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AUD/USD

  • #100,381
  • Jan 11, 2017 4:39am Jan 11, 2017 4:39am
Quoting galvcore
{quote} Just wondering why you would buy at .73520? It looks to me as though at that point the pair would have broken below the baseline of a pretty clear upward channel giving some indication we are going lower.
Just levels and numbers that i've been following for a little while. Only look for 10 pips
You need an ark? I NOAH GUY
  • #100,382
  • Jan 11, 2017 5:27am Jan 11, 2017 5:27am
Quoting breezetrade
{quote} Also looking to short at 0.74180 for again 10 pips
Will close all pending orders if not hit before trump news
You need an ark? I NOAH GUY
  • #100,383
  • Edited 6:10am Jan 11, 2017 5:53am | Edited 6:10am
Quoting Don96
{quote} sold AU again at 0.73955 and 0.73919 with stops at 0.7399
0.73919 lovely stop out at break even - got +20 or so....

re entered at 0.73895...

took 2 hours to go down this morning and 30 mins to go back up...

only AUD and NZD going up for the day against dollar so far...

Edit: h4 looks toppy - close in 2hours below 0.7370 would be better

Daily and Weekly don't look so good eh
  • #100,384
  • Jan 11, 2017 7:58am Jan 11, 2017 7:58am
Quoting Don96
{quote} 0.73919 lovely stop out at break even - got +20 or so.... re entered at 0.73895... took 2 hours to go down this morning and 30 mins to go back up... only AUD and NZD going up for the day against dollar so far... Edit: h4 looks toppy - close in 2hours below 0.7370 would be better Daily and Weekly don't look so good eh
see if stays below 84/87
  • #100,385
  • Jan 11, 2017 9:18am Jan 11, 2017 9:18am
Quoting breezetrade
{quote} Will close all pending orders if not hit before trump news
All orders closed as levels havn't been hit too close to news
You need an ark? I NOAH GUY
  • #100,386
  • Jan 11, 2017 10:40am Jan 11, 2017 10:40am
Quoting breezetrade
{quote} All orders closed as levels havn't been hit too close to news
looks like your 0,7352 number would have worked...

just stopped me on all 3 shorts...

still waiting for a drop
  • #100,387
  • Jan 11, 2017 10:43am Jan 11, 2017 10:43am
Quoting breezetrade
{quote} Just levels and numbers that i've been following for a little while. Only look for 10 pips
Buy was hit perfectly during news but won't trade during a big news event, if anyone got in well done
You need an ark? I NOAH GUY
  • #100,388
  • Jan 11, 2017 10:58am Jan 11, 2017 10:58am
Quoting breezetrade
{quote} Buy was hit perfectly during news but won't trade during a big news event, if anyone got in well done
I hedged out and watched the carnage.
  • #100,389
  • Jan 11, 2017 11:49am Jan 11, 2017 11:49am
Most political analysists say Trumps speech was good for America and good for the dollar...... so why is the AUD/USD surging up?

Luckily I don't scalp, ride out news items, preferring to trade longer term positions, but it's havoc for those trying to figure out what happens next.


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  • #100,390
  • Jan 11, 2017 1:29pm Jan 11, 2017 1:29pm
Think that this was a fundamental move - that affected other currencies across the board

http://news.forexlive.com/!/usdjpy-f...ction-20170111
  • #100,391
  • Jan 11, 2017 2:28pm Jan 11, 2017 2:28pm
Quoting Fader123
Think that this was a fundamental move - that affected other currencies across the board http://news.forexlive.com/!/usdjpy-f...ction-20170111

Maybe......, but I see AUD/JPY bounced straight back? This price move has stuck...... well for now at least?
  • #100,392
  • Jan 11, 2017 4:43pm Jan 11, 2017 4:43pm
Quoting Ultiforex
{quote} Maybe......, but I see AUD/JPY bounced straight back? This price move has stuck...... well for now at least?
 
I called this move up when  double bottom 7180. But too chicken sht to take it and ride it...damn
  • #100,393
  • Jan 11, 2017 5:34pm Jan 11, 2017 5:34pm
Quoting thewriter30
{quote}  I called this move up when  double bottom 7180. But too chicken sht to take it and ride it...damn
One can live with regret or come up with a plan to turn things around.

Congrats to all those who have been long and making pips.

I was only long to 7260 and have shorts currently at 7275, 7375, 7400, 7425. Do I care that they are not doing well at the moment? Yes, it's not ideal but I'm not too fazed as it's part of my plan to keep adding for some way yet. Currently only kicking myself that the move was so quick and I don't already also have some shorts at 7460.

A move down will come, even if it's not as big as this move up. My best guess is current up move won't have the legs to meaningfully break 7525 high on daily chart before we get something half decent down.
Hope for the best, prepare for the worst.
  • #100,394
  • Jan 11, 2017 5:40pm Jan 11, 2017 5:40pm
Quoting dab
{quote} One can live with regret or come up with a plan to turn things around. Congrats to all those who have been long and making pips. I was only long to 7260 and have shorts currently at 7275, 7375, 7400, 7425. Do I care that they are not doing well at the moment? Yes, it's not ideal but I'm not too fazed as it's part of my plan to keep adding for some way yet. Currently only kicking myself that the move was so quick and I don't already also have some shorts at 7460. A move down will come, even if it's not as big as this move up. My best guess...
 
 
I don't really know at this point. If trump makes clear statements and live up to those expectations which made the aud fall
To me this is the third higher low and failed attempt to break lower so it might get jerky for a while. 
I do see a move to 75+. It is inside the current downtrend daily range and plausible. 
  • #100,395
  • Jan 11, 2017 5:42pm Jan 11, 2017 5:42pm
AUDUSD D1
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  • #100,396
  • Jan 11, 2017 5:56pm Jan 11, 2017 5:56pm
Quoting openyoureyes
AUDUSD D1 {image}
Thank you for sharing. Personally I don't track chart patterns like these as many seem to become evident too late to trade them. Might have to give it more thought if that's how it does play out and on any insights you are willing to give to following questions:
Have you placed trades on AU based on the pattern you see?
If yes, at what point did you get long?
Did you close out / plan to close near end of the cup?
Did you short / plan to short for the handle?
At what point would you go long again in anticipation of the end of the handle?

I'm guessing you need to combine the pattern with some other indicators?
Hope for the best, prepare for the worst.
  • #100,397
  • Jan 11, 2017 6:44pm Jan 11, 2017 6:44pm
Quoting openyoureyes
AUDUSD D1 {image}
Interesting, not heard of that one?

If like me you also watch the NZD/USD, as both behave in a very similar fashion; then there is a clear trend line from previous peaks of 7/11 and 12/12, suggesting current up treads could be over? Clearer on a day chart.

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  • #100,398
  • Jan 11, 2017 7:39pm Jan 11, 2017 7:39pm
Quoting openyoureyes
AUDUSD D1 {image}
Thanks for sharing! May be the end up of the cup is around 0.753X, then the handle down!
  • #100,399
  • Jan 11, 2017 10:26pm Jan 11, 2017 10:26pm
#AUDUSD you have to trade currency that are trending...

Long 0.7384 / T 0.7524 with trailing stop

Gann Analysis
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"W. D. Gann said that time is the most important factor among all things."
  • #100,400
  • Jan 11, 2017 11:50pm Jan 11, 2017 11:50pm
AUDUSD- continues grow up trend!...shall i share i signals ?
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