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AUD/USD

Quoting thewriter30
{quote} Thanks an useful comment. For those condescending guy telling me to go back to baby pips and such.. .well thanks but you are missing the point. I know what i know and in 10 years reading more BS about what could maybe casually hopefully explain an up or down move won't help. If it was about reading you all be rich you know it all and you ain't Let me tell you how the market works; The markets is a contrarian bitch. It will do anything to fck you up. Think of the latest down move. First it did all in its power to hit ad many stop losses as...
My cycles work has AUDUSD long for next 2 weeks, then cover on a May day, between 1st and 4th, and then wait for the shorting opportunity to appear. Probably the NFP May 5 will give the signal to begin shorting.
Ecclesiastes 1:9
AUD @.7590

Well the big headline out in Australia today is how they are going to handle the property bubble.

The simplest way of course is to decentralize and create jobs but that seems too difficult for the govt to comprehend.

What their intention therefore is to limit your investment in property.

Australia isn't running out of land. Its running out of skilled political and creative know how.

Watch the govt blow themselves up here along with the property industry.

It will get ugly
More light on the Australian property problem.

This is Australia's equivalent of America's sub prime which has the authorities in panic mode.

http://www.smh.com.au/business/the-e...17-gvm3a6.html

In Australia the debt stays with the borrower. You cant just walk away but the banks still hold the property under a default albeit at a value which more than likely has significantly dropped.

So banks and borrowers are in a hole together. A double whammy.
Unemployment rate concerning the govt ... Lets create some jobs like infrastructure or nation building .. lets not .. Lets just cut out working Visa's

http://www.abc.net.au/news/2017-04-1...-visas/8450310

Im amazed the short sightedness of both state and federal govts in Australia.

At least Trump is having a go
Quoting lasty
Unemployment rate concerning the govt ... Lets create some jobs like infrastructure or nation building .. lets not .. Lets just cut out working Visa's http://www.abc.net.au/news/2017-04-1...-visas/8450310 Im amazed the short sightedness of both state and federal govts in Australia. At least Trump is having a go

Whose to say that the importation of migrants was another scheme to create more debt to off-set the CB's banks books diminished revenues? Canada also shares in this perspective, because with such unfettered migration, the notion that it would spurn economic growth has been blown to smithereens! See Denmark. Since their immigration policy was set into place, they now carry a -38% deficit in what it costs the public coffers to pay for such policies based on shear lunacy to house and give quarters to the great import of immigrant workers.
AUD BIIGESTPUNCH in the guts has been a drop of iron ore of 4.2% today.

Aud will be going through some gains as now the aud is at a realistic value.
it falls hard after 0.76
Don't Worry Be Happy
Quoting newbegger
{quote} My cycles work has AUDUSD long for next 2 weeks, then cover on a May day, between 1st and 4th, and then wait for the shorting opportunity to appear. Probably the NFP May 5 will give the signal to begin shorting.
Been investing for over 35 years. Been full time forex trading for 8 years. I do not recall having one of my posts faded so accurately. As I was typing the last post, the movers came in and went hard against my position. Anyone fading my post would have a handsome profit!
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Ecclesiastes 1:9
Quoting newbegger
{quote} Been investing for over 35 years. Been full time forex trading for 8 years. I do not recall having one of my posts faded so accurately. As I was typing the last post, the movers came in and went hard against my position. Anyone fading my post would have a handsome profit! {image}

These markets do not behave technically sometimes
Find a trend and milk it for all it is worth. That's how to be profitable
Quoting Olu
{quote} These markets do not behave technically sometimes
Very true..
Aud will start to head north true.. aud is starting to look like good.value for once
thinking of being a bit aggressive and shorting it at 0.751. 0.748 level has been tested so many times in the last few weeks its bound to break.

EDIT. waiting to see if it reaches 0.753
Quoting nooblaster
thinking of being a bit aggressive and shorting it at 0.751. 0.748 level has been tested so many times in the last few weeks its bound to break. EDIT. waiting to see if it reaches 0.753
Aud can easily turn positive. IRON ORE prices got smashed and so did the asx 200. Now when prices looks fair big buying hapems
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my technical analysis. I think another short and after 3 waves on long... Foundametal analysis talk about improvment of statistics.

Sorry for my bad english.
Long 0.7520. TP around 0.7550 area
SL -15
AUDUSD
Pattern : Head and Shoulders

Buy Stop -> 0.75333
Stop Loss = 0.75097
Take Profit = 0.75663

https://t.me/FxClassic
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down channel was broken. but met the magic 6.18. will still keep the short position to see which one rules.
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Quoting Onizuka
Long 0.7520. TP around 0.7550 area SL -15
Close manually, 0.7547
+27
Quoting newbegger
{quote} Been investing for over 35 years. Been full time forex trading for 8 years. I do not recall having one of my posts faded so accurately. As I was typing the last post, the movers came in and went hard against my position. Anyone fading my post would have a handsome profit! {image}
Oops, I did it again! Check it out. The buying began almost exactly where I posted how bad my long call was. But the LOL is on the movers as I was still holding my longs. Cashed them out on the upswing, hahahaha to the MM's scare-me-out attempt.

So now I am going short. Or am I?

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Ecclesiastes 1:9
Quoting newbegger
{quote} Oops, I did it again! Check it out. The buying began almost exactly where I posted how bad my long call was. But the LOL is on the movers as I was still holding my longs. Cashed them out on the upswing, hahahaha to the MM's scare-me-out attempt. So now I am going short. Or am I? {image}
Aud will be heading into bull territory.
Quoting jpcashflow
{quote} Aud will be heading into bull territory.
Based on what?
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