short from 0.7793..................... s/l 0.7820
The AUD is very overbought and is ready for sharp downmove.
The AUD is very overbought and is ready for sharp downmove.
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Disliked{quote} This stup is still valid. As long as the price holds above 0.7730-50 area, AUD/USD is still bullish.Ignored
Disliked{quote} Still intact. The weekly bullish channel will probably give us 0.83xx by mid February. Anyway it’s so difficult to make reliable analysis nowadays. The market has changed its nature completely. Let’s see.Ignored
Dislikedshort from 0.7793..................... s/l 0.7820 The AUD is very overbought and is ready for sharp downmove.Ignored
DislikedI doubt there will be any significant bearish relief until 79 areaIgnored
Disliked{quote} I'm not saying it will head south right now. It may indeed test 79 again but I certainly wouldn't be a buyer at this level. In the past 2 weeks gold pushes to 1300, oil pushes to 60. Imho, Aussie only goes significantly higher if commodities continue to lead. For me the path of least resistance eventually will be down Anyways, safe trading. More than one way to skin a catIgnored
Disliked{quote} Yeah I wouldn't recommend buying either, but 3 bullish weekly candles off the ascending weekly TL is not to be sneezed at.Ignored
Disliked{quote} The bullish weeks will continue as long as retailers trade down. Wherever you look at the brokers’ statistics you’ll see how many more traders are bearish compared to the bullish ones. This shows only one thing - people are crazy and around 65% by now trade agains the trend. That shows how low the quality of the average trader is. around 85% do not know how to trade and 20% of them are extremely lucky if they make some profits from time to time. The rest of them are constantly losing money and feeding the market. The only way way to stay...Ignored
Disliked{quote} i think they dont trade against th trend. they think that is the trend! so, when you say "stay with the trend", what you mean? how you determine the main trend?Ignored
Disliked{quote}[/b] Many ways to do this man. The internet is full of trading lessons. I personally use a combination of MA(50) and MA(100) on a timeframe bigger than 1H. Then go to lower TF to determine S/R. It’s funny when you say that “they think that they trade with the trend”. Don’t they look at the charts and see where the trend goes?! I mean if look at 5m or 10m chart, it will not tell you much about the trend. Look at bigger timeframes if you want to see where the price is heading to. CheersIgnored
Disliked{quote} over these years, so many time my 60ma moved over 100ma and i thougth that the pair heading north and saw a sharp 200pip fall! i think same happens to many of those you called "intermediate traders"Ignored
Disliked{quote}[/b] Many ways to do this man. The internet is full of trading lessons. I personally use a combination of MA(50) and MA(100) on a timeframe bigger than 1H. Then go to lower TF to determine S/R. It’s funny when you say that “they think that they trade with the trend”. Don’t they look at the charts and see where the trend goes?! I mean if look at 5m or 10m chart, it will not tell you much about the trend. Look at bigger timeframes if you want to see where the price is heading to. CheersIgnored
Disliked{quote} Maybe. But as said, it depends on which timeframe you are looking at. Small timeframes will not tell you anything about the trend. It also depends what kind of trader you are - a scalper, a day trader, a midterm trader or a long term trader. Said that, using only MA is not enough. Actually using MA is not strictly necessary. Top down approach based on your trading style will tell you everything you need to know about the trend.Ignored
Disliked{quote} you r right, i understand your point so... let s see if The bullish weeks continue next weekIgnored