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AUD/USD

  • #92,921
  • Oct 21, 2015 2:32am Oct 21, 2015 2:32am
entering long @ 0.7215

TP @ 0.7530
SL @ 0.7100

Tough fight up but im believe in the double bottom created in daily chart.

Daily chart show a higher low and a higher high, sign of reversal

Weekly chart is just bouncing off the trend line but is showing sign of weakness as well as Daily chart is also support the face that bull might be back.

Chasing the price up hard this time.

Good pips too all!
  • #92,922
  • Oct 21, 2015 2:59am Oct 21, 2015 2:59am
be patience.....
  • #92,923
  • Oct 21, 2015 4:00am Oct 21, 2015 4:00am
aud support but ABC should be stated below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD_H4.gif Size: 181 KB
Click to Enlarge Name: AUDUSD_H1.gif Size: 221 KB
  • #92,924
  • Oct 21, 2015 4:19am Oct 21, 2015 4:19am
Quoting Mr.Elliott
be patience.....
Agreed.

Just started my long a few hrs ago and short euraud (cleaned up on euraud)

AUD is on a nice support for a buy, stop loss is about 30 pips, nice R/R, it has not broken 0.72 yet....if it breaks it then I will adjust
accordingly and change direction but my sentiment is still long on this pair.

Just entered a short on GBPAUD, if AUD skyrockets that sucker is gonna drop it like its hot....lets hope......
  • #92,925
  • Oct 21, 2015 6:09am Oct 21, 2015 6:09am
I'll buy only at .7200 or if it breaks back above the trend line now at 7245. Confident we're still looking for more upside unless it goes below 7185. Today was about Chinese stocks being the catalyst apparently. Imo a tipping point still needs to be found to fuel the Bears fully. Let's see where the US session takes it....still got that hunch it'll be back up
  • #92,926
  • Oct 21, 2015 6:27am Oct 21, 2015 6:27am
Quoting ell3
I'll buy only at .7200 or if it breaks back above the trend line now at 7245. Confident we're still looking for more upside unless it goes below 7185. Today was about Chinese stocks being the catalyst apparently. Imo a tipping point still needs to be found to fuel the Bears fully. Let's see where the US session takes it....still got that hunch it'll be back up
Yep....it has already started moving up slowly....I think you are right....
  • #92,927
  • Oct 21, 2015 6:49am Oct 21, 2015 6:49am
The drop today was just to clear all the longs, we might go down again later in the US session but then I think we are going higher to .7500
  • #92,928
  • Oct 21, 2015 7:26am Oct 21, 2015 7:26am
shorting. every bounce up is a great opportunity to sell. targeting below 0.68

good luck everybody.
As Above, So Below
  • #92,929
  • Oct 21, 2015 7:26am Oct 21, 2015 7:26am
Quoting georgemoon
{quote} Long term AUD is going down, everyone knows it everyones predicting it. Why so many people in this thread determined to be bulls and to pick the bottom?
because "everyone" is usually wrong. because price is very cheap.

because price has not corrected substantially as it should. talk to me again at 77+ then ill consider short

it's possible it runs to 71 for the higher low after 6935 double bottom, then its liftoff time
Be hopeful in a winning position, and fearful in a losing position.
  • #92,930
  • Oct 21, 2015 7:28am Oct 21, 2015 7:28am
Quoting tashkent
shorting. every bounce up is a great opportunity to sell. targeting below 0.68 good luck everybody.
yeah. good luck to you too. 70 will hold, i am willing to bet my account on it

actually expecting drop into 71 area but that will hold and it will take off from there.

i wouldn't marry the trade for 68... you are still fighting the monthly morning star.
Be hopeful in a winning position, and fearful in a losing position.
  • #92,931
  • Oct 21, 2015 7:38am Oct 21, 2015 7:38am
Quoting Rag2RichesFX
{quote} yeah. good luck to you too. 70 will hold, i am willing to bet my account on it actually expecting drop into 71 area but that will hold and it will take off from there. i wouldn't marry the trade for 68... you are still fighting the monthly morning star.
i am no prophet, do know what will hold, what will not. just trading the weekly trend. i do not know what monthly morning star means
either i will be taken out at 0.75 or will get my target. no biggie
As Above, So Below
  • #92,932
  • Oct 21, 2015 7:40am Oct 21, 2015 7:40am
Quoting Rag2RichesFX
{quote} yeah. good luck to you too. 70 will hold, i am willing to bet my account on it actually expecting drop into 71 area but that will hold and it will take off from there. i wouldn't marry the trade for 68... you are still fighting the monthly morning star.
be patience......only time will tell.....been LONGs since last week after one position clear-up with profits take-in......

