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AUD/USD

  • #44,581
  • May 13, 2012 9:37pm May 13, 2012 9:37pm
Nzd showing more weakness, broke support at 0.7816 and restested. Now if hourly close beyond then likely we will breach .07800
  • #44,582
  • May 13, 2012 9:42pm May 13, 2012 9:42pm
Quoting diggo
Pullback to 0.99 - 1.01 still valid and looking even more likely by the day.

[SNIP]

I'm still a long term bull. 0.99-1.01 looking like a juicy area to long, targeting 1.10-1.15 later in the year into early next year
Posted a few weeks ago in 1.04 area..

Still valid. I believe we are getting VERY close to a long term low here.. A price which may not be seen again for years. I am in with my first long at 0.9999.

We should bounce and then go a bit lower. I like 0.9960/70. Depending on price action.. I might be heavily long in this area. End of year targets/early 2013 - 1.10/1.15. Possibly 1.20 in 2013.

It does look bearish right now.. but we needed a decent pullback like this in order to surge higher. Good luck gents
  • #44,583
  • May 13, 2012 9:44pm May 13, 2012 9:44pm
long 0.9998
Stop 0.9990
tp open
  • #44,584
  • May 13, 2012 9:50pm May 13, 2012 9:50pm
Nice diggo, you may be right. The non reporting shorts (read late comers) are at the same high levels as in Oct last year when the aussie dollar bottomed and the non reporting longs have halved their possies (at the wrong end). That said it doesn't feel like a price extreme yet but we could be close. I don't have a position on ATM but am looking for some price action to get me long.
  • #44,585
  • Edited May 14, 2012 2:32am May 13, 2012 10:00pm | Edited May 14, 2012 2:32am
People how far do you think this could pull back i have an eye on 1.0050 to be safe as when she drops again i dont want to be caught on this long.

bears wouldn't let her get in that tp out for +1
  • #44,586
  • May 13, 2012 10:07pm May 13, 2012 10:07pm
Quoting diggo
Posted a few weeks ago in 1.04 area..

Still valid. I believe we are getting VERY close to a long term low here.. A price which may not be seen again for years. I am in with my first long at 0.9999.

We should bounce and then go a bit lower. I like 0.9960/70. Depending on price action.. I might be heavily long in this area. End of year targets/early 2013 - 1.10/1.15. Possibly 1.20 in 2013.

It does look bearish right now.. but we needed a decent pullback like this in order to surge higher. Good luck gents
Btw I have ~0.9952 as the 61.8 fib of last years low and this years high. We should see that at least.
  • #44,587
  • May 13, 2012 10:10pm May 13, 2012 10:10pm
Quoting pippaholic
People how far do you think this could pull back i have an eye on 1.0050 to be safe as when she drops again i dont want to be caught on this long.
Should be good for 60-70 pips
  • #44,588
  • May 13, 2012 10:18pm May 13, 2012 10:18pm
Quoting pippaholic
People how far do you think this could pull back i have an eye on 1.0050 to be safe as when she drops again i dont want to be caught on this long.
I don't think anyone on here could answer that.
  • #44,589
  • May 13, 2012 10:59pm May 13, 2012 10:59pm
Hi Guys please update will it come some day to cover me as i am stressed and please update if Greece will go out from euro -- what impact can we see on audusd-
I think it will go down more for short term-- may be i am wrong --want to double check via expert.

can it go to .90 or what will be the bottom price
  • #44,590
  • May 13, 2012 11:04pm May 13, 2012 11:04pm
Quoting rankinchopra

can it go to .90 or what will be the bottom price
If anybody could foretell that do you think they are going to share for free?

Sure it can go to .90 but I do not see that happening at least as far as this week is concerned.

I would go back to the DEMO and save your money for now.
  • #44,591
  • May 13, 2012 11:05pm May 13, 2012 11:05pm
Quoting Noobicle
lol u talked yourself into it by shorting those 100s of times last week turned u into a determind bear..

but who knows if itll go up, anything can happen.

china is dominating usa
It is not in downtrend on monthly chart,but my stop loss was taken at 1.0150,have to look for another chance.
  • #44,592
  • May 13, 2012 11:05pm May 13, 2012 11:05pm
Quoting rankinchopra
Hi Guys please update will it come some day to cover me as i am stressed and please update if Greece will go out from euro -- what impact can we see on audusd-
I think it will go down more for short term-- may be i am wrong --want to double check via expert.

can it go to .90 or what will be the bottom price

Hey Rankin, I feel bad for you judging frm your tone but really mate, there is no one in the world you should listen to especially not one who would call themselves an expert! You are asking for predictions. Even knowing the outcomes of the news events you mention one cannot know the resultant currency direction. Place your bet, protect your risk and maximise your potential return. There are simple systems on this site so simple I'm teaching my kid to play with hem on a demo. But that's another story...
  • #44,593
  • May 13, 2012 11:17pm May 13, 2012 11:17pm
AUD/USD found support at just above 0.9990 after dipping below parity for the first time since December.

FXCM DJ Dollar index suggests strong bear on dollar in the short term, backing this trade up.

Targets provided based on weekly candle levels. Closing on swing/fibs mid of about 1.0240 is also an option.

Stop is rather small to maintain proper RR. Historical weekly levels used.

Action: BUY

Targets: 1.0116; 1.2147; 1.0315

Stop: 0.9957
Attached Image(s) (click to enlarge)
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  • #44,594
  • May 13, 2012 11:27pm May 13, 2012 11:27pm
Bounce back down I reckon .. check the 15 mins

edit :: I shorted 3 lots @ 1.0025 .. took 2 off at b/e so still 1 short
Attached Image (click to enlarge)
Click to Enlarge Name: reverse.png Size: 35 KB
  • #44,595
  • May 13, 2012 11:36pm May 13, 2012 11:36pm
I hope so, I just missed the .99 long... waiting for a double dip.

btw... 6 minutes ago
http://www.bloomberg.com/news/2012-0...-currency.html
A genius is born every minute, me I am lucky if my socks match.
  • #44,596
  • May 13, 2012 11:40pm May 13, 2012 11:40pm
Ahhh...the week is still young.
  • #44,597
  • May 13, 2012 11:42pm May 13, 2012 11:42pm
Quoting whackdiddy
http://www.bloomberg.com/news/2012-0...-currency.html
If Greece can exit what would stop the rest?

Do yo foresee a mass exodus?
  • #44,598
  • May 13, 2012 11:42pm May 13, 2012 11:42pm
Will close a short term at DP around 1.0040. For long term, plenty of time to jump in, not necessary to wait for a double dip as it might not happen.
  • #44,599
  • May 13, 2012 11:59pm May 13, 2012 11:59pm
I would mantain an overall bearish attitude, after all the trend is still down
  • #44,600
  • May 14, 2012 12:11am May 14, 2012 12:11am
Quoting tunera
I would mantain an overall bearish attitude, after all the trend is still down
The 'trend' can change any second. I am no clairvoyant, but I'm betting on a spike up. Resistance on DJ dollar plus the mess with JP Morgan chase might drag the dollar down, but we'll see.
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