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AUD/USD

  • #106,141
  • May 21, 2020 6:54am May 21, 2020 6:54am
the week in context - since the close it has NOT STOPPED, BECAUSE AUD IS UNSTOPPABLE kekek

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i think it wants to fill in the gap to 6670 because that'd be a nice distro
grist for the mill
  • #106,142
  • May 21, 2020 9:37am May 21, 2020 9:37am
Waiting for 1-2-3
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  • #106,143
  • May 21, 2020 11:04am May 21, 2020 11:04am
Short
  • #106,144
  • May 21, 2020 11:38am May 21, 2020 11:38am
Quoting krst8
{quote} we will see, but i am more thinking that fed will by stocks to kick up the us markets If any chance of more down and that this will follow along. Again the spx futures are increasing this mid London seasion and AUD just rides along... but for sure one wants this to fall deep deep down hehe :-)
I'd rather do analysis based on the fx itself than comparing with indices. To enter or not, one just follow the basics of fx. Correlation works very well only with other significant currencies. Because that would tell me where and how to enter the market.
  • #106,145
  • May 21, 2020 12:41pm May 21, 2020 12:41pm
Quoting Traderview
{quote} I'd rather do analysis based on the fx itself than comparing with indices. To enter or not, one just follow the basics of fx. Correlation works very well only with other significant currencies. Because that would tell me where and how to enter the market.
Thanks for the answer but how do you mean that? Your experience is that correlation only is valid to work with other fx or you say it is not possible to find an edge? What do you mean is the difference, for example to spx?
  • #106,146
  • May 21, 2020 3:45pm May 21, 2020 3:45pm
waiting for this 3 day trend line to break but it is still holding. SPX futures going down but still dont want to break it this time... lets see if the pattern will repeat with a break down during mid asian session..
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  • #106,147
  • May 21, 2020 5:46pm May 21, 2020 5:46pm
Strong support at 6560. If that breaks 6490 is a possibility. I wouldn't mind 100 pips drop ;-)
  • #106,148
  • May 21, 2020 9:16pm May 21, 2020 9:16pm
asia busting up the party scalpy scalp nom nom
grist for the mill
  • #106,149
  • May 22, 2020 1:05am May 22, 2020 1:05am
Quoting Vincent1
Waiting for 1-2-3 {image}
Pattern confirmed
Triggered during the night
Now possible retracment at 0.6570 or 0.6590, so there a chance for one more entry
After retracment time to move the stop loss

First target 0.6430
Maybe also 0.6300
Time will tell
Anyway, we go south
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  • #106,150
  • May 22, 2020 1:34am May 22, 2020 1:34am
A daily close below 0.6510 is the key. It's a strong support.
  • #106,151
  • May 22, 2020 3:23am May 22, 2020 3:23am
#AUDUSD / H4
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  • #106,152
  • May 22, 2020 7:31am May 22, 2020 7:31am
Still short here, tempted again to cut the drawdown on this crap short I made but lets be stubborn!

i see little hope now for a few hours, sp500 futures moved more than 1% to the uppsise but AUD did not follow along... waiting NY session..
  • #106,153
  • May 22, 2020 8:19am May 22, 2020 8:19am
Quoting Traderview
A daily close below 0.6510 is the key. It's a strong support.
your analysis is there, the bulls are trying strongly to protect this level today
  • #106,154
  • May 22, 2020 8:19am May 22, 2020 8:19am
Quoting krst8
Still short here, tempted again to cut the drawdown on this crap short I made but lets be stubborn! i see little hope now for a few hours, sp500 futures moved more than 1% to the uppsise but AUD did not follow along... waiting NY session..
they'll throw some money round like mad irishmen, watch your fingers

all my aussie trades closed out today and didn't have to try, twas an ok week
grist for the mill
  • #106,155
  • May 22, 2020 8:32am May 22, 2020 8:32am
Quoting krst8
{quote} your analysis is there, the bulls are trying strongly to protect this level today
Yeah. I know. It'll a big push at least 15 pips.

But there is also possibility it'll revisit 0.6550. We should be careful.
  • #106,156
  • May 22, 2020 1:56pm May 22, 2020 1:56pm
Quoting Traderview
{quote} Yeah. I know. It'll a big push at least 15 pips. But there is also possibility it'll revisit 0.6550. We should be careful.
good anticipated... Dow has had a quite day also... i am keeping my shorts into next week...
  • #106,157
  • May 23, 2020 2:10am May 23, 2020 2:10am
Quoting krst8
Still short here, tempted again to cut the drawdown on this crap short I made but lets be stubborn! i see little hope now for a few hours, sp500 futures moved more than 1% to the uppsise but AUD did not follow along... waiting NY session..
Your Wave analysis is very good. Thank you.
  • #106,158
  • May 23, 2020 11:34am May 23, 2020 11:34am
Quoting krst8
{quote} good anticipated... Dow has had a quite day also... i am keeping my shorts into next week...
If it breaches above 0.6541, then close it and take profit. It already closed @0.6535.
It'll trade between 0.6542 - 0.6562 - 0.6583 and then heading downwards to 0.6475.

imo, monthly will settle around 0.64
  • #106,159
  • May 23, 2020 3:24pm May 23, 2020 3:24pm
Quoting Traderview
{quote} If it breaches above 0.6541, then close it and take profit. It already closed @0.6535. It'll trade between 0.6542 - 0.6562 - 0.6583 and then heading downwards to 0.6475. imo, monthly will settle around 0.64
yeah was thinking yesterday to close around 6510 for sure but manage to “sit on my hands”. I typically never swing trade so trying to make a try here.

was checking this weeks cot report. It gives no clear prediction to me for AUD. However the picture for futures sp500 shows that the big players are just slowly building shorts, I think they will turn that market around soon
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  • #106,160
  • Edited May 24, 2020 3:33am May 23, 2020 7:44pm | Edited May 24, 2020 3:33am
will look to sell 6570 if it pushes north next week, lots of trapped traders and liquidity up there

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st weight is above current price longterm its still below
grist for the mill
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