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Hi broadway,
as i am a scalper, i usually take it of at the s/r as most of the time it will retrace...but if price cuts straight through a s/r i will hold it till the next one..
ac
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Hi broadway,
as i am a scalper, i usually take it of at the s/r as most of the time it will retrace...but if price cuts straight through a s/r i will hold it till the next one..
ac
For many months, the ASX and the AUD have pretty much followed the direction of the US stock market. It appears to me that your statement may simply reflect a bearish sentiment towards the stock market. Or do you think that the connection between stocks and the AUD might change?
I see the stock market as only part of the equation as money may well be drawn out of Australia with a shaky mining and oil sector - so I'm eying commodity prices.
The PIIGS situation (Portugal, Ireland, Iceland, Greece, Spain) is putting pressure on Europe and that will hit Australia to an unknown extent going forward.
The USD is recovering as even China recognizes the size and strength of America and the safety in their currency during a torrential storm.
Noirua-Trying to get used to your terminology- was excited when I started to recently read your posts thinking we would get the AUD to 1.15 against the USD- but figured out that you are putting it the inverse way.
What you are saying is that we will have to pay 1.20 AUD to buy 1 USD (assuming your target is met). How awful, as i am going to the US this year.
Learning (fast).!!!!!
Just
What did you tell them, prawn?
Not certain, but on the HI it looks like it's probably completed an expanded flat for wave 4... the sharp fall being the impulse tail... and going north again for the .895 to .90 area, supported by my daily signals, before a larger degree correction.
How long are you planning to wait James?
That after gaining near 3 cents in a week we would probably be in for a retracement and its better to book any payments today than wait till monday
Hi broadway,
as i am a scalper, i usually take it of at the s/r as most of the time it will retrace...but if price cuts straight through a s/r i will hold it till the next one..
ac
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For many months, the ASX and the AUD have pretty much followed the direction of the US stock market. It appears to me that your statement may simply reflect a bearish sentiment towards the stock market. Or do you think that the connection between stocks and the AUD might change?
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I see the stock market as only part of the equation as money may well be drawn out of Australia with a shaky mining and oil sector - so I'm eying commodity prices.
The PIIGS situation (Portugal, Ireland, Iceland, Greece, Spain) is putting pressure on Europe and that will hit Australia to an unknown extent going forward.
The USD is recovering as even China recognizes the size and strength of America and the safety in their currency during a torrential storm.
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Noirua-Trying to get used to your terminology- was excited when I started to recently read your posts thinking we would get the AUD to 1.15 against the USD- but figured out that you are putting it the inverse way.
What you are saying is that we will have to pay 1.20 AUD to buy 1 USD (assuming your target is met). How awful, as i am going to the US this year.
Learning (fast).!!!!!
Whiskers
It's a small world
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Well, didn't go north as quickly as thought last night, but still heading that way... with the help of some compound H&S's on the 5 min... maybe!
This revised count, since the trend has unfolded a bit more, gives '3' a slightly higher target of 88408ish.
This revised count, since the trend has unfolded a bit more, gives '3' a slightly higher target of 88408ish.
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a chart of someone else,
who showed me how they use the road map
thought some might be interested
ac
http://e2.md.it-finance.com/MDV6/showimage.phtml?id=12657128688670&print=1
who showed me how they use the road map
thought some might be interested
ac
http://e2.md.it-finance.com/MDV6/showimage.phtml?id=12657128688670&print=1
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today's road map
a little late..sorry about that
have a great day, and good trades
ac
a little late..sorry about that
have a great day, and good trades
ac
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good morning all
today's road map
have a great day, and good trades
ac
today's road map
have a great day, and good trades
ac
Whiskers
It's a small world
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Well it finally got going north again. My sometimes dubious EW count suggests that it was a 3, 3, 5, Flat correction hence my bottom call earlier.
Fundamentally, I still see reason for the AUD weakening and the US strengethening... but this turnaround seems to have some steam behind it now, breaking the short term downtrend.
Maybe as mentioned earlier wave iii extended and this is actually the wave iv completing with another go at parity for wave v followed by a more significant wave 2 correction.
Fundamentally, I still see reason for the AUD weakening and the US strengethening... but this turnaround seems to have some steam behind it now, breaking the short term downtrend.
Maybe as mentioned earlier wave iii extended and this is actually the wave iv completing with another go at parity for wave v followed by a more significant wave 2 correction.
explod
explod
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Just
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morning,
a day in the life of the road map
a:couch
a day in the life of the road map
a:couch
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morning all
today's road map
have a great day, and good trades
ac
today's road map
have a great day, and good trades
ac
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was just looking at the chart, and thought how pretty it looked
the the low of .8878
then as watching ready to print for here it dropped down to .8862.. and now passed it..so you would have to look at lower nos
ac
the the low of .8878
then as watching ready to print for here it dropped down to .8862.. and now passed it..so you would have to look at lower nos
ac
CanOz
Home runs feel good, but base hits pay bills!
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The markets are in chaos over China's decision to increase bank reserves, and data out of the EU.
S&P futs sold off 8 pts in minutes.
Crazy.
CanOz
S&P futs sold off 8 pts in minutes.
Crazy.
CanOz
prawn_86
Mod: Call me Dendrobranchiata
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Wow, glad i got my USD clients in today. I thought we may have risen too fast too quick. I'll be a popular man monday
Whiskers
It's a small world
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What did you tell them, prawn?
Not certain, but on the HI it looks like it's probably completed an expanded flat for wave 4... the sharp fall being the impulse tail... and going north again for the .895 to .90 area, supported by my daily signals, before a larger degree correction.
Whiskers
It's a small world
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How long are you planning to wait James?
prawn_86
Mod: Call me Dendrobranchiata
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That after gaining near 3 cents in a week we would probably be in for a retracement and its better to book any payments today than wait till monday
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morning all
Monday's road map
have a great weekend and take care
ac
Monday's road map
have a great weekend and take care
ac