but still.....market will do whatever it want to do...be prepared for any possibilities and plan your exit strategy better than you entry......
  • #92,933
  • Oct 21, 2015 7:46am Oct 21, 2015 7:46am
Quoting Mr.Elliott
{quote} be patience......only time will tell.....been LONGs since last week after one position clear-up with profits take-in...... but still.....market will do whatever it want to do...be prepared for any possibilities and plan your exit strategy better than you entry......
hey, quick question. what is that thing with long multiple dots in between the words? is there a special meaning or something? whatever it is is really annoying
As Above, So Below
  • #92,934
  • Oct 21, 2015 8:03am Oct 21, 2015 8:03am
Quoting tashkent
{quote} hey, quick question. what is that thing with long multiple dots in between the words? is there a special meaning or something? whatever it is is really annoying
did you follow the dots?i did't think that when people reading they should also read the dots.....

not special but right now it made me laugh.....
  • #92,935
  • Oct 21, 2015 8:10am Oct 21, 2015 8:10am
Quoting Mr.Elliott
{quote} did you follow the dots?i did't think that when people reading they should also read the dots..... not special but right now it made me laugh.....
yes, i do read the dots even the spaces in between them
As Above, So Below
  • #92,936
  • Oct 21, 2015 8:15am Oct 21, 2015 8:15am
Quoting tashkent
{quote} i am no prophet, do know what will hold, what will not. just trading the weekly trend. i do not know what monthly morning star means either i will be taken out at 0.75 or will get my target. no biggie
nobody is a prophet, just trading the waves and technical patterns
morning star is a candlestick formation. its a strong bullish reversal.

trade how you want to trade, but i never "wait for target, or wait for stop loss".
if im in profit and i see it reversing, i get out of the trade. if im in a loss and i know it will go to my stop loss, i get out too.

this saves me extra pips
Be hopeful in a winning position, and fearful in a losing position.
  • #92,937
  • Oct 21, 2015 8:25am Oct 21, 2015 8:25am
Quoting Rag2RichesFX
{quote} nobody is a prophet, just trading the waves and technical patterns morning star is a candlestick formation. its a strong bullish reversal. trade how you want to trade, but i never "wait for target, or wait for stop loss". if im in profit and i see it reversing, i get out of the trade. if im in a loss and i know it will go to my stop loss, i get out too. this saves me extra pips
well, fair enough. my strategy is to get as much stop losses as possible, if i have winners, then set stop loss at BE and wait again until the winning positions are taken out. that way i get a few positions which never comes back to BE and running hundreds of pips which cover all the expenses spent to get those positions and plus give a generous profit. i lose most of the time and have the worst win ratio, but i love it
As Above, So Below
  • #92,938
  • Oct 21, 2015 8:30am Oct 21, 2015 8:30am
Quoting actorial
{quote} no doubt the longer term is downtrend. On daily chart, it is a possible uptrend. Atleast till 0.76 range, before the major trend should continue.
agree, and i would like to short near 76/77
Be hopeful in a winning position, and fearful in a losing position.
  • #92,939
  • Oct 21, 2015 8:34am Oct 21, 2015 8:34am
few people on here wonder what morning star is

posting for that reason

this is what we have on AUDUSD monthly chart
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #92,940
  • Oct 21, 2015 9:09am Oct 21, 2015 9:09am
AUDUSD @ 0.7200-0.7220 is the buying zone.

Breaking below will truly be a bearish trend.

Anything stopping above is gonna trigger my click to invest in more long to 0.7600 ( my TP 0.7530 )


First attempt of 0.7200 @ 21/10/2015 1400hours show sign or bull entering and bear exiting.

got to observe further.

0.7200 be the neck line of double bottom from daily chart. neck line value base on 16/09/2015 value @ 0.7200

Im respecting this till its a solid break.
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