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AUD/USD

  • #98,001
  • Jul 17, 2016 7:28pm Jul 17, 2016 7:28pm
I'm long in the bottom of 4Hr channel
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4 1807.png Size: 43 KB
Lets go grab some PIPS
  • #98,002
  • Jul 17, 2016 8:27pm Jul 17, 2016 8:27pm
The AUDUSD stays around the 0.7600 level, but the bullish trend seems to stay in place. The next resistance could be the 0.7700 level.
  • #98,003
  • Jul 18, 2016 5:54am Jul 18, 2016 5:54am
Quoting dab
{quote} Are you able to share where you got this information? It is good info and would be handy to know in advance (ie before prices got pushed up as well as what we do know in advance - that they are likely to drop in August)
http://in.mobile.reuters.com/article...A41D3?irpc=932
  • #98,004
  • Jul 18, 2016 8:11am Jul 18, 2016 8:11am
be aware for LONGS

https://www.tradingview.com/x/c7Gvqbyv
  • #98,005
  • Jul 18, 2016 10:14am Jul 18, 2016 10:14am
do not go long on this pair, warning!!!!

Thanks
  • #98,006
  • Jul 18, 2016 10:47am Jul 18, 2016 10:47am
Quoting piratachile
be aware for LONGS https://www.tradingview.com/x/c7Gvqbyv
Why?
  • #98,007
  • Jul 18, 2016 6:19pm Jul 18, 2016 6:19pm
Quoting dallytrader
I'm long in the bottom of 4Hr channel {image}
May I know, why did you long on this pair, looking at your chart, it looks like the uptrend has exhausted and downfall is likely.
  • #98,008
  • Jul 18, 2016 6:53pm Jul 18, 2016 6:53pm
Quoting izzas
{quote} May I know, why did you long on this pair, looking at your chart, it looks like the uptrend has exhausted and downfall is likely.
Does it matter why someone is long when his -63% year to date...
for that matter it really does not matter who does what.What's important is YOU
In trading, you have to be defensive and aggressive at the same time
  • #98,009
  • Jul 18, 2016 6:55pm Jul 18, 2016 6:55pm
Quoting mamalujo
{quote} Why?
Stick to your plan! Learn to ignore the noise
In trading, you have to be defensive and aggressive at the same time
  • #98,010
  • Jul 18, 2016 7:29pm Jul 18, 2016 7:29pm
Quoting Davit
{quote} Does it matter why someone is long when his -63% year to date... for that matter it really does not matter who does what.What's important is YOU
this is what forum is all about, to spur discussion, the reason why am I asking was I want to understand his reason, maybe he is seeing something that I am not, and I might learn something from it. please be more open dude. read other with open mind.
  • #98,011
  • Jul 18, 2016 8:47pm Jul 18, 2016 8:47pm
A market where everyone is expecting the RBA to cut in August. Waiting for the minutes to spoon feed them that a cut is guaranteed. That was always going to disappoint in some fashion...

So the minutes are released and the spoon feeding dovish rhetoric wasn't enough to satisfy and he first level of support that price pulled back to (the channel bottom) was bought.

Ah markets!
Attached Image (click to enlarge)
Click to Enlarge Name: 160719_audusd_4hour2.png Size: 68 KB
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #98,012
  • Jul 18, 2016 8:51pm Jul 18, 2016 8:51pm
Quoting izzas
{quote} this is what forum is all about, to spur discussion, the reason why am I asking was I want to understand his reason, maybe he is seeing something that I am not, and I might learn something from it. please be more open dude. read other with open mind.
I am very open in fact so open that I openly share what I do however when I make a decision its me who is making and care less what 99% of FF members do.Its not arrogance but how market works.Its a zero sum gain and energy just transfers from A to B and at all times someone is losing or winning.
What are you going to be a yo-yo going up and down because someone thinks different? My point is asking someone why is irrelevant watch the charts!
regards
In trading, you have to be defensive and aggressive at the same time
  • #98,013
  • Jul 18, 2016 11:59pm Jul 18, 2016 11:59pm
Quoting Davit
{quote} I am very open in fact so open that I openly share what I do however when I make a decision its me who is making and care less what 99% of FF members do.Its not arrogance but how market works.Its a zero sum gain and energy just transfers from A to B and at all times someone is losing or winning. What are you going to be a yo-yo going up and down because someone thinks different? My point is asking someone why is irrelevant watch the charts! regards
Your post is irrelevant to this thread. Please dont post if you arent going to contribute information about this pair, instead of just general info about trading that hundreads of threads already exist.
Vantage interesting chart, price may stall here? Not sure the cuts are priced in. CPI on the 27th should determine direction.
  • #98,014
  • Jul 19, 2016 12:37am Jul 19, 2016 12:37am
Quoting redalert
{quote} http://in.mobile.reuters.com/article...A41D3?irpc=932
Thank you!
Hope for the best, prepare for the worst.
  • #98,015
  • Jul 19, 2016 12:39am Jul 19, 2016 12:39am
Quoting izzas
{quote} this is what forum is all about, to spur discussion, the reason why am I asking was I want to understand his reason, maybe he is seeing something that I am not, and I might learn something from it. please be more open dude. read other with open mind.
Good response IMO. Also your comment in previous post about exhaustion - what is the sign of that? Is it failure of previous up move to reach top of the channel?
Hope for the best, prepare for the worst.
  • #98,016
  • Jul 19, 2016 12:54am Jul 19, 2016 12:54am
Quoting dab
{quote} Good response IMO. Also your comment in previous post about exhaustion - what is the sign of that? Is it failure of previous up move to reach top of the channel?
Yes the failure to move upward. based on basic trend , price need to create higher high if it want to continue the bullish trend but it has move otherwise. thus I believe the bullish trend might as ended. shorting is most favorable action to think right now.
  • #98,017
  • Jul 19, 2016 1:25am Jul 19, 2016 1:25am
Quoting izzas
{quote} Yes the failure to move upward. based on basic trend , price need to create higher high if it want to continue the bullish trend but it has move otherwise. thus I believe the bullish trend might as ended. shorting is most favorable action to think right now.
Thanks, I'm already short and have closed some of my higher positions on the move so far. For most I'd recommend waiting for a pullback before trying to short, otherwise risks going short near a bottom.

E/A cross supports the recent A/U high as being end of a bull run or close to it given that high corresponded with long term support around 1.44 / 1.45 levels on E/A
Hope for the best, prepare for the worst.
  • #98,018
  • Jul 19, 2016 1:34am Jul 19, 2016 1:34am
I have closed my shorts as well price was getting close to 200ma on 4h and expect a bounce up. how much I dont know if any. If we get a close below 200ma will look for another entry.
20 Pips a day keeps centerlink away
  • #98,019
  • Jul 19, 2016 3:21am Jul 19, 2016 3:21am
0.7460 is a good entry level for longs.
  • #98,020
  • Jul 19, 2016 3:33am Jul 19, 2016 3:33am
Quoting PaulDaemon
I have closed my shorts as well price was getting close to 200ma on 4h and expect a bounce up. how much I dont know if any. If we get a close below 200ma will look for another entry.
true, I also waiting for reentry short.. waiting for a retracement at a right and short until end of down trend
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