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AUD/USD

  • #100,481
  • Edited 2:28am Jan 19, 2017 2:05am | Edited 2:28am
Quoting kitmouse
Let short and swing it {image}
Move to SL to 7820 and should be good and you can sleep while the trade is on

edit:kill that trade and re-enter at your SL much better r:r
  • #100,482
  • Jan 19, 2017 2:40am Jan 19, 2017 2:40am
Quoting kitmouse
Let short and swing it {image}

Why the SL there??
  • #100,483
  • Jan 19, 2017 5:54pm Jan 19, 2017 5:54pm
Havent posted in a while.

The correction could be completed and Im now in for the upside.

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  • #100,484
  • Jan 19, 2017 5:57pm Jan 19, 2017 5:57pm
If you're not in the buy yet. I would suggest waiting for a flag and then buying the breakout. Because AUD will have to consolidate this move up.

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  • #100,485
  • Jan 19, 2017 6:46pm Jan 19, 2017 6:46pm
Quoting Jfrancis
Havent posted in a while. The correction could be completed and Im now in for the upside. download (38).png;2147827 100010.png;2147828 {image} {image}
Curious what has changed since your last post http://www.forexfactory.com/showthre...29#post9409429 when you were waiting for one more down move (that hasn't come yet) to complete the pattern?
Hope for the best, prepare for the worst.
  • #100,486
  • Jan 19, 2017 8:07pm Jan 19, 2017 8:07pm
Quoting dab
{quote} Curious what has changed since your last post http://www.forexfactory.com/showthre...29#post9409429 when you were waiting for one more down move (that hasn't come yet) to complete the pattern?

You always have two possibilities with correction. You will either get a 3 wave or a 5 wave structure... With that said, It never broke down to make a 5th wave, instead it broke out which meant the correction has completed and you must now look for a buy setup.
  • #100,487
  • Jan 19, 2017 10:04pm Jan 19, 2017 10:04pm
Quoting Ill-b-back
watching for this reverse H&S pattern completion if we get a rebound off 50fib/channel retest {image}
Not likely to happen, but will be approaching potential sell zone soon
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Come with me if you want to live....
  • #100,488
  • Edited 1:47pm Jan 20, 2017 8:57am | Edited 1:47pm
Quoting Jfrancis
Havent posted in a while. The correction could be completed and Im now in for the upside. download (38).png;2147827 100010.png;2147828 {image} {image}
Great call jfrancis. I called for same thing before the new year began. I did not use any fundamentals either just wave
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Ecclesiastes 1:9
  • #100,489
  • Jan 20, 2017 12:53pm Jan 20, 2017 12:53pm
The range on the AUDUSD is still between the 0.7500 and the 0.7600 levels. There has been a lot of volatility for today, but no clear direction until it breaks one of those levels.
  • #100,490
  • Jan 20, 2017 9:51pm Jan 20, 2017 9:51pm
Quoting newbegger
{quote} Great call jfrancis. I called for same thing before the new year began. I did not use any fundamentals either just waveAUDUSD new.png;2149032 {image} {image}
Yes, its so much easier to trade when you understand wave structure rather than trying to guess news events.
  • #100,491
  • Jan 22, 2017 6:38am Jan 22, 2017 6:38am
I think AUD will be affected by the lack of the chinese economy growth which is show weaker from 26 years 
  • #100,492
  • Jan 22, 2017 2:58pm Jan 22, 2017 2:58pm
Quoting Jfrancis
{quote} Yes, its so much easier to trade when you understand wave structure rather than trying to guess news events.
This is your quote 6th Jan "Still in a downtrend and still looking for one more move down to complete this pattern"

It didn't go down once more, the pattern wasn't completed. Fundamentals (Trump against high USD) kept the strong upward movement nothing to do with any technical wave theory. In hindsight you can come up with a new theory as to why it didn't wave down again, but you were wrong: probably why you stayed away.

