Adding another line 
Aussie Trading Room and Cartoons Gallery
- #31,703
- Edited 5:53pm Jun 5, 2013 5:42pm | Edited 5:53pm
- Joined Oct 2011 | Status: quo | 4,193 Posts
though it may sound ridiculous, with this PA, it will reach 0.90x. now i am not questioning this (0.93x which i have been telling is on the horizon). respect to those who has been shorting this. condolences to those who lost money buying aussie. next time, friends 
edit: on the other side it is approaching to a very interesting level: 0.9380. this is the last defense point. then gates wide open to 0.8x.
edit: on the other side it is approaching to a very interesting level: 0.9380. this is the last defense point. then gates wide open to 0.8x.
As Above, So Below
- #31,704
- Jun 5, 2013 6:02pm Jun 5, 2013 6:02pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
When the facts change I change my mind, what do you do sir
- #31,705
- Jun 5, 2013 6:03pm Jun 5, 2013 6:03pm
though it may sound ridiculous, with this PA, it will reach 0.90x. now i am not questioning this (0.93x which i have been telling is on the horizon). respect to those who has been shorting this. condolences to those who lost money buying aussie. next time, friends
It will go to 90. But now? I don't think so. If we get away from the techniques AUD has dropped nearly 12 cents straight down. Why has it dropped so much i have no idea our economy hasn't changed much the last few months if at all. But anyway don't ask questions just have to follow the trend.
I will be looking for a bottom tomorrow night and most importantly a daily candle to support a reversal.
- #31,708
- Jun 5, 2013 6:14pm Jun 5, 2013 6:14pm
{quote} I'm absolutely agree with you. It should go to 0.96, before keep on dropping
I dont think it will reach 96 too soon,too difficult.., there are still some levels need to break if Aussie want to gain some power.. 9515, 9578, back to 9508,.. then I dont know, i am not fortune teller by the way, just a speculator
- #31,709
- Jun 5, 2013 6:32pm Jun 5, 2013 6:32pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
When the facts change I change my mind, what do you do sir
- #31,710
- Jun 5, 2013 6:33pm Jun 5, 2013 6:33pm
- Joined Oct 2011 | Status: quo | 4,193 Posts
{quote} You must be nuts. Yes, you guys jump in there and get you some of it, did you by any chance know Trade Balance comes out in 20 minutes.
every trader has his own opinion. anybody trying to go long has reason, the price is cheap. anybody shorting has reason, price has been falling strongly.
price has random pattern. the secret lies inside this randomness. it may go up any point, it may go down any time. open your daily, see how strong trends ended suddenly without any hint. there appeared a red bar and it kept falling. see how strong trend is, there appeared red bar but it still kept rising. you will see many examples how common concepts like double top or bottom, pin bar, inside bar, head and shoulders and other things failed. you will see many examples they worked.
in this market nobody has authority to call someone nuts. because of randomness, everyone can be right, yet everyone can be wrong. never get married to the trend. because it is like a prostitute. you will never know when she starts cheating on you, when you find out, you will be in deep red.
that is all for now
As Above, So Below
{quote} maybe, if today's Aussie data give push to the pair, it will try to have some recoveries,.. I dont think it will reach 96 too soon,too difficult.., there are still some levels need to break if Aussie want to gain some power.. 9515, 9578, back to 9508,.. then I dont know, i am not fortune teller by the way, just a speculator
market is so unpredictable.
But I'm trading only technicaly. And I see .964 as a target))
- #31,712
- Jun 5, 2013 6:38pm Jun 5, 2013 6:38pm
my drawing is still usefull,..even after the bad data coming from Aussie.. i dont think i need to draw another line..lets see does the bear sleep already after it crawls Aussie in the last two days..
- #31,713
- Jun 5, 2013 6:54pm Jun 5, 2013 6:54pm
- | Joined Nov 2012 | Status: blind eyes... | 1,018 Posts
my drawing is still usefull,..even after the bad data coming from Aussie.. i dont think i need to draw another line..lets see does the bear sleep already after it crawls Aussie in the last two days..
{quote} this may sound harsh but still i will say, but do not take it personal and you do not have to defend yourself or reply
“We are all ignorant — just on different subjects"
You can hand some traders tomorrows Wall Street Journal and they would lose
- #31,715
- Jun 5, 2013 7:50pm Jun 5, 2013 7:50pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
When the facts change I change my mind, what do you do sir
{quote} Shouldn't look at RSI to heavy. Aussie 4H was down at 4. 31 on the daily is nothing. It can easily cut that in half...pop up another 150 pips, shake it off and continue. If it was as easy as saying it's oversold because the RSI is 24 we'd all be rich.
You can hand some traders tomorrows Wall Street Journal and they would lose
- #31,719
- Jun 5, 2013 9:05pm Jun 5, 2013 9:05pm
- | Joined Apr 2013 | Status: SemiPro Trader with good MM | 893 Posts
{quote} nah! It will! not like others but it will surely bounce to .97x IMO to go further south! I guess for now we will touch .948x or even few pips above and again a bounce to .965x to .97x and then say hello to .93x
Well I am no way longing here but expecting .96x to re enter shorts!
- #31,720
- Edited 9:21pm Jun 5, 2013 9:11pm | Edited 9:21pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
Already hit 18-month low. Might as well hit the 2Y low
Weekly support I don't see til .9406
When the facts change I change my mind, what do you do sir