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AUD/USD

  • #94,421
  • Dec 31, 2015 1:47am Dec 31, 2015 1:47am
Quoting forexsaint
{quote} yea was busy with year end stuff...holidays etc....just (2 wks back)filled in a smallaccount..400$ this time (more than the usual 100$ ones) and loaded up some commo currencies (barring cad)... account worked out cool Even didnt get time to update the thread these last 2 weeks..will update there too yea...~210 $/pip on a 2.5k acc does look nice when moves good with bias direction (and awful when opposite..LOL) Kiwi looks capped for some time (though was a relatively better trade from last 2 days), AUDNZD can retrace up (or even run)...
From $14k to $6K in less than 24 hours... Once again you proved it... lol...
Losers Hope, Winners Believe
  • #94,422
  • Dec 31, 2015 3:37am Dec 31, 2015 3:37am
Quoting Jugoslavija
{quote} You have divergence on that map alright.But this is not what you think.Look closer and you will see pullback divergence in RSI.This market is in a hurry and is about to accelerate. Fibo levels mean nothing if you don't use EW correctly.
It seems that market is about to accelerate today or first working day in January.RSI pullback divergences are very beautiful on H4 and it seems we just had series of 1-2-1-2 waves with strong 3. wave ahead of us.Unfortunately,if this is not the case and market starts sharp pullback right now,than point of ruin of bullish scenario is 7207.I adjusted my SL accordingly.If we get there it could be considered sell signal,but we are not there yet.I also raised my provisional TP because if third impulse wave is starting,200 DMA will be broken and we will go much higher.
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  • #94,423
  • Dec 31, 2015 6:31am Dec 31, 2015 6:31am
Quoting tashkent
{quote} see you at 7330 and then possibly 7380.
it almost kissed the 7330. reached 7328. what is next. sure, a bounce.
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As Above, So Below
  • #94,424
  • Dec 31, 2015 6:36am Dec 31, 2015 6:36am
Quoting Shiv999
{quote} From $14k to $6K in less than 24 hours... Once again you proved it... lol...
i am seeing from $400 to $10 000. even $6 000 out of $400 is something you will never achieve in your life with that mindset. different people play at different levels. if you can't understand them, this does not make their methods wrong.
As Above, So Below
  • #94,425
  • Dec 31, 2015 6:47am Dec 31, 2015 6:47am
Quoting tashkent
{quote} i am seeing from $400 to $10 000. even $6 000 out of $400 is something you will never achieve in your life with that mindset. different people play at different levels. if you can't understand them, this does not make their methods wrong.
Just because one can turn $100s into $1000s does not make them the best trader (Though you can say he/she is a good trader), what makes them the best trader is applying basic rule of trading i.e Constant profit booking.. Never mind, it is outta of your reach because you seem to be too influenced by the deceptive trading...

And 1 more thing, You have know idea what I have achieved and what I am capable of achieving.. So never Mind.. Keep throwing that shit...
Losers Hope, Winners Believe
  • #94,426
  • Dec 31, 2015 7:19am Dec 31, 2015 7:19am
Quoting Shiv999
{quote} Just because one can turn $100s into $1000s does not make them the best trader (Though you can say he/she is a good trader), what makes them the best trader is applying basic rule of trading i.e Constant profit booking.. Never mind, it is outta of your reach because you seem to be too influenced by the deceptive trading... And 1 more thing, You have know idea what I have achieved and what I am capable of achieving.. So never Mind.. Keep throwing that shit...
oh so i hurt your little feelings judging from the bold words of yours?
just mind your own business and you will have no problems.
Happy New Year.
As Above, So Below
  • #94,427
  • Dec 31, 2015 7:25am Dec 31, 2015 7:25am
Quoting tashkent
{quote} oh so i hurt your little feelings judging from the bold words of yours? just mind your own business and you will have no problems. Happy New Year.
Sorry dude but strangers have no ability whatsoever to hurt my feelings, so get over it....

And 1 more thing, I have and I ALWAYS WILL post WHATEVER I feel, Neither you nor anyone else can stop me because I did not abuse anyone nor I ever said he is a bad trader... Just expressed my views by observing his trading.

