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AUD/USD

  • #99,821
  • Nov 24, 2016 4:22pm Nov 24, 2016 4:22pm
Quoting Jfrancis
Now this B wave is not complete. Expecting 1 more move down before going up for the C wave. {image}
Maybe I am wrong but this totally contradicts the previous post
  • #99,822
  • Nov 24, 2016 4:30pm Nov 24, 2016 4:30pm
I was reading the USELESS THREAD as recommended by another FF member (thanks btw)

They know way too much (even if they are full of BS I wouldnt know!)
Anyhow I wonder, how on freaking earth do you get Fundamental knowledge?

Good traders seem to use fundamentals. They tell you to get your facts or expectations right and then start analysis with technicals when to get in, where you expect to leave, set SL and such.

This Sisse guy gives an example of a guy overhearing a conversation about a new cell phone from company XYZ lunching an improvement which can revolutionize the market and make a share go up yada yada yada... Point is this guy expects XYZ to go up due to a rumour from a CEO or CIO or some top guy...from then on he trades his expectations.... all good..wonderful

NOW? how can a working joe like me get this sort of info??? I dont get invited to fancy cocktail parties and listen to top chief exec..do you?

So how can we get the fundamentals fck right? Internet? is full of BS. Newspapers? is old news and also BS....
  • #99,823
  • Nov 24, 2016 5:41pm Nov 24, 2016 5:41pm
Quoting thewriter30
I was reading the USELESS THREAD as recommended by another FF member (thanks btw) They know way too much (even if they are full of BS I wouldnt know!) Anyhow I wonder, how on freaking earth do you get Fundamental knowledge? Good traders seem to use fundamentals. They tell you to get your facts or expectations right and then start analysis with technicals when to get in, where you expect to leave, set SL and such. This Sisse guy gives an example of a guy overhearing a conversation about a new cell phone from company XYZ lunching an improvement which...
Follow economic news? Not that hard actually.
  • #99,824
  • Nov 24, 2016 5:47pm Nov 24, 2016 5:47pm
Quoting Starcraftmaz
{quote} Follow economic news? Not that hard actually.
fundamentals and news go together but subtle difference

fundamentally USA economic supports an interest rate hike, USD is strong

news is when that happens, USD can spike up and then go down because hey, that was priced in

LOL
It takes a lot for me to IGNORE you, but you can try.
  • #99,825
  • Nov 24, 2016 6:26pm Nov 24, 2016 6:26pm
Quoting thewriter30
I was reading the USELESS THREAD as recommended by another FF member (thanks btw) They know way too much (even if they are full of BS I wouldnt know!) Anyhow I wonder, how on freaking earth do you get Fundamental knowledge? Good traders seem to use fundamentals. They tell you to get your facts or expectations right and then start analysis with technicals when to get in, where you expect to leave, set SL and such. This Sisse guy gives an example of a guy overhearing a conversation about a new cell phone from company XYZ lunching an improvement which...
If you are trading AUD by reading though this site http://www.rba.gov.au
and this site http://www.abs.gov.au

and maybe this http://www.budget.gov.au/2016-17/con...bp1_bs3-01.htm

Just to point out news trading and fundamental trading is a different ball game.
20 Pips a day keeps centerlink away
  • #99,826
  • Nov 24, 2016 6:38pm Nov 24, 2016 6:38pm
Quoting Erebus
{quote} fundamentals and news go together but subtle difference fundamentally USA economic supports an interest rate hike, USD is strong news is when that happens, USD can spike up and then go down because hey, that was priced in LOL
Okey maybe "news" was not the best term. How about economic commentary?

If you are interested in trading AUDUSD, I recommend www.macrobusiness.com.au
  • #99,827
  • Nov 24, 2016 7:01pm Nov 24, 2016 7:01pm
They know way too much (even if they are full of BS I wouldnt know!)
Anyhow I wonder, how on freaking earth do you get Fundamental knowledge?

Good traders seem to use fundamentals. They tell you to get your facts or expectations right and then start analysis with technicals when to get in, where you expect to leave, set SL and such.

This Sisse guy gives an example of a guy overhearing a conversation about a new cell phone from company XYZ lunching an improvement which can revolutionize the market and make a share go up yada yada yada... Point is this guy expects XYZ to go up due to a rumour from a CEO or CIO or some top guy...from then on he trades his expectations.... all good..wonderful

NOW? how can a working joe like me get this sort of info??? I dont get invited to fancy cocktail parties and listen to top chief exec..do you?

So how can we get the fundamentals fck right? Internet? is full of BS. Newspapers? is old news and also BS....

reeeeeeeeeedooooooooooooooom!

the closest you will get to hot news that drives the market before most even know about it is http://ransquawk.com/ . Lot of pro's use this but it is a paid service. News trading..
  • #99,828
  • Nov 24, 2016 7:43pm Nov 24, 2016 7:43pm
Quoting Pip-Miner
They know way too much (even if they are full of BS I wouldnt know!) Anyhow I wonder, how on freaking earth do you get Fundamental knowledge? Good traders seem to use fundamentals. They tell you to get your facts or expectations right and then start analysis with technicals when to get in, where you expect to leave, set SL and such. This Sisse guy gives an example of a guy overhearing a conversation about a new cell phone from company XYZ lunching an improvement which can revolutionize the market and make a share go up yada yada yada... Point is...
I have had a look at a few of them. Was thinking about getting the WBP online terminal but the news releases were slower than FF at a cost of $450 US per year. It has also now closed up. In the end I think they all are not worth it and found its better to put up with the FF and MYFX book news calendars. and its better advice dont trade the news unless you have a good news trading strategy.
20 Pips a day keeps centerlink away
  • #99,829
  • Nov 24, 2016 8:00pm Nov 24, 2016 8:00pm
As usual I and probably as many other appreciate all of your posts and insights. Trading is lonely business
  • #99,830
  • Nov 24, 2016 8:08pm Nov 24, 2016 8:08pm
Quoting Starcraftmaz
{quote} Okey maybe "news" was not the best term. How about economic commentary? If you are interested in trading AUDUSD, I recommend www.macrobusiness.com.au
Hi there,
is not that easy really. All reports contradict each other. I wanted to create a blog with same guys saying XYZ goes up and say exactly the opposite a month later...turds!
I am starting to think you need a degree in economics or sth to get a chance at this... will keep reading and will check those websites.

