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  • #31,861
  • Jun 9, 2013 12:20pm Jun 9, 2013 12:20pm
hello ladies & gentleman , today is my first time I will present to you my oppinion regarding 1 specific grafic I hope you guys can helping with your advise & comments thank , the time frame is 15 min ,audchf, I found the macd is crossing down , the trend is down,the first rest is 0.8900and the sup is 0.8780 well is something is missing pls let me know I accept all kind of comments see know my grafhic
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  • #31,862
  • Edited 12:52pm Jun 9, 2013 12:48pm | Edited 12:52pm
Quoting fxfamily2013
hello ladies & gentleman , today is my first time I will present to you my oppinion regarding 1 specific grafic I hope you guys can helping with your advise & comments thank , the time frame is 15 min ,audchf, I found the macd is crossing down , the trend is down,the first rest is 0.8900and the sup is 0.8780 well is something is missing pls let me know I accept all kind of comments see know my grafhic{image}

Be sure to examine the H4 D1 and W1 timeframes for a definite direction of the trend. Within the smaller timeframes you can take action long or short with confidence of the larger ( H4, D1, W1) timeframes for TREND stregnth. Hope that helps.

Good trading!
It's the simple things in life that have the most powerful meaning.
  • #31,863
  • Jun 9, 2013 2:52pm Jun 9, 2013 2:52pm
Quoting lebleup
{quote} Be sure to examine the H4 D1 and W1 timeframes for a definite direction of the trend. Within the smaller timeframes you can take action long or short with confidence of the larger ( H4, D1, W1) timeframes for TREND stregnth. Hope that helps. Good trading!

well first thank you for your soom answer, I think one most common mistake I have is to reconize the trend .
  • #31,864
  • Jun 9, 2013 5:05pm Jun 9, 2013 5:05pm
Quoting fxfamily2013
{quote} well first thank you for your soom answer, I think one most common mistake I have is to reconize the trend .

Well, you did happen to pick the AUD/CHF which has very nice down trend. It is just a matter of picking the right spot to enter and take the ride down. The smaller time frames... build into the larger time frames. That 15 minute rolled over nicely and gave plenty of pips. If you look at the H4 , D1 and W1, you will see that these larger time frames ensured a strong move on the 15 minute time frame. Note that there will be some pullback and / or consolidation. This is normal. But looking at the W1 and developing M1... there is more downside to come. Just notice how the smaller time frames build into the larger time frames going from left (smaller).... to right (larger).

Happy Trading!
It's the simple things in life that have the most powerful meaning.
  • #31,865
  • Jun 9, 2013 11:33pm Jun 9, 2013 11:33pm
AU will drop some more meat before she can get back on her feet...
daddybearforex. com
  • #31,866
  • Edited 5:57am Jun 10, 2013 5:20am | Edited 5:57am
fall allert on EURAUD , now @ 1.4019 .
target - 1.3850-1.3875.

then, it may continue to rise.

AUDCHF, just the same, but in the mirror.
I'll shop after the drop
  • #31,867
  • Jun 10, 2013 7:50am Jun 10, 2013 7:50am
Quoting DaddyBear
AU will drop some more meat before she can get back on her feet...
A Poet and he doesn't know it..........?
The More You Learn, The More You Earn.....
  • #31,868
  • Jun 10, 2013 10:32am Jun 10, 2013 10:32am
Quoting forexalien
{quote} A Poet and he doesn't know it..........?

she already dropped around an ounce
would this be the dead cat bounce...?

I'll shop after the drop
  • #31,869
  • Jun 10, 2013 11:20am Jun 10, 2013 11:20am
Quoting Willow
{quote} she already dropped around an ounce would this be the dead cat bounce...?
I think this is the EWP wave 4 phenomena.
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daddybearforex. com
  • #31,870
  • Jun 10, 2013 2:11pm Jun 10, 2013 2:11pm
Nobody is trading the AU now? Too low to short or too risky to long?
daddybearforex. com
  • #31,871
  • Jun 10, 2013 4:04pm Jun 10, 2013 4:04pm
Quoting DaddyBear
Nobody is trading the AU now? Too low to short or too risky to long?
let's say she's not my darling anymore....
I scalp it between levels waiting for a reversal but I'm losing interest.
I closed a trade by mistake today and I stayed out
Have a nice day
  • #31,872
  • Jun 10, 2013 5:00pm Jun 10, 2013 5:00pm
Quoting DaddyBear
Nobody is trading the AU now? Too low to short or too risky to long?
me, i'm long audchf @ 8853 [now slightly underwater, 10 pips]
short euraud @ 1.4005 [ now @ 1.4007]

but aud very weak.

