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- ell3 replied Feb 19, 2021
so I’ve gone short again at 7838 in an attempt to recoup some losses from my earlier short. Aud generally makes a correction and I feel the move should be about done for the day.... or so, I felt... but it’s still hovering at the top ...
- ell3 replied Feb 19, 2021
Ugh. I closed long at 7780 and switched to short, playing the ranges. but here we go... a solid climb up to 7816 (as of now) with barely any resistance? I expected 7800-7820 to be defended quite aggressively at least. Still can’t find any reason for ...
- ell3 replied Jun 5, 2017
ARGH Majorly annoyed. I hate it when this pair starts its own one directional march. So what if iron ore is up today and factors look positive...probably 80% of the time the pair doesn't make a proper trend even when those factors should push it in ...
- ell3 replied Dec 12, 2016
Thats why I miss 2014-2015. There was always a clear downtrend! This year it's been a lot of ups and downs without clear market conviction on either side. No trading plan suitable for more than perhaps a week.
- ell3 replied Dec 12, 2016
It's almost 100% priced in already, as reported. In fact if the fed fails to convince the markets of a steeper hike curve in 2017 in their statement, the USD is going to sell off since much of the recent dollar buying happened post-elections on the ...
- ell3 replied Dec 9, 2016
Guys, keep the trading simple! No offence to anyone but I'm seeing so much analysis based on Guess work or personal expectations. I say again, I've got a neutral bias towards the pair. But as @skyrek has also shown his simple chart...an uptrend is ...
- ell3 replied Dec 7, 2016
don't you think the market has already priced the December hike in...that's why the move down from 77c to this current level last month? I think the earlier 50pip drop was simply a knee jerk reaction. The RBA statement already said it was expecting ...
- ell3 replied Dec 6, 2016
hmm, I ask this regularly. Why are so many Traders so sticky to this pair going down? To be honest, its looking more and more supported to me. 100 & 200 hourly MAs still being rejected. The pair is getting pushed towards the 75c resistance. Really ...
- ell3 replied Dec 5, 2016
Anyone anticipating any impact from the RBA tomorrow?
- ell3 replied Dec 2, 2016
hahaha. well, not to discount wave theory...imo it's more useful for trading longer time frames when fundamentals call for a clearer picture - for e.g. in the earlier half of 2015 when the A/U was on a clear downtrend because the RBA was screaming ...
- ell3 replied Dec 2, 2016
i guess it really depends on what or how the brokers derive at the numbers...that we will never know! but yea, we did talk about this the other day right? profit taking. failure of the USD to gain more to the upside despite the NFP data is bound to ...
- ell3 replied Dec 2, 2016
hmm. NFPs didnt really move the market much. data this week has failed to move the USD any higher, suggesting market fatigue. the longer the USD remains stuck where it is, the higher the risk of a correction as more desks start trimming long bets. ...
- ell3 replied Dec 2, 2016
on my broker's client sentiment view, it's the opposite...top clients = 74% short AUD. they separate out the "top clients" (those who've been in overall profit for 3 consecutive months) from all clients. this is interesting, because when the price ...
- ell3 replied Dec 1, 2016
I hope he kept it longer than 2hrs, cos based on the time of his post, 2hrs later the price was at 7375. Looks like a minor double bottom at 7370 btw. Given NFPs later, as has usually been the case, high risk of an upward reversal...profit taking ...
- ell3 replied Nov 30, 2016
on my daily note list: consolidation ahead of NFPs, next movement determined by fed speak. the USD has taken two failed attempts at crossing 102.00, suggests the market is weary of taking it higher. if we get good NFP numbers coupled with hawkish ...
- ell3 replied Nov 30, 2016
true. More likely, I'd say it depends on what you use to make the "prediction". in fact, I'd call it making "forecasts" - most importantly as Traders we must have an exit plan. What I was trying to say was that you can't just say "this theory says ...
- ell3 replied Nov 30, 2016
Id attribute that to luck, not a successful prediction. No one can predict the markets. We can only establish the levels to enter and exit from based on knowledge and tools. Btw, arrogance and lack of mutual respect for others rightfully solicits ...
- ell3 replied Nov 30, 2016
Hahaha
- ell3 replied Nov 28, 2016
@Jfrancis, on behalf of all the other respectable participants in this forum, get out of this thread. take your "knowledge" and "wisdom" elsewhere. period.
- ell3 replied Nov 28, 2016
i will not make a call in ignorance and tell you IT'S GOING UP!! or down whatever. but you can see from my charts where i'm most likely to want to pull a trade. with the fundamental facts in mind, at least i will know where the risks lie. btw, im ...