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AUD/USD

  • #83,621
  • Aug 6, 2014 9:26pm Aug 6, 2014 9:26pm
OK, I was wrong killed -10 pips

Let it settles and still looking to sell EUR buy AUD

X Make or break

Attached Image
  • #83,622
  • Aug 6, 2014 9:29pm Aug 6, 2014 9:29pm
If break 9270 we go down to 92 30-20
  • #83,623
  • Aug 6, 2014 9:31pm Aug 6, 2014 9:31pm
Quoting Ken A
OK, I was wrong killed -10 pips Let it settles and still looking to sell EUR buy AUD
dont get so excited , it's a common mistake among traders when they make fast profit based on lucky fundies
Get Rich or Die Tryin
  • #83,624
  • Aug 6, 2014 9:32pm Aug 6, 2014 9:32pm
Quoting Ken A
OK, I was wrong killed -10 pips Let it settles and still looking to sell EUR buy AUD
the "why is the AUD running like a bull with such bad jobs data" is coming...you know it is...it always happens this way!!
"Holy Grail" exists - accepting where is the first step.
  • #83,625
  • Edited 9:43pm Aug 6, 2014 9:32pm | Edited 9:43pm
Ok here's a picture of Aussie currently. It is very important to view it through the MTF lens... although I am not here to talk about that.

It does look pretty bearish to me still, although it is due for a quick/sharp bounce higher, it will not last and will eventually fade so it's not a bad idea to continue to sell the peaks. I would not even think about buying this pair just yet (unless it is intentionally a quick scalp perhaps for the next few hours at most but that's it).

I wouldn't be surprised if A/U hit 0.92, but let me clear that I am not suggesting a move like that would happen overnight, or in any fashion similar to this last move (due to Aussie data).

Attached Image (click to enlarge)
Click to Enlarge Name: Aussie.jpg Size: 772 KB
Please check out my blog at https://from-zero-to-hero . net
  • #83,626
  • Aug 6, 2014 9:34pm Aug 6, 2014 9:34pm
Quoting Ken A
OK, I was wrong killed -10 pips Let it settles and still looking to sell EUR buy AUD
I can see this continue to fall without looking back. If USD is in the AUD then there will be a flow on effect as the other majors strengthen off the back of AUD weakness. I haven't seen this before and am interested to see where it leads.
As the lights go by so too do the shadows move
  • #83,627
  • Aug 6, 2014 9:34pm Aug 6, 2014 9:34pm
Major divergences everywhere on AUD pairs…. if that means anything? Possibly good for the scalpers down here at 85… but that could only be like 5 pips
  • #83,628
  • Aug 6, 2014 9:36pm Aug 6, 2014 9:36pm
Quoting Matts Micro
{quote} I can see this continue to fall without looking back. If USD is in the AUD then there will be a flow on effect as the other majors strengthen off the back of AUD weakness. I haven't seen this before and am interested to see where it leads.
Watching .928x.

Did you follow Kiwi data yesterday?

Attached Image
  • #83,629
  • Aug 6, 2014 9:37pm Aug 6, 2014 9:37pm
Quoting Ken A
OK, I was wrong killed -10 pips Let it settles and still looking to sell EUR buy AUD X Make or break {image}

Don't know how you trade news so well, Ken. For me it's a lot easier after the news and countering it when finding some clues… even then it's not easy
  • #83,630
  • Aug 6, 2014 9:38pm Aug 6, 2014 9:38pm
Please see my post above with screenshot if you haven't read it already. I honestly don't care (no offense to anyone - that is not my intention) about the fundamentals, although I am trying to care more and more... lol. I don't care what all the AUD crosses are doing. The only thing I personally care about is the technicals. Now I have posted my thoughts above for AUD/USD and let's see some commentary on that. Although I'm not trading this pair, I have suggested that it still seems bearish. Do you guys agree?
Please check out my blog at https://from-zero-to-hero . net
  • #83,631
  • Aug 6, 2014 9:40pm Aug 6, 2014 9:40pm
Quoting VaBikePacker
{quote} the "why is the AUD running like a bull with such bad jobs data" is coming...you know it is...it always happens this way!!
Yeah the # are quite bad. Watching .928x if being bid again ...........
  • #83,632
  • Aug 6, 2014 9:41pm Aug 6, 2014 9:41pm
Quoting smash1820
Ok here's a picture of Aussie currently. It is very important to view it through the MTF lens... although I am not here to talk about that. It does look pretty bearish to me still, although it is due for a quick/sharp bounce higher, it will not last and will eventually fade so it's not a bad idea to continue to sell the peaks. I would not even think about buying this pair just yet (unless it is intentionally a quick scalp perhaps for the next few hours at most but that's it). {image}

