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AUD/USD

  • #65,821
  • Sep 19, 2013 6:59am Sep 19, 2013 6:59am
the fed just put themselves in a really tough situation now... if they didnt taper now... they will have to face a situation where they have to taper a lot more aggressively when the time is right. possibly up to and above ranges of 20bln targets
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #65,822
  • Sep 19, 2013 7:09am Sep 19, 2013 7:09am
Quoting fxtyrant
the fed just put themselves in a really tough situation now... if they didnt taper now... they will have to face a situation where they have to taper a lot more aggressively when the time is right. possibly up to and above ranges of 20bln targets
totally agree - it is going to come and every time they put it off it will hurt more in the long run.
A genius is born every minute, me I am lucky if my socks match.
  • #65,823
  • Sep 19, 2013 7:19am Sep 19, 2013 7:19am
Quoting fxtyrant
the fed just put themselves in a really tough situation now... if they didnt taper now... they will have to face a situation where they have to taper a lot more aggressively when the time is right. possibly up to and above ranges of 20bln targets
I think they never will, if things did not improve after 3 programs why they will in next year?
Bernanke will crash this system down and looking at trade agreements between China and the rest of the world the might $ got probably less than a decade ahead. Things will snowball ones consumption in China become fully westernised which recently was announced by the gov.
US and dollar are phucked big time, he just confirmed it yesterday.
swing it!
  • #65,824
  • Sep 19, 2013 7:24am Sep 19, 2013 7:24am
Quoting tomspin
{quote} I think they never will, if things did not improve after 3 programs why they will in next year? Bernanke will crash this system down and looking at trade agreements between China and the rest of the world the might $ got probably less than a decade ahead. Things will snowball ones consumption in China become fully westernised which recently was announced by the gov. US and dollar are phucked big time, he just confirmed it yesterday.
heck.... if you want to talk about it this way then... you might go as extreme as saying the US economy is not any greater than it was back whe the great depression happened....
im pretty sure theres opportunity for the US to boom again.. problem is no body knows where exactly....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #65,825
  • Sep 19, 2013 7:28am Sep 19, 2013 7:28am
[quote=. on the weekly chart on AUDUSD we could only be seeing this up move as an AB to C retracement. but the next leg to D is gona be even lower than B possibly down to 0.85 believe it or not.[/quote]Well on this I agree. Naturally depends where AB is plotted from and where C retraces to.
Technically if A is weekly swing high from 105817 and B the low 88477 AB=CD could be as low as 77761
NB if C = 38.2 of AB then D = 61.8 low extension
Disclaimer... I'm on the iPad and plottings not that easy so numbers may be a little off.
Anyway yes it can definitely be 8500 or below on weekly timeframe
Cheers
  • #65,826
  • Sep 19, 2013 7:32am Sep 19, 2013 7:32am
Quoting mm3934
{quote}Well on this I agree. Naturally depends where AB is plotted from and where C retraces to. Technically if A is weekly swing high from 105817 and B the low 88477 AB=CD could be as low as 77761 NB if C = 38.2 of AB then D = 61.8 low extension Disclaimer... I'm on the iPad and plottings not that easy so numbers may be a little off. Anyway yes it can definitely be 8500 or below on weekly timeframe Cheers
ABCD pattern can onlyl be true if something points out that AUDUSD has peaked its retracement and that the next leg down is ready to begin... so far nothing yet... need to see data from China.. if things from china does start to look bad... its gona affec the AUD strength.... and the AUD does have strength... lose that strength and it could be quite significant.....given the fact AUDUSD ride up on good china news from 0.88 WHILE USD strength is still happening on tapering rumors.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #65,827
  • Sep 19, 2013 7:32am Sep 19, 2013 7:32am
Quoting fxtyrant
