, 2013 6:35pm
Can they afford beer over there yet...........?
The More You Learn, The More You Earn.....
  • #31,594
  • Jun 4, 2013 6:36pm Jun 4, 2013 6:36pm
Just put my order in to go long the AU, price seemed to stall right before .9600 and price is pulling back a little bit, will grab some pips tonight
All posts are my personal opinion
  • #31,595
  • Jun 4, 2013 6:38pm Jun 4, 2013 6:38pm
Quoting Tradersnest
{quote} The Fat Lady has yet to sing...
Is she singing on that 30 pip drop yet.........?
The More You Learn, The More You Earn.....
  • #31,596
  • Jun 4, 2013 6:39pm Jun 4, 2013 6:39pm
There is a Bear in the room...........!
The More You Learn, The More You Earn.....
  • #31,597
  • Jun 4, 2013 6:45pm Jun 4, 2013 6:45pm
now its near the opening price of this week,.. i wonder if the bear will try to fill the gap
  • #31,598
  • Jun 4, 2013 6:48pm Jun 4, 2013 6:48pm
Quoting forexalien
{quote} Is she singing on that 30 pip drop yet.........?
Your funny, I have target at 95570 ??? That would give the bears about a hundred green ones, if it happens.
You can hand some traders tomorrows Wall Street Journal and they would lose
  • #31,599
  • Jun 4, 2013 6:50pm Jun 4, 2013 6:50pm
now the picture is much clear, it will have some resistance at 9.570, will break it and head to 0.93x.
nothing much to expect from aussie with this PA and negative news unless proven otherwise tomorrow.
As Above, So Below
  • #31,600
  • Jun 4, 2013 7:01pm Jun 4, 2013 7:01pm
Quoting tashkent
now the picture is much clear, it will have some resistance at 9.570, will break it and head to 0.93x. nothing much to expect from aussie with this PA and negative news unless proven otherwise tomorrow.

I think it's a doable first target, I would expect a correction from that area. Keep your eyes on the lower 4H BB, it will have the final say. I wouldn't advise going long from .95570 until there is a clearer picture. There is more downside coming.
You can hand some traders tomorrows Wall Street Journal and they would lose
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