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AUD/USD

  • #72,381
  • Feb 6, 2014 7:05pm Feb 6, 2014 7:05pm
Quoting Ken A
Not anytime soon for E/A unless A/U back down below .8950.
ken ur not concerned about that huge daily Doji off of big weekly support?
  • #72,382
  • Feb 6, 2014 7:09pm Feb 6, 2014 7:09pm
Quoting iNSIELD
{quote} ken ur not concerned about that huge daily Doji off of big weekly support?
I am watching it - took 20 pips from the short then reverse to long
Attached Image
  • #72,383
  • Feb 6, 2014 7:11pm Feb 6, 2014 7:11pm
Quoting Ken A
{quote} I am watching it - took 20 pips from the short then reverse to long {image}
wats ur TP?
  • #72,384
  • Feb 6, 2014 7:11pm Feb 6, 2014 7:11pm
<p>
Quoting Ken A
{quote} I am watching it - took 20 pips from the short then reverse to long <img src="http://assets.forexfactory.net/images/smilies/yim/big_grin.gif" border="0" alt="" title="Big Grin" smilieid="79" class="inlineimg" /> {image}
</p>
<p></p>

Nice...
Peace Yo!
  • #72,385
  • Feb 6, 2014 7:12pm Feb 6, 2014 7:12pm
Quoting iNSIELD
{quote} wats ur TP?
I will probably play on the Weekly for E/A looking at something 1.560 as A/U failed to take out .900
  • #72,386
  • Feb 6, 2014 7:12pm Feb 6, 2014 7:12pm
Quoting iNSIELD
{quote} wats ur TP?
if long EA 1.53xx to try again at shorting for 1.48xx, but first has to break this resistance cluster around 1.5225... may not immediately happen on this spike here, same AU 3x minor support rationale. yeah so i'm skeptical. this was pretty low volume/low liquidity, breaks tend to be more effective on slow grindier moves, this one was a bit one way and didn't really break out of the zone
what can we expect before NFP anyway, no more quick pips it looks like
  • #72,387
  • Feb 6, 2014 7:19pm Feb 6, 2014 7:19pm
Quoting mrluckystar
Nice...
Thanks
  • #72,388
  • Feb 6, 2014 7:39pm Feb 6, 2014 7:39pm
entered long at 0.89355. very weak push down. TP set at 0.90190
Take what the market gives you.
  • #72,389
  • Feb 6, 2014 7:45pm Feb 6, 2014 7:45pm
Hopefully it will test back at 0.8875...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-07-09-42-04.png Size: 295 KB
Peace Yo!
  • #72,390
  • Feb 6, 2014 7:47pm Feb 6, 2014 7:47pm
Quoting mrluckystar
Hopefully it will test back at 0.8875... {image}
looking the same but here distanc e to 90xx and 887x is the same, it's a tough guess
for me i will be flat for now and await further developments if 90xx prints before 88xx then that's the best sell of course
this low liq move may be a bear trap for 90xx, i don't know, so gonna stay out
the high EU very slightly biases for a bearish movement in AU
  • #72,391
  • Feb 6, 2014 7:47pm Feb 6, 2014 7:47pm
Quoting skyhawkps
Here is my graph today for AU. I'm expecting bearish movement in h4 chart. {image}
incredible indicators! couldc u share them with us?
  • #72,392
  • Feb 6, 2014 7:53pm Feb 6, 2014 7:53pm
<p>
Quoting eurusd_trade
{quote} looking the same but here distanc e to 90xx and 887x is the same, it's a tough guess for me i will be flat for now and await further developments if 90xx prints before 88xx then that's the best sell of course this low liq move may be a bear trap for 90xx, i don't know, so gonna stay out
</p>
<p></p>