Just took a look at http://www.budget.gov.au/2016-17/con...bp1_bs3-01.htm
I am ashamed to say this might as well be written in Chinese...I can't draw a conclusion out of all those variables and statistic.
i hold a bachelor's degree in computer science by the way...in case it matters for anything.
  • #99,831
  • Nov 24, 2016 10:36pm Nov 24, 2016 10:36pm
Quoting Fhn2557
{quote} Yuo have been saying for quite a while now that we are already in wave 5 which will go down to the low 70s...and now you say it is going back up "as you are expecting"..can you make up your mind? This was from your post 5 days ago: {image}

lol you obviously dont know anything about wave analysis. and no I didnt say anything about being in a wave 5.
  • #99,832
  • Nov 24, 2016 10:39pm Nov 24, 2016 10:39pm
Quoting thewriter30
{quote} Maybe I am wrong but this totally contradicts the previous post
I am explaining the correction that is currently taking place before the continuation to the downside
  • #99,833
  • Nov 24, 2016 10:41pm Nov 24, 2016 10:41pm
Attached Image (click to enlarge)
Click to Enlarge Name: download (49).png Size: 72 KB

This is the overall forecast. Obviously the market doesnt move in one straight line.

So im showing the pullback it will make before going to the target.
Attached Image (click to enlarge)
Click to Enlarge Name: download (50).png Size: 76 KB
  • #99,834
  • Nov 24, 2016 10:46pm Nov 24, 2016 10:46pm
Anybody could say "Aussie is going down" but im giving detailed step by step on how it is going to go down.

I am showing the correction(pullback) before it goes down.
Attached Image (click to enlarge)
Click to Enlarge Name: download (64).png Size: 94 KB
  • #99,835
  • Nov 24, 2016 10:50pm Nov 24, 2016 10:50pm
Quoting Fhn2557
{quote} Yuo have been saying for quite a while now that we are already in wave 5 which will go down to the low 70s...and now you say it is going back up "as you are expecting"..can you make up your mind? This was from your post 5 days ago: {image}
Show me where I have not been spot on with Aussie's analysis
  • #99,836
  • Nov 24, 2016 10:51pm Nov 24, 2016 10:51pm
Quoting Jfrancis
{quote} lol you obviously dont know anything about wave analysis. and no I didnt say anything about being in a wave 5.
Yes, i dont know much about wave analysis and i am glad i dont. I am here mainly to observe the traders' mood and overall view (hence my participation is very few), as one of the guys mentioned recently that when everyone seems in a buying mode and they put very high figures of possible gain... then it is time to sell, and vice-versa, and that is my strategy, and guess what...it WORKS!

While i am being humble, but for you i will make an exception as i have seen some "cocky" posts recently coming from you. I have made around a mil in the past 4 years by following many different methods and listening to many people, but most importantly i listened to my gut. So if i dont know anything about wave analysis, i am totally fine with that, and to tell you the truth, i dont think you even know anything about that either and probably you are doing some copy + paste of charts from other sources...just saying...
  • #99,837
  • Nov 24, 2016 11:07pm Nov 24, 2016 11:07pm
Quoting Fhn2557
{quote} Yes, i dont know much about wave analysis and i am glad i dont. I am here mainly to observe the traders' mood and overall view (hence my participation is very few), as one of the guys mentioned recently that when everyone seems in a buying mode and they put very high figures of possible gain... then it is time to sell, and vice-versa, and that is my strategy, and guess what...it WORKS! While i am being humble, but for you i will make an exception as i have seen some "cocky" posts recently coming from you. I have made around a mil in the...

Selling when everyone is in buying mode .. lol great strategy... Im sure youve made millions. My charts have my Initials on them as I need to login to their website to gain access. What you're saying makes no sense and I could care less about how cocky you think my post are. Show your work that makes millions..
  • #99,838
  • Nov 24, 2016 11:14pm Nov 24, 2016 11:14pm
Hi All,

THE AUD has appreciated allot this week due the metals like Copper and Iron and Coal creeping up in price.

Not sure how sustainble this is though..
  • #99,839
  • Nov 24, 2016 11:21pm Nov 24, 2016 11:21pm
Opportunity to short on Aussie
  • #99,840
  • Nov 25, 2016 4:50am Nov 25, 2016 4:50am
Quoting Fhn2557
{quote} Yuo have been saying for quite a while now that we are already in wave 5 which will go down to the low 70s...and now you say it is going back up "as you are expecting"..can you make up your mind? This was from your post 5 days ago: {image}
Look at post 99,766 ...

In the first chart, he shows his previous prediction (blue line up, down, up to 5, then big plunge down)

In the second chart, he shows how his prediction came true (and it is about half-way down the big plunge line)

In the third chart, he puts a yellow line to show a consolidation up before continuing down

His comment (you quote above) about going up is that consolidation.

So he is still expecting it to go down and so far there has been no discrepancy.

For my part, I have never seen anyone do predictions like that (Skyhook comes close but he stopped after a mistake)
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