MarK
- #96,023
- Mar 14, 2016 7:47am Mar 14, 2016 7:47am
- | Commercial User | Joined Jan 2015 | 1,352 Posts
20 Pips a day keeps centerlink away
- #96,025
- Mar 14, 2016 8:30am Mar 14, 2016 8:30am
- | Commercial User | Joined Jan 2015 | 1,352 Posts
20 Pips a day keeps centerlink away
- #96,026
- Mar 14, 2016 8:42am Mar 14, 2016 8:42am
- Joined Jan 2016 | Status: Trader | 1,788 Posts
{quote} Ive been staying out the past couple of weeks I am a bit confused why aud is trading against fundamentals but my guess is it needs to go up before it goes down. Put in a short Saturday morning at 6am expecting a gap down today and it payed off. Been shorting all day. I shorted again 30 min ago at .75434, stop in the green see how it goes.
Good luck, mate, I'm tempted to short, but it's been consistently defiant of fundamentals and bad news, so I won't fight the trend.
- #96,027
- Mar 14, 2016 9:06am Mar 14, 2016 9:06am
- | Membership Revoked | Joined Aug 2015 | 1,243 Posts
- #96,029
- Mar 14, 2016 9:59am Mar 14, 2016 9:59am
{quote} Becareful not to be too confident in that...almost all recent rallies in the aud have been ended by a sudden, sharp fall. Reiterating imo that fundamentally nothing suggests a change in trend to the downside. Not saying 7780 won't happen,but no one knows for sure what's next! Good luck in the week ahead everyone!
- #96,030
- Mar 14, 2016 10:57am Mar 14, 2016 10:57am
AU has been really bullish this month. but seems exhausted near 0.758 level which is what the buyers wanted to reach. It might go few more pips up and then again go back to 0.738 level. If anybody wants to risk considering au is over bought then sell at tops till it reaches 0.738 level. SL should be above 0.7620-7630
I hope those who read this made nice pips today on AU.
Believe in your thesis and stick to the plan, don't get scared with moves
- #96,031
- Mar 14, 2016 2:40pm Mar 14, 2016 2:40pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #96,033
- Mar 14, 2016 5:13pm Mar 14, 2016 5:13pm
- | Membership Revoked | Joined Aug 2015 | 1,243 Posts
- #96,035
- Mar 14, 2016 7:39pm Mar 14, 2016 7:39pm
- Joined Aug 2008 | Status: Trader | 3,386 Posts
.7525
RBA- breaking news
Low inflation has scope to ease money policy further ..
Normally this would send the currency into a tailspin but market needs more than a jawbone comment
They want the cut for confirmation.
As US companies continue to buy back their stock the more convinced some think its a bull market.
When that discipates they will soon will be changing their tune.
meanwhile confusion still resigns supreme
RBA- breaking news
Low inflation has scope to ease money policy further ..
Normally this would send the currency into a tailspin but market needs more than a jawbone comment
They want the cut for confirmation.
As US companies continue to buy back their stock the more convinced some think its a bull market.
When that discipates they will soon will be changing their tune.
meanwhile confusion still resigns supreme
- #96,036
- Mar 14, 2016 8:54pm Mar 14, 2016 8:54pm
- Joined Nov 2012 | Status: trend > bias | 2,772 Posts
- #96,037
- Mar 15, 2016 5:19am Mar 15, 2016 5:19am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Wave (4) does NOT overlap (2), and if recent top of 0.7594 holds, could expect impulse wave down 1st target towards 0.7224 and eventually finding new low.
Elliott Wave for optimum entry, exit and risk management of trades
- #96,040
- Mar 15, 2016 11:44am Mar 15, 2016 11:44am
{quote} Did anyone really understand my post here?
Believe in your thesis and stick to the plan, don't get scared with moves