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AUD/USD

  • #73,341
  • Feb 27, 2014 4:53am Feb 27, 2014 4:53am
Added some longs. Looking for some space prior to news.
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  • #73,342
  • Feb 27, 2014 6:17am Feb 27, 2014 6:17am
Quoting squawk
Added some longs. Looking for some space prior to news. {image}
I don't think any of those levels marked on your chart are going to hold after another hour and 15 mins. You're looking at very weak and unestablished s/r levels after such a huge move. I do agree price seems to be accumulating long, but it's still too early in my book to long anything. It would not surprise me if price took another nosedive. That TL and resistance you have marked are doomed if that's the case.
I'm a dog chasing cars.
  • #73,343
  • Feb 27, 2014 6:26am Feb 27, 2014 6:26am
Quoting ElectroGypsy
{quote} Hmmm...an interesting interpretation. However, here is what I see at work. {image}
I agree, it just bounced off the daily 50 at 0.8909 and I'm long ! 0.8995 is where it will explode up.
  • #73,344
  • Feb 27, 2014 6:27am Feb 27, 2014 6:27am
I don't think AUDUSD will rise until it touch 0.8700 .. If it cross 0.8600 then it will be more down, if not then it will go higher .. now turning point is 0.8700 ,, my analysis can be false .. but i think so .. USD rise can stop the grouth of AUDUSD .. Now see what happen
Shahed
  • #73,345
  • Feb 27, 2014 6:36am Feb 27, 2014 6:36am
Quoting ElectroGypsy
{quote} I don't think any of those levels marked on your chart are going to hold after another hour and 15 mins. You're looking at very weak and unestablished s/r levels after such a huge move. I do agree price seems to be accumulating long, but it's still too early in my book to long anything. It would not surprise me if price took another nosedive. That TL and resistance you have marked are doomed if that's the case.
Actually both those levels are indeed the strong so far yet however the chart picture put up doesn’t illustrate this if you use auto piv its weekly s1 and daily s1 confluence level. If not you can see that price has respected this in the past as we made the bounce 2 pips shy of a BRN 8900 which is pretty bullish IMO. Just the rejection we have seen here is a possible entry for a chance to bve long with a stop below BRN. We are talking short term here pal, I think you have a more longer term mindset is all. Each their own! 4H AU
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All posts are my personal opinion
  • #73,346
  • Feb 27, 2014 6:42am Feb 27, 2014 6:42am
hey guys, is it just me or is there a H&S at the daily charts?

feb 12 high - .9066/ feb 18 high - .9080/ feb 24 high - .9048 and we are now on the neckline. a break will target at least .8730

what do you think?
  • #73,347
  • Feb 27, 2014 7:00am Feb 27, 2014 7:00am
This could also be reverse; inverted bullish H and S shoulders. We all know though H and S is a loosing battle though right?
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All posts are my personal opinion
  • #73,348
  • Feb 27, 2014 7:04am Feb 27, 2014 7:04am
this is H1 ... not sure the D is valid
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  • #73,349
  • Feb 27, 2014 7:09am Feb 27, 2014 7:09am
Quoting Rtm
This could also be reverse; inverted bullish H and S shoulders. We all know though H and S is a loosing battle though right? {image}
yep, i saw that bigger inverted H&S too. was thinking that a dip towards .87xx will also become a confirmation of that inverted H&S that will target at least the .97 levels and if that happens, it will confirm the double bottom formation of the monthly chart that targets parity and above.
  • #73,350
  • Feb 27, 2014 7:14am Feb 27, 2014 7:14am
Quoting makati
{quote} yep, i saw that bigger inverted H&S too. was thinking that a dip towards .87xx will also become a confirmation of that inverted H&S that will target at least the .97 levels and if that happens, it will confirm the double bottom formation of the monthly chart that targets parity and above.
Nice objectivity. Suspect the unexpected right? May the pips be with you
All posts are my personal opinion
  • #73,351
  • Feb 27, 2014 7:16am Feb 27, 2014 7:16am
Quoting greenscreen
Anybody going long on the AUD - no matter how short term - is just trading counter trend. Risky and hard work.
not really. prices go up and down. we may be on a midterm downtrend but we are at the moment on the support. "normally", prices bounce back.

