FullTimeTrader
Long

AUDUSD-prepared for 800 pips. Plan 1

FX:AUDUSD   Australian Dollar/U.S. Dollar
2671 35 41
According to my long term analysis this pair already bottomed.
If you know the personality of this pair when it starts rallying no one can stop it.
I think the rally already started. Price is making a shallow retracement now to strong level of S/R.
I will try to enter here or lower. It this setups fails it would be a small loss but i do no want to miss the big reward.
Best regards.
ChetanFX
a year ago
Watch your SL it can correct down to 0.7165 then back up again..
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FullTimeTrader ChetanFX
a year ago
Hello, sure it could or could not, this is my first plan. If will buy lower also. Regards.
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ChetanFX FullTimeTrader
a year ago
Nice.
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farrukhmpm FullTimeTrader
a year ago
if we buy here audusd so what should be SL here.
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Agreed, this and NZDUSD are terrific longs potentially.
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FullTimeTrader IvanLabrie
a year ago
Sure, one question, i was attending some hurst cycle analysis webinars and according to its projections price will make a crest aprox. on 28-dec-2015. What is telling your time at mode system?
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IvanLabrie TOP FullTimeTrader
a year ago
I just posted an idea, had a private one where I signaled a long from the truncated fifth/double bottom formation on the daily.
I first posted NZDUSD; but now I also have AUDUSD. Adding your idea to related ideas as well.

AUDUSD: Long a retracement if offered


There's a moderately high probability of a retracement and continued rallying in this pair until at least November 9. There's a lower probability chance of rallying towards 0.77845 by February 2nd, 2016 or earlier too.
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FullTimeTrader IvanLabrie
a year ago
Great, lately im interested in time factor, im startim with Hurst Cycles, according to its analysis december 20015 and march 2016 will mark significant top and bottoms. Thanks for the information.
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IvanLabrie TOP FullTimeTrader
a year ago
This is the limit for the move, it can end sooner.
Cycles can be good too, worth a look for sure.
March 2016 makes a lot of sense based on my intermarket analysis.
Cheers!
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Hange
a year ago
good chart, I was always thinking W bottom and gartley, which is stronger? and this time ,it will not go 0.382AB, right?
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FullTimeTrader Hange
a year ago
Yes, the garlet is working and the 0.38 is more "realistic". Off course we can never be so sure, the market will tell.
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Hange FullTimeTrader
a year ago
when the gartley happens, I close half of this pair, wish have a good chance to long again this time
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Jahid
a year ago
same here AUD/JPY
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DiegoCarbajal
a year ago
800 pips doesn't sound irreallistic but for now I prefer the performance of the kiwi
Over the aussi
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FullTimeTrader DiegoCarbajal
a year ago
Hello, thanks for sharing your view. Regards.
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JeffKip PRO DiegoCarbajal
a year ago
Yeah. Kiwi has been moving well.
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800 Pips, I think it's quite possible. Especially if we get a clean break past 0.75300 (previous Support/Resistance and long-term Pivot, Trading Central).
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The RBA is currently keeping an open mind as pertains to monetary policy while Fed Funds Futures show little chance of a FOMC Rate Hike this year.
This has the potential to move quite high.
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JeffKip PRO
a year ago
Brilliant setup. I'm in agreement. That push higher could begin today, especially if USD economic data turns out to be less than impressive later on.
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FullTimeTrader JeffKip
a year ago
Hello, thanks for comment. 800 pips would be no the first time for me to make(if you see my previous ideas). My goal is winning big and losing small. Regards.
+1 Reply
JeffKip PRO FullTimeTrader
a year ago
100 Pips in Already here. :)
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FullTimeTrader JeffKip
a year ago
Great!! we have 700 pips more to go (just kidding). Its always a good idea taking partial profits. See you!
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JeffKip PRO FullTimeTrader
a year ago
Of course. Thanks. Keep it up.
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peter.kralmail
a year ago
some traders post ideas about gartley, or bat pattern in this cross. So this was obvious, that price will move lower, than you expected. Price broke the resistance on 0.727, then move back (typical stophunting)
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FullTimeTrader peter.kralmail
a year ago
Hello, thanks for your comment. Regards.
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peter.kralmail FullTimeTrader
a year ago
One old trader told me once, put your order to price, when you was planning to put your stoploss.
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aibek
a year ago
Thanks for this alternative count. I thought we are still in 4 of 5 of 5 down. Founded impulses in (1) and 1 of (3) and changed my count accordingly.
I think correction in 2 of (3) will be deeper my friend.
snapshot

If c=a of 2 then we can touch 61.8 of 1 of (3) around 0.71
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FullTimeTrader aibek
a year ago
Hello, i know some traders considers this is a wave 4 of 5 down, i respect them. In such cases i prefer to make a deep study using other techniques as hurst cycle analysis, fundamental research and currency correlation (wich they not consider because they are strictly ellioticians), after that my conclusion is tha this pair already bottomed. I will only focus on longs from here or lower. Off course only the market will tell. Thanks for sharing your view.
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aibek FullTimeTrader
a year ago
it turned out to be iv of 1 of (3) so 2 of (3) is still pending
snapshot
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aibek aibek
a year ago
alternative count
snapshot
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aibek aibek
a year ago
0.75973 (territory of 1 of C down) is invalidation for 4 in favor of upside impulse count
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FullTimeTrader aibek
a year ago
hello, yes i keeping in mind both scenarios (we can neve be so sure). your first count is my prefered. One old elliotician told me the "personality" of this pair is having not very clear EW structures, i agree with him. regards.
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IvanLabrie TOP FullTimeTrader
a year ago
I think the correction isn't done yet, seems like an impulse down and a zigzag up, so, one more impulse down?
Also, too little time if it's correcting the leg you label as a lower degree impulse after 1-2.
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FullTimeTrader IvanLabrie
a year ago
Hello, could be for sure.But i decided before not to break my head with internal subdivisions. I'm not a "stricklty elliotician". As i said before im relying also on hurst cycle analysis, fundamental research and currency correlation. Thats why my prefered scenario is that this pair has bottomed.
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IvanLabrie TOP FullTimeTrader
a year ago
Indeed, no need to go too nerdy with the wave count. But time is a factor I consider.
Also, the price action, that first leg down was quite forceful to end there.
I'll wait a bit more, NZDUSD seems ready to retrace but I don't have the guts to counter short it.
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IvanLabrie TOP aibek
a year ago
Do we have any extended wave? Maybe the impulse is incomplete, I really don't know.
Need a wave to be 1.618 of the next large one to confirm an impulse there.
It looks like it might be an incomplete impulse, but I'm not sure yet.
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JeffKip PRO
6 months ago
8 months down the line and this setup is still valid. Aussie has come a Long way.
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