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AUD/USD

  • #97,461
  • May 27, 2016 12:36am May 27, 2016 12:36am
Typical Friday. Rather boring. Holding shorts still, taking the swap on the chin. Have a great weekend.
  • #97,462
  • May 27, 2016 3:24am May 27, 2016 3:24am
hi guys... i'm long @0.71652 with tp 0.73 sl. 0.712

i'm i wrong?

good luck.
  • #97,463
  • May 27, 2016 3:30am May 27, 2016 3:30am
Quoting Eurusdshort
hi guys... i'm long @0.71652 with tp 0.73 sl. 0.712 i'm i wrong? good luck.
No one knows if you're wrong but you state your reasons for entry and anticipated exit they may be able to tell you if they think it was a good decision.
  • #97,464
  • May 27, 2016 3:38am May 27, 2016 3:38am
Looks like it's compressing upwards, tho the main trend is down, so I'll be looking for shorts at ~ 726, with tight stop.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_2016_05_27.PNG Size: 49 KB
  • #97,465
  • Edited 4:29am May 27, 2016 4:15am | Edited 4:29am
I opened a short too, after I saw the doji and the hanging man candlesticks on the four-hour time frame below the resistance at 0.7230. I think next target is 0.7190.
  • #97,466
  • May 27, 2016 4:22am May 27, 2016 4:22am
Quoting Eurusdshort
hi guys... i'm long @0.71652 with tp 0.73 sl. 0.712 i'm i wrong? good luck.
Move your sl into the green.
20 Pips a day keeps centerlink away
  • #97,467
  • May 27, 2016 5:14am May 27, 2016 5:14am
Quoting Eurusdshort
hi guys... i'm long @0.71652 with tp 0.73 sl. 0.712 i'm i wrong? good luck.
Hi Eurusdshort...

All analysis n opinion before it happens is the gold paper, afterwards we can see the analysis n opinions who according to the market, at this time if people ask me, I would say the market is going down but I can't be sure n just hope my analysis in accordance market direction, I always look at the market conditions of the two sides, I really appreciate the difference ... because the market has two directions (except sideway lol)


Good luck mate
Libenter homines id quod volunt credunt
  • #97,468
  • May 27, 2016 5:35am May 27, 2016 5:35am
Quoting Eurusdshort
hi guys... i'm long @0.71652 with tp 0.73 sl. 0.712 i'm i wrong? good luck.
It needs to develop at least one leg to the upside, from an Elliot wave perspective. I expect 0.7250, at least. Lock your trade on profit when it hits that level!
  • #97,469
  • May 27, 2016 8:05am May 27, 2016 8:05am
This one is going down to 0.7040 maybe?
it rubs the lotion on its skin
  • #97,470
  • May 27, 2016 8:09am May 27, 2016 8:09am
aud/usd will hit .7040 by next week..... if not today.​
  • #97,471
  • May 27, 2016 8:36am May 27, 2016 8:36am
In my opinion AUDUSD in a downtrend n the closest target at .70945

Good luck
Attached Image
Libenter homines id quod volunt credunt
  • #97,472
  • May 27, 2016 8:55am May 27, 2016 8:55am
As a comparison with NZDUSD, NZDUSD also be in a down trend

Good luck

(Note: all can't be ascertained, the market is dynamic n can change direction according to the conditions, all the comments n posts just a personal opinion)
Attached Image
Libenter homines id quod volunt credunt
  • #97,473
  • May 27, 2016 9:05am May 27, 2016 9:05am
I'm still leaning down butt...last night on 4HR we did get a slightly Higher Low and Higher High. If current PA goes below .7161 that faint bullish indicator is negated.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
  • #97,474
  • May 27, 2016 9:20am May 27, 2016 9:20am
The market trend is not running in line, there is a swing (minor trend), my problem over the years is how to overcome the problem of swing, based on my chart (edit: NZDUSD), the strategy I use to take short 4 lots at .70250 (.70249), at .69300 (.69293) I took a long 3 lot and 1 lot short, the next step down as before, consider also the swap, because the long-short positions will take time...
Libenter homines id quod volunt credunt
  • #97,475
  • May 27, 2016 1:02pm May 27, 2016 1:02pm
Quoting big-cheez
This one is going down to 0.7040 maybe?
I haven't figured it out if this fall was, in fact, an impulse, cause it doesn't look like one, from the Elliot wave perspective.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM151.png Size: 30 KB
  • #97,476
  • May 27, 2016 1:14pm May 27, 2016 1:14pm
If the price will sky-rocket to the upside then is certain a triangle (expansive triangle) and only after the completion of wave E will have a major downside movement, possible to 0.7000. 0.7209 level has to remain intact to not to be a triangle.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM152.png Size: 27 KB
  • #97,477
  • May 27, 2016 1:29pm May 27, 2016 1:29pm
Quoting diavolul
If the price will sky-rocket to the upside then is certain a triangle (expansive triangle) and only after the completion of wave E will have a major downside movement, possible to 0.7000. 0.7209 level has to remain intact to not to be a triangle. {image}
Hi diavolul

Based on your chart, my question is the possibility of an increase or decrease?


Thank you and good luck mate
Libenter homines id quod volunt credunt
  • #97,478
  • May 27, 2016 2:02pm May 27, 2016 2:02pm
Quoting baliprada
{quote} Hi diavolul Based on your chart, my question is the possibility of an increase or decrease? Thank you and good luck mate
It will fall if doesn't touch 0.7209 level, but a higher degree of conviction will be only when will go below the 0.7144. And for upside, even tough I don't recommend entering it, even if the price goes to 0.7210 because the potential is limited and in any moment could reverse sharply to the 0.7144 and even lower.
  • #97,479
  • May 27, 2016 2:15pm May 27, 2016 2:15pm
Quoting diavolul
{quote} It will fall if doesn't touch 0.7209 level, but a higher degree of conviction will be only when will go below the 0.7144. And for upside, even tough I don't recommend entering it, even if the price goes to 0.7210 because the potential is limited and in any moment could reverse sharply to the 0.7144 and even lower.
Thanks Diavolul

I still worry about going swing

Good luck mate and have a great weekend
Libenter homines id quod volunt credunt
  • #97,480
  • Edited 5:16pm May 27, 2016 2:28pm | Edited 5:16pm
Quoting baliprada
{quote} Thanks Diavolul I still worry about going swing Good luck mate and have a great weekend
I worry about the possible upside move, cause I am fully loaded with shorts, but...what I can I do. The only thing I can do is deleveraging. And waiting. It's a pleasure, have a great weekend too!
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