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AUD/USD

Best wishes for your success in the years ahead mate.

KP

Quoting NotAtrader
{quote} Thanks mate. You are one of the traders that I am learning from. Happy new year bro.
Do your homework, follow the footprints of smart money
Happy New Year to all traders.

Daily Chart

Upside to 61.8% and downmove thereafter.
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It's interesting to see how EURUSD and AUDUSD are positively correlated
Quoting 9jatrader
It's interesting to see how EURUSD and AUDUSD are positively correlated
Yes that is what's going to occur for nest eight day, study your chart well thanks
what happened to AUDUSD to make U-turn suddenly, from south to north, 20pips?
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
Has somebody else seen the monthly bullish engulfing candle?
could go to 0.79

resistance at 0.785
Don't Worry Be Happy
Quoting Trader-Waldo
what happened to AUDUSD to make U-turn suddenly, from south to north, 20pips?
Not gonna lie, I am surprised too. I nearly did a Eur/Aud long... lol
Quoting Expo33
{quote} With all due respect, I think another 500 pips north in the next 6 weeks is a bit ambitious for a currency that has an ADR of 40-50 pips. Regardless of technical analysis, hard to imagine banks, hedge funds, etc will have enough fundamental impetus to push the Aussie to 83 by mid February. Maybe a ride down the fork to see Mr. Median {image}
Mate, it already covered 350 pips up during the past thre weeks. Why wouldn’t it cover another 150 pips up during the next three weeks? As long as the retailers are feeding the market by trading against the trend, the powerful trading organization and the big pocket guys will not hesitate to push it higher and collect money.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Quoting NotAtrader
{quote} Mate, it already covered 350 pips up during the past thre weeks. Why wouldn’t it cover another 150 pips up during the next three weeks? As long as the retailers are feeding the market by trading against the trend, the powerful trading organization and the big pocket guys will not hesitate to push it higher and collect money.
His statement suggested that price may be at 83xx by mid february. That's 500 additional pips from the 78xx area, not 500 pips from the last impulse that started on December 8th.
Pride always comes before destruction.... -Proverbs 16:18
Quoting Expo33
{quote} His statement suggested that price may be at 83xx by mid february. That's 500 additional pips from the 78xx area, not 500 pips from the last impulse that started on December 8th.
Sorry. I said it wrongly.
The thing is: If it covered 350 in three weeks, then 500 in six week shouldn’t be a problem.
Look at weekly. Draw a bullish channel. Make projection of the probable price hitting the upper channel line. It projects at around 0.82xx probably 83 in about six weeks. All that only if it continues up. I have a slight doubt because there is a sub channel which may prevent this.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Quoting luatrader
Has somebody else seen the monthly bullish engulfing candle?
Yea, closed strongly above the middle band, though I got in using the daily middle band and 4hr upper band strategy

Same with weekly, 10th December, 2017. This did not only form strong bullish engulfing, but also rejected bollinger lower band
I mistakenly forgot to post my chart in this thread yesterday. From today trend looks likes to be bearish and we are already in correction area. We should now look for some bears....

Yesterday H1 chart (3 Jan 2017....Oops 2018.. !)

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Last 24 hours + she's been showing all the signs of topping out exhibiting that ever important and long awaited 'Irrational exuberance" with some kick ass 1h swings

So Im sticking me head out @ 78.3 on the nose for a trip south to a Tp of 75.2wot ever, or 75.2xx for the purists manual stop 79.1wot ever (vol dependant)

crash and burn then the next attempt for me is our ever looming Big Muda of an RN ... 80

Just remember DYOR, make sure you KISS and like me ..... GAMBLE! responsibly


Peace'meat'freaks
Quoting NotAtrader
{quote} Sorry. I said it wrongly. The thing is: If it covered 350 in three weeks, then 500 in six week shouldn’t be a problem. Look at weekly. Draw a bullish channel. Make projection of the probable price hitting the upper channel line. It projects at around 0.82xx probably 83 in about six weeks. All that only if it continues up. I have a slight doubt because there is a sub channel which may prevent this.
As much as I am a technical trader, I just can't fathom any fundamental reason to be a buyer of this currency at this level. Anything is possible, but with a 40 pip daily range, it just doesn't seem plausible that the Aussie will move another 500 pips in the next 30 trading sessions, especially after such a strong run up in December.

Safe trading
Pride always comes before destruction.... -Proverbs 16:18
Looking at weekly/Daily PA and recently broken descending daily TL, A/NZ is the pair to be long on.
Come with me if you want to live....
I am only looking for shorts at this level, BUT the trend is still up. I'll wait.
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FF journal: Peaks and Troffs
Daily chart
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FF journal: Peaks and Troffs
Quoting Expo33
{quote} As much as I am a technical trader, I just can't fathom any fundamental reason to be a buyer of this currency at this level. Anything is possible, but with a 40 pip daily range, it just doesn't seem plausible that the Aussie will move another 500 pips in the next 30 trading sessions, especially after such a strong run up in December. Safe trading
Some take the pleasure of going against strong trend.
Quoting 9jatrader
{quote} Some take the pleasure of going against strong trend.
Our local (Australia) fundamental reports expecting a strong bull in 2018. Mainly due to increase in commodities, and breathless USD. So, we might see 80 again sometime this year, who knows!
For now, I will only take longs if the price is good.
luck is a loser's excuse
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