AUD/USD

Monthly AU - Short still.........

Weekly AU -

The retrace has hit the 38.2 Fib.....

The Slower Stochastics are not climbing out to the upside very steep and the fast stochastic has topped and normally will go back lower for wave 5.

ADX is Mixed with no power .....

The RSIOMA will turn back down IMO.............

AU Daily -

The Daily is on the back side of hitting the 38.2 Fib High .......

Stochastics are leaning torward a Drop from this area..................

H4 -

Recent High on the left............

The Long retrace is near completion on the Right where it is topping.........

Onto to wave 3 Next................

Hi Alien , Do you expect a gap ?

XE.com shows AU open 1 pip lower for now................0.9433

hello
I'm long from 0,9449 because i think that it will be a retracement. Infact on daily i see a double low and a broken of 0,93( the red resistence). we can see also the pullback on this level(the blu point under the red resistence)

Previous high at 9456 has shown a lot of resistance and we are trading inside this ascending range. This level will act as pivot for long/shorts in my opinion. I´m staying flat here until we get definite direction.

If we take a closer look at PA, this level was strongly rejected on friday.

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bank holiday today for aud

Yes, probably not too much action of AUD pairs today. However, momentum suggests upside probability to be higher. I'm going to build a position from .9400 to .9350.

9452, ORLANDO IS THE 1.27 TAKE PROFIT NUMBER ON THE HOURLY . The fact that it breached that number 2x and couldnt close over it either time means its likely gonna get 1 more shot and then as you say, we see what she's made of. But what most of you dont know is for the longer term guys.... 9523 I believe I posted, is the .382 line for the weekly fib, and whether you believe in fibs or not, what trader can say a reversal of a trend is "truly" underway if it cant retrace 38% of the last one! So becauser this fib is on the weekly and will hold much more water than any hrly number, it wouldnt be a bad idea to get in after 9456 as Orland says...and maybe add 2 more lots to it if she breaks the weekly at 9523.

And......(drum roll) if today is an aud banking holiday, we might get very forceful action in the US session today at 7 or 8am OR....tomorrow at 7pm is about 9am there so it would be a big thril(eyes roll) if for once we could have an exciting asian session with at least the aud pairs tomorrow as they digest that meaningless news and just use it as an excuse to knock out stops......so, "stay thirsty my friends." Oh sorry, that was a beer commercial. I meant to say," so keep your stops very wide my friends." Me, ive been long this aud since God was a baby. More enjoyable watching cartoons.

9423/27 is the area that need to hold, a break below and I would expect a drop to at least 9336; which would be a great area to start buying

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agree....

ahhh, rainmaker, your thinking logically and fairly. FX often has no use for either. I say we are going to see either a big wick or a huge tail come out of nowhere on an hourly or 30 min bar that gonna make a lot of aud daytraders very, very unhappy. "Stay thirsty and use wide stops, my friends."

I'm expecting a bounce at the 38% Fib'. 0.9388 before a continuation on down to 0.9325 with 0.92 as the ultimate target........

strong move down would defenitely take this out. Big 4H engulfing creating at the moment. If your scenario plays I would expect a reaction above 92; around 9243 actually at the close of the gap

World bank cuts China GDP forecast to 7.5% from 8.3%

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This is amazing how so many of us are using fibs or at least pivots, and we are coming up with not only different entry points but diferent sides!!!! This is not good. In fact it spells constant chop over next several MORE days.I cant handle it. But those on the same train with me who are long term long the aussie but not so much sort term might like this : : mY mARKETSCOPE2.0 (yes,thats the crap they give me with a real money account!!!) anyway I show 4 important fib numbers about to be breached at 91.491. Two on the 60m 91.49 and 2 on daily at 91.390 and 2 on the daily!!! This is coming to a theater near you in about an hour or two....three if they want to keep playing low volume games. But you can play this 2 ways,Im talking about the aud/jpy herte guys. And we have an added bonus that with all this govt shutdown crap(it wont turn out the same way again, when does it ever????) Meaning, if the flight to safe haven becomes the choice for the big boys, the usd cannot be it this time.....that leaves only the JPY. PLUS the aud/jpy is about to turn long term short in about 3 farts and a belch and a half from now @91.39.

It is the stop that will determine if you win or lose. My mentor Paul told me this awesome observation: Everyone puts 3x as much on the entry as on the exit. I do the reverse. Why?.............THE ENTRY CAN GIVE YOU A PAPER WIN, BUT ONLY YOUR EXIT MAKES THE WIN REAL BY CLOSING THE TRADE. AND THATS WHAT THE REAL HEDGE FUND SHARPIES ALWAYS GET AWAY FROM AND TALK ABOUT NONSENSE TO KEEP YOUR MIND OFF THAT MOST IMPORTANT RULE. So you can get out using the hrly chart or the daily(high of yesterday) its up to you.

short at 91.37 and will add one more lot at the next magic number break! JPY is going to stage a huge rally as soon as aud comes off their vacation. What vacation? When I was on wall street, they gave you christmas day and thasnksgiving and new years day off. Thats it. Your mother died, your father is ill, f&^ck you, get in and make money!!!! So......lets make money. It takes a lot less gravity to hold something up than to let it just meander down on its own. Beisdes with all that gold and silver and all kinds of asst metals in aussie town, they weigh so much they gotta come down! LOL