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AUD/USD

  • #67,281
  • Oct 9, 2013 6:12pm Oct 9, 2013 6:12pm
If employment data comes in at least as expected I think there is a good chance for a breakout trade for the Aud/Jpy based on Raghee Horners model.

1) 4H candle currently above 34EMA (Dave wave)
2) 4H currently above resistance from 9/19 (a close above would be nice)
3) 4H currently battling the 38.2Fib
4) CCI(20) currently above 100

Targets would be 92.55 (50Fib) and ultimately the big figure at 93(61.8Fib) from 9/19 retracement

Green pips to all
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Pride always comes before destruction.... -Proverbs 16:18
  • #67,282
  • Oct 9, 2013 7:34pm Oct 9, 2013 7:34pm
Although emplyment change down on forecast it's still way better that previous which was negative and 5.6% rate is definitely big positive. All in all positive which should see attacking 95 again
  • #67,283
  • Oct 9, 2013 7:34pm Oct 9, 2013 7:34pm
Quoting fxtyrant
Come on guys... with all this bad (debt ceiling related) news causing much loss in confidence in the USD, and yet AUDUSD cant bloody break above 0.95 doesnt really spark any enthusiasm to be bullish on this thing.... heck if the employment data comes out worst that expected (which we know theres such possibility) then the bulls be screwed.
With News ....anything goes..............
The More You Learn, The More You Earn.....
  • #67,284
  • Oct 9, 2013 7:34pm Oct 9, 2013 7:34pm
Unemployment? +30 pips and -30 pips? Can't figure out if this news is good or bad?
  • #67,285
  • Oct 9, 2013 7:36pm Oct 9, 2013 7:36pm
Quoting tony95
Unemployment? +30 pips and -30 pips? Can't figure out if this news is good or bad?
Factor this in also ................

Employment Change

9.1K
15.2K
-10.2K
The More You Learn, The More You Earn.....
  • #67,286
  • Oct 9, 2013 7:38pm Oct 9, 2013 7:38pm
Quoting tony95
Unemployment? +30 pips and -30 pips? Can't figure out if this news is good or bad?
Overall sure is better than previous.. .945 take out.. Continue rise..
  • #67,287
  • Oct 9, 2013 7:40pm Oct 9, 2013 7:40pm
I think we just cut out a 60 pip range. I would be willing to get short at the top if I can find a good entry.
  • #67,288
  • Oct 9, 2013 7:43pm Oct 9, 2013 7:43pm
http://www.forexlive.com/blog/2013/1...llar-reaction/

short
  • #67,289
  • Oct 9, 2013 7:58pm Oct 9, 2013 7:58pm
Ozzie is TRYING to go up. Normally the Ozzie can only go up if the US Dollar is going down...Take a look at the US Dollar charts. particularly the 1h chart. You will see what looks to be an ABC retracement taking place. Wave C about to come into play. When wave C starts Ozzie will proceed on up.
Money Makes Money
  • #67,290
  • Oct 9, 2013 8:01pm Oct 9, 2013 8:01pm
Dollar is gaining now.. AU is struggling.. but still rising in daily chart..
  • #67,291
  • Oct 9, 2013 8:15pm Oct 9, 2013 8:15pm
AUD has no direction here. You could trade the range 9375-9425, but there is nothing else to do until it breaks out one way or the other. I think it might be rolling over, but don't have any evidence yet. Think I am going to look at another pair
  • #67,292
  • Oct 9, 2013 8:20pm Oct 9, 2013 8:20pm
lets just say im pretty damn short on AUD.
  • #67,293
  • Oct 9, 2013 8:21pm Oct 9, 2013 8:21pm
Quoting Pharm0r
lets just say im pretty damn short on AUD.
but i don't know anything so I wouldn't follow my advice.
  • #67,294
  • Oct 9, 2013 8:47pm Oct 9, 2013 8:47pm
Quoting Pharm0r
{quote} but i don't know anything so I wouldn't follow my advice.

I am learning to never go against the trend. Even if you manage your risk, it is a very bad idea. Trend direction depends on your timeframe. I look for the last swing broken to determine direction. On my timeframe (2800 tick), technically the trend is still up but inside the trend there is sideways movement (700 tick). I think there is a transition happening, which could very well mean rolling over. On a very large timeframe, we have been moving down for months. I hope it works out for you and Mr C. I will join you short if we ever take out a group of buyers.
  • #67,295
  • Oct 9, 2013 9:11pm Oct 9, 2013 9:11pm
Quoting tony95
{quote} I am learning to never go against the trend. Even if you manage your risk, it is a very bad idea. Trend direction depends on your timeframe. I look for the last swing broken to determine direction. On my timeframe (2800 tick), technically the trend is still up but inside the trend there is sideways movement (700 tick). I think there is a transition happening, which could very well mean rolling over. On a very large timeframe, we have been moving down for months. I hope it works out for you and Mr C. I will join you short if we ever take...
there is no trend (sounds like "there is no God"?)
there is, though, one universal law in trading: buying low and selling high.
As Above, So Below
  • #67,296
  • Oct 9, 2013 9:13pm Oct 9, 2013 9:13pm
Quoting Mr.C
AUD/USD: sold at 0.9459. SL @ 0.9495.
40 floating, SL moved to +1. Calling it a day. Trade safe guys!
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #67,297
  • Oct 9, 2013 9:20pm Oct 9, 2013 9:20pm
Quoting KiwiOz
Ozzie is TRYING to go up. Normally the Ozzie can only go up if the US Dollar is going down...Take a look at the US Dollar charts. particularly the 1h chart. You will see what looks to be an ABC retracement taking place. Wave C about to come into play. When wave C starts Ozzie will proceed on up.
US Dollar still going up. Ozzie & kiwi coming down.
Money Makes Money
  • #67,298
  • Oct 9, 2013 9:22pm Oct 9, 2013 9:22pm
Quoting KiwiOz
{quote} US Dollar still going up. Ozzie & kiwi coming down.

Are you looking at the dollar index? It does not include the aud.
  • #67,299
  • Oct 9, 2013 9:49pm Oct 9, 2013 9:49pm
Quoting tony95
{quote} Are you looking at the dollar index? It does not include the aud.
Usd Chart........
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Money Makes Money
  • #67,300
  • Oct 9, 2013 9:50pm Oct 9, 2013 9:50pm
Quoting KiwiOz
{quote} US Dollar still going up. Ozzie & kiwi coming down.
Ozzie targets.............
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Money Makes Money
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