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AUD/USD

  • #44,701
  • May 14, 2012 9:50pm May 14, 2012 9:50pm
Quoting jayjb
long the strongest and short the weakest
Is shorting still possible or reached low for today
  • #44,702
  • May 14, 2012 10:14pm May 14, 2012 10:14pm
Quoting thevadd
Is shorting still possible or reached low for today
I have 3 short positions opened at 9995, 9954 and 9966, and if I had more margin available (which is pretty much depleted because of all the short positions) I would go short now again and would put a Sell Limit around 9985. Then go to sleep and hope that I didn't get a margin call in the morning
  • #44,703
  • May 14, 2012 10:19pm May 14, 2012 10:19pm
Quoting thevadd
Is shorting still possible or reached low for today
well kiwi is fundamentally very weak right now, even if europe turns out good, they are still economically weakening now, just refer to yesterday's retail sales.. for now 0.7770 should cap any upside movement, above this we will have 0.7810 which was a good support area last week.. to the downside we have 0.7720
  • #44,704
  • May 14, 2012 10:20pm May 14, 2012 10:20pm
Quoting NYForexer
I have 3 short positions opened at 9995, 9954 and 9966, and if I had more margin available (which is pretty much depleted because of all the short positions) I would go short now again and would put a Sell Limit around 9985. Then go to sleep and hope that I didn't get a margin call in the morning
It looks bullish after the RBA news but the news is very bad.
In most brokers if you place a stop loss, more margin will be released.
  • #44,705
  • May 14, 2012 10:41pm May 14, 2012 10:41pm
Quoting thevadd
It looks bullish after the RBA news but the news is very bad.
In most brokers if you place a stop loss, more margin will be released.
Doesn't look bull or bear... it was a bear bar and price closed overtop... however it hasn't created any momentum... still bearish.
  • #44,706
  • May 14, 2012 10:57pm May 14, 2012 10:57pm
Quoting Chillypiper
.... Good eye! I have possible 4hr diversion too my friend. Might be worth a try after the news in an hour(if your not already in @ BE). IMO.GL!
Hi Mate,
Thanks for the remark. Apart from all, COT released Friday also showed increase in short positions in AUD, which you know what it means. I am taking it easy nowadays as busy with business, but dive in when i see opportunities. I am in the trade already with some 20pips or so by now, will monitor.
S&P doesnt look too healthy and it seems like its ready for the big drop I have been talking about for months. Keep an eye on that too.
Good Luck, see you around.
Find a job that you love and you dont have to work again in your life.
  • #44,707
  • May 14, 2012 11:00pm May 14, 2012 11:00pm
Exporters and manufacturers may have taken succour from a drop in the dollar below parity but RBA deputy governor Philip Lowe says it’s not the start of a permanent downwards move.


http://www.afr.com/p/national/relief...0Qmm33xtgQOLXI
  • #44,708
  • May 14, 2012 11:01pm May 14, 2012 11:01pm
I would sell EUR/AUD before buying AUD/USD. This pair has no legs to stand on.
  • #44,709
  • May 14, 2012 11:13pm May 14, 2012 11:13pm
Quoting tradoholic
Hi Mate,
Thanks for the remark. Apart from all, COT released Friday also showed increase in short positions in AUD, which you know what it means. I am taking it easy nowadays as busy with business, but dive in when i see opportunities. I am in the trade already with some 20pips or so by now, will monitor.
S&P doesnt look too healthy and it seems like its ready for the big drop I have been talking about for months. Keep an eye on that too.
Good Luck, see you around.
what do u mean by that ? is it aud will drop heavy ly today? @ raching some price before doing so ..?
  • #44,710
  • May 14, 2012 11:25pm May 14, 2012 11:25pm
Quoting yuNn
what do u mean by that ? is it aud will drop heavy ly today? @ raching some price before doing so ..?
Hi,
As I mentioned in my first chart I was going Long on AUD. My trade is now executed and i am nett long hoping for about 100 pips. Even the best of traders cant say for certainty which way the market goes. The best we can do is to use the tools we have for interpretation.
I mentioned S&P500 because I use that as a directional guide for risk sentiment of the market. If this drops, risk currencies such as CAD and AUD will follow.
I hope I have explained what you wanted.

Good luck.
Find a job that you love and you dont have to work again in your life.
  • #44,711
  • May 14, 2012 11:26pm May 14, 2012 11:26pm
Well its up on the 1hr chart, thats odd maybe bad news is good news.
  • #44,712
  • May 15, 2012 12:20am May 15, 2012 12:20am
Quoting Acroix70
Well its up on the 1hr chart, thats odd maybe bad news is good news.
possible it was heavy sellers taking profit an thought things might get good...have to read between the lines sometimes or think outside the box...just a thought...
  • #44,713
  • May 15, 2012 1:39am May 15, 2012 1:39am
Quoting Noobicle
possible it was heavy sellers taking profit an thought things might get good...have to read between the lines sometimes or think outside the box...just a thought...

heya noob .. just took 50 pips at 9999

still ... I trashed 250 pips yesterday was my worst trading day ever.

need a good week to make up for it

Hope you are making plenty my friend


green pips to you all
  • #44,714
  • May 15, 2012 1:44am May 15, 2012 1:44am
I'm flat.

M30
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  • #44,715
  • May 15, 2012 1:53am May 15, 2012 1:53am
Looks like aussie will retrace in the short term
  • #44,716
  • May 15, 2012 2:00am May 15, 2012 2:00am
Quoting MitchL
heya noob .. just took 50 pips at 9999

still ... I trashed 250 pips yesterday was my worst trading day ever.

need a good week to make up for it

Hope you are making plenty my friend


green pips to you all
ouch.. yeah im just in the positives, just took a long from 9964 for 31 an still holding another @ 964 @ +10 , hope she goes up some more...still on yr bear wagon? i might join soon that euro is a worry...

this pair has been confusing for me latly..
  • #44,717
  • May 15, 2012 2:19am May 15, 2012 2:19am
1.0035 may be time to short
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  • #44,718
  • May 15, 2012 2:43am May 15, 2012 2:43am
Make or break now..

Daily
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  • #44,719
  • May 15, 2012 2:57am May 15, 2012 2:57am
Just watch the news out of Europe, aussie is trading the same...
  • #44,720
  • May 15, 2012 3:01am May 15, 2012 3:01am
Quoting NYForexer
I have 3 short positions opened at 9995, 9954 and 9966, and if I had more margin available (which is pretty much depleted because of all the short positions) I would go short now again and would put a Sell Limit around 9985. Then go to sleep and hope that I didn't get a margin call in the morning
I can't believe you spent all your margin on shorting the AUD below parity. Hope it works out for you.
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