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AUD/USD

  • #78,161
  • May 29, 2014 10:24am May 29, 2014 10:24am
Quoting Magix
{quote} Even direct-trade decided to grab a new handle and re-join FF...as non commercial. http://www.forexfactory.com/showthre...19#post7475819
Get out! DT?? ....Oh this I gotta go check out. Thanks for the link Magix
Ghost Rider - WWTBMD?
  • #78,162
  • May 29, 2014 10:25am May 29, 2014 10:25am
heavy selling into this rally, don't know if it has the legs
  • #78,163
  • May 29, 2014 10:28am May 29, 2014 10:28am
Quoting nealpek
heavy selling into this rally, don't know if it has the legs
Think of it as the scene in Dark Knight Rises, where batman is mustering the strength to climb out of the s*** hole

fish fish pasta pasta!
  • #78,164
  • May 29, 2014 10:43am May 29, 2014 10:43am
its gotta stay above the nfp open of the bar to continue north, the market will tell us its move
  • #78,165
  • Edited May 30, 2014 4:32am May 29, 2014 11:02am | Edited May 30, 2014 4:32am
Quoting Ken A
{quote} Probably trade when the mistresses asking for new sport cars
LOL...That's a good one...

What's your take on a/u, Ken...you got any longer term view on this pair?
Hear the music before the song is over ...
  • #78,166
  • May 29, 2014 11:17am May 29, 2014 11:17am
you gotta love trading, appears that the selling was absorbed
  • #78,167
  • May 29, 2014 11:23am May 29, 2014 11:23am
I'm betting this one has some folks perplexed.
Attached Image(s) (click to enlarge)
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Ghost Rider - WWTBMD?
  • #78,168
  • May 29, 2014 11:33am May 29, 2014 11:33am
Quoting GlobalMacro
{quote} LOL...That's a good one... What's your take on a/u, Ken...you got any longer term view on this pair?
Mid term I am looking at .950 (have to the pips # but that's not important). It almost got there but rejected at .947x and it already took several swings of few hundred pips and here we are. I keep one long left over didn't close all from .87x can survive the fluctuation with positive swaps. If your entry is from .9277 probably bank in after +100 pips and look for another opportunities?
  • #78,169
  • May 29, 2014 11:41am May 29, 2014 11:41am
from a pure supply and demand perspective the weekly already dinged supply at 9450ish, but has yet to ping demand at 9078ish
the daily needs to ping the .9340-50 supply and has a beautiful demand zone at around .8850 level,
these are all fresh untouched levels. because aussie is closer to the the daily 09340ish level, it would make sense to make a run for that before reversing
just my humble opinion
  • #78,170
  • May 29, 2014 11:46am May 29, 2014 11:46am
Quoting nealpek
from a pure supply and demand perspective the weekly already dinged supply at 9450ish, but has yet to ping demand at 9078ish the daily needs to ping the .9340-50 supply and has a beautiful demand zone at around .8850 level, these are all fresh untouched levels. because aussie is closer to the the daily 09340ish level, it would make sense to make a run for that before reversing just my humble opinion
Agree on historical S/D but maybe if things are going good it might go higher.
  • #78,171
  • May 29, 2014 11:48am May 29, 2014 11:48am
from around apr 11 on the daily, all the subsequent trading looks like could be a massive reaccumulation.
the market will show its hand!!
  • #78,172
  • May 29, 2014 11:54am May 29, 2014 11:54am
i would definitely bet the farm near that daily thick white line...classic demand level, too bad it will take so long to reach
  • #78,173
  • May 29, 2014 11:58am May 29, 2014 11:58am
Quoting Ken A
{quote} Agree on historical S/D but maybe if things are going good it might go higher.
Ken 4 hour looks like its showing exhaustion to you? .93 and .933 have sizeable offers. Kiwi also got rejected from .85. Maybe form one last low at .915 before another rally?
  • #78,174
  • May 29, 2014 12:06pm May 29, 2014 12:06pm
Quoting Ken A
{quote} Mid term I am looking at .950 (have to the pips # but that's not important). It almost got there but rejected at .947x and it already took several swings of few hundred pips and here we are. I keep one long left over didn't close all from .87x can survive the fluctuation with positive swaps. If your entry is from .9277 probably bank in after +100 pips and look for another opportunities?
Looks to me 0.9400 should be within reasonable reach as well....after last week's selloff
failed follow-through has lots of traders squaring their shorts hence today's big squeez, I guess...
Hear the music before the song is over ...
  • #78,175
  • May 29, 2014 12:06pm May 29, 2014 12:06pm
Quoting nealpek
i would definitely bet the farm near that daily thick white line...classic demand level, too bad it will take so long to reach
Yeah, we won't be seeing that anytime soon for sure. But I'm with ya if and when we do.
Ghost Rider - WWTBMD?
  • #78,176
  • May 29, 2014 12:16pm May 29, 2014 12:16pm
I'm new to this but aren't there two dojis on the monthly tf? It would seem the buying pressure has subsided, especially when you look at the last doji where the open and close are almost identical. Isn't it more likely that the price will fall in the coming weeks?
  • #78,177
  • May 29, 2014 12:19pm May 29, 2014 12:19pm
Quoting iNSIELD
{quote} Ken 4 hour looks like its showing exhaustion to you? .93 and .933 have sizeable offers. Kiwi also got rejected from .85. Maybe form one last low at .915 before another rally?
Nothing moves in straight line one direction and a big chunk of volatility is gone today German bank holiday but agree it needs to take out .9320 to more upside for intraday. The support at .920x looks pretty strong so far before .915.

As for Kiwi it might go higher to move lower. Have long and short for EUR/NZD so it doesn't really matter because half of the time I am wrong and the other half is right
  • #78,178
  • May 29, 2014 12:26pm May 29, 2014 12:26pm
Quoting Ken A
half of the time I am wrong and the other half is right
Still trying to get there.... ........ lol
Ghost Rider - WWTBMD?
  • #78,179
  • May 29, 2014 12:45pm May 29, 2014 12:45pm
Quoting albchr
{quote} Still trying to get there.... ........ lol
Haha that's trading 50% of the time is wrong
  • #78,180
  • May 29, 2014 12:50pm May 29, 2014 12:50pm
can u imagine people stepping into a rigged game, putting their money on the line, and not knowing the rules?
welcome to trading....
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