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AUD/USD

  • #97,261
  • May 17, 2016 2:08am May 17, 2016 2:08am
Quoting KeenPips
{quote} Equally an S/R on the 4-hour chart.
Quoting KeenPips
Mind you the daily S/R zone AU is testing!
U said the same thing 18hrs ago. I presume your 4hr S/R was breached.Hopefully this time your daily S/R will be breached too.
  • #97,262
  • May 17, 2016 2:09am May 17, 2016 2:09am
Quoting SkyrEk
{quote} {quote} U said the same thing 18hrs ago. I presume your 4hr S/R was breached.Hopefully this time your daily S/R will be breached too.
Nothing has changed since; check your charts. Lol
Do your homework, follow the footprints of smart money
  • #97,263
  • May 17, 2016 2:26am May 17, 2016 2:26am
Quoting KeenPips
{quote} Nothing has changed since; check your charts. Lol
An increase of 0.94%, close to 1% increase in AU and to you nothing has changed. Big player u are.Kudos to u
  • #97,264
  • May 17, 2016 2:51am May 17, 2016 2:51am
Quoting lasty
Oh dear.. http://www.abc.net.au/news/2016-05-1...ction=business More cuts coming and they buy it
Bulls are a funny bunch. They buy and get burned, buy and get burned... This pair has only one direction - down.
  • #97,265
  • May 17, 2016 3:44am May 17, 2016 3:44am
Quoting cold chisel
{quote} Bulls are a funny bunch. They buy and get burned, buy and get burned... This pair has only one direction - down.
Don't get mad, get even!
  • #97,266
  • May 17, 2016 3:54am May 17, 2016 3:54am
Quoting SkyrEk
{quote} An increase of 0.94%, close to 1% increase in AU and to you nothing has changed. Big player u are.Kudos to u
My advice is take your profits or duck for cover.
Don't get mad, get even!
  • #97,267
  • May 17, 2016 4:40am May 17, 2016 4:40am
AUDUSD long entered
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 18 KB
Man lie, woman lie, numbers don't
  • #97,268
  • May 17, 2016 4:44am May 17, 2016 4:44am
Quoting stulic
{quote} My advice is take your profits or duck for cover.
Price hasn't gone low enough to warrant a take profit according to my trading plan.

  • #97,269
  • May 17, 2016 9:12am May 17, 2016 9:12am
Quoting MisterG
AUDUSD long entered {image}
AUDUSD long closed with a minor gain , I am still bullish , it may reach 74.000 in a day or 2 if the 73.000 holds. Position closed because there is other opportunity I would like to load up in. This will be probably a good trade too but I have chosen something else.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 30 KB

trade safe
G.
Man lie, woman lie, numbers don't
  • #97,270
  • May 17, 2016 9:14am May 17, 2016 9:14am
I'm long from slightly below 0.73
  • #97,271
  • Edited 9:42am May 17, 2016 9:34am | Edited 9:42am
Quoting MisterG
{quote} AUDUSD long closed with a minor gain , I am still bullish , it may reach 74.000 in a day or 2 if the 73.000 holds. Position closed because there is other opportunity I would like to load up in. This will be probably a good trade too but I have chosen something else. {image} trade safe G.
The timing is awful for long opportunities, at least from short term to medium term (not intra-day term), I disagree the idea which Aud/USD could go to 0.74 level. Already, we can see weakness in Aussie and the momentum to the upside has stopped, for now. Further weakness in this currency pair could trigger massive selling towards 0.70 level.
  • #97,272
  • May 17, 2016 9:57am May 17, 2016 9:57am
Quoting arigoldman
I'm long from slightly below 0.73
I would consider taking profit or partial profit at the latest high around 73.600. We will see if it gets to 74.000 but it looks strong for now.
Take care and green pips
Man lie, woman lie, numbers don't
  • #97,273
  • May 17, 2016 10:15am May 17, 2016 10:15am
Quoting SkyrEk
{quote} Been a pretty awesome trading week for me thus far. No rewards for guessing how i'm feeling right now. Was long AU since Monday, took the ride up through the minutes. I still believe the charts can tell us an in-depth story without worrying the outcome of a particular news release. My clean 1hour chart. {image}
Being a contrarian trader, naturally my posts will not be popular or agreeable.
Nonetheless, i still brought the bacon home at the end of the day.

Cheers!

Happy Hump Day!
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 69 KB
  • #97,274
  • May 17, 2016 11:20am May 17, 2016 11:20am
Quoting MisterG
{quote} AUDUSD long closed with a minor gain , I am still bullish , it may reach 74.000 in a day or 2 if the 73.000 holds. Position closed because there is other opportunity I would like to load up in. This will be probably a good trade too but I have chosen something else. {image} trade safe G.
As expected price progressed nicely.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 35 KB

Trade safe
G.
Man lie, woman lie, numbers don't
  • #97,275
  • May 17, 2016 11:25am May 17, 2016 11:25am
Now the question is whether it will break above 0.7370.
  • #97,276
  • May 17, 2016 12:28pm May 17, 2016 12:28pm
Now Aussie may rise... Banks are short.
Attached Image
  • #97,277
  • May 17, 2016 1:37pm May 17, 2016 1:37pm
I began counting from 1 min and 5 min time frames (Elliot waves) and seems to be over with the long positions on this currency pair, it has begun the first phase of an impulse. If the 0.7343 is invalidated then the whole impulsive scenario thing is invalidated too and this leg is only a correction (last leg of a FLAT) and then it will climb once again.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1.png Size: 27 KB
  • #97,278
  • May 17, 2016 5:34pm May 17, 2016 5:34pm
AUD @.7320

Interesting that a mate of mine pointed out that the RBA used the word "reluctant" back in 2012 in another monetary policv speech.

Subsequently we are now 300 bps lower. Luckily as he pointed out they weren't running a hedge fund.

Its like the RBA are proud of keeping interest rates high, stifling business and ensuring people struggle with debt .
I cant work out their hidden agenda . Its bloody mindedness.

They use to say that Australia had higher interest rates to attract investment .

That doesn't wash now as Australia has $3 trillion in superannuation funds and given the pace of our aging population by industry financial advise alone those retirees should be converting equities and high risk assets into cash or bonds.

So the market got short ahead of the speech and we saw a cover.
The underlying facts are these. Australia has escaped a recession from China resource buying. Those parachute days are gone. China's economy is moving towards consumerism . Australia is simply stuck in the past looking for another opportunity to sell its resources.. In the mean time it has to take it medicine.
Budget has $1 billion black hole on iron ore income with weaker prices.
Banks are laying off staff as businesses shrink.
Election is nearing and the Left are in the lead.
Interest rate cut to 1.5% is still on the cards and with Stevens out of the way in July the chances grow even more.
  • #97,279
  • May 17, 2016 6:47pm May 17, 2016 6:47pm
A move down to 0.7290 today should see a bounce & the start of a retrace up to 0.75
Without having an understanding of down, you can never appreciate up.
  • #97,280
  • May 17, 2016 8:56pm May 17, 2016 8:56pm
Quoting anonymousey
A move down to 0.7290 today should see a bounce & the start of a retrace up to 0.75
There is your opportunity, price is stuck at .7288, waiting for you to buy.
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