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AUD/USD

  • #77,621
  • May 23, 2014 7:24pm May 23, 2014 7:24pm
I'm back to live trading after a healthy break and have chosen to focus the majority of my trades and efforts on the AUD/USD.

an interesting thing I've lightly put some time into is the deepest dip of the pair. It seems to me that dips of about 140 pips turn around soon. Some have turned later at about the 220-230 mark but this seems to have occurred just a couple of times recently.

I note that yesterday the EUR and GBP /AUD pairs have come off of recent highs. While my trade explorer is certainly biased in a messed up way to long aud/usd, I have profitable shorts open on the other two pairs.

current extreme low I see on this pair: .9184
current extreme high is into the .9500s

so, as far as me and my trading account are concerned, short looks riskier than long.
"Holy Grail" exists - accepting where is the first step.
  • #77,622
  • May 23, 2014 8:46pm May 23, 2014 8:46pm
Quoting santuary123
{quote} My view AU will fall to 9180-9190 then bounce up for correction.. maybe 9280-9300 then fall again below 9180.. Thats my prediction
i see

ok
  • #77,623
  • May 23, 2014 8:48pm May 23, 2014 8:48pm
Quoting VaBikePacker
I'm back to live trading after a healthy break and have chosen to focus the majority of my trades and efforts on the AUD/USD. an interesting thing I've lightly put some time into is the deepest dip of the pair. It seems to me that dips of about 140 pips turn around soon. Some have turned later at about the 220-230 mark but this seems to have occurred just a couple of times recently. I note that yesterday the EUR and GBP /AUD pairs have come off of recent highs. While my trade explorer is certainly biased in a messed up way to long aud/usd, I have...
I hope you're right . Already lost about 50 bucks on eurusd on a small account I recently opened
  • #77,624
  • May 23, 2014 8:55pm May 23, 2014 8:55pm
Quoting VaBikePacker
I'm back to live trading after a healthy break and have chosen to focus the majority of my trades and efforts on the AUD/USD. an interesting thing I've lightly put some time into is the deepest dip of the pair. It seems to me that dips of about 140 pips turn around soon. Some have turned later at about the 220-230 mark but this seems to have occurred just a couple of times recently. I note that yesterday the EUR and GBP /AUD pairs have come off of recent highs. While my trade explorer is certainly biased in a messed up way to long aud/usd, I have...
very good! applause of you dont give up!
YES of course shorting the aussie is a goooood idea for this time.... no hesitation
  • #77,625
  • May 23, 2014 9:31pm May 23, 2014 9:31pm
Quoting smilemiz
no hesitation
No hesitation?

Really?

Check it...

The fast charts show that there is hourly support, meaning that if the buyers have their way, they want to sell from higher prices...The trend has reversed, but hasn't confirmed...If you are not leery about taking a position...you should be leery about taking that position...Chart 1.

If we do have a little strength at current, we have 2 breakzones that there may be opportunity to load at...Chart 2.

And if we don't, there are certainly levels that we could look to load for a continuation of trend. If it spikes down to support Chart 3, I'd be selling the farm to load the longs...If we spike up, I will be watching rejection for opportunity...

These are the longer timeframes...I trip in the M1s, for me, there is always a trade...

But if you are thinking that the market only has a single direction, this is when you should be most cautious...

My dos centavos.

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #77,626
  • Edited 5:44am May 24, 2014 5:34am | Edited 5:44am
Quoting Ken A
Probably .920x to give meaningful pullback H1
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Not going to look at bigger bigger chart but H1 and wait for the reaction at certain levels. There're clear levels have been defended pretty good so far. Don't ask me by who and why it hit to the pip at certain levels

5 attempts to break .92160 and one succeeded but defended by .92086. It will take extreme negative data for Aussie to break this level and clear levels below .92007 and .91867 personal opinion it will hold.


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  • #77,627
  • May 24, 2014 10:33am May 24, 2014 10:33am
What we now have is a symmetrical triangle which could break out either way. Be wary of a head fake on light holiday volumes on Monday
Attached Image (click to enlarge)
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  • #77,628
  • May 24, 2014 3:07pm May 24, 2014 3:07pm
AUD USD new week will be strongly bearish.
  • #77,629
  • May 24, 2014 3:09pm May 24, 2014 3:09pm
We see what we want to see that's part of cognitive bias is inevitable
  • #77,630
  • May 24, 2014 3:17pm May 24, 2014 3:17pm
this is not bias it's based on probabilities. Ken I post live calls in my thread. You can post yours, if you like.
  • #77,631
  • May 24, 2014 3:32pm May 24, 2014 3:32pm
I posted live trades in my thread when bored and mostly deleted live trades on public threads because no urge to quote myself with "You see, I told you so. I am the great one" or I need someone to praise me. I am not looking for subscribers

Ok for A/U got one long and about to get S/O or +few hundred pips

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  • #77,632
  • May 25, 2014 4:34pm May 25, 2014 4:34pm
Awfully quiet in here.

I didn't kill the thread.
  • #77,633
  • May 25, 2014 4:41pm May 25, 2014 4:41pm
Quoting Ken A
Awfully quiet in here. I didn't kill the thread.
Sir check my msg
  • #77,634
  • May 25, 2014 7:15pm May 25, 2014 7:15pm
Quoting Ken A
Awfully quiet in here. I didn't kill the thread.
I guess you need to post your live trades here to keep it alive.
The true fact is market doesn't care, risk mgt is important.
  • #77,635
  • May 25, 2014 7:20pm May 25, 2014 7:20pm
Today will be quiet, nevertheless, I see resistance at .9250 level to determine ongoing direction.
The true fact is market doesn't care, risk mgt is important.
  • #77,636
  • May 26, 2014 12:47am May 26, 2014 12:47am
aud usd
On the daily chart, we are seeing the bottom of the channel is being broken below. If 0.9200 support level is violated, a drop could be observed by the pair.
Attached Image (click to enlarge)
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  • #77,637
  • May 26, 2014 3:32am May 26, 2014 3:32am
Quoting shakiba
aud usd On the daily chart, we are seeing the bottom of the channel is being broken below. If 0.9200 support level is violated, a drop could be observed by the pair. {image}

So .93 is coming??
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #77,638
  • May 26, 2014 9:48am May 26, 2014 9:48am
Quoting Zircon
{quote} So .93 is coming??
.93 is coming sure, maybe higher??? Let me see again. .
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #77,639
  • May 26, 2014 9:55am May 26, 2014 9:55am
Quoting Zircon
{quote} .93 is coming sure, maybe higher??? Let me see again. .
maybe lower, like .87
  • #77,640
  • May 26, 2014 9:56am May 26, 2014 9:56am
Quoting Zircon
{quote} .93 is coming sure, maybe higher??? Let me see again. .
on monthly chart it's clear that AU broke previous support back in 2013 (9400-9800), did a test of prev supp late 2013, turn resistance, and one more test now, and it gets flushed.

So short term - yes we can retrace. But mid-term we will get flushed below 9000.
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