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AUD/USD

  • #97,581
  • Jun 2, 2016 7:55am Jun 2, 2016 7:55am
Quoting stulic
{quote} Sorry I thought these were your trades from earlier and were closed by hitting that TP target of 72952 which was the top for 11 days. It got rejected there so if I would buy again I wouldn't necessarily choose that same top as my TP, that's banking on retest and a double top rejection. Than again anything can happen.
No problem. I'll learnt from this bad trade on how taking a double top rejection more seriously.

I reckon it won't below fall the weekly pivot for now?
  • #97,582
  • Jun 2, 2016 8:54am Jun 2, 2016 8:54am
Quoting PaulDaemon
{quote} And then they blame it on market manipulation...
95% loosers will forever be. Even when everything is lined up for good setup they take the opposite, hoping that market will obey them.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 9.2%
  • #97,583
  • Jun 2, 2016 9:00am Jun 2, 2016 9:00am
Here's an interesting one. H4
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 41 KB
Don't get mad, get even!
  • #97,584
  • Jun 2, 2016 9:50am Jun 2, 2016 9:50am
Quoting stulic
Here's an interesting one. H4 {image}
it is,

major JPY crosses currently within important support area ... the weakest is EJ the strongest is AJ
  • #97,585
  • Jun 2, 2016 10:42am Jun 2, 2016 10:42am
Quoting 9jatrader
{quote} 95% loosers will forever be. Even when everything is lined up for good setup they take the opposite, hoping that market will obey them.
We are 5% of the entire forex (retail traders)...large banking institutions 40%, corps 15%, small Banks 15%, Hedge Funds 25%...

Central Banks...what percent are they???

They can literally utter some rumors and make the market go where they want....I feel they have 100% control whenever they choose. Still thanking the heavens I didn't trade CHF at all when the bank finally decided to abandon the 1.20 floor.

Is the qoute for 95% retail traders?...or the market abroad?

and I know this is not YOUR qoute. it is a general understanding...just wanting to open up that discussion.
  • #97,586
  • Jun 3, 2016 3:14am Jun 3, 2016 3:14am
Recent wave action of a correction 4, before resuming trend down in few days time.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1 3Jun16.png Size: 40 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #97,587
  • Jun 3, 2016 8:47am Jun 3, 2016 8:47am
Quoting skyhok
Recent wave action of a correction 4, before resuming trend down in few days time. {image}
really? i dont think so.
  • #97,588
  • Jun 3, 2016 8:48am Jun 3, 2016 8:48am
Quoting BDardenTrade
I think a better shorting opportunity is around 7350. IF that. I feel that were forming an expanding triangle on the bearish end. If not that there may be quite a large retrace. Look at the weekly. ON the weekly we are bullish. and price turned around right at the border of my weekly ascending line. I think we are at least in for a sizable correction. The fundamental divergence in policy is more questionable with the new data and not as certain. Additionally. the article that stated the 1.1 figure it appears no shorts took full heed to it....this...
Looking at resistance at 7350...don't believe it will hold off us weakness. Add in to for those long USD prior to June 6th and Yellen. 7400 is likely to be a retrace point appear to be a point were USD has similar resistance with all crosses. My USD/jpy short is on fire! Also gold is gaining upward momentum going to raise stops and see how long this last. Also remember aid is in monthly upward at bottom of range. If rate off the table on the 6th USD weakness abounds!
  • #97,589
  • Edited 9:53am Jun 3, 2016 9:27am | Edited 9:53am
Quoting socnau
{quote} really? i dont think so.
It's always going down in the long run, even if it's going up now.
  • #97,590
  • Jun 3, 2016 9:45am Jun 3, 2016 9:45am
despite aussie economy is pretty bad now, it is due to low commodities price. with oil supply glut is re-balancing, so is aussie economy. audusd would be .85c in the near future. also, there will be no rate hike from fed
  • #97,591
  • Jun 3, 2016 9:52am Jun 3, 2016 9:52am
Quoting socnau
despite aussie economy is pretty bad now, it is due to low commodities price. with oil supply glut is re-balancing, so is aussie economy. audusd would be .85c in the near future. also, there will be no rate hike from fed
I'll die laughing at your analysis... it will be 0,65 before it goes even to 0.80.
Tell me how re-balancing of oil supply helps our economy? )))
  • #97,592
  • Jun 3, 2016 10:39am Jun 3, 2016 10:39am
Apartments oversupply in oz major cities will force RBA to do rate cuts. Construction and housing market are extremely important to OZ now, those two areas absorbs labors from other areas.

AUD needs to be kept under 0.65 to solve the gov debt, inflation rate and house market.
  • #97,593
  • Jun 3, 2016 10:39am Jun 3, 2016 10:39am
Quoting andexQ
Hmmmm ... maybe H4 {image}
LOL ...

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  • #97,594
  • Jun 3, 2016 1:25pm Jun 3, 2016 1:25pm
should i stay or leave the trade and take my Profit??!
Attached Image (click to enlarge)
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  • #97,595
  • Jun 3, 2016 1:58pm Jun 3, 2016 1:58pm
Quoting andexQ
{quote} LOL ... {image}
next probably heading to around .74
  • #97,596
  • Jun 3, 2016 3:46pm Jun 3, 2016 3:46pm
Recon 7400 will be hit then would be backing a move lower - Im still fundamentally backing a US rate hike (maybe not as soon) - jobs growth historically lags GDP and a pretty poor start to the year will probably be having an effect. Retail payrolls are up so could see strength coming back there! In an economy that MUST be near / at full employment - I find it hard to believe that so many people are surprised that the job market seems so saturated!
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  • #97,597
  • Jun 3, 2016 3:53pm Jun 3, 2016 3:53pm
Quoting alfalasi
should i stay or leave the trade and take my Profit??! {image}
Stay!

I am in with you! 0.75 easy money, longer targets 0.81

Keep longs, good positive swap
Attached Image (click to enlarge)
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  • #97,598
  • Jun 3, 2016 4:36pm Jun 3, 2016 4:36pm
I exited at 3:05 after my swap went thru. 80 pips. For 2 reasons. 7350 was my target. And am trying a new strategy next open trading day. I can see room all the way to 7500 but not beyond. USD across the board had incredible stopping power on all pairs wound not be surprised if we revisit 7200. I don't believe we break 7500 or 7100 until after the mid June meet and get guidance.
  • #97,599
  • Jun 3, 2016 10:53pm Jun 3, 2016 10:53pm
Copy.
thank you
  • #97,600
  • Jun 4, 2016 7:14am Jun 4, 2016 7:14am
#AUDUSD Pyramid style trading has begun long @ 0.7242 @ 0.7298..... Aussie working on wave 3......
Attached Image (click to enlarge)
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