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Just Another A/U Thread...

  • #621
  • Apr 21, 2016 6:32am Apr 21, 2016 6:32am
Brokers my friends, they can and do cause market movements.
  • #622
  • Apr 21, 2016 6:38am Apr 21, 2016 6:38am
Quoting PA is King
Brokers my friends, they can and do cause market movements.
so I guess the current 50 pips drop is market makers again right?
20 Pips a day keeps centerlink away
  • #623
  • Apr 21, 2016 6:39am Apr 21, 2016 6:39am
Quoting paddlepip
Seems to me that higher oil seems to be having less of an effect on the Aussie in this Asian session. Popped a few small shorts on @ 0.7810. Could be dead wrong though.
There she goes.
Corripe Cervisiam!
  • #624
  • Apr 21, 2016 6:39am Apr 21, 2016 6:39am
Quoting PaulDaemon
{quote} so I guess the current 50 pips drop is market makers again right?
Soros comment http://www.forexfactory.com/news.php?do=news&id=588012. AUD seems really affected when it's regards to China. ???
  • #625
  • Apr 21, 2016 6:43am Apr 21, 2016 6:43am
Quoting PaulDaemon
{quote} so I guess the current 50 pips drop is market makers again right?
Also if you want to avoid brokers trading against your positions you need to go through an ecn broker.
20 Pips a day keeps centerlink away
  • #626
  • Apr 21, 2016 6:45am Apr 21, 2016 6:45am
Quoting maflip
{quote} Soros comment http://www.forexfactory.com/news.php?do=news&id=588012. AUD seems really affected when it's regards to China. ???
Nah that didnt cause it but I said the same thing weeks ago.
20 Pips a day keeps centerlink away
  • #627
  • Apr 21, 2016 6:59am Apr 21, 2016 6:59am
Quoting PaulDaemon
{quote} Nah that didnt cause it but I said the same thing weeks ago.
And this is why i dont long aud, short on the highs untill fundamentals say otherwise.

Im guessing a lot of longs just got wiped out.
20 Pips a day keeps centerlink away
  • #628
  • Apr 21, 2016 9:33am Apr 21, 2016 9:33am
Expecting price to find short term support around 0.7745 but favour the more solid support at 0.7720 or 0.7675 for a renewed test into the 0.78 level.

Weekly, Daily & 4hr charts
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cT_cs_9596740_AUDUSD_2016-04-21_17-29-59.png Size: 43 KB
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  • #629
  • Edited 11:21am Apr 21, 2016 11:00am | Edited 11:21am
Quoting PaulDaemon
{quote} so I guess the current 50 pips drop is market makers again right?
You're funny man. Interesting how no one said one positive thing yesterday when I recommended a short trade, but cold chisel and you are quick to post negative comments. Shows the type of person you are. Let's give credit when credit is due and agree to disagree on how markets are controlled.
  • #630
  • Apr 21, 2016 4:01pm Apr 21, 2016 4:01pm
Quoting rendite
Expecting price to find short term support around 0.7745 but favour the more solid support at 0.7720 or 0.7675 for a renewed test into the 0.78 level. Weekly, Daily & 4hr charts {image} {image} {image}
Thanks for posting the charts. Aussie has had quite the run up lately without a pullback, so I agree...we were due for one as I mentioned a few days ago(retest .7700 area). Now to see if we go higher or possibly pullback a little further.
  • #631
  • Apr 21, 2016 5:15pm Apr 21, 2016 5:15pm
Quoting PA is King
{quote} You're funny man. Interesting how no one said one positive thing yesterday when I recommended a short trade, but cold chisel and you are quick to post negative comments. Shows the type of person you are. Let's give credit when credit is due and agree to disagree on how markets are controlled.
You are strange yourself, man. I asked you a question about your opinion on the latest oil "manipulation". You didn't bother with an answer, but still called my comment negative. It seems to me you have an issue with those who don't support your point of view. Get used to it - it's normal. People have their own opinions and voice them out.
  • #632
  • Apr 21, 2016 5:18pm Apr 21, 2016 5:18pm
Quoting cold chisel
{quote} You are strange yourself, man. I asked you a question about your opinion on the latest oil "manipulation". You didn't bother with an answer, but still called my comment negative. It seems to me you have an issue with those who don't support your point of view. Get used to it - it's normal. People have their own opinions and voice them out.
I don't follow oil so I have no answer. Know your facts before posting.
  • #633
  • Apr 21, 2016 5:42pm Apr 21, 2016 5:42pm
Cant people just be nice,PA started this thread about AUD and spends some time posting charts and useful tips which I personally find helpful and informative .Good on you PA.
  • #634
  • Apr 21, 2016 5:46pm Apr 21, 2016 5:46pm
Quoting buster48
Cant people just be nice,PA started this thread about AUD and spends some time posting charts and useful tips which I personally find helpful and informative .Good on you PA.
Thanks Buster...it's the nature of FF. People often criticized and few congratulate. I hope you are doing well and making pips!
  • #635
  • Apr 21, 2016 5:50pm Apr 21, 2016 5:50pm
AUD Long term is Uptrend >>> I'm Position trader so I risk my buy order small for handle Volatility >>> last month AUD is easy to Trade cause people don't actually look at this currency >>> but now More player enter care your position both buy or sell >>> it time to play now
  • #636
  • Apr 21, 2016 6:01pm Apr 21, 2016 6:01pm
Quoting cold chisel
{quote} You are strange yourself, man. I asked you a question about your opinion on the latest oil "manipulation". You didn't bother with an answer, but still called my comment negative. It seems to me you have an issue with those who don't support your point of view. Get used to it - it's normal. People have their own opinions and voice them out.
seems to me in the wrong thread oil aint aud seems you have trouble writing in the wrong threads
people leave, but this thread will go on for ever
  • #637
  • Apr 21, 2016 6:03pm Apr 21, 2016 6:03pm
Quoting buster48
nice work Aussi,hope your well .
sorry mate didnt see this untill now am ok trading well how you doing

