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AUD/USD

  • #93,661
  • Nov 22, 2015 11:32pm Nov 22, 2015 11:32pm
Quoting dab
{quote} 2 big calls in my opinion (that 7150 won't break) and that it will be flat for 2 days. As I mentioned to lashdown though, I'm not great at short term price direction so certainly not trying to criticise anyone who does make predictions.
I am not thinking that it will go flat. I think later of this day it will break 7150 or go up again around 7220.
Today's Fed Announcement news may create big impact on the market.
  • #93,662
  • Nov 22, 2015 11:38pm Nov 22, 2015 11:38pm
Certainly not helping the Ozzie
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Pride always comes before destruction.... -Proverbs 16:18
  • #93,663
  • Nov 22, 2015 11:42pm Nov 22, 2015 11:42pm
I only trade AUD after bad news in the Asian session. Wait for major news and put it against the USD if it has good strength(if you know how to determine that part) - even better against another Asian market pair after good news. AUD is commodity based - best trade while oil and commodities are in an up trend. If you don't follow these type of fundamentals technical analysis is not enough and you will get destroyed. AUD tends to be strongest after good news in the Asian session - that's the key
  • #93,664
  • Nov 23, 2015 12:06am Nov 23, 2015 12:06am
Quoting itmehedi
{quote} I am not thinking that it will go flat. I think later of this day it will break 7150 or go up again around 7220. Today's Fed Announcement news may create big impact on the market.
I expect they are the most likely scenarios.
Hope for the best, prepare for the worst.
  • #93,665
  • Nov 23, 2015 12:31am Nov 23, 2015 12:31am
Quoting lashdown
{quote} Yeah - I'm starting to think it was foolish for me to back out, oh well, live and learn, right? That is true, but over the last few days the USD hasn't affected the AUD as much as others, and could just be a rectification of that. Even on the daily chart, the downtrend hasn't really been broken. I agree that over the week, I imagine it will drop - but pretty skeptical about where it is going in the meantime. The next 12 hours will be telling.
Good points. I also realised I said a stop at 7161 would have been better but meant 7171 so you have a free hit (slippage aside).
Hope for the best, prepare for the worst.
  • #93,666
  • Nov 23, 2015 1:52am Nov 23, 2015 1:52am
Quoting countdown
{quote} here we go ? 72550 will slow it a bit.. maybe next week 72789..
72550 never touch it. but that area works good so far.. let see today if 71860 hold this..If not we will see 70932 again..
GL
do not stand out in the open with gun ;stand in the bushes with knife..
  • #93,667
  • Nov 23, 2015 1:52am Nov 23, 2015 1:52am
BTW today i have no new order for AudUsd because of openin GAP.
GL all.
do not stand out in the open with gun ;stand in the bushes with knife..
  • #93,668
  • Nov 23, 2015 1:55am Nov 23, 2015 1:55am
Just stay short until 69
All posts are my personal opinion
  • #93,669
  • Nov 23, 2015 1:56am Nov 23, 2015 1:56am
For NZDUSD ====>
we hit the first target ( 65658) then see a pullback ..If it keeps staying below this level we will see 64557 coming days..If it goes above it again.. 66760 again be a main target..GL
do not stand out in the open with gun ;stand in the bushes with knife..
  • #93,670
  • Nov 23, 2015 2:02am Nov 23, 2015 2:02am
it's look like to go up again ?
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"Nothing comes easy"
  • #93,671
  • Nov 23, 2015 2:10am Nov 23, 2015 2:10am
Quoting synapsez
it's look like to go up again ? {image}
lol you think using a trendline means it will go up again? might as well just flip a coin..
All posts are my personal opinion
  • #93,672
  • Nov 23, 2015 2:12am Nov 23, 2015 2:12am
I will see a period of consolidation for now, in neutral base currently as the market will await for Fed Announcement. However,what's really new and what does people not know about Fed right now?

Everyone knows that FED is going to hike, possibility of this being priced in before they actually hike in December is possible. Yes, there will be this moment of volatility because no one knows whether to buy or sell the USD. In my humble opinion, when FED hikes, market will sell the USD.

Why?

