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AUD/USD

  • #94,001
  • Dec 4, 2015 9:18am Dec 4, 2015 9:18am
There is also .741 with ma200 daily.
Trust only yourself
  • #94,002
  • Dec 4, 2015 9:18am Dec 4, 2015 9:18am
Quoting tashkent
so quiet here aud just reached 7380, which was short term target for the long side (sell order filled). if does not hold next level 7440
Same here I took it at 73776 but close enough eh.
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  • #94,003
  • Dec 4, 2015 9:20am Dec 4, 2015 9:20am
Correct me if I'm wrong here, folks, but if the US Fed now has a "Green Light" to raise rates, USD should rise, therefore AUD/USD should go down, No?
I don't understand what's happening here.
  • #94,004
  • Dec 4, 2015 9:21am Dec 4, 2015 9:21am
Quoting PipVip
Correct me if I'm wrong here, folks, but if the US Fed now has a "Green Light" to raise rates, USD should rise, therefore AUD/USD should go down, No? I don't understand what's happening here.
f*ing forex is happening.
Trust only yourself
  • #94,005
  • Dec 4, 2015 9:23am Dec 4, 2015 9:23am
Quoting thegmann
{quote} Same here I took it at 73776 but close enough eh. {image}
not too bad
now will keep an eye on 1 h and add or bail out according to pa
As Above, So Below
  • #94,006
  • Dec 4, 2015 9:25am Dec 4, 2015 9:25am
OK that's fine, so you guys just go with price action and disregard fundamentals theory. Right?
  • #94,007
  • Dec 4, 2015 9:25am Dec 4, 2015 9:25am
Quoting PipVip
OK that's fine, so you guys just go with price action and disregard fundamentals theory. Right?
? we're short AU what's not fundamentally sound about that trade? You should NEVER open/have open positions as a retail trader during NFP or any big data event unless your running a very wide SL. Leave it to the professionals to jockey for position and wait for good setups after. The MM are moving price to where they want it and making money both ways they're clearing out stops and weak orders and getting ready for next leg (up or down who knows).
  • #94,008
  • Dec 4, 2015 9:26am Dec 4, 2015 9:26am
Quoting PipVip
Correct me if I'm wrong here, folks, but if the US Fed now has a "Green Light" to raise rates, USD should rise, therefore AUD/USD should go down, No? I don't understand what's happening here.
personally i really do not care what is happening, its all big BS. i prefer just to trade my chart.
As Above, So Below
  • #94,009
  • Dec 4, 2015 9:27am Dec 4, 2015 9:27am
Quoting PipVip
OK that's fine, so you guys just go with price action and disregard fundamentals theory. Right?
exactly. you are either an economist or a trader. rare those who are both.
As Above, So Below
  • #94,010
  • Dec 4, 2015 9:29am Dec 4, 2015 9:29am
The GMan, I agree with being short on fundamentals, but the entire forecasting analyst industry just switched from all shorts to all longs... that's my confusion:
http://www.fxstreet.com/analysis/for...l/?pair=audusd
  • #94,011
  • Dec 4, 2015 9:34am Dec 4, 2015 9:34am
Quoting PipVip
The GMan, I agree with being short on fundamentals, but the entire forecasting analyst industry just switched from all shorts to all longs... that's my confusion: http://www.fxstreet.com/analysis/for...l/?pair=audusd
I don't really look at analysts opinions, they're wrong 60% of the time anyways just look at the ECB EU mayhem the other day. They're maybe short term bullish but even looking at that i'm pretty sure like over 60% of their bullish targets were just met and long term it looks like theyre all projecting .70 or lower across the board.
  • #94,012
  • Dec 4, 2015 9:45am Dec 4, 2015 9:45am
TheGman, you're right - the "Green Bullish" forecast Bars do not match the bearish forecast numbers in the .70 range.

That clears it up. Looks are decieving.
  • #94,013
  • Dec 4, 2015 9:47am Dec 4, 2015 9:47am
Quoting PipVip
TheGman, you're right - the "Green Bullish" forecast Bars do not match the bearish forecast numbers in the .70 range. That clears it up. Looks are decieving.
Ya their "1 week" ends today so some of them were fairly accurate in their forecasting others not so much. Also the reason its saying bullish is because these forecasts were most likely made when price was much lower than it is now so price getting .70 or what have you is bullish in comparison to where price was then vs now.
  • #94,014
  • Dec 4, 2015 10:03am Dec 4, 2015 10:03am
Quoting tashkent
{quote} not too bad now will keep an eye on 1 h and add or bail out according to pa
1hr looked like nice close put stop to BE and im out of here.
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  • #94,015
  • Dec 4, 2015 10:17am Dec 4, 2015 10:17am
Maybe thats why.
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Trust only yourself
  • #94,016
  • Dec 4, 2015 10:25am Dec 4, 2015 10:25am
Quoting thegmann
{quote} 1hr looked like nice close put stop to BE and im out of here. {image}
i am not done yet, probably it will attempt to take the high, i wan to milk it more. good luck!
As Above, So Below
  • #94,017
  • Dec 4, 2015 10:33am Dec 4, 2015 10:33am
Quoting tashkent
{quote} i am not done yet, probably it will attempt to take the high, i wan to milk it more. good luck!
GL I closed mine out for +20 I think it will also go higher
  • #94,018
  • Dec 4, 2015 10:58am Dec 4, 2015 10:58am
it did not want to go higher, i have no issues with that, added 2 more shorts
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As Above, So Below
  • #94,019
  • Dec 4, 2015 2:56pm Dec 4, 2015 2:56pm
CFTC positioning non-Commercials as at 01-Dec-15:

Long 48,063 (+ app. 2,000)
Short 94,711 (- app. 8,500)

So non-Commercials still net short app. -46,000 but decreasing from last week when they were short app. -56,000 and from the extreme short positioning several weeks back.

regards,
  • #94,020
  • Dec 4, 2015 4:28pm Dec 4, 2015 4:28pm
Quoting PipVip
The GMan, I agree with being short on fundamentals, but the entire forecasting analyst industry just switched from all shorts to all longs... that's my confusion: http://www.fxstreet.com/analysis/for...l/?pair=audusd
IF you subscribe to market manipulation theories (I try not to get bogged down in that sort of stuff) then my guess would be MMs try to confuse the weak participants so the weak lose. Try to focus on both the forest and the trees so to speak.
Hope for the best, prepare for the worst.
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