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AUD/USD

  • #99,841
  • Nov 25, 2016 5:57am Nov 25, 2016 5:57am
Quoting karelk
{quote} 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...
My guess that he's assuming that this structure is a wave c of b from the a-b-c (3-3-5 - FLAT structure), like in the image below.

Attached Image (click to enlarge)
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  • #99,842
  • Nov 25, 2016 7:03am Nov 25, 2016 7:03am
Some harmonics are saying AU is bullish. Secondly AU has breached 200ema on 1hr chart
  • #99,843
  • Edited 7:36am Nov 25, 2016 7:03am | Edited 7:36am
Opportunity to short? why... based on what?

Guys keep discussions coming .. but leave egos at home not worth it

Thanks for the charts francis
  • #99,844
  • Nov 25, 2016 7:56am Nov 25, 2016 7:56am
Quoting yuddy
Some harmonics are saying AU is bullish. Secondly AU has breached 200ema on 1hr chart
7450 is still a strong area
  • #99,845
  • Nov 25, 2016 8:08am Nov 25, 2016 8:08am
Quoting diavolul
{quote} My guess that he's assuming that this structure is a wave c of b from the a-b-c (3-3-5 - FLAT structure), like in the image below. {image}
Just to clear it up, what I meant by "up" (and I'm sure jfrancis, too :^) ) is in the third chart I mentioned which is this one ...

http://www.forexfactory.com/attachme...1&d=1479698511

The wigly yellow line on the right goes "up" first and then reverts back to down.


Also, looking at my previous reply, the line "For my part, I have never seen anyone do predictions like that" could be interpreted as a negative comment, it was meant to convey that I was stunned by jfrancis' precision - so far the price has meekly followed his charts :^)
  • #99,846
  • Nov 25, 2016 8:11am Nov 25, 2016 8:11am
Quoting yuddy
{quote} 7450 is still a strong area
I have pending on 7455, looks better to attempt with stop 13 . Can go back to 7370
  • #99,847
  • Edited 11:39am Nov 25, 2016 8:14am | Edited 11:39am
Sorry guys but just look at this:

Is not that just wrong? I mean selling when a pair is at the bottom is risky...is not this 1:1 DO NOT DO in trading? are these IGMARKET guys for real?

i refer in particular to the EUR USD recommendation
Attached Image (click to enlarge)
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  • #99,848
  • Nov 25, 2016 8:25am Nov 25, 2016 8:25am
Quoting thewriter30
Sorry guys but just look at this: Is not that just wrong? I mean selling when a pair is at the bottom is risky...is not this 1:1 DO NOT DO in trading? are these IGMARKET guys for real? i refer in particular to the EUR USD recommendation {image}
"Testing $1.0500" does not mean "sell". All they are saying is that it should be on your radar.
  • #99,849
  • Nov 25, 2016 8:30am Nov 25, 2016 8:30am
Quoting thewriter30
Sorry guys but just look at this: Is not that just wrong? I mean selling when a pair is at the bottom is risky...is not this 1:1 DO NOT DO in trading? are these IGMARKET guys for real? i refer in particular to the EUR USD recommendation {image}
Where do you see the word "sell" ?
  • #99,850
  • Nov 25, 2016 8:36am Nov 25, 2016 8:36am
in
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 71 KB
  • #99,851
  • Nov 25, 2016 9:58am Nov 25, 2016 9:58am
Quoting CashBuilder
in {image}
U are suggesting that yellow circled area is a resistance?
  • #99,852
  • Nov 25, 2016 10:07am Nov 25, 2016 10:07am
Quoting yuddy
{quote} U are suggesting that yellow circled area is a resistance?
Yes it can be in the moment, pay attention to the reaction
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 39 KB
  • #99,853
  • Nov 25, 2016 10:36am Nov 25, 2016 10:36am
Quoting batus
Opportunity to short on Aussie
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 79 KB
  • #99,854
  • Nov 25, 2016 11:40am Nov 25, 2016 11:40am
Quoting Starcraftmaz
{quote} Where do you see the word "sell" ?
Sorry guys I missed some of the picture when taking the snapshot!

There it is
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
  • #99,855
  • Nov 25, 2016 5:53pm Nov 25, 2016 5:53pm
Ah, well in that case, they are not saying to sell it at the bottom, but if it closes below the range support, which is a simple and logical piece of advice. Of course as we know, it only outlines a possible scenario - not a 100% guarantee. I'm guessing they assume traders understand this concept.
  • #99,856
  • Nov 25, 2016 11:42pm Nov 25, 2016 11:42pm
Update- Aussie has given us a 3 wave correction already. We should be looking for trend continuation to the downside soon.


For those who think I don't know what Im doing and just guessing my way through. Then I must be the luckiest man on the planet.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Just be mindful that correction always starts off as 3 wave but can turn into a more complex correction the becomes 5, or 7 waves.
For example.
Attached Image (click to enlarge)
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  • #99,857
  • Nov 26, 2016 3:34am Nov 26, 2016 3:34am
Again fancy charts mean crap all at the moment.

When the USA increase the rates the AUD is going to sink like the titanic.

With China slowing down the demand for Aussie exports are slowing down.
  • #99,858
  • Nov 26, 2016 5:21am Nov 26, 2016 5:21am
Quoting Jfrancis
Update- Aussie has given us a 3 wave correction already. We should be looking for trend continuation to the downside soon. For those who think I don't know what Im doing and just guessing my way through. Then I must be the luckiest man on the planet. {image} {image} Just be mindful that correction always starts off as 3 wave but can turn into a more complex correction the becomes 5, or 7 waves. For example. {image}
thanks for sharing your chart ...
Its not about the money, its about the game, the game between people.
  • #99,859
  • Nov 26, 2016 5:38am Nov 26, 2016 5:38am
Quoting thewriter30
Sorry guys but just look at this: Is not that just wrong? I mean selling when a pair is at the bottom is risky...is not this 1:1 DO NOT DO in trading? are these IGMARKET guys for real? i refer in particular to the EUR USD recommendation {image}
Saw same prediction on every site...not sure what eur/usd holds. My advice better to stay out of this pair.
It's not how much U make, but how much U keep
  • #99,860
  • Nov 26, 2016 6:08am Nov 26, 2016 6:08am
How my chart currently looks like now.. Any Ideas or anyone having similar levels to watch?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4.png Size: 96 KB
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