Attachments: AUD/USD

AUD/USD

#85,281
Oct 19, 2014 7:14am Oct 19, 2014 7:14am

momochi
| Joined Aug 2013 | Status: eating smarties | 499 Posts

i find the repeating PA here on the weekly very interesting.

http://i.imgur.com/m9Seyg9.jpg

Do what's right for you

#85,282
Oct 19, 2014 7:17am Oct 19, 2014 7:17am

momochi
| Joined Aug 2013 | Status: eating smarties | 499 Posts

my prediction another week of consolidation and a spike up a little green weekly close and then a drop down to the trend channel line - predictions are fun, but i will obviously trade what is happening at the time.

Do what's right for you

#85,283
Oct 19, 2014 7:50am Oct 19, 2014 7:50am

Patron
| Joined May 2014 | Status: Trader | 2,733 Posts

AUDUSD H4
I see nothing easier, trading this pair at the moment.

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Donde hay Patron no manda Marinero

#85,284
Oct 19, 2014 7:59am Oct 19, 2014 7:59am

Patron
| Joined May 2014 | Status: Trader | 2,733 Posts

Quoting Patron

Disliked

AUDUSD H4 I see nothing easier, trading this pair at the moment. {image}

Ignored

AUDUSD Daily
If I were to choose, surely seek 38.2% fibo of the last wave down.

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Donde hay Patron no manda Marinero

#85,285
Oct 19, 2014 10:53am Oct 19, 2014 10:53am

MrTrend
| Joined Sep 2014 | Status: Trader | 2 Posts

AUDUSD will continue lower - shorting below the 50 day breakout, same with most USD pairs.

#85,286
Oct 19, 2014 2:39pm Oct 19, 2014 2:39pm

roger44
Joined Sep 2014 | Status: Trader | 4,176 Posts

I have just read a news.
https://nz.finance.yahoo.com/news/st...203520531.html

It wrote :
~
Westpac senior market strategist in Wellington, Imre Speizer, said appetite for riskier assets like the Australian dollar and equities improved for the second consecutive day during the offshore session on Friday.

"The Australian dollar remained in consolidation mode, trading between 87.36 US cents and 88.12 cents."
~

#85,287
Oct 19, 2014 4:31pm Oct 19, 2014 4:31pm

benaiah
Joined Jul 2013 | Status: Trader | 2,059 Posts

Looks like we may go back and test 8803 again...

#85,288
Oct 19, 2014 4:46pm Oct 19, 2014 4:46pm

shivam332
| Commercial User | Joined Jul 2013 | 441 Posts

Quoting Patron

Disliked

AUDUSD H4 I see nothing easier, trading this pair at the moment. {image}

Ignored

I agree with you.
H4 very choppy

Better wait for breakout.

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Money never sleeps I can hear the dollar calling me

#85,289
Oct 19, 2014 4:51pm Oct 19, 2014 4:51pm

benaiah
Joined Jul 2013 | Status: Trader | 2,059 Posts

As long as it stays above the gap, near term should be bullish, but if it falls through the gap, then perhaps a fall to 8703 area...

#85,290
Oct 19, 2014 5:06pm Oct 19, 2014 5:06pm

benaiah
Joined Jul 2013 | Status: Trader | 2,059 Posts

Should be a nice 80-100 pip trade if your into things like that

Should go one way or the other. So, if you're wrong, just jump in the other direction

#85,291
Oct 19, 2014 5:12pm Oct 19, 2014 5:12pm

shivam332
| Commercial User | Joined Jul 2013 | 441 Posts

Quoting benaiah

Disliked

Should be a nice 80-100 pip trade if your into things like that Should go one way or the other. So, if you're wrong, just jump in the other direction

Ignored

You're right, haha. This pair is ranging between 100-200 pips at the moment, really confusing for me

Money never sleeps I can hear the dollar calling me

#85,292
Oct 19, 2014 5:30pm Oct 19, 2014 5:30pm

benaiah
Joined Jul 2013 | Status: Trader | 2,059 Posts

shivam332, are you trading H4 and above then, and waiting for the breakout? Should be nice one when it does happen. Really looking bullish to me long-term right now...

As far as this week, it looks to me that we'll have 8703 and 8803 areas as the general boundaries. Use them as targets, trade away from the gap. If price is at one of those price points, then the gap is the target.

A good breakout above 8803 or below 8703 would change this outlook...

#85,293
Oct 19, 2014 5:37pm Oct 19, 2014 5:37pm

shivam332
| Commercial User | Joined Jul 2013 | 441 Posts

Quoting benaiah

Disliked

shivam332, are you trading H4 and above then, and waiting for the breakout? Should be nice one when it does happen. Really looking bullish to me long-term right now... As far as this week, it looks to me that we'll have 8703 and 8803 areas as the general boundaries. Use them as targets, trade away from the gap. If price is at one of those price points, then the gap is the target. A good breakout above 8803 or below 8703 would change this outlook...

Ignored

Yes, and I have also noticed that whenever the price was at this levels the market is confusing but I'd still buy at this levels with target of 9500 but better I'll wait for the breakout

Money never sleeps I can hear the dollar calling me

#85,294
Oct 19, 2014 5:37pm Oct 19, 2014 5:37pm

benaiah
Joined Jul 2013 | Status: Trader | 2,059 Posts

Above is assuming entering/exiting trades on M15. Time frames higher than that might not offer very good R:R and fewer signals...

#85,295
Oct 19, 2014 5:39pm Oct 19, 2014 5:39pm

benaiah
Joined Jul 2013 | Status: Trader | 2,059 Posts

Quoting shivam332

Disliked

{quote} Yes, and I have also noticed that whenever the price was at this levels the market is confusing but I'd still buy at this levels with target of 9500 but better I'll wait for the breakout

Ignored

That target is a lotta pips

Maybe you can teach me to have that much patience

#85,296
Oct 19, 2014 5:42pm Oct 19, 2014 5:42pm

shivam332
| Commercial User | Joined Jul 2013 | 441 Posts

Quoting benaiah

Disliked

{quote} That target is a lotta pips Maybe you can teach me to have that much patience

Ignored

Yeah, I do meditation everyday, it gives me stable mind, and I can control my mind when everyone is shacking with market

Money never sleeps I can hear the dollar calling me

#85,297
Oct 19, 2014 6:01pm Oct 19, 2014 6:01pm

benaiah
Joined Jul 2013 | Status: Trader | 2,059 Posts

Quoting benaiah

Disliked

Should be a nice 80-100 pip trade if your into things like that Should go one way or the other. So, if you're wrong, just jump in the other direction

Ignored

Guess I need to brush up on my math, as it is 50 pip trade from the gap to either target. But if you get in from either target and it makes it back all the way, then 100 pips or so...

#85,298
Oct 19, 2014 6:03pm Oct 19, 2014 6:03pm

shivam332
| Commercial User | Joined Jul 2013 | 441 Posts

Quoting benaiah

Disliked

{quote} Guess I need to brush up on my math, as it is 50 pip trade from the gap to either target. But if you get in from either target and it makes it back all the way, then 100 pips or so...

Ignored