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AUD/USD

  • #41,121
  • Feb 28, 2012 9:02pm Feb 28, 2012 9:02pm
Interesting to see that 74% of IG clients with open positions in this market are short AUD/USD. This is up from 72 % a few hours ago. We could see a run of stops if this goes above 1.0820

Im long from 1.0816. Target 1.0851 with a stop just below 1.0800.
  • #41,122
  • Feb 28, 2012 9:04pm Feb 28, 2012 9:04pm
Just a little patience goes a long way.

Target one is here. May unload some cargo while no one is looking.
OR
May wait a bit to see reaction at this potential resistance area.....

She's making Higher lows and Higher Highs on this last leg up.

Positions on chart decrease in size as they go up, so I'm not swimming in shit on a 75 pip swing.

Quoting XTrade
Locked and loaded it's over bears.

Ready to test 1.08 / 1.1

Long kiwi from .8279
Attached Image (click to enlarge)
Click to Enlarge Name: AUD locked n loaded feb 12.GIF Size: 27 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #41,123
  • Feb 28, 2012 9:18pm Feb 28, 2012 9:18pm
Quoting Daytrader74
Nope off to 1.25 by Monday...sorry bra
I'm going short 1.25 that's my final offer! Real talk thanks!

Seriously tomorrows high? I think 1.09500. Thoughts of some more experienced traders?
  • #41,124
  • Feb 28, 2012 9:23pm Feb 28, 2012 9:23pm
As we can see, the euro is rising against the dollar. Since the bank made its first round of such loans in the late of 2011 to make sure the European banks continue to lend money and avoid a financial crisis.

  • #41,125
  • Feb 28, 2012 9:35pm Feb 28, 2012 9:35pm
Quoting NetBurl
I'm going short 1.25 that's my final offer! Real talk thanks!

Seriously tomorrows high? I think 1.09500. Thoughts of some more experienced traders?
Yes I'll be going short 20 lots at 1.25 as well
  • #41,126
  • Feb 28, 2012 9:36pm Feb 28, 2012 9:36pm
Quoting fxdragonz
Interesting to see that 74% of IG clients with open positions in this market are short AUD/USD. This is up from 72 % a few hours ago. We could see a run of stops if this goes above 1.0820

Im long from 1.0816. Target 1.0851 with a stop just below 1.0800.
Where did you get this info?
  • #41,127
  • Feb 28, 2012 10:03pm Feb 28, 2012 10:03pm
Quoting diggo
Where did you get this info?
IG markets has this 'insight' feature on the top right corner on the platform which lets you see what IG clients are doing.
  • #41,128
  • Feb 28, 2012 10:08pm Feb 28, 2012 10:08pm
If there is a true stall at 0800/40 area, she may shed 50 to 75 pips only to come back and take out the top.

There were multiple tests of 0669 and a dip to 0620 area for a bearish breach all which resulted in failure.

The last possibility would be extreme consolidation between the range top and bottom before a decisive break.

I stand by the first and will look for a sustained topside breach of 08 on the way to test 1.1
Quoting NetBurl
I'm going short 1.25 that's my final offer! Real talk thanks!

Seriously tomorrows high? I think 1.09500. Thoughts of some more experienced traders?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #41,129
  • Feb 28, 2012 11:09pm Feb 28, 2012 11:09pm
Quoting diggo
Where did you get this info?
Hi sorry just got back from dinner. I have an account with IG markets. Its part of their "Insight" feature.
  • #41,130
  • Edited 11:41pm Feb 28, 2012 11:31pm | Edited 11:41pm
well as i stated before, the bulls are still strong, there's nothing on the chart as yet to suggest otherwise
Resistance is only resistance if it is resisting...lol

The way i look at it it is safer to try catching the falling knife on what is a major uptrend, than trying to catch the top
Biggest joker
  • #41,131
  • Edited 11:51pm Feb 28, 2012 11:46pm | Edited 11:51pm
Small inside breaks will often be fakes in this situation, not to say it will not fall, just that caution is required.
You can bleed to death from multiple small losses.

BTW, nice little level
Biggest joker
  • #41,132
  • Feb 29, 2012 1:15am Feb 29, 2012 1:15am
Quoting XTrade
If there is a true stall at 0800/40 area, she may shed 50 to 75 pips only to come back and take out the top.

There were multiple tests of 0669 and a dip to 0620 area for a bearish breach all which resulted in failure.

The last possibility would be extreme consolidation between the range top and bottom before a decisive break.

I stand by the first and will look for a sustained topside breach of 08 on the way to test 1.1
my chart shows the same target 1.1 (2 weeks) and after the retracement 1.3+
Attached Image (click to enlarge)
Click to Enlarge Name: aud-2.png Size: 23 KB
Lehman Sisters Wouldn't Have Failed
  • #41,133
  • Feb 29, 2012 1:36am Feb 29, 2012 1:36am
put in a small long at 810, TP 850 for now and SL at 790
  • #41,134
  • Feb 29, 2012 1:47am Feb 29, 2012 1:47am
IG Markets have just gone 75% of open positions is now shorts. two way senerio. either we are going to see a heavy ceiling at 1.0820 or we are going to see a short run of stops. commodity prices still looking strong. Im keeping my bull hat on but my entry price looks like an consolidation at this point
  • #41,135
  • Feb 29, 2012 2:44am Feb 29, 2012 2:44am
Quoting fxdragonz
IG Markets have just gone 75% of open positions is now shorts. two way senerio. either we are going to see a heavy ceiling at 1.0820 or we are going to see a short run of stops. commodity prices still looking strong. Im keeping my bull hat on but my entry price looks like an consolidation at this point
How does you know the position of IG traders?
  • #41,136
  • Feb 29, 2012 2:48am Feb 29, 2012 2:48am
read back a few posts. " Insight" for paid members, we get to see what other traders are doing
  • #41,137
  • Feb 29, 2012 2:49am Feb 29, 2012 2:49am
Quoting fxdragonz
read back a few posts. " Insight" for paid members, we get to see what other traders are doing
Thanks mate.

Just got off my lazy arse and read through your other posts.

Cheers for pointing this out.


How about us bulls go on a little hunt....
  • #41,138
  • Feb 29, 2012 2:51am Feb 29, 2012 2:51am
Doesnt really matter yet, Im stiill yet to find a way to make money from this information. Just curious that so many people are short when sooooo obvious indicators are long since mid DEC. Am I missing something
  • #41,139
  • Feb 29, 2012 3:18am Feb 29, 2012 3:18am
Quoting fxdragonz
Doesnt really matter yet, Im stiill yet to find a way to make money from this information. Just curious that so many people are short when sooooo obvious indicators are long since mid DEC. Am I missing something
I get so bored buying since December and want to Sell for a change..
Trade what you see. Write what you feel
  • #41,140
  • Feb 29, 2012 3:30am Feb 29, 2012 3:30am
ha ha picking the top. Please tell me how to make consistent gains. Ill be a boring old risk/reward trader trying our little trends. But I have great respect for our "cap traders"
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