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EUR/AUD

  • #621
  • Jan 29, 2013 9:06pm Jan 29, 2013 9:06pm
Dropped a short 1.29302
Hopefully this fib plays out.
the EurUsd has all the bullish hipe so I think it's causing a pause, and I usually expect these to move quickly to the 50% retracement. Too slow and I might just take profit.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD FibExtend Jan. 29 18.10.jpg Size: 166 KB
Living the currency lifestyle! ... so I need more sleep.
  • #622
  • Jan 31, 2013 10:03am Jan 31, 2013 10:03am
eur aud

pattern ; butterfly
Attached Image (click to enlarge)
Click to Enlarge Name: EUR CAD.jpg Size: 70 KB
  • #623
  • Feb 4, 2013 1:04am Feb 4, 2013 1:04am
http://content.screencast.com/users/...02-04_0203.png

Confluence

The below are key figures that were determined from multiple layers of indicators at a price point. Bids are support, while offers are resistance:

1.3250 - (Offers) WR1, DR2, MR1
1.34 - (Offers) WR2, MM5
1.3530 - (Offers) Mr2, WM6
1.3060 - (Bids) WPV, MS1
1.2930 - (Bids) DS2, WS1, D9EMA

Strength

All of the below are measured in respect to the 1H9EMA:

DPV - Below
WPV - Above
MPV - Above
Daily 9EMA - Above
Daily 4H 9EMA - Above

4/5 Bullish

Forecast

Bias: Long
Trade: Long

Special note: We are suggesting a market entry order right now at 1.3060.

We believe market sentiment has shifted to the extreme, and although a lot of data points to retail traders pinning the top here, we think it's the market makers who will come out on top. Positioning long the euro, in any cross, should be used with full size. We will add more details on how to size correctly at a later date.

Please read our execution rules & risk disclaimer.

#FXFUSE
  • #624
  • Feb 4, 2013 1:20am Feb 4, 2013 1:20am
Quoting 100PipsADay
Yep! Stopped me out for another loss...

LOL


Head and Shoulders on the Weekly so EUR/AUD should head up to 1.40 or so according to pattern. I was right with my initial bullish bias but got in a little early. Then I thought TL was broken only for price to shoot right back up before daily close which ended up closing out shorts for a loss.

Oh well, will sit this out for a little longer and will keep an eye on price action before jumping back in. EUR has been extremely bullish when looking at all majors as well as cross pairs....
Ok, 1.30 Weekly Resistance was broken and confirmed last week. I still see 1.40 in the cards in the coming weeks so I got in a few long positions earlier when H1 was showing "over sold" using Williams %.

Got Long @ 1.3096, 1.3097, 1.3079

Targeting 320 pips per trade and will look to scale in once these positions are in profit by 100+pips AND H1 shows "over sold" using Williams % again. Will post when I scale in more positions.

**I'm not counting on it but tomorrow could be a bearish day for AUD especially if there was a surprise rate cut. I actually think there is a good chance that RBA cuts rate one more time by .25. That could be a nice catalyst for a triple digit move up in EUR/AUD tomorrow!
  • #625
  • Feb 4, 2013 3:17am Feb 4, 2013 3:17am
Update: Euro crosses are pulling back, but this is expected. With the RBA event coming up this week, we are placing a buy stop at 1.3110 in tandem with this EURAUD forecast, in the event we get stopped out. The stop on this buy stop will be 1.3015 and the offer levels will remain. In the event our first offer zone is triggered without this trade getting stopped out, the buy stop will be considered cancelled.

#FXFUSE


Quoting FXFUSE
http://content.screencast.com/users/...02-04_0203.png

Confluence

The below are key figures that were determined from multiple layers of indicators at a price point. Bids are support, while offers are resistance:

1.3250 - (Offers) WR1, DR2, MR1
1.34 - (Offers) WR2, MM5
1.3530 - (Offers) Mr2, WM6
1.3060 - (Bids) WPV, MS1
1.2930 - (Bids) DS2, WS1, D9EMA

Strength

All of the below are measured in respect to the 1H9EMA:

DPV - Below
WPV - Above
MPV - Above
Daily...
  • #626
  • Edited 6:46am Feb 4, 2013 6:10am | Edited 6:46am
*Weekly Descending TL Broken & Confirmed

*Major Weekly Resistance @ 1.300 Broken & Confirmed

*Weekly Inverted Head & Shoulders Pattern - Target 1.40


Price just retraced back down to previous resistance turned support at 1.300. According to weekly chart patterns, trend lines, and support resistance EUR/AUD has another 900 - 1000 pips to the upside.

Time Frame: Average of 270 pips for the past 5 weeks so price should reach 1.40 within the next 4-5 weeks (rough estimate)

Averaged in one more Long position @ 1.3007

4 Open Long Positions:

1.3096, 1.3097, 1.3079, 1.3007
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD - Weekly (2-4).jpg Size: 169 KB
  • #627
  • Feb 4, 2013 9:45pm Feb 4, 2013 9:45pm
I'm liking the Price Action now after that healthy pullback / correction!

