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AUD/USD

  • #69,341
  • Nov 10, 2013 6:43pm Nov 10, 2013 6:43pm
Quoting SeanyTsunami
Trading long at this point would be buying back into resistance.
That "resistance" should be broken any minute now. It was already good for an 11-pip scalp and it should be good still
Please check out my blog at https://from-zero-to-hero . net
  • #69,342
  • Nov 10, 2013 6:43pm Nov 10, 2013 6:43pm
Based on the recent positive news from China buying seems more possible option if looking at short term...
  • #69,343
  • Nov 10, 2013 6:46pm Nov 10, 2013 6:46pm
Quoting smash1820
{quote} That "resistance" should be broken any minute now.
I was referring to 0.9450 area as resistance. Potential to buy now, but I would be concerned about the bar lows, above us.
  • #69,344
  • Nov 10, 2013 6:48pm Nov 10, 2013 6:48pm
Quoting SeanyTsunami
{quote} Trading long at this point would be buying back into resistance.
Ozzie looks likely to trade back to the Daily pivot as usual at 0.9405 & maybe up to 0.9425 before continuing on down to the next target at 0.9130.
Money Makes Money
  • #69,345
  • Nov 10, 2013 6:48pm Nov 10, 2013 6:48pm
There is a couple pinbars on the 4hr, but I would imagine those are from Fridays liquidation. My thoughts are a retrace to resistance and a follow through south,
to fill some gaps from way back.
  • #69,346
  • Nov 10, 2013 6:53pm Nov 10, 2013 6:53pm
Quoting smash1820
{quote} That "resistance" should be broken any minute now. It was already good for an 11-pip scalp and it should be good still
Of course I am just sharing my opinion, I like the input, I am here to learn.
  • #69,347
  • Nov 10, 2013 6:54pm Nov 10, 2013 6:54pm
Quoting KiwiOz
{quote} Ozzie looks likely to trade back to the Daily pivot as usual at 0.9405 & maybe up to 0.9425 before continuing on down to the next target at 0.9130.
Ditto for the Eur/Aud. Daily Pivot at 1.4215 with DS1 at 1.4167 possible, before turning back to the next target at 1.4385............
Money Makes Money
  • #69,348
  • Nov 10, 2013 6:55pm Nov 10, 2013 6:55pm
Quoting KiwiOz
{quote} Ozzie looks likely to trade back to the Daily pivot as usual at 0.9405 & maybe up to 0.9425 before continuing on down to the next target at 0.9130.
Agreed...
  • #69,349
  • Nov 10, 2013 7:10pm Nov 10, 2013 7:10pm
Quoting adnan007
{quote} Agreed...

Right, it makes extremely, very noticeable steep move up toward Daily pivot at 0.9405
The Market pays you to be disciplined
  • #69,350
  • Nov 10, 2013 7:27pm Nov 10, 2013 7:27pm
Quoting smash1820
{quote} That "resistance" should be broken any minute now. It was already good for an 11-pip scalp and it should be good still
I would agree we will see a move higher. It would be good for a quick scalp north. I was looking at a longer term view. Didn't mean to offend, not sure if I did.
Just sharing my opinion, I could very well be wrong. I am here to learn.
  • #69,351
  • Nov 10, 2013 7:27pm Nov 10, 2013 7:27pm
Quoting SeanyTsunami
Of course I am just sharing my opinion, I like the input, I am here to learn.
Of course, Seany. I think we are all here to learn, including myself, no exceptions

I guess trading decisions are a matter of your perspective though. I think 0.94 - 0.945 is a good target for longs, but be aware that it is also possible (with an emphasis on that word) for Aussie to break above resistance at 0.945, since the 4H, Daily, Weekly, and Monthly TF's all look relatively bullish to me.

But I am a very short-term scalper, so I would imagine my long-term thoughts are pretty useless here. I just started trading Aussie, as I have switched to a basket approach.
Please check out my blog at https://from-zero-to-hero . net
  • #69,352
  • Nov 10, 2013 8:08pm Nov 10, 2013 8:08pm
Quoting KissFan
I can't say with any confidence where Aussie is going but I have been looking at the gap from September for a few weeks now. I like the odds for a closing of it over the next few days or weeks. K.I.S.S. {image}
Good analysis as usual.
  • #69,353
  • Nov 10, 2013 8:09pm Nov 10, 2013 8:09pm
Quoting smash1820
{quote} Of course, Seany. I think we are all here to learn, including myself, no exceptions I guess trading decisions are a matter of your perspective though. I think 0.94 - 0.945 is a good target for longs, but be aware that it is also possible (with an emphasis on that word) for Aussie to break above resistance at 0.945, since the 4H, Daily, Weekly, and Monthly TF's all look relatively bullish to me. But I am a very short-term scalper, so I would imagine my long-term thoughts are pretty useless here. I just started trading Aussie, as I have...

Of course, looking from a shorter term perspective I can for sure see where your coming from. Best of luck to you and your trades.
  • #69,354
  • Nov 10, 2013 8:55pm Nov 10, 2013 8:55pm
Looking for .928-.9300.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-10-TOS_CHARTS.png Size: 104 KB
When the facts change I change my mind, what do you do sir
  • #69,355
  • Nov 10, 2013 9:05pm Nov 10, 2013 9:05pm
Quoting Pip Anon
Looking for .928-.9300. {image}
Well, you are interrupting long bias in this thread....
The Market pays you to be disciplined
  • #69,356
  • Nov 10, 2013 9:07pm Nov 10, 2013 9:07pm
Quoting Pip Anon
Looking for .928-.9300. {image}
Wah, yeah me too, hunting those long stop tonight below the 9350 level
All posts are my personal opinion
  • #69,357
  • Nov 10, 2013 9:21pm Nov 10, 2013 9:21pm
Quoting mima
{quote} Well, you are interrupting long bias in this thread....
I just follow the charts as they are my crystal ball lol. Potentially a pull back to .9425 near the 50 EMA, but there clear downtrend. With fears of a fed taper, dollar will become more stable. And the RBA still says the AUD is "historically" high.

Although, mind you I don't scalp for six pips. I'm looking for 75-125+ pips. So, theoretically depending on your timeframe we both could be right.
When the facts change I change my mind, what do you do sir
  • #69,358
  • Nov 10, 2013 9:25pm Nov 10, 2013 9:25pm
Quoting Pip Anon
Looking for .928-.9300. {image}
I may be a little crazy. I hold shorts, will add at rallies. Why I do not take long? spx can take a dump any time soon, that will affect aussie big time.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie_117.png Size: 188 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #69,359
  • Nov 10, 2013 9:30pm Nov 10, 2013 9:30pm
Quoting Pip Anon
{quote} I just follow the charts as they are my crystal ball lol. Potentially a pull back to .9425 near the 50 EMA, but there clear downtrend. With fears of a fed taper, dollar will become more stable. And the RBA still says the AUD is "historically" high. Although, mind you I don't scalp for six pips. I'm looking for 75-125+ pips. So, theoretically depending on your timeframe we both could be right.
Good analysis. I agree.
  • #69,360
  • Nov 10, 2013 9:37pm Nov 10, 2013 9:37pm
Quoting SeanyTsunami
{quote} Good analysis. I agree.


The .9757 was 50% retracement from the 1.0597 top. That was the big move everyone was waiting for on the way down to .8847. Boy all those accounts that got blown up.

.928 i see some support, but a break down lower could happen to .92
When the facts change I change my mind, what do you do sir
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