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AUD/USD

Quoting mamalujo
Just exited my barrage of long entries at 7680 with decent profit. feeling verrrry lucky n stupid for being indisciplined. I was long audusd after bad US data on friday, how ever i missed the opportunity to exit around 7720, so i got angry and kept adding long positions as price kept dropping all the way down to 7645. So of course i could not enjoy my weekend seeing that i was a sitting duck in a pool of alligators, market could have opened with a gap down or price could have dropped below7635( asia low). really could not sleep as 100 pips...
Thank you for your honest post.

Just do not do it again. Find a way which does not keep you awake.
trading is simple but is simple is not easy.
Quoting ZenNy
{quote} Thank you for your honest post. Just do not do it again. Find a way which does not keep you awake.
oh most defintely.
Planning to go long after trend line break)
The pale gray diagonal lines are cycles, I believe that the price will reach the median line of the channel just before completing another cycle, Im also waiting for the trend line in rsi to be broken for a bullish signal
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The truth is hidden from you
Huge yawn. Days like this offer terrible risk ratios. I've found myself taking miserly 3-4pip profits after enduring it go as far as 10pips against me. Lack of confidence in the market, but yet trying to achieve a net gain.
AUD now skirting the underside of the 100hma. Seeing that it's unable to break through after a 25+pip climb, I've taken on a short trade aiming for 7674 (closed at 7680...not going to leave it to risk during the next few hours of thin liquidity. see what happens when asia returns later.)
Overall, quite convinced now that this is still a bull's market...unless the 200hma gets retaken in the next trading session.
Bulls' market overall but timing your trade entry is key. Trade safe.

KP
Do your homework, follow the footprints of smart money
could be a possible setup here

i'll be watching to see if price breaks below that weekly pp to reenter with a target at the weekly s1. should be around 1:2 risk/reward
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Quoting noFXguru
could be a possible setup here i'll be watching to see if price breaks below that weekly pp to reenter with a target at the weekly s1. should be around 1:2 risk/reward {image}
Good idea, i am short from 7699 but i dont know where is my target! its related to market.

i just some worried about today news and Thursday.

Maybe market go to last week high then go down
Quoting Fader123
{quote} RBA minutes - indicate "only a small chance of a reduction in the cash rate at the present meeting" This is bullish on the AUD- up 20 pips since 7am COT increased longs as well Approaching offers .7680 and .7700- so expecting some resistance Going to hold it for the rest of the day I think- and just trail it

The August Minutes haven't been released yet - 2 hours to go.
Likely to of been superseded by last week's release of the quarterly SoMP anyway.
mysterious fall, unaccounted for. such moves which don't make sense (sudden large moves) usually get faded.
AUD fallen below 200hma to the bottom of the trend channel again.
i see this as a great buy opportunity. went long a little too early at 7664. adding now.
be careful that this may be a fake break below the 200hma cos it didn't run (plus we're in the asian session now). And if it does get back above, it's yet another warning signal for bears. bulls need it to go above the 100hma for solid confidence.
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Quoting ell3
mysterious fall, unaccounted for. such moves which don't make sense (sudden large moves) usually get faded. AUD fallen below 200hma to the bottom of the trend channel again. i see this as a great buy opportunity. went long a little too early at 7664. adding now. be careful that this may be a fake break below the 200hma cos it didn't run (plus we're in the asian session now). And if it does get back above, it's yet another warning signal for bears. bulls need it to go above the 100hma...
closed long @ 7675...opted to take profit where some resistance was showing, just in case...always better to lock in some rather than none!
took short @ 7689, which is on the limit of the 100hma. doesn't look ready to break through yet. maybe europe will do the job later. for now, shall see how deep this will run before hopefully closing with a few pips in the bag, otherwise coming out at breakeven shouldn't be a problem.
leaning on these key levels for intraday trades should provide some good profit for the taking, with limited risk.
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Quoting MaxenshteinD
Planning to go long after trend line break) The pale gray diagonal lines are cycles, I believe that the price will reach the median line of the channel just before completing another cycle, Im also waiting for the trend line in rsi to be broken for a bullish signal {image}
Just as I planned)))
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The truth is hidden from you
Seems like it's regained the second green line support there. Will it get sold off again before making new highs though, that's the question.
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I can't understand how the AUD is gaining bullish momentum when BHP had their biggest loss in history. What gives ????
Quoting llonigro
I can't understand how the AUD is gaining bullish momentum when BHP had their biggest loss in history. What gives ????
Its USD weakness again. Its figures after every "pro" analyst talking about the dollar turning bullish again despite no fed hike.

AUD is down or flat on just about every pair except USD.
20 Pips a day keeps centerlink away
Quoting llonigro
I can't understand how the AUD is gaining bullish momentum when BHP had their biggest loss in history. What gives ????
AUD go down but maybe go to last week high after that drop

i think last week candle make the market bearish

i really dont like this pair i dont know why i trade on this pair

but at this time some thing make me happy:
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The high printed so far at 7740 hits the upper descending trend line. A good TOP to "pick" for now and sell into. I sold in early again (sigh) at 7730. But I'll probably close out before US CPI. Don't want to swallow any data risk.
Quoting ell3
The high printed so far at 7740 hits the upper descending trend line. A good TOP to "pick" for now and sell into. I sold in early again (sigh) at 7730. But I'll probably close out before US CPI. Don't want to swallow any data risk.
I think The USD news make this pair down or no?
Quoting hamidabdiyan
{quote} I think The USD news make this pair down or no?
Yes, especially at the moment... RBA has no bullet's left, so the "wild west" is in control.
Follow me at andrewfx2020 (dot) com
Quoting PaulDaemon
{quote} Its USD weakness again. Its figures after every "pro" analyst talking about the dollar turning bullish again despite no fed hike. AUD is down or flat on just about every pair except USD.
It's really hard to see AUD/USD heading down in the very short term (this week at least)... The 4H really says it all.

EDIT: Image.
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