Attachments: AUD/USD

AUD/USD

#65,521
Sep 16, 2013 9:47pm Sep 16, 2013 9:47pm

SpartanTrade
| Joined Jan 2011 | Status: Trader | 236 Posts

as stated this morning. Looking to add another long at 9270 if it gets there

#65,522
Sep 16, 2013 9:59pm Sep 16, 2013 9:59pm

Greener
| Joined Jan 2010 | Status: Trader | 1,638 Posts

Quoting Greener

Disliked

{quote} yeah you're right but "not imminent" may also open some chance to short-term PA games

Ignored

I am still biased for a drop. As RBA stated exchange rates are "still high". Rate cut may be not imminent but is deemed as "helpful" at current price levels. So this has to be priced in somehow.

#65,523
Sep 16, 2013 9:59pm Sep 16, 2013 9:59pm

N2FX
Joined Feb 2007 | Status: Trader | 1,932 Posts

Quoting SpartanTrade

Disliked

as stated this morning. Looking to add another long at 9270 if it gets there

Ignored

I would like to see 9270

Note: If price holds below the 9300 area, the 61.8% Fib Expansion sits down at 9273 area.

Update: Short closed, will watch reaction near 9310 area, still short bias.....

#65,524
Sep 16, 2013 10:15pm Sep 16, 2013 10:15pm

Rtm
Joined Jan 2011 | Status: dump and pump | 4,055 Posts

Long this pair, blew through a supply level on the gap on open. Bears could make it back to .91 max but daily looks like we have some good demand playing out here.

All posts are my personal opinion

#65,525
Sep 16, 2013 10:28pm Sep 16, 2013 10:28pm

Pip Anon
Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts

Quoting Silat50

Disliked

{quote} I agree 110% with you again. In fact when I saw the last hrly candle on aud/usd retrace 1/3 of its loss, after a huge drop, i always figure the game players closed shop and went to party on the few "mil" they just stople, and I go long after the last 60m candle reverses 1/3 or more. So for an avg of 12-16 or 20 pips risk I get to put on another lot that the original bullish trend will continue. I can lose 85% of these asnd still do mighty well. Warning: Do not attempt these kinds of trades while having sex, driving a vehicle or talking...

Ignored

These gaps serve only one purpose.... clean out orders. The trend was short after that unemployment data. I mean it was virtually evan (drop from data + gap), and now is look to go lower.

Maybe some upside to .934, but I doubt there is much momentum without a fundamental change. Same thing with that massive 400 pip squeeze on euro a few months back. Faded 1.34 to 1.32. It eventually moved up, but that also did something: cleared out shorts and fool rookies into longs or retards into "hedges"

Unless you are in the direction prior to the gap, they are also useless unless you can fade an exhaustion gap

When the facts change I change my mind, what do you do sir

#65,526
Edited Sep 17, 2013 1:46am Sep 16, 2013 10:46pm | Edited Sep 17, 2013 1:46am

snail69
Joined Jan 2010 | Status: Trader | 2,021 Posts

My view on AUD. Just finished AB=CD on 4H. Further in rectangle there is finished HP (harmonic pattern). Divergence price/MACD . All suggest bearish move.

How low only time will tell. 2nd pic - daily perspective

Attached Image(s) (click to enlarge)

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#65,527
Sep 16, 2013 10:50pm Sep 16, 2013 10:50pm

strategos
| Joined Jan 2013 | Status: Trader | 113 Posts

i see divergence i look for where to enter. i see price closing the gap

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#65,528
Sep 16, 2013 11:04pm Sep 16, 2013 11:04pm

bskwak1124
| Joined Dec 2009 | Status: Trader | 443 Posts

Just open a short at 0.93

Logics do not apply in FOREX

#65,529
Sep 16, 2013 11:24pm Sep 16, 2013 11:24pm

RiverTrader
| Joined Jul 2009 | Status: Trader | 209 Posts

I see it hard to come back up, too.
I tried to buy 2 times all dropped back.

Simple is powerful all the time.

#65,530
Sep 17, 2013 12:47am Sep 17, 2013 12:47am

SpartanTrade
| Joined Jan 2011 | Status: Trader | 236 Posts

Im still mid term very bullish but until we get a 4hr close convincingly below 93.00 I will not concede to the short term bears!!!!

#65,531
Sep 17, 2013 1:13am Sep 17, 2013 1:13am

RiverTrader
| Joined Jul 2009 | Status: Trader | 209 Posts

Where is this pair want to go?
I don't understand.

Simple is powerful all the time.

#65,532
Sep 17, 2013 1:22am Sep 17, 2013 1:22am

2+2=4ex
Joined Mar 2009 | Status: Trader | 6,418 Posts

Quoting RiverTrader

Disliked

Where is this pair want to go? I don't understand.

Ignored

It is giving many signs that it "wants" to resume downtrend, but it keeps getting held up.

#65,533
Sep 17, 2013 1:26am Sep 17, 2013 1:26am

RiverTrader
| Joined Jul 2009 | Status: Trader | 209 Posts

Quoting 2+2=4ex

Disliked

{quote} It is giving many signs that it "wants" to resume downtrend, but it keeps getting held up.

Ignored

Oh, thanks for explanation.
My view is, it's trying to go up, but hard to make it stay up high.
Interesting, same picture, different view.

Simple is powerful all the time.

#65,534
Sep 17, 2013 1:46am Sep 17, 2013 1:46am

RiverTrader
| Joined Jul 2009 | Status: Trader | 209 Posts

Running higher is good, too.
More down force to breakdown support.

Simple is powerful all the time.

#65,535
Sep 17, 2013 1:57am Sep 17, 2013 1:57am

Avir
Joined Feb 2012 | Status: Trader | 5,619 Posts

Good Morning !

Today's AUDUSD S/R Template

The other pairs : http://www.forexfactory.com/showthre...54#post6969154

FX is a Bitc*h!, No one keeps me wake all night but FX does!!

#65,536
Sep 17, 2013 2:05am Sep 17, 2013 2:05am

Bullet
| Joined Aug 2013 | Status: Trader | 78 Posts

Thought I would have woken up (in UK) to a gap filled and good profit after the news, seems like it was neutral and it just spiked up and down a bit then returned to 9320 where it has been hanging out lately. Similar to Spartan I would like to see a 4hr close below 9295 would add to my short on retrace to that level.

#65,537
Sep 17, 2013 2:15am Sep 17, 2013 2:15am