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AUD/USD

  • #100,901
  • Mar 2, 2017 6:23pm Mar 2, 2017 6:23pm
Wasnt long ago the AUD was brushing off clear signs of a March Fed hike, to surge past 77. Now even off the back of a strong GDP result and Iron Ore prices still hovering just below 90USD a tonne, the AUD gives away to 757.

Highly liquid markets are supposed to be efficient. However, the AUD above 77c - that was inefficient.

Last two days has seen the AUD bulls take a beating
  • #100,902
  • Mar 2, 2017 9:01pm Mar 2, 2017 9:01pm
Quoting AdamSydneyAu
Wasnt long ago the AUD was brushing off clear signs of a March Fed hike, to surge past 77. Now even off the back of a strong GDP result and Iron Ore prices still hovering just below 90USD a tonne, the AUD gives away to 757. Highly liquid markets are supposed to be efficient. However, the AUD above 77c - that was inefficient. Last two days has seen the AUD bulls take a beating
As we discussed previously, all of the risk was to the downside.

The weekly chart said it all
Attached Image (click to enlarge)
Click to Enlarge Name: WEEKLY AU.png Size: 14 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #100,903
  • Mar 2, 2017 9:28pm Mar 2, 2017 9:28pm
Quoting Ill-b-back
{quote} Yeah right ill-b-back, or not ... {image}
Although, the lack of bullish retrace on this move is something to consider for the longer term direction
Come with me if you want to live....
  • #100,904
  • Mar 2, 2017 11:29pm Mar 2, 2017 11:29pm
watching 7450 area for any bullish violence
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 26 KB
Come with me if you want to live....
  • #100,905
  • Mar 2, 2017 11:30pm Mar 2, 2017 11:30pm
Indeed. There was also a formed wedge on the daily candle stick chart going back to the mid January. And you just knew if the support line on the wedge broke, it would open the selling floodgates.

Hindsight is a wonderful thing. Although I cant believe I missed that candle stick chart.
Attached Image
  • #100,906
  • Mar 2, 2017 11:44pm Mar 2, 2017 11:44pm
Quoting Ill-b-back
watching 7450 area for any bullish violence {image}
and IF we get there today, (signifying no significant retrace), I think it is worth a limit order
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 23 KB
Come with me if you want to live....
  • #100,907
  • Mar 2, 2017 11:57pm Mar 2, 2017 11:57pm
Quoting freedom48
{quote} congratulations, very good hit almost in the moment
Thank u and check my posts about USDCAD and GOLD
all worked out great.
Cheers mate..
  • #100,908
  • Mar 2, 2017 11:59pm Mar 2, 2017 11:59pm
Quoting kasper
{quote} having a hard time seeing it with the pair sitting near .768 for the past 4 hours or so.
As i said 7550 i know it was at .7680 but what 1 day can do right..??

Cheers mate
  • #100,909
  • Mar 3, 2017 12:02am Mar 3, 2017 12:02am
Quoting JediJones
{quote} I think everyone in this thread is with you on that one
Thank u jones
I dont much time in forexfactory mostly busy ob news and fundamental analysis.
But it feels good to be appreciated.
And yes it did hit 7550 and all is well here
Have a nice weekend guys.
  • #100,910
  • Edited 12:21am Mar 3, 2017 12:10am | Edited 12:21am
Quoting Smicko
Hey guys what analaysis did guys use to determine the drop off in the aud yesterday ? Been trading under a year now got caught blinded sided by that move. Think i need to learn some technical analysis. Cheers

The market will always move in the direction that causes the greatest financial damage to the greatest number of positions.
  • #100,911
  • Mar 3, 2017 2:46am Mar 3, 2017 2:46am
Quoting Rescue.Forex
{quote} Thank u and check my posts about USDCAD and GOLD all worked out great. Cheers mate..
I made a quick ckeck about these posts, unfortunately sorry could not find them in FF..

Now also your Final target level 0.7550 is not just any kind of TP, it also monitoring the daily move decision.For now almost sure, the week will not end here...))
" Accepting losses is the most important single investment devise "
  • #100,912
  • Mar 4, 2017 4:47pm Mar 4, 2017 4:47pm
Quoting freedom48
{quote} I made a quick ckeck about these posts, unfortunately sorry could not find them in FF.. Now also your Final target level 0.7550 is not just any kind of TP, it also monitoring the daily move decision.For now almost sure, the week will not end here...))

here is the post i actually posted in Cable thread
anyways https://www.forexfactory.com/showthr...34#post9547134
and i don't trade AUDUSD Direct i am Mostly trading cross pairs like.
GBPAUD, GBPNZD, EURAUD, EURNZD Etc..

