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AUD/USD

  • #102,301
  • Aug 4, 2017 7:16am Aug 4, 2017 7:16am
Quoting Dgrat1
{quote} For Eurusd and audusd, both need to down first and go up later.
Why?
Humans are naturally hardwired to avoid and detest uncertainty.
  • #102,302
  • Aug 4, 2017 7:34am Aug 4, 2017 7:34am
Quoting CannonScout
{quote} Why?
From what I see from the daily candlestick and price action, both need to go down.
  • #102,303
  • Aug 4, 2017 7:40am Aug 4, 2017 7:40am
Quoting Dgrat1
{quote} From what I see from the daily candlestick and price action, both need to go down.
True. USD has good numbers currently. Probably good demand until Monday or so.

Does anyone know about a Bank Holiday? I believe it's for NSW mainly, probably won't have too much influence.

A
Humans are naturally hardwired to avoid and detest uncertainty.
  • #102,304
  • Aug 4, 2017 7:52am Aug 4, 2017 7:52am
Quoting SkyrEk
{quote} I reckon that prices are consolidating and moving in a range , hence traders are feeling the frustration because regardless of whether you are a bull or bear, both sides are not making substantial amount of profits. From the charts, prices are shifting from the top range of .80- .8065, down to .79.50-.80 and yesterday from .7915- .7965. I'd say prices are shifting lower in a slow manner, however with NFP looming, anything can happen. Experienced traders will stand aside while i'm seeking alittle thrill risking small open positions into NFP....

To those whom hang on with your shorts. Congrats!
Signing off.
Have a great weekend!
More downside ahead next week.
  • #102,305
  • Aug 4, 2017 8:10am Aug 4, 2017 8:10am
Quoting ArslanHyder
Possible reversal points for this pair... {image}
I am still wondering, which one will induce the skyrocket. Did Lowe whisper that to your ears as well?
  • #102,306
  • Aug 4, 2017 8:54am Aug 4, 2017 8:54am
Quoting falcon72202
looking D1 on EURUSD and AUDUSD , to me they are at temporary top so on NFP it might go a little bit up then crush down.......just guessing. --- COT report did not come out yet but I believe that market knew NFP data in advance and they increased USD longs....just guessing, testing my chart reading.
I was correct in my guessing.
I can.I will. End of story.
  • #102,307
  • Aug 4, 2017 9:00am Aug 4, 2017 9:00am
Quoting Drolph
{quote} I am still wondering, which one will induce the skyrocket. Did Lowe whisper that to your ears as well?
It may reverse by next week.
  • #102,308
  • Aug 4, 2017 9:32am Aug 4, 2017 9:32am
h4
0.7874
Attached Image (click to enlarge)
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if you my trade,My-post analysis, subscribed to ME
  • #102,309
  • Aug 4, 2017 9:38am Aug 4, 2017 9:38am
Quoting SkyrEk
{quote} To those whom hang on with your shorts. Congrats! Signing off. Have a great weekend! More downside ahead next week.
Easy read, easy money, easy day. And here comes the WEEKEND.
Trade what you see, take what the market gives you.
  • #102,310
  • Aug 4, 2017 10:52am Aug 4, 2017 10:52am
AUD still keeping below 0.8 level. With the downward momentum of EUR, a break of 0.8 seems hardly to achieve next week. Long for EUR/AUD
  • #102,311
  • Aug 4, 2017 12:29pm Aug 4, 2017 12:29pm
Quoting SkyrEk
Engaged short at .7980. SL .8020 (40pips) TP .7900 (80pips) or lower depending on PA.
Nice end to the frustrating week. I hope next week prices will flow more smoothly.

More downside next week.

