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AUD/USD

  • #86,141
  • Oct 29, 2014 11:39pm Oct 29, 2014 11:39pm
0.864x is the lowest point by the end of this year.
  • #86,142
  • Oct 30, 2014 2:05am Oct 30, 2014 2:05am
i know AUD/USD will go up today
don't find the correct answer in market. just feel it and follow the wave.
  • #86,143
  • Oct 30, 2014 6:30am Oct 30, 2014 6:30am
Quoting PoundTrader
this pair is ready to drop down to 0.8650 area so i went short early at 0.8843, s/l 0.8963, t/p 0.8693
im out with 51 pips, on to the next pair, good luck to all
  • #86,144
  • Oct 30, 2014 7:11am Oct 30, 2014 7:11am
Quoting Rtm
{quote} Well look at interest rates! They have been low for so long, no doubt a good run for stock market. It will slow down though dont worry nothing goes on forever.
"the longer things stay the same, the more they need to change"
"Holy Grail" exists - accepting where is the first step.
  • #86,145
  • Edited 7:43am Oct 30, 2014 7:29am | Edited 7:43am
What we witnessed yesterday was the result of fire-cracker or domino effect: There was a huge buy interest for AUDUSD yesterday, however, many buyers placed tide stop loss ranging from 0.88600 to 0.87750. Therefore, when the price dropped market makers were hard at taking all the stop losses.

However, I strongly believe that we are on our way to hit 0.90 and there is no doubt in my mind ( This is my own opinion ).
  • #86,146
  • Edited 8:18am Oct 30, 2014 7:54am | Edited 8:18am
Quoting Fx-opinion
What we witnessed yesterday was the result of fire-cracker or domino effect: There was a huge buy interest for AUDUSD yesterday, however, many buyers placed tide stop loss ranging from 0.88600 to 0.87750. Therefore, when the price dropped market makers were hard at taking all the stop losses. However, I strongly believe that we are on our way to hit 0.90 and there is no doubt in my mind ( This is my own opinion ).
Thanks due) Thank you for Educating and incisive remark on Longs covering avalanche effect - similar to "shorts squeeze" effect - but in Reverse...

1) Agreed on 0.9

2 ) about the part of "No doubt in mind". Doubt everything ( citing Albert E.)

3) IMHO going higher still - 0.92 at the least
Siddhartha G
  • #86,147
  • Oct 30, 2014 7:56am Oct 30, 2014 7:56am
Quoting Isingh
{quote} 1) Agreed on 0.9 2 ) about the part of "No doubt in mind". Doubt everything ( citing Albert E.) 3) IMHO going higher still - 0.92 at the least
  • #86,148
  • Oct 30, 2014 8:41am Oct 30, 2014 8:41am
Learn where to place your stop loss and trade profitably.

K.I.S.S.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8806.jpg Size: 94 KB
Click to Enlarge Name: 88062.jpg Size: 94 KB
  • #86,149
  • Oct 30, 2014 9:01am Oct 30, 2014 9:01am
Quoting KissFan
Learn where to place your stop loss and trade profitably. K.I.S.S. {image} {image}
  • #86,150
  • Oct 30, 2014 9:07am Oct 30, 2014 9:07am
Bulls protecting the 50% retracement level of the range. 50% retracement is always a good place to enter trades with a good R:R whether you are long or short...
  • #86,151
  • Oct 30, 2014 9:23am Oct 30, 2014 9:23am
fresh .8798 long at a "in the game" volume...not afraid to see dips and add to it..
"Holy Grail" exists - accepting where is the first step.
  • #86,152
  • Oct 30, 2014 9:33am Oct 30, 2014 9:33am
Seeing how quickly bulls have piled on at this level, made me look across the range to see, overall, if either has taken control consistently.

If you want to determine when bulls or bears take control in a range, look at who starts taking over at the 50% retracment level. Eventually, it becomes the bottom/top. In this case, I think it is becoming the bottom...

Again, my view/opinion is we will see lower prices eventually. But I think it will go higher first. Look at the chart and see how many daily closes above the 50% level of the range over past 20 days since the overall scope of the range was defined. Who's winning the battle?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 54 KB
  • #86,153
  • Oct 30, 2014 9:45am Oct 30, 2014 9:45am
Quoting VaBikePacker
fresh .8798 long at a "in the game" volume...not afraid to see dips and add to it..
You are safe until .8826 for certain. Hopefully the market will soften up and give you some better long entries.

K.I.S.S.
  • #86,154
  • Oct 30, 2014 9:52am Oct 30, 2014 9:52am
Quoting KissFan
Learn where to place your stop loss and trade profitably. K.I.S.S. {image} {image}
Hey th. !
Please correct me if I'm wrong - but this seems to be a stop-loss hunting executed by some institutional on a retail trader with a stop-loss... i.e. notable loss for the small trader, not profit.

If this interpretation is wrong - please correct and explain.
much obliged
Siddhartha G
  • #86,155
  • Oct 30, 2014 9:56am Oct 30, 2014 9:56am
Quoting VaBikePacker
fresh .8798 long at a "in the game" volume...not afraid to see dips and add to it..
This is the spirit. People, if you want to go long please place logical stops since your broker can see it. The more trades you do the more profit comes into your broker's pocket. They do not care if you make profit or lose money. All they want is you make more trades. This is how they make money and why they love to take your stop loss.
  • #86,156
  • Oct 30, 2014 10:10am Oct 30, 2014 10:10am
Quoting Isingh
{quote} Hey th. ! Please correct me if I'm wrong - but this seems to be a stop-loss hunting executed by some institutional on a retail trader with a stop-loss... i.e. notable loss for the small trader, not profit. If this interpretation is wrong - please correct and explain. much obliged
While I agree with you, I have no evidence to support my belief. What I can say is that I knew that the short phase was over at .8755. There were long phase targets open above my entry and the closest one not obtained was at .8806. This made the .8806 target the safest long trade just before the news. Even though I had a good trade, my best entry was still a good 25 pips above the spike lower. I cant get all of the meat off the bone, just a share of it. I'm ok with that.

K.I.S.S.
  • #86,157
  • Oct 30, 2014 10:20am Oct 30, 2014 10:20am
Gold is down, what about au?
  • #86,158
  • Oct 30, 2014 11:20am Oct 30, 2014 11:20am
Quoting Rtm
Today is start of a new day in the crazy insane market place that is FX. We had a pretty bullish statement come out from the FED signaling its end to it QE3 stimulus package and next big ticket is the interest rate hike for curbing inflation. Until this number actually comes out market is going to try and price in as much as it can especially on high yield pairs like the NZDUSD and AUDUSD. Right now we just taking a breather in consoldation after big push from yesterday. Markets still trying to digest everything and prepare for more USD volatility....
Amen
  • #86,159
  • Oct 30, 2014 11:22am Oct 30, 2014 11:22am
After looking at both the weekly and daily charts and see that the previous move down failed to penetrate support, I am thinking we are headed higher. Maybe the .9000 level?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.PNG Size: 84 KB
Good luck and may the odds be ever in your favor!
  • #86,160
  • Oct 30, 2014 11:26am Oct 30, 2014 11:26am
AUDUSD price is slowly trying to go higher and in my opinion it will hit 0.90. What we long have to learn from yesterday's action is that FOREX trading is full of manipulation by financial institutions, brokers and market makers.
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