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AUD/USD

  • #79,101
  • Edited 9:07pm Jun 10, 2014 12:25pm | Edited 9:07pm
Quoting ill_be_back
{quote} And i am short GJ from 172.487
OUT @ 17.944
In again @ 172.061 OUT 171.457
Now Pending Sell @ 171.7360
Attached Image (click to enlarge)
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A good trader follows his rules, but great trader knows when to break them
  • #79,102
  • Edited 1:05pm Jun 10, 2014 1:02pm | Edited 1:05pm
Typical trend exhaustion on H4. I just closed my long position and placed a short stop at 0.9360.
Expecting a sharp reversal withing next couple of days with first target @ 0.9283
  • #79,103
  • Jun 10, 2014 1:10pm Jun 10, 2014 1:10pm
Quoting nelsonwalker
Typical trend exhaustion on H4. I just closed my long position and placed a short stop at 0.9360. Expecting a sharp reversal withing next couple of days with first target @ 0.9283
Good Decision.
We are targeting 0.89/0.90 levels in few weeks time.
However in a longer-term we see more drop in Aussie in coming months too.
We still favour Aussie as Sell on rallies pair, than rather buy in dips.
SpotPip - we SPOT, you PIP
  • #79,104
  • Jun 10, 2014 1:13pm Jun 10, 2014 1:13pm
Quoting nealpek
Refreshing analysis. as i am always trying to add to my knowledge base, may i inquire as to how current actual price indicated behavior led to your understanding that the currency is now exhibiting position run exiting behavior?

Futures 6AM4 past 5 hours declining volume. This is an exchange traded contract so volume is real. Problem is however, how many shorts are over extended randomly panic exiting so near this magic mental number 9400. I'm sure this market is heavy with solid short sell loses that have Been waiting for some pull back to save the day.

Absolutely nothing is wonderful with Aussie economy. Bland to poor overall conditions. And as always the Asian issue that gyrates it to and for. We have had a lite Eco data release thus far this week from any of the major countries that has caused some action stagnation and price drifting without the usual ebb and flow.

The interest rate is the hook for this currency and that is it. All that's going for it. A geopolitical stunt such as some more Russian Shock and Awe above the accepted threshold would spur T notes and pull away from this currency. The sell order I spoke of is 8 tics in the red as I type. It stayed parity for a good bit then started the usual late day drift.

Bottom line here all charts aside. This thing is heavy and the slightest tickling of the big elephants feet and she bucks and jerks quickly. This will dump some longs and get padding from the losing shorts covering. At best we can expect maybe a good 50 pips in all then back to senseless wobbling upward directional bias.
"Look Left Think Right"
  • #79,105
  • Jun 10, 2014 1:24pm Jun 10, 2014 1:24pm
Quoting albchr
{quote} Awwww.... not gonna stick around to see what the NY crowd does? LOL Have a great one Ken.
NY is a slow burner. I am looking for quick pips bonus from E/A either long or short scalping.

Have closed all E/A but one:

Attached Image



Quoting Hickson
{quote} Strange ... I thought the thread's quality was just about to pick up
Nothing unusual just some frustrated members having bad positions and need someone to blame. If they short all they want to hear is bear bias instead of their own analysis. This place is no different than other public threads.
  • #79,106
  • Jun 10, 2014 1:54pm Jun 10, 2014 1:54pm
currency analyst, i definitely agree with most of your analysis on a fundamental basis. However, from my experience, knowing that all news good or bad, economy hiccups,etc, usually have very little to do with current price movement as all of this pointless garbage is already factored into price and planned for well ahead of the herd ever catching wind. that's why i've learned to stay away from all of the rhetoric, and focus on spotting when the big boys are playing or avoiding.
Supply and demand levels are always unwinding and forming anew. My opinions about what some corrupt official is blabbing about has no consequence on my trading decisions. the footprints are left by the money, and i try as best i can to spot that in the absence of conjecture, just simplifies things a great deal.
i do wish everyone only the best in all of their endeavors!!!
  • #79,107
  • Jun 10, 2014 1:59pm Jun 10, 2014 1:59pm
Quoting Ken A
{quote} NY is a slow burner. I am looking for quick pips bonus from E/A either long or short scalping. Have closed all E/A but one: {image} {quote} Nothing unusual just some frustrated members having bad positions and need someone to blame. If they short all they want to hear is bear bias instead of their own analysis. This place is no different than other public threads.
I still have bad positions, but the point is: If I have a bad position, I either: a) Did not do a good analysis b) Did not get a good entry c) Did not take profit in time

If I have a really bad position: I used no SL.
Fix up, trade sharp ...
  • #79,108
  • Edited 2:43pm Jun 10, 2014 2:30pm | Edited 2:43pm
Wow, this runaway train just slammed into a wall..... Liking the PA. I'm not a long term guy but this looks good for a few pips down tonight. Decent topping but no engulfs yet but something is happening. Looking for some engulfs, then it may be on..


NealPek's chart look good to me...
SPC * Swollen PocketZ Crew!
  • #79,109
  • Jun 10, 2014 3:30pm Jun 10, 2014 3:30pm
sell AUD
lets go to 0.93 first
sarjanaforex dot com
  • #79,110
  • Jun 10, 2014 4:48pm Jun 10, 2014 4:48pm
Great buy opportunity right here, and take profit 15 as it spikes to .9390.
  • #79,111
  • Jun 10, 2014 5:00pm Jun 10, 2014 5:00pm
Quoting JTattheRanch
Great buy opportunity right here, and take profit 15 as it spikes to .9390.
JT...

This is a traders forum, not a Lemonade stand ...

Nobody will ever take you serious if you continue to use Comic Sans.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #79,112
  • Jun 10, 2014 5:15pm Jun 10, 2014 5:15pm
currencyanalyst, what does the macd say, lol!!!!, still think its gonna pop to the .9430ish area
  • #79,113
  • Jun 10, 2014 5:17pm Jun 10, 2014 5:17pm
Quoting Magix
{quote} JT... This is a traders forum, not a Lemonade stand ... Nobody will ever take you serious if you continue to use Comic Sans.
  • #79,114
  • Jun 10, 2014 5:24pm Jun 10, 2014 5:24pm
Quoting nealpek
currencyanalyst, what does the macd say, lol!!!!, still think its gonna pop to the .9430ish area
Dont use any oscillators so no idea. Still woddling without any steam. News in 7 minutes if its in the far red might dance slightly green could give it a quick easy boost.
"Look Left Think Right"
  • #79,115
  • Jun 10, 2014 5:24pm Jun 10, 2014 5:24pm
Good morning
  • #79,116
  • Jun 10, 2014 5:33pm Jun 10, 2014 5:33pm
Ooops! Self-Erected-Guru

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  • #79,117
  • Jun 10, 2014 5:35pm Jun 10, 2014 5:35pm
Quoting rocky
{quote} {image}

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  • #79,118
  • Jun 10, 2014 5:36pm Jun 10, 2014 5:36pm
i know you don't use that crap, just kidding!!!, no volume at all, not many sucked in at the top, odd don't you think?
  • #79,119
  • Jun 10, 2014 5:45pm Jun 10, 2014 5:45pm
.2% not enough still down 8.8% past year progression. Its not the headline figure moreso the undertones that matter.
"Look Left Think Right"
  • #79,120
  • Jun 10, 2014 5:47pm Jun 10, 2014 5:47pm
LOL I guess this news isn't good enough to move the Aud/Usd up,silly traders smart money is totally F-ing with you.
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