AUD/USD | Page 5151 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #103,001
  • Sep 22, 2017 12:49am Sep 22, 2017 12:49am
Quoting SkyrEk
{quote} Good R&R indeed. I will look at daily and weekly close for a better idea of where it will be heading next week. Personally, i am looking for prices to retest .7950- 7960 region again before the next move down. Now that prices have consolidated, we can all just wait for prices to show us where its next impulsive move will go next. 15mins chart. Tight range. {image}
my advice would be not to short this pair.
  • #103,002
  • Edited 1:51am Sep 22, 2017 1:35am | Edited 1:51am
Quoting giveachance
{quote} most of the aussie banks are struggling with bad debt. thats what i read on the financial times the other day but yes does not mean aussie will fall in a straight line. i still maintain 7180 feb 2016 was the low in the aussie and the area from 7700-7800 is full of support. just shorted eur/aud
I wonder about your accuracy as a trader when you describe 7180 feb 2016 as the low. How do you classify the 6827 from Jan 2016?

For mine AU has made a lower high and a lower low on daily chart so shorts should be people's bias. Should you short at current level - NO, wait for a solid pullback first, eg if we don't see 79c broken just yet I'd be waiting for above 80c to go short. Weekly chart shows price is near overbought. Does this prevent price from setting a new high - NO, we went more than a month from late July to early Sept without a higher high but then got one so price can do what it wants but probability says that when weekly RSI is near overbought that the next big move is very likely down not up. I'll happily bet on 76c before 85c even though we've been in bull move since May. Will I bet my account on it - no. Capital must still be managed but keep probability in mind and it's not just two dimensional risk reward.

edit - by 76 before 85 I just mean probability of 76 is greater than 85 in short to medium term IMO, I'm not expecting one then the other (nor precluding it).
Hope for the best, prepare for the worst.
  • #103,003
  • Sep 22, 2017 2:43am Sep 22, 2017 2:43am
Quoting Expo33
{quote} He means price is very bearish on the larger time frames, rejection wicks, trend lines broken, etc etc. Gold and iron ore prices down. Why try and swim upstream? Maybe a little 30-40 pip erection before heading down to the next demand zone? {image}
Perfect. Aussie got it's 30 pip erection as I suspected. Taking a little short here.

Risk 20 for 120.
Attached Image (click to enlarge)
Click to Enlarge Name: au.png Size: 58 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #103,004
  • Sep 22, 2017 3:17am Sep 22, 2017 3:17am
Quoting Expo33
{quote} Perfect. Aussie got it's 30 pip erection as I suspected. Taking a little short here. Risk 20 for 120. {image}
Good R&R!
  • #103,005
  • Sep 22, 2017 3:44am Sep 22, 2017 3:44am
Quoting Expo33
{quote} Perfect. Aussie got it's 30 pip erection as I suspected. Taking a little short here. Risk 20 for 120. {image}
me too scare to short from here, put two pending short in .7980 and 0.800.... lets see...
making money is easy in forex, losing money is even easier...
  • #103,006
  • Sep 22, 2017 4:42am Sep 22, 2017 4:42am
dont short this PA. it is heading to 0.8050 as I see it
  • #103,007
  • Sep 22, 2017 4:48am Sep 22, 2017 4:48am
Quoting giveachance
dont short this PA. it is heading to 0.8050 as I see it
yes in comparison, NU went up 20 pips and came down 10, AU went up 30 and came down 5... its the reverse of yesterday
its stuck between following NU and UCAD or following EU and Co, its more than likely going to continue higher today unless USD gains against everything


and as strange as it is, everything showed some sort of weakness against USD m5 apart from NU, taking AU higher and vice versa... (m5 tf Candle to candle)
  • #103,008
  • Sep 22, 2017 4:58am Sep 22, 2017 4:58am
Testing yesterday high
  • #103,009
  • Sep 22, 2017 5:02am Sep 22, 2017 5:02am
Quoting Expo33
{quote} Perfect. Aussie got it's 30 pip erection as I suspected. Taking a little short here. Risk 20 for 120. {image}
Stopped out -20
Pride always comes before destruction.... -Proverbs 16:18
  • #103,010
  • Sep 22, 2017 9:26am Sep 22, 2017 9:26am
Quoting giveachance
{quote} retail have and will always be late to the party but retail can catch few pips if they are on the right side. aussie rose to 8125 i think it was 2 weeks back. 200 pips fall in 2 weeks on a dollar rally. I think we are yet to form the top in the aussie for this year. 0.8000 is where it should ideally rally on this move
20 pips short but i think we will touch it.
  • #103,011
  • Sep 22, 2017 9:35am Sep 22, 2017 9:35am
it's testing the 20-day moving average now and I think that it will stay below it

my targets are 0.7940, 0.7840, and 0.7800
Don't Worry Be Happy
  • #103,012
  • Sep 22, 2017 10:40am Sep 22, 2017 10:40am
Quoting gugun555
{quote} me too scare to short from here, put two pending short in .7980 and 0.800.... lets see...
i dont really like the PA now, only 0.7980 triggered, closed it manually +6 and cancelled pending short at 0.8...
now time to enjoy my week end
making money is easy in forex, losing money is even easier...
  • #103,013
  • Sep 22, 2017 11:26am Sep 22, 2017 11:26am
PA shows weakness ATM.

Enjoy your weekends!

Next week will be good.
  • #103,014
  • Sep 23, 2017 10:11am Sep 23, 2017 10:11am
Monday .... I'll be BUY , my profit target in 0.7975 (I hope)
Attached Image
  • #103,015
  • Sep 23, 2017 3:28pm Sep 23, 2017 3:28pm
Quoting MrPresident
it's testing the 20-day moving average now and I think that it will stay below it my targets are 0.7940, 0.7840, and 0.7800
Agree
  • #103,016
  • Sep 24, 2017 12:04am Sep 24, 2017 12:04am
it is going down next week...
  • #103,017
  • Sep 24, 2017 10:26pm Sep 24, 2017 10:26pm
Gonna leave this here.

Short .7955
SL: .7995
TP: .7850

Potential Pips: 105Pips
Risk: 40Pips

Cheers!
Have a great week.

p.s: Live updates on my trading IG - Instagram
  • #103,018
  • Sep 25, 2017 2:43am Sep 25, 2017 2:43am
using 7902 and 7840 as supports....nothing interesting to report on resistances as of yet...gl all
Look Sharp/Trade Tight
  • #103,019
  • Sep 25, 2017 3:00am Sep 25, 2017 3:00am
Quoting SkyrEk
Gonna leave this here. Short .7955 SL: .7995 TP: .7850 PotentiaI wish l Pips: 105Pips Risk: 40Pips Cheers! Have a great week. p.s: Live updates on my trading IG - Instagram
I wish you had a twitter account
Chief Member of 220 mph Riders Club...
  • #103,020
  • Sep 25, 2017 7:53am Sep 25, 2017 7:53am
it might not break 0.7940 and it can reverse once the other FED speakers turn dovish
Don't Worry Be Happy
117 traders viewing now