{quote} heck.... if you want to talk about it this way then... you might go as extreme as saying the US economy is not any greater than it was back whe the great depression happened.... im pretty sure theres opportunity for the US to boom again.. problem is no body knows where exactly....
well, truth is always hard to bear, US has oil a lot of it this is positive for sure, innovation and military tech not matched anywhere else but...Bernankie is a fed chairman and yellen will be the next one so, you know, crap.
swing it!
  • #65,828
  • Sep 19, 2013 7:35am Sep 19, 2013 7:35am
hmmm mixed figure came out from the US initial jobless claims.... Actual lower than forecast so its not as bad as markets are anticipating but still an increase in number from previous...
soo its mixed....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #65,829
  • Sep 19, 2013 7:37am Sep 19, 2013 7:37am
Quoting fxtyrant
{quote} ABCD pattern can onlyl be true if something points out that AUDUSD has peaked its retracement and that the next leg down is ready to begin... so far nothing yet... need to see data from China.. if things from china does start to look bad... its gona affec the AUD strength.... and the AUD does have strength... lose that strength and it could be quite significant.....given the fact AUDUSD ride up on good china news from 0.88 WHILE USD strength is still happening on tapering rumors.
I thought you were giving a technical definition
  • #65,830
  • Sep 19, 2013 7:40am Sep 19, 2013 7:40am
Quoting mm3934
{quote} I thought you were giving a technical definition
well i gave both.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #65,831
  • Sep 19, 2013 7:44am Sep 19, 2013 7:44am
Quoting fxtyrant
{quote} well i gave both.
Ok, not contesting just responded to a technical
Cheers
  • #65,832
  • Sep 19, 2013 7:51am Sep 19, 2013 7:51am
Data should be read as positive. Continuing claims are dropping while initial claims better than expected.
  • #65,833
  • Edited 8:05am Sep 19, 2013 7:55am | Edited 8:05am
hoping to get a close below today's low in 6 mins time. Not happening
the cautious seldom err....C
  • #65,834
  • Sep 19, 2013 8:07am Sep 19, 2013 8:07am
Quoting pips29
hoping to get a close below today's low in 6 mins time. Not happening
buddy we have yet to see AUDUSD to fall to try to retrace some of that up move otherwise we wont know where the buyers are at.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #65,835
  • Sep 19, 2013 8:08am Sep 19, 2013 8:08am
Staying away from AUDUSD for now. Got to be 50-50 whether it stumbles here or pushes on to 97. At 97 I'd be a seller.
I have no clue what I'm talking about.
  • #65,836
  • Sep 19, 2013 8:12am Sep 19, 2013 8:12am
Quoting fxtyrant
{quote} buddy we have yet to see AUDUSD to fall to try to retrace some of that up move otherwise we wont know where the buyers are at.....
let see if the next news from US in under an hour's time will bring this pair down
the cautious seldom err....C
  • #65,837
  • Sep 19, 2013 8:17am Sep 19, 2013 8:17am
Quoting mm3934
{quote}Well on this I agree. Naturally depends where AB is plotted from and where C retraces to. Technically if A is weekly swing high from 105817 and B the low 88477 AB=CD could be as low as 77761 NB if C = 38.2 of AB then D = 61.8 low extension Disclaimer... I'm on the iPad and plottings not that easy so numbers may be a little off. Anyway yes it can definitely be 8500 or below on weekly timeframe Cheers

Aud going down to 0.8500 ?
  • #65,838
  • Sep 19, 2013 8:19am Sep 19, 2013 8:19am
Quoting alam88009
{quote} Aud going down to 0.8500 ?
by looking at AUDUSD on weekly pattern... AB = 1.05 to 0.88
then AB=CD so if we drop from 0.95 then target is as low as 0.78
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #65,839
  • Sep 19, 2013 8:29am Sep 19, 2013 8:29am
Quoting fxtyrant
{quote} by looking at AUDUSD on weekly pattern... AB = 1.05 to 0.88 then AB=CD so if we drop from 0.95 then target is as low as 0.78

Could be next week or this week ?
Couse I am shorting @ 0.95050
  • #65,840
  • Sep 19, 2013 8:32am Sep 19, 2013 8:32am
well if you thought the ride up from 0.88 to 0.95 was fast... (2 weeks only...) the ride down is gona be just as fast...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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