Attachments: AUD/USD

AUD/USD

#106,541
Jul 7, 2020 2:22am Jul 7, 2020 2:22am

krst8
| Joined Nov 2019 | Status: Trader | 532 Posts

Will todays drop in AUD after corona “trick” traders to believe this has anything to do with corona?

i bet on that this drop is just correlated to sp500 features. If sp500 goes upp back again this would just sky rocketed back up...

as long as they dont close down any mining or heavy Industry this will have no effect, or?

#106,542
Jul 7, 2020 4:00am Jul 7, 2020 4:00am

SFundamental
Joined Apr 2020 | Status: Trader | 788 Posts

Quoting SFundamental

Disliked

Seems to be long Aussie going into the cash rate meeting... Then thinking of selling....(subject to Lowe's comments)

Ignored

Way to go....

Look ahead, Macro=Direction, Levels & Structure = Entry

#106,543
Jul 7, 2020 9:36pm Jul 7, 2020 9:36pm

JackJones
Joined Aug 2005 | Status: 888 | 1,053 Posts

Quoting JackJones

Disliked

{quote} nice trade but careful, we are in 'irrational exuberance' , gold and stawks could pop again o_0

Ignored

grist for the mill

#106,544
Jul 9, 2020 12:05am Jul 9, 2020 12:05am

djse7en2000
| Joined Jul 2020 | Status: Trader | 7 Posts

Quoting JackJones

Disliked

{quote} ..

Ignored

any thoughts for Audusd guys? i think 0.70 will break for. test.... then coming the sell off...

#106,545
Jul 9, 2020 9:04am Jul 9, 2020 9:04am

Forexgoat
| Membership Revoked | Joined Jun 2020 | 28 Posts

This is a free telegram group where experienced traders share their trades and technical/ fundamental updates on the market: https://t.me/joinchat/IQwq2hFv4UeDJ_9RROZqcw

#106,546
Edited 2:28am Jul 11, 2020 2:15am | Edited 2:28am

JackJones
Joined Aug 2005 | Status: 888 | 1,053 Posts

why worry about direction when you can trade it both ways and cover yourself, we are 'in the money'..

if 6880 holds next week then im assuming buyers are winning, even more so if it holds 6950 so watching to see if asia is buying it, but still very thin down to 6660 so maybe thinking to watch out for the retest of lows and catch the drop, might buy some calls or something.

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grist for the mill

#106,547
Jul 12, 2020 2:33am Jul 12, 2020 2:33am

forexdhaka
| Joined May 2020 | Status: Trader | 86 Posts

my thoughts

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be patient

#106,548
Jul 13, 2020 2:29am Jul 13, 2020 2:29am

JackJones
Joined Aug 2005 | Status: 888 | 1,053 Posts

Quoting krst8

Disliked

Will todays drop in AUD after corona “trick” traders to believe this has anything to do with corona? i bet on that this drop is just correlated to sp500 features. If sp500 goes upp back again this would just sky rocketed back up... as long as they dont close down any mining or heavy Industry this will have no effect, or?

Ignored

maybe go a three-way-arbitrage-whoop with silver/s&p/aud ?? how about usdX, selling that mofo is easy moni baby.

Quoting JackJones

Disliked

why worry about direction when you can trade it both ways and cover yourself, we are 'in the money'.. if 6880 holds next week then im assuming buyers are winning, even more so if it holds 6950 so watching to see if asia is buying it, but still very thin down to 6660 so maybe thinking to watch out for the retest of lows and catch the drop, might buy some calls or something. {image}

Ignored

asia held the open so watch euro-bears try to sell it off, if they can't it would be mega bullish imo.

grist for the mill

#106,549
Jul 13, 2020 10:58pm Jul 13, 2020 10:58pm

Theoak
Joined Apr 2019 | Status: Trader | 5,796 Posts

bearish on this pair today

Don't trade what you think. Just what you see!!!

