AUD/USD

Very nice entry on the lower channel. If US brings about a cover or new bids you picked a very nice level to do it. We almost broke the tick channel but no avail just yet most likely one side or the other will be taken out come NY.

Thanks. good to see it differently, is that Thinkorswim?

It is, I trade currency futures through them and love their layout and scenario analyzer tools they have. Which broker do you use currently?

Long me at 1.0458 with 15 pip stop

Already at guaranteed unlosable position... break even +1

This could be a 100+ pip trade... risked was 3.5% on my 15 pip stop.

I have an equity account with TDA thats somewhat dormant atm as I focus on FX now. I use oanda and mbtrading.

I know of MBtrading I still have an account with them and sometimes take advantage on the spot side with their Pay for limits plan. Good company but software ehhhh..

That last hourly candle was pretty strong I have to say. If we fill back with this hourly than I will just have to wait for NY open because we most likely will be choppy into CPI. If this hour brings about another strong candle stick or virtually unchanged than I will be a bit nervous on the short side.

Relying on their platforms for analysis would be suicide, I do all my work on MT4 from 4 brokers just to ensure price consistency and pinpoint accuracy. This one is not acting as a runner, might take a few off the table at +12.

out half at 468 and the rest got taken out at BE+2 SL @ 59. crapper looking like its gonna turn back up but im not chasing

Your telling me I was long EUR/USD(6e) and I saw these huge buys spread out over a couple minutes just obliterate dollar Resistance: 82.60 then we traded up to 82.74 within seconds Amazing...

CPI will be your determining factor for trading NY all day. I think its a bit odd at the moment that GBP is trading up with dollar that is taking off this last hour and EUR taking a hit while AUD not really decided yet on what it wants to do.

AUD is holding nicely right now for longs to believe in a higher move it would need to break and trade above 1.0485

GSGILL,

On AUD futures we are still trading at and above 88.6% extension. If CPI results is dollar selling I am switching right away with you and buying at these levels for AUD/USD level 1.05/15

Disclaimer: Still short at 1.0475 and target: 1.0445-40.

Buy-limit @ 1.04650 , Take-profit @ 1.04950. Neat 30pips.

Dollar broke a few Resistance levels this morning leading into CPI it almost feels like we could surge here all the way to 83. I will say though for the bull perspective the aud is holding up relatively nicely and GBP as always is putting up a fight for the shorts. I have moved my AUD short stop loss to 1.05 from 1.0485 as CPI could cause a big wick either way before solid direction. Best to all today

Went Long (6E) EUR at 1.2280 as the lower channel has been reached. Good luck all today and

Closed out AUD/USD short as Dollar will take a slight whack on this number causing AUD to rise.

Long AUD/USD 1.0475 Target 1.0510
SL: 1.0440

Sometimes when the market direction changes you need to go with the flow. I am an AUD bear through and through but today's econ number will cause dollar to fall sending other majors up.

Might be a good entry for a short???

I have been looking at this one too for a possible short. Go with any reversal signs from here to 1.0506. I believe the damage may have been done in audusd and this pair is going down more...

Olu

A possible scenario. 4h chart

Olu

That is what I'm waiting for

hmmmm, me too, but my arachnid sense warns me about 580 before serious drop... beware.

I would love that... Better entry for the big sell

Olu