EDIT: Spelling, grammar
  • #100,493
  • Jan 22, 2017 3:49pm Jan 22, 2017 3:49pm
Came across this article which is interesting:
http://www.audnews.com.au/aud-gbp-ex...ore-falls-6866
The price of iron ore is highly correlated to the Aussie
With all the TPP news and DT can only be negative on the Aussie
Also some of the economic figures seem to be turning a bit south (retail sales, jobs)
If CPI disappoints on Wednesday it could be under more pressure
Went short on Friday on AUDJPY
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  • #100,494
  • Jan 22, 2017 4:07pm Jan 22, 2017 4:07pm
Short: 0.75881
Long: 0.75441

Both 10 pip SL and TP

Short: 0.76029

(20 pip SL and 40 pip TP)

You need an ark? I NOAH GUY
  • #100,495
  • Jan 22, 2017 9:58pm Jan 22, 2017 9:58pm
Quoting redalert
{quote} This is your quote 6th Jan "Still in a downtrend and still looking for one more move down to complete this pattern" It didn't go down once more, the pattern wasn't completed. Fundamentals (Trump against high USD) kept the strong upward movement nothing to do with any technical wave theory. In hindsight you can come up with a new theory as to why it didn't wave down again, but you were wrong: probably why you stayed away. EDIT: Spelling, grammar

I make one bad call out of so many and that's the one everyone comments on.. Yeah unfortunately I cannot be 100% correct, shame.

I was looking for 1 more move down to complete wave structure. Well guess what it never broke below the trendline so i didnt have a sell setup. Therefor I was not in a sell.. Instead it broke to the upside so clearly I would look for a buy setup..
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But thanks for showing me that you know nothing. Keep thinking you know what the fundamentals are.
  • #100,496
  • Jan 22, 2017 10:05pm Jan 22, 2017 10:05pm
For those who follow the dollar index.

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  • #100,497
  • Jan 22, 2017 10:16pm Jan 22, 2017 10:16pm
Quoting Jfrancis
{quote} I make one bad call out of so many and that's the one everyone comments on.. Yeah unfortunately I cannot be 100% correct, shame. I was looking for 1 more move down to complete wave structure. Well guess what it never broke below the trendline so i didnt have a sell setup. Therefor I was not in a sell.. Instead it broke to the upside so clearly I would look for a buy setup.. {image} But thanks for showing me that you know nothing. Keep thinking you know what the fundamentals are. {image}
I don't think the issue is that you made a bad call (probably all of us have). I think it was the way you treat other posters if they have a different opinion to yourself. Even in above post you claim you didn't have a sell setup, yet your trade explorer shows at least three shorts (1 from 7180) that you closed out around 7425. (Although in your defence it is labelled as a demo account so in that respect you appear not to have had any real shorts).
Hope for the best, prepare for the worst.
  • #100,498
  • Jan 22, 2017 11:12pm Jan 22, 2017 11:12pm
If it can breaks above 0.7582, then next level would be 0.7612. Otherwise, it might fall back down to the 0.7532 level.
  • #100,499
  • Jan 23, 2017 3:09am Jan 23, 2017 3:09am
Quoting Fader123
Came across this article which is interesting: http://www.audnews.com.au/aud-gbp-ex...ore-falls-6866 The price of iron ore is highly correlated to the Aussie With all the TPP news and DT can only be negative on the Aussie Also some of the economic figures seem to be turning a bit south (retail sales, jobs) If CPI disappoints on Wednesday it could be under more pressure Went short on Friday on AUDJPY {image}

good start to the week
took some profit = 75 pips
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  • #100,500
  • Jan 23, 2017 3:20am Jan 23, 2017 3:20am
Quoting Fader123
{quote} good start to the week took some profit = 75 pips {image}
Nice

Short was missed by around 9 pips didn't want to enter below that level will probably look at some longs sometime soon
You need an ark? I NOAH GUY
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