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Attachments: Sell EURAUD in May for 1000 pips
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Sell EURAUD in May for 1000 pips

  • Post #1
  • Quote
  • First Post: May 10, 2015 4:40am May 10, 2015 4:40am
hello folks,
since the start of May, i am trying to find a pair that let me go away. and just found this button.
i need your opinions guys, whats your thoughts about this setup?
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Quoting Feela
hello folks, since the start of May, i am trying to find a pair that let me go away. and just found this button. i need your opinions guys, whats your thoughts about this setup? {image}
When you phrase it like 1000pips and sell....then your approach is on shaky grounds.
China just cut their IR and that could effect AUD and Euro is getting stronger so fundamentally it looks more like BUY then SELL
In trading, you have to be defensive and aggressive at the same time
agreed.

timing is also very important, EUR is strong now and for fundamental reasons AUD wants its money cheap.

fundamentals > technicals
aud in denominator and still a call for sell ? i mean are you serious, sorry but i must say its a kind of joke, Glenn steven want aud to be under .75/usd because their exports are largely hurt by stronger aud, moreover china cut rate thats all proof that aud will keep getting weaker. let me share another information recently china import increases by .1 % and this is the first time that their import consist of 63% of oil rather than coal or iron, remember if its oil that mean stronger CAND , RIYAD, Dharam or even dollar but not aud as aud mainly consist of iron, Iron is shrinking and it will keep on, keep your eyes open guys aud will slump.
Quoting Davit
{quote} When you phrase it like 1000pips and sell....then your approach is on shaky grounds. China just cut their IR and that could effect AUD and Euro is getting stronger so fundamentally it looks more like BUY then SELL
china cut rates will weaken the aussie????? wow and euro is fundamentally stronger. wow.
Quoting tamoor68
aud in denominator and still a call for sell ? i mean are you serious, sorry but i must say its a kind of joke, Glenn steven want aud to be under .75/usd because their exports are largely hurt by stronger aud, moreover china cut rate thats all proof that aud will keep getting weaker. let me share another information recently china import increases by .1 % and this is the first time that their import consist of 63% of oil rather than coal or iron, remember if its oil that mean stronger CAND , RIYAD, Dharam or even dollar but not aud as aud mainly...
whether it is numberator or denominator does not matter. aud is going to strengthen over time and RBA does no want to heat up the property markets in big cities by going on making cuts. they have had 2 this year. so it is enough.
  • Post #7
  • Quote
  • Edited 3:23pm May 10, 2015 10:15am | Edited 3:23pm
Try AUD/JPY.

Edit: I forgot to add. SL 1000 pips, TP 1000 pips. Good luck.
Build good relationships with others.
its almost impossible to predict this market for long terms unless you are one who can make market move.
its all about the interest rates duh!!!
If looking at pure price action and AUD, I think it could be in range. This is pretty much what I've been saying about EUR as well. The range could be expanding, from one end or both if lows are re-tested. I think eur range could drift up and aud could drift down. I would say that EUR is bit more likely to go <1.1 before 1.15. However my "system" does not give any exact buy price. It is more like "buy if goes below". So I would be interested to buy at say 1.09 1.04 0.99 etc with target 1.15 or more.

When I say EUR I mean EURusd etc.

It's possible that the current Greek situation is such that there is drama played to public when in reality there is not that much drama. If this is the case and greece stops being in the news, I think EUR could move back to 1.15 and if it manages to clear resistances, quickly shooting up to 1.2 could be possible.
Quoting Feela
hello folks, since the start of May, i am trying to find a pair that let me go away. and just found this button. i need your opinions guys, whats your thoughts about this setup? {image}
this is just for U.
the question is that go long or short?!
fibo 50 is a really strong support/resistance and euraud has hit it 3 times but could not break it.

so in my opinion if u go long (instead of short) there is a bigger probability to catch that 1000 pips.

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  • Post #11
  • Quote
  • Last Post: Edited 9:51pm May 11, 2015 5:46pm | Edited 9:51pm
I'm in the same boat with you, but, this morning noticed that there are more buy trades listed on FF than sell trades. I just found this thread for the same pair that I shorted this morning. I shorted this morning, thinking that I entered early on my short, but seem to have run into some resistance thus far. What do you think, look good? Anything I could have done better? Sorry, I did not outline the descending triangle, I hope the previous support and resistance is visible.

I took the trade mainly because it broke the ema's and the triangle appears to have ended the consolidation, expecting it to start shorting, hoping that there is enough effort in volume to break beyond the next support level and open the doors for even more shorting. Now waiting for more confirmation with an engulfing bearish signal and effort displayed in volume.

Here is my chart from this morning.
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