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AUD/USD

  • #96,961
  • May 3, 2016 4:43am May 3, 2016 4:43am
Tracking waves for the next few weeks.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #96,962
  • May 3, 2016 5:35am May 3, 2016 5:35am
This the 81-69 half fibo being broken now.
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Don't get mad, get even!
  • #96,963
  • May 3, 2016 5:54am May 3, 2016 5:54am
Quoting stulic
{quote} Just slowly stacking up little shorts but if we break 1.08 tonight will increase sizes. Giving up above 1.0870 for the time being. {image}
1.058x doable?

Attachment
  • #96,964
  • May 3, 2016 6:02am May 3, 2016 6:02am
Quoting Ken A
{quote} 1.058x doable? 1919466
1.0650 first then everything else past parity come summer next year.
Don't get mad, get even!
  • #96,965
  • May 3, 2016 7:33pm May 3, 2016 7:33pm
Quoting Greeny
{quote} Don't blame the banks or even the government on this one. Blame the boneheaded public that think it is their right to borrow more than they can afford to get whatever they desire in this age of entitlement, then curse everyone else when it goes pear shaped on them. Supported by a way off track RBA board that panders to the masses by cutting rates. Yes, things are going to get tougher in Oz, job cuts, more expensive property and when inflation does turn....watch out. I concur on your confidence or lack thereof in shorting AUD, more to play...
Too true its so funny how people all over the world rely off the government to tell them what to do, its almost like we are in the dark ages of reason again, when everyone relied off the church to direct them, now its more like people trust and rely on the government slash big business to make their lives better, when hopefully people will realise it is themselves they need to rely off and then we will get a new renaissance of reason, back to small business and local innovation. I know some countries people cant get jobs so there are lots of small businesses starting up. Will the aud go up, well watch the s and p 500 if that falls Americans will buy usd and it seems to be in a bubble and has dropped sharply twice now, so i am thinking Americans will bring their own strength from declining assets like the share market moving investors back to the green back.
  • #96,966
  • May 4, 2016 12:03am May 4, 2016 12:03am
Quoting exofabulous
{quote} Too true its so funny how people all over the world rely off the government to tell them what to do, its almost like we are in the dark ages of reason again, when everyone relied off the church to direct them, now its more like people trust and rely on the government slash big business to make their lives better, when hopefully people will realise it is themselves they need to rely off and then we will get a new renaissance of reason, back to small business and local innovation. I know some countries people cant get jobs so there are lots...
Too much commas.
  • #96,967
  • May 4, 2016 3:19pm May 4, 2016 3:19pm
Quoting Don96
{quote} ​and how often is it that you trade in the monthly timeframe?
Longer time frames give you overall direction, while get a good entry point on daily. When daily, weekly & monthly point toward one direction, success rate is high. This is where patience and descipline come in. Monthly and weekly support/resistance can spoil good setup on daily. If you trade using Bollinger Band you would observe that a good short setup was already formed on daily, weekly & monthly chart on EURAUD. Last month's bearish candle could not close below Bollinger Middle Band and hence bulls have taking over for now. Middle Band always acts as support/resistance. You have to synchronise the three. Bullish consolidation could be formed above Middle Band on EURAUD to test the near resistance.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -50.1%
  • #96,968
  • May 4, 2016 10:00pm May 4, 2016 10:00pm
4hr bullish candle, some retracements upwards before more bearish price movements down.

No markets move in a straight line, hence, after a sharp move downwards (200+pips), it is only natural for some pullback upwards before resuming the trend.
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  • #96,969
  • May 4, 2016 10:30pm May 4, 2016 10:30pm
Quoting SkyrEk
4hr bullish candle, some retracements upwards before more bearish price movements down. No markets move in a straight line, hence, after a sharp move downwards (200+pips), it is only natural for some pullback upwards before resuming the trend. {image}
Im eying off a possible sell entry at .75150
20 Pips a day keeps centerlink away
  • #96,970
  • May 4, 2016 10:37pm May 4, 2016 10:37pm
Quoting PaulDaemon
{quote} Im eying off a possible sell entry at .75150
Gotta see price action over at .7515 before taking on any sell orders
  • #96,971
  • May 4, 2016 11:11pm May 4, 2016 11:11pm
Does anyone think we cover the gap at .77 this week?
  • #96,972
  • May 4, 2016 11:51pm May 4, 2016 11:51pm
Quoting jaynice
Does anyone think we cover the gap at .77 this week?
IMHO, no idea, if NFP numbers are really poor and puts off rate hikes further, that's a possibility that i won't rule out.
  • #96,973
  • May 4, 2016 11:52pm May 4, 2016 11:52pm
The UP is limited, remember the rate cut is only in full affect now. I am still in for short until 7400 levels.
  • #96,974
  • May 5, 2016 1:08am May 5, 2016 1:08am
Quoting PaulDaemon
{quote} Im eying off a possible sell entry at .75150
any one that sold around this level would be up almost 38 pips
20 Pips a day keeps centerlink away
  • #96,975
  • May 5, 2016 1:16am May 5, 2016 1:16am
Quoting PaulDaemon
{quote} any one that sold around this level would be up almost 38 pips
Good call on selling against yesterday's highs
  • #96,976
  • May 5, 2016 1:39am May 5, 2016 1:39am
Hello all! In your trading of AU or other pairs did you learn anything last week for better trading today? If yes, and you want to share your experience and help fellow FF members, click a lesson learnt​. Green pips to you.

KP
Do your homework, follow the footprints of smart money
  • #96,977
  • May 5, 2016 1:44am May 5, 2016 1:44am
Short order pending at 0.755
  • #96,978
  • May 5, 2016 1:45am May 5, 2016 1:45am
Quoting SkyrEk
{quote} Good call on selling against yesterday's highs
from here have no idea where it will go so will stay out.

will wait for another short entry
20 Pips a day keeps centerlink away
  • #96,979
  • May 5, 2016 2:11am May 5, 2016 2:11am
Quoting PaulDaemon
{quote} from here have no idea where it will go so will stay out. will wait for another short entry
Pretty much ranging market until NFP. Typical market behavior.
  • #96,980
  • May 5, 2016 2:15am May 5, 2016 2:15am
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