AUD/USD | Page 4054 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #81,061
  • Edited 4:03pm Jun 27, 2014 3:52pm | Edited 4:03pm
Quoting yeniful
{quote} EXACTLY. sir, you are the second out of 100 posters or so that have noticed this..... aud has found short term resistance above 0.94 and each short term resistance has risen the last few months along with gold and commodities...... Am i the only person here that is expecting AUD to go back up to parity?
Nah, you're definitely not alone, commodities are on the rise again and so are commodity currencies. I will wait for AUD/USD to rise above the 200 EMA on the weekly charts before I start buying though.

I used to stick up for retail traders because I am one of them. But, as time goes on I am realizing that they really are almost always on the wrong side of the trade. Basically, if you are saying the opposite of everyone else on this website, you are probably doing something right.
Trade at your own risk.
  • #81,062
  • Jun 27, 2014 4:18pm Jun 27, 2014 4:18pm
Quoting yeniful
{quote}Am i the only person here that is expecting AUD to go back up to parity?
No. My opinion is that the pair won't do that under current circumstances unless we see some sort of catastrophic event. I believe the pair needs a healthy retrace down before that even begins to become a possibility.

My studies indicate the following:

EXTREME AUD/USD high currently is at .9518
EXTREME AUD/USD low currently is at .9130

Even with a direct move to 9130 from current levels, a new top would only be up to about 9720. So, IMO, it's gonna be a while, but, based on US fundamentals, a catastrophe of some sort could send all senses of reality out the window...

BUT - equities running hot and needing to let off some steam, etc....I consider it likely for a healthy retrace to be around the corner for the pair to get ready for new highs beyond current highs..
"Holy Grail" exists - accepting where is the first step.
  • #81,063
  • Edited 11:57pm Jun 27, 2014 11:45pm | Edited 11:57pm
Quoting Matts Micro
Depending on what happens between now and Monday close the monthly chart is beginning to look interesting for a bullish outlook. This may however be the beginning of an 100+ pip correction between now and then. {image}
Agree on June monthly close looks like will at least touch .946x if not above.

current reports

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 26 KB
  • #81,064
  • Jun 28, 2014 4:54am Jun 28, 2014 4:54am
Quoting Ken A
{quote} You are missing the whole point, using FIB is a combination of many things other than S/D & S/R. When I said no reference on the left of the chart, will give you example why I made short entry at the first touch without confirmation (hate to talk after the facts but......) in this post Post 80,302 {image} Did you see anything on the left of the chart that would suggest it will stop dead at .94439? The same thing when I shorted E/U at the top of the pip at 1.39933...
That is what I was saying, because things you apply automatically, year in and year out, are not routine for me. It is like telling a chess student that there is a mate in five moves and he does not see it, missing out on pattern recognition and/or the experience to apply techniques to a certain position. You have to give him loads of examples of tactical and strategical exercises that finally sharpens his mind over the years to survive in a game of chess. Guess it is the same for me here - have to see the patterns first.

Well, in your example you shorted Aussie at 0.94436. Zooming out the daily chart, one can see that price reached almost the same level some days earlier and was rejected from 0.9459. This hints at least, that price could not stay in this area very long. Zooming out even more, this supply zone dates from much earlier, ultimately becoming a strong resistance after the beginning of the downtrend last year. It was tested, even reaching the 0.97's in October, but eventually dropped back sharply in november.

Based on this alone you could have entered with a good R:R at your example, since this area has held for a long period now. So there is probably really no Fib to apply for this trade. Same can be seen on E/U, if you go to monthly, the price was in an area it left to the down side with momentum several times.
Could be all wrong again, but I do not know better yet.
Fix up, trade sharp ...
  • #81,065
  • Jun 28, 2014 4:59am Jun 28, 2014 4:59am
Quoting thodie
{quote} some sort of schizoide disease or commercial?
Fix up, trade sharp ...
  • #81,066
  • Jun 28, 2014 8:20am Jun 28, 2014 8:20am
Quoting Hickson
{quote} That is what I was saying, because things you apply automatically, year in and year out, are not routine for me. It is like telling a chess student that there is a mate in five moves and he does not see it, missing out on pattern recognition and/or the experience to apply techniques to a certain position. You have to give him loads of examples of tactical and strategical exercises that finally sharpens his mind over the years to survive in a game of chess. Guess it is the same for me here - have to see the patterns first. Well, in your example...
Well, technical and target measurement is one thing that's the very basic of price action and making educate guess when and where support or resistance will be broken is another thing. Everyone is different ..........

