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AUD/USD

  • #106,021
  • May 13, 2020 7:08am May 13, 2020 7:08am
Test yesterday high maybe, now at resistance

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wise man say, only fools rush in
  • #106,022
  • May 13, 2020 7:10am May 13, 2020 7:10am
its retreating.. if it breaks upside i will forget shorts
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  • #106,023
  • May 13, 2020 7:24am May 13, 2020 7:24am
Quoting jaylovin
its retreating.. if it breaks upside i will forget shorts {image}
Been trying to figure out where most of the liquidity is? About the 655 or 645 level... it must be full of stops around these levels right now...
  • #106,024
  • May 13, 2020 8:58am May 13, 2020 8:58am
Quoting eastrader
Test yesterday high maybe, now at resistance {image}
Still in the range

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wise man say, only fools rush in
  • #106,025
  • May 13, 2020 8:59am May 13, 2020 8:59am
Quoting krst8
{quote} Been trying to figure out where most of the liquidity is? About the 655 or 645 level... it must be full of stops around these levels right now...
jeez... horrible moves. Staying out until it breaks one or the other.
  • #106,026
  • May 13, 2020 9:00am May 13, 2020 9:00am
Quoting eastrader
{quote} Still in the range {image} {image}

Lets see if there is going to be a buy setup below the break, 6430ish after clearing out stops...
  • #106,027
  • May 13, 2020 9:52am May 13, 2020 9:52am
no one should be buying over .6560 big fat sell limit orders up there.

Quoting krst8
{quote} Lets see if there is going to be a buy setup below the break, 6430ish after clearing out stops...
  • #106,028
  • May 13, 2020 10:48am May 13, 2020 10:48am
Quoting krst8
{quote} Lets see if there is going to be a buy setup below the break, 6430ish after clearing out stops...
Likely will break support, if break 0.64100 maybe

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wise man say, only fools rush in
  • #106,029
  • May 13, 2020 12:01pm May 13, 2020 12:01pm
Looking weak here
Master your mind. Master Trading.
  • #106,030
  • May 13, 2020 12:10pm May 13, 2020 12:10pm
Quoting princeali115
Looking weak here
carefull with the stop hunt low down... it has turned over way to many times last weeks... short scalpes probably the beat right now for high leverage...
  • #106,031
  • May 13, 2020 1:17pm May 13, 2020 1:17pm
Quoting krst8
{quote} carefull with the stop hunt low down... it has turned over way to many times last weeks... short scalpes probably the beat right now for high leverage...
Ya you’re right stop hunts are there
Master your mind. Master Trading.
  • #106,032
  • May 13, 2020 1:22pm May 13, 2020 1:22pm
The move today in the morning London hours confused me.. i went short at 65.15 but failed to keep it for more than 20 pips. it was rather clear I thought that fed news were going to be bad, so was expecting an continuation up... so fo then this means that traders were fooled to make liquidity for the good traders??
  • #106,033
  • May 13, 2020 5:04pm May 13, 2020 5:04pm
big sell order went through today at .6500 be careful up there

Quoting krst8
The move today in the morning London hours confused me.. i went short at 65.15 but failed to keep it for more than 20 pips. it was rather clear I thought that fed news were going to be bad, so was expecting an continuation up... so fo then this means that traders were fooled to make liquidity for the good traders??
  • #106,034
  • May 13, 2020 5:57pm May 13, 2020 5:57pm
Quoting Traderchuck
big sell order went through today at .6500 be careful up there {quote}

Whom know what is going on here.. soon we have the AUD employment numbers in a few hours. Upside again to plus 65 would not surprise me at all...
  • #106,035
  • May 13, 2020 6:37pm May 13, 2020 6:37pm
Quoting krst8
{quote} Whom know what is going on here.. soon we have the AUD employment numbers in a few hours. Upside again to plus 65 would not surprise me at all...
above 8% and NAB are saying worst case three year recession and 30% property crash and hey maybe Aussie can hop the negative rates bandwagon sometime soon?

what happens when all majors are negative carries? i think we might find out sometime as cost of carry is a thing, maybe demand for non-majors will start to increase?
grist for the mill
  • #106,036
  • May 13, 2020 6:59pm May 13, 2020 6:59pm
Quoting JackJones
{quote} above 8% and NAB are saying worst case three year recession and 30% property crash and hey maybe Aussie can hop the negative rates bandwagon sometime soon? what happens when all majors are negative carries? i think we might find out sometime as cost of carry is a thing, maybe demand for non-majors will start to increase?

Good points! We will see the numbers soon, put a small short in place to have something in play during the news for some kind of scalp. Everyone talks about negative interest.. i really wonder what benefits i had as consumer of this after a few years of it? For sure my house loan is basically for free, but it does not matter as house price have sky rocketed... so an artificial way to increase inflation in my country... big banks earning big at loans as they could increase their spread as the intrest rest is so low so no consumer conplain ...and cross border swaps...
  • #106,037
  • Edited 8:45pm May 13, 2020 8:33pm | Edited 8:45pm
Quoting krst8
{quote} Good points! We will see the numbers soon, put a small short in place to have something in play during the news for some kind of scalp. Everyone talks about negative interest.. i really wonder what benefits i had as consumer of this after a few years of it? For sure my house loan is basically for free, but it does not matter as house price have sky rocketed... so an artificial way to increase inflation in my country... big banks earning big at loans as they could increase their spread as the intrest rest is so low so no consumer conplain...
yeah banks should pay us to take a loan on a house.. it's upside down world!! haha

was looking at historical docs the other day, less than 100 years ago banks did offer short-term interest free loans on land, it was very NORMAL

my take pre AUD news was to buy long and short at 6452 with tp 6 pips each way, winner!

i'm flat aud/usd for now as it might start to push into low volume as bad bets unwind

6.2 unemployment and reducing covid restrictions seems like it might be semi good news, so they will probably sell it off

edit: haha and there she pops
grist for the mill
  • #106,038
  • May 13, 2020 8:52pm May 13, 2020 8:52pm
Good short 30 pips in more room to move down to weekly s1
Master your mind. Master Trading.
  • #106,039
  • May 13, 2020 10:12pm May 13, 2020 10:12pm
I said quite clearly last Thursday this was a pain trade going late into this week or maybe even later. No idea why I p*ssied out of the trade then.

Need to grow a bigger pair, I guess.
  • #106,040
  • May 13, 2020 11:24pm May 13, 2020 11:24pm
small bets stakes over time make huge profits

Quoting renatusmusic
I said quite clearly last Thursday this was a pain trade going late into this week or maybe even later. No idea why I p*ssied out of the trade then. Need to grow a bigger pair, I guess.
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