Support levels to clear.
.7880
.7835
.7800

I will follow up with chart analysis next week. For now, time to unwind.

p.s: a good number of us over here are in the champion's ignore list. LOL.
  • #102,312
  • Edited 2:32pm Aug 4, 2017 2:09pm | Edited 2:32pm
Still short from 8000-8040, Stops now moved to 7980. Negative US sentiment may be turning positive heading into next week. Jobs report was solid. Imho, the tick up to .3 in the m/m average hourly earnings is very important. Increased wages >>> increased consumption >>>> increased inflation. It may be a small number but it's something big players want to see.

4H demand pierced. Expected and necessary re trace providing liquidity for the bears. 7960 should provide strong resistance.

Interested in seeing next weeks COT report. Will banks and institutions finally reduce their Aussie long exposure?

I see Nostradamus was predicting 83xx by the end of next week and has started his own thread. Remember, stay married to your wife, NOT your trades.

Cheers all, enjoy the weekend.
Attached Image (click to enlarge)
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Bigger picture

Wolfe wave correction on the daily playing out nicely
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It only took 5 minutes to get ignored by our beloved Nostradamus. I've finally accomplished something in my life.
Attached Image
Pride always comes before destruction.... -Proverbs 16:18
  • #102,313
  • Aug 4, 2017 3:14pm Aug 4, 2017 3:14pm
Quoting SkyrEk
{quote} Nice end to the frustrating week. I hope next week prices will flow more smoothly. More downside next week. Support levels to clear. .7880 .7835 .7800 I will follow up with chart analysis next week. For now, time to unwind. p.s: a good number of us over here are in the champion's ignore list. LOL.
how do I go to instagram IG: @skyrek_trades? do I need to be member of IG?
I can.I will. End of story.
  • #102,314
  • Aug 4, 2017 8:05pm Aug 4, 2017 8:05pm
Quoting falcon72202
{quote} how do I go to instagram IG: @skyrek_trades? do I need to be member of IG?
IG= Instagram, which is free for all to use. No one should subscribe to any paid services/ signals if one is keen to trade for a living or for the long run. Learning to trade on your own is much better.

At times i will upload charts and thoughts while on the move.
  • #102,315
  • Aug 4, 2017 8:28pm Aug 4, 2017 8:28pm
Quoting SkyrEk
{quote} To those whom hang on with your shorts. Congrats! Signing off. Have a great weekend! More downside ahead next week.
Agreed. Especailly looking at NZD/USD..0.74 is so fragile
Have a great weekend
  • #102,316
  • Edited 9:46pm Aug 4, 2017 9:19pm | Edited 9:46pm
Quoting SkyrEk
{quote} IG= Instagram, which is free for all to use. No one should subscribe to any paid services/ signals if one is keen to trade for a living or for the long run. Learning to trade on your own is much better. At times i will upload charts and thoughts while on the move.
this is all I see @ https://www.instagram.com/:
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I can.I will. End of story.
  • #102,317
  • Aug 4, 2017 9:54pm Aug 4, 2017 9:54pm
Quoting falcon72202
{quote} this is all I see @ https://www.instagram.com/: {image}
If u have a facebook account, you can login in using your facebook account. Otherwise, you can create a new Instagram a/c foc.
  • #102,318
  • Aug 5, 2017 8:21am Aug 5, 2017 8:21am
Quoting SkyrEk
Creating lower highs and prices are becoming narrower in a wedge formation. Break below will be bearish. Break above will be bullish. Since NFP is tonight, i have decided to reduce my exposure by taking profit on some open positions and leave the rest running for .7900 or lower. {image}
Bloody AUD USD didnt break...bounce of 79 like a dead cat.... Disappointing week for me

good luck, see ya soon
  • #102,319
  • Aug 5, 2017 8:24am Aug 5, 2017 8:24am
Quoting thewriter30
{quote} Bloody AUD USD didnt break...bounce of 79 like a dead cat.... Disappointing week for me good luck, see ya soon
i wouldn't rule out a drop from its current position back to retest a further drop
  • #102,320
  • Aug 6, 2017 12:50am Aug 6, 2017 12:50am
Indeed.... another drop further down will take place this week.
Trade what you see, take what the market gives you.
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