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EUR/AUD

  • #1,561
  • Edited 7:49am Apr 4, 2015 7:30am | Edited 7:49am
Quoting danndc
{quote} hi, how did you calculate that the pair was going towards 1.4390? where did you get this number from?
Was working on the Fibonacci extension ratio of wave iii = 161.82% x wave i towards 1.4390.
Now wave evolved & working on the minor waves, that wave (iii) = 161.82% x wave (i) extending further towards 1.4544.
And of course, price seldom change trend exactly @161.82%, rather a frequent area for pay attention to.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1 4Ar15.png Size: 37 KB
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  • #1,562
  • Apr 4, 2015 12:26pm Apr 4, 2015 12:26pm
Quoting skyhok
{quote} Was working on the Fibonacci extension ratio of wave iii = 161.82% x wave i towards 1.4390. Now wave evolved & working on the minor waves, that wave (iii) = 161.82% x wave (i) extending further towards 1.4544. And of course, price seldom change trend exactly @161.82%, rather a frequent area for pay attention to. {image}
thanks for explaining, so what do you think? it going to go up?

i see an hanging man in daily chart, so it should mean a trand change, but my concern is about a possible RBA cut
  • #1,563
  • Edited 9:54pm Apr 4, 2015 9:40pm | Edited 9:54pm
Quoting danndc
{quote} thanks for explaining, so what do you think? it going to go up? i see an hanging man in daily chart, so it should mean a trand change, but my concern is about a possible RBA cut
Markets move regardless of what 'I' think or any individual's, but some technical is there for your final trading decision.
Elliott Wave for optimum entry, exit and risk management of trades
  • #1,564
  • Apr 5, 2015 12:29am Apr 5, 2015 12:29am
Quoting danndc
{quote} thanks for explaining, so what do you think? it going to go up? i see an hanging man in daily chart, so it should mean a trand change, but my concern is about a possible RBA cut
absolutely. responsible trader is always concerned about anything and everything properly applied in technical analysis.
The Market pays you to be disciplined
  • #1,565
  • Apr 5, 2015 2:00am Apr 5, 2015 2:00am
Quoting skyhok
{quote} Markets move regardless of what 'I' think or any individual's, but some technical is there for your final trading decision.
i am just asking for an advise
  • #1,566
  • Apr 5, 2015 2:13am Apr 5, 2015 2:13am
next target will be 1.4470 if 1.4392 resistance is break
  • #1,567
  • Apr 5, 2015 2:41am Apr 5, 2015 2:41am
Quoting mikok730
next target will be 1.4470 if 1.4392 resistance is break
i would like to put a sell order at around the friday's close and a sell just above the thursday's high and a take around 400/500 pips
  • #1,568
  • Apr 5, 2015 3:13am Apr 5, 2015 3:13am
just curious... why do u think it will head down?
  • #1,569
  • Apr 5, 2015 4:01am Apr 5, 2015 4:01am
Quoting danndc
{quote} i would like to put a sell order at around the friday's close and a sell just above the thursday's high and a take around 400/500 pips
Probably a reasonable risk reward with that approach....
Attached Image (click to enlarge)
Click to Enlarge Name: 3_4_15_EUR_AUD.gif Size: 351 KB
  • #1,570
  • Apr 5, 2015 6:08am Apr 5, 2015 6:08am
Quoting belgeran
just curious... why do u think it will head down?
as you can see from the daily chart published by ectoplasm, we are at the TL and we are sitting at the 0.618 of the last movement.

secondly i see an hanging man candle, which means a possible trend change. we need a nice gap down in next day
  • #1,571
  • Apr 5, 2015 7:30am Apr 5, 2015 7:30am
why trend lines like that ?


Quoting ectoplasm
{quote} Probably a reasonable risk reward with that approach.... {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,572
  • Apr 5, 2015 7:39am Apr 5, 2015 7:39am
I mean tls can be unreliable ,but often are very lazy posted ,the tl is there ,I have break ,if I saw massive rejection id think I'm wrong ,
Besides you wont see massive , rejection
I doubt this chart under 14000 this month
Attached Image (click to enlarge)
Click to Enlarge Name: AUD (DFB).png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,573
  • Apr 5, 2015 7:45am Apr 5, 2015 7:45am
Quoting Bones
why trend lines like that ? {quote}
I could ask why not?

On the daily chart the resistance trend line seems valid (by joining price peaks) and the PA is close by. The support trend line forms an apparent falling wedge which ultimately will be bullish for this pair (suggesting accumulation phase). Some indicator divergence supports the thesis and other time frames support the pull back theory but that is the pleasure of the market - only time will tell...

\Did not see your recent update - I believe that PA is unlikely to be under 14xxx much this month either (but a pull back is likely IMO).
  • #1,574
  • Apr 5, 2015 8:13am Apr 5, 2015 8:13am
no you can't your tl is wrong at this time ,I'm not debating it

Quoting ectoplasm
{quote} I could ask why not? On the daily chart the resistance trend line seems valid (by joining price peaks) and the PA is close by. The support trend line forms an apparent falling wedge which ultimately will be bullish for this pair (suggesting accumulation phase). Some indicator divergence supports the thesis and other time frames support the pull back theory but that is the pleasure of the market - only time will tell... \Did not see your recent update - I believe that PA is unlikely to be under 14xxx much this month either (but a pull back...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,575
  • Apr 5, 2015 9:38am Apr 5, 2015 9:38am
Oh my lol

What's the difference of these TL lol


http://www.forexfactory.com/attachme...1&d=1428224437

http://www.forexfactory.com/attachme...1&d=1428237518
  • #1,576
  • Apr 5, 2015 10:03am Apr 5, 2015 10:03am
well respected tl ,its altered to hold price ,

Quoting Ken A
Oh my lol What's the difference of these TL lol {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,577
  • Apr 5, 2015 10:06am Apr 5, 2015 10:06am
I will leave it to other readers to draw their conclusion lol
  • #1,578
  • Apr 5, 2015 10:08am Apr 5, 2015 10:08am
do what you like Ken I don't really care ,i look forward to seeing you actually give something to this forum

Quoting Ken A
I will leave it to other readers to draw their conclusion lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,579
  • Apr 6, 2015 12:54pm Apr 6, 2015 12:54pm
Stopped out on an impulse wave run.
Attached Image (click to enlarge)
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http://www.forexfactory.com/showthre...50#post8185150
Elliott Wave for optimum entry, exit and risk management of trades
  • #1,580
  • Apr 7, 2015 1:51am Apr 7, 2015 1:51am
Quoting skyhok
Stopped out on an impulse wave run. {image} http://www.forexfactory.com/showthre...50#post8185150
Not sure how far this retrace will run but guess that 1.40x will get a test out.
Attached Image (click to enlarge)
Click to Enlarge Name: 7_4_15_EURAUD_.gif Size: 534 KB
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