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AUD/USD

  • #79,201
  • Jun 11, 2014 8:12am Jun 11, 2014 8:12am
Hi Neal,

I just noticed something. Why is the high from 5/14 on your chart lower than on mine. I noticed that your price is already past your 5/14 high peak


Quoting nealpek
hit a higher supply line on my 1 hr too. thats exactly the way to roll. on this upmove, the confirmation of turn around would be when .9392 level is taken out, price returns back up into that zone, then heads south once more. demand exceeded to the downside generally becomes resistance until a better demand zone stops the move
SPC * Swollen PocketZ Crew!
  • #79,202
  • Jun 11, 2014 8:15am Jun 11, 2014 8:15am
remember the higher the timeframe, the more reliable the info, thats why i prefer a one hour, a little more boring, but a nice balance between fast and slow moving action. my numbers will be a little different than yours as i trade the futures, but there is a supply zone above not shown on the chart that is responsible for this stoppage. a;so the difference between futures and spot, spot can get 'played' with more as it is unregulated
  • #79,203
  • Jun 11, 2014 8:16am Jun 11, 2014 8:16am
Ok gotcha...

Quoting nealpek
the red line bar already was a touch of a previous supply turns to demand. waiting for it to engulf that candle would be too late in the move. 'but not this' is actually a demand zone, only when this is taken out to the downside, would be a signal, not to trade but to see what happens as .9387ish level hasn't been touched yet, just like your red line bar has already touched the .9375ish zone
SPC * Swollen PocketZ Crew!
  • #79,204
  • Jun 11, 2014 8:25am Jun 11, 2014 8:25am
Ahhhhh, I didn't realize. Makes sense... Never thought about the AUD futures. Only trade the EURO and Pound futures. Ok, thanks
How's the liquidity?

Update: Ok i see the September contract is hot.

Quoting nealpek
remember the higher the timeframe, the more reliable the info, thats why i prefer a one hour, a little more boring, but a nice balance between fast and slow moving action. my numbers will be a little different than yours as i trade the futures, but there is a supply zone above not shown on the chart that is responsible for this stoppage. a;so the difference between futures and spot, spot can get 'played' with more as it is unregulated
SPC * Swollen PocketZ Crew!
  • #79,205
  • Jun 11, 2014 8:31am Jun 11, 2014 8:31am
sorry about the rangers,doesn't look good, just returned from e11th and 1st avenue, staying with a friend
  • #79,206
  • Jun 11, 2014 8:34am Jun 11, 2014 8:34am
Yeah thanks LOL. Well my Rangers flag is still hanging proud from my house.....

Quoting nealpek
sorry about the rangers,doesn't look good, just returned from e11th and 1st avenue, staying with a friend
SPC * Swollen PocketZ Crew!
  • #79,207
  • Jun 11, 2014 9:05am Jun 11, 2014 9:05am
hilarious watching aussie get sent up massively every time it moves down a bit.. never going down
  • #79,208
  • Jun 11, 2014 9:20am Jun 11, 2014 9:20am
Quoting Ck87
hilarious watching aussie get sent up massively every time it moves down a bit.. never going down

...flip this upside down for this market, rinse, repeat regularly:

http://imgur.com/nig7ozQ
"Holy Grail" exists - accepting where is the first step.
  • #79,209
  • Jun 11, 2014 9:20am Jun 11, 2014 9:20am
So you are buying EUR and selling AUD?
  • #79,210
  • Jun 11, 2014 9:22am Jun 11, 2014 9:22am
Quoting ill_be_back
{quote} NOW SHORT @ 171.731
TP for this 170.720
A good trader follows his rules, but great trader knows when to break them
  • #79,211
  • Jun 11, 2014 9:26am Jun 11, 2014 9:26am
looks like its finally getting tired, but you never know.... the employ, unemploy bs, i mean news is coming later, big boys positioning for the release
  • #79,212
  • Jun 11, 2014 9:43am Jun 11, 2014 9:43am
Quoting nealpek
looks like its finally getting tired, but you never know.... the employ, unemploy bs, i mean news is coming later, big boys positioning for the release

predictable...predictable...spike it the opposite direction on news...blow out short stops, make 'em all flop to long thinking it's going to continue...then tank it...what a broken record
"Holy Grail" exists - accepting where is the first step.
  • #79,213
  • Jun 11, 2014 9:46am Jun 11, 2014 9:46am
Quoting VaBikePacker
{quote} predictable...predictable...spike it the opposite direction on news...blow out short stops, make 'em all flop to long thinking it's going to continue...then tank it...what a broken record
Haven't seen it tank yet.. so far still holding really strong.
  • #79,214
  • Jun 11, 2014 9:47am Jun 11, 2014 9:47am
Va, you nailed it....
  • #79,215
  • Jun 11, 2014 9:54am Jun 11, 2014 9:54am
What do you see in the chart now for the following;

Employment Change = ?

Unemployment Rate = ?

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 9 KB
  • #79,216
  • Jun 11, 2014 9:55am Jun 11, 2014 9:55am
take note of that gorgeous overhead supply. either it gets there before the news, and sheep buy into the level while big boys sell, or it dips or hovers where it is,
news propels it into the zone, where the big boys are waiting...either way, the news will be positive
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
  • #79,217
  • Jun 11, 2014 10:03am Jun 11, 2014 10:03am
Where are all the Gurus
  • #79,218
  • Jun 11, 2014 10:04am Jun 11, 2014 10:04am
on oprah!!!
  • #79,219
  • Jun 11, 2014 10:07am Jun 11, 2014 10:07am
Quoting Ken A
What do you see in the chart now for the following; Employment Change = ? Unemployment Rate = ? {image}
I wish I knew Ken. "Conventional" thinking would say if it comes in as expected, it would be bad (well not great) for the AUD and hence, she'd drop some. But how many times have I seen good numbers hurt, and bad numbers help a currency? Baffles me quite honestly.
Ghost Rider - WWTBMD?
  • #79,220
  • Jun 11, 2014 10:11am Jun 11, 2014 10:11am
Quoting albchr
{quote} I wish I knew Ken. "Conventional" thinking would say if it comes in as expected, it would be bad (well not great) for the AUD and hence, she'd drop some. But how many times have I seen good numbers hurt, and bad numbers help a currency? Baffles me quite honestly.
Hehe

I wasn't trying to set anyone up with that question

Just want to know who is bald enough to be bold

Or anyone with insider info



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