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AUD/USD

  • #62,601
  • Aug 21, 2013 4:18am Aug 21, 2013 4:18am
Quoting HelloOz
this H&S spotted on H1 {image}
Looks to me trendline not yet broken.
The true fact is market doesn't care, risk mgt is important.
  • #62,602
  • Aug 21, 2013 4:32am Aug 21, 2013 4:32am
how is this for HS... see if it holds 90 first.
Attached Image (click to enlarge)
Click to Enlarge Name: HS1.JPG Size: 50 KB
  • #62,603
  • Aug 21, 2013 4:48am Aug 21, 2013 4:48am
the effects of QE for years does not go away for a while. quite a moment
  • #62,604
  • Aug 21, 2013 5:15am Aug 21, 2013 5:15am
Quoting seaman2
how is this for HS... see if it holds 90 first. {image}
You know.. monthly close above 913 is already bullish for next month..
H&S is just the icing..
  • #62,605
  • Aug 21, 2013 6:44am Aug 21, 2013 6:44am
Quoting HelloOz
{quote} You know.. monthly close above 913 is already bullish for next month.. H&S is just the icing..
add to icing support at exactly 90.

can this be it, is the dump finished ?
  • #62,606
  • Aug 21, 2013 6:53am Aug 21, 2013 6:53am
Quoting seaman2
{quote} add to icing support at exactly 90. can this be it, is the dump finished ?
I think it may very well have bottomed
  • #62,607
  • Aug 21, 2013 8:01am Aug 21, 2013 8:01am
Quoting SpartanTrade
{quote} I think it may very well have bottomed
Without having a candle close above .9035 level? We fell out of the channel and we are not back yet.

http://i1116.photobucket.com/albums/...ps9760f403.jpg
The true fact is market doesn't care, risk mgt is important.
  • #62,608
  • Aug 21, 2013 10:01am Aug 21, 2013 10:01am
This is what I see..
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh421aug.png Size: 33 KB
  • #62,609
  • Aug 21, 2013 10:54am Aug 21, 2013 10:54am
Maybe the AU can fall to 0.8950.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD H4 2013.08.21.JPG Size: 166 KB
A chart helps those who can read it.
  • #62,610
  • Aug 21, 2013 11:23am Aug 21, 2013 11:23am
Quoting geniusztc
Maybe the AU can fall to 0.8950. {image}
I think even below 0.8950
  • #62,611
  • Aug 21, 2013 12:02pm Aug 21, 2013 12:02pm
So, AUD/USD today made a low of 0.8998 & bounce back quickly & since then holding the 0.90 level very tightly despite of many attempts to break the said level. That move also completed the inverse head & shoulder pattern on daily charts. I believe if we still manages to hold the 0.90 level post FOMC then 0.93-0.95 levels are clear on the charts. What's your thought on this....?
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 23 KB
  • #62,612
  • Aug 21, 2013 1:11pm Aug 21, 2013 1:11pm
I think once people read the minutes instead of the machines, maybe they will realize they are DOVISH...
  • #62,613
  • Aug 21, 2013 1:12pm Aug 21, 2013 1:12pm
Pretty muted action for such an anticipated market event.
The coincidental success is more dangerous than the expected failure
  • #62,614
  • Aug 21, 2013 1:16pm Aug 21, 2013 1:16pm
Quoting Neqrotik
Pretty muted action for such an anticipated market event.
Let it digest. I think most were looking for an extreme statement with actual timeline.

The longer they postpone the timeline, the more the positioning will reverse.
  • #62,615
  • Aug 21, 2013 1:28pm Aug 21, 2013 1:28pm
Quoting edindzeko
I think once people read the minutes instead of the machines, maybe they will realize they are DOVISH...
dovish... so u wish it could weaken the bucks
  • #62,616
  • Aug 21, 2013 1:35pm Aug 21, 2013 1:35pm
Quoting lugy
{quote} dovish... so u wish it could weaken the bucks
I don't really WISH, but I think the upside has more potential, yes
  • #62,617
  • Aug 21, 2013 1:35pm Aug 21, 2013 1:35pm
Quoting edindzeko
{quote} I don't really WISH, but I think the upside has more potential, yes
Same. Been a bit of a small rollercoaster but I am long.
The coincidental success is more dangerous than the expected failure
  • #62,618
  • Aug 21, 2013 1:37pm Aug 21, 2013 1:37pm
Quoting edindzeko
{quote} Let it digest. I think most were looking for an extreme statement with actual timeline. The longer they postpone the timeline, the more the positioning will reverse.
...like clockwork
  • #62,619
  • Aug 21, 2013 1:38pm Aug 21, 2013 1:38pm
Quoting edindzeko
I think once people read the minutes instead of the machines, maybe they will realize they are DOVISH...
I fully agree, FOMC minutes was Dovish. Initial reaction to the FOMC was due to the algo scripts employed by big houses. Once humans starts reading the texts of minutes they will realize it's rather Dovish. This is a perfect opportunity or i believe last opportunity to load AUD in the portfolio. AUD should take a single upside flight from here (i hope i am not wrong with this call)...
  • #62,620
  • Aug 21, 2013 1:48pm Aug 21, 2013 1:48pm
Quoting Forexgain
{quote} I fully agree, FOMC minutes was Dovish. Initial reaction to the FOMC was due to the algo scripts employed by big houses. Once humans starts reading the texts of minutes they will realize it's rather Dovish. This is a perfect opportunity or i believe last opportunity to load AUD in the portfolio. AUD should take a single upside flight from here (i hope i am not wrong with this call)...
SINGLE upside flight be a bit optimistic. But upside seems to be in the works. 90 level held (hourly chart) through the minutes. that was my determining factor in positioning...
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