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AUD/USD

  • #71,541
  • Jan 15, 2014 8:25pm Jan 15, 2014 8:25pm
Quoting KiwiOz
Weekly chart now shows Ozzie targeting 0.83................. Actually, I drew that target in on 25th Nov 2013. Todays move confirms it beyond doubt for me. {image}
Hey KiwiOz, after seeing your earlier posts I did lots of research on magnetic lines but I couldn't find any references similar to the lines you are drawing to find price levels. Can you reference the website or book where you learned to trade like this?

You seem to really know what you are doing! Thanks!
  • #71,542
  • Jan 15, 2014 8:27pm Jan 15, 2014 8:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: AC.png Size: 69 KB
  • #71,543
  • Jan 15, 2014 8:32pm Jan 15, 2014 8:32pm
looks more promising
Attached Image (click to enlarge)
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  • #71,544
  • Jan 15, 2014 8:33pm Jan 15, 2014 8:33pm
Quoting mangojango
{quote} Hey KiwiOz, after seeing your earlier posts I did lots of research on magnetic lines but I couldn't find any references similar to the lines you are drawing to find price levels. Can you reference the website or book where you learned to trade like this? You seem to really know what you are doing! Thanks!
Cheers mate. To learn the "BASICS" you need to study these PDFs.
Attached File(s)
File Type: pdf Tom Demark Price Pojection 01 (1).pdf   1.1 MB | 695 downloads
File Type: pdf Tom Demark Price Pojection 02.pdf   445 KB | 565 downloads
File Type: pdf Tom Demark Price Pojection 03 (1).pdf   581 KB | 559 downloads
Money Makes Money
  • #71,545
  • Jan 15, 2014 8:35pm Jan 15, 2014 8:35pm
and at last... good luck everyone and good pips to all :-)
Attached Image (click to enlarge)
Click to Enlarge Name: AJ.png Size: 80 KB
  • #71,546
  • Jan 15, 2014 8:39pm Jan 15, 2014 8:39pm
This is great! Now, I'm just waiting for a good buying opportunity. Who is with me? Let's move this thing up to 0.9200!
  • #71,547
  • Jan 15, 2014 8:56pm Jan 15, 2014 8:56pm
Quoting mangojango
{quote} Hey everyone, checkout the Order Flow Trading coverage of that massive downside move in response to the unemployment news 20 minutes ago. They were bang on about the stops and the coverage above 8800. Very interesting.[/url]
Pretty much the only thing use these days. But I'm biased bc I've been using them for a year now & feel like I have an edge on these other traders. ha!
  • #71,548
  • Jan 15, 2014 9:06pm Jan 15, 2014 9:06pm
Quoting EmeraldEyes
{quote} Pretty much the only thing use these days. But I'm biased bc I've been using them for a year now & feel like I have an edge on these other traders. ha!
suppose they do not sell things on you? I am interested to register a free account with them, to read their news and reports.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #71,549
  • Jan 15, 2014 9:07pm Jan 15, 2014 9:07pm
We should see more rate cuts from RBA soon. But, I figure at this point at least the next one is priced in. All eyes on the Fed now. What is Yellen going to do? Will she silence her critics by being unexpectedly more hawkish or will she live up to her expectations as an ultra-dove? That's the million dollar question. Literally!
  • #71,550
  • Jan 15, 2014 9:12pm Jan 15, 2014 9:12pm
Quoting card
This is great! Now, I'm just waiting for a good buying opportunity. Who is with me? Let's move this thing up to 0.9200!
This is going to be very hard mission:

75% were long before it collapsed.

Now at current price, you are already 80%.

Now there is a lot of stops to clean and you know the story... Market is going to eat them all.

