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AUD/USD

  • #99,161
  • Oct 17, 2016 11:50pm Oct 17, 2016 11:50pm
Quoting jpcashflow
Looks like AUD has peaked for the day looking at a sharp selling off period for the next day or two.
Impressive analysis, how about we give London & New York a chance to decide?
It takes a lot for me to IGNORE you, but you can try.
  • #99,162
  • Oct 17, 2016 11:53pm Oct 17, 2016 11:53pm
Quoting Erebus
{quote} Impressive analysis, how about we give London & New York a chance to decide?
Hope your not being sarcastic.... lol...

Believe me banks / hedge funds are allready working in London in and New York,,
  • #99,163
  • Oct 18, 2016 12:04am Oct 18, 2016 12:04am
maybe a time to look for reversal )))
edited: ig picture sorry
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  • #99,164
  • Oct 18, 2016 12:47am Oct 18, 2016 12:47am
In my opinion, the period of raw material price fell down just end.
Bullish on AU.
  • #99,165
  • Oct 18, 2016 1:10am Oct 18, 2016 1:10am
Levels to watch .76900 to .77100
Waiting for a sell at .77100
20 Pips a day keeps centerlink away
  • #99,166
  • Oct 18, 2016 1:37am Oct 18, 2016 1:37am
Quoting jpcashflow
{quote} Hope your not being sarcastic.... lol... Believe me banks / hedge funds are allready working in London in and New York,,
WOW, look at it go UP.... what were you forecasting?
It takes a lot for me to IGNORE you, but you can try.
  • #99,167
  • Oct 18, 2016 2:35am Oct 18, 2016 2:35am
AUDUSD mostly like to reached at least 0.7720 before go down ....

ABCD, AB leg = 143pips, CD leg still gained only 100pips, 40 more to go up!
  • #99,168
  • Oct 18, 2016 3:01am Oct 18, 2016 3:01am
Quoting ItsAtrap
Hello everyone. I am still long since 7 Oct. When the price dipped earlier this week, I got filled on additional buy orders. I just added some more now, and have moved all stops to lock in profits and leave only a fraction of the position (only my latest longs) at risk. Hourly chart posted. I had previously posted the weekly chart on the basis of which I entered long on the 7th, and that chart still shows long based on my approach to trading. {image}

Morning. I am still long, SL still a bit below my latest long entries. No signs of short reversal, even in the hourly timeframe. Charts still bullish, with uptrend accelerating

Careful with trying to pick a top with this one. Likely to eat your capital
  • #99,169
  • Oct 18, 2016 3:27am Oct 18, 2016 3:27am
Quoting ItsAtrap
{quote} Morning. I am still long, SL still a bit below my latest long entries. No signs of short reversal, even in the hourly timeframe. Charts still bullish, with uptrend accelerating Careful with trying to pick a top with this one. Likely to eat your capital
Great advice, this is what I posted the morning of the GBP flash crash

http://www.forexfactory.com/showthre...10#post9181910

Go back thru the posts and see how many were posting their buys LOL

it was bye bye account for them
It takes a lot for me to IGNORE you, but you can try.
  • #99,170
  • Oct 18, 2016 5:55am Oct 18, 2016 5:55am
Given the sentiment towards this pair today, highly likely it will close the gap up to 7710-20. The topside trendline will be ignored. How it behaves after that will determine where it goes from here. Maybe alas the pair will sit in a new range; or it will fail and come back down within the topside trendline.
  • #99,171
  • Oct 18, 2016 6:22am Oct 18, 2016 6:22am
Quoting Erebus
{quote} Great advice, this is what I posted the morning of the GBP flash crash http://www.forexfactory.com/showthre...10#post9181910 Go back thru the posts and see how many were posting their buys LOL it was bye bye account for them
Depends on what "top" or "bottom" you're trying to pick. The GBP had no known technical support so the risk was big. The AUD on the other hand has definable topside resistance. Gives good risk/return as long as one knows when to exit the trade if it turns bad.

Anyway dude, it's never good to laugh at someone else's losses
  • #99,172
  • Oct 18, 2016 6:57am Oct 18, 2016 6:57am
Quoting ell3
{quote} Depends on what "top" or "bottom" you're trying to pick. The GBP had no known technical support so the risk was big. The AUD on the other hand has definable topside resistance. Gives good risk/return as long as one knows when to exit the trade if it turns bad. Anyway dude, it's never good to laugh at someone else's losses
Good advice

Its better to educate those that loose instead of laugh. I too were long on the pound at post brexit support ( if you would call it that) So many lost their entire accounts and this is ONLY due to poor MM. I lost 4% that day and made it back 3 days later.

