Thread: Discuss the AUD/USD, NZD/USD , USD/CAD and more

Reversal in AUD/USD > I am short in line with today's bulls vs. bears webinar

Its important to remember that if you are a true trend follower then you will get stopped out the end
- as I was stopped at 1.3150 - but since then I have been bearish and it has been great

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We are just 20 pips from our target and EUR/USD just started to reverse maybe 9750 will be a better target.

Here is my AUD/USD trade - same setup as presented in today's Bulls vs. Bears

30min

Originally Posted by D.SKALPER

I THINK
The importance of this meeting G7/G8 very large, and the effect of its findings and clear on currencies.
The guide begins with currency targets TO far!!



Attachment 128174

I doubt that they only have had 7 meeting the last 27 years. Where are all of the other meeting where nothing happens? Well they meet about 2-3 times per year. This means that only in 7 out of the last 67.5 meetings has something big happened. That is 8% of time

Originally Posted by SkiBunny

It is a G8 meeting in US this wkend... Merkel is reportedly blessing the printing to help save Greece etc... obamas reportedly pleading with them too and possibly some agreement made with US about to ramp up more printing too to help things in europe and at the same time "save" the US whose economy is falling over badly too.

There is not a country on the planet immune from the fall out from a break up of the EU... it has the potential to cause a global depression. Im sure Mrs.Merkel has talked to many world leaders about it, including Obama. But the EU leaders are going to have to convince the people in all of the countries in the EU and that is close to 370 millon people to stick it out through what could be very hard times ahead.
They probably won't serve caviar at this G8 meeting... all the money is going to bailouts so maybe they'll stick with canned Bumblebee.

A retracement to 1.0260 is possible next week........Having said that. Take a look at this chart. You could well be looking at the future. Well, The next 2 years anyway...........

Originally Posted by Ikee

A retracement to 1.0260 is possible next week........Having said that. Take a look at this chart. You could well be looking at the future. Well, The next 2 years anyway...........

Anyone for 2 or 3 months Range trading..........

i think that we could see another wave down to 0.9750 and maybe retract after that

ikee we were talking about that last friday.,you remember

three waves down before the bearish target is over




1h chart




maybe the US dollar fall next week and we see aussie retract early

Originally Posted by Ikee

Yes. I use it in Marketscope, which I note you use & in MT4....... It is made from a number of indicators. For me this is akin to having a MacD, Stochastic, RSI, Volume, momentum & several MAs all in one. Best set as shown below. To get it into Marketscope you do the following. Copy & paste this web site to a new web page. FXCodeBase.COM: Forex Chart Indicators and Development • View topic - WoodiesCCI (CCI Histogram). This should take you straight there to download to Marketscope. Any problems let me know. For mt4 .........CCI Woodie like......... Download CCI_Woodies_Lnx_v6mq4 Alter to my settings....cheers. For further info' go to the My favourite indicators thread.

hey ikee
about the woodie cci that you use in mt4 not like that used in Marketscope right ?
it doesnt have the fast and the slow cci lines

Originally Posted by fahmy313

hey ikee
about the woodie cci that you use in mt4 not like that used in Marketscope right ?
it doesnt have the fast and the slow cci lines

Sorry mate I gave you the wrong one. Will try to get right one for you. This is in a zip file so don't know if it will be right .

EDIT... Yup works OK.

Originally Posted by fahmy313

i think that we could see another wave down to 0.9750 and maybe retract after that

ikee we were talking about that last friday.,you remember
three waves down before the bearish target is over
maybe the US dollar fall next week and we see aussie retract early

Maybe,maybe. We are due for a retracement. Wot's the betting "good" news from the weekend meetings of our glorious leaders. This should be good for a week then the penny will drop, bad news n off we go again. Should be good for a bounce up to 1.0200. Can't get any EW sense from this pattern. Clives' CW waves make more sense........

Hey fahmy313. Take another look at the 4h chart as I just did. I think I missed a wave. (Subtle little bugga.) Between 5 & 7. This would make 2 waves with 5 waves in each. ...??????
Could still get down 0.9780 though. The Ozzie loves to kick in a extra small wave.......

Good to know I'm not the only one viewing AUD to under 9700 lvl..
Expecting a move to 9735 and a bounce.. Does a small extended as per the 30 mins that can take us to 9720 but a bounce very likely indeed.
SPX 1268-70 to be printed and a bounce off their likely..
Will be interesting to see if AUD can maintain a tag along theme with the stocks on this one..
GOld already deciding with enough is enough crap and heads out challenging 1600.. 1633-35 is a maker of breaker on GOLD for now ...
AUD 30 mins is a kicker chart and the 8 hrs may seem all over the place but if you look at it closely it tells the whole picture and hence decided to post it as it is rather than fine tuning it out..


GL..