FX:GBPAUD   British Pound/Australian Dollar
4515 30 168
This pair is in a down trend. NFP coming up so one more spike up is possible .
I will be looking for the sell after the news .

Trade with care.
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any idea foe EA ?
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thanks for the advise
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Agreed the pair is in a downtrend Anil. But the "breakout" will be short lived as it is moving up. The daily is exhausted.
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watching closely anil, thanx heaps for the heads up.......
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On this one too, thanks for posting this Anil!
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I have a target for the downtrend.
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Using gann square.
Hope you sold after the news. In any case, you called it!
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GBPAUD, not it is in an uptend,, weekly in uptrend, ADX of weekly is 40(=strong uptrend) AD+ is above AD- , daily also AD+ above AD- , ADX is 30 (still strong), 60 Minutes chart...AD- crossed AD+, however ADX is lower than 20 (weak trend) and RSI is in oversold condition soon...technically a move up should occur..
I have no idea what you are talking about, but thanks for sharing .
+11 Reply
MHlousek anilmangal
I am talking about trend. ADX is a very important trend indicator. and the weekly and daily ADX is in a strong uptrend. Thasts why I do not understand why you write that this pair is in a downtrend. thanks
LOL , SERIOUSLY? you teaching me what ADX is? OK hope you get it this time , I still don't have a clue what you are talking about, but thank for sharing.
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MHlousek anilmangal
I am sorry, do not want to teach. This pair is in a downtrend, ok)
It's likely that Anil is my teacher :)
MHlousek puretradelife
Welles Wilder is my teacher))...I do not want to teach or criticise anyone. But as long the dailys show that DI+ is above DI- and the ADX ist above 20 it is for me still an uptrend. Once the DI+ and DI- cross each other (best above ADX 20) , it is a possible change in trend...it is simple as that. And a good teacher would not have written: " I do not know what you are talking about"..he would have asked: "what do you mean?.)) But anyway! I still did not learn from Anil why it is an downtrend. I would like to know but he writes LOL...what should I say?))
You could ask him to teach you. I think his the best of die best, LOL
anilmangal PRO puretradelife
OK Guys knock it off ,no noise or distraction is needed. Everyone has a right to his views.
+7 Reply
marcus123 MHlousek
With all due respect, I personally would not pay too much attention to one indicator (ADX)alone/ in isolation.
Everyone just needs to focus on trading.
That's why we are all here; to enjoy the challenge.
We all want the best for each other.
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The debate is trading related. Debate is healthy as it can help inform and educate as long as it doesn't become personal.
Indicators won't find the nuances in the price action that we need to figure out market condition.
You need a combination of price action, structure, experience and a specific analysis methodology to figure out the market type, either corrective/sideways or trending up/down. Once you know that, some indicators can provide useful cues, like for example finding divergence on momentum indicators, or oversold/bought extremes in a range scenario.
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Pair mayor trend is bullish, but our Friend Mr, Anil is giving us a nice Short Posible Trade...
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Yes agree it's all about which time frame you are looking at and NOT AN INDICATOR . Yearly down, Monthly up, weekly correcting, 240 and 60 down . And that is what I meant when i say I say I have no clue what he is talking about. Don't tell me your indicator says you are in an up trend.
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great work sir i put tp is 2.1250 let hope it will touch
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anilmangal PRO imtiaz.ahmad
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congratulation dear Anil . may you update your idea for Gbpaud please ...
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Will it go further down or will it reverse?
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Mr Anil is absolutely my teacher . the downtrend of 60 is classical that " lower low ,lower high" from what I learned.
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