Can please someone tell me that what way aud news will go
Buy or sell??
Buy or sell??
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DislikedI'd like to think that this is what's currently underway. {image}Ignored
Disliked{quote} Interesting. As you probably already realize, I'm waiting for the breakout to happen in my little world I tend to adhere a little stricter to trend lines, in my trading world, if a trend line is broken, it's no longer valid, unless the price shows it will respect it again, and I need at least 2 respectful hits on it to recognize it as valid. I'm no diamond pattern expert, but who really is, as I believe they are pretty rare? Anyway, my diamond is not as perfectly formed, but I go more by the trend lines, and general rules of ranging price...Ignored
DislikedThe last couple of economic CPI reports from Australia have each come lower and lower. The forecast is about what it will be reported which should make the aussie strengthen. I think the right play here is to not have a position and short it when it peaks or buy it when it bottomsIgnored
DislikedThe last couple of economic CPI reports from Australia have each come lower and lower. The forecast is about what it will be reported which should make the aussie strengthen...Ignored
Disliked{quote} I wouldn't count on that being the case well into the Asian session. Idk if its just me but over the last 72 hours there seems to have been a pretty big disagreement with this pair between Asia -> ... .Ignored
DislikedThing is, everyone is already expecting crappy numbers, so what's the shock in that?Ignored
DislikedThing is, everyone is already expecting crappy numbers, so what's the shock in that?Ignored
Disliked{quote} exactly! THATS WHY IM LONG RIGHT NOW. NUMBERS ARE SO POOR AND EXPECTED THAT ANY THING AT .4 OR HIGHER WILL BUMP IT UPIgnored
Dislikedanother thing. If the dollar index retraces aussie will be above .90 for sure. just think about thatIgnored
Disliked{quote} My opinion on scheduled news reports is that they are a coin flip. Without knowing the positions of all market participants, especially large players, there is no way to really know how the market will react with everyone's expectations. That is why after major news releases you have traders complaining and posting on this forum that they are dumbfounded by the market reaction. The best type of news to trade is that which is unscheduled and therefore unexpected. No one is planning for this result or that result.Ignored
Dislikedgonna go out on a limb and predict a really big pin bar on the H4 chart in a half hour. Wonder if that will give the bulls the fuel they need?Ignored