AUD/NZD Daily Analysis

AS EXPECTED, THE PAIR HAD TRIED TO BREAK UP, BUT IT COULD NOT AND THEN WENT AGAIN DOWN, AS MY PREVIOUS POST, IT WILL GO TO 1.09500

EVEN TIME FRAME 5, 15, 30 ARE SHOWING THE SAME TARGET, DOWN DOWN DOWN

A lower high made at 1.11 on H1, data due out in an hour from now will hopefully help to the downside to a lower low.
Im targeting 1.093x

Are they,? I guess I would question why the big pop and now price is setting above your averages , be careful when it looks so easy,,,, cheers man

over long term averages and now sitting above short averages ,,,,,,,,,

THE POP WAS FOR THE MAJOR 2 PAIRS POPES IN OPPOSITE DIRECTION DUE TO SENTIMENT OF THE MARKET WHEN THE LAST AUD/USD EVENT HAPPENED.

THE FIGURE WAS SMALLER THAN FORECAST , THE TRADERS PUMPED MONEY IN SELL TRADES, YEA...
THE BIG PLAYERS WERE WAITING THIS
THEN THEY PUMPED MORE TO LONG TO HUNT THE STOP LOSS AND MARGIN CALLS OF RETAIL AND SMALL TRADERS
THE MARKET POPPED UP.
THEN THE PROFITS ARE ON THE HARVESTERS.... OF THE LONG, THE MORE YOU HARVEST LONG THE MORE YOU SELL AUD AND MORE BUY NZD
SO:
THE NZD/USD IS GOING TO NORTH FOR FEW PIPS, THE AUD/USD ALREADY WENT UP AND THEN IT IS NOW HIDING SOUTH, AS AUD/NZD IS IN CORRELATION WITH AUD MORE THAN NZD
THEN DOWN

WHILE YOU ARE READING THIS
AUD/NZD WENT IN THE LAST 5 MINUTES MORE THAN 27 PIPS = 270 POINTS

270 points is good for 5 minutes ,,,,,,,,,, I was more interested in where it was going after the news,, I only said to be careful man ,,,,,,, few downside tgts mentioned a long ways down, they are farther away now ,,,,,,,,,, good luck in your trading man , cheers

1.107 breaks soon...then 1.1063.... and the downside is confirmed ...thats what i expect....if not....we look again

HERE IS AN EXPLANATION FOR THE EQUITY AND PRICE OF A TRADE FOR WHO LIKE TO UNDERSTANDS THEM

https://www.forexfactory.com/showthread.php?p=10259140&posted=1#post10259140

THE GREAT BRIAN JOHN 'BRIJON" WAS TRYING TO EXPLAIN TO ALL FF TRADERS HERE THE IMPORTANCE OF EQUITY AND THE PRICE OF EACH TRADE YOU MAKE. AND HOW YOU WILL LOSE YOUR MONEY BUT AS HE WAS TOO OLD AND STUBBORN IN HIS OPINIONS , NO LISTENED TO HIM, BUT SOME DID AND I RESPECT THIS MAN AND I RESPECT WHOEVER WAS SUPPORTING HIM

ALSO, I WOULD LIKE TO THANK FAVORITE - THE AGGRESSIVE TRADER WHO WAS TRYING TO EXPLAIN THE EQUITY TO ME IN SEVERAL POSTS BUT AS WE HAVE SOME "LAGGING" IN ENGLISH , WE HAD SO MANY FIGHTS AND I DO APOLOGIZE FROM FAVORITE AS I WAS REALLY IGNORANT THAT I COULD NOT UNDERSTAND HIS LESSONS ABOUT EQUITY AND PRICE OF A TRADE HE SHOWN IN FF POSTS BETWEEN ME AND HIM.

THEREFORE FROM MY BUILT UP EXP. FROM BOTH WITH GREAT RESPECT, I WOULD LIKE TO SUMMARIZE THE EXP. I HAD BUILT BY MAKING CODES THAT WHILE TESTING THEM I SAW SO MANY ASPECTS THAT WHILE REAL TRADING YOU WILL NOT SEE AND I HOPE THIS WILL HELP MANY OF YOU HERE TO UNDERSTAND THE EQUITY AND THE COST OF A TRADE.

WE ALL LOOK ALWAYS HOW TO INCREASE OUR BALANCE, AND WHEN IT GOES UP YEA WE ARE HAPPY AND WHEN IT GOES DOWN, OHH, I JUST MUST TO DEPOSIT MORE, TO KEEP IT HIGH TO ENABLE ME TO TRADE. BALANCE IS NOT SO IMPORTANT FOR YOU AS A RETAIL TRADER, THE IMPORTANT FOR YOU IS THE EQUITY, THIS ITEM SHOULD INCREASE AND IF IT IS INCREASED , THEN NO PROBLEM , THE BALANCE WILL INCREASE WITH IT WHEN EVER YOU CLOSE NON HEDGED INSIDE THE SAME PAIR AS CALLED A NON NODGED TRADE.

