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AUD/USD

  • #79,641
  • Jun 15, 2014 6:27pm Jun 15, 2014 6:27pm
(I don't do chart art...)

Personal "play" on AU (YOU SHOULD NOT consider any of what you're about to read advice for how you treat your trading account. Any click of your blue or red button is YOUR click!!):

- I consider it ossible to reach .9310 area, specifically 9306/7. I will be watching close from the 9330s for a good time/level to close. I'd like my next buy entry on AU to be 310 or lower for the first long with plans to add on dips from below that with higher volume.

- EXTREME low currently at .9130, EXTREME high currently at .9518. .9467 has been out there for a bit as a potential reversal point for a long move.
"Holy Grail" exists - accepting where is the first step.
  • #79,642
  • Jun 15, 2014 6:45pm Jun 15, 2014 6:45pm
AUD/USD - H&S forming on the 1 and 4 hr charts.
  • #79,643
  • Jun 15, 2014 7:19pm Jun 15, 2014 7:19pm
Quoting Arman_A
AUD/USD - H&S forming on the 1 and 4 hr charts.
Yep. We also have the trendline to break and this level around .9387 is important. I'll wait for a break below .9370 ish to short.
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FF journal: Peaks and Troffs
  • #79,644
  • Jun 15, 2014 7:33pm Jun 15, 2014 7:33pm
Quoting Ken A
{quote} Well done. E/A I am still in and far from BE will leave it open as buffer. Nice to have floating profits for confidence reason. G/U and G/J shorts are still in - have partial some to pay for the stops which are few pips from the top. Will leave it open until stopped out to change plan. Having a nice weekend up in the mountain listening to the wildlife in the distance. BTW, is anyone is using Google Chrome? I can't use the edit function and attach file will take me back to FF Homepage. I notice all the adds are gone.
Hey Ken. One of my daily reports mentioned the GBP crosses didn't seem to be at important levels hinting that GU wasn't ready to break 1.7 and if so a retrace at 1.741 (similar to I'll Be Back's setup), which was a good point. I am currently out of gbp but may reenter if I get a clear signal. The report also mentioned the weekly H&S on the EA and are watching the lower weekly Fib level too with the potential to head even lower, it's reassuring to know someone else is watching the same setup. I don't normally go off others reports but it is interesting to see what levels they have and to compare.

I am watching Gold this week as I entered on friday. It should bode well for the Aussie if bulls continue but the price of iron is hurting (the AU) imo.
Iraq seems to be the wildcard for this week, will have to watch for news spikes in case shite hits the fan.

I am envious of your getaway, I grew up around the mountains and it's been too long since I've been back. Sounds nice.

I am on Chrome and it appears fine for me atm, I am able to post charts and will let you know in a sec if I can edit (and I still have adds )

EDIT:
As the lights go by so too do the shadows move
  • #79,645
  • Jun 15, 2014 8:31pm Jun 15, 2014 8:31pm
I am looking for a break in the descending hrly TL from the HH. There appears to be some USD weakness and also JPY strength about, a good formula for AU bulls imo.
As the lights go by so too do the shadows move
  • #79,646
  • Jun 15, 2014 8:35pm Jun 15, 2014 8:35pm
Quoting bogus
{quote} Yep. We also have the trendline to break and this level around .9387 is important. I'll wait for a break below .9370 ish to short. {image} {image}
I'm going to take my chances. Short now, with a tight SL. Not much upward momentum, just looks like little bulls don't want it to go down so easily.
  • #79,647
  • Jun 15, 2014 8:47pm Jun 15, 2014 8:47pm
Another week has begun. Here we go!
  • #79,648
  • Jun 15, 2014 9:09pm Jun 15, 2014 9:09pm
Quoting 2+2=4ex
Another week has begun. Here we go!
Good luck!
  • #79,649
  • Jun 15, 2014 10:04pm Jun 15, 2014 10:04pm
Bloomberg's reporting on risk aversion because of iraq... i'm seeing that in gold - silver - oil... But aussie is still firmer..
  • #79,650
  • Jun 15, 2014 10:15pm Jun 15, 2014 10:15pm
Looks like next stop intraday will be 0.9376 - 0.9378

Finding resistance below 94 again..following this channel down..

Looking natural keeping in-line with fib's on most TF's
  • #79,651
  • Jun 15, 2014 10:16pm Jun 15, 2014 10:16pm
Quoting RBlackburn
Bloomberg's reporting on risk aversion because of iraq... i'm seeing that in gold - silver - oil... But aussie is still firmer..
Aussie looks alittle out of steam. Awaiting for RBA Gov Kent to speak.
  • #79,652
  • Jun 15, 2014 10:16pm Jun 15, 2014 10:16pm
Quoting RBlackburn
Looks like next stop intraday will be 0.9376 - 0.9378 Finding resistance below 94 again..following this channel down.. Looking natural keeping in-line with fib's on most TF's
....
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  • #79,653
  • Jun 15, 2014 10:17pm Jun 15, 2014 10:17pm
Quoting RBlackburn
{quote} .... {image}
...
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  • #79,654
  • Jun 15, 2014 10:17pm Jun 15, 2014 10:17pm
Watching .94 for possible entry. USDCAD could be breaking downside by looks of.

Speaking of CAD and Oil^^ I was just reading up on Australia's find. I wasn't following news closely at the time because of other commitments but this could be interesting in the future-

http://www.abc.net.au/news/2013-01-2...ack-sa/4481982

The recoverable amount seems to be a whole lot less than many headlines advertise ...but still. I can't seem to find any recent developments or updates of the story though
As the lights go by so too do the shadows move
  • #79,655
  • Jun 15, 2014 10:18pm Jun 15, 2014 10:18pm
Quoting SkyrEk
{quote} Aussie looks alittle out of steam. Awaiting for RBA Gov Kent to speak.
Yeah... this could change my short term outlook easily..
  • #79,656
  • Jun 15, 2014 10:27pm Jun 15, 2014 10:27pm
As usual, a long speech by RBA Kent, price seem to be rejected from .94 levels, heading downwards. Pardon me, didn't read through the long speech but i guess the market sees it as not very positive.
  • #79,657
  • Jun 15, 2014 10:28pm Jun 15, 2014 10:28pm
Quoting SkyrEk
As usual, a long speech by RBA Kent, price seem to be rejected from .94 levels, heading downwards. Pardon me, didn't read through the long speech but i guess the market sees it as not very positive.
Further headlines, via Reuters, included: "Unemployment to remain elevated over next two years, decline later in 2015, Labour market shows some signs of improvement, Still fair degree of spare capacity in labour market, Slowdown in wages has helped contain inflation, improve competitiveness, AUD is high by historical standards, particularly given recent fall in commodity prices."
  • #79,658
  • Jun 15, 2014 10:30pm Jun 15, 2014 10:30pm
Very neutral speech however there were slightly more negative things said. Again we see the RBA trying to talk down the AUD.
  • #79,659
  • Jun 15, 2014 10:56pm Jun 15, 2014 10:56pm
The main thing I took from that was the down turn in mining labour but an up turn in labour in other industries including construction. Imo I think this is healthy for Aus. as it shows a general economic recovery rather than relying on one industry to provide the bread and butter for the country.
As the lights go by so too do the shadows move
  • #79,660
  • Jun 15, 2014 11:08pm Jun 15, 2014 11:08pm
LOL when the press start bragging about it you know it must be true. Pffft.

http://www.smh.com.au/business/austr...615-3a5rv.html
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