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AUD/USD

  • #105,981
  • May 10, 2020 11:18pm May 10, 2020 11:18pm
Quoting renatusmusic
{quote} Are you sure that’s not because of liquidity movement? If the SPX drops, it means that people have taken out USD from their equity positions, i.e. equity -> cash movement. If more people have USD, then the DXY value goes up, sending the AUDUSD down. If the AUD is a constant, the AUDUSD of course will reflect the SPX. I am hoping for an SPX demise because of this (sorry 401k’ers).
not sure I follow you there? I follow your ideas offcours about cash movements when stock drops etc. but AUD now don't really care about dxy was my point as other usd pairs. Not saying neither i really understand why, but one can read anyhow that for some periods of the past during high volatility AUD does this... wish i had learn earlier:-)
  • #105,982
  • May 10, 2020 11:29pm May 10, 2020 11:29pm
Sell
Master your mind. Master Trading.
  • #105,983
  • May 10, 2020 11:30pm May 10, 2020 11:30pm
Quoting princeali115
Sell
you sold your longs or enter into shorts?
  • #105,984
  • May 11, 2020 12:07am May 11, 2020 12:07am
Quoting krst8
{quote} you sold your longs or enter into shorts?
Short
Master your mind. Master Trading.
  • #105,985
  • May 11, 2020 1:06am May 11, 2020 1:06am
#AUDUSD / Weekly, Daily & H4
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  • #105,986
  • May 11, 2020 5:32am May 11, 2020 5:32am
Quoting renatusmusic
{quote} I would say have faith. Yes, shorts have unloaded overall, but where from? It's from "large spec", who are "fast money". In an environment like this, they probably don't hold positions more than a couple of days, which means that the positions from last Tuesday may have all TP'd. In contrast, "slow money" that doesn't unload that quickly, is still massively short. Once fast money TP's, we will be left with the slow money shorts. Depending on where the TP's are, I expect a pretty quick demise of the AUD. Of course, if all of the large specs...

still holding on to my shorts, you still holding? This night was a ”feeling ill” momentet with an imense large drawdown but managed not to close at the top...

the dow futures are falling now swiftly today, still hooping that fridays move was a fakeout :-)
  • #105,987
  • May 11, 2020 7:55am May 11, 2020 7:55am
Quoting krst8
{quote} still holding on to my shorts, you still holding? This night was a ”feeling ill” momentet with an imense large drawdown but managed not to close at the top... the dow futures are falling now swiftly today, still hooping that fridays move was a fakeout :-)
Yup - got in at 65 though so still holding on until at least a 1:1. I won’t lie to you though, I was thoroughly sh*tting myself Friday and yesterday....
  • #105,988
  • May 11, 2020 8:04am May 11, 2020 8:04am
Quoting renatusmusic
{quote} Yup - got in at 65 though so still holding on until at least a 1:1. I won’t lie to you though, I was thoroughly sh*tting myself Friday and yesterday....

Haha yeah, this night i had the feeling it will be painful.... it feels bad that one did not wait long enough for a better entry but the attempt by the market to clean out the stops this night gives me som faith to keep this trade. I only day trade and everytime i try to keep longer I always cut to early or to late. I want to keep this trade until end of week... hopping for a black stock weekend...
  • #105,989
  • May 11, 2020 9:08am May 11, 2020 9:08am
AUDUSD just hit the first profit target.

Original analysis:
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Now:

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Technical Analyst & Trader @ Vikinsa
  • #105,990
  • May 11, 2020 9:22am May 11, 2020 9:22am
Quoting princeali115
Sell
Closed 50 pips
Master your mind. Master Trading.
  • #105,991
  • May 11, 2020 9:23am May 11, 2020 9:23am
First buy here and then more buys if price reaches 0.64132
Master your mind. Master Trading.
  • #105,992
  • May 11, 2020 12:41pm May 11, 2020 12:41pm
Quoting princeali115
First buy here and then more buys if price reaches 0.64132
Holding buy with confidence here although price has broke through ADR high I don’t expect much right now however the fact is price has reached my tp lvl for that sell last night very quickly which makes me bullish
Master your mind. Master Trading.
  • #105,993
  • May 11, 2020 12:47pm May 11, 2020 12:47pm
Quoting princeali115
{quote} Holding buy with confidence here although price has broke through ADR high I don’t expect much right now however the fact is price has reached my tp lvl for that sell last night very quickly which makes me bullish
while i am still short you may be correct... SP500 is up again and has climbed 1.4% today again to the possetive... It still dont make sense but whom care when it is towards more up it appears
  • #105,994
  • May 11, 2020 8:32pm May 11, 2020 8:32pm
Looks like those spec buyers have f'd off (for now). And with China screwed, bring on 637!
  • #105,995
  • May 11, 2020 8:34pm May 11, 2020 8:34pm
Layering more buys around 0.6419 area
Master your mind. Master Trading.
  • #105,996
  • May 11, 2020 11:55pm May 11, 2020 11:55pm
Quoting renatusmusic
Looks like those spec buyers have f'd off (for now). And with China screwed, bring on 637!

lets see, cut my shorts this night at the lows but shorting smal position at these higher levels again
  • #105,998
  • May 12, 2020 6:06am May 12, 2020 6:06am
Quoting renatusmusic
Looks like those spec buyers have f'd off (for now). And with China screwed, bring on 637!
hope you cut your position at the bottom? I am again taking a short position around 6490 level but again the market is strong pushing up.

it is these moments when one should give in and just go long...
  • #105,999
  • May 12, 2020 7:13am May 12, 2020 7:13am
Quoting princeali115
First buy here and then more buys if price reaches 0.64132
30 pips in will hold
Master your mind. Master Trading.
  • #106,000
  • May 12, 2020 9:07am May 12, 2020 9:07am
Quoting krst8
{quote} hope you cut your position at the bottom? I am again taking a short position around 6490 level but again the market is strong pushing up. it is these moments when one should give in and just go long...
Nah, I went to bed with a breakeven stop and woke up with a SL notification. Could have been worse I guess...
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