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AUD/USD

opening a sell on this pair once it gets higher. for now i'm just watching i don't have the mind control to go daytrading on a bearish trend who's looking for a flat area
http://www.smh.com.au/business/goldm...29-gjxpbv.html
Quoting renski
http://www.smh.com.au/business/goldm...29-gjxpbv.html
It will be possible but there will be a few strong resistance to clear before touching .75. That will also depend on how patient you are to wait for months to reach that level. haha, definitely not me.
CMON ALREADY SKYROOOCKKEETTTT TIME

Playing these bounces are fun and all....but man are we ever going to break that stubborn resistance.....

Yeh I agree it will eventually hit 0.75. Just make sure u lock your profits along the way unless ur bank account is $$$ LOL.....
Quoting Lionheartfx1
CMON ALREADY SKYROOOCKKEETTTT TIME Playing these bounces are fun and all....but man are we ever going to break that stubborn resistance..... Yeh I agree it will eventually hit 0.75. Just make sure u lock your profits along the way unless ur bank account is $$$ LOL.....
Yeah I know. Once it breaks the double bottom neckline I'm going long on this focker
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Quoting Dimi.A
{quote} Yeah I know. Once it breaks the double bottom neckline I'm going long on this focker {image}
Yeh nice setup, I have my lines drawn similar like yours LOL

Good luck man......need some hunters to shoot down some fooking bears......
Buy on dips or break of 7040 based on preference. I'm closing here and buying on break of 7020/40 or on dip if it comes.

A scent of weekly reversal is in the air. Double bottom for 7200 is on deck. Possibly could breakout of 73c and go for 75 in October/November.
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Be hopeful in a winning position, and fearful in a losing position.
Quoting Rag2RichesFX
Buy on dips or break of 7040 based on preference. I'm closing here and buying on break of 7020/40 or on dip if it comes. A scent of weekly reversal is in the air. Double bottom for 7200 is on deck. Possibly could breakout of 73c and go for 75 in October/November. {image}
nice.

let's ride it up !
Quoting Rag2RichesFX
Buy on dips or break of 7040 based on preference. I'm closing here and buying on break of 7020/40 or on dip if it comes. A scent of weekly reversal is in the air. Double bottom for 7200 is on deck. Possibly could breakout of 73c and go for 75 in October/November. {image}
Hey! Can I ask, how certain are you that the dollar could bounce up to, possibly 75 in October/November? This prediction makes me very happy as I'm travelling from Oz to the US then! Fingers crossed indeed.
your talking about the trip costing you a extra 4%

i think that's part of travelling.
Quoting moonhead
{quote} Hey! Can I ask, how certain are you that the dollar could bounce up to, possibly 75 in October/November? This prediction makes me very happy as I'm travelling from Oz to the US then! Fingers crossed indeed.
I'm not certain, it is just overdue for a decent correction.

AU daily looks like a breakout is possible, then just let it run.
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Be hopeful in a winning position, and fearful in a losing position.
Quoting Irridium
your talking about the trip costing you a extra 4% i think that's part of travelling.
Hey every dollar counts!

Plus I'm kind've a shopaholic.
beware the dovish RBA and super good US NFP figures.
why 75c for a bull run target anyway? im thinking more 73c for a rally top...75c seems way too far away to crack
Quoting Rag2RichesFX
{quote} I'm not certain, it is just overdue for a decent correction. AU daily looks like a breakout is possible, then just let it run. {image}

Hey R2R, Ima fan of your R2R thread, like your work. I have created a thread for a longer term strat (though R:R is still high) with your theory in mind. http://www.forexfactory.com/showthre...79#post8515379

I'm currently long AJ but it seems Franky took it down for a joy ride... from here I'm not sure.
AU..
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As the lights go by so too do the shadows move
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Common date for common point (sometimes).
This chart is in USA timezone (just the shape for comparison).
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can't see how aud will go up in the next few days, yellen bs tonight and china data tomorrow..
Quoting renski
can't see how aud will go up in the next few days, yellen bs tonight and china data tomorrow..
Yellen is going to say the same old bs and china data could already be priced in. Be open to new bias so that you won't be tempted to keep shorting it.

Cheers!
nice move up ! Just need 1 more push and up we go ! 4hr is a nice confirmation for price action but waiting for another signal before shooting my load.....

Hope you got some nice pips boys if you went long
Quoting ell3
beware the dovish RBA and super good US NFP figures. why 75c for a bull run target anyway? im thinking more 73c for a rally top...75c seems way too far away to crack
I agree here. From one perspective, I doubt there will be anything overly surprising, but from another... it's just a lot of risk.

I've closed all my longs at 703, not taking any more positions until the situation becomes more clear.
Skirting the topside beneath 7040 now, it's really a tough resistance to crack. Going on a light short here and closing my long. Maybe not yellen, but china data will certainly move the market.

I'm actually thinking of shorting and buying in from the same level...worst case scenario = earn nothing if market goes down. Best case, close out the long high up and double in the short at the top and ride it back down.
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