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AUD/USD

  • #104,961
  • May 5, 2019 4:03pm May 5, 2019 4:03pm
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Don't Think Too Much, It's Easy...
  • #104,962
  • May 5, 2019 4:10pm May 5, 2019 4:10pm
Not bad for the day
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Pecuniae obediunt omnia
  • #104,963
  • May 6, 2019 2:21am May 6, 2019 2:21am
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  • #104,964
  • May 6, 2019 10:42am May 6, 2019 10:42am
long in at 0.6988 target 0.7008
Don't trade what you think. Just what you see!!!
  • #104,965
  • May 6, 2019 3:27pm May 6, 2019 3:27pm
Quoting Theoak
long in at 0.6988 target 0.7008
winner out at 0.6993 up 5pips
Don't trade what you think. Just what you see!!!
  • #104,966
  • May 6, 2019 5:25pm May 6, 2019 5:25pm
Quoting riclater211
{quote} Hey All, So at weeks end I am currently down 27 pips but I am holding on. Not exactly sure why AUD spiked up with AUD getting bad news and USD getting great news. Is that support zone that powerful? I doubt it. I believe the large players are taking out stops before continuing down. We shall see what happens next week. Have a good weekend - Ric {image}

Hey All,

After Mondays close I am up only about 8 pips. Everything is still saying short. I see no reason to close. AUD Retail Sales report is in about 3 hrs from this posting but I do not expect a upside surprise. Cash Rate (In 6 Hrs) is expected to drop by 0.25%. It is mostly baked in but price should tick down some after it is officail. That's it for official AUD news for the whole week. USD has 2 major announcements this week, PPI and CPI. Both are not expected to surprise much and are already baked in.

- Ric
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Be humble or get humbled
  • #104,967
  • May 6, 2019 6:02pm May 6, 2019 6:02pm
Everything points to the Aussie going down further in the long-term, even if the RBA keep rates on hold for the time being. Rates have been cut 575 basis points since the GFC, but inflation remains below the RBA target, and wages growth has been almost non-existent. Just how effective would a .25% rate cut be? If the Aussie breaks below the 0.6950 zone, next port of call is the 0.6310 level, which is a re-visit to GFC territory. In Nov 2000 it nudged the 0.4820 level...brace, brace, brace!
  • #104,968
  • May 6, 2019 9:30pm May 6, 2019 9:30pm
M expecting a neutral to mildly hawkish RBA statement later....CAVEAT
  • #104,969
  • May 6, 2019 10:42pm May 6, 2019 10:42pm
Any one buy AU??

I am buying at 0.6997... feel so bad
Forex Fund manager / Copy trade
  • #104,970
  • May 6, 2019 11:40pm May 6, 2019 11:40pm
Quoting hayanidania
Any one buy AU?? I am buying at 0.6997... feel so bad
i did, tp was 0.70272 but actual closed was 0.70371.

quick scalp short now
  • #104,971
  • May 6, 2019 11:42pm May 6, 2019 11:42pm
rate cut professors eating some pie today..
grist for the mill
  • #104,972
  • May 6, 2019 11:47pm May 6, 2019 11:47pm
Quoting JackJones
rate cut professors eating some pie today..
I already closed my short and i took a screen shot for it early this week
Don't Think Too Much, It's Easy...
  • #104,973
  • May 6, 2019 11:49pm May 6, 2019 11:49pm
  • #104,974
  • May 6, 2019 11:49pm May 6, 2019 11:49pm
Quoting hayanidania
Any one buy AU?? I am buying at 0.6997... feel so bad
I'm selling, first tp 0.7000 let's see.
  • #104,975
  • May 6, 2019 11:55pm May 6, 2019 11:55pm
Quoting rare
{quote} I'm selling, first tp 0.7000 let's see.
Im on ur back bro !!
Same exact TP..
  • #104,976
  • May 6, 2019 11:55pm May 6, 2019 11:55pm
Quoting JackJones
rate cut professors eating some pie today..
Informed traders already knew no rate cut. FF calendar is useless. Use Myfxbook's calendar. Much more informative and on point.
Pride always comes before destruction.... -Proverbs 16:18
  • #104,977
  • May 7, 2019 12:00am May 7, 2019 12:00am
Quoting 4x_Trader
M expecting a neutral to mildly hawkish RBA statement later....CAVEAT
BANG! the market once again becomes a friendly and supportive place....
  • #104,978
  • May 7, 2019 12:04am May 7, 2019 12:04am
Quoting Dacow
{quote} i did, tp was 0.70272 but actual closed was 0.70371. quick scalp short now

Yeah... I did the same...
Forex Fund manager / Copy trade
  • #104,979
  • May 7, 2019 12:05am May 7, 2019 12:05am
Quoting rare
{quote} I'm selling, first tp 0.7000 let's see.

U short it back?
Forex Fund manager / Copy trade
  • #104,980
  • May 7, 2019 12:17am May 7, 2019 12:17am
Quoting hayanidania
{quote} U short it back?
Yes I did, also short on AUD/CHF.
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