6AN2022 trade ideas
AUD SHORT Sellers took control of the market with the tail up at the high
buyers tried to go higher after the tail and sellers hit them back down
Buyers tried to step up and hold the line but couldn't - sellers swapped them out
Market is going down now until it's not
6A1!long. I think this will go up unless the line below breaks out. Always use stop loss. Good luck.
A Kangaroo Hop!Things seem to be going well down under. With Iron Ore prices jumping close to 8% last week, Australia, the largest exporter of the raw material stands to benefit greatly. In 2021, Iron Ore exports totaled close to US$120 billion. This contributes greatly to the demand side pressure on the Australian dollar.
Looking at the charts, the AUDUSD pair is currently trading at the bottom of the channel support on the 1-hr time frame. With the 200-period moving average right below current levels, we think downside resistance will prove strong and prices will bounce off the bottom of the rising channel quickly.
Stay tuned to the Reserve Bank of Australia’s meeting tomorrow and time your entry there! Assuming no surprises and the technical supports are intact, we favor the long side for the AUDUSD pair.
Entry at 0.7190, stop below 0.712. Targets are 0.7346 and 0.7460.
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
Shorting /M6AShorting mini AUD futures tonight. Stop loss is now my entry so nothing to lose other than commissions and fees.
AUD/USD Long FuturesWhen price changes we need to change with it and tune ourselves in to what are they doing?
In this case, buyers are making HH/HL's. In my previous post i was anticipating an expansion of price into the major.
Order moved into the swap of the minor pivot
Shorting AUDUSD Futures MiniHappening live right now. Trying to short AUD. Will either lose $20 or make $40.
SHORT AUD futuresAUD price action possible short at T1
Definite short if Price reaches T2
and possible reversal at T3 manage Stops
Australian dollar corrective forcastLevels and timing forecast. Looks like a corrective wave after impulse waves.
AUD down to earthFor a while recently the Aussie dollar has been tracking the US dollar price of oil. While the correlation is by no means permanent, we've seen both receding recently. AUD/USD's DI- has been approaching a convergence with DI+, and traders may wish to short this pair when the negative indicator crosses higher.
Aussie positioning ahead of Governors Speech Westpac CCThe Aussie has been on a torrid bull run benefiting from commodity strength and anticipation of reopening of its borders. Trading above its 200-day MA, with any Hawkish comments from Lowe and his counterpart and any improvement in Westpac CC the bulls will take control again. Techonomic Trading Strategies 90% Technical Analysis 10% Fundamental Analysis
Watch for an Aussie setupNice rise here, but consider going short if AUDUSD reverses after touching the upper bound of the trend channel.
AUD Futures: Reversal H&SMajor Pattern: Monthly H&S
Right shoulder is a Descending Triangle
An Inverted Reversal H&S could be confirmation signal at 0.7260
LVN & 4 Hr Supply at .709006A is coming into a weekly LVN at .70500 but if it breaks through this level ad pushes to the next weekly LVN, I like that trade better because it has 4 Hr Supply confluence. Keep it on the Watchlist.
As always this is not Financial Advice, I am just sharing the trades I plan on taking for a few reasons, one to log my trades, 2) some accountability and documentation, and hopefully these Ideas help somebody to find some trades of their own. I would Love to see anybody elses Idea links in the comments. Happy Trading Everybody. Good Luck this week
AUD Future Long potisionYep, another way to think of it is that if everyone was using limit orders (no one using market orders) the price would never move. Everyone would just be sat there on the bid (buyers) or the offer (sellers) looking at each other. It takes someone to trade at market (to buy from the offer or sell to the bid) to move the price. When you're trying to exit a position you can either use a limit order and hope someones market order fills you, or you can use a market order to buy/sell from someones limit order to exit immediately, to cost of this is getting a worse price.
===> PLEASE IGNORE THE NOTES. I'm lazy when I have to write messes up in my brain.
Micro Futures AUDUSD Bullish ReversalM6A/ AUDUSD completed the reciprocal AB=CD Pattern. Expect a reversal around the marked area and target the previous highs or a possible a new higher high.
Geometry: Shapes, Planes, and FiguresIn geometry, two such known forms are the circle and the square; however, a circle is merely a type of ellipse, so there are ellipses and squares.
Squares can be incremented and decremented, and their essential units can be found. Ellipses eccentricity can be added or removed thus creating variating arcs.
"Make It Mine" on this chart; deconstruct it; study it; study how it was formed; study the extensions that can be built on top of the base form. Even study beyond this, for this is not the end, only the beginning.
Original Chart: 13 mins
Scaling = .0001
(Had to change the duration to be able to post)
In-exhaustive book list
Law of Vibration - Tony Plummer
Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course
Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III
H.M. Gartley - Profits in the Stock Market
Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition
J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach
Disclaimer: Not financial advice, no recommendations to buy or sell, no warranties of merchantability, profitability, or probabilities.
Geometry: Chart ExhibitFirst and forever reminder: expand into your own, continually evolve and grow.
Press share "Make it Mine" to view the full interactive chart
Note: Relationship of numbers to each other
Note: The sequence of the various shapes
Note: Geometric Angles
Note: "45" angles up and down various intersection points
In-exhaustive book list
Law of Vibration - Tony Plummer
Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course
Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III
H.M. Gartley - Profits in the Stock Market
Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition
J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach
Disclaimer: Not financial advice, no recommendations to buy or sell, no warranties of merchantability, profitability, or probabilities.
Forum:
blackcryptolink.com
Geometry: Chart ExhibitFirst and forever reminder: expand into your own, continually evolve and grow.
Note: Adjusted axis, and regular horizontal and vertical axis
Note: Arcs
Note: Geometric Angles
In-exhaustive book list
Law of Vibration - Tony Plummer
Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course
Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III
H.M. Gartley - Profits in the Stock Market
Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition
J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach
Disclaimer: Not financial advice, no recommendations to buy or sell, no warranties of merchantability, profitability, or probabilities.
Maybe up nowExcellent new one ☝️ Ya know you have to be a new one in a while back in mnm and I don’t know how to get you to me and how do I do you do that and
Australian Dollar Monthly Time Frame Bullish BiasOctober 18th 2021
Australian Dollar Monthly Chart Bullish Bias
Looking at Current Market Price Action, on the Monthly Time Frame We can see that the Australian Dollar Futures is painting a bullish recovery over the past 2-3 Weeks.
Finding support at the 0.72000 level we can see that the price action of August and September were unable to set lower lows. Combining that with the fact that in 2020 we set a high we haven't seen since roughly June 2018, at the beginning of this year we were able to see price trying to continue into a higher price target but was unsuccessful , as large levels of liquidity were most likely used to take some profits off the table on the fund level. Using the nearest level of structure created with the low in Nov 2020 and the high in Feb 2021, I was able to find a retracement level that was being respected as well as showed reaction at the 0.786 retracement level and combining that with the whole level of 0.7200 that creates a strong reason for price to reverse.
The other factor we have in our favor is October is the start of the new quarter which opens up the door for a potential quarterly shift which we are seeing the first signs of now.
That combined with the clear targets we have of prev highs from 2017 we have a clear path with the underlying bullish trend to the 0.80000 level.
