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AUD/USD

  • #101,221
  • Apr 12, 2017 2:58am Apr 12, 2017 2:58am
Quoting 9jatrader
{quote} There were already bearish trade setups formed based on technical analyses- AUDCAD formed Dark Cloud Cover below resistance- 1.032 on daily, while AUDNZD formed its own below the weekly resistance - 1.098
But shouldent they all roughly follow the au pair? At least it seems that way when considering recent months.
  • #101,222
  • Apr 12, 2017 3:02am Apr 12, 2017 3:02am
Hello guys,
I have just made new Daily levels commentary video. I hope you like it and find it useful.
I recommend everybody interested in Market Profile to watch it too. I think it can serve as a little educational material for you. Enjoy!
Inserted Video
  • #101,223
  • Apr 12, 2017 3:11am Apr 12, 2017 3:11am
Quoting MarkNovell
i don't like the last pattern on Daily in the pair. (technical) The last data trend about irone ore, china expansion, kiwi and some other indicate strong bearish. (foundamental) I'm thinking to wait some days
Considering to buy or sell? Do all this really affect aud on short term or just long term? Cheers..
  • #101,224
  • Apr 12, 2017 4:27am Apr 12, 2017 4:27am
Quoting eatthis
{quote} Considering to buy or sell? Do all this really affect aud on short term or just long term? Cheers..
It's better to get in early in whatever time frames we trade, otherwise you will be hit with reatracement even when your analyses is right
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -1.6%
  • #101,225
  • Apr 12, 2017 4:28am Apr 12, 2017 4:28am
It's late in some AUD pairs to go short, except after a retacement.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -1.6%
  • #101,226
  • Apr 12, 2017 7:23am Apr 12, 2017 7:23am
The employment data from Australia and trade balance data from China will determine the direction of the pair. It can either go up to 0.775 again or down to 0.72.
Don't Worry Be Happy
  • #101,227
  • Apr 12, 2017 10:23am Apr 12, 2017 10:23am
Quoting 9jatrader
It's late in some AUD pairs to go short, except after a retacement.
I see some retracement in audnzd right now, but it looks risky.
  • #101,228
  • Apr 12, 2017 10:41am Apr 12, 2017 10:41am
Quoting eatthis
{quote} I see some retracement in audnzd right now, but it looks risky.
You're correct. Only AUDCAD moving fastest right now.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -1.6%
  • #101,229
  • Apr 12, 2017 10:45am Apr 12, 2017 10:45am
Quoting MrPresident
The employment data from Australia and trade balance data from China will determine the direction of the pair. It can either go up to 0.775 again or down to 0.72.
Going up is a safe bet.
This is not investment/trading advise. Will not hold accountable for loss
  • #101,230
  • Apr 12, 2017 10:47am Apr 12, 2017 10:47am
Quoting 9jatrader
We can use the movement/setup on a particular currency to know what would happen soon with the other correlated pairs. I have the AUDCAD short. Two things were involved in these trade setup. One was the strong setup below resistance. The second was the failure of the bears to break the resistance while stochastic was on overbought region. These information gave more confidence. {image}
That's a long way down... 0_o
This is not investment/trading advise. Will not hold accountable for loss
  • #101,231
  • Apr 12, 2017 2:43pm Apr 12, 2017 2:43pm
and now?
  • #101,232
  • Apr 12, 2017 4:56pm Apr 12, 2017 4:56pm
TP1 done!

Up, up up
Attached Image (click to enlarge)
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  • #101,233
  • Apr 12, 2017 5:36pm Apr 12, 2017 5:36pm
Quoting Don96
{quote} If you trade with 10 net wins at 10 pips 15 times a month that is good return...
Depends on your position size, account balance, time available to trade etc etc. It might be fine for some and good luck to them. Just scalping is not for me. I'd rather target 50 to 100 pips as my minimum and aim for multiples of those in a month. Aim a key word, doesn't always happen.
Hope for the best, prepare for the worst.
  • #101,234
  • Apr 12, 2017 8:40pm Apr 12, 2017 8:40pm
great number out from aussie, 7608 (%50 fib) in sight!
  • #101,235
  • Apr 12, 2017 9:31pm Apr 12, 2017 9:31pm
AUD @.7565

Once again the market has read the stats all wrong and are assuming a possible interest rate increase.
How wrong they are.
Check out this chart below and let me know where an interest rate rise should be applied.
Queensland improved the most but hold the phone .They have just had a cyclone and businesses have suffered so wouldn't be surprised to that reversed next month.
South Australia .. what a disaster. 7%..

With Trump's anti strong US dollar comment this will fade and the focus will be back to geo political tensions etc

Good luck and happy easter
http://indaily.com.au/wp-content/upl...1.06.33-am.png
  • #101,236
  • Apr 12, 2017 10:33pm Apr 12, 2017 10:33pm
http://www.smh.com.au/business/the-e...12-gvk3xq.html

This is why interest rates aren't going up anytime soon.

Hedge funds have had an expensive experience in shorting Australian bank stocks... Most got squeezed out but timing is everything in this game and I believe its worth another punt real soon .
  • #101,237
  • Apr 13, 2017 1:52am Apr 13, 2017 1:52am
Short at .7590,looking for at least 30 pips, will watch the 4hr close
  • #101,238
  • Apr 13, 2017 3:09am Apr 13, 2017 3:09am
Quoting oztrader79
Short at .7590,looking for at least 30 pips, will watch the 4hr close
This looks sharp. Are you sure about your timing?
  • #101,239
  • Apr 13, 2017 4:00am Apr 13, 2017 4:00am
Quoting eatthis
{quote} This looks sharp. Are you sure about your timing?
I'm happy enough with the 4hr close, especially after such a strong move up.
  • #101,240
  • Apr 13, 2017 8:05am Apr 13, 2017 8:05am
Quoting MarkNovell
and now?
Avoid recency bias. We should not jump the gun. Look at the bigger picture. Market only reacting to fundamentals
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -1.6%
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