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AUD/USD

  • #53,681
  • Oct 11, 2012 5:12am Oct 11, 2012 5:12am
I think a 4hr close below 1.0253 would relieve most upside pressure
  • #53,682
  • Oct 11, 2012 7:55am Oct 11, 2012 7:55am
Sell stop at 1.0620 TP 50 pips SL 30 pips
I see a divergence...
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  • #53,683
  • Oct 11, 2012 9:06am Oct 11, 2012 9:06am
goin to 1.06?
  • #53,684
  • Oct 11, 2012 9:24am Oct 11, 2012 9:24am
Quoting staffpro
goin to 1.06?
1.0264 my bad
  • #53,685
  • Oct 11, 2012 9:39am Oct 11, 2012 9:39am
Quoting bogus
Thats a good place to TP. My 2nd lot is set for 1.2460 and I'll let the PA tell me what to do with the last one.Kicking myself for getting out too early at the beginning of the plunge.
To take profit is always a good thing regardless what happened afterwards. I just got stopped out @ BE for positions pre Aussie data after good US Unemployment. Will scale in short for E/A depends on E/U.
  • #53,686
  • Oct 11, 2012 12:11pm Oct 11, 2012 12:11pm
Quoting candle779
Hi, guys. BUY If the price breaks the resistance level 1.03149 bullish movement will begin. The nearest target of such movement will become the level 1.03760 with following move up to the level 1.04370. SELL If the price breaks the strong support level 1.02539 bearish movement will start. The closest target of movement will become the level 1.01929 with following move down to the level 1.01318. Have anybody tried trading this direction? Thanks. Happy trading.
dont buy at 315 its a bull target
  • #53,687
  • Oct 11, 2012 12:55pm Oct 11, 2012 12:55pm
next bull rally starts right here, we are ripe for rally to new highs
  • #53,688
  • Oct 11, 2012 1:13pm Oct 11, 2012 1:13pm
I am short the pair. RBA is going to make the bulls beg for mercy.
  • #53,689
  • Oct 11, 2012 1:14pm Oct 11, 2012 1:14pm
Where a lot of people make mistakes. They buy after a huge up move, put a 25 pip or tight SL. Price retraces 50%. They then sell at the 50% retracement. Price continues upwards. They get SL AGAIN.

Sometimes it works, but sometimes... it doesn't.
A 1 pip gain is better than a 1 pip loss.
  • #53,690
  • Oct 11, 2012 1:39pm Oct 11, 2012 1:39pm
regardless, this pair will be higher, the world is addicted to risk, crashes are so rare why bet on them? 75% of the time we have a bull market anyways and audusd will go up 75% of the time.
  • #53,691
  • Oct 11, 2012 1:54pm Oct 11, 2012 1:54pm
Quoting staffpro
regardless, this pair will be higher, the world is addicted to risk, crashes are so rare why bet on them? 75% of the time we have a bull market anyways and audusd will go up 75% of the time.
You're not getting my point.
A 1 pip gain is better than a 1 pip loss.
  • #53,692
  • Oct 11, 2012 1:54pm Oct 11, 2012 1:54pm
Quoting staffpro
regardless, this pair will be higher, the world is addicted to risk, crashes are so rare why bet on them? 75% of the time we have a bull market anyways and audusd will go up 75% of the time.
and where do you get your 75% of the time we have bull market?
the fact is... The AUD is overvalued, just look at Australia... if it wasnt for China's demand for their export.. theres NO reason why the Australian's currency is above the US Dollar.... FACT!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,693
  • Oct 11, 2012 3:52pm Oct 11, 2012 3:52pm
Initiated my short, the Chinese data coming out wont be good which will hurt the AUD. Everywhere is slowing down
  • #53,694
  • Oct 11, 2012 4:02pm Oct 11, 2012 4:02pm
Quoting Acroix70
Initiated my short, the Chinese data coming out wont be good which will hurt the AUD. Everywhere is slowing down
What chinese data coming out? Are you referring to the one coming over the weekend?
  • #53,695
  • Oct 11, 2012 4:12pm Oct 11, 2012 4:12pm
Quoting 4rextrader
What chinese data coming out? Are you referring to the one coming over the weekend?
On friday and the weekend. They may beat expectations but the expectations are lowered. If you look at Chinas previous trade records is been exporting less and less. This is bad news for countries it buys from (Australia).
  • #53,696
  • Oct 11, 2012 4:16pm Oct 11, 2012 4:16pm
Quoting Acroix70
On friday and the weekend. They may beat expectations but the expectations are lowered. If you look at Chinas previous trade records is been exporting less and less. This is bad news for countries it buys from (Australia).
I understand that, just thought you were referring to chinese news that I had somewhat missed out on. But ya I saw the news coming out over the weekend. I am currently short AUD.
  • #53,697
  • Oct 11, 2012 4:29pm Oct 11, 2012 4:29pm
Quoting Acroix70
On friday and the weekend. They may beat expectations but the expectations are lowered. If you look at Chinas previous trade records is been exporting less and less. This is bad news for countries it buys from (Australia).
That trade balace would determine if they are still demanding as much from Australia....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,698
  • Oct 11, 2012 4:34pm Oct 11, 2012 4:34pm
Quoting bguguen
That trade balace would determine if they are still demanding as much from Australia....
Hey Bguguen,

I noticed you were with Tadwul Fx, how do you like them as a broker?
  • #53,699
  • Oct 11, 2012 4:40pm Oct 11, 2012 4:40pm
Quoting bguguen
That trade balace would determine if they are still demanding as much from Australia....
Exactly, less of a demand for Australian basic materials would hurt their economy seeing how it is soo dependent on China to buy their exports.
  • #53,700
  • Oct 11, 2012 4:46pm Oct 11, 2012 4:46pm
Quoting 4rextrader
Hey Bguguen,

I noticed you were with Tadwul Fx, how do you like them as a broker?
Dont like them one bit, Chart price is not the same as actual price... you got fix spreads meaning at high volatility they will put slippage so your order gets filled FURTHER than you expected...

But the best part is i dont have swap charges on me.... sooo i just try to deal with it.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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