Happy new year to you too..
Losers Hope, Winners Believe
  • #94,428
  • Dec 31, 2015 7:26am Dec 31, 2015 7:26am
Quoting Shiv999
{quote} Sorry dude but strangers have no ability whatsoever to hurt my feelings, so get over it.... And 1 more thing, I have and I ALWAYS WILL post WHATEVER I feel, Neither you nor anyone else can stop me because I did not abuse anyone nor I ever said he is a bad trader... Just expressed my views by observing his trading. Happy new year to you too..
keep doing the brilliant job
happy pipping.
As Above, So Below
  • #94,429
  • Dec 31, 2015 7:35am Dec 31, 2015 7:35am
Quoting tashkent
{quote} keep doing the brilliant job happy pipping.
You too keep up with your job of Vouching for others
Losers Hope, Winners Believe
  • #94,430
  • Dec 31, 2015 9:09am Dec 31, 2015 9:09am
looks like set to break the high. it is just waiting for other ladies to pick up against the usd
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As Above, So Below
  • #94,431
  • Dec 31, 2015 10:09am Dec 31, 2015 10:09am
Closed my trade at 7280.Pullback was too brutal.
  • #94,432
  • Dec 31, 2015 10:23am Dec 31, 2015 10:23am
all ladies failed big time and dragged the au down. could be the start of the trend reversal. watch how price will behave around 7300 and above
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As Above, So Below
  • #94,433
  • Dec 31, 2015 11:06am Dec 31, 2015 11:06am
Quoting tashkent
all ladies failed big time and dragged the au down. could be the start of the trend reversal. watch how price will behave around 7300 and above {image}
There is a minor possibility that we had expanding horizontal triangle consolidation and we just witnessed last E wave down.But price should reclaim 7325 soon and continue like crazy.
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  • #94,434
  • Edited 12:19pm Dec 31, 2015 11:13am | Edited 12:19pm
Quoting Jugoslavija
{quote} There is a minor possibility that we had expanding horizontal triangle consolidation and we just witnessed last E wave down.But price should reclaim 7325 soon and continue like crazy. {image}
possible. if today close above 7300, there will be still chance. but that bearish move messed up everything. this is a situation where longs should be placed around today's lows or never. any longs around 7320 carry greater risk
As Above, So Below
  • #94,435
  • Dec 31, 2015 12:03pm Dec 31, 2015 12:03pm
I have buy stop order at 7325.50% bigger than original which I closed.
  • #94,436
  • Edited 12:36pm Dec 31, 2015 12:18pm | Edited 12:36pm
Quoting tashkent
{quote} possible. if today close above 7300, there will be still chance. but that bearish move messed up everything. this is a situation where longs should be placed around today's lows or never. any longs around 7320 carry greater risk {image}
testing the water
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As Above, So Below
  • #94,437
  • Dec 31, 2015 7:33pm Dec 31, 2015 7:33pm
don't AUDUSD going to bearish
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  • #94,438
  • Edited 2:50pm Jan 1, 2016 2:40pm | Edited 2:50pm
Quoting Jugoslavija
I have buy stop order at 7325.50% bigger than original which I closed.
That's exactly where my sell to add 1 more lot short was

I see the Aud ranging from .73 - .70 over the last few months.

Sure there is potential for .7380ish but I have allowed for the and a longer ride. Aiming for .71

I might also add. Should I b bullish on this pair I would enter now or 7330+ looking for it tomakrpe a new high not just inside a top it has already made. But that's just personal opinion.
  • #94,439
  • Jan 2, 2016 10:06am Jan 2, 2016 10:06am
Quoting MitchL
{quote} That's exactly where my sell to add 1 more lot short was I see the Aud ranging from .73 - .70 over the last few months. Sure there is potential for .7380ish but I have allowed for the and a longer ride. Aiming for .71 I might also add. Should I b bullish on this pair I would enter now or 7330+ looking for it tomakrpe a new high not just inside a top it has already made. But that's just personal opinion.
Thank you for your input.You didn't mention which tools you use to make your decision or is it maybe PA on bigger charts?Sure,big charts are still looking good for sellers,but market turns first on H1 or sometimes even smaller chart.If you go back two weeks in this thread you will see how change was spotted very early.In my opinion,question is only if we will have spike through 0.74 or there is more upward potential medium-term.Look at my H4 chart.Some strong entity was defending 7170 for whole month.Even FED drama couldn't produce nothing more than feeble break of that level and than market calmly returned back.And since than bulls advance slowly without drama,so sellers are still not worried.
Only now we have first sign on H1 that consolidation - correction started.One could even go short from here,but I use EW as a risk management tool and it tells me that 7325 would be absolute SL.Hence it is my point of reentry as a bull.Already Monday will give us an answer.Either this brief consolidation already stopped at 7242-7266 and market will return to 7325 and continue through 7385 or there is deeper and longer correction.Anyway market has two crucial obstacles on the way down: 7170 and 7096.Situation is very tight and we have beginning of new year in front of us,with NFP and FED minutes in first week.Both bulls and bears could be right.But there must be at least a spike.If my H1 really shows horizontal expanding triangle and market overcomes this structure,we will have that spike very soon.
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  • #94,440
  • Jan 2, 2016 3:57pm Jan 2, 2016 3:57pm
I agree with your theories. And risk management is important. As I stated it was just a personal.

All major economists would agree that the outlook for aud is down. Our mining boom is over etc. etc.
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