Strong feeling it will tank...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-07-09-51-32.png Size: 713 KB
Peace Yo!
  • #72,393
  • Feb 6, 2014 7:54pm Feb 6, 2014 7:54pm
Quoting mrluckystar
<p>{quote}</p> <p></p> Strong feeling it will tank... {image}
believe me i do too, especially with the high EU
i'm just always skpetical these days, anything can happen, just have to watch it as it happens. until we firmly close outside of the 3x-7x box, forget about it
to buy here and play the range is an acceptable trade but i'm not doing it
i wouldn't sell here unless this support breaks more convincingly
  • #72,394
  • Feb 6, 2014 7:57pm Feb 6, 2014 7:57pm
its only a small fix due to divergence on the 4H chart.
Take what the market gives you.
  • #72,395
  • Feb 6, 2014 8:10pm Feb 6, 2014 8:10pm
<p>
Quoting eurusd_trade
{quote} believe me i do too, especially with the high EU i'm just always skpetical these days, anything can happen, just have to watch it as it happens. until we firmly close outside of the 3x-7x box, forget about it to buy here and play the range is an acceptable trade but i'm not doing it i wouldn't sell here unless this support breaks more convincingly
</p>
<p></p>

Expecting 60 pip drop of AU... and give me 120pip on EA...
Peace Yo!
  • #72,396
  • Feb 6, 2014 8:10pm Feb 6, 2014 8:10pm
Quoting Tiggrrr
entered long at 0.89355. very weak push down. TP set at 0.90190
me too what's ur sl...
  • #72,397
  • Feb 6, 2014 8:12pm Feb 6, 2014 8:12pm
Quoting mrluckystar
<p>{quote}</p> <p></p> Expecting 60 pip drop of AU... and give me 120pip on EA...
it looks so obvious doesn't it? which is why it's probably going to be a lot more circuitous.
there is no easy money in trading. i trade the PA as it goes. nothing going on right now, so flat
i hope you get it
  • #72,398
  • Feb 6, 2014 8:29pm Feb 6, 2014 8:29pm
Quoting irongoose
Summary of main points: Raises GDP growth and inflation forecasts after the AUD decline Period of stability in rates likely given current outlook on prices, activity Further signs very stimulatory policy working Sees underlying inflation near top of band by mid-2014 before slowing toward 2.5% Forecasts GDP growth 2.75% mid-2014, 2.25-3.25 end 2014, 3-4 end 2015, 3-4.5 mid-2016 Forecasts underlying inflation at 3% mid-2014, 2.25-3.25 to mid-2015, 2-3 pct after Inflation to ease later in 2014 given slow wage growth, limited domestic cost pressure...
I think this sounds too bullish from reading the Monetary policy statement myself.

Page 4

"There are a number of plausible explanations for the higher than expected inflation data in the December quarter, and so the implications of that for activity and inflation are unclear at this stage. In particular, there is uncertainty about the speed and extent of pass-through of the lower exchange rate, which is working to increase inflation, and the weaker growth of wages, which is working in the other direction"

Amongst other things, given the recent increase in consumer spending and the expectation of continued weaker mining investment, RBA expects Household savings rates to continue to decline. Unemployment levels also expected to increase a bit and labor participation low. So, implicit in these variables growth will remain a problem for a while and trade balance will only get worse. I would really watch income levels and any other leading indicator with respect to the trajectory changing in the future however I don't think the RBA expects to see this changing much for a while.

So I would sell rallies and keep my bias in the "short" camp for some time to come. Those are the facts of course. Price may just decide to dictate otherwise from factors other than those stated in the RBA statement.
The coincidental success is more dangerous than the expected failure
  • #72,399
  • Edited Feb 7, 2014 12:41am Feb 6, 2014 9:29pm | Edited Feb 7, 2014 12:41am
Attachment
Quoting Powerslave
{quote} incredible indicators! couldc u share them with us?

Here you go! Trade well!!!

This will NOT going to stay longer here at this page after 6 hrs later will be deleted.
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  • #72,400
  • Feb 6, 2014 9:32pm Feb 6, 2014 9:32pm
Quoting eurusd_trade
{quote} it looks so obvious doesn't it? which is why it's probably going to be a lot more circuitous. there is no easy money in trading. i trade the PA as it goes. nothing going on right now, so flat i hope you get it
and looks like potentially heading back to intraday pivots at 8950
people don't want to take this anywhere before NFP. it's kind of unlikely this box goes before then but will have to see
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