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AUD/USD

  • #69,521
  • Nov 12, 2013 2:01pm Nov 12, 2013 2:01pm
Quoting Cazadores
{quote} Hey Pip Trapper- With all due respect, what is your chart/fundamental reasoning here? The crossover of the 50EMA below the 200EMA on the 4HR chart not to mention all the taper caper talk PERCEIVED as moved up closer, not to mention soft AUD data, I cannot see this going up until perhaps Janet starts Yellen at the end of the week? Can you share your reasoning and timeline? Regards- Caz
A picture says a thousand words.
Not saying it WILL pull back, but it was rejected at support with bullish divergence.
A/U H4 (click on the image for a larger view)
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 73 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #69,522
  • Nov 12, 2013 2:05pm Nov 12, 2013 2:05pm
Quoting Pip Anon
{quote} Given the same chart I posted previously Aussie is playing it to T. Next level of significant support at .9217 AUD news is lacking this week, so it leaves it up to key NZD news for a possible trade. Dollar taking a nap, but we'll see. IMO, the longer it lingers in this zone the greater chance of a bounce. In that case, .9315-30. A little wide, but it is somewhat of a congestion zone. Gold heading lower as I like. Still liking 1250 before any talk of a bounce. UK inflation dropped much more than expected. It looks like we are heading into...

NZ FS report not looking good for the Kiwi.
Goodbye Mr Kiwi
http://www.rbnz.govt.nz/financial_st...bility_report/
Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #69,523
  • Nov 12, 2013 2:15pm Nov 12, 2013 2:15pm
Quoting PipTrapper
{quote} NZ FS report not looking good for the Kiwi. Goodbye Mr Kiwi http://www.rbnz.govt.nz/financial_st...bility_report/ http://www.youtube.com/watch?v=sdUUx5FdySs


Still got levels underneath
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-12-TOS_CHARTS.png Size: 140 KB
When the facts change I change my mind, what do you do sir
  • #69,524
  • Nov 12, 2013 2:20pm Nov 12, 2013 2:20pm
Quoting Pip Anon
{quote} Still got levels underneath {image}
Neckline is toast. Should offer up strong resistance now.
Yep, plenty of levels to bounce from, but they will probably look like this...
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #69,525
  • Nov 12, 2013 2:41pm Nov 12, 2013 2:41pm
Quoting PipTrapper
{quote} A picture says a thousand words. Not saying it WILL pull back, but it was rejected at support with bullish divergence. A/U H4 (click on the image for a larger view) {image}

So the MACD losing steam is your position? I suppose timeline is the difference between our views. I would agree after Janet starts Yellen anything dovish this would support your view later in the week. However, it seems to me there is plenty of room for scalping down between .9320 to 9280 until then?

Can you clarify your timeline?


Regards-


Caz
  • #69,526
  • Nov 12, 2013 2:44pm Nov 12, 2013 2:44pm
Quoting Cazadores
{quote} So the MACD losing steam is your position? I suppose timeline is the difference between our views. I would agree after Janet starts Yellen anything dovish this would support your view later in the week. However, it seems to me there is plenty of room for scalping down between .9320 to 9280 until then? Can you clarify your timeline? Regards- Caz
Some time between now and just before the USD wakes up again.
Sorry I suck at timing, but usually pretty good at levels.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,527
  • Nov 12, 2013 2:59pm Nov 12, 2013 2:59pm
Quoting PipTrapper
{quote} Some time between now and just before the USD wakes up again. Sorry I suck at timing, but usually pretty good at levels.

Well, I am no timing expert either, however I did spot the reversal(hardest part of this dog and pony show in my view) and have been mopping up on the AUD/USD and NZD/USD to the downside. Trying to figure out how long I can play this until the next reversal loooong...


Thx for your view

Caz
  • #69,528
  • Nov 12, 2013 3:46pm Nov 12, 2013 3:46pm
Thought I'd pop my head so you guys don't think I've done my dash. I'm on holidays with the family for the next 2 weeks so I'll be away from here.
Just in case your wondering. I'm still Long people. Good Trading all
  • #69,529
  • Nov 12, 2013 3:49pm Nov 12, 2013 3:49pm
Quoting SpartanTrade
Thought I'd pop my head so you guys don't think I've done my dash. I'm on holidays with the family for the next 2 weeks so I'll be away from here. Just in case your wondering. I'm still Long people. Good Trading all
Enjoy your holidays Spartan.
Cheers.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,530
  • Nov 12, 2013 5:36pm Nov 12, 2013 5:36pm
Quoting SpartanTrade
Thought I'd pop my head so you guys don't think I've done my dash. I'm on holidays with the family for the next 2 weeks so I'll be away from here. Just in case your wondering. I'm still Long people. Good Trading all
Enjoy!