Good luck "Longs"

Ps: Look at price action.... AUDUSD is not even retracing 20 pips. European session open soon and they will trade that news too. Guess where market will go
$10K Live Account... 3 months investor testing!
  • #71,551
  • Jan 15, 2014 9:13pm Jan 15, 2014 9:13pm
Quoting ffleo
{quote} suppose they do not sell things on you? I am interested to register a free account with them, to read their news and reports.
Havent seen any spam. I think DS trades this info to help pay for the site. Bank reports, open reports, sentiment reports are great to glance over before your trading starts.
  • #71,552
  • Jan 15, 2014 9:26pm Jan 15, 2014 9:26pm
Quoting Crazy-Trader
{quote} This is going to be very hard mission: 75% were long before it collapsed. Now at current price, you are already 80%. Now there is a lot of stops to clean and you know the story... Market is going to eat them all. Good luck "Longs" Ps: Look at price action.... AUDUSD is not even retracing 20 pips. European session open soon and they will trade that news too. Guess where market will go
the current down move is completely normal. It just reached the lower part of the channel. you have a 50 pip window to long it. that is where 8750 comes from.

Attached Image (click to enlarge)
Click to Enlarge Name: aussie- i7860-TDA_060.png Size: 183 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #71,553
  • Jan 15, 2014 9:33pm Jan 15, 2014 9:33pm
Quoting ffleo
{quote} the current down move is completely normal. It just reached the lower part of the channel. you have a 50 pip window to long it. that is where 8750 comes from. {image}
Your timeframe is to small.

http://www.myfxbook.com/files/CrazyT...CXv4z7Y75a.png
$10K Live Account... 3 months investor testing!
  • #71,554
  • Jan 15, 2014 9:46pm Jan 15, 2014 9:46pm
Quoting Crazy-Trader
{quote} This is going to be very hard mission: 75% were long before it collapsed. Now at current price, you are already 80%. Now there is a lot of stops to clean and you know the story... Market is going to eat them all. Good luck "Longs" Ps: Look at price action.... AUDUSD is not even retracing 20 pips. European session open soon and they will trade that news too. Guess where market will go
: ) I was being a bit sarcastic, there. I am looking to go long at some point in the near future. Maybe, at .87, maybe lower. I don't know yet.
  • #71,555
  • Jan 15, 2014 9:49pm Jan 15, 2014 9:49pm
Quoting card
{quote} : ) I was being a bit sarcastic, there. I am looking to go long at some point in the near future. Maybe, at .87, maybe lower. I don't know yet.
I guessed so... why not going short until there? Afraid to make some pips in a bearish trend? Trend is your friend... : )
$10K Live Account... 3 months investor testing!
  • #71,556
  • Jan 15, 2014 9:56pm Jan 15, 2014 9:56pm
Quoting EmeraldEyes
{quote} Havent seen any spam. I think DS trades this info to help pay for the site. Bank reports, open reports, sentiment reports are great to glance over before your trading starts.
Are you a paid member or have you done the training? is it any good?
  • #71,557
  • Jan 15, 2014 10:13pm Jan 15, 2014 10:13pm
Quoting Crazy-Trader
{quote} I guessed so... why not going short until there? Afraid to make some pips in a bearish trend? Trend is your friend... : )
A short here is too risky for me, although it is pretty tempting. I also hold positions for weeks sometimes and don't want to pay the daily interest. I'm cheap like that. : )
  • #71,558
  • Jan 15, 2014 10:27pm Jan 15, 2014 10:27pm
the target will be .862x
  • #71,559
  • Edited 11:21pm Jan 15, 2014 10:40pm | Edited 11:21pm
Quoting eurusd_trade
{quote} I tried -EA at 1.5465, let's see how it goes. small size on this one. i believe it should come back to the 1.5350-1.5400 range after some time, i doubt there's a big challenge on 1.55 AU i have even less conviction, more willing to buy if it gets deeper into the 0.87 handle quickly. gonna target 75pips for now.
off this (or reduce to negligible size and just let it run), it could still work but it's not worth the effort. and risk. there are easier ways to make money out there. aespecially after this long consolidation. no interest in playing the 8750-8850 game at 8810. i'll look for AU buys starting at around 8775 (the extra 30-40 ticks vs trying to do something at 8815/no man's land makes a big difference) if we don't hit 8850 first. if we do push up to/thru 8850 then no buy at 8775
  • #71,560
  • Jan 15, 2014 10:41pm Jan 15, 2014 10:41pm
Great summary and deeper look in to Australia's December jobs data that was released earlier from Commonwealth's Economics team.
Commonwealth Bank of Australia – Economics Update
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