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AUD/USD

  • #103,481
  • Dec 20, 2017 6:43am Dec 20, 2017 6:43am
Just about to dive now? 0.755x zone?
Hey buddy, let's grab some Pips!
  • #103,482
  • Dec 20, 2017 10:02am Dec 20, 2017 10:02am
Hi guys. I've nvr really post on any thread before but just wanna share some thoughts. I am seeing that it may go down to maybe 0.76150 area before going back up.
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  • #103,483
  • Dec 20, 2017 8:40pm Dec 20, 2017 8:40pm
Quoting SkyrEk
Hourly chart. I still see one more upside to around.7700 region before downmove. Will monitor price action at .7700 region before i execute any shorts. Cheers! {image}
Still awaiting for a breakout, either side.
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  • #103,484
  • Dec 21, 2017 7:41am Dec 21, 2017 7:41am
Quoting SkyrEk
{quote} Still awaiting for a breakout, either side. {image}
Finally, break out!
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  • #103,485
  • Dec 21, 2017 7:51am Dec 21, 2017 7:51am
Don't get trapped!

KP

Quoting SkyrEk
{quote} Finally, break out! {image}
Do your homework, follow the footprints of smart money
  • #103,486
  • Dec 21, 2017 11:09am Dec 21, 2017 11:09am
Quoting asgcorp
omg. it's about to pop 40-60 points and you fellas still shorting it.
ok. you beat me to it guys. I can only hope you shorted via demo account.

PS: that's what happened to the guy who shorted AU and NU.
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  • #103,487
  • Dec 21, 2017 11:26am Dec 21, 2017 11:26am
Quoting corpo30
Again same opportunity sold more @ 0.76690 TP: 76067
SL: 0.7730
reward>risk
  • #103,488
  • Dec 21, 2017 11:33am Dec 21, 2017 11:33am
Quoting corpo30
{quote} SL: 0.7730 reward>risk
will get stopped out cause it will hit 7750 soon.
  • #103,489
  • Dec 21, 2017 11:35am Dec 21, 2017 11:35am
Quoting asgcorp
{quote} will get stopped out cause it will hit 7750 soon.
I will accept the loss if it hits my SL. It's part of trading. All trades cannot be profitable. Let's see what happens.

I have risked 2% of my account in this. I don't risk more than 2-3% per trade. I set lot size accordingly.
  • #103,490
  • Dec 21, 2017 11:38am Dec 21, 2017 11:38am
Quoting corpo30
{quote} I will accept the loss if it hits my SL. It's part of trading. All trades cannot be profitable. Let's see what happens. I have risked 2% of my account in this. I don't risk more than 2-3% per trade. I set lot size accordingly.
the guy above kept shorting while it was going up. Just saying. Wish you best of luck, trade safely.
  • #103,491
  • Dec 21, 2017 11:54am Dec 21, 2017 11:54am
shorting near 7750-75 stops @ 7800 makes much more sense. Just my 2 cents. trade you own plan, but make sure you have a stop loss.
  • #103,492
  • Dec 21, 2017 12:37pm Dec 21, 2017 12:37pm
looks like it's turning more bullish

risky to go short above 0.768/0.77
Don't Worry Be Happy
  • #103,493
  • Edited Dec 22, 2017 1:10am Dec 21, 2017 2:21pm | Edited Dec 22, 2017 1:10am
Quoting corpo30
{quote} SL: 0.7730 reward>risk
Modified
SL: 0.77463
TP: 0.76049
  • #103,494
  • Dec 21, 2017 5:30pm Dec 21, 2017 5:30pm
entered long position from 0.77

stop 0.76

target 0.775, 0.80

probably dumb to trade before Christmas
Don't Worry Be Happy
  • #103,495
  • Dec 21, 2017 8:39pm Dec 21, 2017 8:39pm
Quoting KeenPips
Don't get trapped! KP {quote}

No worries mate, going well
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  • #103,496
  • Dec 21, 2017 9:39pm Dec 21, 2017 9:39pm
Imho, price may be capped at 7730 for now
Pride always comes before destruction.... -Proverbs 16:18
  • #103,497
  • Dec 21, 2017 11:05pm Dec 21, 2017 11:05pm
Quoting Expo33
Imho, price may be capped at 7730 for now

I will be exiting my trades at around 7730-7740. Strong resistance over there.
  • #103,498
  • Dec 21, 2017 11:55pm Dec 21, 2017 11:55pm
I'm not so sure if this is going too far yet. AUD is absolutely overbought. I still can see a correction to 0.75x zone happening. But maybe not.
Because of that, I'm not taking any long until I see a decent correction.
The same for NZD, correction to around 0.6920 zone.
It's very true lot of times AUD and NZD go up straightly with no corrections, just pauses.
Let's see, because USD is getting weaker.
Hey buddy, let's grab some Pips!
  • #103,499
  • Dec 22, 2017 1:31pm Dec 22, 2017 1:31pm
closing in on very significant overhead resistance (7750). That's why I recommended to wait for a better short trade setup. It's probably coming up next week, and the timing is also perfect for a trend change - end of month. New period, new trend.

Will start scaling into shorts as we near 7750. Initial PT is 7500, won't get there overnight, this trade will take time.
  • #103,500
  • Dec 24, 2017 3:59am Dec 24, 2017 3:59am
there is a realistic chance that it will go down.
but nearby there is support, which can be a springboard north.
this is a problem.
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