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AUS200

Aussies heading into troubled zoneThere are no promises, guarantees or predictions in this. The Aussies have been flattening out at a top - it appears - at this time. There are only two directions for price - nothing new in that. What happens in situations like these is: 1 - either price collapses. 2 - it rockets north. You can imagine what bulls and bears would say to each of the above. Their inherent biases controls their minds. Biases predetermine - quite unconsciously - what logic will arrive at. Hence people get into 'predictions', then punch the air when price confirms their bias. Both the nature of confirmation bias and prevalence-induced concept change should be studied by all traders. Some say ' What's psychology got to do with this? ' I'm sorry for some. How does one control how wrong a bias may be? It's called a stoploss! Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200Education
by Captain_Walker
AUS200 (1d) - probability south. No loss no gain. This is a risky position, obviously. I do not know if it will fall or head north. My estimate is for the south. Heavy losses may be involved. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FX:AUS200Short
by Captain_Walker
GET READY! Aussies may have a problem. Price is struggling below ATR line. Probability south is 55% (45% for the north). How far south if it moves, is another matter. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile, and you lose your money, kindly sue yourself.
FX:AUS200Short
by Captain_Walker
AUSSIES IN TROUBLE - THEY DON'T KNOW IT YET 😨Hardly anyone looks at the Australian 200. It is one of the best indices to short. The Aussies strangely went north at open of their market last night - when the rest of the world's indices were burning down. There is usually a significant lag between the AUS200 and the other indices, which I decided to exploit. This morning 08:30AM 2020-04-01 it's struggling to stay afloat. I suspect it will collapse and follow other indices (south).
FX:AUS200Short
by Captain_Walker
Do we continue the downtrend this week? AUS200Do we continue the bear market this week? Or do we rebound? I can see us dropping to new lows however in this current market anything is possible. My short is currently in a nice profit.. Using a trailing stop loss strategy with this one. We will have to see what the Australian Government can deliver on a stimulus front, money printing is only delaying the inevitable at this current moment.. The $2Trillion stimulus package will have a short-term affect as the cases of COVID-19 continue to go parabolic in the US.. Let me know your thoughts below! Remember to keep your analysis simple! I use a 14EMA and recent S/R zones to base my trading on, I then wait for confirmation candles in either direction to make my moves.. Building my patience has so far been my most challenging factor in trading.. Keep on the alert! -- MNLZ
OANDA:AU200AUDShort
by MinimalFiat