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AUD/USD

  • #98,421
  • Aug 10, 2016 8:17am Aug 10, 2016 8:17am
Quoting pipmaster77
{quote} If you want to play the AUD, but aren't sure about USD strength, short EURAUD or GBPAUD or both. They are good for at least 200 pips each. http://www.forexfactory.com/showthre...80#post9073080
Is everyone still trying to pick a top here? I don;t understand, there is nothing on any timeframe on any AUD cross except maybe AUDJPY indicating AUD weakness.
  • #98,422
  • Aug 10, 2016 8:29am Aug 10, 2016 8:29am
Quoting pipmaster77
{quote} Is everyone still trying to pick a top here? I don;t understand, there is nothing on any timeframe on any AUD cross except maybe AUDJPY indicating AUD weakness.
There is no AUD strength either the rise is due to USD weakness.

Check all usd pairs. and A/N
20 Pips a day keeps centerlink away
  • #98,423
  • Aug 10, 2016 8:30am Aug 10, 2016 8:30am
and GBP weakness and EUR weakness and CHF weakness. Really?
  • #98,424
  • Aug 10, 2016 8:34am Aug 10, 2016 8:34am
Quoting pipmaster77
and GBP weakness and EUR weakness and CHF weakness. Really?
Every major pair is up by 60 to 100 pips on usd today
20 Pips a day keeps centerlink away
  • #98,425
  • Aug 10, 2016 8:36am Aug 10, 2016 8:36am
Quoting PaulDaemon
{quote} Every major pair is up by 60 to 100 pips on usd today
I know and AUD is UP on all of those pairs. Therefore, stronger than all of them.
  • #98,426
  • Aug 10, 2016 8:36am Aug 10, 2016 8:36am
Quoting mamalujo
{quote} how do u trade with 5 pips sl?, ure most likely gon get stopped.
Purely speculative play.

On that note, maybe now? But alas, it's close to bedtime for me
  • #98,427
  • Aug 10, 2016 8:37am Aug 10, 2016 8:37am
Quoting pipmaster77
{quote} Is everyone still trying to pick a top here? I don;t understand, there is nothing on any timeframe on any AUD cross except maybe AUDJPY indicating AUD weakness.
I make my money picking tops
  • #98,428
  • Aug 10, 2016 8:38am Aug 10, 2016 8:38am
Quoting pipmaster77
{quote} i know and aud is up on all of those pairs. Therefore, stronger than all of them.
euraud -30,gbpaud -60, audchf +30
  • #98,429
  • Aug 10, 2016 9:25am Aug 10, 2016 9:25am
4HR chart on A/U shows spike above channel and current price has dropped neatly back into top of channel. I have long pending at 76.64 just above red resistance turned support line with S/L 76.2 with expectation of continuation of trend. Scalped a few pips out of tonight's small dip but won't hold shorts when I can't keep an eye on them.
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  • #98,430
  • Aug 10, 2016 10:03am Aug 10, 2016 10:03am
nice correction down to 7715. bought @ 7715, TP @ 7760. 7715 is the bottom of the rising trend line today.
the pattern is indicative of a correction rather than a rejection. after all, the USD has had a horrible day.
expecting it to test the highs at least once more, and high chance of it going higher.
  • #98,431
  • Aug 10, 2016 10:07am Aug 10, 2016 10:07am
Quoting ell3
nice correction down to 7715. bought @ 7715, TP @ 7760. 7715 is the bottom of the rising trend line today. the pattern is indicative of a correction rather than a rejection. after all, the USD has had a horrible day. expecting it to test the highs at least once more, and high chance of it going higher.
Yes, somebody seeing it correctly.
  • #98,432
  • Aug 10, 2016 10:11am Aug 10, 2016 10:11am
Evening star forming. Unless it rallies back up very soon I highly doubt it will have an immediate run higher again.

I have work in 6 hours, kind of wondering how to go about this... maybe alarm every 1h?
  • #98,433
  • Aug 10, 2016 10:14am Aug 10, 2016 10:14am
Quoting ell3
nice correction down to 7715. bought @ 7715, TP @ 7760. 7715 is the bottom of the rising trend line today. the pattern is indicative of a correction rather than a rejection. after all, the USD has had a horrible day. expecting it to test the highs at least once more, and high chance of it going higher.
I'm seeing deeper, another 60 pips from here before a bounce, I'm not always right obviously, short from 0.7654 stops at B.e now can only lose profit but I'm holding for 100 +
  • #98,434
  • Aug 10, 2016 10:19am Aug 10, 2016 10:19am
Quoting pipmaster77
{quote} Yes, somebody seeing it correctly.
What makes it correct?
  • #98,435
  • Aug 10, 2016 10:26am Aug 10, 2016 10:26am
Quoting Don96
{quote} What makes it correct?
You have to follow forexalien system to understand , but there is an ongoing DS trade on the daily timeframe which still shows a lot of room to the upside. It is on the daily, so I'm not saying pullbacks aren't possible, but we are nowhere near the highs yet.
  • #98,436
  • Aug 10, 2016 10:29am Aug 10, 2016 10:29am
Quoting pipmaster77
{quote} You have to follow forexalien system to understand , but there is an ongoing DS trade on the daily timeframe which still shows a lot of room to the upside. It is on the daily, so I'm not saying pullbacks aren't possible, but we are nowhere near the highs yet.
I think it's entirely possible, but I would imagine it needs to test the 768-7706 level it broke from. If I were to go long, I think something like 769 is a safer bet.
  • #98,437
  • Aug 10, 2016 10:31am Aug 10, 2016 10:31am
Quoting pipmaster77
{quote} Yes, somebody seeing it correctly.
not taking that for granted, because it looks as if 7715 may be too early. it corrected up to 7724 in a rush but fell lower...that's a bit of a warning signal.
i was also thinking of 7720 as an important level for longs (to see if it holds) so we'll see if and when it gets there.


Quoting Don96
{quote} I'm seeing deeper, another 60 pips from here before a bounce, I'm not always right obviously, short from 0.7654 stops at B.e now can only lose profit but I'm holding for 100 +
you may be right, or wrong...taking it one level at a time! 7700 first then 7687. but don't forget the RBNZ decision comes out in 5.5hrs' time..that could move the AUD too.
  • #98,438
  • Aug 10, 2016 10:39am Aug 10, 2016 10:39am
Quoting ell3
{quote} not taking that for granted, because it looks as if 7715 may be too early. it corrected up to 7724 in a rush but fell lower...that's a bit of a warning signal. i was also thinking of 7720 as an important level for longs (to see if it holds) so we'll see if and when it gets there. {quote} you may be right, or wrong...taking it one level at a time! 7700 first then 7687. but don't forget the RBNZ decision comes out in 5.5hrs' time..that could move the AUD too.



Very good point, I will not be in any AUD or NZD crosses at that time.
  • #98,439
  • Aug 10, 2016 10:44am Aug 10, 2016 10:44am
Confidence in going further north can only be got if the price action bounces off the daily pivot (around 0.76603), which is in confluence with the immediate support zone on the 4H time frame. Trade safe

KP
Do your homework, follow the footprints of smart money
  • #98,440
  • Aug 10, 2016 12:30pm Aug 10, 2016 12:30pm
Out of all AUD crosses. Will re-enter in Asia depending on how NZD news goes.
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