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AUD/USD

  • #103,721
  • Feb 8, 2018 7:38am Feb 8, 2018 7:38am
Quoting aeternum
{quote} Seems like bears are going to taking a break. Expecting a little corrective action
After 1 more down, weekly has touched 20EMA. A little neutral now but Daily seems to want some ups for some correction after that long down move
A 1 pip gain is better than a 1 pip loss.
  • #103,722
  • Feb 8, 2018 7:49am Feb 8, 2018 7:49am
Quoting aeternum
{quote} After 1 more down, weekly has touched 20EMA. A little neutral now but Daily seems to want some ups for some correction after that long down move
Whatever happens, I expect a visit at 0.82xx before any big move down...
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #103,723
  • Feb 8, 2018 10:49am Feb 8, 2018 10:49am
Quoting NotAtrader
{quote} Whatever happens, I expect a visit at 0.82xx before any big move down...
Well I can't see that far but I think for now bears are a little tired. But if we do bounce from here, probably expect 38.2/61.8 up / double top / higher highs.

I don't predict or forecast, just trade what I feel is right. Let's see how well you go for at 0.82xx
A 1 pip gain is better than a 1 pip loss.
  • #103,724
  • Feb 8, 2018 6:57pm Feb 8, 2018 6:57pm
RBA statement very long so I skimmed it. Would be nice to give summary at the end. Anyway, looked like the same as last time, wages low, inflation low, no rate hikes coming. More likely to cut rates as economy is stagnant.

It is oversold at the moment, look at last bars on weekly. If we get a decent pullback into .7822 area, I will take small shorts and add on the way down to at least .75 maybe even more. I may even look to other crosses, especially Cable. I think it's going to get some rate hikes as BOE getting fearful of inflation.

But I am not going to chase shorts in AUD. RBA has a habit of underselling the economy.
Ecclesiastes 1:9
  • #103,725
  • Feb 9, 2018 3:28am Feb 9, 2018 3:28am
Quoting newbegger
RBA statement very long so I skimmed it. Would be nice to give summary at the end. Anyway, looked like the same as last time, wages low, inflation low, no rate hikes coming. More likely to cut rates as economy is stagnant. It is oversold at the moment, look at last bars on weekly. If we get a decent pullback into .7822 area, I will take small shorts and add on the way down to at least .75 maybe even more. I may even look to other crosses, especially Cable. I think it's going to get some rate hikes as BOE getting fearful of inflation. But I am not...
I have said that before and I will say it again. USA, Russia an UK are manipulating the AUD by pushing it higher beyond anything that makes sense. The purpose of making the AUD so high is to make China buy commodities and raw materials from Russia, UK and USA instead of from Australia. The Australian government is aware of that fact and thus making their economy look like a disaster.

Let’s see what happens. This war cannot continue forever and I think in the end Australia will be loser and AUD will shoot sky-high.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #103,726
  • Feb 9, 2018 3:54am Feb 9, 2018 3:54am
Very interesting viewpoint!

KP

Quoting NotAtrader
{quote} I have said that before and I will say it again. USA, Russia an UK are manipulating the AUD by pushing it higher beyond anything that makes sense. The purpose of making the AUD so high is to make China buy commodities and raw materials from Russia, UK and USA instead of from Australia. The Australian government is aware of that fact and thus making their economy look like a disaster. Let’s see what happens. This war cannot continue forever and I think in the end Australia will be loser and AUD will shoot sky-high.
Do your homework, follow the footprints of smart money
  • #103,727
  • Feb 9, 2018 4:09am Feb 9, 2018 4:09am
Quoting KeenPips
Very interesting viewpoint! KP {quote}
It’s rather a conspiracy, but looking at the increasing diplomacy activity between the three mentioned countries and China, this is the picture I get and it’s becoming more cLear recently.

The interesting thing is that my technical chart views fit 100% this fundamental outlook. But again there is something called comfirmational bias. It is when you look everywhere for details to prove something you already believe it’s true, no matter what others tell you. That makes me think that I am biased. Let’s see..

Good luck buddy
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #103,728
  • Feb 9, 2018 6:00am Feb 9, 2018 6:00am
Good to know that you are not swayed by other traders' opinions but what your analysis - technical and fundamental - dictates.

Trade safe and prosper.

