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AUD/USD

  • #97,281
  • May 17, 2016 8:59pm May 17, 2016 8:59pm
just closed my shorts, good luck to all who long(ed)
  • #97,282
  • May 17, 2016 9:09pm May 17, 2016 9:09pm
.728x region, back to square one.
Anyone wants to long here? lol

For me, let's wait out for a signal to appear.



Update: Took a small long here.
SL: Today's low.
Good R/R imho.

Let's see.
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  • #97,283
  • May 17, 2016 9:39pm May 17, 2016 9:39pm
Attached Image (click to enlarge)
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  • #97,284
  • Edited May 18, 2016 1:10am May 17, 2016 11:00pm | Edited May 18, 2016 1:10am
So yesterday's swing ended up being an overreaction to one sentence in the minutes, combined with some USD weakness at the time, so things have sorted out. Long term (6 months) still bearish looking for 0.6x.

Short term (day) targeting 0.7250. If it hangs around current level (.728) for the rest of the day I might close to avoid swap tomorrow morning.

Wonder how old mate and his super secret long strategy is going.

Edit: duplicated content
  • #97,285
  • May 17, 2016 11:05pm May 17, 2016 11:05pm
Quoting anonymousey
A move down to 0.7290 today should see a bounce & the start of a retrace up to 0.75
Any reason to sustain your theory?
  • #97,286
  • May 17, 2016 11:12pm May 17, 2016 11:12pm
Quoting redalert
So yesterday's swing ended up being an overreaction to one sentence in the minutes, combined with some USD weakness at the time, so things have sorted out. Long term (6 months) still bearish looking for 0.6x. Short term (day) targeting 0.7250. If it hangs around current level (.728) for the rest of the day I might close to avoid swap tomorrow morning. Wonder how old mate and his and his super secret long strategy is going. So yesterday's swing ended up being an overreaction to one sentence in the minutes, combined with some USD weakness at the time...
  • #97,287
  • May 17, 2016 11:21pm May 17, 2016 11:21pm
Quoting diavolul
{quote} Any reason to sustain your theory?
Chart action.
Without having an understanding of down, you can never appreciate up.
  • #97,288
  • May 18, 2016 12:03am May 18, 2016 12:03am
Quoting anonymousey
{quote} Chart action.
my chart says it could go lower, price just drop below the consolidation, target 0.7213

nph, just imo.
  • #97,289
  • May 18, 2016 12:17am May 18, 2016 12:17am
Quoting anonymousey
{quote} Chart action.
Be more specifically, please.
  • #97,290
  • May 18, 2016 12:25am May 18, 2016 12:25am
Price is in a region of support and resistance.

Neutral Zone. It can go up or go down to form an upcoming trend.
  • #97,291
  • May 18, 2016 12:48am May 18, 2016 12:48am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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both H1/H4 charts have LH which indicates possible LL

on daily chart it hits 0.7333 (50% fib) possible resistance if it go up again
  • #97,292
  • May 18, 2016 1:08am May 18, 2016 1:08am
Wages growth lowest in 30 years, inflation forecast way below RBA's target... I see at least two more rate cuts this year down to 1% next year.
I find that longing this pair for more than 40 pips is just dumb.

Although as we've seen last month, Turnbull's mates at the ABS will probably again cook up some shiny job pre-election numbers tomorrow and we might see a nice bounce. Will definitely be waiting ready to short more.
Don't get mad, get even!
  • #97,293
  • May 18, 2016 1:10am May 18, 2016 1:10am
Quoting diavolul
{quote} Be more specifically, please.
Both weekly & 4H are showing weakness & signs of a reversal.
Plus we have divergence on both also.
So long as price does not fall back below 0.68 we have a good chance of seeing 0.88.
No confirmation until back above 0.74. The current wave down may not yet be over.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AUDUSDH4.png Size: 39 KB
Without having an understanding of down, you can never appreciate up.
  • #97,294
  • May 18, 2016 1:15am May 18, 2016 1:15am
Quoting stulic
Wages growth lowest in 30 years, inflation forecast way below RBA's target... I see at least two more rate cuts this year down to 1% next year. I find that longing this pair for more than 40 pips is just dumb.
Totally agree stu
  • #97,295
  • May 18, 2016 1:26am May 18, 2016 1:26am
Quoting stulic
Wages growth lowest in 30 years, inflation forecast way below RBA's target... I see at least two more rate cuts this year down to 1% next year. I find that longing this pair for more than 40 pips is just dumb. Although as we've seen last month, Turnbull's mates at the ABS will probably again cook up some shiny job pre-election numbers tomorrow and we might see a nice bounce. Will definitely be waiting ready to short more.
spot on about the ABS
  • #97,296
  • Edited 2:12am May 18, 2016 1:57am | Edited 2:12am
I would not go short as it is still Asian section time, EURUSD not moved low that much and USDJPY is about to dive.
I think there will be another .78 or .77 when USDJPY wants to double bottom on 106
  • #97,297
  • May 18, 2016 4:30am May 18, 2016 4:30am
#AUDUSD could be getting ready to make a move to the upside just by looking at the Gann Grid
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 5-18-16.png Size: 114 KB
"W. D. Gann said that time is the most important factor among all things."
  • #97,298
  • Edited 6:58am May 18, 2016 6:49am | Edited 6:58am
Quoting USDollar
#AUDUSD could be getting ready to make a move to the upside just by looking at the Gann Grid {image}
It's easy to put a fancy Gann arc decorated chart and voila - it goes up or down - as our will is. Without further explanation, each on of us can see whatever we want. Like Rorschach test! I wonder when someone from forexfactory team will clean-up the topics, - there is a full load of nonsense, misleading, truncated and useless information in almost any corner...
  • #97,299
  • May 18, 2016 6:59am May 18, 2016 6:59am
Just my opinion but peoples dependency on elaborate charting systems amazes me. Candlesticks, S/R points and be aware of the fundamentals. It's all I need but maybe I'm missing something. Patience in the markets has always been my biggest fault, if I had an infinite amount of patience making money would be a piece of piss.
  • #97,300
  • May 18, 2016 7:07am May 18, 2016 7:07am
Quoting galvcore
Just my opinion but people dependency on elaborate charting systems amazes me. Candlesticks, S/R points and be aware of the fundamentals. It's all I need but maybe I'm missing something. Patience in the markets has always been my biggest fault if I had an infinite amount of patience making money would be a piece of piss.
Yes, but maybe you were too patience with your losing trades not with your profitable ones - this is a huge issue if it's true.
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