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AUD/USD

  • #95,501
  • Feb 11, 2016 2:51pm Feb 11, 2016 2:51pm
Quoting midouch
Anyone have an idea about what he's going to speak about and if it's expected to impact the aud?

Basically said employment slightly up on expectations, most other aspects of economy trending well and other sectors compensating for downturn in mining. Slow and steady as she goes.
  • #95,502
  • Feb 11, 2016 3:43pm Feb 11, 2016 3:43pm
long .7113
  • #95,503
  • Feb 11, 2016 4:28pm Feb 11, 2016 4:28pm
I remain short.
Short on highs.
RBA statement quite dovish and looks like they are considering cutting rates again.
20 Pips a day keeps centerlink away
  • #95,504
  • Feb 11, 2016 4:46pm Feb 11, 2016 4:46pm
Quoting PaulDaemon
I remain short. Short on highs. RBA statement quite dovish and looks like they are considering cutting rates again.
Yes they have no option but to reduce interest rates .

Currently there seems to be a massive buyer in the market which is frustrating the bears.

Patience people
  • #95,505
  • Feb 11, 2016 5:18pm Feb 11, 2016 5:18pm
Quoting lasty
{quote} Yes they have no option but to reduce interest rates . Currently there seems to be a massive buyer in the market which is frustrating the bears. Patience people
I think this is due to technicals that show buy signals but I think will be short lived as fundamentals drive the market not the charts.
20 Pips a day keeps centerlink away
  • #95,506
  • Feb 11, 2016 5:40pm Feb 11, 2016 5:40pm
waiting to sell at 0.722 - 0.725
buy momentum so weak
bot domination for this day is up
Sell EA Low Risk
  • #95,507
  • Feb 11, 2016 7:37pm Feb 11, 2016 7:37pm
The Federal Reserve appears to be taking a slightly dovish tone now, stating caution over global economy, market turmoil, etc. The Reserve Bank of Australia has also hinted the possibility of a rate cut, which I believe to be very likely.

For the time being, as long as the Fed remains dovish, and there is anticipation for the RBA decision, it's likely that this pair will merely trade in a range. When (or If) a move to higher US interest rates occurs, and the expected Australia rate cut happens, the downtrend is likely to resume. There is still some buying pressure, the .7000 level is probably a main catalyst for this.

- Michael
  • #95,508
  • Feb 11, 2016 8:35pm Feb 11, 2016 8:35pm
For those whom are still reading this forum, Congrats to you, most likely you have survived this week of wild trading. Not trading is also a form of winning because you didn't lose a cent to the market.

Anyways, this is my 4hr chart. Do take note that everyone's 4hour candlestick might be different due to different GMT. Mine is +8 GMT. My 4hr candle closed with a prominent hangman. Hangman usually represents the end of an uptrend upon confirmation with the next closure of 4hr candle.

Price been grinding against the broken uptrendline so far, broke above but did not close above it. I take it that the line is still valid.
Have your risk management in place, keep your trades tight and close to you.

Cheers!
Have a good weekend!

Failure reaps Success. If there are no failure in our lives, we won't pursue success.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 72 KB
  • #95,509
  • Feb 11, 2016 8:40pm Feb 11, 2016 8:40pm
Quoting SkyrEk
For those whom are still reading this forum, Congrats to you
Do I get a cookie?
  • #95,510
  • Feb 11, 2016 8:44pm Feb 11, 2016 8:44pm
Quoting Ken A
{quote} Do I get a cookie?


Of course!
  • #95,511
  • Feb 11, 2016 8:47pm Feb 11, 2016 8:47pm
With China closed all week, it's been rather unexciting, besides one small bit of action. Next week is gonna be fun. Safe weekend to all.
  • #95,512
  • Feb 11, 2016 8:48pm Feb 11, 2016 8:48pm
Quoting redalert
With China closed all week, it's been rather unexciting, besides one small bit of action. Next week is gonna be fun. Safe weekend to all.
China will have alot of catching up to do mate. Brace up for more action!

