AUD/USD

Got some green?

Daily setups..

 

1. M1 - first chart - we are below the cloud with all indicators however the kijun (blue line is showing signs of flattening meaning the strength of the run per minute is waning.
2. M5 - Second chart - reinforces the above stance however the kijun is shadowing the tenkan showing more bearish movement per 5 minute cycle.
3. M15 - third chart - As above
4. M30 - no chart - as above
5. H1 - no chart - as above
6. H4 - fourth chart - we are above the cloud, we have had a TK cross however have not met our first support level (cloud) so as far as movement and trend reversal we are not confirmed. Cloud still showing we are in an uptrend as per the 4 hour cycle. Although not a buy point in my opinion
7. D1 - fifth chart - We are high above the cloud, a potential retrace back the Kijun may occur however does not seem likely at present unless the UK and US sessions drive us lower.

AUD Gold is heading upwards offering support for the dollar.

I am still short, however thinking of adding a long position around the 0.90980 mark (Kijun on the D1)

Yeah same, my stop losses may have closed a bit too early but was a nice ride.

.920 make or break

Agreed, top of cloud on the H4 0.920. Nice pickup Ken.

I think the bears are in hibernation, either that or they are dead...

Terrible retail sales number, decreasing Chinese non-manufacturing PMI.

What does that tell you?

RBA Gov speaking later, will provide more clues.

Watch for a retrace to 0.92205, if we bounce off a potential short position would be in order.

SSM, you are letting the fundamentals screw with you..

NAB Ceo change.
All banks down on stock market.
Jupiters (casino mob) to reduce staff in Aus
Airline pulling out
All car manufacturers pulling out.
China defaults looming again
Cold war

And still the AUD drive on with one arm out the window give the bird the world.
If basing trading on fundamentals we should be around the 0.89 mark right now in my opinion.
If this sounds harsh it is not meant to be... I placed my crazy shorts based on fundamentals.

Nikkei has shown gain so probably A/U and A/J will soon follow

Short placed based on the above. will be a short term position almost a scalp.

TS set to 40

this is where I am trading from today.. hard life this trading stuff..

Nice fast free internet and a big breakfast thrown in.. nice.

Feel free to tell me to piss off, I am ex Army so you can yell at me and I will later..

Bulls are already testing small resistance at the 0.92213 mark. However another TK cross forming to the bear, if we confirm the tk cross in the next minute we are in for a nice bear run, if not we in the cloud for a non trade zone. Unless we are going for a full retrace on the M5 to the kijun (blue line) sitting @ 0.92304. So watch for a bounce off the 0.92300 level.

Gold, we have a TK twist, we are above the cloud with all indicators.
I am long.

okay the forum whore is going for breakfast.
Trades entered for today.

Happy green pips to all.

How was that for total manipulation!??

Might just be a small pump and dump.

Indeed, AUD is heading up.

AUD .9230

Some data today all points south for the AUD.

Its still hangin in there with .9210 a support base with big stops below .9200 and now sellers lined up at .9250

What's saving the AUD is AUD/NZD cross looking bid but that's more NZD looking sad so AUD may follow

We have the whole world short EUR long AUD so I expect this cross to ratchet towards 1.5020-50 over coming sessions.

Have fun