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AUD/USD

  • #106,261
  • Jun 1, 2020 1:45pm Jun 1, 2020 1:45pm
Quoting Akhaldanos
{quote} AUDUSD is pressing up the resistance with building up compression - it will burst up like a champagne cork
good call...!
  • #106,262
  • Jun 2, 2020 4:11am Jun 2, 2020 4:11am
Now, here @0.6840 I'm starting to scale out of my longs and perhaps little by little scale in some shorts.
I don't trade anymore. I just gratefully accept what Market has to offer
Akhaldanos FX1 Return This Month: na
  • #106,263
  • Edited 4:47am Jun 2, 2020 4:36am | Edited 4:47am
Quoting Akhaldanos
Now, here @0.6840 I'm starting to scale out of my longs and perhaps little by little scale in some shorts.
Any basis for your analysis or just PA feeling?

Was expecting some slow down action or something in this zone, after the 0.7 peak in january. But it is not really coming after last week, instead we just push very strong with lots of buyers into this. Hence I dont se TA really having so much into this on larger timeframe right now...

While the AUD for the last month was running after SP500 these days the dollar dump is also affecting it alot. Regarding DXY index it appears that we are heading for a ichimoko cumo cloud breakout on the weekly chart. If this comes in, we will have som more slump here. A bump upp right now, i dont see it comming..

It is the same for AU, it is making a push now for the weekly cloud, with what appears to be no resistance.. The cloud is there at 6850 about so I do understand your view a little...
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  • #106,264
  • Jun 2, 2020 4:53am Jun 2, 2020 4:53am
I thought Trump wants a strong USD. Now look at this...
  • #106,265
  • Jun 2, 2020 5:06am Jun 2, 2020 5:06am
Quoting renkotop
I thought Trump wants a strong USD. Now look at this...
it gets more interesting looking at AUD VS CNY, we see that now AUD is getting above the december peak. Now i have no clue, but i wonder how that affects AUD trade balance with china if it goes upp more.. offcourse one needs to look also in a more long term picture, then the AUD is still very cheap
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  • #106,266
  • Jun 2, 2020 5:21am Jun 2, 2020 5:21am
0.6884. It's a trend line on daily. Waiting sidelines. My short from @0.6740 was closed with -20 pips loss during big bull pull back. Waiting to enter shorts from 0.6884. I think this might probably the high of the week.

Lets see
  • #106,267
  • Jun 2, 2020 5:24am Jun 2, 2020 5:24am
Quoting Traderview
0.6884. It's a trend line on daily. Waiting sidelines. My short from @0.6740 was closed with -20 pips loss during big bull pull back. Waiting to enter shorts from 0.6884. I think this might probably the high of the week. Lets see
yeah, we are on weekly trend lins with ichimoku now on all pairs almost. if it breaks or not we will have to wait :-)
  • #106,268
  • Jun 2, 2020 5:41am Jun 2, 2020 5:41am
... then there is the thing with the SP500 and what it is doing.. I really "like" the behaviour of the mini futures of sp500 last weeks. If one checks this out we will see a "pattern" that we have buying into the end of the NY session, but overnight we are selling the ES1! futures. When we approach the European markets in the morning we are buying back... This seems like a pretty good way of making money at... maybe time to learn some futures trading..

