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AUD/USD

  • #80,721
  • Jun 25, 2014 8:11am Jun 25, 2014 8:11am
Quoting nealpek
should have used the macd 26,4,7 instead of the 28,5,8.... {image}
The price never went into the box ? Does the same rules apply even if the price touches the edge?
  • #80,722
  • Jun 25, 2014 8:12am Jun 25, 2014 8:12am
Quoting albchr
{quote} Yes sir I just dealt with a huge broker freeze. Got out of AU +20 GU +93 EA I closed before news with a couple. NU?? .... Looks like more MM to keep covering those open wounds. Still, this is not the launch I expected on such bad US numbers.
I didn't touch other pairs only added U/J long on the dip and short E/U spikea

Edit: this GDP # is for first quarter of the year and it doesn't take a genius to guess the outcome. In other words it's been priced in.
  • #80,723
  • Jun 25, 2014 8:15am Jun 25, 2014 8:15am
Quoting Arman_A
{quote} The price never went into the box ? Does the same rules apply even if the price touches the edge?
at minimum, all you need is a wick, but on a smaller time frame, price is within it multiple times, including the hourly that i trade...
a wick is price...
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  • #80,724
  • Jun 25, 2014 8:19am Jun 25, 2014 8:19am
Quoting SydneyGuru
how my predictions ? I do not thinking it is a bull market ... This is a bull trap !
a bull trap..!!!! what does it means???
  • #80,725
  • Jun 25, 2014 8:21am Jun 25, 2014 8:21am
Quoting Ken A
{quote} I didn't touch other pairs only added U/J long on the dip and short E/U spikea Edit: this GDP # is for first quarter of the year and it doesn't take a genius to guess the outcome. In other words it's been priced in.
Yeah I'm thinking I should have held everything.
Ghost Rider - WWTBMD?
  • #80,726
  • Jun 25, 2014 8:23am Jun 25, 2014 8:23am
Quoting turk1
{quote} a bull trap..!!!! what does it means???
It means if price retrace he will always be right

The sales pitch
  • #80,727
  • Jun 25, 2014 8:37am Jun 25, 2014 8:37am
one more trick, s&r is not the same as supply and demand. previous demand(top blue box) can be used as a confirmation. Once passed,
it can be used as support....doesn't always hold, but can be used as a guide...
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  • #80,728
  • Jun 25, 2014 8:38am Jun 25, 2014 8:38am
Quoting Ken A
{quote} It means if price retrace he will always be right The sales pitch
does this line of thought stack up?


1. US GDP Down, Crude Oil and Gas stock likely to increase therefore commodity price decrease therefore AUD worth less.
2. US GDP Down, less incentive to buy Chinese products therefore AUD worth less.
3. Big GDP news 21pip rise now settle up 17 pips one hour later therefore no confidence therefore AUD worth less

It looks like it doesn't know what to do... looking at the charts over the last 6 weeks there is a sharp rise followed by a prolonged off loading (2 times already and this could be the third time). There is more volume getting out of an AUD position than buying into the spike...
  • #80,729
  • Jun 25, 2014 8:40am Jun 25, 2014 8:40am
Quoting nealpek
one more trick, s&r is not the same as supply and demand. previous demand(top blue box) can be used as a confirmation. Once passed, it can be used as support.... {image}
Nepalek, your prices dont seem right to me, i have the low on AUDUSD at 0.935XX
  • #80,730
  • Jun 25, 2014 8:43am Jun 25, 2014 8:43am
Quoting MetroFX
{quote} Nepalek, your prices dont seem right to me, i have the low on AUDUSD at 0.935XX
i trade the aussie futures, basically a mirror of Aussie spot market, but with different numbers. however, charts are almost identical..
  • #80,731
  • Jun 25, 2014 8:46am Jun 25, 2014 8:46am
Quoting surfbeach253
{quote} does this line of thought stack up? 1. US GDP Down, Crude Oil and Gas stock likely to increase therefore commodity price decrease therefore AUD worth less. 2. US GDP Down, less incentive to buy Chinese products therefore AUD worth less. 3. Big GDP news 21pip rise now settle up 17 pips one hour later therefore no confidence therefore AUD worth less It looks like it doesn't know what to do... looking at the charts over the last 6 weeks there is a sharp rise followed by a prolonged off loading (2 times already and this could be the third time)....
Surf, this is what i mean...you have to be Rain Man, or Ken to understand this...you seem a bit confused about the fundamentals,
thats what they are trying to do, confuse the crap out of you...
So what's your trading decision based on all of this analysis?
This morning(my time), the only analysis i performed was to see if my 'johnson' was still attached to my body...
  • #80,732
  • Jun 25, 2014 8:53am Jun 25, 2014 8:53am
Quoting surfbeach253
{quote} does this line of thought stack up?

