michael_selway
Coal & Phosphate, thats it!
- Joined
- 20 October 2005
- Posts
- 2,397
- Reactions
- 2
Well... in a couple of weeks or so.
Probably gotta go a tad lower first though.
Hm so are u bullish or bearish on AUD/US?
thx
MS
Hm so are u bullish or bearish on AUD/US?
thx
MS
CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
- Reactions
- 519
I won't get too bullish until it breaks through the congestion area again. With everyone talking about a bounce in equities its hard to imagine that it would test 55 sooner rather than later, but thats where it needs to go in my view.
Time will tell.
Cheers,
CanOz
Time will tell.
Cheers,
CanOz
Whiskers
It's a small world
- Joined
- 21 August 2007
- Posts
- 3,266
- Reactions
- 1
Well... in a couple of weeks or so.
Probably gotta go a tad lower first though.
Oh... apparently I forgot to post my chart.
I'm bullish Michael... since we have a nice Morning Star there on the bottom... but after it looks like it's done wave 2.
Attachments
arco
action-reaction
- Joined
- 13 February 2006
- Posts
- 304
- Reactions
- 34
BentRod
ZZZZzzzzZZZZzzzzzzzz
- Joined
- 16 December 2005
- Posts
- 694
- Reactions
- 0
Well... in a couple of weeks or so.
Probably gotta go a tad lower first though.
The point is, the gap at 77 does NOT exist.
Your data is bad.
Will you be revising your 77 target now?...lol
:
Whiskers
It's a small world
- Joined
- 21 August 2007
- Posts
- 3,266
- Reactions
- 1
The point is, the gap at 77 does NOT exist.
Your data is bad.
Will you be revising your 77 target now?...lol
Oh... I see your "
" point now.Ha ha, no, 77 was just a talking point cos I noticed the gap there.
Not my data. Just a site that I refer to, to track the main currencies. But yeah I've noticed bad data ocassionally even on Big Charts and Incredible Charts as well as mine, ocassionally. With mine I tend to refresh the data quite often now just in case something gets corrupted.
But back to my target... as you probably saw, I mentioned the 'Morning Star' as the bottom.
I'm thinking around 80ish for the short/medium term.
So... are you doubting that the AUD has bottomed or just that it won't get to 77.
Oh, btw you might also notice, I noticed a lot of Morning Stars in the last few days. (Gold and XAO threads)
BentRod
ZZZZzzzzZZZZzzzzzzzz
- Joined
- 16 December 2005
- Posts
- 694
- Reactions
- 0
haha.....no idea where it is going mate, looks like the line of least resistance is down though.
I'll stick to trading and leave the fortune telling to you
Kauri
E/W Learner
- Joined
- 3 September 2005
- Posts
- 3,428
- Reactions
- 11
Attachments
Whiskers
It's a small world
- Joined
- 21 August 2007
- Posts
- 3,266
- Reactions
- 1
Re: AUD/USD - up, down, turn it around?
...on the USDX... I did say 'little'... but morning star none-the-less.
...on the USDX... I did say 'little'... but morning star none-the-less.
Attachments
- Joined
- 2 February 2006
- Posts
- 14,009
- Reactions
- 2,894
Present price AUD1.491 (0.6703 reverse) to the USD1.
I doubt the tanking of the Aussie is over yet as the commodity export reductions have not been fully factored in yet. Some companies are now seeing bad debt rising on non-payment of shipping orders.
Currency swings usually go on for a few years.
Talk of near parity with the greenback may not be realistic, but markets seem to try to test these levels anyway.
I doubt the tanking of the Aussie is over yet as the commodity export reductions have not been fully factored in yet. Some companies are now seeing bad debt rising on non-payment of shipping orders.
Currency swings usually go on for a few years.
Talk of near parity with the greenback may not be realistic, but markets seem to try to test these levels anyway.
- Joined
- 6 October 2008
- Posts
- 126
- Reactions
- 0
No doubt AUD heads higher as equities rebound. Time to exit and wait for a better entry point for the next leg down, .73ish maybe. Same with JPY. Still a good result for USD trade (for me), but very slim pickings for JPY......we live and learn. Into next year the trend for equities is still down IMO so I'll be back in to short AUD before too long......weeks or months? That's the question....weeks hopefully.
Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
- 8,428
- Reactions
- 284
If the interest rate cut has been factored into the present price then the stochastic oscillator has the AUD/USD about to move up again.Note the %K at or near recent lows with %D yet to cross over.At least a reversal in my interpretation.
This is a 4H chart and is in oversold territory.This is just my interpretation.
This is a 4H chart and is in oversold territory.This is just my interpretation.
Attachments
Whiskers
It's a small world
- Joined
- 21 August 2007
- Posts
- 3,266
- Reactions
- 1
I was just saying something similar over in the AUD thread Wysiwyg . Maybe I should be over here.
There's also a bit of positive divergence starting especially in the lower time frames.
My 'L' plate EW is looking for wave 4 anytime now and I'm thinking it probably won't get much below 61 for wave 5.
Hourly chart below.
There's also a bit of positive divergence starting especially in the lower time frames.
My 'L' plate EW is looking for wave 4 anytime now and I'm thinking it probably won't get much below 61 for wave 5.
Hourly chart below.
Attachments
Glen48
Money can't buy Poverty
- Joined
- 4 September 2008
- Posts
- 2,444
- Reactions
- 3
It sounds like B O is having trouble getting Bail out Mk. 10 underway...as some of the money he wants is to go for things like treating AIDS etc and they boys are not happy + China is sick of supplying the US with more loot so if USA can't get any more $$ won't the USD tank or is the USD just to strong and the lesser of all the other evils?
Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
- 8,428
- Reactions
- 284
Another thing Whiskers is the trend line from 15 jan. is being questioned.Dealing in probabilities here and according to the unwritten rules, no one is allowed to be right too often.
Your wave 4 is inevitable too.I don`t understand how wave duration is plotted.Only after it has happened?
Your wave 4 is inevitable too.I don`t understand how wave duration is plotted.Only after it has happened?
Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
- 8,428
- Reactions
- 284
Well the crossover has taken place (4H range .6248 to .6333 ) and the price is trying hard to make a reversal.Due for a yellow candle if the oscillator is worth anything.
Help Whiskers, where is that wave 4 man.
Attachments
Stormin_Norman
Currency Trader
- Joined
- 12 January 2008
- Posts
- 1,256
- Reactions
- 0
i think we'll see it after the interest rate announcement tomorrow.
Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
- 8,428
- Reactions
- 284
Whiskers
It's a small world
- Joined
- 21 August 2007
- Posts
- 3,266
- Reactions
- 1
I'm afraid I closed out yesterday mate. Had some eye trouble... just had some laser work today, gotta see another specialist tomorrow.
Couldn't help but have a quick look tonight first... but I think I'll stay on the sidelines until I'm able to spend some time on it.
Best guess at a quick glance, I think it may go something like this on the hourly.
Attachments
BentRod
ZZZZzzzzZZZZzzzzzzzz
- Joined
- 16 December 2005
- Posts
- 694
- Reactions
- 0
I took a long on the Aussie last night with reverse stops below the recent bounce on the channel(Yesterdays Lows).
Not really getting on with it so I assume reverse stops will get triggered tonight?
I think it all depends on the Euro which at this stage looks like wants to seek out all those stops hiding under the recent lows.
Aussie 4 hour:
Not really getting on with it so I assume reverse stops will get triggered tonight?
I think it all depends on the Euro which at this stage looks like wants to seek out all those stops hiding under the recent lows.
Aussie 4 hour:
