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AUD/USD

strong pair, market is expecting good inflation data but they may be mistaken just like we have seen when NZD fell
Don't Worry Be Happy
It's gonna wait until cash rate, so a correction may occur.
Hey buddy, let's grab some Pips!
These CPI numbers are gonna be weird. Fuel/Oil will be the kicker.
Trade what you see after market reaction
Make all possible mistakes in Demo and rain in pips in live account
Quoting redalert
These CPI numbers are gonna be weird. Fuel/Oil will be the kicker.

  1. The most significant price rises this quarter are automotive fuel (+10.4%), tobacco (+8.5%), domestic holiday travel and accommodation (+6.3%) and fruit (+9.3%).
  2. The most significant offsetting price falls this quarter are international holiday travel and accommodation (-1.7%), audio visual and computing equipment (-3.5%), and telecommunication equipment and services (-1.4%).

From the RBA statement

Wrote a few months back that i was long AUD/USD and aiming for 82 before CNY. Still holding but unwinding my positions at these levels. Feels like it is the top and post CNY will go back sub 0.80 again.
There is no royal road to anything.
Quoting Leinadgnow
Wrote a few months back that i was long AUD/USD and aiming for 82 before CNY. Still holding but unwinding my positions at these levels. Feels like it is the top and post CNY will go back sub 0.80 again.
When you posted price was 78xx and went south to 7501. Did you hold all the way and add or how did you manage your position/s?

Congratulations on your profits and backing your fundamental beliefs.
Hope for the best, prepare for the worst.
CPI data did not meet expectations and I think that the rally may soon be over if commodities correct
Don't Worry Be Happy
Quoting MrPresident
CPI data did not meet expectations and I think that the rally may soon be over if commodities correct
you was correct, retrace is on the way.
it found some support at 0.8050 again, can risk a long position and see if it works out
Don't Worry Be Happy
AUDUSD Short term. closed out and took the short at 0.8050
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There is no royal road to anything.
Quoting dab
{quote} When you posted price was 78xx and went south to 7501. Did you hold all the way and add or how did you manage your position/s? Congratulations on your profits and backing your fundamental beliefs.

Actually it was a poor poor trade even though it worked out and i knew how the chinese market would react.

Took it all the way down with my stop loss what i was willing to lose if i bought an out of money call till February (with extra on the carry)
Down 300 and then took only 200 pips.

Post CNY i expect a fall in commodities across board and with it the AUD, once winter is over. Let's see. im aiming and ready to take this baby down now.
There is no royal road to anything.
AUD/USD

Get ready to go back to 0.55.

Grtz

Monthly

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What's that smell? ---- I smell money!
Quoting Leinadgnow
{quote} Actually it was a poor poor trade even though it worked out and i knew how the chinese market would react. Took it all the way down with my stop loss what i was willing to lose if i bought an out of money call till February (with extra on the carry) Down 300 and then took only 200 pips. Post CNY i expect a fall in commodities across board and with it the AUD, once winter is over. Let's see. im aiming and ready to take this baby down now.
your trades are mainly or fully fundamental/data based?
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
0.7990 is another support level, selling now might be risky because the price can reverse
Don't Worry Be Happy
Took a look at the weekly chart and noticed that it's overbought. Previous RSI periods have resulted in sell offs. Not expecting this to be any different. Overall we are still in a major down trend

Price just begging to fall further, short term looking towards 0.785 - 0.787
A 1 pip gain is better than a 1 pip loss.
Quoting Trader-Waldo
{quote} your trades are mainly or fully fundamental/data based?

Both. Just like a builder uses all the tools he has, why shouldn't a trader use all? Technical is nothing more than a price action reflection of fundamentals. all news and possible news are encompassed into price.
There is no royal road to anything.
TPéd and out for the weekend. Happy trading all. freaky friday.
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There is no royal road to anything.
[email protected] showing weakness in the move.
Avoid what is Strong,Strike at what is Weak
Wait for long signal
Avoid what is Strong,Strike at what is Weak
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