I'm also long AUD now, you are not alone here.

The reason why I long AUD around 0.93 is news in China indicate USD/RMB will drop under 6 by the end of this year. So I guess AUD would have a big chance to climb from 0.93, since 0.9260- 0.93 was strong support.

I'm not expert, you guys can tell me if I'm wrong.
  • #69,531
  • Nov 12, 2013 6:00pm Nov 12, 2013 6:00pm
Quoting SpartanTrade
Thought I'd pop my head so you guys don't think I've done my dash. I'm on holidays with the family for the next 2 weeks so I'll be away from here. Just in case your wondering. I'm still Long people. Good Trading all
Have a good one
FF journal: Peaks and Troffs
  • #69,532
  • Nov 12, 2013 6:01pm Nov 12, 2013 6:01pm
Price is drifting up with out much conviction. Too early for longs IMHO.
FF journal: Peaks and Troffs
  • #69,533
  • Nov 12, 2013 6:05pm Nov 12, 2013 6:05pm
Quoting PipTrapper
{quote} We will likely see Aussie attempt a pullback to 9400 area first.
Agreed. I was way too early calling the pullbacks yesterday. Sorry folks. Today should be the day.
Money Makes Money
  • #69,534
  • Nov 12, 2013 6:21pm Nov 12, 2013 6:21pm
Quoting KiwiOz
{quote} Agreed. I was way too early calling the pullbacks yesterday. Sorry folks. Today should be the day.
No worries.
I love this forum. I found you guys are very nice and always share your plans and thoughts. Thanks. I learned a lot.
  • #69,535
  • Nov 12, 2013 6:34pm Nov 12, 2013 6:34pm
Time for dollar bulls to make some monies
  • #69,536
  • Nov 12, 2013 6:42pm Nov 12, 2013 6:42pm
I am in the bulls camp if .9280 is being rejected. We have a day close above .9280, but overall, this pair looks weak though.
The true fact is market doesn't care, risk mgt is important.
  • #69,537
  • Nov 12, 2013 6:48pm Nov 12, 2013 6:48pm
Some views of mine

Im a longer term trader but will sometimes trade shorter term movements.

AUD is down on a higher timeframe and also is now in a downtrend on a shorter timeframe. IMO

However right now it is at a great support level which also rests on the pivot looking at the daily.

Would I go long, NO not until PA stableises and i see some nice green bars heading in the right direction.

If PA breaks through this area quite easily then i think it could be a sharp drop to 88 and below.

Very risky to be long at the minute, Just my thoughts.
  • #69,538
  • Nov 12, 2013 6:54pm Nov 12, 2013 6:54pm
Quoting feather
Some views of mine Im a longer term trader but will sometimes trade shorter term movements. AUD is down on a higher timeframe and also is now in a downtrend on a shorter timeframe. IMO However right now it is at a great support level which also rests on the pivot looking at the daily. Would I go long, NO not until PA stableises and i see some nice green bars heading in the right direction. If PA breaks through this area quite easily then i think it could be a sharp drop to 88 and below. Very risky to be long at the minute, Just my thoughts.
I'm in complete agreement with all of this! It's a critical point. Safer to be short IMO, but could easily see a retrace to .9400ish.
  • #69,539
  • Nov 12, 2013 8:26pm Nov 12, 2013 8:26pm
Quoting feather
Some views of mine Im a longer term trader but will sometimes trade shorter term movements. AUD is down on a higher timeframe and also is now in a downtrend on a shorter timeframe. IMO However right now it is at a great support level which also rests on the pivot looking at the daily. Would I go long, NO not until PA stableises and i see some nice green bars heading in the right direction. If PA breaks through this area quite easily then i think it could be a sharp drop to 88 and below. Very risky to be long at the minute, Just my thoughts.

FF journal: Peaks and Troffs
  • #69,540
  • Nov 12, 2013 9:39pm Nov 12, 2013 9:39pm
closed my long on the AUDCAD..AND went short. ..when you are you are wrong!!!
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