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AUD/USD

  • #68,201
  • Oct 20, 2013 7:24am Oct 20, 2013 7:24am
Quoting dpaulinla
{quote} Ken A is that fibonacci levels???? I daily fibo's are not even close to that. I guess it all depends where you put you A-B thought.
Regular Daily Fibo might not work but Fibonacci Extension 38.2 and 61.8 work like clockwork so far.

Fibonacci Extension:

Yesterday's Hi - lo to Daily Pivot

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  • #68,202
  • Oct 20, 2013 10:33am Oct 20, 2013 10:33am
Quoting Ken A
{quote} You are always 100% correct

hmm....now you made me feel that there was definitely something wrong
  • #68,203
  • Oct 20, 2013 11:11am Oct 20, 2013 11:11am
Quoting lumesh
{quote} hmm....now you made me feel that there was definitely something wrong
You're trading Forex for quite a long time Lumesh. You should know by now that there is something wrong everyday that the Euro advances
Those who say it cannot be done should not interrupt those who are doing it
  • #68,204
  • Oct 20, 2013 11:41am Oct 20, 2013 11:41am
Quoting PipTrapper
{quote} You're trading Forex for quite a long time Lumesh. You should know by now that there is something wrong everyday that the Euro advances

lol...it's always about you and your bear






(sidenote: the man on the picture is not THE Piptrapper and the bear is only Euro Bear's distant relative.)
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  • #68,205
  • Oct 20, 2013 11:50am Oct 20, 2013 11:50am
Quoting lumesh
{quote} lol...it's always about you and your bear (sidenote: the man on the picture is not THE Piptrapper and the bear is only Euro Bear's distant relative.) {image}
That's right. That bear is CADBear and the person is Stephen Harper's mother (or father. I cannot tell because they look alike... brother and sister)
Those who say it cannot be done should not interrupt those who are doing it
  • #68,206
  • Oct 20, 2013 12:38pm Oct 20, 2013 12:38pm
Hi, au daily chart - some levels for upcomming week below. Looks like au comes to first supply zone and fibo cluster.
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  • #68,207
  • Oct 20, 2013 2:56pm Oct 20, 2013 2:56pm
Quoting lumesh
{quote} hmm....now you made me feel that there was definitely something wrong
I was being polite to FF senior 2006
  • #68,208
  • Oct 20, 2013 3:16pm Oct 20, 2013 3:16pm
I expect retracement to around 93-94 where will average in long.
  • #68,209
  • Oct 20, 2013 3:26pm Oct 20, 2013 3:26pm
Quoting defcon123
{quote} you must be crazy to short this market...or you probably have a huge enough account to wait it out..i see this thing going to parity before it tanks
Hey it's never too late to pass judgement after knowing the position size or the risk one is taking or his base currency because he could be on the side of positive swap even being wrong or and to hold long enough until profits without inflicting any pain.
  • #68,210
  • Oct 20, 2013 3:37pm Oct 20, 2013 3:37pm
considering a short at 0.97

i think i will start shorting with small positions with the market open all the way up to 0.9750 (to average my short, of course if we get there!), SL would be above the 61.8 Fibbo retracement at 0.9950, and TP would be HELL LOL, actually 0.89 :nerd:

please refer to the attached chart
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  • #68,211
  • Oct 20, 2013 3:44pm Oct 20, 2013 3:44pm
Well, knock yourself out. Meanwhile I am waiting to close my only long that is still running from .89xx. Or I will just leave it there for positive swap and highly possible it will not see .89xx for awhile.
  • #68,212
  • Oct 20, 2013 4:02pm Oct 20, 2013 4:02pm
Quoting Ken A
Well, knock yourself out. Meanwhile I am waiting to close my only long that is still running from .89xx. Or I will just leave it there for positive swap and highly possible it will not see .89xx for awhile.
now i know this might seem imagenary or not possible, but honestly this is how i see AU! i did not want to post my full analysis in the earlier post as it would make some people freakout or probably call me insane LOL

anyhow, please have a look at my chart, you see the pair did complet ABCD pattern much earlier and has already retraced pass the 38.2 Fibbo retracement, i see the current move as a correction to be followed with a move towards the 50 Fibbo before retracing and contiuing all the way down to 0.81xx!
Attached Image (click to enlarge)
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  • #68,213
  • Oct 20, 2013 4:11pm Oct 20, 2013 4:11pm
I always have a dream that technical will always dictate where PA is going and be a billionare.
  • #68,214
  • Oct 20, 2013 4:14pm Oct 20, 2013 4:14pm
Quoting Ken A
I always have a dream that technical will always dictate where PA is going and be a billionare.
alright in 4 - 6 months time (if we are both a life, still trading and using FF) i will remind you of my earlier set target
  • #68,215
  • Oct 20, 2013 4:15pm Oct 20, 2013 4:15pm
I'm shorting Aud/Usd targeting 40 - 50 pips. Reason - Fundamental analysis

http://edition.cnn.com/2013/10/20/wo...stralia-fires/
  • #68,216
  • Oct 20, 2013 4:25pm Oct 20, 2013 4:25pm
Well I am not saying you are wrong or right. It will be a noob to say that if not knowing the market dynamics. Meanwhile I have other pairs short that are giving +1,000 pips per position and still running and waiting for other pairs with the same potential.

I did not short A/U from 1.06x due to negative swaps and not going to start at the mid of nowhere.

If you were right 4-5 months later you have my cobgratulation now and please knock yourself out.
  • #68,217
  • Oct 20, 2013 5:13pm Oct 20, 2013 5:13pm
Quoting fxmasterdxb
{quote} now i know this might seem imagenary or not possible, but honestly this is how i see AU! i did not want to post my full analysis in the earlier post as it would make some people freakout or probably call me insane LOL anyhow, please have a look at my chart, you see the pair did complet ABCD pattern much earlier and has already retraced pass the 38.2 Fibbo retracement, i see the current move as a correction to be followed with a move towards the 50 Fibbo before retracing and contiuing all the way down to 0.81xx! {image}

Hi. I'm curious as to why you took the your fib from the low that you did?
FF journal: Peaks and Troffs
  • #68,218
  • Oct 20, 2013 5:26pm Oct 20, 2013 5:26pm
Quoting kinzu
I'm shorting Aud/Usd targeting 40 - 50 pips. Reason - Fundamental analysis http://edition.cnn.com/2013/10/20/wo...stralia-fires/
Homes burning down is actually good for the construction industry.
What you need to make Aussie bearish is a natural disaster that interrupts economic output. A few houses burning down actually stimulates output. Believe it or not.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,219
  • Oct 20, 2013 5:28pm Oct 20, 2013 5:28pm
Quoting Ken A
Well I am not saying you are wrong or right. It will be a noob to say that if not knowing the market dynamics. Meanwhile I have other pairs short that are giving +1,000 pips per position and still running and waiting for other pairs with the same potential. I did not short A/U from 1.06x due to negative swaps and not going to start at the mid of nowhere. If you were right 4-5 months later you have my cobgratulation now and please knock yourself out.
Did you manage to long the Kiwi as well?
Those who say it cannot be done should not interrupt those who are doing it
  • #68,220
  • Oct 20, 2013 5:30pm Oct 20, 2013 5:30pm
Quoting PipTrapper
{quote} Did you manage to long the Kiwi as well?
Nope. But shorted EUR/NZD from the top - the positive swaps are not bad at all.

Don't short E/U. Keep and eye on EUR/CAD. I am waiting above 1.418
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