#106,550
Jul 14, 2020 6:09am Jul 14, 2020 6:09am

Theoak
Joined Apr 2019 | Status: Trader | 5,796 Posts

Quoting Theoak

Disliked

bearish on this pair today

Ignored

Short in at 0.6956

Don't trade what you think. Just what you see!!!

#106,551
Jul 14, 2020 6:24am Jul 14, 2020 6:24am

Sharpyyyy
| Joined Jul 2020 | Status: Trader | 5 Posts

Quoting Theoak

Disliked

{quote} Short in at 0.6956

Ignored

What gives you a indication to short this @ 0.6956?

#106,552
Jul 14, 2020 8:18am Jul 14, 2020 8:18am

Torzone
| Joined Mar 2020 | Status: Trader | 202 Posts

Wouldn't be surprised if we fall down below 6890 in NY session

#106,553
Jul 14, 2020 12:30pm Jul 14, 2020 12:30pm

Leinadgnow
| Joined Nov 2010 | Status: Trader | 529 Posts

Despite being in the top half of the channel, i am not comfortable taking a short here.
Still got abit of run / leg in potential upward movement.

Dxy still got some space for the downside.
Will only take the short with 1/2 size of usual if it reaches the upper trend line with Super tight stops.

Stay safe all.

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There is no royal road to anything.

#106,554
Jul 14, 2020 3:44pm Jul 14, 2020 3:44pm

krst8
| Joined Nov 2019 | Status: Trader | 532 Posts

Quoting Leinadgnow

Disliked

Despite being in the top half of the channel, i am not comfortable taking a short here. Still got abit of run / leg in potential upward movement. Dxy still got some space for the downside. Will only take the short with 1/2 size of usual if it reaches the upper trend line with Super tight stops. Stay safe all. {image} {image}

Ignored

as long as SP500 dont give up uppwards momentum AUD is not stopping to go higher... US equities today closed above yesterdays highpoint. So AUD still bullish... (and yes, been bearish in aud since may but proven wrong many times by now :-) )

#106,555
Jul 14, 2020 5:27pm Jul 14, 2020 5:27pm

JackJones
Joined Aug 2005 | Status: 888 | 1,053 Posts

Quoting krst8

Disliked

{quote} as long as SP500 dont give up uppwards momentum AUD is not stopping to go higher... US equities today closed above yesterdays highpoint. So AUD still bullish... (and yes, been bearish in aud since may but proven wrong many times by now :-) )

Ignored

yes, but what about Copper?

usdX getting sold off again, how many of those can they print? no body knows! AUD bears getting CHOPPED!

printing cash-dollars is great but when your debt to gdp slips even the banks might have to revalue it... meanwhile, Japan is sitting there quietly

grist for the mill

#106,556
Jul 14, 2020 5:34pm Jul 14, 2020 5:34pm

krst8
| Joined Nov 2019 | Status: Trader | 532 Posts

Quoting JackJones

Disliked

{quote} yes, but what about Copper? usdX getting sold off again, how many of those can they print? no body knows! printing cash-dollars is great but when you debt/gdp slips even the banks might have to revalue it.

Ignored

.... by far to naive and “not knowledgeable ” to understand honestly how this economical system works... not only us printing money, all countries are printing money. As long as those debts are for investments within countries with other local currencies i cant believe that USD can devaluate that easy, then for real investments will be for free...

#106,557
Jul 14, 2020 11:23pm Jul 14, 2020 11:23pm

JackJones
Joined Aug 2005 | Status: 888 | 1,053 Posts

Quoting krst8

Disliked

{quote} .... by far to naive and “not knowledgeable ” to understand honestly how this economical system works... not only us printing money, all countries are printing money. As long as those debts are for investments within countries with other local currencies i cant believe that USD can devaluate that easy, then for real investments will be for free...

Ignored

its funny because they can run on debt for a lot longer, look at Japan and the US is only half the debt it was at before WW2 so this isn't really new.. just entering the 'last man holding the bucket of crap' loses the game.. me i'm going to take it easy, been stacking in a bunch in physical metal and might just watch it from the sidelines, i'm getting to old for this kind of worry. GL!

grist for the mill