since i warned of a fall on euraud, it has fallen only at 1.3960 and recovered somehow helped by eurusd which went up.

the fall i expect is still valid, i keep my target for the next 24hr, one of the 8h bars should rich 1.3850 or lower, or much lower.

euraud, for the moment has nowhere to go up.

aud is weak indeed, i'm at very low leverage, but i don't like it, it makes me loose time, at least.
I'll shop after the drop
  • #31,873
  • Jun 10, 2013 7:17pm Jun 10, 2013 7:17pm
averaged short euraud @ 1.4038 , the spike at 1.4070 was just false, maybe stops hunting.
target remains at 1.3925-1.3950, in 2-3 8h candles.
I'll shop after the drop
  • #31,874
  • Jun 10, 2013 7:37pm Jun 10, 2013 7:37pm
Quoting DaddyBear
Nobody is trading the AU now? Too low to short or too risky to long?
Really? I must be crazy or stupd lol. Don't tell anyone

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Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#)
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #31,875
  • Jun 10, 2013 7:40pm Jun 10, 2013 7:40pm
Quoting Willow
averaged short euraud @ 1.4038 , the spike at 1.4070 was just false, maybe stops hunting. target remains at 1.3925-1.3950, in 2-3 8h candles.
Just had a long limit out at 1.407, my TP target, missed the top by 2 pips. I may reload soon buying at 1.405 with TP 1.412
  • #31,876
  • Jun 10, 2013 8:01pm Jun 10, 2013 8:01pm
Quoting lolygagv2
{quote} Just had a long limit out at 1.407, my TP target, missed the top by 2 pips. I may reload soon buying at 1.405 with TP 1.412
bye the time of 1.40 i'll be out.
but you can still wait to fall more if you want to buy, maybe 1.3960 area, where i'm sure it will go again.
I'll shop after the drop
  • #31,877
  • Jun 10, 2013 8:55pm Jun 10, 2013 8:55pm
Quoting Willow
{quote} me, i'm long audchf @ 8853 [now slightly underwater, 10 pips] short euraud @ 1.4005 [ now @ 1.4007] but aud very weak. since i warned of a fall on euraud, it has fallen only at 1.3960 and recovered somehow helped by eurusd which went up. the fall i expect is still valid, i keep my target for the next 24hr, one of the 8h bars should rich 1.3850 or lower, or much lower. euraud, for the moment has nowhere to go up. aud is weak indeed, i'm at very low leverage, but i don't like it, it makes me loose time, at least.
Please refrain from using "warning". Most people in this thread are experienced traders. You may post your messages with clear explanations and charts to support your views. Others will understand what you want to say.

When you keep warning people, nobody would take it seriously.
daddybearforex. com
  • #31,878
  • Jun 10, 2013 8:57pm Jun 10, 2013 8:57pm
Long at 0.9407.
daddybearforex. com
  • #31,879
  • Jun 10, 2013 9:07pm Jun 10, 2013 9:07pm
Daily chart indicates a buy at this level.
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daddybearforex. com
  • #31,880
  • Jun 10, 2013 9:09pm Jun 10, 2013 9:09pm
Implications for NAB forecasts (See latest Global and Australian Forecasts report also released today):

  1. The consensus view is that global growth should accelerate through 2013 as recessions end in Western Europe, Abenomics lifts Japanese growth, the US continues its moderate expansion and solid growth continues in the big emerging economies. So far data have not shown such a synchronised global upturn. We still expect global growth to be around trend next year but downside risks now more prominent.

  1. Evidence the slowing in labour intensive mining investment is well underway and weakness in gross national expenditure has led us to soften our medium-term GDP forecasts. We see GDP growth of 2.8% in 2012-13, softening to 2.3% in 2013-14. While a lower Australian dollar and rates should help to offset some of the impact on the Australian economy from structural adjustment, they will be insufficient to prevent unemployment from rising – we see unemployment exceeding 6% by the end of 2013 (5¾% previously) and remaining around 6¼% in the out years. We expect the RBA to cut again in November (with the lower currency giving the RBA time). However, stimulus could come earlier if the labour market weakens more quickly than anticipated. We have revised down our currency forecasts for the AUD/USD to 93c by end 2013 and 87c by late 2014.

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