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  • Post #108,021
  • Quote
  • May 14, 2023 4:13pm May 14, 2023 4:13pm
  •  1 in 1 out
  • | Joined Dec 2013 | Status: Member | 113 Posts
Quoting 1 in 1 out
Disliked
{quote} I have no open position on AUD/USD at present. Price has been going sideways for 7 weeks. I have no idea what market reaction will be on 2nd May. Nor do I care. Until it reaches one of my key levels I will continue to watch and wait. {image}
Ignored
Make that 9 weeks.

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  • Post #108,022
  • Quote
  • May 15, 2023 2:39pm May 15, 2023 2:39pm
  •  fx6996
  • Joined Feb 2023 | Status: Member | 261 Posts
Quoting fx6996
Disliked
{quote} Consolidating here - I expect it to retrace up to 0.6720-30ish area at a minimum {image} Taking a smaller than normal size here Buy 0.6692 with TP of 0.6720 and SL 0.6680
Ignored
Goal accomplished ...

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2
  • Post #108,023
  • Quote
  • May 16, 2023 11:47am May 16, 2023 11:47am
  •  fx6996
  • Joined Feb 2023 | Status: Member | 261 Posts
I WISH I had shorted when I expected but I missed that opportunity. Currently flat on AUD/USD

This is what I expect to happen this week with the ultimate goal of 0.6550
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  • Post #108,024
  • Quote
  • May 17, 2023 8:00am May 17, 2023 8:00am
  •  fx6996
  • Joined Feb 2023 | Status: Member | 261 Posts
Nothing has changed

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  • Post #108,025
  • Quote
  • May 17, 2023 8:37pm May 17, 2023 8:37pm
  •  seekerz
  • | Joined Aug 2008 | Status: Ten Ten Ten Ten | 78 Posts
Short from yesterday @0.6667, targetting 22 pips at 0.6645
hope my target reached before the AUD news.
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L-H-LH-HH -> B // H-L-HL-LL -> B
 
 
  • Post #108,026
  • Quote
  • May 18, 2023 7:47am May 18, 2023 7:47am
  •  fx6996
  • Joined Feb 2023 | Status: Member | 261 Posts
Quoting fx6996
Disliked
Nothing has changed {image}
Ignored
Ditto

I am surprised at how much consolidation there is going on - maybe it's because of the G7 meeting?
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  • Post #108,027
  • Quote
  • May 18, 2023 3:33pm May 18, 2023 3:33pm
  •  fx6996
  • Joined Feb 2023 | Status: Member | 261 Posts
Some more of the downside movement that I expected.

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  • Post #108,028
  • Quote
  • May 23, 2023 1:41pm May 23, 2023 1:41pm
  •  fx6996
  • Joined Feb 2023 | Status: Member | 261 Posts
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The 0.6610 level appears to be holding - for now. It wouldn't surprise me to see the market makers re-test 0.6600 before going higher
 
 
  • Post #108,029
  • Quote
  • May 23, 2023 2:18pm May 23, 2023 2:18pm
  •  FxSnapper
  • | Membership Revoked | Joined Apr 2023 | 175 Posts
RNBZ's rate decision could be a factor for NZD and AUD's moves tomorrow.
 
 
  • Post #108,030
  • Quote
  • May 24, 2023 10:36am May 24, 2023 10:36am
  •  fx6996
  • Joined Feb 2023 | Status: Member | 261 Posts
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So much for that base I was WRONG about.

Taking a "shot" here:
 
 
  • Post #108,031
  • Quote
  • May 24, 2023 11:52am May 24, 2023 11:52am
  •  Pyleros
  • | Joined Aug 2021 | Status: Junior Member | 2 Posts
Do you still believe that the price should increase, despite it being at a 10-week low?
 
 
  • Post #108,032
  • Quote
  • May 25, 2023 5:59pm May 25, 2023 5:59pm
  •  Erebus
  • Joined Jul 2011 | Status: Member | 7,258 Posts | Online Now
My most beautiful chart, see the breakdown at Mon / Tue + last week's low

Now if I could only trade like that

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Don't believe everything that you THINK
 
 
  • Post #108,033
  • Quote
  • May 30, 2023 3:21pm May 30, 2023 3:21pm
  •  fx6996
  • Joined Feb 2023 | Status: Member | 261 Posts
Quoting Pyleros
Disliked
Do you still believe that the price should increase, despite it being at a 10-week low?
Ignored
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Taking another long position here
 
 
  • Post #108,034
  • Quote
  • May 30, 2023 3:23pm May 30, 2023 3:23pm
  •  fx6996
  • Joined Feb 2023 | Status: Member | 261 Posts
Quoting Pyleros
Disliked
Do you still believe that the price should increase, despite it being at a 10-week low?
Ignored
Yes.

WHY?

1. USD is about to take a (in my opinion) steep decline shortly

2. If the China numbers come out better than expected then AUD (which follows a lot of China data) "should" gain some traction.

I was wrong about the consolidation earlier....hopefully the 2nd time is a charm.
 
 
  • Post #108,035
  • Quote
  • May 30, 2023 9:38pm May 30, 2023 9:38pm
  •  sclpzmalay
  • Joined Jun 2010 | Status: scalperzmania forex hymnology | 314 Posts
Good high impact news CPI.... Why spike down
study of behavior and mind,conscious and unconscious
 
 
  • Post #108,036
  • Quote
  • Edited 3:51pm May 31, 2023 8:03am | Edited 3:51pm
  •  fx6996
  • Joined Feb 2023 | Status: Member | 261 Posts
Quoting sclpzmalay
Disliked
Good high impact news CPI.... Why spike down
Ignored
Good question...apparently the "China re-opening" is still sputtering

I believe that it has completed the wave 5 so...
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I jumped into this position too early!
 
 
  • Post #108,037
  • Quote
  • May 31, 2023 10:08am May 31, 2023 10:08am
  •  ForexStats
  • Joined May 2023 | Status: Member | 116 Posts
It's the last day of May. Historically, June has been mildly positive for AUD/USD.
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1
  • Post #108,038
  • Quote
  • May 31, 2023 3:50pm May 31, 2023 3:50pm
  •  fx6996
  • Joined Feb 2023 | Status: Member | 261 Posts
Quoting fx6996
Disliked
{quote} Good question...apparently the "China re-opening" is still sputtering I believe that it has completed the wave 5 so...{image}
Ignored
I really hope that wave 5 is done now - long until it hits the downward resistance around 0.6600

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1
  • Post #108,039
  • Quote
  • May 31, 2023 9:47pm May 31, 2023 9:47pm
  •  ninner
  • Joined Jul 2013 | Status: Member | 2,208 Posts | Online Now
went long on this pullback....aud fundamental data has been good.
 
 
  • Post #108,040
  • Quote
  • Jun 1, 2023 9:46am Jun 1, 2023 9:46am
  •  Torzone
  • | Joined Mar 2020 | Status: Member | 180 Posts
Expecting AUD to bounce back, NZD To make a strong rebound too
 
 
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