EACH TRADE YOU MAKE IT HAS A PRICE YOU PAY IT DOUBLE TO THE MARKET, YES SIR, HOW IS THIS TRUE ?, WELL, ALL OF YOU KNOW THAT IF YOU MAKE ONE TRADE, THEN THE BROKER WILL REMOVE FROM YOUR"EQUITY" AT WHICH IT IS A DERIVATIVE OF THE BALANCE THE SPREAD, EVEN IF YOU MAKE HEDGING OR NODGING , THE PRICE WILL BE REMOVED AS ONE TIME FOR ANY TRADE YO MAKE EVEN IF IT IS HEDGED OR NODGED ... OK,,, WE ALL KNOW THIS, CAN YOU EXPLAIN MORE - HOW IT IS DOUBLED? , YES , FOR EXAMPLE , I MAKE ONE TRADE EU OF SIZE 0.1 LOT OF SPREAD 30 POINTS ( THIS IS MY ACCOUNT REAL SPREAD ) THEN I WILL PAY TO THE BROKER USD 3. THEN I WILL WAIT 30 POINTS TO RETURN BACK MY SPREAD THIS IS MY SECOND PAYMENT OF WAITING THE 30 POINTS TO COME TO ME BACK BETWEEN THE ASK AND THE BID, SO MY ACCOUNT WILL HAVE LOST 3 USD ONCE I HAVE OPENED THE TRADE AND I WILL WAIT -3 USD TILL THE BID IS TOUCHING THE 30 POINTS IF IT IS LONG OR THE ASK TO TOUCH THE 30 POINTS IF IT IS SELL, BUT THE DISASTER IS THAT, MOST OF THE NEW TRADERS DO NOT CALCULATE THIS, AND ONCE HE SEES A VALUE OF 2.5 USD IN HIS PROFIT, THEN HE WILL CLOSE THE TRADE AND THIS IS THE BIGGEST MISTAKE, AS YOU WILL LOOSE 0.5 USD FROM YOUR EQUITY AS YOU DID NOT EVEN RETURN THE PRICE OF THE TRADE.

STOP LOSS AND PROFIT MUST BE RELATED TO EQUITY NOT TO FIXED PROFIT VALUE BCZ YOU ARE NOT TRADING ONE PAIR, I CHALLENGE YOU ALL, IF THERE IS ONE TRADER IS TRADING ONE PAIR ALONE, WE ARE ALL TRYING TO CATCH ANY PROFIT FROM ANY PAIR, SO WE ARE OPENING TRADES HERE AND THERE AS PER MECHANICAL OR INDICATOR OR OUR HEART SENSATION... OR JUST COIN TOES.... SO THE MISTAKE IN STOP LOSS IS THAT YOU ADD STOP LOSS LETS SAY 30 USD TO 0.1 LOT, ONCE IT IS TOUCHED YOU WOULD SAY, AHHH I LOST 30 USD.... NO MY FRIEND, YOU HAVE LOST 33 USD PLUS WAITING 3 USD TO PASS FROM THE SPREAD ZONE SO YOUR TOTAL LOSS IS 33 ACTUAL AND 33 + 3 MENTAL. THEN YOUR EQUITY IS LESS BY 33 ..... NOT 30 MY HEART.

FOR THE TAKE PROFIT FOR THE SAME EXAMPLE, YEA I MADE MY TP = 30 USD AND I CATCH IT, NO MY FRIEND, YOUR PROFIT IS 27 USD FOR 0.1 LOT AND THERE IS MENTAL LOSS OF 3 USD TO PASS THE SPREAD ZONE.

on today the audusd will have high impact event.

from the last 2 months, it is expected that the reult will be high " may be" so there will be so many retail traders will pump money buying the pair, and the big players will wait till the wave of feeding the monster is over then they will jump by selling dozens of the blocks of lots more than the retail bought to hunt the stop losses and the margin calls.....

so
i will sell aud/usd

what about you

and i will sell aud/nzd - actually i did it already..... what about you... are you with the big players or with the retails losers...

i'm going to buy from 1.102 since it is a strong support level

it did not break past 1.102 so far and maybe the uptrend will continue

i wouldn't short unless it closes below 1.102

we have seen already the pair reject this level but lets wait until the AUD trade balance and retail sales data for a better outlook

strong moves today

What do you think caused it? I was shorting on my demo. (Just trying to learn)

this pair will further rise till 1.118 before it drop IMO if it breaks 1.113 resistance level

Why?