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AUD/USD

Discussion in 'Forex and Cryptocurrencies' started by traderino, Apr 13, 2006.

  1. Triple B

    Triple B

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    Yah .Ihave been short AUD against USD and JPY last couple days. I believe many orders under 0.70 USD .(long holders stop losses) may be responsible for the flash.See it all the time on shorter timeframe , good to see it play out on the longer TF too.
    I intend to hold with stops in profit. Been waiting for this for weeks.
    Gold is also making a strong move ATM and $1300 During NY tonight looks like a good thing.
     
    sasch likes this.
  2. cogs

    cogs

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    Thoughts on AUDUSD target after Thursday/Friday move?

    I find it amusing financial reporters mixed messages.
    Bloomberg reporter after AUDUSD flash down saying AUDUSD will stay around the .70 handle. I think he just wanted to say 'Handle'. Wait and see I spose.

    And in another:
    First NZDUSD bullish:
    https://dailypriceaction.com/daily-setup/nzdusd-weekly-bullish-pin-bar-points-to-higher-prices
    Then 10 hrs later another reporter NZDUSD bearish
    https://www.dailyfx.com/forex/techn...tinue-Slide-NZDCAD-Faces-2016-Resistance.html
     
  3. cogs

    cogs

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    For those interested, it appears a good wick still holds good probability in spot forex amongst all the algo's , albeit on longer time frames now days.
    A small attempt was made at a fade after market open (as always) and this can be seen on the crosses, but all sessions were buying the AUD so they had little hope.
    USD is coming off nicely so this should be a nice move.
     

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  4. cogs

    cogs

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    Target ~ 0.73470 to where the trapped money was (now blown out with the squeeze and spike).
     

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  5. cogs

    cogs

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    I find it interesting that general traders are baffled by the AUD rising, then attempt to rationalize it, or a financial reporter then writes an article justify the move.
    It's just big players via algo's moving the market to close out positions.
    There are a lot of positions yet to be closed out right up to 0.73050, then another step up to 0.73700. See previous post chart.
    After today's effort we should see another push tonight up to ~0.72500
     
  6. cogs

    cogs

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    Didn't quite reach 72.5 on the overnight grind. Still more hidden gaps above (while more develop below), with big positions above yet to be closed.

    Just thought I would add my trades to show I am not full of it.

    Reasonable effort being used to shake traders out at this level, hence all my small positions. USD/CHF still has upside potential so this is starting to get messy. Once this pair finally reaches the ~0.73750 level and gives signals there just may be some valid reasons to look at some shorts, but these daily wicks do hold some punch.

    AUDUSD T1.png
    AUDUSD T2.png
     
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  7. InsvestoBoy

    InsvestoBoy

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    What defines a hidden gap?
     
  8. cogs

    cogs

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    Hi Investo,
    Just an indicator I developed which has proved itself over time. There are various formulas and indicators out there which highlight these retrace-able areas.
     
  9. InsvestoBoy

    InsvestoBoy

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    Did you develop it? Because I remember following a FX trader on forexfactory.com since 2009 who calls themselves HiddenGap and has a pretty clear definition of what one is...

    https://www.forexfactory.com/hiddengap
     
  10. cogs

    cogs

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    Had a quick look and he/she has some interesting posts, couldn't see their definition tho.
    Looks like they may have answered your general question.
     
  11. InsvestoBoy

    InsvestoBoy

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    From memory their definition is large spread/range candles with no or small wicks, something like that.

    But you're just gonna say this:

    and then this

    and then not define what you're talking about?
     
  12. InsvestoBoy

    InsvestoBoy

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    from: https://www.forexfactory.com/showthread.php?p=4805164#post4805164

    found it from some quick googling...

    so are you saying you developed this indicator?
     
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  13. cogs

    cogs

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    Hi Investo,

    I am not sure where you got the idea anywhere that I said 'I developed the system, coding or indicator you are referring to', but I guess you are entitled to misinterpret any posting that anyone shares on this forum.

    In addition, I have not mentioned I need to, (or intend to) define anything I am talking about. Quite simply take it or leave it. Many others have liked what I am sharing, it would be so easy for me to just not post at all.

    I use my own proprietary systems and indicators coded for use on CTrader. I have my own coder O/S. If you follow what everyone else uses and does, expect the same results.

    I think your agenda is beginning to be made quite clear now. Do you have anything to share about AUDUSD?
     
  14. InsvestoBoy

    InsvestoBoy

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    When I asked "how do you define a hidden gap", you literally said:
    My agenda is as usual to try and understand what people are doing and whether there is anything worthwhile there.

    I follow hundreds of quantitative systems and strategies which cover all different kinds of ways of looking at the market. If I see people talking about something which isn't clear, then I question it, to understand if it's something new to add or another take on something I already know about.
     
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