634243562016.04.21 23:26:35sell1.00gbpaud1.850770.000001.843322016.04.22 03:15:451.847860.000.000.00 291.00
635000292016.04.22 03:15:45balanceCommission - 63424356-5.00
634244342016.04.21 23:26:50buy1.00audusd0.773750.000000.780992016.04.22 03:15:470.775570.000.000.00 234.67
635000312016.04.22 03:15:47balanceCommission - 63424434-3.00
635003582016.04.22 03:29:00balanceCommission - 63500357-3.00
635003692016.04.22 03:29:15balanceCommission - 63500368-5.00
635003572016.04.22 03:29:00buy1.00audusd0.775880.000000.776882016.04.22 03:54:470.776880.000.000.00 128.72
635010942016.04.22 03:54:47balanceCommission - 63500357-3.00
635003682016.04.22 03:29:15sell1.00gbpaud1.847190.000001.845432016.04.22 03:54:571.845330.000.000.00 186.00
people leave, but this thread will go on for ever
  • #638
  • Apr 21, 2016 7:44pm Apr 21, 2016 7:44pm
Quoting Aussi
{quote} seems to me in the wrong thread oil aint aud seems you have trouble writing in the wrong threads

Although this is not oil thread, oil has had a big influence on this pair, and has in fact had a big influence on ALL markets, as highlighted this week with the gaps down in commodity related pairs at the same time as oil price gapped down. All week long as oil rose or briefly paused or dipped, the AUD mirrored it. So an occasional mention of oil on this thread is not out of place.

Most of the time this thread has been comparatively free of heated discussion relative to some other threads on FF. Mutual respect and tolerance of other people's opinions have dominated. I hope that continues.

I lost a lot of pips this week. I previously posted that I intended to take a position, in disregard of chart, against AUD due to fundamentals. I made the same mistake with oil and USD/CAD. Last night I was stopped out on my short AUDs at .7833, just before the slight retrace. Similar results with USD/CAD and oil. Previously, I had a rule to have relatively small risk scenarios, tighter stop loss. I chose the wrong time to alter approach. Previous approach was preferable.

In the mean time, fundamentals for AUD continue to deteriorate. Yesterday I read that Qantas cut back on plans to increase flights, and had some profit drops, due to fewer passengers and less forward bookings, which they concluded was due to poor sentiment about the economy. It seems the average Australian is concerned, and may be a better judge of impending impacts than the forex market.

Regarding negative comments by some posters, I think that most of their comments were in reference to the economic situation in Australia at present, and were not directed at anyone personally. I've made what I considered to be negative but accurate comments about Australia's economic position, and pointed out that I consider the economy to be in contradiction to direction of currency. PA has stuck to his stated determination to follow charts, not news. I can't see any reason at all to criticize that approach. It's clearly been the most rewarding.
  • #639
  • Apr 21, 2016 8:04pm Apr 21, 2016 8:04pm
Quoting Blackopal
{quote} Although this is not oil thread, oil has had a big influence on this pair, and has in fact had a big influence on ALL markets, as highlighted this week with the gaps down in commodity related pairs at the same time as oil price gapped down. All week long as oil rose or briefly paused or dipped, the AUD mirrored it. So an occasional mention of oil on this thread is not out of place. Most of the time this thread has been comparatively free of heated discussion relative to some other threads on FF. Mutual respect and tolerance of other people's...


ouch
people leave, but this thread will go on for ever
  • #640
  • Apr 21, 2016 8:12pm Apr 21, 2016 8:12pm
Yes true oil does influence the AUD

To PA I Im not trying to be negative and if you remember I did point out how impressed I am with your PA skills.

Take note of the weekly chart you will see why its been rejected.

Priced bounced off weekly trend line and also 100 ma

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20 Pips a day keeps centerlink away
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