H4 formed a Hammer which should help put EUR/AUD back into its bullish trend.

Scaled in one more long position @ 1.2952.

5 Open Long Positions:

1.3096, 1.3097, 1.3079, 1.3007, 1.2952


Time to sit back and wait...
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD - H4 (2-4).jpg Size: 136 KB
  • #628
  • Feb 4, 2013 9:49pm Feb 4, 2013 9:49pm
aus rba kept rates steady helps keep a lid on this pair for now
  • #629
  • Feb 4, 2013 9:52pm Feb 4, 2013 9:52pm
I think this pair can't go up so easily. It would be better to buy near 1.28/27.
When Scalpers win, I lose and Vice varsa...
  • #630
  • Feb 4, 2013 10:05pm Feb 4, 2013 10:05pm
Quoting Goldflake
I think this pair can't go up so easily. It would be better to buy near 1.28/27.
What is significant about 1.28 / 1.27?

If we had seen more downward movement today I could see 1.285 (20 EMA on Daily) in the cards but after the last 30 minutes PA that is not going to happen anytime soon.

Just had a quick 90 pip move up, probably will consolidate a little before resuming back up.

Anyways, looking forward to hear why you think 1.28 / 1.27 is significant. Thanks!
  • #631
  • Feb 4, 2013 10:26pm Feb 4, 2013 10:26pm
Quoting Halba
aus rba kept rates steady helps keep a lid on this pair for now
I would have to say that the lid has already been blown off of this pair!

*6 months of bullish activity from a monthly perspective

*Weekly Descending TL Broken & Confirmed

*Major Weekly Resistance @ 1.300 Broken & Confirmed

*Weekly Inverted Head & Shoulders Pattern - Target 1.40
  • #632
  • Feb 5, 2013 1:28am Feb 5, 2013 1:28am
Do You consider bad scenario? When is Your stop if you have any?
  • #633
  • Edited 5:56am Feb 5, 2013 1:38am | Edited 5:56am
Quoting zhirgal
Do You consider bad scenario? When is Your stop if you have any?
I use a 260 pip stop SL and a 320 pip TP.

Since September 4, 2011 my EUR/AUD trades have a 75.81% win rate and a total of 11,110 pips. Profit Factor is 4.81. Statistics are only for EUR/AUD.

I am pretty confident about these long positions I currently have open, however, this is the FOREX market and anything is possible!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD_-_Accumulated_Pips.png Size: 44 KB
Click to Enlarge Name: EURAUD_-_Statistics.png Size: 47 KB
  • #634
  • Feb 5, 2013 5:57am Feb 5, 2013 5:57am
EUR/AUD - Trade Results

September 2011 - Present
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD_-_Trade_Results_(1).png Size: 112 KB
Click to Enlarge Name: EURAUD_-_Trade_Results_(2).png Size: 112 KB
Click to Enlarge Name: EURAUD_-_Trade_Results_(3).png Size: 109 KB
Click to Enlarge Name: EURAUD_-_Trade_Results_(4).png Size: 101 KB
  • #635
  • Feb 5, 2013 6:19am Feb 5, 2013 6:19am
Amazing trading!
  • #636
  • Feb 5, 2013 6:24am Feb 5, 2013 6:24am
Quoting Sunnybeach
Amazing trading!
Thank you SunnyBeach! I will start tracking all of my open positions in this thread for anybody to follow. Also, I'll be linking a demo account to my Trade Explorer which will mirror my live trades as best as possible.
  • #637
  • Feb 5, 2013 6:49am Feb 5, 2013 6:49am
Quoting 100PipsADay
Thank you SunnyBeach! I will start tracking all of my open positions in this thread for anybody to follow. Also, I'll be linking a demo account to my Trade Explorer which will mirror my live trades as best as possible.
Thank you!
I am going to follow your idea but not orders.
  • #638
  • Feb 5, 2013 7:04am Feb 5, 2013 7:04am
D1 MACD - Bullish

H1 Williams % - Scale in more buy positions once "over sold" on H1 time frame.


**Waiting for EUR/AUD to make new highs on the Daily chart and then retrace before scaling in more long positions. I have a few long positions opened already, half of them are in profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD_-_D1_(2-5).jpg Size: 142 KB
Click to Enlarge Name: EURAUD_-_H1_(2-5).jpg Size: 130 KB
  • #639
  • Edited 9:18pm Feb 5, 2013 7:15pm | Edited 9:18pm
Current Progress

7 Open Long Positions:

1.3096, 1.3097, 1.3079, 1.3007, 1.2952, 1.2980, 1.2994
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_-_Open_Positions_(2-5).png Size: 116 KB
  • #640
  • Feb 5, 2013 7:17pm Feb 5, 2013 7:17pm
Once 1.320 is broken and confirmed with a daily close above I will be looking to scale in more buy positions once Williams % indicator shows "over sold" on the H1 time frame.
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