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AUD/USD

  • #104,921
  • May 1, 2019 8:44am May 1, 2019 8:44am
Iron ore prices down 4.5% today.
Pride always comes before destruction.... -Proverbs 16:18
  • #104,922
  • May 1, 2019 3:49pm May 1, 2019 3:49pm
Hey All,

EOD has seen price move closer to the Hard Point of 0.70000. This level has not been seen, not counting the flash crash in January, in over 2 years. The last time this area was contested, the Bears lost bad as AUD strengthened by over 1200 pips over the course of a year. Now we are back. If it is a repeat of last time or smash and fall to the next Hard Point of 0.6000, price is poised to start moving out of this stagnant nonsense it has been experiencing. My Trade Triangle is tightening to the down side. I don't care which way it breaks, as long as it does. I see Long as having more potential but Short as more likely.

We shall see.

- Ric
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUDUSD 05012019-W.png Size: 94 KB
Be humble or get humbled
  • #104,923
  • May 2, 2019 3:14pm May 2, 2019 3:14pm
Quoting riclater211
Hey All, EOD has seen price move closer to the Hard Point of 0.70000. This level has not been seen, not counting the flash crash in January, in over 2 years. The last time this area was contested, the Bears lost bad as AUD strengthened by over 1200 pips over the course of a year. Now we are back. If it is a repeat of last time or smash and fall to the next Hard Point of 0.6000, price is poised to start moving out of this stagnant nonsense it has been experiencing. My Trade Triangle is tightening to the down side. I don't care which way it breaks,...
Hey All,

I may be a bit premature, but no risk no reward. I triggered a short today @ 0.69978. Price broke my trend line and broke the Hard Point of 0.70000. I maybe could have waited another day but I am taking a shot. My stop is at roughly the last swing high. Set a 2:1 target which is just about midway down the flash crash move from January.

- Ric
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 05022019.png Size: 98 KB
Be humble or get humbled
  • #104,924
  • May 2, 2019 3:51pm May 2, 2019 3:51pm
hello again,

red news ahead in a few hours. technically itīs a clear short. this pair got beaten a lot. will that dead cat bounce? testing waters, first longs

@0.69988 sl -20 tp +60
@0.69989 sl -20 tp +60

good luck!
fortis fortuna adiuvat
  • #104,925
  • May 2, 2019 4:38pm May 2, 2019 4:38pm
long @0.70014 sl -20 tp +60
fortis fortuna adiuvat
  • #104,926
  • May 2, 2019 6:38pm May 2, 2019 6:38pm
long @0.69973 sl -20 tp +60
fortis fortuna adiuvat
  • #104,927
  • May 2, 2019 6:45pm May 2, 2019 6:45pm
Quoting WealthBuildr
{quote} Interesting idea Sir. You made me remember a strategy called <Event-Driven Intraday Volatility Breakout>, it was created by a professional trader known as Davit to be used around news time, Are you a student of him?
lol - me, a student of him?
but since you are a new member and have asked me in a polite manner:
no, iīm not. if you search my posts with that term in <>, you might find an answer.
twt if iīm right with that longs.

all the best
d1
fortis fortuna adiuvat
  • #104,928
  • May 2, 2019 6:47pm May 2, 2019 6:47pm
Quoting deltaone
{quote} lol - me, a student of him? but since you are a new member and have asked me in a polite manner: no, iīm not. if you search my posts with that term in <>, you might find an answer. twt if iīm right with that longs. all the best d1

so u betting on the bounce?
  • #104,929
  • May 2, 2019 6:50pm May 2, 2019 6:50pm
Attached Image
fortis fortuna adiuvat
  • #104,930
  • May 2, 2019 7:37pm May 2, 2019 7:37pm
long @0.69993 sl -20 tp +60
fortis fortuna adiuvat
  • #104,931
  • May 2, 2019 7:42pm May 2, 2019 7:42pm
Attached Image
fortis fortuna adiuvat
  • #104,932
  • May 2, 2019 8:00pm May 2, 2019 8:00pm
Quoting WealthBuildr
{quote} I'll keep an eye on this concept . How to be sure the broker respect your stop-loss during such volatile periods?
nothing is sure when vola hits the market - no broker can assure such a relative tight sl. i know it can take me out far below that level. but position is still not dangerous regarding free margin. iīm not a gambler though it seems so average entry is at be now, so thereīs a chance to get out at estimated sl if news are not in my favour. time will tell...
fortis fortuna adiuvat
  • #104,933
  • Edited 8:23pm May 2, 2019 8:08pm | Edited 8:23pm
Quoting WealthBuildr
{quote} Interesting idea Sir. You made me remember a strategy called <Event-Driven Intraday Volatility Breakout>, it was created by a professional trader known as Davit to be used around news time, Are you a student of him?
i hear he also invented pivots.. praise davit
grist for the mill
  • #104,934
  • May 2, 2019 8:12pm May 2, 2019 8:12pm
Quoting JackJones
{quote} i hear he also invented pivots.. praise davit!
fortis fortuna adiuvat
  • #104,935
  • May 2, 2019 8:37pm May 2, 2019 8:37pm
data below expectations regarding ff calendar, but sl not hit so far.
fortis fortuna adiuvat
  • #104,936
  • May 2, 2019 8:39pm May 2, 2019 8:39pm
Considering how bad it is the impact is minimal... maybe the .7 resistance is too much?
  • #104,937
  • May 2, 2019 8:41pm May 2, 2019 8:41pm
time for a cig and a beer, decision afterwards.
fortis fortuna adiuvat
  • #104,938
  • May 2, 2019 8:53pm May 2, 2019 8:53pm
so far price found support around 0.6985. regarding data was bad, a good sign. keeping my longs atm, watching pa.
fortis fortuna adiuvat
  • #104,939
  • May 2, 2019 8:54pm May 2, 2019 8:54pm
Quoting WealthBuildr
{quote} Then why the indicator has his name on it?
because he likes to take credit for other peoples work?
grist for the mill
  • #104,940
  • May 2, 2019 8:58pm May 2, 2019 8:58pm
ok, new low would be bad: setting sl for all @0.6983
fortis fortuna adiuvat
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