Only GANN said at 91% right, that we will have such price at such time. Maybe my calculation is wrong, maybe true, maybe (between) market will give other indications. After all, parity is far only 750 pips, which could be done according to a new tools that i had around the end of august. According to my calculations, Aussie has no more energy to make more significant higher in the next days. It needs a big breath to do so, and a big breath needs not a range but a good retrace. We will see.
I believe only my charts and no trade the fundamentals....
Now typically, for a guy that trades the M1/5ive charts (namely me), looking at anything above a daily trend is pretty much worthless. If you are in like a lamb out like a lion and tripping with the trends, direction of the overall really doesn't matter...
However....
As an MTF'er, I will always maintain that all time frames trade the same, only the range that changes, and as a S/R trader know that a rejection @ resistance means a test of support and the vice versa...So, if one was to expand my limited range or tradeable time frame of choice,...
Any chance you have same chart for NzdUsd ?
Thank you magix for your insight and explanation
Thank you magix for your insight and explanation
How's bout a weekly on NZDUSD...
I don't trade this pair, in fact and by your request, probably the first time I have even opened the chart...
Here is what I see..
There is a pretty well defined Lower Trend Line shown by when volume spikes into the markets for buying as well as what we have seen as a Upper Trend Line that has just been busted threw...
There is no Doubt that the NZD is kicking some serious ass here, but what makes me wonder is why it is happening during the summer session...New historical highs?
Aight, so let's approach it...
,and ty for your opinion.
accordind to oanda,it was in 1996 that nzd was 85-or 86,so no not a historical highs yet but interesting pair none the less
accordind to oanda,it was in 1996 that nzd was 85-or 86,so no not a historical highs yet but interesting pair none the less
Are you gambling or trying to learn how to trade forex?
Maybe this maybe that, I know, but what makes you so sure that your GANN has any technical value, or that it can withstand unexpected fundamental changes?
It's your money mate, you do whatever you think is the right thing to do with it.
Good luck!
Would you mind sharing your calculations so we can all see what you're talking about?
From which sentence do you see i am gambling? Because i said that it could go to parity which is against your analyze? I said it could, i repeat, it couuuuuld. Why it could? Because Nothing is sure in trading, THIS IS MY POLICY. I put it in majority of my posts and charts. When my overview is giving me this, it helps me to avoid personal judgment. Follow the rules "my GANN" said. I made my calculations, re-analyze, it gave me a result, i check it with other tools, and after i take a trade. Nothing is sure in trading does not mean trades...
AUD/USD @1.0720
Australian PM has set the scene for the fight of her life by introducing a CO2 Tax on 500 top emitters.
What she has effectively done has put a knife into the heart of Australia's biggest export earner and with the CO2 tax to go up even further she will suffocate it.
On top of this China has slowed with the evidence of lower imports but inflation is running high.
So does this all add up to a weaker Australian dollar?
Definitely and any foreign investor looking to park money in this country should be wary of this new...
Goddam stupidest thing any government has ever tried to do. Pure insanity. Pure cash grab so they can try to save their asses by saying "Look were still in surplus!" As if. God help us...
Are you crying into your coffee this morning too mate?
They let the lunatics out of the asylum.
Its another cock up by Gillard and now we have those communist Greens starting to turn us into Zimbabwe.
Think though there will be a public and investor backlash.
Australians are so laidback its time for them to bring back the biff on this one.
