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AUD/USD

  • #106,101
  • May 19, 2020 1:32pm May 19, 2020 1:32pm
Going up like no tomorrow. Whats going on :-(
  • #106,102
  • May 19, 2020 1:41pm May 19, 2020 1:41pm
Quoting Hetal.Mehta
Going up like no tomorrow. Whats going on :-(
The USD is in trouble across the board, that's why

Quoting Akhaldanos
{quote} The USD is in trouble across the board, that's why
Expect a big trend upward in the coming asian session...
I don't trade anymore. I just gratefully accept what Market has to offer
Akhaldanos FX1 Return This Month: na
  • #106,103
  • May 19, 2020 2:25pm May 19, 2020 2:25pm
Quoting Hetal.Mehta
Going up like no tomorrow. Whats going on :-(
It's looking more and more like a last attempt to take stops out before a descent.
Learn from your mistakes and march on.
  • #106,104
  • May 19, 2020 2:49pm May 19, 2020 2:49pm
Quoting here2there
{quote} It's looking more and more like a last attempt to take stops out before a descent.
Yeah... looks like it is coming down now. Made a mistake and screwed up a trade by going short at 6507... but I am not too far now.
  • #106,105
  • May 19, 2020 2:52pm May 19, 2020 2:52pm
Quoting Hetal.Mehta
{quote} Yeah... looks like it is coming down now. Made a mistake and screwed up a trade by going short at 6507... but I am not too far now.
Don't feel bad. It happens to all of us.
Learn from your mistakes and march on.
  • #106,106
  • May 19, 2020 2:57pm May 19, 2020 2:57pm
Quoting here2there
{quote} Don't feel bad. It happens to all of us.
Yeah... read your thread on trading steps. It was a good reminder to keep my tush in the seat till I get my desired setting on charts. Nice thread by the way.
  • #106,107
  • May 19, 2020 3:14pm May 19, 2020 3:14pm
SR test for myself, out 50%
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  • #106,108
  • May 19, 2020 3:53pm May 19, 2020 3:53pm
Any good thinking after this action tonight? The market was very bullish this week, will this drop just be another dip to buy into dor the market?
  • #106,109
  • May 19, 2020 4:09pm May 19, 2020 4:09pm
Quoting krst8
Any good thinking after this action tonight? The market was very bullish this week, will this drop just be another dip to buy into dor the market?
Well that is hard to say. But if I look at the 4 hour chart, there is a doji at around 6560 followed by the big red candle. Technically that would be trend reversal. But again I am already in short so maybe I am blinded and seeing what I want to see. Asian sessions might give us more insight.
  • #106,110
  • May 19, 2020 4:28pm May 19, 2020 4:28pm
Quoting Hetal.Mehta
{quote} Well that is hard to say. But if I look at the 4 hour chart, there is a doji at around 6560 followed by the big red candle. Technically that would be trend reversal. But again I am already in short so maybe I am blinded and seeing what I want to see. Asian sessions might give us more insight.
yeah me to short but way below this price, thinking of cutting the loss here maybe...

Yeah it should be “hard” for proce to cross up above the doji for now, but maybe tonight another company will tweet for magic corona vaccine...

still waiting for the retest at the daily average, 6150 but been thinking this for 3 weeks now and it appears most unlikely...

lets see what happens tonight. The fall upon the Moderna news is “scary”... even if there were a vaccine it would not be available for months and months to come, hence the reaction of this news is completely disproportionately. I even think an vaccine could lead to more problems. If they found a vaccine, would it then be morally correct to not force all people to stay at home, when one know for 100% that they could be saved... right now there is no cure so yes people are asked to work anyhow, which makes sense (we still drink, smoke and die in car accidents every year that all could be omitted of the state wanted).
  • #106,111
  • May 19, 2020 4:46pm May 19, 2020 4:46pm
Quoting krst8
{quote} yeah me to short but way below this price, thinking of cutting the loss here maybe... Yeah it should be “hard” for proce to cross up above the doji for now, but maybe tonight another company will tweet for magic corona vaccine... still waiting for the retest at the daily average, 6150 but been thinking this for 3 weeks now and it appears most unlikely... lets see what happens tonight. The fall upon the Moderna news is “scary”... even if there were a vaccine it would not be available for months and months to come, hence the reaction of this...
https://www.forexfactory.com/news/10...-data-critical

The vaccine news seems like a "fake news". I find it hard to believe that it is just a coincidence that news came out same time fed chairman was speaking. But what do I know?
S&P and other US markets are manipulated. I am not sure how long they can keep doing this... it has to crash at some point.

