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AUD/USD

I'm still holding long A/U and short U/cad , as I said before I see- A/U at .9150 and U/cad at 1.031-32
Alright bugger it. I will make an AUD call and nobody can stop me:

Until the next major credit crisis occurs in the US (Corporate Bonds blowup or State/Muni Bonds blowup would be my two top picks) the price of AUD will remain coupled to gold and equities prices.

So until gold is convincingly breaking 1120, don't bother shorting unless you expect to wake up to the next Lehman tomorrow (and hey, I wouldn't fault you).

EDIT: Shah, beat me to it while I was typing.
Quoting sinner-
Alright bugger it. I will make an AUD call and nobody can stop me:

Until the next major credit crisis occurs in the US (Corporate Bonds blowup or State/Muni Bonds blowup would be my two top picks) the price of AUD will remain coupled to gold and equities prices.

So until gold is convincingly breaking 1120, don't bother shorting unless you expect to wake up to the next Lehman tomorrow (and hey, I wouldn't fault you).

EDIT: Shah, beat me to it while I was typing.
Its the US Equities that are getting stronger, which bring in the risk factor. If you have a look at cross currencies of USD, you will see that it is getting weaker across the board. AUD is not in the US index but it is also following the rest. Something must have triggered this spike in the last hour or so. Unless its a phoney raise to get rid of shorts before NY open for a nice sweet drop.
Find a job that you love and you dont have to work again in your life.
Im proud of the london session...good job guys and gals
Annoying Precision
Quoting jimbo86
my thoughts are, china is investing huge amounts of money, australia are selling commodities to china. If the rest of the world is still struggling people wont be buying what china has made, possibly causing them problems and taking australia with them
Your thinking too hard Jimbo.

gold is testing upper TL resistance

Attached Image
Quoting Clouds
gold is testing upper TL resistance

Attachment 430053

My short's in because of that very TL . SL 1133.
Placing new shorts people... 0.9045 same in EUR/USD what are u guys doing?
Quoting kourtney
Placing new shorts people... 0.9045 same in EUR/USD what are u guys doing?
resistance not until 906x... holding off until PA... waiting to collect on my long from 9016
When this baby hits 88 miles per hour, you're gonna see some serious s***.
Looks like it wana go to 0.9070 and after that to fall like a stone, at least I hope that.
Quoting Clouds
gold is testing upper TL resistance

Attachment 430053
U/cad hit my short target of 1.031-2 (we will see a bounce up from here-may be 20-30 pips), waiting for the same happen to long A/U
Quoting kourtney
Placing new shorts people... 0.9045 same in EUR/USD what are u guys doing?
buying eur/cad off 1.40
Ooooooooo!!!! My god, i missed the boat.
Face both Win and Lose bravely
Quoting Cowboy11
Ooooooooo!!!! My god, i missed the boat.
wait to short A/U at .9120- .9150 , very good short entery we have there
I prefer LONG on AU, too risky to be short.
Face both Win and Lose bravely
Now the 4hr has closed above the 0.90219 level are we liekly to see a quick retracement back there and then up she goes??
Quoting Clouds
buying eur/cad off 1.40
Wow, I got out of that one really fast. Short EU.
pay attention to macd in d1 timeframe. what does it tell u?
Quoting notoSCUM
pay attention to macd in d1 timeframe. what does it tell u?
MACD just poked above waterline but momentum is still stuck at 0 although CCI is heading up. We are still in for nasty chops b4 a clear direction emerges ( maybe after GDP out tonight or after NFP later this week)
Quoting Clouds
buying eur/cad off 1.40
what's your stop and target?
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