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AUD/USD

  • #97,641
  • Jun 7, 2016 8:23am Jun 7, 2016 8:23am
Quoting skyhok
Potentially resuming down trend off this 0.7380 top. {image}
Hi Sky
What's missing from EW is fundemetal factors.If we get another 38K Job creation USD will continue to decline.That will change everything you have drawn
regards
In trading, you have to be defensive and aggressive at the same time
  • #97,642
  • Jun 7, 2016 9:11am Jun 7, 2016 9:11am
Somebody please advise, I'm already running short.... what are the chances of this pair going down?
Please check my screenshot attached.
Attached Image (click to enlarge)
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  • #97,643
  • Jun 7, 2016 9:55am Jun 7, 2016 9:55am
Remember all this gap at .77 needs to get covered.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-06-07-09-51-40-1.jpg Size: 690 KB
  • #97,644
  • Jun 7, 2016 10:14am Jun 7, 2016 10:14am
Quoting Montgomery
Somebody please advise, I'm already running short.... what are the chances of this pair going down? Please check my screenshot attached. {image}
Why u want to sell ...?

AUDlfx index bullish camp stay above 200EMA ....

Attached Image (click to enlarge)
Click to Enlarge Name: AUDLFXH4.png Size: 29 KB



Compare with USDltfx Index ... Bearish camp H4 ...

Attached Image (click to enlarge)
Click to Enlarge Name: USDLFXH4.png Size: 25 KB
  • #97,645
  • Jun 7, 2016 10:28am Jun 7, 2016 10:28am
Quoting mrhb30jr
{quote} Why u want to sell ...? AUDlfx index bullish camp stay above 200EMA .... {image} Compare with USDltfx Index ... Bearish camp H4 ... {image}
Now see AUDUSD H1 rejection candle to going down ... Price continue going up ...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 18 KB
  • #97,646
  • Jun 7, 2016 10:41am Jun 7, 2016 10:41am
long until around 0.7500
it rubs the lotion on its skin
  • #97,647
  • Edited 11:38am Jun 7, 2016 11:14am | Edited 11:38am
Quoting Davit
{quote} Hi Sky What's missing from EW is fundemetal factors.If we get another 38K Job creation USD will continue to decline.That will change everything you have drawn regards
Not trading with fundamentals, therefore no comments on that.
While trading with EW gives measurable setups with tight SL at invalidation point and full range target price, thus mostly trading on good Reward/Risk.
Elliott Wave for optimum entry, exit and risk management of trades
  • #97,648
  • Jun 7, 2016 11:42am Jun 7, 2016 11:42am
I opened a long position after it broke above 0.7380 and my target is at 0.7500.
  • #97,649
  • Jun 7, 2016 6:53pm Jun 7, 2016 6:53pm
Quoting jaynice
Remember all this gap at .77 needs to get covered. {image}
Hard to know exactly when you are talking about given your chart doesn't have X or Y axis labels but I'll assume you are talking about either 27/4/16 CPI news or 3/5/16 RBA Cash Rate (Australian dates). Based on my charts (attached) or FF charts you might want to check your feed as I don't see any gap that 'needs' to be filled / covered.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2704.jpg Size: 105 KB
Click to Enlarge Name: 0305.jpg Size: 101 KB
Hope for the best, prepare for the worst.
  • #97,650
  • Jun 7, 2016 7:19pm Jun 7, 2016 7:19pm
AUD @.7443

Here is one for the fundamentals camp

http://www.news.com.au/finance/busin...0355bc914439d8

Perhaps RBA should start listening instead of hoping.

Markets appear to be skittish and many are sidelined, on annual leave and/or waiting for the Brexit vote .

Winding back some risk would be a wise move unless you are prepared to trade like a Chinese Commodity punter and lose it all.
  • #97,651
  • Jun 7, 2016 11:41pm Jun 7, 2016 11:41pm
Just another for the fundamentalists

http://www.smh.com.au/comment/austra...06-gpcrtj.html

It needs more than luck
  • #97,652
  • Jun 7, 2016 11:50pm Jun 7, 2016 11:50pm
http://www.rba.gov.au/chart-pack/pdf...06-08-14-18-11
20 Pips a day keeps centerlink away
  • #97,653
  • Jun 8, 2016 12:06am Jun 8, 2016 12:06am
Quoting PaulDaemon
http://www.rba.gov.au/chart-pack/pdf...06-08-14-18-11
Should come with warning that it's 35 pages!
Hope for the best, prepare for the worst.
  • #97,654
  • Jun 8, 2016 12:17am Jun 8, 2016 12:17am
I've been waiting on 0.749 to short for what seems like a month, with PA my chance is getting closer
  • #97,655
  • Jun 8, 2016 12:56am Jun 8, 2016 12:56am
Quoting dab
{quote} Should come with warning that it's 35 pages!
Just though it would be interesting. Would need a whole week just to study them though.
20 Pips a day keeps centerlink away
  • #97,656
  • Jun 8, 2016 7:15am Jun 8, 2016 7:15am
#AUDUSD still looking good but could run out of steam..... trailing my SL..... Kudos to those long Aussie ​
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 6-8-16.png Size: 130 KB
"W. D. Gann said that time is the most important factor among all things."
  • #97,657
  • Jun 8, 2016 8:43am Jun 8, 2016 8:43am
Try not to catch tops and bottoms, these are the areas whereby traders will most likely blow their accounts.

Don't fix a target, don't assume that price will stop at .75 and make a U- turn. It can go further, it may not. Always have this 'benefit of doubt' mindset. Alot of pips can still be captured after a reversal had taken place. Let the corrective price action run first and complete its course (if you are a bear) OR ride it all out until bearish PA appears (if you are a bull).

Cheers!
  • #97,658
  • Jun 8, 2016 8:44am Jun 8, 2016 8:44am
Quoting SkyrEk
Try not to catch tops and bottoms, these are the areas whereby traders will most likely blow their accounts. Don't fix a target, don't assume that price will stop at .75 and make a U- turn. It can go further, it may not. Always have this 'benefit of doubt' mindset. Alot of pips can still be captured after a reversal had taken place. Let the corrective price action run first and complete its course (if you are a bear) OR ride it all out until bearish PA appears (if you are a bull). Cheers!
they are just so good when they are caught
  • #97,659
  • Jun 8, 2016 8:55am Jun 8, 2016 8:55am
Quoting Don96
{quote} they are just so good when they are caught
I know mate. That feeling is definitely awesome!

Charts are actually nice and simple, humans complicate it.

The double bottom at .714x region works out well. 300+ pips in play and running.

Have a great week ahead. 2more days to the weekends!
  • #97,660
  • Jun 8, 2016 10:18am Jun 8, 2016 10:18am
still long and it might go higher than 0.7500
it rubs the lotion on its skin
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