KP

Quoting NotAtrader
{quote} It’s rather a conspiracy, but looking at the increasing diplomacy activity between the three mentioned countries and China, this is the picture I get and it’s becoming more cLear recently. The interesting thing is that my technical chart views fit 100% this fundamental outlook. But again there is something called comfirmational bias. It is when you look everywhere for details to prove something you already believe it’s true, no matter what others tell you. That makes me think that I am biased. Let’s see.. Good luck buddy
Do your homework, follow the footprints of smart money
  • #103,729
  • Feb 9, 2018 7:23am Feb 9, 2018 7:23am
Wow!!! What a spike....... Go on baby
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #103,730
  • Feb 9, 2018 7:24am Feb 9, 2018 7:24am
Quoting NotAtrader
Wow!!! What a spike....... Go on baby
dead cat bounce before market open

next target 0.775
Don't Worry Be Happy
  • #103,731
  • Feb 9, 2018 8:29am Feb 9, 2018 8:29am
Got shorty at .7822. I will keep stop tight as it's Friday and may be some profit taking. Trailing now.
Ecclesiastes 1:9
  • #103,732
  • Feb 9, 2018 10:17am Feb 9, 2018 10:17am
Quoting newbegger
Got shorty at .7822. I will keep stop tight as it's Friday and may be some profit taking. Trailing now.
Stops now at .7812, locked in 10 pips. I don't like the price action here, looks like a bull flag. And US Stocks are in the green now and looks like the bulls are making a push (or maybe bears heading for the exits)

Happy trading!

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 75 KB
Ecclesiastes 1:9
  • #103,733
  • Feb 9, 2018 10:30am Feb 9, 2018 10:30am
Quoting NotAtrader
{quote} I have said that before and I will say it again. USA, Russia an UK are manipulating the AUD by pushing it higher beyond anything that makes sense. The purpose of making the AUD so high is to make China buy commodities and raw materials from Russia, UK and USA instead of from Australia. The Australian government is aware of that fact and thus making their economy look like a disaster. Let’s see what happens. This war cannot continue forever and I think in the end Australia will be loser and AUD will shoot sky-high.
I am not sure I follow your theory. Since Renminbi is fixed exchange rate that is adjusted daily, they adjust currency to what they are willing to pay that day so price in AUD or any other currency not a factor. China is state run enterprise and has smartest leaders in the world.
Ecclesiastes 1:9
  • #103,734
  • Feb 9, 2018 12:37pm Feb 9, 2018 12:37pm
Quoting newbegger
{quote} Stops now at .7812, locked in 10 pips. I don't like the price action here, looks like a bull flag. And US Stocks are in the green now and looks like the bulls are making a push (or maybe bears heading for the exits) Happy trading! {image}
A little too close. Pump and dump before the plunge. That's the trading business. More to come as stocks going down again.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1.png Size: 69 KB
Ecclesiastes 1:9
  • #103,735
  • Feb 9, 2018 3:36pm Feb 9, 2018 3:36pm
Quoting MrPresident
{quote} dead cat bounce before market open next target 0.775
Obviously this cat still has many lives left ;-)
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #103,736
  • Feb 11, 2018 9:35pm Feb 11, 2018 9:35pm
Get ready Australia .. RBNZ Chief economist is right on the money.

https://www.stuff.co.nz/business/101...-dont-get-that

Australian banks are talking their own crap. The economy is failing.

The US economy is growing but that doesnt mean Australia and NZ will.

The US cut hard and made some positive decisions
  • #103,737
  • Feb 11, 2018 11:13pm Feb 11, 2018 11:13pm
Quoting NotAtrader
{quote} Obviously this cat still has many lives left ;-)
cat got 9 lives lol
  • #103,738
  • Feb 12, 2018 7:10am Feb 12, 2018 7:10am
I can see the majority of the retailers are short. Though their percentage gets smaller with each day, this is still a good enough reason for the big pockets to push this pair up.
I remain LONG as long as the selling percentage of the retailers is greater than the buying ones.
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  • #103,739
  • Feb 12, 2018 7:14am Feb 12, 2018 7:14am
it has been stuck at 0.784, i will attempt to sell from here
Don't Worry Be Happy
  • #103,740
  • Feb 12, 2018 7:31am Feb 12, 2018 7:31am
Quoting MrPresident
it has been stuck at 0.784, i will attempt to sell from here
Trying to invite those who are not in ( short ) yet- making nice entry for them
Make all mistakes in demo and rain in pips in live account
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