Next week will be interesting. NFP may dent the Rate hike Expectation or may Boost it.. lets see what happens.
what ever side it will take i will be ready..
and for now i am almost buying pound it may seem Stupid but i have my reasons, same as i had with audusd and it did well, anyways most of trades are in corporate account which i cannot share sorry..
but here is my performance and since i stopped trading in 2015 took a long vacation, and came back few months ago i think i am doing well..
here is the link
https://www.myfxbook.com/members/Tra...income/1917097
i hope you will like it.
Thanks Mate..
  • #100,913
  • Mar 4, 2017 4:47pm Mar 4, 2017 4:47pm
Quoting freedom48
{quote} congratulations, very good hit almost in the moment
Thanks Bro..
  • #100,914
  • Mar 4, 2017 8:22pm Mar 4, 2017 8:22pm
Quoting Noors
{quote} https://www.forexfactory.com/showthr...23#post9611823 Just a quick review of this down move... I used only 2 zones for this, zones A and C (previously known as CC AND TT) What's common with the zones? everytime price tested those zones it left wicks - paired candles and singular. We never broke above A so no need to long this pair. This was probably the greatest a/u levels I've ever had, even though this pair sucks horse shit. Might work on it a little. {image}
Why this pair sucks"

to me gbp usd sucks they way it hasn't been moving lately with no direction almost randomly to me. Eur usd was similar to aud lately. What pair is better to you
  • #100,915
  • Mar 4, 2017 9:14pm Mar 4, 2017 9:14pm
Quoting thewriter30
{quote} Why this pair sucks" to me gbp usd sucks they way it hasn't been moving lately with no direction almost randomly to me. Eur usd was similar to aud lately. What pair is better to you
EUR/AUD GBP/USD GBP/JPY - That's all. Maybe once a week I will trade the EUR/USD and AUD/USD only if I have really good levels. These two pairs don't seem to work well with the levels. No matter what market condition we're in the 3 pairs work well for my levels.
  • #100,916
  • Mar 5, 2017 6:09am Mar 5, 2017 6:09am
Quoting Noors
{quote} EUR/AUD GBP/USD GBP/JPY - That's all. Maybe once a week I will trade the EUR/USD and AUD/USD only if I have really good levels. These two pairs don't seem to work well with the levels. No matter what market condition we're in the 3 pairs work well for my levels.
The good thing about those pairs is that they move a lor. Aussie moves 30 pips sometimes during a while day. That sucks

But what I found is that to me they seem erratic. Move up and down like he'll.. what are your levels if I may ask
  • #100,917
  • Mar 5, 2017 6:30am Mar 5, 2017 6:30am
Yeah aussue is slow. Those pairs are erratic but that's all good. I don't look for correlation just play with levels.
Which pairs are you after?
  • #100,918
  • Mar 5, 2017 6:31am Mar 5, 2017 6:31am
Quoting thewriter30
{quote} The good thing about those pairs is that they move a lor. Aussie moves 30 pips sometimes during a while day. That sucks But what I found is that to me they seem erratic. Move up and down like he'll.. what are your levels if I may ask
Maybe AUD is for long term investment. Not suitable for daily traders
  • #100,919
  • Mar 5, 2017 7:45am Mar 5, 2017 7:45am
Quoting Expo33
{quote} As we discussed previously, all of the risk was to the downside. The weekly chart said it all {image}

yeah, the weekly chart said it all; all of last year price was trying to break through the 77s and being rejected. It would have been very surprising, given us rate hike, if it had blown through the 77s. But there is always next week
  • #100,920
  • Mar 5, 2017 7:51am Mar 5, 2017 7:51am
Quoting Noors
Yeah aussue is slow. Those pairs are erratic but that's all good. I don't look for correlation just play with levels. Which pairs are you after?
Only trade this one for now . I want to add more to my portfolio
However trading is hard as it is so I won't trade another pair unless I feel confident I know sth about it.

I am attracted to those pairs mentioned before for the reason mentioned before. They usually make big moves.
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