AudUsd Potential Sell

By Tim Cameron

I will be entering a sell if we approach 9000 stop at 9035 and I have entry sells at 8910 and 8875…this will be a fast moving sell trade………Tim

aud 15 min

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  • Vickyc414

    I am glad you wrote this, it seems like no communication between all of them, guys take a look at http://www.wtforex.com, i have never seen analysis like that before, to the pip

  • Rashid C M

    How could you become so bearish on this pair when AUD GDP came out with stunning positive data? I already warned when Tim Black posted a so bearish trade on euro usd pair. Link given here. http://winnersedgetrading.com/eurusd-trade-idea/ . He watched the price action on euro usd on august 20 and determined that euro usd is going to fall big. I said that there were no strong fundamental data to short euro. And now look at this pair, its @ 1.2800 breaking resistance of 1.2770.!! Yesterday’s ADP Non-Farm Employment Change data was very disappointing; previous month’s NFP data was also very disappointing. The coming Friday’s NFP data is expected to be a negative number, where all these fundamental datas are bearish for usd. The upcoming NFP or AUD interest rate data will decide whether to halt or give fuel to this AUD upmove. As I always say, “Let the market show where it moves”!!

    Regards
    Rashid

  • Garyb

    First G/CHF then A/U this has to be a bad week for Casey.

  • Vickyc414

    What an Idiot, read your post on August 14, for the same pair, I told you before you don’t know what you talking about. You not even counting the waves correct, where did you learn to trade, you just like the others talk shit. I give the advise before where to go and learn, to the pip, the most accurate analysis and you may learn and stop talking crab. Just admit you don’t know.

  • Timcameron61

    Just a FYI, I have re sold at 9086..this time I am able to place my stop above the 9220 high and keep a 2% risk of capital. target is still near 8500 for the long term move. this is a 4/1 reward to risk and is based on 5 wave sequence down from 9220 and that this move up is in 3 waves and extended at this point.

  • Timcameron61

    info, you ever see the currency run the opposite direction of the fundies???? I have a million times…….

  • Info

    That’s what you get for ignoring fundamentals.

    I know, it’s all priced in in the charts. No, it’s being priced in, hence the rise not fall.

  • Gamma

    Sell now with a 30 point stop loss

  • Gamma

    Anyone with any sense will look to sell at 9070

  • Timcameron61

    Sorry JD we missed on that one….we are very extended here so be careful with any buy……more trades forming…..and we’ll be right back at it if the opportunity presents itself…….I am done trading until after Labor day unless the set up is perfect and the price breaks wave rules…….this was my best Aug in 6 yrs….up 17%…..pre Labor day has always been about as bad as just before Christmas to New Years……

  • JD

    lol, yes you are correct

  • Timcameron61

    above 9029 this move up becomes a wave 3 not a c and she would be right but beware of a retrace wave 4 before much higher highs are hit……..thats the beauty of wave theory. I know to the pip when I am wrong and can change my out look instantly with defined reasons to do so….I don’t know if Casey remembers but when we had the flash crash in the stock market a while back, the usd/yen broke a wave rule…I had to go from bullish on the dollar to bullish on the yen instantly….look what happened since……wave trading is not 100% that is why stop losses and MM are still ultra important. but in this instance, I have 35 pips at risk to potentially make 500…….that is a 15% gain if I am right and 1% loss if I am wrong….not to mention the extra juice with the add on trades……….the fact everyone is bullish makes me smile…….eventually all the bulls have bought…do you know what that leaves????? SELLERS

  • JD

    sophia has it as a buy above 9025 just now

  • JD

    small size, lets see how it goes Tim at 8999 just now

  • JD

    it seems everyone is bullish on this pair

  • Timcameron61

    measured move if all positions fill is 8500……………..stay with it…if it becomes less, I will let you know……..

  • Timcameron61

    Wave count is very clear here…..we did 5 waves down from 9029 now it appears that we are doing an ABC up in a retrace…..as long as 9029 holds this pair is going to drop and drop fast in a third wave…..we are talking a few hundred pips not just a couple…wave rules are broke and confirmed at .8910 and again at 8875 where I have add on trades, if those levels are breached, any move up will be a retrace not a reversal……..hope some folks will follow me on this, I have already entered my first sell at the approach of .9000 with a 9035 stop…. Tim