- Everyone been buying USD, buying USD is like a norm, the average joe is buying the USD as well.
- Fed hikes, how high can USD really go? I will think that "Buy the rumor and sell the fact" will occur.
- Likewise, how low can AUD really go? It reach a period of low levels, didn't manage to stay below .69 for long.

I'm not saying that AUD cannot go even lower, however, at current pricing, i will think they it is a neutral price level whereby RBA will be glad to have AUD fluctuating around these price levels. Of course, i'm not RBA, hence i can only speculate that from PA.

*This is not trade advice nor a trade call*

Cheers!

May all traders here have a profitable week ahead!
  • #93,673
  • Nov 23, 2015 4:07am Nov 23, 2015 4:07am
Quoting SkyrEk
I will see a period of consolidation for now, in neutral base currently as the market will await for Fed Announcement
I had both sell positions on the Aud/Usd and Aud/Jpy from friday and it seems to have stalled in an ascending triangle....Although the weekly trend is bearish , it is due for a pull back/ correction. This pair is going to definitely move violently, limiting exposure will help reduce "unknown" risk to equity. Good luck guys
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  • #93,674
  • Nov 23, 2015 4:29am Nov 23, 2015 4:29am
Quoting dab
{quote} 2 big calls in my opinion (that 7150 won't break) and that it will be flat for 2 days. As I mentioned to lashdown though, I'm not great at short term price direction so certainly not trying to criticise anyone who does make predictions.
I am very sorry, i don't realize that i have made predictions. Actually, i just trying to save bluemail positions, but up to know there even a courtesy post from him.. sigh.. Sorry, will never post any more predictions.
Don't blame the tools. Blame the carpenter.
  • #93,675
  • Nov 23, 2015 5:41am Nov 23, 2015 5:41am
Quoting KecoaKecil
{quote} I am very sorry, i don't realize that i have made predictions. Actually, i just trying to save bluemail positions, but up to know there even a courtesy post from him.. sigh.. Sorry, will never post any more predictions.
I think your advice to bluemail was generally good. You can make as many predictions as you like & don't need my or anyone else's permission. Just know that when posting on ff you will get feedback.
Hope for the best, prepare for the worst.
  • #93,676
  • Nov 23, 2015 6:48am Nov 23, 2015 6:48am
Quoting IveGotQuads
{quote} I had both sell positions on the Aud/Usd and Aud/Jpy from friday and it seems to have stalled in an ascending triangle....Although the weekly trend is bearish , it is due for a pull back/ correction. This pair is going to definitely move violently, limiting exposure will help reduce "unknown" risk to equity. Good luck guys {image}
Hi mate,

I guess by now, it broke out of your ascending triangle to the upside. Agree with you that it is due for a correction. Question will be, how high?
  • #93,677
  • Nov 23, 2015 7:27am Nov 23, 2015 7:27am
Quoting SkyrEk
{quote} Hi mate, I guess by now, it broke out of your ascending triangle to the upside. Agree with you that it is due for a correction. Question will be, how high?
Probably about 360 -400 pip correction based on the weeklies might be around 1500/1700 pips on the monthlies. Really no one knows...My plan is to buy this on the breakout / pull back at 0.7195 with a 20 pip SL. Just watching the pair for now.
  • #93,678
  • Nov 23, 2015 7:34am Nov 23, 2015 7:34am
GBP/AUD 1h : Bought @ 2.10200, 2.10380 SL : 2.09600 (1st) TP : 2.12150 (2nd) TP : Open
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  • #93,679
  • Nov 23, 2015 7:52am Nov 23, 2015 7:52am
In retrospect that ascending triangle was seen by everyone even the big boys, so no surprise when price was moved there to that liquidity zone to sell to all those buy orders. This confirms the downward trend for now...very dangerous pair to trade at this time with no confirmed direction and whipsaws. Patience is the key
  • #93,680
  • Nov 24, 2015 2:03am Nov 24, 2015 2:03am
AudUsd ====>
Buy Stop = 72151 / TP = 72308 / SL = 71909
if this order trigger ; open 2* lot Sell Stop = 71909 / TP = 71788 / SL = 72151
GL
do not stand out in the open with gun ;stand in the bushes with knife..
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