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AUD/USD

  • #106,001
  • May 12, 2020 11:24am May 12, 2020 11:24am
i am short 0.6513 with 25 pip SL.. Will put to BE soon

risk 0.25%

looking for a target below Tokyo's low... TP 64.04 lets say
  • #106,002
  • May 12, 2020 12:07pm May 12, 2020 12:07pm
Quoting jaylovin
i am short 0.6513 with 25 pip SL.. Will put to BE soon risk 0.25% looking for a target below Tokyo's low... TP 64.04 lets say
Do you have any fundamentals or technical for this anticipation?

The nights low supprised me in how strong the uppmove was after the low, we must have cleaned out alot of stops in the bottom, but then we cleaned up even more i guess today after dow opened when we crossed over 65 again.. i am bearish like you but feels like gambling.

the future market Sp500 got not happy in the night but the europe stocks skipped that negative move...
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  • #106,003
  • May 12, 2020 12:26pm May 12, 2020 12:26pm
Audusd short prefer, target 0.64640
wise man say, only fools rush in
  • #106,004
  • May 12, 2020 12:38pm May 12, 2020 12:38pm
Took profit of 50% of that move om audusd and audjpy. Keep rest half running... hoping we can go down again this night?
  • #106,005
  • May 12, 2020 1:04pm May 12, 2020 1:04pm
Holding buys
Master your mind. Master Trading.
  • #106,006
  • May 12, 2020 1:05pm May 12, 2020 1:05pm
Quoting princeali115
Holding buys
It is possible to visit 0.6419 area that is where I will buy more
Master your mind. Master Trading.
  • #106,007
  • May 12, 2020 1:07pm May 12, 2020 1:07pm
Quoting princeali115
{quote} It is possible to visit 0.6419 area that is where I will buy more
one has to be honest that it does appear like everyone is buying the dips in aud right now... to good to be true?

do you anticipate Thursday AUD employment news to make any effect on the market.. they should by all means be terrible, but would it really matter? It is past months news...
  • #106,008
  • May 12, 2020 2:32pm May 12, 2020 2:32pm
Quoting krst8
{quote} Do you have any fundamentals or technical for this anticipation? The nights low supprised me in how strong the uppmove was after the low, we must have cleaned out alot of stops in the bottom, but then we cleaned up even more i guess today after dow opened when we crossed over 65 again.. i am bearish like you but feels like gambling. the future market Sp500 got not happy in the night but the europe stocks skipped that negative move... {image}

technicals.. it’s due a retracement. Probably to sub 62. But i won’t hold that long, my personality doesn’t allow
  • #106,009
  • Edited 3:36pm May 12, 2020 3:15pm | Edited 3:36pm
Quoting jaylovin
{quote} technicals.. it’s due a retracement. Probably to sub 62. But i won’t hold that long, my personality doesn’t allow
ok thanks, have similar idea.. was waiting for a test of the daily support when we crossed over last month but did never happen. So yes also waiting for a test of the daili ichi cloud at 61-62... but failed the short a few times now...
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  • #106,010
  • May 12, 2020 4:57pm May 12, 2020 4:57pm
Quoting krst8
{quote} ok thanks, have similar idea.. was waiting for a test of the daily support when we crossed over last month but did never happen. So yes also waiting for a test of the daili ichi cloud at 61-62... but failed the short a few times now... {image}

I believe AUD will get super bearish again but maybe it'll get bullish first.. I think we will visit 55 again but it could be a few years or a few decades... for now i look at sub 62... then see if its strong enough to attack 60.. Market might get bullish and go attack 70. lets play it by ear... let the market lead the way

i have closed all - i will wait for the next opportunity

cheers
  • #106,011
  • May 12, 2020 5:36pm May 12, 2020 5:36pm
Quoting jaylovin
{quote} I believe AUD will get super bearish again but maybe it'll get bullish first.. I think we will visit 55 again but it could be a few years or a few decades... for now i look at sub 62... then see if its strong enough to attack 60.. Market might get bullish and go attack 70. lets play it by ear... let the market lead the way i have closed all - i will wait for the next opportunity cheers

:-) also closed most at the 647 level, just small position left short. If tomorrow stock sales continues we will se some more tumbling down. Dax futures tumbled also this evening, and to be seen if sp500 futures will continue down...
  • #106,012
  • May 12, 2020 8:00pm May 12, 2020 8:00pm
range play it with small targets and panic on a breakout, if youre trying to guess direction here with a sl you have no chance, MM eats you for breakfast. nom nom, nom
grist for the mill
  • #106,013
  • May 12, 2020 10:31pm May 12, 2020 10:31pm
Quoting energyliger
I always buy on retracement during strong uptrend and sell during retracement on strong downtrend. Using bounce formula as mentioned by adam khoo in piranha profits Use moving Average: EMA 18 > 50 > SMA 200 in M15 and higher timeframe (H1) if the price touches ema 50 and continue going up, when it touches ema 50 its time to buy the AUD/ usd put stop loss below previous swing low, take profit shouldnt be higher than previous swing high. Risk reward ratio is at least 1 to 1.5
does it produce consistent return to u?
this method works on what time frame?
  • #106,014
  • May 13, 2020 12:41am May 13, 2020 12:41am
Quoting JackJones
range play it with small targets and panic on a breakout, if youre trying to guess direction here with a sl you have no chance, MM eats you for breakfast. nom nom, nom

i agree... yes typically trade without stop loss...
  • #106,015
  • Edited 5:21am May 13, 2020 12:49am | Edited 5:21am
Quoting krst8
{quote} i agree... yes typically trade without stop loss...
it's funny, people want to guess the direction but IMO your best odds are when price is being facilitated, buy and sell = range + vol= make money each way and learn to cover yourself when price runs one way or the other, cut the loss heros! and no the trend is not your friend in this MO, it's no lines required! for the brain-dead non-economic armchair gurus! plan is off if your regulator enforces fifo but maybe then it's time to change countries
grist for the mill
  • #106,016
  • May 13, 2020 4:25am May 13, 2020 4:25am
Wow. The Aussie is fighting. Since breaking the weekly pivot to the downside, it keeps on challenging the bears.
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  • #106,017
  • May 13, 2020 4:32am May 13, 2020 4:32am
Quoting majorpears
Wow. The Aussie is fighting. Since breaking the weekly pivot to the downside, it keeps on challenging the bears. {image}
  • #106,018
  • May 13, 2020 4:39am May 13, 2020 4:39am
Quoting majorpears
Wow. The Aussie is fighting. Since breaking the weekly pivot to the downside, it keeps on challenging the bears. {image}
yepp. It is amazing this fight... again trying for 65 levels! Put a sell stop at 65.35... just incase we ignore the reality of this world :-)

don’t really see this in the cot data that clear yet... anyhow have a feeling we are doing position loading here around these levels... I want to to be more downside...
  • #106,019
  • May 13, 2020 6:51am May 13, 2020 6:51am
Quoting krst8
{quote} yepp. It is amazing this fight... again trying for 65 levels! Put a sell stop at 65.35... just incase we ignore the reality of this world :-) don’t really see this in the cot data that clear yet... anyhow have a feeling we are doing position loading here around these levels... I want to to be more downside...

this has gone bullish.. it will probably take out 6535.. be careful
  • #106,020
  • May 13, 2020 7:04am May 13, 2020 7:04am
Quoting jaylovin
{quote} this has gone bullish.. it will probably take out 6535.. be careful
it is a never ending ping pong game around the 65 level... lets see if it breaks today...

for me right now AUD is just following along the SPX and futures SPX... it really has little “power” of its own...
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