As far as AUD is concerned I am still bearish. It looks like the sentiment in general is bearish, if data from FF and fxstreet were to be believed. But we will see what happens next.
  • #106,112
  • Edited 5:41pm May 19, 2020 5:27pm | Edited 5:41pm
range mode was initiated $$ : gold zone identified, bets on!

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if i put my incredibly biased dreamer glasses on this is what i see in aussies future. it's a new fib projection tool, top secret, but yours for the small sum of $1,000 a month.

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grist for the mill
  • #106,113
  • May 19, 2020 5:34pm May 19, 2020 5:34pm
Quoting JackJones
range mode initiated : gold zone identified {image} if i put my incrtedibily biased dreamer glasses on this is what i see in aussies future. i'ts a new fib projection tool, top secret {image}
Break failed and I think the macro news is not going to be good for the AUD for some time. Don't see the world Macro being good for some time. The markets are pricing in perfection with a very high probability of prolonged recession for some time.
  • #106,114
  • May 19, 2020 5:37pm May 19, 2020 5:37pm
Quoting enarco
{quote} Break failed and I think the macro news is not going to be good for the AUD for some time. Don't see the world Macro being good for some time. The markets are pricing in perfection with a very high probability of prolonged recession for some time.
billions more impoverished people, a generation of children enslaved by government debts, new record highs in unemployment the WORLD over.. the list goes on and on... i know rite?

what we need is an ECONOMIC VACCINE!! first person to invent it will be RICH!
grist for the mill
  • #106,115
  • May 19, 2020 6:29pm May 19, 2020 6:29pm
China calls aus politically improper and unkind to chinese and aus news has a headline "China will do us slowly"
grist for the mill
  • #106,116
  • May 19, 2020 6:31pm May 19, 2020 6:31pm
Quoting JackJones
China calls aus politically improper and unkind to chinese and aus news has a headline "China will do us slowly"
is it due to the WHO-investigation or?
  • #106,117
  • Edited 10:16pm May 19, 2020 8:12pm | Edited 10:16pm
Quoting krst8
{quote} is it due to the WHO-investigation or?
political grand-standing, covids lost the front page so theyve got to drum up some drama. chinas claiming aus is dumping product on them when that's all they have been doing to to aus for the past twenty years with with their subsidized low wage manufactured goods, they killed this countries manufacturing and now they are under threat from india and others.. the hypocrisy if international trade, i guess.

not sure what that has to do with forex, maybe the threat of China "doing aus slowly" as they could starve us out for a bit, but if they bite the mining side there are international corps digging that stuff up and that wont go down well for China, who knows, maybe aus should try sell stuff to someone else for a change, india and indo are there but thats not easy, so it's hard to change when you learn to rely on your golden duck.
grist for the mill
  • #106,118
  • May 20, 2020 3:34am May 20, 2020 3:34am
No clear path forward from here at daily pivot. SP500 features are again rising this morning i believe giving the pair some support.

keeping still short in this situation.
  • #106,119
  • May 20, 2020 5:10am May 20, 2020 5:10am
retail Sales -17% and AUD is going to North...

Why is that? I do NOT understand this...
  • #106,120
  • May 20, 2020 5:27am May 20, 2020 5:27am
Quoting renkotop
retail Sales -17% and AUD is going to North... Why is that? I do NOT understand this...
It appears again like another day where aud blindly follows SP500. The SP500 futures are up about 1.2 for today, yesterday Moderna fall is now taken out. So we are back same as yesterday... If USA stocks up AUD will just keep going along i assume..
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