Attachments: AUD/USD

AUD/USD

#100,301
Dec 26, 2016 7:41pm Dec 26, 2016 7:41pm

Fader123
Joined Feb 2016 | Status: Trader | 1,018 Posts

Think the Aussie is in for a tough time if Trump gets his way with China. Some of the people he has appointed are strongly against China which will only harm the Aussie economy. Also think commodities are overdone. In the short term Aussie employment seems to be going in the right direction - but any pullback will only be an opportunity to sell it some more. Can't see Lowe doing anything with interest rates though because of housing indebtness

#100,302
Dec 27, 2016 5:48am Dec 27, 2016 5:48am

slk
| Joined Mar 2010 | Status: Trader | 155 Posts

Buy 0.7180 TP 0.7580

#100,303
Dec 28, 2016 4:06am Dec 28, 2016 4:06am

Cencored
| Joined Apr 2009 | Status: Pro Trader | 265 Posts

This is how I see it at the moment and I am still long. We need to gain 0.7230 in order to see sustained upmoves.

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Trading Makes Money!

#100,304
Dec 28, 2016 4:34am Dec 28, 2016 4:34am

NotAtrader
Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 5,482 Posts

Quoting Cencored

Disliked

This is how I see it at the moment and I am still long. We need to gain 0.7230 in order to see sustained upmoves. {image}

Ignored

That would be nice. Let's see.

No username yet? You are on my ignore list. Fuck off and do not quote me!

#100,305
Dec 28, 2016 8:02am Dec 28, 2016 8:02am

Monokl
Joined Feb 2012 | Status: Trade like Water | 3,403 Posts

My think:

AU come to a very critical area 0.715.
For long term, it is really in down.
currently, the price sliding with momentum.
it should be bouncing around that area. (my guessing

)

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Let Market Tell You

#100,306
Dec 28, 2016 8:05am Dec 28, 2016 8:05am

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

would like a long on AU here with stops at 0.7155

next longs at 56/525

#100,307
Dec 28, 2016 8:46am Dec 28, 2016 8:46am

Neohau
| Joined May 2012 | Status: Trader | 79 Posts

I am long on this till 0.746

#100,308
Dec 28, 2016 11:11am Dec 28, 2016 11:11am

NotAtrader
Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 5,482 Posts

Quoting Neohau

Disliked

I am long on this till 0.746

Ignored

Me too. My TP is a little lower though. 0.7428. A lot of resistance there. I am not quite sure if it can go above that level any time soon.

No username yet? You are on my ignore list. Fuck off and do not quote me!

#100,309
Dec 28, 2016 11:17am Dec 28, 2016 11:17am

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting Don96

Disliked

would like a long on AU here with stops at 0.7155 next longs at 56/525

Ignored

Was good for b.e trade... might survive might get stopped breakeven

#100,310
Dec 28, 2016 12:55pm Dec 28, 2016 12:55pm

Ultiforex
| Joined Oct 2012 | Status: Trader | 83 Posts

Quote from 7th December:

Quoting Ultiforex

Disliked

For what its worth, I use a month Elliot Wave as a general guide and anticipate price to go lower? (-7000) {image}

Ignored

I still think that's possible.

#100,311
Edited 1:32pm Dec 28, 2016 1:11pm | Edited 1:32pm

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting Don96

Disliked

{quote} Was good for b.e trade... might survive might get stopped breakeven

Ignored

tp is at that black line... is that playing a game or what?

1st time missed by 1.2
2nd time 0.2
3rd time 0.6

SERIOUSLY

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#100,312
Dec 28, 2016 9:45pm Dec 28, 2016 9:45pm

Jfrancis
Joined Jun 2016 | Status: Trader | 299 Posts

We should first look for a 3 wave correction (abc) before more downside... TIP: There are many corrective structures but you must always consider it to be a 3 wave correction first before it becomes something more complex.

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#100,313
Dec 30, 2016 4:12pm Dec 30, 2016 4:12pm

Jfrancis
Joined Jun 2016 | Status: Trader | 299 Posts

Now that we complete a three wave correction. We should look for a continuation.

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Now Correction can become more complex than just a simple 3 wave pattern.

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#100,314
Dec 30, 2016 5:30pm Dec 30, 2016 5:30pm

CharlesFXS
| Commercial User | Joined Nov 2015 | 138 Posts

Hey guys!

AUDUSD is one of the only things I trade.

Love the work here.
I have just started a blog about Forex and the few posts that are on there are all about AUDUSD.

Mostly I have just been shorting, fairly easy right ?
http://forex.ownyourworkweek.com/

Thanks,
Chuck

#100,315
Dec 30, 2016 5:39pm Dec 30, 2016 5:39pm

MasterJedi
| Joined May 2016 | Status: rollin & pipin | 379 Posts

Quoting Jfrancis

Disliked

Now that we complete a three wave correction. We should look for a continuation. {image} Now Correction can become more complex than just a simple 3 wave pattern. {image}

Ignored

Hi J, I see price reaching key support level so I'd be looking at longs before shorts. A move towards 0.70 could happen as well, will need to wait & see. I like those waves though but I don't have the patience to study the theory in depth. In future I might buy some kind of software for auto analysis, could come in handy. Happy new year.

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who dares wins

#100,316
Dec 30, 2016 5:51pm Dec 30, 2016 5:51pm

Jfrancis
Joined Jun 2016 | Status: Trader | 299 Posts

Quoting Davit

Disliked

{quote} I am sure you know already what Banks, big players, Trump policies, and US economy going to do next.I am sure since YOU have decided ITS GOING TO CONTINUE South market WILL comply! You sound like a typical idiot who draws lines and seats back and admires their creations without any clue what is really going in the markets! Frustrating to see so many clueless people here!

Ignored

lol no you sound like that idiot

#100,317
Dec 30, 2016 5:57pm Dec 30, 2016 5:57pm

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

again i have seen this so many times... despite any arrogance/anger/emotion/personal dislike etc around Jfrancis, he has posted his thoughts on the move BEFORE THEY HAVE HAPPENED... they have also matched...

that is more than almost all around here...

#100,318
Dec 30, 2016 9:04pm Dec 30, 2016 9:04pm

Jfrancis
Joined Jun 2016 | Status: Trader | 299 Posts

Ill just say this about how I trade. So, the concept is fairly simple. We can all see that the market moves in waves. It doesn't matter what strategy you use to trade. Support & resistance, harmonic patterns, candlestick analysis, etc.. Now these waves create patterns that form over and over again on a hourly, daily, wkly basis.. The tricky part is understanding the different kinds of wave patterns and identifying them before they actually complete. Once completed, These pattens are expecting to behave a certain way, giving you a very high PROBABILITY to be on the right side of the trade.

Example: A "bull flag" is a continuation pattern an is expected to break to the upside to resume the uptrend... The same goes for a "bear flag". It happens during a downtrend and is expected to break to the downside once the flag is completed.

Here are some current trades that I am in and how I analyzed them.

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