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AUD/USD

  • #70,021
  • Nov 28, 2013 1:17am Nov 28, 2013 1:17am
fundamentals doesn't support AUD to stay below 0.9100 this year, it might do a quick hit 0.9050 or ever lower around 0.90. AUD has great potential to reach 0.96 above again by the end of this year.
  • #70,022
  • Nov 28, 2013 1:19am Nov 28, 2013 1:19am
Quoting zew
fundamentals doesn't support AUD to stay below 0.9100 this year, it might do a quick hit 0.9050 or ever lower around 0.90. AUD has great potential to reach 0.96 above again by the end of this year.
Fundamental doesn't support... but technically & RBA is very support
  • #70,023
  • Nov 28, 2013 1:54am Nov 28, 2013 1:54am
Lines
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FF journal: Peaks and Troffs
  • #70,024
  • Nov 28, 2013 2:00am Nov 28, 2013 2:00am
Quoting szpowerx
{quote} But we care the market, so we assume certain condition, the market is wrong.
The market is never wrong. You are either in accordance with the market or you are wrong. There is no other alternative.
  • #70,025
  • Nov 28, 2013 2:21am Nov 28, 2013 2:21am
Quoting k3nshinz3139
{quote} Fundamental doesn't support... but technically & RBA is very support
Forget RBA, as I said before, they can't control commodity market
  • #70,026
  • Nov 28, 2013 2:24am Nov 28, 2013 2:24am
Quoting zew
{quote} Forget RBA, as I said before, they can't control commodity market
but as I see.. RBA is did quite well for the Aussie so far.. Pressure keep exist in this Aussie even the market want to shoot this pair up.. drop drop drop then up a bit.. then continue sell rally..
  • #70,027
  • Nov 28, 2013 2:30am Nov 28, 2013 2:30am
Quoting 2+2=4ex
{quote} The market is never wrong. You are either in accordance with the market or you are wrong. There is no other alternative.
Have you ever heard, when you find the market is wrong, ready for making money?
Outcome is not important at all, but correct technique is what only matters
  • #70,028
  • Nov 28, 2013 3:27am Nov 28, 2013 3:27am
Quoting 5percent
{quote} 1 lower high near 0.9140 provided support turns resistance yesterday, currently still the resistance from the earlier AUD's news spike up. 2nd lower high at 0.9205-10 zone. 0.9200 was the first bounce it provided from 0.9200-45 area. Our previous old support was 0.9269-80 where it provided the up-trend support to 0.97 and 0.95, and last @ 0.9440 just 1 week ago before the move down. Potential mid-term strong support turns resistance test @ 0.9269-80 zone. 1 lower high @ 0.9140 if ignited and closed above post challenge for 0.9175-80, one...
Very tidy summary, i will follow your style of plan in future. Thanks!
Outcome is not important at all, but correct technique is what only matters
  • #70,029
  • Nov 28, 2013 3:45am Nov 28, 2013 3:45am
Quoting k3nshinz3139
{quote} but as I see.. RBA is did quite well for the Aussie so far.. Pressure keep exist in this Aussie even the market want to shoot this pair up.. drop drop drop then up a bit.. then continue sell rally..
too many long orders, so when RBA jumped out to complain, then big boys catch a nice chance to kill those orders.

now,more and more positive news and data coming out, big boys are waiting another chance to buy again. big boys sometime do against the fundamentals to set up traps, finally the will do what fundamentals telling.
  • #70,030
  • Nov 28, 2013 4:19am Nov 28, 2013 4:19am
Quoting zew
{quote} too many long orders, so when RBA jumped out to complain, then big boys catch a nice chance to kill those orders. now,more and more positive news and data coming out, big boys are waiting another chance to buy again. big boys sometime do against the fundamentals to set up traps, finally the will do what fundamentals telling.
Correct, the time when market is in trap, we call it the market is wrong.
Outcome is not important at all, but correct technique is what only matters
  • #70,031
  • Nov 28, 2013 6:11am Nov 28, 2013 6:11am
This pair is so good to the short scalpers right now. So ideal, total waste of time to be dealing with GU or EU for shorts when this pair is trending to downside.

Maybe we'll fail at the previous high and get sent down to .9093, who knows?

#trends
  • #70,032
  • Nov 28, 2013 8:15am Nov 28, 2013 8:15am
Quoting Ssm
{quote} Yes Sir, if we can have a clear break of .9130 and above today, then the bulls are out of the woods. Unfortunately, despite the good data, we are still resisted by this level.
Today .9130 failed again. We are back into deep bear territory.
The true fact is market doesn't care, risk mgt is important.
  • #70,033
  • Nov 28, 2013 8:41am Nov 28, 2013 8:41am
Quoting zew
{quote} too many long orders, so when RBA jumped out to complain, then big boys catch a nice chance to kill those orders. now,more and more positive news and data coming out, big boys are waiting another chance to buy again. big boys sometime do against the fundamentals to set up traps, finally the will do what fundamentals telling.
Man what big boys are you taking about? big boys are pushing it down small boys recklessly trying to pick up bottom again and again and failing
  • #70,034
  • Nov 28, 2013 8:45am Nov 28, 2013 8:45am
Quoting 5percent
{quote} 1 lower high near 0.9140 provided support turns resistance yesterday, currently still the resistance from the earlier AUD's news spike up. 2nd lower high at 0.9205-10 zone. 0.9200 was the first bounce it provided from 0.9200-45 area. Our previous old support was 0.9269-80 where it provided the up-trend support to 0.97 and 0.95, and last @ 0.9440 just 1 week ago before the move down. Potential mid-term strong support turns resistance test @ 0.9269-80 zone. 1 lower high @ 0.9140 if ignited and closed above post challenge for 0.9175-80, one...

Need to close above 0.9150 for further retracement.
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  • #70,035
  • Nov 28, 2013 9:11am Nov 28, 2013 9:11am
Quoting szpowerx
{quote} Have you ever heard, when you find the market is wrong, ready for making money?
That is just a way of saying inefficient. The word wrong is not being used by its true definition in that quote. There may be an inefficiency, but the actual price of something at that very moment is never wrong.
  • #70,036
  • Nov 28, 2013 9:14am Nov 28, 2013 9:14am
Quoting 2+2=4ex
{quote} That is just a way of saying inefficient. The word wrong is not being used by its true definition in that quote. The price of something at that very moment is never wrong.
Probably you are the oldest USDJPY thread member who've been active and still survive that keep posting until now bro,never stop and keep going ya !
Quote
  • #70,037
  • Nov 28, 2013 9:17am Nov 28, 2013 9:17am
Btw,NewYork Boys like selling this pairs in the past 3 month
  • #70,038
  • Nov 28, 2013 9:23am Nov 28, 2013 9:23am
still nursing my short
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That which does not kill us makes us stronger
  • #70,039
  • Nov 28, 2013 9:26am Nov 28, 2013 9:26am
today us market is closed dead to holydays still it wants to retest new lows I Don't think 200 pip retrace is possible.. we need a new low
  • #70,040
  • Nov 28, 2013 5:27pm Nov 28, 2013 5:27pm
Quoting k3nshinz3139
{quote} Still the same situation now... Sell rally .913
Locked profit at .91...

waiting PA to break below .9050

still the same target .8895
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