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AUD/USD

  • #105,101
  • May 20, 2019 2:08pm May 20, 2019 2:08pm
Greetings - Looking at a 5 Wave Movement up, enter [.6905] L O N G D

you got the harmonic PRZ level, ABC corrective wave counts, all aligns for a nice 50 - 150 point Movement Upward. .
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  • #105,102
  • May 20, 2019 4:15pm May 20, 2019 4:15pm
Quoting MrPresident
there is the CNY Caixin Services PMI, AUD Retail Sales m/m, and AUD Trade Balance data before the RBA rate decision if the data is good, the pair could go higher but then sharply reverse if there is a rate cut, which would trap bulls if the data is bad, there is a risk of the 0.70 region being broken but that could be temporary if there is no rate cut due, which would trap the bears so, I think it is best to stay out and watch what happens after the rate decision and maybe sell rallies from a higher price level {image}
more downside is likely this week and it might even accelerate, pullbacks will probably be sold

i have one more target to reach
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Don't Worry Be Happy
  • #105,103
  • May 20, 2019 4:52pm May 20, 2019 4:52pm
Quoting riclater211
{quote} Hey All, Trade is still alive after 15 days and creeping closer to my Target of 0.63848. Secure stop is now at 0.69200 which equals 74 pips. As of market close I am only 24 pips away from my target so with any luck that full 150 pips will be mine in a few days!! Have A Great Weekend, - Ric {image}
Hey All,

Well that was a very sharp retrace. Secure stop taking out 0.69200 banking 73.8 pips. I was not expecting such a reversal. At least not to that degree in one day. Oh well, 74 pips is fine. Not sure what is going to happen not. Wait and see this week for some analysis.

- Ric
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Be humble or get humbled
  • #105,104
  • Edited 9:38pm May 20, 2019 9:17pm | Edited 9:38pm
Notes say they are watching domestic spending and unemployment, aiming for 1.5-2% inflation, so if these numbers are bad it could be sell time again if property numbers are also down as they are expecting more demand.

noticed US brought and 0.6900 held on a push down this morning so will see if that holds today.. if not then down to the lows we go

good news is iron ore and comms are picking up a little, so it might support it a bit

if by a miracle it can get to 6950 this week there might be life in the aussie
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grist for the mill
  • #105,105
  • May 20, 2019 10:06pm May 20, 2019 10:06pm
I'm surprised RBA has been a non-event..
If you want in on my experimental EA, PM me.
  • #105,106
  • May 20, 2019 10:11pm May 20, 2019 10:11pm
Well, the moment I say that, AUD tanks..lol.
If you want in on my experimental EA, PM me.
  • #105,107
  • May 20, 2019 10:22pm May 20, 2019 10:22pm
Quoting Theoak
Long in at 0.6919

How you trade? According to what???
Don't Think Too Much, It's Easy...
  • #105,108
  • May 20, 2019 10:46pm May 20, 2019 10:46pm
Quoting MrPresident
{quote} more downside is likely this week and it might even accelerate, pullbacks will probably be sold i have one more target to reach {image}
AUD dropping nicely today
Don't Worry Be Happy
  • #105,109
  • May 20, 2019 11:32pm May 20, 2019 11:32pm
Quoting MrPresident
{quote} AUD dropping nicely today
these people that say "Asia has no volume" must be too busy sleeping

0.6865 here we come
grist for the mill
  • #105,110
  • May 21, 2019 12:26am May 21, 2019 12:26am
Quoting JackJones
{quote} these people that say "Asia has no volume" must be too busy sleeping 0.6865 here we come
they sleep way too much
  • #105,111
  • May 21, 2019 12:29am May 21, 2019 12:29am
Quoting dollarlord
{quote} How you trade? According to what???
Closed this off ages ago I think it was 10 pips up
Don't trade what you think. Just what you see!!!
  • #105,112
  • May 21, 2019 12:42am May 21, 2019 12:42am
shorting 0.6875
Don't trade what you think. Just what you see!!!
  • #105,113
  • May 21, 2019 3:30am May 21, 2019 3:30am
Quoting Theoak
shorting 0.6875
Winner 3.9 pips
Don't trade what you think. Just what you see!!!
  • #105,114
  • May 21, 2019 3:58am May 21, 2019 3:58am
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  • #105,115
  • May 21, 2019 5:41am May 21, 2019 5:41am
Shorting in at 0.6887
Don't trade what you think. Just what you see!!!
  • #105,116
  • May 21, 2019 6:11am May 21, 2019 6:11am
Quoting Theoak
Shorting in at 0.6887
Winner 3.5 pips
Don't trade what you think. Just what you see!!!
  • #105,117
  • Edited 8:07am May 21, 2019 7:05am | Edited 8:07am
Quoting JackJones
{quote} these people that say "Asia has no volume" must be too busy sleeping 0.6865 here we come
would be interesting to see if a/u gets brought here because the cut is 92% certain this 4th of May June.. could be a case of sell the rumour /buy the fact

worse still is aus companies now talking publicly about reviewing hauwai contracts , China could crush Aus like a bug, with the only thing saving us being the china elites owning half the eastern seaboard - hooray for globalism!
grist for the mill
  • #105,118
  • May 21, 2019 7:31am May 21, 2019 7:31am
Quoting JackJones
{quote} would be interesting to see if a/u gets brought here because the cut is 92% certain this 4th of May.. could be a case of sell the rumour /buy the fact worse still is aus companies talking publicly about reviewing hauwai contracts , China could crush Aus like a bug, with the only thing saving us being the china elites owning half the eastern seaboard - hooray for globalism!
U mean 4th of June and if it’s happened i will just say RIP AUD .
Don't Think Too Much, It's Easy...
  • #105,119
  • May 21, 2019 7:48am May 21, 2019 7:48am
This news should be positive for audusd.

https://oilprice.com/Energy/Natural-...Trade-War.html
  • #105,120
  • May 21, 2019 3:35pm May 21, 2019 3:35pm
Quoting riclater211
{quote} Hey All, Well that was a very sharp retrace. Secure stop taking out 0.69200 banking 73.8 pips. I was not expecting such a reversal. At least not to that degree in one day. Oh well, 74 pips is fine. Not sure what is going to happen not. Wait and see this week for some analysis. - Ric {image}
Hey All,

I do not have any long term predictions. I do see a chance to scalp up to 50 pips on either a retrace up or a small push back down. Wait and see.

- Ric
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Be humble or get humbled
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