Don't give up LOL
  • #81,067
  • Jun 28, 2014 8:37am Jun 28, 2014 8:37am
Quoting Ken A
{quote}Well, technical and target measurement is one thing that's the very basic of price action and making educate guess when and where support or resistance will be broken is another thing. Everyone is different .......... Don't give up LOL
Well again very cryptic answer, sometimes I think you are just making fun of me. LOL! Never thought it was easy though ... I might be complicated with some concepts, but I was not and never will be complacent.
Fix up, trade sharp ...
  • #81,068
  • Jun 28, 2014 8:44am Jun 28, 2014 8:44am
Quoting Ken A
{quote} Told ya I am no guru with big words
It only takes you a view clicks and four hits on the keyboard to be a guru here. Many have already suceeded. I know, that you can too.
Fix up, trade sharp ...
  • #81,069
  • Jun 28, 2014 8:53am Jun 28, 2014 8:53am
Quoting Ken A
{quote} It was never my mission. I am here when bored and to avoid staring at the charts and reading news. My trading style is totally different from others that I can relate to so I am here just posting nonsense
Guess everyone has to find his own style anyway. There is no manual like "do X Y and cash out profit Z". But good point, staring at charts for too long and reading news sometimes triggers bad decisions.
Fix up, trade sharp ...
  • #81,070
  • Jun 28, 2014 9:01am Jun 28, 2014 9:01am
Quoting Ken A
{quote} I have been looking for members who have good sense of current market sentiments .......... but probably they are just too busy making $$$ instead of sharing here ........
Ask me in 2-3 years
Fix up, trade sharp ...
  • #81,071
  • Jun 28, 2014 9:02am Jun 28, 2014 9:02am
Quoting Ken A
{quote} I have been looking for members who have good sense of current market sentiments .......... but probably they are just too busy making $$$ instead of sharing here ........
But people like Gator, Schick, HDA, USD-Bear etc. are always around to ask. You probably just do not need to ask them, so it is all good.
Fix up, trade sharp ...
  • #81,072
  • Jun 28, 2014 9:14am Jun 28, 2014 9:14am
Quoting Ken A
{quote} They are all technical, not that I need others opinion to make trade decision just nice to see someone sharing the market sentiment ...... the correct one not something about kangaroo price would affect A/U rate ......
Yes, they do not care about the news that much. You might ask Davit, he is trading fundamentally, but for some reason there must have been an issue in the past.
Fix up, trade sharp ...
  • #81,073
  • Jun 28, 2014 9:20am Jun 28, 2014 9:20am
Quoting Hickson
{quote} But people like Gator, Schick, HDA, USD-Bear etc. are always around to ask. You probably just do not need to ask them, so it is all good.
Dont wanna be in a way of those guys, but honestly...never met a person as good as Ken and im reading lots of pages around here..constant fooking constant.

Ken, whots your problem?
________________________

Hm, I guess I found you!

Inserted Video
  • #81,074
  • Jun 28, 2014 9:22am Jun 28, 2014 9:22am
John I just finished watching MotoGP Assen
  • #81,075
  • Jun 28, 2014 9:22am Jun 28, 2014 9:22am
u are millitary equipt rite, surely must be cus of those milzz and cus of sweeet honey flowing around

oouuh the theoriezz..I could be that guy to say the least
  • #81,076
  • Jun 28, 2014 9:23am Jun 28, 2014 9:23am
Quoting Ken A
Well, in the long run not difficult to spot who got the good "feel" of markets from those just regurgitating what they read...... or just ego boosting ...... and theories ....
Right, not difficult to see who is only here for ego boosting.
Fix up, trade sharp ...
  • #81,077
  • Jun 28, 2014 9:25am Jun 28, 2014 9:25am
Quoting Ken A
John I just finished watching MotoGP Assen
Dovizioso made a good run
The spaniard is awesome
getting a bit boring dont you think
  • #81,078
  • Jun 28, 2014 9:26am Jun 28, 2014 9:26am
I have fun seeing how close Ken, nealpak and myself are given the variance of our methods...

When it comes to methods, it really comes down to figuring out what makes sense to you and it takes time to do. I've said for years in many different contexts, whether it be business, life, or trading that regardless of what you do that you wish to be a success at, you'll have to "pass through the fire". Winners at anything embrace this period. Losers back off their dreams during this period. ...it's the period where the work is the hardest and the reward seems low.

We're all humans and wired differently. Whatever you're reading/watching or whoever's trading style you're listening to, don't be too quick to completely discount someone else's style. In doing so, it's highly probable that you'll completely miss something that could benefit your style greatly. There are so many who pass through this forum that automatically go into "bash mode" on someone else's strategy. Conversely, they totally miss something about the strategy that could be a missing link that causes their own trading to greatly improve.

Also don't be dismayed by someone's questions about your own system. My system has developed because of others questioning and causing me to take a closer look at specific areas...not because I refused to entertain what initially seemed to be negative inquiries.
"Holy Grail" exists - accepting where is the first step.
  • #81,079
  • Jun 28, 2014 11:49am Jun 28, 2014 11:49am
Given the fact

  1. the latest US Q1 GDP disappointment could NOT push AU for a new high
  2. AU is at its highest price zone in 2014

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-6-28 9-20-48.png Size: 40 KB

​I suspect the investors are quite nervous on what will be released on next week's RBA rate statement.

Here is the complete analysis on my thread
http://www.forexfactory.com/showthre...72#post7568172
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #81,080
  • Jun 28, 2014 4:21pm Jun 28, 2014 4:21pm
Quoting FXSayWhat
Given the fact the latest US Q1 GDP disappointment could NOT push AU for a new high AU is at its highest price zone in 2014 {image} ​I suspect the investors are quite nervous on what will be released on next week's RBA rate statement. Here is the complete analysis on my thread http://www.forexfactory.com/showthre...72#post7568172
interest rate on Tuesday NOW that is interesting will they put them up and follow NZ lead
people leave, but this thread will go on for ever
84 traders viewing now