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AUD/USD

  • #96,601
  • Apr 21, 2016 8:36am Apr 21, 2016 8:36am
Quoting 10cents
{quote} Got any pips in GU? ....... seems like that pair was volatile today, didn't catch any of the moves at all Same for AU, very tight range...... never got the 777x needed to long or 785x needed to short.
Hope you have't jacked the day in yet, 777x is here!
  • #96,602
  • Edited Apr 22, 2016 2:41am Apr 21, 2016 8:37am | Edited Apr 22, 2016 2:41am
Bought half at 0.7776.
Will buy again if it dip below 0.7760.

Target at 7850

SL around 7715-20

Update:

SL set at 7688
  • #96,603
  • Apr 21, 2016 8:38am Apr 21, 2016 8:38am
anyway see 0.7490 ?
  • #96,604
  • Apr 21, 2016 8:38am Apr 21, 2016 8:38am
Quoting galvcore
{quote} Hope you have't jacked the day in yet, 777x is here!
Yes finally....... took a while a full day of bull/bear back scratching Lol
  • #96,605
  • Apr 21, 2016 8:39am Apr 21, 2016 8:39am
Quoting 10cents
Bought half at 0.7776. Will buy again if it dip below 0.7760. Target at 7850
You are a brave brave man to be buying into this. We're currently in the biggest 1h move since the beginning of April, and there's still 20 minutes to go!
  • #96,606
  • Apr 21, 2016 8:44am Apr 21, 2016 8:44am
Quoting Starcraftmaz
{quote} You are a brave brave man to be buying into this. We're currently in the biggest 1h move since the beginning of April, and there's still 20 minutes to go!

That's why my nick is 10cents....... thats all i have got..... and you sure know where i donated all the money Lol.
  • #96,607
  • Apr 21, 2016 8:48am Apr 21, 2016 8:48am
Let!s see how it reacts at the 7750 area
  • #96,608
  • Apr 21, 2016 8:52am Apr 21, 2016 8:52am
7805^7815 is key on the hourly.
  • #96,609
  • Apr 21, 2016 9:19am Apr 21, 2016 9:19am
Quoting attilafx
7805^7815 is key on the hourly.
Actually watching the 7785 - 7790 level.

I get the feeling if the pair don't get back to that level soon, then long bets are off......... let's wait and see.
  • #96,610
  • Apr 21, 2016 9:39am Apr 21, 2016 9:39am
Quoting Starcraftmaz
{quote} You are a brave brave man to be buying into this. We're currently in the biggest 1h move since the beginning of April, and there's still 20 minutes to go!
I think we all need to be a little brave to trade. Look at the 3 1 hr candles at the start of this month immediately after that 80 odd pip candle down.
Hope for the best, prepare for the worst.
  • #96,611
  • Apr 21, 2016 9:42am Apr 21, 2016 9:42am
target hit at 7835 spot on. CIT as well and I think there is no more going up to that level.
  • #96,612
  • Apr 21, 2016 9:54am Apr 21, 2016 9:54am
Quoting dab
{quote} I think we all need to be a little brave to trade. Look at the 3 1 hr candles at the start of this month immediately after that 80 odd pip candle down.
I think the issue for most including myself is that we are brave to open trades..... but not brave enough to cut losses and let winners run.
  • #96,613
  • Apr 21, 2016 11:43am Apr 21, 2016 11:43am
Quoting attilafx
Let!s see how it reacts at the 7750 area

I was looking at that level too and it seems to have held so far. Personal evaluation is that the rapid move was usd related..all running to buy usd following the ecb drama. Give it a few hours to cool then we will have more clarity. Imo the Bulls are not done yet. Remember, a trend is your friend till the end! We probably need to see an AUd specific move to signal a trend change. My opinion
  • #96,614
  • Apr 21, 2016 4:06pm Apr 21, 2016 4:06pm
Quoting Pharm0r
{quote} {quote} so how did this daily look? both up and down?
After 2 months you have the answer
  • #96,615
  • Apr 21, 2016 4:30pm Apr 21, 2016 4:30pm
Quoting Ken A
{quote} After 2 months you have the answer
I learn slowly- but I do learn
  • #96,616
  • Apr 21, 2016 5:17pm Apr 21, 2016 5:17pm
21 April – AUDUSD – Short. See more details about my logic behind this trade HERE

Aussie had another very strong week. The pair printed another multi-year high.This could be a dangerous situation for the short term traders. Aussie is now trading within a major resistance and the top could be imminent. The pair, after climbing to 0.7830 area, pullback sharply in the recent session.
The are few reasons to belive that Aussie is undertaking deeper correction from here:

  1. Sharp reversal forming engulfing candle on the daily charts. This suggests, bulls were defeated in that session
  2. The price reached WM4 Pivot Point at exact 0.7832 and reversed sharply
  3. Stochastics are extremely overbought on daily charts

Attached Image (click to enlarge)
Click to Enlarge Name: audusd short 1.JPG Size: 272 KB
HumbleTraders
  • #96,617
  • Apr 21, 2016 6:41pm Apr 21, 2016 6:41pm
Back up we go, target 7785
  • #96,618
  • Apr 21, 2016 7:05pm Apr 21, 2016 7:05pm
Quoting ell3
{quote} I was looking at that level too and it seems to have held so far. Personal evaluation is that the rapid move was usd related..all running to buy usd following the ecb drama. Give it a few hours to cool then we will have more clarity. Imo the Bulls are not done yet. Remember, a trend is your friend till the end! We probably need to see an AUd specific move to signal a trend change. My opinion
The trend is DOWN for the last several years.
  • #96,619
  • Apr 21, 2016 8:29pm Apr 21, 2016 8:29pm
Quoting cold chisel
{quote} The trend is DOWN for the last several years.
Depends on what time frame you're looking at. Long term yes, short term we're still bullish until it changes clearly. The aud bounced off the lower uptrend line support and 50% fib of the April range7634-7836 at exactly 7733. The 100ma at 7765ish should make things a little clearer for Bulls. Then the 20aonthe 5 min chart at 7770ish. Bears will prob need 7730 to be cleared for the next step!
  • #96,620
  • Apr 21, 2016 10:28pm Apr 21, 2016 10:28pm
Working on an expanding diagonal (c) red, limit set @ top of (2).
Trading short against 0.7833 top SL top of (2) target wave a of zigzag.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 22Apr16.png Size: 65 KB
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