Im looking for a short at .77100. Was considering at .76900, which looks like would of been a good 15 pips at this stage.

Employment data out tomorrow and rather wait for that
20 Pips a day keeps centerlink away
  • #99,173
  • Oct 18, 2016 8:28am Oct 18, 2016 8:28am
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  • #99,174
  • Oct 18, 2016 9:28am Oct 18, 2016 9:28am
Quoting PaulDaemon
{quote} Good advice Its better to educate those that loose instead of laugh. I too were long on the pound at post brexit support ( if you would call it that) So many lost their entire accounts and this is ONLY due to poor MM. I lost 4% that day and made it back 3 days later. Im looking for a short at .77100. Was considering at .76900, which looks like would of been a good 15 pips at this stage. Employment data out tomorrow and rather wait for that
I had a sell order at .76896, with TP 10pips. The high print on my broker went to .76895. Such a bummer, it missed taking up my order by .1pip. Yeah waiting for Thursday's employment data.
  • #99,175
  • Edited 1:55pm Oct 18, 2016 11:46am | Edited 1:55pm
This was hard day, but took profit from some shorts and now keep my shorts till 0.7640/25 with stop loss 0.7695. There are trend line and fibonacci resistance. Have a green trades everyone!
+ friday was good news for US, today and looks that tomorrow will be, but about AUD employment data have two forecasts - negative (OANDA) and positive(FF).
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  • #99,176
  • Oct 18, 2016 1:15pm Oct 18, 2016 1:15pm
Hi all. What are the long term predictions? I have a short from 0.7660. Goal - 0.7380 the of the level 61.8% Fibonacci retracement from 30.05.2016. Then, I think, will be the resumption of the uptrend.
The Heir To The Fibonacci
  • #99,177
  • Oct 18, 2016 5:04pm Oct 18, 2016 5:04pm
[quote=nrsxvi;9205058]Hi all. What are the long term predictions? I have a short from 0.7660. Goal - 0.7380 the of the level 61.8% Fibonacci retracement from 30.05.2016. Then, I think, will be the resumption of the uptrend.[/quote


I see around 0.82 or so, based on my projections for Oil and CAD and rough correlation with AUD. However, I think there is still going to be some heavy chop-chop action for a couple weeks to a month. I don't think THE trend has started yet. Lock profits or at least move stops to b/e
  • #99,178
  • Oct 18, 2016 8:15pm Oct 18, 2016 8:15pm
Aud is still mimicking iron ore.

http://www.businessinsider.com.au/ir...se-gdp-2016-10

Ore Spot price has kicked up a couple of % the last few days. Similar to that of the AUD.

On top of this Coal has risen over 100% last half year. I didnt notice this until recently, and i dare say if this didnt happen AUD would be at .70 rather than the .75.

Everything is just noise limited to a range, unless the US can pull their heads out of their butts, I'm watching commdities to make my trades. With China as secretive as they are it's difficult, pundits saying ore will ease to $45 a ton next year (from $58 currently). But China is still heated and its hard to see that. The next couple of months will tell the story.
  • #99,179
  • Oct 18, 2016 9:13pm Oct 18, 2016 9:13pm
Not too good news for China, good US data (was and forecast), trend line and fibonacci... I hope that now AUD/USD will go down at least to 0.7640/25.

As said one of forex broker company main analyst - to trade AUD/USD need very, very big patience!
  • #99,180
  • Oct 18, 2016 10:37pm Oct 18, 2016 10:37pm
[quote=ItsAtrap;9205283]
Quoting nrsxvi
Hi all. What are the long term predictions? I have a short from 0.7660. Goal - 0.7380 the of the level 61.8% Fibonacci retracement from 30.05.2016. Then, I think, will be the resumption of the uptrend.[/quote I see around 0.82 or so, based on my projections for Oil and CAD and rough correlation with AUD. However, I think there is still going to be some heavy chop-chop action for a couple weeks to a month. I don't think THE trend has started yet. Lock profits or at least move stops to b/e
I would rather trade these pair not on the long term.. It can be long period of waiting and the price will be likely jump upside and down, before it will reach your target.. Unless there is some impact news that can move the pair 100 pips in a day and strong enough to continue the movement on the second day..

I trade base on daily and 4 h and 1 h chart for now. Try to get 30-50 pips if can.. But also need to protect at least 120-140 pips distance if things turn against my position.

Have a good trade friend.
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