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AUD/USD

  • #103,641
  • Jan 22, 2018 3:28pm Jan 22, 2018 3:28pm
Quoting MrPresident
went short with target of 0.79, stop above 0.8125 looks overbought and heavy
Depends on you tf; don't fight strong trend on the daily. It can be bloody
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #103,642
  • Jan 22, 2018 3:37pm Jan 22, 2018 3:37pm
Quoting 9jatrader
{quote} Depends on you tf; don't fight strong trend on the daily. It can be bloody
daily time frame, USD might be supported by good data so short AUD/USD could be a good trade
Don't Worry Be Happy
  • #103,643
  • Jan 22, 2018 3:40pm Jan 22, 2018 3:40pm
Quoting MrPresident
{quote} daily time frame, USD might be supported by good data so short AUD/USD could be a good trade
Friend don't trade what might happen, but what we see on the chart
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #103,644
  • Jan 22, 2018 4:54pm Jan 22, 2018 4:54pm
As can be seen in the chart. I am still long on AUDUSD. My target is top of the trend channel. Unless if it will break the short term trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 145 KB
  • #103,645
  • Jan 23, 2018 8:08am Jan 23, 2018 8:08am
Quoting 9jatrader
{quote} Friend don't trade what might happen, but what we see on the chart
the chart shows that it is overbought and it will probably start to fall below 0.79 this week, unless it can get over 0.8125
Don't Worry Be Happy
  • #103,646
  • Jan 23, 2018 8:10am Jan 23, 2018 8:10am
I was short (you can refer to my thread) at 0.8, am out (I took half at 0.7960) and the remainder at 0.798X. USD is acting like a little girl again, so yeah....

Chart shows overbought but I'm never a fan of overbought/oversold. Techs does suggest a move down, but USD is a little bitch so...
  • #103,647
  • Jan 23, 2018 1:38pm Jan 23, 2018 1:38pm
Quoting MoneyFocus
I was short (you can refer to my thread) at 0.8, am out (I took half at 0.7960) and the remainder at 0.798X. USD is acting like a little girl again, so yeah.... Chart shows overbought but I'm never a fan of overbought/oversold. Techs does suggest a move down, but USD is a little bitch so...
I've been short since 78c and have my highest one at 8026. 4hr chart suggests we are starting to see lower highs and lower lows so I'm happy to try and replace some positions closed in profit at 7999 and 7991 at 8015 and above. Also have orders in place for above 8039 high if we get there. Daily is overbought but weekly not there yet so I'm prepared for more up if it happens before a decent correction or reversal.
Hope for the best, prepare for the worst.
  • #103,648
  • Jan 23, 2018 1:51pm Jan 23, 2018 1:51pm
Quoting dab
{quote} I've been short since 78c and have my highest one at 8026. 4hr chart suggests we are starting to see lower highs and lower lows so I'm happy to try and replace some positions closed in profit at 7999 and 7991 at 8015 and above. Also have orders in place for above 8039 high if we get there. Daily is overbought but weekly not there yet so I'm prepared for more up if it happens before a decent correction or reversal.
I used to trade like this. But unfortunately your analysis is too short term, your looking at lower highs , lower lows in the short term. If you look at the bigger picture you will see AUSUSD is in an uptrend channel.
You could have done a buy today at .7950 with a really small stoploss. NEVER SELL in an uptrend channel is my opinion. Unltil it is broken. and even then wait for a better price into which a new downtrend channel will develop.

Take profit at .8080
  • #103,649
  • Jan 23, 2018 1:57pm Jan 23, 2018 1:57pm
Quoting MrPresident
{quote} the chart shows that it is overbought and it will probably start to fall below 0.79 this week, unless it can get over 0.8125
Trying to pick a top is fatal. Overbought or oversold is a myth
  • #103,650
  • Edited 2:12pm Jan 23, 2018 2:02pm | Edited 2:12pm
Quoting MrPresident
{quote} the chart shows that it is overbought and it will probably start to fall below 0.79 this week, unless it can get over 0.8125
The bulls are too strong for now. Also check the positive correlated pair, EURUSD. It's closing strongly with Hammer with body bullish . The bulls are also in charge of EU. Either you or I might be wrong, but market is always right
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #103,651
  • Jan 23, 2018 2:08pm Jan 23, 2018 2:08pm
When look at the weekly we see that for six weeks no bearish candle had been able to form. On the monthly no bearish candle had been able to form for two months. This type of movement helps to determine who are in charge. Trade safe. I remain bullish for now and my positions still open
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #103,652
  • Jan 23, 2018 2:14pm Jan 23, 2018 2:14pm
Am just analyzing please- not asking anyone to follow my bias
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #103,653
  • Jan 23, 2018 2:29pm Jan 23, 2018 2:29pm
Watch this pair closely. It could be a multi month wedge that could break, or false break up and then down. Here is a weekly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 62 KB
  • #103,654
  • Jan 23, 2018 3:03pm Jan 23, 2018 3:03pm
Quoting de5151
Watch this pair closely. It could be a multi month wedge that could break, or false break up and then down. Here is a weekly chart. {image}
if its broken that big monthly line. Then its no longer valid, no such thing as a false break
  • #103,655
  • Jan 23, 2018 9:44pm Jan 23, 2018 9:44pm
Hybrid to true.
It's up for Aussie I think
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 27 KB
Click to Enlarge Name: AUDUSDDaily.png Size: 25 KB
Come with me if you want to live....
  • #103,656
  • Jan 24, 2018 3:49am Jan 24, 2018 3:49am
Quoting de5151
Watch this pair closely. It could be a multi month wedge that could break, or false break up and then down. Here is a weekly chart. {image}
Dont say i did not warn you
  • #103,657
  • Jan 24, 2018 5:50am Jan 24, 2018 5:50am
if it gets over 0.8125, then I won't sell

but it really does look like it will fall down
Don't Worry Be Happy
  • #103,658
  • Jan 24, 2018 9:43pm Jan 24, 2018 9:43pm
Quoting Ill-b-back
Hybrid to true. It's up for Aussie I think {image} {image}
Looking at the demise of the USD index, the against all odds resurrection of TPP for Australia but without America, along with tech analysis, I think the white TL will become obsolete.

Trump wants a weak $ to kickstart his "factories across the land", and I think he will get it.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDMonthly.png Size: 28 KB
Come with me if you want to live....
  • #103,659
  • Jan 24, 2018 9:47pm Jan 24, 2018 9:47pm
Quoting MrPresident
if it gets over 0.8125, then I won't sell but it really does look like it will fall down
What makes it look like it will fall down?
Looking at the weekly and daily, we have a confirmed break
I think 8125 will get taken out with the garbage
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 25 KB
Click to Enlarge Name: AUDUSDDaily.png Size: 30 KB
Come with me if you want to live....
  • #103,660
  • Edited 7:11am Jan 25, 2018 6:59am | Edited 7:11am
Quoting Ill-b-back
{quote} What makes it look like it will fall down? Looking at the weekly and daily, we have a confirmed break I think 8125 will get taken out with the garbage {image} {image}
it failed to get above 0.8125 which was a good level to sell from, the daily chart shows that the rally is exhausting

0.8125 is the 2017 high and it must get above it to continue further towards 0.8160 or higher, otherwise it may fall down hard

the drive for the rally is only USD weakness and a bit of commodity strength, so any correction will make the pair tumble
Don't Worry Be Happy
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