Joking aside, this is also making AU having some bumpy patterns upp all time now...
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  • #106,269
  • Jun 2, 2020 6:35am Jun 2, 2020 6:35am
Quoting krst8
{quote} Any basis for your analysis or just PA feeling?
Mostly the internal structure of the swings on different time frames - H4 to M15. Now a short term top might be forming, which I'll trade for a pullback down until Thursday-Friday when I'll go long again for a retest of whatever high price is reached today, with possible continuation even higher (or failure). Then short again next Tuesday (+/-) for a bigger reversal down. Unless in the meantime the internal structure suggest something else. I don't care much about 'why'.
I don't trade anymore. I just gratefully accept what Market has to offer
Akhaldanos FX1 Return This Month: na
  • #106,270
  • Jun 2, 2020 7:26am Jun 2, 2020 7:26am
Quoting krst8
{quote} yeah, we are on weekly trend lins with ichimoku now on all pairs almost. if it breaks or not we will have to wait :-)
Daily close below 6845 or better 6822, then bulls are done.
  • #106,271
  • Jun 2, 2020 9:12am Jun 2, 2020 9:12am
Quoting Traderview
{quote} Daily close below 6845 or better 6822, then bulls are done.
I have been waiting for this reversal now for a few weeks and blown my account on this unfortunately...dont see any reasons for a reversal anymore... should have traded the chart only! But again this movements today and yesterday, massive!
  • #106,272
  • Jun 2, 2020 9:22am Jun 2, 2020 9:22am
I'm staggered by the velocity of the move
  • #106,273
  • Jun 2, 2020 9:26am Jun 2, 2020 9:26am
Quoting phynicle
I'm staggered by the velocity of the move
based on cot from last week there was no indication of this. Aud jpy that i also trade has went havoc even more... I know there were talk in january of a long term buying of AU at around 0.67-0,68 for an uppward trust, that game maybe back on :-)
  • #106,274
  • Jun 2, 2020 9:36am Jun 2, 2020 9:36am
Quoting krst8
{quote} based on cot from last week there was no indication of this. Aud jpy that i also trade has went havoc even more... I know there were talk in january of a long term buying of AU at around 0.67-0,68 for an uppward trust, that game maybe back on :-)
yes .. maybe but i am building short for audjpy.... i trade with chart.... it crosses weekly solid resistance... at 74.500-600.. there will be a pullback.... targetting tp: 74.000
Extreme gut feeling trader
  • #106,275
  • Jun 2, 2020 9:46am Jun 2, 2020 9:46am
If we rely on COT reports or correlation data, we are bound to be negatively surprised some of the times.

KP

Quoting krst8
{quote} based on cot from last week there was no indication of this. Aud jpy that i also trade has went havoc even more... I know there were talk in january of a long term buying of AU at around 0.67-0,68 for an uppward trust, that game maybe back on :-)
Do your homework, follow the footprints of smart money
  • #106,276
  • Jun 2, 2020 9:49am Jun 2, 2020 9:49am
Quoting krst8
{quote} I have been waiting for this reversal now for a few weeks and blown my account on this unfortunately...dont see any reasons for a reversal anymore... should have traded the chart only! But again this movements today and yesterday, massive!
The price fall will come, he is already knocking on the door
the highest point comes before the fall
  • #106,277
  • Jun 2, 2020 10:01am Jun 2, 2020 10:01am
SHORT @0.6890

AU you better get a worst GDP number tomorrow.
  • #106,278
  • Jun 2, 2020 10:23am Jun 2, 2020 10:23am
Hi,

If anyone having a working strategy to trade AUDUSD !
CharitH
  • #106,279
  • Jun 2, 2020 10:34am Jun 2, 2020 10:34am
You should be clear what kind of trader you are or want to be. For example, scalpers use different strategies/systems from swing traders. Besides, indicator-based strategies differ from structure-based price action trading. And they both work, if you know what you are doing.

KP

Quoting charith24
Hi, If anyone having a working strategy to trade AUDUSD !
Do your homework, follow the footprints of smart money
  • #106,280
  • Jun 2, 2020 10:43am Jun 2, 2020 10:43am
Quoting KeenPips
You should be clear what kind of trader you are or want to be. For example, scalpers use different strategies/systems from swing traders. Besides, indicator-based strategies differ from structure-based price action trading. And they both work, if you know what you are doing. KP {quote}
i agree with keenpips..


system and time you have available. I have myself a short term daytrade system but it takes alot of time as I scalp. So then offcours is what you have aims and have time available!
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