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-   -   AUD/USD (https://www.forexfactory.com/showthread.php?t=95260)

Neqrotik Oct 24, 2014 9:09am | Post# 85941

The news on China's stock market was bad but AUDUSD went up!!!???
I take it you expect correlated markets when you trade short-term? Even longer term positions have trouble with this.

HelloOz Oct 24, 2014 9:12am | Post# 85942

move 100pips on a quiet day..
madness

Fx-opinion Oct 24, 2014 9:17am | Post# 85943

{quote} I take it you expect correlated markets when you trade short-term? Even longer term positions have trouble with this.
I am long on this position and waiting until it reaches 0.90. What I do not understand is the news was bad but it is going up. Something is going on. Either market makers have received big order and supply/demand is playing a role or it is something else.

Lamira Oct 24, 2014 9:45am | Post# 85944

move 100pips on a quiet day.. madness
it's taking range to heavily drop

zew Oct 24, 2014 9:59am | Post# 85945

keep buying under 0.8750, works pretty well.

Fx-opinion Oct 24, 2014 10:04am | Post# 85946

If AUDUSD reaches 0.88493 then we will go higher.

Lamira Oct 24, 2014 11:20am | Post# 85947

If AUDUSD reaches 0.88493 then we will go higher.
why ?

Fx-opinion Oct 24, 2014 12:04pm | Post# 85948

{quote} why ?
Please look at daily chart and you will see.

HeisenbergFx Oct 24, 2014 12:04pm | Post# 85949

1 Attachment(s)
done for the day. remember to stay nimble peeps. there is money to be made on both sides...
Click to Enlarge

Name: Screen Shot 2014-10-24 at 10.03.21 AM.png
Size: 61 KB

benaiah Oct 24, 2014 12:24pm | Post# 85950

{quote} Please look at daily chart and you will see.
And...

Whoever gets the answer right, you can be first in line for the...

investment password

benaiah Oct 24, 2014 12:33pm | Post# 85951

Engulfing bar on hourly tells me, we might be headed back down. Might be good to watch for reversal patterns on lower time frames to give confirmation...

benaiah Oct 24, 2014 12:40pm | Post# 85952

1 Attachment(s)
Engulfing bar on hourly tells me, we might be headed back down. Might be good to watch for reversal patterns on lower time frames to give confirmation...
Similar behavior the last time it was up here. Big H1 bearish drop. But it was followed by another bullish push before it finally headed back down to bottom of the range.

To give bulls fuel, it will need to poke back up above the trend line it is fighting with...
Click to Enlarge

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Lamira Oct 24, 2014 12:44pm | Post# 85953

{quote} Please look at daily chart and you will see.
I see that impulsive downtrend decline from July high needs to be made by five swaves. one leg is still missing. expecting a break down into a wave 5 towards 0.8500 area to complete wave A .
So why do you think it will go higher ? Just curious.

tunera Oct 24, 2014 12:49pm | Post# 85954

{quote} I see that impulsive downtrend decline from July high needs to be made by five swaves. one leg is still missing. expecting a break down into a wave 5 towards 0.8500 area to complete wave A . So why do you think it will go higher ? Just curious.
Don't get personal, but in this business everybody see what everybody want to see, and yet nobody have a clue about what will happen.

Fx-option see a bullish scenario as he is probably long, and you see a bearish scenario as you are probably short or are thinking about sell in the near future.

It's as simple as that

Rtm Oct 24, 2014 1:02pm | Post# 85955

{quote} Don't get personal, but in this business everybody see what everybody want to see, and yet nobody have a clue about what will happen. Fx-option see a bullish scenario as he is probably long, and you see a bearish scenario as you are probably short or are thinking about sell in the near future. It's as simple as that
lol so true

Fx-opinion Oct 24, 2014 1:03pm | Post# 85956

{quote} And... Whoever gets the answer right, you can be first in line for the... investment password

Sure

yeniful Oct 24, 2014 1:19pm | Post# 85957

done for the day. remember to stay nimble peeps. there is money to be made on both sides... {image}
well done man! well done!

any day above 25 pips in my opinion is an excellent day in forex day trading. simple profit is consistently great

benaiah Oct 24, 2014 1:33pm | Post# 85958

Looks like a final bullish push about ready. Can bulls sustain it or will bears slam it down?

Price action looking very similar to 10/21 on lower time frames. I expect bears to slam it down. Don't think it will go higher than 8832. If it does go higher, maybe hope for the bulls...

Lamira Oct 24, 2014 2:53pm | Post# 85959

{quote} Don't get personal, but in this business everybody see what everybody want to see, and yet nobody have a clue about what will happen. Fx-option see a bullish scenario as he is probably long, and you see a bearish scenario as you are probably short or are thinking about sell in the near future. It's as simple as that
yes you are right about opinions. I just want to know why because I'm curious, maybe he will open my eyes on something I didn't notice. That explanation "he see bullish cause he is long" doesn't explain anything. We are here to learn and share. Not to argue, if he sees that way, I just want to understand why

VaBikePacker Oct 24, 2014 4:42pm | Post# 85960

I don't do a lot of chart drawing - I trade mostly by numbers...based on this - I think we could see a little more downside but a "where the heck is this coming from?" kinda move for the AUD is developing I think.

Risky time to add fresh shorts. Long scalps with breakout potential or to be added to are safest in terms of risk for me right now.


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