1. US GDP Down, Crude Oil and Gas stock likely to increase therefore commodity price decrease therefore AUD worth less.
2. US GDP Down, less incentive to buy Chinese products therefore AUD worth less.
3. Big GDP news 21pip rise now settle up 17 pips one hour later therefore no confidence therefore AUD worth less

It looks like it doesn't know what to do... looking at the charts over the last 6 weeks there is a sharp rise followed by a prolonged off loading (2 times already and this could be the third...
1. If you look at it as risk-off then it's true the price will decrease but it has nothing to do with stock due to GDP #. Only NFP# has potential to affect Crude price in the past.
2. In the sense of Risk-off global risk aversion, you can say that but this is not the case.
3. Look at it as USD weakness/strength to fluctuate A/U rate and to fill orders.

In brief, my personal opinion, you'll have to read last FOMC statement and get in sync with the markets expectation. From last FOMC statement, everyone knows when and where FED is going to change rate and this GDP # is for the first quarter of the year and we all know how the performance in that period for the obvious reason and it's been priced in. Spike here and there to fill orders - nothing unusual.

Watch equities and indices going up or down from this GDP then draw your own conclusion. Also watch bonds markets.

Just my personal opinion don't take it seriously.
  • #80,733
  • Jun 25, 2014 8:56am Jun 25, 2014 8:56am
you see, only a rocket scientist with a degree in sphegomamenometry can even begin to decipher this stuff....
I still don't know what FOMC stands for...
Ken, will you marry me?
  • #80,734
  • Jun 25, 2014 9:01am Jun 25, 2014 9:01am
Are you a girl?
  • #80,735
  • Jun 25, 2014 9:03am Jun 25, 2014 9:03am
i'll be whatever you want me to be....
  • #80,736
  • Jun 25, 2014 9:04am Jun 25, 2014 9:04am
I did my profit for today and I am going to stay away from the market till Monday.

Investors now in with a big question .... what gonna do . to many Up and Down it could be two days of flat after controversial moves

I expect Monday Up for RBA expectation if price get down again and July is a month of USD dollar means going Down
  • #80,737
  • Jun 25, 2014 9:04am Jun 25, 2014 9:04am
WOW!! Things are getting rather racy in here no?
Ghost Rider - WWTBMD?
  • #80,738
  • Jun 25, 2014 9:08am Jun 25, 2014 9:08am
Quoting SydneyGuru
I did my profit for today and I am going to stay away from the market till Monday. Investors now in with a big question .... what gonna do . to many Up and Down it could be two days of flat after controversial moves I expect Monday Up for RBA expectation if price get down again and July is a month of USD dollar means going Down
Please, Ken, i'll leave this one for you!!! your welcome...
  • #80,739
  • Jun 25, 2014 9:11am Jun 25, 2014 9:11am
Nah will just leave it alone for entertainment ......

Only noobs will fall for that .............

Just wait how long he can hide his true agenda here

  • #80,740
  • Jun 25, 2014 9:13am Jun 25, 2014 9:13am
what is his agenda?someone would buy something from this guy?
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