Good weekend mate!
  • #95,513
  • Feb 11, 2016 9:11pm Feb 11, 2016 9:11pm
Quoting SkyrEk
For those whom are still reading this forum, Congrats to you, most likely you have survived this week of wild trading. Not trading is also a form of winning because you didn't lose a cent to the market. Anyways, this is my 4hr chart. Do take note that everyone's 4hour candlestick might be different due to different GMT. Mine is +8 GMT. My 4hr candle closed with a prominent hangman. Hangman usually represents the end of an uptrend upon confirmation with the next closure of 4hr candle. Price been grinding against the broken uptrendline so far, broke...
This is what my h4 looks like.
Attached Image (click to enlarge)
Click to Enlarge Name: h4.png Size: 94 KB
20 Pips a day keeps centerlink away
  • #95,514
  • Feb 11, 2016 9:43pm Feb 11, 2016 9:43pm
I think this sentence sums it up nicely SkyRek " Price been grinding against the broken uptrendline so far " It's bumped that line at 7127 six times today and turned

back to around .7097. And as you mentioned through the trendline and back again yesterday. I think it's looking very tired . Too many knocks on the head today. I have

one long trade on it, which I'm going to exit and take a short. Just hoping it's got enough energy left to drag it's sorry ass back up a bit for a better conversion point.
  • #95,515
  • Feb 11, 2016 9:48pm Feb 11, 2016 9:48pm
Quoting PaulDaemon
{quote} This is what my h4 looks like.{image}
Looks like a Doji on your 4hourly.


Quoting Blackopal
I think this sentence sums it up nicely SkyRek " Price been grinding against the broken uptrendline so far " It's bumped that line at 7127 six times today and turned back to around .7097. And as you mentioned through the trendline and back again yesterday. I think it's looking very tired . Too many knocks on the head today. I have one long trade on it, which I'm going to exit and take a short. Just hoping it's got enough energy left to drag it's sorry ass back up a bit for a better conversion point.

All the best mate! Too many knocks indeed, i hope the knocks will be substantial enough to bring it back down. Aussie dollar been surprisingly resilient throughout this market turmoil.
  • #95,516
  • Feb 11, 2016 10:09pm Feb 11, 2016 10:09pm
Quoting SkyrEk
{quote} Looks like a Doji on your 4hourly. {quote} All the best mate! Too many knocks indeed, i hope the knocks will be substantial enough to bring it back down. Aussie dollar been surprisingly resilient throughout this market turmoil.
Money's gotta go somewhere and even more surprisingly NZD performed even better but now it's Friday after a stocks bloodbath, bears should be careful.
Don't get mad, get even!
  • #95,517
  • Feb 11, 2016 10:14pm Feb 11, 2016 10:14pm
Quoting SkyrEk
For those whom are still reading this forum, Congrats to you, most likely you have survived this week of wild trading. Not trading is also a form of winning because you didn't lose a cent to the market. Anyways, this is my 4hr chart. Do take note that everyone's 4hour candlestick might be different due to different GMT. Mine is +8 GMT. My 4hr candle closed with a prominent hangman. Hangman usually represents the end of an uptrend upon confirmation with the next closure of 4hr candle. Price been grinding against the broken uptrendline so far, broke...

The Hanging Man candlestick formation, as one could predict from the name, is viewed as a bearish sign. This pattern occurs mainly at the top of uptrends and can act as a warning of a

potential reversal downward. It is important to emphasize that the Hanging Man pattern is a warning of potential price change, not a signal, in and of itself, to go short.

http://www.onlinetradingconcepts.com...gingManPic.gif
  • #95,518
  • Feb 11, 2016 10:16pm Feb 11, 2016 10:16pm
If the Nikkei is any lead with hitting new lows than the whole BOJ palaver was just that, weak and unconvincing and later today Europe and US will certainly have Shanghai opening next week in mind, expecting a continuation of a sell-off. Hmm just a thought...
Don't get mad, get even!
  • #95,519
  • Feb 11, 2016 10:21pm Feb 11, 2016 10:21pm
Quoting stulic
If the Nikkei is any lead with hitting new lows than the whole BOJ palaver was just that, weak and unconvincing and later today Europe and US will certainly have Shanghai opening next week in mind, expecting a continuation of a sell-off. Hmm just a thought...
Technically 14757 is likely to hit - after that either bounce or break being Friday and all
  • #95,520
  • Feb 11, 2016 10:23pm Feb 11, 2016 10:23pm
TIRED closed long opened two shorts .7089
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