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AUD/USD

  • #91,821
  • Sep 8, 2015 9:01pm Sep 8, 2015 9:01pm
Quoting redalert
I'm probably stating the obvious here, but the turn around is correlated to the US stock market going strong people pulling their money from FX into stocks. I always notice when us stock market is strong USD falls. Certainly nothing to do with good news in AU economy. Other ideas? Is this all just technical retraction?
Agree
luck is a loser's excuse
  • #91,822
  • Edited 11:57pm Sep 8, 2015 10:28pm | Edited 11:57pm
Beware of a potential bull trap should there be no further strength today.


Price rejected from trendline. Will add more shorts, aiming for .70.

SL: close above trendline.

Update: I also notice a cup and handle pattern, can't draw freehand on my chart, however, the handle seem to end at .70 (38.2 retracement)

This is not a trade recommendation, just sharing with you guys and hope to learn from you all too.
Attached Image (click to enlarge)
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  • #91,823
  • Sep 9, 2015 2:40am Sep 9, 2015 2:40am
Even after the short-term descending trend-line break, the AUDUSD up-move is likely to be stalled by the 0.7060-70 horizontal resistance area.
Attached Image (click to enlarge)
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  • #91,824
  • Sep 9, 2015 3:28am Sep 9, 2015 3:28am
IMHO - high risk contrarian view...

Has AUDUSD formed a near-term bottom by forming a bullish reversal falling wedge chart-pattern?
Have started accumulating long positions once the pair cleared 0.7020 resistance. Will add to it on follow-up strength above 0.7060-65 resistance.
The minimum upside expected is till 0.7150 level.
Attached Image (click to enlarge)
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  • #91,825
  • Sep 9, 2015 4:08am Sep 9, 2015 4:08am
Attachment

abc
Attached Image (click to enlarge)
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  • #91,826
  • Sep 9, 2015 5:56am Sep 9, 2015 5:56am
No retracement @ BRN?
Don't give up
  • #91,827
  • Sep 9, 2015 11:31am Sep 9, 2015 11:31am
Personally think it is going down from here. There isn't anything the AUS has going for it to bring it up. This was a retracement before going down further. I could see this going to .695
  • #91,828
  • Sep 9, 2015 4:45pm Sep 9, 2015 4:45pm
Took profit, thank u RBNZ!
Shall see PA around .70 to execute nxt trade.


Quoting SkyrEk
Beware of a potential bull trap should there be no further strength today. Price rejected from trendline. Will add more shorts, aiming for .70. SL: close above trendline. Update: I also notice a cup and handle pattern, can't draw freehand on my chart, however, the handle seem to end at .70 (38.2 retracement) This is not a trade recommendation, just sharing with you guys and hope to learn from you all too. {image}
  • #91,829
  • Sep 9, 2015 7:04pm Sep 9, 2015 7:04pm
This is getting easier and easier. Shooting star, just short it!

Again, previous support becomes resistance. 0.705 remains to be capped where bears load up their shorts position. Below 0.7, bears load up more shorts, thus causing price to move aggressively downwards. With that shooting star pattern, it will be further bearish.
Attached Image
The true fact is market doesn't care, risk mgt is important.
  • #91,830
  • Sep 9, 2015 7:12pm Sep 9, 2015 7:12pm
My sell came good. Thanks NZ.
  • #91,831
  • Sep 9, 2015 8:48pm Sep 9, 2015 8:48pm
Will AUD rebound to 0.72xx ?
Market is very unpredictable...
  • #91,832
  • Sep 9, 2015 9:54pm Sep 9, 2015 9:54pm
Large bullish 4hr pin bar forming.

Be ready with longs if you wanna make $.

Lots of it!
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 71 KB
  • #91,833
  • Sep 9, 2015 9:56pm Sep 9, 2015 9:56pm
Quoting SkyrEk
Large bullish 4hr pin bar forming. Be ready with longs if you wanna make $. Lots of it! {image}
Yep.....got a nice 50 pip move from down below ! Plus thats a good signal and right on a support UP UP and AWAY we go

More to come !
  • #91,834
  • Sep 9, 2015 10:01pm Sep 9, 2015 10:01pm
Quoting Lionheartfx1
{quote} Yep.....got a nice 50 pip move from down below ! Plus thats a good signal and right on a support UP UP and AWAY we go More to come !

Likewise for myself, bag the 50pips down movement and i am heavily long now.

Happy bagging more pips!

Cheers!
  • #91,835
  • Sep 9, 2015 10:21pm Sep 9, 2015 10:21pm
Quoting Ssm
This is getting easier and easier. Shooting star, just short it!
Yes, trading is so easy
  • #91,836
  • Sep 10, 2015 3:06am Sep 10, 2015 3:06am
Quoting SkyrEk
Large bullish 4hr pin bar forming. Be ready with longs if you wanna make $. Lots of it! {image}
got out at .7090.
90 pips. Enough $ for the week.

Have a good weekend guys!
  • #91,837
  • Sep 10, 2015 3:12am Sep 10, 2015 3:12am
very hard currency
  • #91,838
  • Sep 10, 2015 3:12am Sep 10, 2015 3:12am
Quoting SkyrEk
{quote} got out at .7090. 90 pips. Enough $ for the week. Have a good weekend guys!
Congrats.

Im out to...bagged 100 pips on this sucker and got some nice longs on NZDUSD as well.
  • #91,839
  • Sep 10, 2015 3:19am Sep 10, 2015 3:19am
Quoting Lionheartfx1
{quote} Congrats. Im out to...bagged 100 pips on this sucker and got some nice longs on NZDUSD as well.
Nice one mate!

Let's enjoy our profits well. We deserve this reward!
  • #91,840
  • Sep 10, 2015 3:27am Sep 10, 2015 3:27am
Quoting SkyrEk
{quote} got out at .7090. 90 pips. Enough $ for the week. Have a good weekend guys!
I'm out too! Bagged 50pips but it's enough for now. Let's see if if can break immediate resistance
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