AUD/USD | Page 3115 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #62,281
  • Aug 14, 2013 5:04pm Aug 14, 2013 5:04pm
Quoting seaman2
I am long term bull in aud. Most profits for me come from AUD related pairs. in my opinion QE-ing is not over. So will see commodities resurrected. Also do not forget that au banks, that control government, as seen from support they got due to GFC, have license to print money. When someone takes loan, they just increase your account balance. There is no real cash to cover this. So, as borrower pays back capital & interest this is 100 profit for the bank!!! Higher interest higher profit. So, sharp eye can see incentive for banks for HIGH interest...
But the funny thing with that is, with all the QE from the Fed, well over four years worth, Japan, and a little Europe and China, why isn't gold $2,500 an ounce?

Inflation, as of now, is still seen as not an issue and controlled.
When the facts change I change my mind, what do you do sir
  • #62,282
  • Aug 14, 2013 7:29pm Aug 14, 2013 7:29pm
Quoting Pip Anon
{quote} But the funny thing with that is, with all the QE from the Fed, well over four years worth, Japan, and a little Europe and China, why isn't gold $2,500 an ounce? Inflation, as of now, is still seen as not an issue and controlled.
Gold isn't $2,500 an ounce because of price manipulation by big banks. There has been no drop off in demand for physical gold and this isn't a case of oversupply. I think the bottom is set on gold and am looking for a break of 1340 to ride a wave up to 1400 level.
  • #62,283
  • Aug 14, 2013 7:35pm Aug 14, 2013 7:35pm
Quoting edindzeko
{quote} Gold isn't $2,500 an ounce because of price manipulation by big banks. There has been no drop off in demand for physical gold and this isn't a case of oversupply. I think the bottom is set on gold and am looking for a break of 1340 to ride a wave up to 1400 level.
Well, than if it is manipulated how would you formulate a bottom?
When the facts change I change my mind, what do you do sir
  • #62,284
  • Aug 14, 2013 8:03pm Aug 14, 2013 8:03pm
Quoting Pip Anon
{quote} Well, than if it is manipulated how would you formulate a bottom?
How would I personally formulate a bottom?

My honest opinion is the big players drove price way down, scooped up all they could and have now very quietly starting flipping to big long positions.
  • #62,285
  • Aug 14, 2013 8:14pm Aug 14, 2013 8:14pm
Quoting edindzeko
{quote} How would I personally formulate a bottom? My honest opinion is the big players drove price way down, scooped up all they could and have now very quietly starting flipping to big long positions.
you are slowly getting it.

anyways, targeting .925 in the near term.

Cheers.
Trade what you see, not what you think!
  • #62,286
  • Aug 14, 2013 8:14pm Aug 14, 2013 8:14pm
we have a cup with handle and inverse H&S forming..
waiting for neckline to break.. waiting.. waiting.. waiting..
  • #62,287
  • Aug 14, 2013 9:18pm Aug 14, 2013 9:18pm
Quoting HelloOz
we have a cup with handle and inverse H&S forming.. waiting for neckline to break.. waiting.. waiting.. waiting..
Its beasting at the moment lol
When the facts change I change my mind, what do you do sir
  • #62,288
  • Aug 14, 2013 9:23pm Aug 14, 2013 9:23pm
Quoting 5percent
{quote} My reason -> {image}
we arrived .

So many resistance turns support opportunities before arriving here from 0.9115-20 zone. R T S.

i think most traders are blinded by indicators into believing bear or bulls. in fact naked price action is all it takes.

trade only with the flow of trend.
  • #62,289
  • Aug 14, 2013 9:24pm Aug 14, 2013 9:24pm
If tomorrow US unemployment # is bad. We could see 0.93 by Friday.
  • #62,290
  • Aug 14, 2013 9:31pm Aug 14, 2013 9:31pm
Quoting 5percent
{quote} we arrived . So many resistance turns support opportunities before arriving here from 0.9115-20 zone. R T S. i think most traders are blinded by indicators into believing bear or bulls. trade only with the flow of trend.

havent seen you for a while..

anyway.. i think we can test 930-933.. we should be able to break and head towards 96-97..
will be interesting if we reach 96 within 4 weeks.. just before next FOMC meeting..
  • #62,291
  • Aug 14, 2013 9:35pm Aug 14, 2013 9:35pm
Quoting 5percent
{quote} we arrived . So many resistance turns support opportunities before arriving here from 0.9115-20 zone. R T S. i think most traders are blinded by indicators into believing bear or bulls. in fact naked price action is all it takes. trade only with the flow of trend.
I agree. Getting into a new book "naked forex" looks interesting. Too many indicators is always troublesome.
When the facts change I change my mind, what do you do sir
  • #62,292
  • Aug 14, 2013 9:35pm Aug 14, 2013 9:35pm
Quoting 5percent
{quote} we arrived . So many resistance turns support opportunities before arriving here from 0.9115-20 zone. R T S. i think most traders are blinded by indicators into believing bear or bulls. in fact naked price action is all it takes. trade only with the flow of trend.

so what now ? up or down cause I had short
  • #62,293
  • Aug 14, 2013 9:38pm Aug 14, 2013 9:38pm
Quoting alam88009
{quote} so what now ? up or down cause I had short
Trend is most likely shifting. Never really broke .91 on the way back. We maybe seeing stronger yen and commodities. Cleared all aussie shorts fresh books.

