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AUD/USD

  • #102,141
  • Aug 1, 2017 12:01am Aug 1, 2017 12:01am
Quoting ArslanHyder
{quote} Today is a bullish day.. keep your trades running and move SLs to breakeven
Yes sir
  • #102,142
  • Aug 1, 2017 12:03am Aug 1, 2017 12:03am
Quoting olibellaber
{quote} Hi, so you're not concerned about the RBA speech, if they have a dovish tone ? I'm new. Are you trading on fundamentals or market information ?
Fundamentals coupled with price action
Markets are Irrational
  • #102,143
  • Aug 1, 2017 12:04am Aug 1, 2017 12:04am
My charts seem to suggest that the Bulls are back in control for audusd
Keep in mind that a new bar starts forming today.....the monthly bar..........I'm long on audusd (at least for now)
I re entered at 0.8031
Focus
  • #102,144
  • Aug 1, 2017 12:06am Aug 1, 2017 12:06am
Quoting thewriter30
{quote} Imho they should be executed in the public square. These so called analyst are scum.. well paid scum Iron ore up 7% in a straight ish line since 17 RBA against the wall Bulls had proved their point ...they beaten every forecast from bears After ten 10 years though I know that everything we say here is B.S. Today the AUD has potential to go to bloody 78 for all we know because all we know is that we know shit Only way to trade imho is to put a long and a short 1min before news 10 pips distance.. let it be
Now this guy is very right
Markets are Irrational
  • #102,145
  • Aug 1, 2017 12:20am Aug 1, 2017 12:20am
Quoting drbob8000
Long from 8005. Trailing stop
stopped out 8028
:-(
  • #102,146
  • Aug 1, 2017 12:22am Aug 1, 2017 12:22am
Did we all see the 2016 exports reports... resources making up roughly 35% of the Australian exports.

Government harps on about a move to services and how exchange rate complicates this transition, sure service based exports are growing and currently have around 10 - 15% of the pie, but are hardly a big worry for the economy as a whole.

Especially when iron ore makes 7% moves in a day, the revenue the miners bring and and their employment impact on the country far exceed anything "services" can do. I think until we see a sustained impact on employment (which isn't happening at all), they are fine with currency rising up to where ever USD weakness ends. There are no tools RBA has to control this other than "look at the fundamentals they will get bad". Waiting, waiting. Certainly interesting where the top will be.

https://www.businessinsider.com.au/a...exports-2017-7
  • #102,147
  • Aug 1, 2017 12:26am Aug 1, 2017 12:26am
Quoting redalert
Did we all see the 2016 exports reports... resources making up roughly 35% of the Australian exports. Government harps on about a move to services and how exchange rate complicates this transition, sure service based exports are growing and currently have around 10 - 15% of the pie, but are hardly a big worry for the economy as a whole. Especially when iron ore makes 7% moves in a day, the revenue the miners bring and and their employment impact on the country far exceed anything "services" can do. I think until we see a sustained impact on employment...
when iron ore was 90 earlier this year dollar was AUD 0.78

look from the other side in the last month oil is up 15% and bank of canada went from dovish to hawkish, RAISED interest rates and another one expected in 1-2 months
And since then AUD is higher vs CAD

does it make sense?
  • #102,148
  • Aug 1, 2017 12:27am Aug 1, 2017 12:27am
Target in sight... 0.8144 then 0.8273
Markets are Irrational
  • #102,149
  • Aug 1, 2017 12:35am Aug 1, 2017 12:35am
I am short on this pair from .8033, S.L .8046
  • #102,150
  • Aug 1, 2017 2:04am Aug 1, 2017 2:04am
Quoting Expo33
{quote} Agree. A break of 8060 opens the door to 8150 ish. COT report from last week shows longs being added to AUS and CAD. Strong commodities with all kinds of political instability surrounding the US White House means everything coming up roses for the Aussie over the past few weeks. Still, Imho the risk is to the down side. Lookimg to hold these shorts for the rest of the month at least provided 8080 doesn't break. If it does I'll wait for 8150 to get short again Safe trading

Going well mate.
Cheers!
  • #102,151
  • Aug 1, 2017 4:37am Aug 1, 2017 4:37am
Still bullish above .8000
Markets are Irrational
  • #102,152
  • Aug 1, 2017 4:43am Aug 1, 2017 4:43am
Will again add longs if it hits my trailing stops
Markets are Irrational
  • #102,153
  • Aug 1, 2017 7:11am Aug 1, 2017 7:11am
Quoting SkyrEk
{quote} I want to see more confirmation and certainty first. Prices didn't surpass recent highs of .8060 (yet). Hence bears can still put up a fight.
Prices going down, very well.

I foresee a stronger downmove to come before any upswing will take place.

It could go as low as .7800- .7830 (or lower depending on Price Action)


My 4hr chart.

and i'll like to share a quote for this post *Change the word 'Life' to 'Markets'
A quote that i hold close to heart whenever i trade. *Note to self*
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 77 KB
Click to Enlarge Name: 7e3c101ead9bbaaf4c0c972c9ea14de4--true-words-amen.jpg Size: 59 KB
  • #102,154
  • Aug 1, 2017 7:14am Aug 1, 2017 7:14am
Quoting fxwinnerz
I am short on this pair from .8033, S.L .8046
60 pips in profit, still riding with +25 locked in
  • #102,155
  • Aug 1, 2017 7:16am Aug 1, 2017 7:16am
Quoting fxwinnerz
{quote} 60 pips in profit, still riding with +25 locked in
Nice! Remember to protect and secure your profits and capital!

  • #102,156
  • Aug 1, 2017 7:18am Aug 1, 2017 7:18am
Quoting SkyrEk
{quote} Going well mate. Cheers!
Thanks Mate.

Took 1/3 of my position off the table and moved my SL to BE for the other 2/3. Lets see if NY session follows

Good luck
Pride always comes before destruction.... -Proverbs 16:18
  • #102,157
  • Aug 1, 2017 7:20am Aug 1, 2017 7:20am
Quoting Expo33
{quote} Thanks Mate. Took 1/3 of my position off the table and moved my SL to BE for the other 2/3. Lets see if NY session follows Good luck
Nice!

Quoting SkyrEk
RBA in a couple of hours time. Bull trap? I will go long above .8060. Otherwise, i will be short on my bias. Have a good one this trading week!
It does look like a bull trap up there now. lol

Good luck too!
  • #102,158
  • Aug 1, 2017 8:05am Aug 1, 2017 8:05am
Quoting SkyrEk
{quote} Prices going down, very well. I foresee a stronger downmove to come before any upswing will take place. It could go as low as .7800- .7830 (or lower depending on Price Action) My 4hr chart. and i'll like to share a quote for this post *Change the word 'Life' to 'Markets' A quote that i hold close to heart whenever i trade. *Note to self* {image} {image}
what ar e those "a" and "b" with lines on your chart ? how you get them?
I can.I will. End of story.
  • #102,159
  • Aug 1, 2017 8:05am Aug 1, 2017 8:05am
I think it's about time, it goes down to the support level 0.788xx.
  • #102,160
  • Aug 1, 2017 8:19am Aug 1, 2017 8:19am
short term counter trend scalp. Long from 7964
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