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AUD/USD

  • #72,761
  • Feb 18, 2014 4:36am Feb 18, 2014 4:36am
Quoting KiwiOz
{quote} Hi Ssm. Where do you see a prolonged right arm.??
Are you looking at H4 or Day chart?
The true fact is market doesn't care, risk mgt is important.
  • #72,762
  • Feb 18, 2014 4:44am Feb 18, 2014 4:44am
Quoting Ssm
{quote} Are you looking at H4 or Day chart?
Daily
Money Makes Money
  • #72,763
  • Feb 18, 2014 4:46am Feb 18, 2014 4:46am
Quoting Ssm
{quote} Are you looking at H4 or Day chart?
There appears to be a large inverted HnS forming on the Aud/Usd But the small & large I was refering to are on the Eur/Aud daily.
Money Makes Money
  • #72,764
  • Feb 18, 2014 4:53am Feb 18, 2014 4:53am
Quoting KiwiOz
{quote} There appears to be a large inverted HnS forming on the Aud/Usd But the small & large I was refering to are on the Eur/Aud daily.
You mean like this?

http://i1116.photobucket.com/albums/...ps1f5d9d15.jpg
The true fact is market doesn't care, risk mgt is important.
  • #72,765
  • Feb 18, 2014 4:57am Feb 18, 2014 4:57am
Quoting Ssm
{quote} You mean like this? {image}
No. That is a HnS. I am talking about an INVERTED HnS. Check my pics I posted you will see the little turquoise boxes showing what I mean.
It is still forming & will need to get down to around 0.8850/80 then reverse back up to around 0.93/94 to be validated.
Money Makes Money
  • #72,766
  • Feb 18, 2014 4:59am Feb 18, 2014 4:59am
Quoting Ssm
{quote} You mean like this? {image}
Ooops sorry I see that is the Eur/Aud..Yes correct.
Money Makes Money
  • #72,767
  • Feb 18, 2014 5:02am Feb 18, 2014 5:02am
Quoting Ssm
{quote} You mean like this? {image}

Looks like the Middle Finger
  • #72,768
  • Feb 18, 2014 5:16am Feb 18, 2014 5:16am
Quoting KiwiOz
{quote} Ooops sorry I see that is the Eur/Aud..Yes correct.
Thats what I mean, right shoulder will be lengthy, which do not looks like a HnS.
The true fact is market doesn't care, risk mgt is important.
  • #72,769
  • Feb 18, 2014 5:20am Feb 18, 2014 5:20am
Quoting Ssm
{quote} Thats what I mean, right shoulder will be lengthy, which do not looks like a HnS.
So long as the right shoulder tops out by the end of this week it will look ok. Some HnSs can be ugly. Of course it may not evolve. just something ti be aware & wary of.
Money Makes Money
  • #72,770
  • Feb 18, 2014 8:02am Feb 18, 2014 8:02am
Price action is looking mildly supportive of shorts. There is always the chance of a big muvver spike on e.g. crap jobless claims on Fursday but that would probably represent a good opportunity to add to shorts.
I have no clue what I'm talking about.
  • #72,771
  • Feb 18, 2014 10:36am Feb 18, 2014 10:36am
It needs to break through the resistance zone of 0.9050 - 0.9080.
May the Probability be with you!
  • #72,772
  • Feb 18, 2014 3:02pm Feb 18, 2014 3:02pm
I cannot seriously be the only one on this thread that sees if AUD breaks beyond the current region it is in that we are back to a bull run. Call the peak, .9050, .9100, .9150, what have you, but if it breaks beyond that, it's on its way up, to parity and beyond.

Look to future fundamentals (news events) to predict technical expectations.

For those drinking kook-aid re: lower interest rate in AUD, the RBA is NOT the FED!

For those that think retailers have any sway on the price of the AUD, with all due respect, you're a mite on a flea on a dog's ass. Your trade position doesn't mean shit.

Look at the BIGGER picture. What is coming ahead?
  • #72,773
  • Feb 18, 2014 3:24pm Feb 18, 2014 3:24pm
Quoting TheTopBloke
I cannot seriously be the only one on this thread that sees if AUD breaks beyond the current region it is in that we are back to a bull run. Call the peak, .9050, .9100, .9150, what have you, but if it breaks beyond that, it's on its way up, to parity and beyond. Look to future fundamentals (news events) to predict technical expectations. For those drinking kook-aid re: lower interest rate in AUD, the RBA is NOT the FED! For those that think retailers have any sway on the price of the AUD, with all due respect, you're a mite on a flea on a dog's...
i don't have a crystal ball, so I don't know what is coming ahead. If you do have a crystal ball, you don't say.
Trade what you see, not what you think!
  • #72,774
  • Feb 18, 2014 3:50pm Feb 18, 2014 3:50pm
I'm going short
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  • #72,775
  • Feb 18, 2014 3:52pm Feb 18, 2014 3:52pm
Quoting KiwiOz
{quote} There appears to be a large inverted HnS forming on the Aud/Usd But the small & large I was refering to are on the Eur/Aud daily.
FF journal: Peaks and Troffs
  • #72,776
  • Feb 18, 2014 4:28pm Feb 18, 2014 4:28pm
Quoting Trademunity
It needs to break through the resistance zone of 0.9050 - 0.9080.
IMO, these 2 levels .905 and .908 served as major resistance. Just look at how it is being rejected at these 2 levels.
Technically, we might be forming a triple top in big TF. Unless, we goes back to .91 and above, otherwise, we are still in the bears territory, and that a major decline might be in the pipeline back to .88 levels.
The true fact is market doesn't care, risk mgt is important.
  • #72,777
  • Feb 18, 2014 4:43pm Feb 18, 2014 4:43pm
I'm Short from 0.9024, not sure about TP yet, might let it run. Depends how we go around the 0.9000 level.
Although the last time I let it run it came back to bite me and I broke even!!
Whats it all about anyway?
  • #72,778
  • Feb 18, 2014 6:05pm Feb 18, 2014 6:05pm
AUD/USD has been giving me a weird feeling these past few days, especially yesterday.

It just feels as if technicals should be bringing it down, but fundamentals/sentiment is taking over, like it refuses to budge much downwards and instead is preparing for a launch higher, if that makes any sense.

Anyone feel the same?
  • #72,779
  • Feb 18, 2014 6:09pm Feb 18, 2014 6:09pm
0.9000 is a critical number. give it some time. the bank said they want 0.85, i won't go against them.
  • #72,780
  • Feb 18, 2014 6:14pm Feb 18, 2014 6:14pm
just because aud will be to 0.80 level，think about no car industry will exist in AU. China is still slowing down especially in infrastructure investment.
however rba changed statement，it makes aud not too bad now. so it is not easy to push aud to new low. but no one want to push it north too high to hold massive sell
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