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AUD/USD

  • #68,481
  • Oct 24, 2013 10:04am Oct 24, 2013 10:04am
I think we're in the downtrend now,when seeing sell at the rally happening!So I will wait for a higher price to add more short!But anything can happen in the market!
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  • #68,482
  • Oct 24, 2013 10:04am Oct 24, 2013 10:04am
One thing I've noticed over the years is that aus/usd likes to move in straight lines when in a trend, I can see this hitting parity... Audnzd fundamentally should be trading around 1.20ish area. The RBA has also eased its dovish bias. Fundamentals drive price and technicals are a by product of price.
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  • #68,483
  • Oct 24, 2013 10:04am Oct 24, 2013 10:04am
Quoting Ken A
Still the best indicator. EUR is playing big role for AUD {image}
Eur is strong at the moment while AUD is undecided and affected by the China story.
However, 1.444 will be a key level to watch IMO.
The true fact is market doesn't care, risk mgt is important.
  • #68,484
  • Oct 24, 2013 10:08am Oct 24, 2013 10:08am
The monthly has everything in place to test upper cloud resistance at the .99 level. If we get a few more good data reports I can see it there by early/mid November..
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  • #68,485
  • Oct 24, 2013 10:09am Oct 24, 2013 10:09am
Quoting Ssm
{quote} Eur is strong at the moment while AUD is undecided and affected by the China story. However, 1.444 will be a key level to watch IMO.
The first sign was Positive data for A/U but E/A bounced from support (circle in RED) - something was wrong there. Money going back to EUR.

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  • #68,486
  • Oct 24, 2013 10:21am Oct 24, 2013 10:21am
Quoting BobGnarly
The monthly has everything in place to test upper cloud resistance at the .99 level. If we get a few more good data reports I can see it there by early/mid November.. {image}
Gnarly,

I don't disagree with that sentiment. However knowing that a currency doesn't ever go straight up and down. I am playing that i can sell this level here down to 9530. That is where i think what you are suggesting may happen from. If you look at daily and four hour it has a fairly good chance of testing support before another move up.

I wish i knew how to post charts.
  • #68,487
  • Oct 24, 2013 10:43am Oct 24, 2013 10:43am
9500 9530 go
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  • #68,488
  • Oct 24, 2013 11:18am Oct 24, 2013 11:18am
Quoting PipTrapper
{quote} Lot's more trades where that came from. The market bakes a new one every day. Don't worry about what you missed. Only worry about what's to come. If you keep this up, you will become your own worst enemy. Just some friendly advice. An angry trader is a guaranteed loser. It's all about mindset.
I find violent computer games are quite good in this situation. Lots of big guns and explosions etc..
Anything can happen.
  • #68,489
  • Oct 24, 2013 11:38am Oct 24, 2013 11:38am
Quoting ddinnov
{quote} I find violent computer games are quite good in this situation. Lots of big guns and explosions etc..
Interesting. You still get to take out your frustrations on the computer without damaging your trading account
Those who say it cannot be done should not interrupt those who are doing it
  • #68,490
  • Oct 24, 2013 12:01pm Oct 24, 2013 12:01pm
hour close above 6072 not the best thing in the world for Aussie bears
  • #68,491
  • Oct 24, 2013 12:16pm Oct 24, 2013 12:16pm
what you do you think about a short from this level?

-We have an engulfing daily on an important resistence
-we are under a daily resistence (the blue line on 4h)
-we are counter trend
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  • #68,492
  • Oct 24, 2013 2:13pm Oct 24, 2013 2:13pm
lets see if we can close back below 6072 if so that would be a more positive sign for bears if not bulls still in control
  • #68,493
  • Oct 24, 2013 2:14pm Oct 24, 2013 2:14pm
a close and hold below 6072 would be positive for bears
  • #68,494
  • Oct 24, 2013 2:24pm Oct 24, 2013 2:24pm
6062 correction
  • #68,495
  • Oct 24, 2013 4:20pm Oct 24, 2013 4:20pm
My strategy from 89/90 area has been buy the dip and it still is. Maybe even more aggressive as my projection is for more upside with a sustained move well above parity. Raging Bull here
  • #68,496
  • Oct 24, 2013 4:43pm Oct 24, 2013 4:43pm
Daily
Entry after Trigger Line
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  • #68,497
  • Oct 24, 2013 7:25pm Oct 24, 2013 7:25pm
sometimes when it moves without apparent reason, it is the truest trend
sometimes
  • #68,498
  • Oct 24, 2013 7:30pm Oct 24, 2013 7:30pm
I am happy I did right action to sell AUD. I closed my short yesterday and tried do some long, it stopped me out. Then I confirmed it would fall, shot again.
  • #68,499
  • Oct 24, 2013 8:00pm Oct 24, 2013 8:00pm
Quoting devoshca
Daily Entry after Trigger Line {image}
I am not a EW expert but no offense, I don't think that is a correct EW count.
The true fact is market doesn't care, risk mgt is important.
  • #68,500
  • Oct 24, 2013 9:54pm Oct 24, 2013 9:54pm
Quoting zew
I am happy I did right action to sell AUD. I closed my short yesterday and tried do some long, it stopped me out. Then I confirmed it would fall, shot again.

aussie will reach at least 98 to 99 before hitting down. now is just the WR of the retracement.
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