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AUD/USD

  • #74,721
  • Mar 18, 2014 6:11pm Mar 18, 2014 6:11pm
Now, it has a resistance at 0.9131, if it is broken, it goes on to the second resistance @0.9176. The second is a point, price will touch the middle line of an Andrews' Pitchfork and level 127 of the previous Fibonacci Expansion also level 100 of a one before.

I think now long is a good choice.
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  • #74,722
  • Mar 18, 2014 6:22pm Mar 18, 2014 6:22pm
Definitely SHORT: 1- daily trend line resistance 2-resistance around .9131 area
Wish you happy trade guys !
  • #74,723
  • Mar 18, 2014 6:24pm Mar 18, 2014 6:24pm
Quoting Rickcollins
Now, it has a resistance at 0.9131, if it is broken, it goes on to the second resistance @0.9176. The second is a point, price will touch the middle line of an Andrews' Pitchfork and level 127 of the previous Fibonacci Expansion also level 100 of a one before. I think now long is a good choice. {image}
We'll see
The coincidental success is more dangerous than the expected failure
  • #74,724
  • Mar 18, 2014 6:43pm Mar 18, 2014 6:43pm
Head and shoulders, at neckline, with MACD divergence, on 5m chart for fine tuning an entry based on signal from longer time frame charts
  • #74,725
  • Mar 18, 2014 6:47pm Mar 18, 2014 6:47pm
Quoting Neqrotik
{quote} We'll see
If price didn't break the resistance @0.9131, obviously it goes down to the support line around 0.909 and it will go up again. This is my analysis, I might wrong but I'll wait to check and evaluate my analysis. As far as I'm learning I think it's a good experience!
  • #74,726
  • Mar 18, 2014 6:53pm Mar 18, 2014 6:53pm
Quoting Rickcollins
{quote} If price didn't break the resistance @0.9131, obviously it goes down to the support line around 0.909 and it will go up again. This is my analysis, I might wrong but I'll wait to check and evaluate my analysis. As far as I'm learning I think it's a good experience!
Your analysis is just as good as everyone elses. In my opinion in currency markets more so than anywhere else is the most difficult to predict movements. The overwhelming speculative activity is what accounts primarily for so much uncertainty. I take a much more primitive approach to the markets myself.

Im just a contrarian where I think there is an opportunity. I am aware of risk management techniques, however I think the implementation of them cannot address the level of uncertainty adequately.
The coincidental success is more dangerous than the expected failure
  • #74,727
  • Mar 18, 2014 6:53pm Mar 18, 2014 6:53pm
Neckline being tested at AU....
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Peace Yo!
  • #74,728
  • Mar 18, 2014 7:03pm Mar 18, 2014 7:03pm
where the "Come at me Bro"???
Trade what you see, not what you think!
  • #74,729
  • Mar 18, 2014 7:08pm Mar 18, 2014 7:08pm
Quoting OMGtrader
where the "Come at me Bro"???
I know man! where art thou mr come on you
The coincidental success is more dangerous than the expected failure
  • #74,730
  • Mar 18, 2014 7:09pm Mar 18, 2014 7:09pm
Westpac reiteration today:

This week Westpac revised its outlook for the overnight cash rate by no longer forecasting rate cuts in the second half of 2014. This decision was partly made because of the considerable comfort that the Board holds with the current policy stance. That was clear in the minutes to the RBA’s March Board meeting released yesterday with the Bank pointing to gradual improvement in the economy; and expectations that growth in 2015 will be a little above trend and inflation contained within the 2-3% band. These are the hallmarks of a central bank that anticipates remaining on hold for some extended period. The Bank is setting a very high hurdle for any further policy stimulus.
  • #74,731
  • Mar 18, 2014 7:41pm Mar 18, 2014 7:41pm
Quoting EmeraldEyes
Westpac reiteration today: This week Westpac revised its outlook for the overnight cash rate by no longer forecasting rate cuts in the second half of 2014. This decision was partly made because of the considerable comfort that the Board holds with the current policy stance. That was clear in the minutes to the RBA’s March Board meeting released yesterday with the Bank pointing to gradual improvement in the economy; and expectations that growth in 2015 will be a little above trend and inflation contained within the 2-3% band. These are the hallmarks...
That sure helps making sense of AUD. Thanks for the post EE.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #74,732
  • Mar 18, 2014 8:25pm Mar 18, 2014 8:25pm
Took a small short at .91180, I'm still bullish over the long term.
Risk comes from not knowing what you're doing.
  • #74,733
  • Mar 18, 2014 8:56pm Mar 18, 2014 8:56pm
Quoting kjmartyn
Took a small short at .91180, I'm still bullish over the long term.
[Bogus:....I'm long. We will probably see a re test of .91
.9066 is where I change my mind.]

Watching the current PA. Ozzie heading for the Daily pivot. One should note, this happens most days..
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Money Makes Money
  • #74,734
  • Mar 18, 2014 9:06pm Mar 18, 2014 9:06pm
Quoting KiwiOz
{quote} [Bogus:....I'm long. We will probably see a re test of .91 .9066 is where I change my mind.] Watching the current PA. Ozzie heading for the Daily pivot. One should note, this happens most days.. {image}
I'm looking for a test of .9167.. Doesn't mean it will happen.. I'm looking for it though lol.
There are those who know, and there are those who don't know.
  • #74,735
  • Mar 18, 2014 9:28pm Mar 18, 2014 9:28pm
not a great week for this bear.... staying on the sidelines for a while to see if the AUD has enough momentum to actually break through this band of resistance.

should go for a bit of a trot higher if it can
  • #74,736
  • Mar 18, 2014 9:30pm Mar 18, 2014 9:30pm
Quoting KiwiOz
{quote} [Bogus:....I'm long. We will probably see a re test of .91 .9066 is where I change my mind.] Watching the current PA. Ozzie heading for the Daily pivot. One should note, this happens most days.. {image}
good call on daily pivot bounced right up! maybe it will add some steam to it.. Eh will see.
There are those who know, and there are those who don't know.
  • #74,737
  • Mar 19, 2014 2:51am Mar 19, 2014 2:51am
My take on audusd
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  • #74,738
  • Mar 19, 2014 3:20am Mar 19, 2014 3:20am
hi all I'm l au from 9118 just after london opened, whether au is being carried along by gu strength at londons opening, we'll see.... hey Thunderdome, what does your 1R 2R etc mean?
We don't see things as they are - we see things as we are.
  • #74,739
  • Mar 19, 2014 3:23am Mar 19, 2014 3:23am
oh is it Risk Reward Ratio? 1R is equal to entry minus SL, etc...?
We don't see things as they are - we see things as we are.
  • #74,740
  • Mar 19, 2014 4:08am Mar 19, 2014 4:08am
Quoting sonicvista12
oh is it Risk Reward Ratio? 1R is equal to entry minus SL, etc...?
Correct.

It's simply R/R ratio
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