Definitely looks bearish… but the potential for reversal is here. Not completely.. but partial, short term.
  • #83,633
  • Aug 6, 2014 9:42pm Aug 6, 2014 9:42pm
Quoting Ck87
{quote} Don't know how you trade news so well, Ken. For me it's a lot easier after the news and countering it when finding some clues… even then it's not easy
Either I get kicked out with few pips or rewarded with more pips
  • #83,634
  • Aug 6, 2014 9:42pm Aug 6, 2014 9:42pm
Quoting Ken A
{quote} Watching .928x. Did you follow Kiwi data yesterday? {image}
Yes watching Daily support TL from here too.

I was behind the 8-ball on Kiwi and todays news too otherwise would have been better prepared. Dam fat finger last night kept me up late, though made pips from the spike which was fun.
As the lights go by so too do the shadows move
  • #83,635
  • Aug 6, 2014 9:43pm Aug 6, 2014 9:43pm
Quoting smash1820
Ok here's a picture of Aussie currently. It is very important to view it through the MTF lens... although I am not here to talk about that. It does look pretty bearish to me still, although it is due for a quick/sharp bounce higher, it will not last and will eventually fade so it's not a bad idea to continue to sell the peaks. I would not even think about buying this pair just yet (unless it is intentionally a quick scalp perhaps for the next few hours at most but that's it). {image}

The technicals on lower time frames after the news has come and the market settles down usually don't lie….
  • #83,636
  • Aug 6, 2014 9:44pm Aug 6, 2014 9:44pm
Quoting Ken A
{quote} Either I get kicked out with few pips or rewarded with more pips
Ya, you honestly amaze me every time on news events.. i've never seen a more brilliant news trader. Gjob
  • #83,637
  • Aug 6, 2014 9:47pm Aug 6, 2014 9:47pm
Quoting Ck87
The technicals on lower time frames after the news has come and the market settles down usually don't lie….
Right now the technicals actually say to BUY AUD/USD, it's just that I am afraid it won't last. So I'll pass.
Please check out my blog at https://from-zero-to-hero . net
  • #83,638
  • Aug 6, 2014 9:47pm Aug 6, 2014 9:47pm
Quoting Matts Micro
{quote} Yes watching Daily support TL from here too. I was behind the 8-ball on Kiwi and todays news too otherwise would have been better prepared. Dam fat finger last night kept me up late, though made pips from the spike which was fun.
What I am trying to say is, quite possible AUD will follow Kiwi being bid up again after bad employment data yesterday - time will tell.

Did you on EU thread during US session? I was posting there.
  • #83,639
  • Aug 6, 2014 9:50pm Aug 6, 2014 9:50pm
Quoting smash1820
{quote} Right now the technicals actually say to BUY AUD/USD, it's just that I am afraid it won't last. So I'll pass.
A technical scalpers paradise once the dust settles….. but it's for 5-20 pip moves mostly.
  • #83,640
  • Aug 6, 2014 9:50pm Aug 6, 2014 9:50pm
Quoting Ken A
{quote} What I am trying to say is, quite possible AUD will follow Kiwi being bid up again after bad employment data yesterday - time will tell. Did you on EU thread during US session? I was posting there.
I saw a couple of your posts but was based in Gold thread. I will look over.
As the lights go by so too do the shadows move
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