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AUD/USD

  • #75,581
  • Mar 31, 2014 10:52pm Mar 31, 2014 10:52pm
Seems like there are still good majority of AUD bulls anyone by chance buying? Alot of ppl still seem to be favoring a bounce off the pivot
  • #75,582
  • Mar 31, 2014 11:03pm Mar 31, 2014 11:03pm
Quoting iNSIELD
Seems like there are still good majority of AUD bulls anyone by chance buying? Alot of ppl still seem to be favoring a bounce off the pivot
Like myself I'm sure there are many AUD bulls here.

But if I were looking for a short, I'd say doing so at .93 - .94+ is a smarter move. I can see the pair going up for another climb or two before making any kind of meaningful retracement.
  • #75,583
  • Mar 31, 2014 11:03pm Mar 31, 2014 11:03pm
Quoting digger1
Not to keep the indi no indi conversation alive, but since its a little quiet in here just for a little humor. I try to pick out patterns in price or an indicator, sometimes they are apparent in both or it could be one or the other, at certain levels or news time. Speaking of upside down charts , not so much this time but some patterns are more obvious on one of the charts or the other, little extra edge at news time. Same pair same timeframe, just ones upside down {image}{image}
Cool. I agree at looking at things from a different perspective. This is a chart I look at every day. It's EY hourly a year ago.
Attached Image
FF journal: Peaks and Troffs
  • #75,584
  • Mar 31, 2014 11:06pm Mar 31, 2014 11:06pm
Quoting bogus
{quote} Cool. I agree at looking at things from a different perspective. This is a chart I look at every day. It's EY hourly a year ago. {image}
nice
  • #75,585
  • Mar 31, 2014 11:23pm Mar 31, 2014 11:23pm
Quoting iNSIELD
Seems like there are still good majority of AUD bulls anyone by chance buying? Alot of ppl still seem to be favoring a bounce off the pivot
Standing aside, (which is probably overly conservative). To me, PA at the moment is just too uninspiring.
  • #75,586
  • Mar 31, 2014 11:24pm Mar 31, 2014 11:24pm
I think Stevens has got his hands full AUD rallied on rate hike hope but same dovish statement as March and no rate rise as expected. This is probably going back to parity on the hope of rate rises anyway
  • #75,587
  • Mar 31, 2014 11:26pm Mar 31, 2014 11:26pm
Fibonacci tells me this will be a pullback. The .9300 area is a significant pivot point that wont be breached easily.
The coincidental success is more dangerous than the expected failure
  • #75,588
  • Mar 31, 2014 11:31pm Mar 31, 2014 11:31pm
Quoting Didgeridoo
{quote} Standing aside, (which is probably overly conservative). To me, PA at the moment is just too uninspiring.

Probably the best course of action right now. PA is too all over the place.
  • #75,589
  • Mar 31, 2014 11:35pm Mar 31, 2014 11:35pm
Here is a price action hint on the 5 minute chart in the form of a pin bar. Of course nothing is always 100% certain, but probabilities are in favor.

Attached Image (click to enlarge)
Click to Enlarge Name: audusdm52.png Size: 34 KB
  • #75,590
  • Mar 31, 2014 11:41pm Mar 31, 2014 11:41pm
So the move to be measured (in my opinion) was the decisive downwards candle from May. The major retracement in mid Oct was .618 of the the entire move down and all other small spikes and pivots seem to obey that single Fib measuredown shown more than the move from May to August.

The Orange line was the .764 level of the move from May to August but we moved right past that and the price looks to have used it as support. But the bigger resistances and supports seem to reference more so May top to Feb 2014 bottom than anything else.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB
The coincidental success is more dangerous than the expected failure
  • #75,591
  • Mar 31, 2014 11:46pm Mar 31, 2014 11:46pm
Quoting Neqrotik
So the move to be measured (in my opinion) was the decisive downwards candle from May. The major retracement in mid Oct was .618 of the the entire move down and all other small spikes and pivots seem to obey that single Fib measuredown shown more than the move from May to August. The Orange line was the .764 level of the move from May to August but we moved right past that and the price looks to have used it as support. But the bigger resistances and supports seem to reference more so May top to Feb 2014 bottom than anything else. {image}
Why didn't you take the fib from the top? Sorry mate, looks like curve fitting.
FF journal: Peaks and Troffs
  • #75,592
  • Mar 31, 2014 11:49pm Mar 31, 2014 11:49pm
Ill explain. sec. lemme get this chart up.
The coincidental success is more dangerous than the expected failure
  • #75,593
  • Mar 31, 2014 11:52pm Mar 31, 2014 11:52pm
Quoting Ck87
{quote} Probably the best course of action right now. PA is too all over the place.
Yeah. It seems we're on the verge of shifts in dynamics.
  • #75,594
  • Mar 31, 2014 11:54pm Mar 31, 2014 11:54pm
O.k so, I work in divisibles of 4 from the Daily. So. I macro map on Daily and down to 8 hour then down to 2 Hour

So from 4/09 there was a high to a completion of a move to 4/22 or so. Then another small move back up as a higher high was put up from 4/21 in May 1st then the major move began.

I could be mapping it wrong..but..I always try to use the LAST MOVE down. Anyway, it seems from the first major retracement from the chart before that the market used it too.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB
The coincidental success is more dangerous than the expected failure
  • #75,595
  • Apr 1, 2014 12:13am Apr 1, 2014 12:13am
Quoting Neqrotik
O.k so, I work in divisibles of 4 from the Daily. So. I macro map on Daily and down to 8 hour then down to 2 Hour So from 4/09 there was a high to a completion of a move to 4/22 or so. Then another small move back up as a higher high was put up from 4/21 in May 1st then the major move began. I could be mapping it wrong..but..I always try to use the LAST MOVE down. Anyway, it seems from the first major retracement from the chart before that the market used it too. {image}
Cool. So long as there is logic to it, and like you said, it did seem to work out.
FF journal: Peaks and Troffs
  • #75,596
  • Apr 1, 2014 1:02am Apr 1, 2014 1:02am
new lows about to come..
Attached Image
  • #75,597
  • Apr 1, 2014 1:48am Apr 1, 2014 1:48am
Quoting digger1
{quote} No doubt price is always right but indicators can alert to changes as in price going up indi not going up as much, divergence , definitely tells you something is changing. They are subjective tho, they can do that kinda stuff much longer than an acct can last lol
A genius is born every minute, me I am lucky if my socks match.
  • #75,598
  • Apr 1, 2014 3:36am Apr 1, 2014 3:36am
Quoting whackdiddy
{quote}
A double top has formed at the 0.93 target & now a retrace to 0.9170 is in motion. 0.9135 is possible.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 42 KB
Money Makes Money
  • #75,599
  • Apr 1, 2014 4:27am Apr 1, 2014 4:27am
slowing now ... may be bounced from here
  • #75,600
  • Edited 4:54am Apr 1, 2014 4:39am | Edited 4:54am
Quoting ozboy
slowing now ... may be bounced from here
Yeah. I think there is support here, but so far no real bounce to speak of as yet. Seems support woud need to hold and price rises back soon, to retain bullishness.
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