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AUD/USD

  • #95,461
  • Feb 10, 2016 7:11pm Feb 10, 2016 7:11pm
there is nothing to celebrate, idiot.
now maybe some people will understand my concerns for the last 36 hours.
trade safe.
As Above, So Below
  • #95,462
  • Feb 10, 2016 7:40pm Feb 10, 2016 7:40pm
Quoting Ken A
No one is celebrating?
Celebrating what?
20 Pips a day keeps centerlink away
  • #95,463
  • Feb 10, 2016 7:48pm Feb 10, 2016 7:48pm
I bit the bullet last night and closed 2 shorts at 7073 and 7075 on second downward retest of that zone. Now short from .7140 and .7123.
  • #95,464
  • Feb 10, 2016 8:40pm Feb 10, 2016 8:40pm
Very wild swings for the past few days, volatility aplenty. I hope everyone is fine thus far. I been staying out of the market because i simply could not see any setup in this pair at all, many BS PA for sure.

Firstly, price broke below uptrend line, turned out to be a fakey, it sky rocket from below .70 all the way to .7150. Now it is heading back down again, what's next? No one knows. I guess when China is close for CNY, volume tend to be lower and price tends to swing more wildly.

Trade safe for this week.

Cheers!
Attached Image (click to enlarge)
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  • #95,465
  • Feb 10, 2016 8:54pm Feb 10, 2016 8:54pm
7140 is a strong daily and weekly resistance zone. I think we may retest, and if it comes back then .7020-.70 is very critical. As Actorial has pointed out, there is a head and shoulder pattern here on the 4HR, with neckline in this zone. Right now forming a bearish candle on 4HR.

I will also point out something to all on this thread which I think is fundamentally important. Near the beginning of Yellen's speech last night she said.................................

" Over the course of the year, subdued foreign growth and the APPRECIATION OF THE DOLLAR RESTRAINED NET EXPORTS. In the fourth quarter of last year, growth in the gross domestic product is reported to have slowed more sharply, to an annual rate of just 3/4 percent; again, growth was held back by WEAK NET EXPORTS as well as by a negative contribution from inventory investment."

I believe THEY WANT THE DOLLAR TO DROP. But it would be politically incorrect to say it outright. Japan for one would be outraged.
  • #95,466
  • Feb 10, 2016 9:08pm Feb 10, 2016 9:08pm
Quoting Blackopal
7140 is a strong daily and weekly resistance zone. I think we may retest, and if it comes back then .7020-.70 is very critical. As Actorial has pointed out, there is a head and shoulder pattern here on the 4HR, with neckline in this zone. Right now forming a bearish candle on 4HR. I will also point out something to all on this thread which I think is fundamentally important. Near the beginning of Yellen's speech last night she said................................. " Over the course of the year, subdued foreign growth and the APPRECIATION OF THE...
I had the same thoughts.
20 Pips a day keeps centerlink away
  • #95,467
  • Feb 10, 2016 9:23pm Feb 10, 2016 9:23pm
Waiting for 4hour candle to close. Long wick bearish candle can be seen.
Upon confirmation, will load up my shorts!
Attached Image (click to enlarge)
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  • #95,468
  • Feb 10, 2016 9:34pm Feb 10, 2016 9:34pm
Quoting SkyrEk
Waiting for 4hour candle to close. Long wick bearish candle can be seen. Upon confirmation, will load up my shorts! {image}
Looking very bearish indeed. Across the board.
  • #95,469
  • Feb 10, 2016 9:51pm Feb 10, 2016 9:51pm
next line in the sand .7060-.7068
  • #95,470
  • Feb 10, 2016 10:11pm Feb 10, 2016 10:11pm
I was looking for a 50 pip drop today from open.
20 Pips a day keeps centerlink away
  • #95,471
  • Feb 10, 2016 10:21pm Feb 10, 2016 10:21pm
Working on a daily long wick bearish candle as well
  • #95,472
  • Feb 10, 2016 11:45pm Feb 10, 2016 11:45pm
Hey fellow traders! The fifteen minute chart appears to show signs of reversal of the corrections that is labeled a,b, and c on the chart, back towards it bearish movement with possible resistance levels .70500, and then if it breaks that level look for it to fall to .69850. Notice price has crossed the 21 ema (pink line) also price has crossed ovet ichimoku cumo senkou span b line and is now testing it for support. Also a third confirmation we are headed for a solid downtrend is the TSI has crossed 7 smma and is now pointed toward strong downtrend signal. Happy trading, good look guys!
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  • #95,473
  • Feb 11, 2016 1:13am Feb 11, 2016 1:13am
Aussie just tried a 10 minute run and got smashed. Pin bars on 4HR, 2HR, 10Min TFS
  • #95,474
  • Feb 11, 2016 1:30am Feb 11, 2016 1:30am
short 71.05 SL71.17
  • #95,475
  • Feb 11, 2016 2:14am Feb 11, 2016 2:14am
I think it's fairly safe to add shorts now, any close above .711 is unlikely. Looking at sentiment, the RBA is open to the possibility of a rate cut, while the Fed seems to be expressing caution on the expected rate hikes. This could probably create a downward trend until anything clear changes.

- Michael Procella
  • #95,476
  • Feb 11, 2016 2:20am Feb 11, 2016 2:20am
Many pips to all
20 Pips a day keeps centerlink away
  • #95,477
  • Feb 11, 2016 2:29am Feb 11, 2016 2:29am
This time it can't hold up while commodity currencies are dropping! CRASH
  • #95,478
  • Feb 11, 2016 2:32am Feb 11, 2016 2:32am
Quoting Blackopal
This time it can't hold up while commodity currencies are dropping! CRASH
We might even see a .69 tonight.
20 Pips a day keeps centerlink away
  • #95,479
  • Feb 11, 2016 2:46am Feb 11, 2016 2:46am
Congrats to all whom had made money!
Stay safe and grab profits whenever you can

Don't commit to a trade nor let greed overwhelm you.

Cheers!
  • #95,480
  • Feb 11, 2016 2:50am Feb 11, 2016 2:50am
haha, what the hell just happened?!?
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