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AUDUSD | Forexmospherians Take the Trade

ForeXmospherians Taking the Trade in a volatile Market.

AUDUSD - Reviewing and in summary some of the Live action for this pair amongst many in Jim M blog A handful of Heresy JPY Crosses

Display of Trend, Swing, Intraday, scalping with a fully comprehensive mix of Time Frames, Live commentary and entries ranging from 1 Hour Analysis to the advanced 1/20th of a second, or perhaps more famously known as Blink Charts when Forexmospherians traded at FXstreet many years ago.

AUDUSD M30  3B plus Bull Flag plus EPR MC  = Bull in that frame

30 Second AUDUSD  currently Inv plus Desc Tri plus MC plus DC = Bull in that frame with R sighted @7482

identified in this chart attached, However and going smaller still the 5 second charts EPR's H/S near the  M.A.R.K. @7479

Far beyond a 5 Second chart the 1/20th of a Second Analysis- Long labelled below headed for the M.A.R.K

3B Dynamic Support Versus SymTri Resistance near the M.A.R.K

Breakout Either Direction causes the Bias and Bulls or Bears would show their hand.

SL set @ISSL

Dynamic Support Breached with MC and Entry

1 Hour Bulls have AU Still long but from 30 Min downwards its a sell story and conflict seen by whipsaw. Currently Standing down until resolved.

AUDUSD M30 3B plus Bull Flag plus MC plus EPR DC not confirmed = Bull NTZ in that frame

1 Hr Bulls Still have control.

Entry = IS with SL @ISSL

Holding AU long by about 18 pips and ready to let this one travel

AUDUSD M30 3B plus Bull Flag plus MC plus DC plus DC= Bull in that frame

1 Hr Bulls Still have control. M30 Chart attached along with the Data Translation and hold

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Sir Gissachance (PPND)
Forex Trader and Senior Technical Analyst
Currencies USD, EUR, GBP, JPY, AUD, CAD, NZD, HKD, CHF, All.
Previous contributor and lead Trader: Secret Forex Society (SFS), IRC Forex, FXStreet, Forexmosgate, Forexmospherians.com
Market Alerts - Forex Trading and the Wisdom of the Crowd, Forexmospherian Currency Kraken.
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Comments

  • 3085042?profile=RESIZE_1024x1024Forexmospherians Take the Trade - AUDUSD 1 Hr Bear - 5 Sec Bear - 1 Second Bear - 1/20th Second Negative Negative Negative

  • Flipping through the spheres I found my self caught between a rock and a hard place holds long A/U say what ?

    Fulcrum Pivot /// just kind of balancing right here looking to break further to the upside ///

    3086366?profile=RESIZE_1024x1024on closer looking through different lenses I spy a pennant that implies continuing up : 3086426?profile=RESIZE_1024x1024any insight would be most graciously accepted :-))

    Split~

  • Dear Splithand,

    Good question about where the market currently is and for the benefit of new traders and putting things in simplistic terms, the long answer here or at least could be: As we know price never entirely travels in one direction without finding a bump in the road which either changes the market bias or acts as support or resistance to slow down the Price for awhile. Perspective is the next thing to view and where a Trader is in a given trading plan relevant to the Time Frame involved. So its only fair to say one persons long is another's opportunity to short, or visa versa. However, there are various other things to consider because the results for the aforementioned can be positive or negative with numerous conditions effecting the outcome for all. 

    For example:

    Trader "A" is trading in a 1 Hr Time Frame and following the trend. That traders sees a Bull market. The Price Action enters a pattern, for instance, a Bull flag, which can be seen as one step forwards and two steps backwards in Price Action (or at least until it breaks). If Trader "A" is attempting to go long bias and is unaware of these dynamics then the Trading will be problematic.

    Trader "B" Is trading the same TF but can see the range and trades both ways.

    Trader "C" Is trading much smaller TF and is unaware of a bias present or potentially forming. Results in quick profits but suffers over all losses as the Trend is not known to them.

    Trader "D" Is intraday Trading, aware of the bias, experience in range trading and able to see the bigger picture and potential whipsaw.

    And so on, with a whole Alphabet of other traders and possibilities.

    Oh and nice chart by Splithand which is very tradable so well done for mapping and sharing.

    And here is the short answer to your question Splithand and hope it helps :0)

    AUDUSD

    CBA = Neg NTZ

    Daily = Bull (but held at R along with Dynamic support identified.)

    1 Hour = Bear NTZ

    15 Min = Bull

    5 Min = Bull NTZ

    1 Min = Bear

    5 Sec = Bear

    1 Sec = Bear

    0.02 Sec = Neg

    Best Regards,

    Sir Gissa

  • thanks man the prompt reply tis the noise in the mean Sir and thus I ride the 15 min 4 hour = daily hope to be a pleasant ride see you soon

    Regards Split~

  • and this is why I held out 3086368?profile=RESIZE_1024x10243086391?profile=RESIZE_1024x10243086412?profile=RESIZE_1024x1024helps to be in the right place at the right time whats kraken my friend ?

    Split~

  • Might I explain a bit of what I was looking at when I checked in on the Kraken : http://www.forexmospherians.com/market-alerts/forexmospherian-curre... if you have not looked I suggest give it a shot getting my overall idea as to the direction of price as I was already long A/U from last week so with a sharp E.Y.E. I spied bull flags within my 4 hour forks 15 min and 5 min line so as the minutes tick tock tick tock on by I patiently await for E.P.R. to give me a clear indication of when where and why to add ! all the while keeping in mind the over all bias yes and being fully aware of data along with the wonderful insights given here thanks to the ForeXmospherians and Salutations to Sir Giss in showing me how to look at the markets through different lenses each time frame is like seeing through a different lens each one telling a story of its own ....

    Thanks Man :

                         Richard

    • You are welcome Splithand and my pleasure.

      Sir Gissa

  • 3086489?profile=RESIZE_1024x1024AUDUSD - Incoming

    CBA = Pos NTZ

    Daily = Bull

    1 Hr = Bear

    15 Min = Bear

    5 Min = Bear

    1 Min = Bear

    5 Sec = Neg NTZ

    1 Sec = Pos

    0.02 Sec = Neg

    Best Regards,

    Sir Gissa

  • AUDUSD - Incoming scalps on Charts and hope the Kraken proved successful to those who caught it in time, as above so below.

    Best Regards,

    Sir Gissa3086506?profile=RESIZE_1024x1024

    3086522?profile=RESIZE_1024x1024

    3086558?profile=RESIZE_1024x1024

    3086573?profile=RESIZE_1024x10243086593?profile=RESIZE_1024x10243086603?profile=RESIZE_1024x1024

  • AUDUSD - Incoming Short Hold - M15

    Moving Averages: Forex chart analysis guide for display only here as they are the most commonly used as a practical example. i.e. 200, 50, 20MA.

    Needless to say Support and resistance as well as EPR are utilised. 

    Best Regards,

    Sir Gissa 

    3086496?profile=RESIZE_1024x1024

    3086519?profile=RESIZE_1024x1024

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