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AUD/USD

  • #100,921
  • Mar 5, 2017 8:57am Mar 5, 2017 8:57am
Yeah good, trade what your comfortable with. Drew these levels just before. AA is a good zone to short if we get there. DS is even safer.
D is showing a good support if we break below D watch for a retest. As you can see on the chart there was no retest of D when it was broken. You need to wait for the hourly candle to close before you enter. So if we closed below D and price retested D and closed below that's considered as a retest then you can take the short. E is a nice little zone to buy some.
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  • #100,922
  • Mar 5, 2017 9:38am Mar 5, 2017 9:38am
Quoting Noors
Yeah good, trade what your comfortable with. Drew these levels just before. AA is a good zone to short if we get there. DS is even safer. D is showing a good support if we break below D watch for a retest. As you can see on the chart there was no retest of D when it was broken. You need to wait for the hourly candle to close before you enter. So if we closed below D and price retested D and closed below that's considered as a retest then you can take the short. E is a nice little zone to buy some. {image}
I see... thanks for sharing my trading is very simple as well. After many years I realised it is all about pa, support and resistance for me.
  • #100,923
  • Mar 6, 2017 1:00am Mar 6, 2017 1:00am
Quoting thewriter30
{quote} I see... thanks for sharing my trading is very simple as well. After many years I realised it is all about pa, support and resistance for me.
No problem dude! Correct, a nice and clean chart S/R and PA is all you really need

Goodluck and greenpips!
  • #100,924
  • Mar 6, 2017 5:24am Mar 6, 2017 5:24am
The price continues to move in the flat and at the moment price is between the points of 0.76071 and 0.75772. At the moment, the price goes down to the point of 0.75409. Or the price will reach the point of 0.75772 and will go up to the point of 0.75409.
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  • #100,925
  • Mar 6, 2017 8:09am Mar 6, 2017 8:09am
There is a distinct hammer candlestick above the support at 0.7545, which is the (MA)89 on the daily time-frame, the pair will likely bounce off from that level. I am considering opening a long position.
  • #100,926
  • Edited 4:19pm Mar 6, 2017 3:06pm | Edited 4:19pm
Quoting james1254
There is a distinct hammer candlestick above the support at 0.7545, which is the (MA)89 on the daily time-frame, the pair will likely bounce off from that level. I am considering opening a long position.
Iron ore daily chart making lower highs and lower lows so I'd be very careful if longing A/U. Might be some more upside to A/U today given governor is more of a hawk than previous governor, but don't be surprised if 2nd half of week brings some new lows, or at least a retest of the recent low.
Hope for the best, prepare for the worst.
  • #100,927
  • Mar 6, 2017 3:32pm Mar 6, 2017 3:32pm
Quoting dab
{quote} Iron ore daily chart making lower highs and lower lows so I'd be very careful if longing A/. Might be some more upside to A/U today given governor is more of a hawk than previous governor, but don't be surprised if 2nd half of week brings some new lows, or at least a retest of the recent low.
Already aiming lower on this baby still holding the short from 0.77
  • #100,928
  • Mar 6, 2017 4:40pm Mar 6, 2017 4:40pm
I have entered short earlier today at the retest of .76000.

Planning to ride the slide down to .75500.
  • #100,929
  • Mar 6, 2017 9:27pm Mar 6, 2017 9:27pm
Quoting Windstrown
{quote} Already aiming lower on this baby still holding the short from 0.77
I use IB and if I hold any position overnight, I am charged 4%+ on AUD (irrespective of long/short) and 1%+ for USD. Which broker do you use? Do you get pay/receive swap points?
  • #100,930
  • Mar 6, 2017 9:37pm Mar 6, 2017 9:37pm
Australia RBA interest rate still unchanged, and says their currencies will remain low.
Means, AUD/USD will meet once again to support level 0.7550.
conclusion: SELL
  • #100,931
  • Mar 6, 2017 9:55pm Mar 6, 2017 9:55pm
Hi All

Without changing the rate the continuation of trend according to my previous recommendation here and in my page has been confirmed.
Now those traders who have not any position for this pair must wait to open Sell position between 0.8625 / 38 if they want to have a position without stress and take profit in T/P1=0.8540 and T/P2=0.8520 and with low lot T/P3=0.8475.
  • #100,932
  • Mar 6, 2017 10:31pm Mar 6, 2017 10:31pm
Quoting foxtraderfx
Hi All Without changing the rate the continuation of trend according to my previous recommendation here and in my page has been confirmed. Now those traders who have not any position for this pair must wait to open Sell position between 0.8625 / 38 if they want to have a position without stress and take profit in T/P1=0.8540 and T/P2=0.8520 and with low lot T/P3=0.8475.
thanks fox, by the way. is it 0.7625/38 that you mean?
  • #100,933
  • Mar 6, 2017 10:59pm Mar 6, 2017 10:59pm
He's on the AudJpy....pertinent post......
  • #100,934
  • Mar 6, 2017 11:02pm Mar 6, 2017 11:02pm
But....we're in a c wave up.....from that 7555.....clobbering it now......major c wave target 7833....counting the high at 7777 as the wave 3. Can ya see it.....we're goin for the final wave 5 up....which is also a major c.....so we have a trend finally bout time huh

Anyway, I'd be up 23% today if it wasn't for that one bump there an hour ago....I'm at like 14%....yea I screw up anything
Take care a my mates....here at FF
  • #100,935
  • Mar 7, 2017 12:08am Mar 7, 2017 12:08am
Quoting Gbp/jpy
But....we're in a c wave up.....from that 7555.....clobbering it now......major c wave target 7833....counting the high at 7777 as the wave 3. Can ya see it.....we're goin for the final wave 5 up....which is also a major c.....so we have a trend finally bout time huh Anyway, I'd be up 23% today if it wasn't for that one bump there an hour ago....I'm at like 14%....yea I screw up anything Take care a my mates....here at FF
Chart pls.
  • #100,936
  • Mar 7, 2017 1:50am Mar 7, 2017 1:50am
Quoting Noors
Yeah good, trade what your comfortable with. Drew these levels just before. AA is a good zone to short if we get there. DS is even safer. D is showing a good support if we break below D watch for a retest. As you can see on the chart there was no retest of D when it was broken. You need to wait for the hourly candle to close before you enter. So if we closed below D and price retested D and closed below that's considered as a retest then you can take the short. E is a nice little zone to buy some. {image}
Missed this one
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  • #100,937
  • Mar 7, 2017 8:00pm Mar 7, 2017 8:00pm
In the short time frame, Im seeing a series of lower highs with a flat bottom at .7586. I believe this pair will push through that bottom for a ride lower. In short.
  • #100,938
  • Mar 8, 2017 1:04am Mar 8, 2017 1:04am
S1/R1 : .7580/ .7600
  • #100,939
  • Mar 8, 2017 1:46am Mar 8, 2017 1:46am
Quoting QwikPips
In the short time frame, Im seeing a series of lower highs with a flat bottom at .7586. I believe this pair will push through that bottom for a ride lower. In short.
Wow I got so close to getting stopped before this rip lower lol. Staying short while the momentum lasts.
  • #100,940
  • Mar 8, 2017 1:53am Mar 8, 2017 1:53am
Quoting QwikPips
{quote} Wow I got so close to getting stopped before this rip lower lol. Staying short while the momentum lasts.
The AUD is unbelievable strong. It is one of the few currencies that recovered most of the "Trump rally".
Buy at the Low, Sell at the High You make money by waiting not by trading.
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