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  • #73,352
  • Feb 27, 2014 7:20am Feb 27, 2014 7:20am
Quoting roseman129
this is H1 ... not sure the D is valid {image}
I am seeing the same pattern too
  • #73,353
  • Feb 27, 2014 7:22am Feb 27, 2014 7:22am
Quoting ElectroGypsy
{quote} I don't think any of those levels marked on your chart are going to hold after another hour and 15 mins. You're looking at very weak and unestablished s/r levels after such a huge move. I do agree price seems to be accumulating long, but it's still too early in my book to long anything. It would not surprise me if price took another nosedive. That TL and resistance you have marked are doomed if that's the case.
No disrespect but they are short term liquidity gaps being filled on the micro order flow level not market S/R levels, def not long term levels. I'm longer term bearish looking looking for a short retrace back near 90 so I guess we are on different sides.

Good luck with your trading.
  • #73,354
  • Feb 27, 2014 7:27am Feb 27, 2014 7:27am
Quoting squawk
{quote} No disrespect but they are short term liquidity gaps being filled on the micro order flow level not market S/R levels, def not long term levels. I'm longer term bearish looking looking for a short retrace back near 90 so I guess we are on different sides. Good luck with your trading.
I agree on both sentiments
  • #73,355
  • Feb 27, 2014 7:40am Feb 27, 2014 7:40am
U.S. Core Durable Goods 1.1% vs –0.3%
Durable Goods –1.0% vs –1.5%
Initial Claims 348K vs 335K
Continuing Claims 2.96M vs 2.98M

AUDUSD – Stops below .8900
  • #73,356
  • Feb 27, 2014 7:42am Feb 27, 2014 7:42am
Quoting squawk
{quote} No disrespect but they are short term liquidity gaps being filled on the micro order flow level not market S/R levels, def not long term levels. I'm longer term bearish looking looking for a short retrace back near 90 so I guess we are on different sides. Good luck with your trading.
None taken. I didn't mean any either. Looks like the market didn't move much either way. Your support TL did hold! I am in awe

Also, I'm over this pair for now. Any trade I would place would be just risking money. I'll come back if Yellen says anything interesting. Best of luck to everyone!
I'm a dog chasing cars.
  • #73,357
  • Feb 27, 2014 7:45am Feb 27, 2014 7:45am
Quoting ElectroGypsy
{quote} None taken. I didn't mean any either. Looks like the market didn't move much either way. Your support TL did hold! I am in awe Also, I'm over this pair for now. Any trade I would place would be just risking money. I'll come back if Yellen says anything interesting. Best of luck to everyone!
  • #73,358
  • Feb 27, 2014 7:51am Feb 27, 2014 7:51am
Quoting airafx
I just closed my long AUD at 8945, got 36 pips. . Thanks God. Now waiting my EU long. .and while still watching the AUD movement. .
I've failed many times, but I took the lessons,and never give up.God Bless.
  • #73,359
  • Feb 27, 2014 8:07am Feb 27, 2014 8:07am
Quoting Miss05
{quote} I just closed my long AUD at 8945, got 36 pips. . Thanks God. Now waiting my EU long. .and while still watching the AUD movement. .
Now done with EU long too. Closed it with 22 and 16 green piPS.. These movement in AUD and EU is has no clue during these range . Better get a rest and feel blessed for today trades. Goodluck for everyone. ^^
I've failed many times, but I took the lessons,and never give up.God Bless.
  • #73,360
  • Feb 27, 2014 8:09am Feb 27, 2014 8:09am
I think it go to go up like crazy! LONG !!!!!!!LONG!!!!!!!LONG!!!!!!!!

1 day fibo 127.2 of the big blue plus sma32

8h sma200 plus ab=cd plus trendline
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