Thinking London will be pretty bullish on yen, and AUDUSD tracks it fairly well. Plus USD sinking quick
When the facts change I change my mind, what do you do sir
  • #62,294
  • Aug 14, 2013 9:39pm Aug 14, 2013 9:39pm
Quoting alam88009
{quote} so what now ? up or down cause I had short
i thought you went long yesterday???
  • #62,295
  • Edited 10:01pm Aug 14, 2013 9:42pm | Edited 10:01pm
Quoting HelloOz
{quote} havent seen you for a while.. anyway.. i think we can test 930-933.. we should be able to break and head towards 96-97.. will be interesting if we reach 96 within 4 weeks.. just before next FOMC meeting..
KISS.

don't let too many predictions come to you. what happen next sec/min/tmr we wont know. and can't assume as well.

If you believe that price may go to 96-> just use this buy stop 0.9325, stop 50 pips, trailing stops to BE after 50 pips in green, then slowly target.

Or, let price break 0.9325 and closed above, as 0.9317 area was the last time's spike and moved into 0.94-0.95, then make sure daily close have one above there, price might come back to 0.9295-9.315 by then, then load a resistance turns support long into 96 or 97.

i wont assume that current is bull or bear, i trade with the flow and get out, then look for new set up again. there can be a long opp at lower tf, and short opp at higher tf, wait for reaction at crucial levels.

Rem the last time before going under 0.9000 into 0.88 area, price have a S T R set up along resistance channel at 0.9300, so its thick there.

The only difference now is that as 50 SMA or MACD is coming near, there can be potential short covering, due to price not making lower lo, the trend may have exhausted and retracement is on its way. A test at 50 SMA on daily, closed above turn bullish as MACD or price have moved into positive territory, meanwhile wait for that test. Or price to close above 23.6 fibo from 1.06 into 0.88 find 23.6 and make sure price close above it.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.png Size: 17 KB
  • #62,296
  • Edited 10:10pm Aug 14, 2013 9:57pm | Edited 10:10pm
Quoting alam88009
{quote} so what now ? up or down cause I had short
i am not god, i don't know. if you have shorts from yesterday while it was under 0.9115-0.9072 range.

U must understand that stop loss must come in after pa closed above 0.9115, and time to go long.

If u have shorts from 0.9160-0.9115, you must understand that price if price closed above 0.9162, your short probability is reduced, potential R T S again at 0.9162-0.9145. if u haven't gone long, wait for a potential pullback and buy a higher hi or wait for the pull back to be tested completely, with a measurable risk that a pin bar etc comes in after pullback. but it price do closed under 0.9150. Hourly close above 0.9162 puts bull in control.

even if anyone sees a bearish candle, it doesn't meant selling until the last bull price action is killed back into former's range under 0.9160. Meanwhile, pa is above yesterday's hi, this put breakout or burst in control due to buy stop orders tripped. And sell positions which take stop loss is also a buy order! -> when you have a live sell, u get stop out, in fact u are looking for buyer at that price.

And those with shorts at 0.9160 under are only meaning you are in margin loss, but you are not a seller in 0.9182 nor 0.9175 if you don't have new positions, and that's how trend are formed.

we just entered a new range 0.9182-0.9115. Alike yesterday was 0.9115/0.9072 before any movements. bullish bias as long price is above 0.9162.

Further breakout above 0.9182, but have to see Europe sessions, as doubt asia may have more power to move unless by some rumor/news. Else liquidity else alot of squeeze until order flows of europe opening sending orders.

It will take some time to know what is the market, like 0.9115-0.9072 was really quite a no. of consolidated hours.

Now we just merely 1-2hours above yesterday's high, we won't know it its trending up or breakout or just move into a new range. .

sharing few more pic here and i am gone .

have fun and goodluck trading to all.


--->
Inserted Video
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Support turn resistance.png Size: 264 KB
Click to Enlarge Name: common target.png Size: 1,017 KB
Click to Enlarge Name: truth 1.png Size: 1.0 MB
Click to Enlarge Name: suppress emotions.png Size: 566 KB
  • #62,297
  • Aug 14, 2013 10:13pm Aug 14, 2013 10:13pm
Quoting 5percent
{quote} i am not god, i don't know. if you have shorts from yesterday while it was under 0.9115-0.9072 range. U must understand that stop loss must come in after pa closed above 0.9115, and time to go long. If u have shorts from 0.9160-0.9115, you must understand that price if price closed above 0.9162, your short probability is reduced, potential R T S again at 0.9162-0.9145. if u haven't gone long, wait for a potential pullback and buy a higher hi or wait for the pull back to be tested completely, with a measurable risk that a pin bar etc comes...
Anton knows his stuff. First seen him on milliondollar traders, i think it was called.
When the facts change I change my mind, what do you do sir
  • #62,298
  • Aug 14, 2013 10:30pm Aug 14, 2013 10:30pm
where the target if aud climb up ?
  • #62,299
  • Aug 14, 2013 10:44pm Aug 14, 2013 10:44pm
Quoting alam88009
where the target if aud climb up ?
What's your charts say?
When the facts change I change my mind, what do you do sir
  • #62,300
  • Aug 14, 2013 10:46pm Aug 14, 2013 10:46pm
Quoting alam88009
where the target if aud climb up ?
Daily chart if cross .92 can stay.. next target should be .935..
Else you will see .89 or even down..
31 traders viewing now