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AUD/USD

  • #35,781
  • Nov 16, 2011 5:14pm Nov 16, 2011 5:14pm
Quoting Forexia
Is that why the price is not dropping?? It's those sovereign buyers buying the pair? By the usual speed of how this pair moves, the price should be way below 1.0060 (a support level) by now.
This pair is dependent on 'risk'. With the current situation in Europe, everytime there is a bad news, it goes down, everytime there is a good news it goes up. And that seems to happen now on a daily basis.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #35,782
  • Nov 16, 2011 5:24pm Nov 16, 2011 5:24pm

shorted 1.0151, stop moved to 1.0081
Attached Image
Expect the unexpected.
  • #35,783
  • Nov 16, 2011 6:00pm Nov 16, 2011 6:00pm
Looks like the bear is mauling the bull with all its might....

8hr TF looks great
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-11-17 at AM 07.56.17.png Size: 48 KB
  • #35,784
  • Nov 16, 2011 6:07pm Nov 16, 2011 6:07pm
Quoting fx-rocket

shorted 1.0151, stop moved to 1.0081
got out at 1.0061 for +90 pips...
Expect the unexpected.
  • #35,785
  • Nov 16, 2011 6:19pm Nov 16, 2011 6:19pm
Quoting fx-rocket

shorted 1.0151, stop moved to 1.0081

  • #35,786
  • Nov 16, 2011 6:28pm Nov 16, 2011 6:28pm
If we can keep closing above 1.0050 we might have seen a d bottom and see a retrace. looking for entry on 15m chart same on the eur/usd if we continue closing above 1.3434. just need a confirm/bullish candle and will be able to keep stop tight.
  • #35,787
  • Edited 7:05pm Nov 16, 2011 6:51pm | Edited 7:05pm
I woke up to see this move?

I was waiting too high @ 1.0180.. should have sticked with my instinct @ 1.0140~1.0150

I had little sleep lately and it took its toll on me lastnight and i had to go sleep before this drama happened.
But looking forward, I believe I would not have shorted simply because of the drop below 1.0100..
  • #35,788
  • Nov 16, 2011 7:00pm Nov 16, 2011 7:00pm
Quoting bmun2348
Long Order entry at 1.0061 SL 0.9966 with manual TP

Who's with me? I don't think it will drop below parity and it will at least go up to 1.01128
I believe this is suicide!
Just look at your SL, below parity. Once Parity is broken its all the way down.
Better have your SL @ 1.0020 instead <-- next support.

Quoting qhf
If we can keep closing above 1.0050 we might have seen a d bottom and see a retrace. looking for entry on 15m chart same on the eur/usd if we continue closing above 1.3434. just need a confirm/bullish candle and will be able to keep stop tight.
You must be holding a LONG too?

A VERY STRONG support circa 1.0050 is broken through. next minor support 1.0020~1.0000 next albeit it is a big magnet for price to break as well. I went short @ 1.0050 for a target 100 pips below. will adjust how strong the drop for a 200 pips target


Take a look at AUDJPY. Its dropping too. Of course it should, AUDJPY is simply AUDUSD * USDJPY.
Next support for AUDJPY is near 76.60 which is some 80 pips. equivalently, it should be about 90 pips from where AUDUSD is: 0.9960. Japanese are big holder of high interest currencies AUD and NZD.
  • #35,789
  • Nov 16, 2011 7:07pm Nov 16, 2011 7:07pm
will have to just wait for next line of support to look for long next one around 1.0025 watching 1 hr and enter on 15 min and i agree if we break 1.000 we will more than likly go down to 9880 before i look again
  • #35,790
  • Nov 16, 2011 7:13pm Nov 16, 2011 7:13pm
more chance for parity break , stay tight , new entry is risk (both long and short)
Mohan
  • #35,791
  • Nov 16, 2011 7:16pm Nov 16, 2011 7:16pm
shorted again @ 1.0048, sl @ 1.0078, tp below parity
Expect the unexpected.
  • #35,792
  • Nov 16, 2011 7:17pm Nov 16, 2011 7:17pm
Quoting fx-rocket
shorted again @ 1.0048, sl @ 1.0078, tp below parity
sl moved to +5 @ 1.0043...
Expect the unexpected.
  • #35,793
  • Nov 16, 2011 7:20pm Nov 16, 2011 7:20pm
I will just wait until i get a confirm on the candle for the long or short but my next major entry will be long back uo to around the 1.04 level but think we will break 1.00 easily now so will just sit on my hands.
  • #35,794
  • Nov 16, 2011 7:25pm Nov 16, 2011 7:25pm
Quoting fx-rocket
sl moved to +5 @ 1.0043...
Hi fx-rocket, what TF do u trade? Looking at the 30 min TF, price seems to want to test the 0050s region as i am seeing a nice pin bar with bull trying to gain momentum. Hope it bounces back down though. GL on your shorts.
Attached Image (click to enlarge)
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  • #35,795
  • Nov 16, 2011 7:46pm Nov 16, 2011 7:46pm
Quoting Muhd Taufik
Hi fx-rocket, what TF do u trade? Looking at the 30 min TF, price seems to want to test the 0050s region as i am seeing a nice pin bar with bull trying to gain momentum. Hope it bounces back down though. GL on your shorts.
yup, selling at this point is risky bussiness,
I have had some good profit today so I should stay on the sideline...
However, waiting to short again down to 0.9900 level ...
Expect the unexpected.
  • #35,796
  • Nov 16, 2011 7:51pm Nov 16, 2011 7:51pm
Quoting fx-rocket
yup, selling at this point is risky bussiness,
I have had some good profit today so I should stay on the sideline...
However, waiting to short again down to 0.9900 level ...

Yup good call. Defend your gain and dont let the market take it away from u Chill out first and come back later to have another go for your shorts as market is trying to swing back up for another bull run before giving up again. Emotions are the killer dude!
  • #35,797
  • Nov 16, 2011 8:19pm Nov 16, 2011 8:19pm
This is what you get when a bear elopes with the kangaroo

Enjoy the day/night wherever you are... Time to chill out for a while
Attached Image
  • #35,798
  • Nov 16, 2011 8:37pm Nov 16, 2011 8:37pm
Shorting 0120, sl 0172 tp 0020
Come with me if you want to live....
  • #35,799
  • Nov 16, 2011 8:38pm Nov 16, 2011 8:38pm
something with euro
  • #35,800
  • Nov 16, 2011 8:42pm Nov 16, 2011 8:42pm
Got out at 1.0061 with very small pips of profit. Not enough to offset my previous loss. :-( Seems that this pair is following the E/U pair very closely, almost in lock-step.

Should bounce back up a bit and then dip down again. Don't think we will see it hitting parity this week. Maybe mid-next week. Unless some bad bad news come out of Euroland.
Make your losses in demo. Earn your profits live.
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