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Created on: 10/18/2011 3:20:55 AM   Last Update: 10/27/2011 4:53:30 PM Posted by: RTT
WARNING: This entry is 3653 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST Australian dollar Wyckoff 2.0 review
australian-dollar-wyckoff-20-reviewLet's review the Aussie dollar ETF (FXA) with Hurst cycles, Gann Angles and Wyckoff phase analysis, we call this Wyckoff 2.0 review.UPDATED

Readers of the blog have seen the long term cycle of the Aussie dollar ETF many times. The cycle clearly told us to expect a cycle top mid 2011. Check: Done ! (subject to QE3,4,5). To profit from the expected price reversal look more closely at price action.

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FXA Long Term

This is how the Wyckoff phase analysis looks to us. We have added a short term Hurst dominant cycle to monitor current market turns. The phase named "Last Point of Supply" was the first time price failed to make new highs and also failed at bearish Gann Angle. This was the first short trade opportunity. The phase known as "Backing Onto ice" is another chance. Of course the world can change this analysis, QE's, sudden burst of great economic numbers out of China or Australia etc. Also we don't look at the Aussie dollar on its own, we also complete intermarket analysis of the risk on and risk off trade. We always hold a very wide market opinion that includes fundamental analysis (shock horror). We believe next several weeks will be very interesting for the risk on trade.

Further Reference:
US Dollar Gann Angle Trend Study : The US Dollar is important inverse to the Aussie dollar.
Made in China : Aussie dollar is a 'canary in the coal mine' for China's economic performance.
China bears speaking up : True, but timing needs help.
Wyckoff 2.0 Review on Copper : Australia exports copper.
Short the Aussie and Kiwi dollar : No China stimulus no elevated Australasian economies.

Re Accumulation: When price on left hand side of red 1x1 Gann Angle, when that broke Distribution pattern developed. If price breaks down from $104-$107 then this will be the mark down phase and the best phase for profit. Using the Wyckoff phase terminology gives the reader a road map as to the Wyckoff composite man (big boys) behavior, which is of course is a must know!

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FXA Phase

Gann Angles show trend strength. The best thing about Gann angles is that they require only ONE PIVOT to draw. Trendlines require two, and is subject to adjustments as the second pivot points re price's. The Gann Angle picture is great for trade setup planning. We are watching and waiting.

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FXA Angles

UPDATE1: Prices smashed through 1.07 on the Greece bond reduction news (20111027), no reason to get short yet as (i) there has been no selling, (ii) and the rally has been too strong and thus we need to see demand falter.


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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

.."There were times when my plans went wrong and my stocks did not run true to form, but did the opposite of what they should have done if they had kept up their regard for precedent. But they did not hit me very hard – they couldn’t, with my shoestring margins."...

Jesse Livermore


..."I always believe that prices move first and fundamentals come second"..

Paul Tudor Jones


.."When I bet big .. I have a mind to own a position for years .. Yet you must have a ruthless objectiveness and open mindedness as to when the facts change to exit the position, if so within hours or days .. I have not used a stop loss in 40 years"..

Stanley Druckenmiller


.."The first rule is not to lose. The second rule is not to forget the first rule"

Warren Buffett


..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..

Bernard Baruch




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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund



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