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  • #32,821
  • Jul 8, 2013 5:13am Jul 8, 2013 5:13am
Quoting Grandhis
just Long Aussie @9054 with small target at 9100, plus SL @9021 anybody with me?

well done
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #32,822
  • Jul 8, 2013 5:29am Jul 8, 2013 5:29am
Quoting blue_z_zz
clearly the down move is losing momentum(as shown in the RSI divergence ) and we might see a good retracement to the upside to mid 90's .personally I don't recommend shorting @ this area{image}
That is Great Divergence, But look at the EUR a few months ago and it was the Eveready Bunny and it kept going and going and going............
The More You Learn, The More You Earn.....
  • #32,823
  • Jul 8, 2013 5:38am Jul 8, 2013 5:38am
Quoting forexalien
{quote} That is Great Divergence, But look at the EUR a few months ago and it was the Eveready Bunny and it kept going and going and going............
its just an indication not a signal to buy but that shows that the momentum is getting weaker and if you looking to short its better to wait for a better price
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #32,824
  • Jul 8, 2013 6:02am Jul 8, 2013 6:02am
Quoting 2+2=4ex
{quote} No. I'm afraid you're on your own. Well, actually, you are far from being on your own. Which is why I won't be joining you Translation = every retail trader (and their mothers) are long. Good luck.
you're not far wrong actually

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #32,825
  • Jul 8, 2013 6:05am Jul 8, 2013 6:05am
Quoting Erebus
{quote} you're not far wrong actually {image}
http://media.dailyfx.com/illustratio...Picture_17.png
AUDUSD – Retail forex trading crowds remain aggressively long the Australian Dollar versus the US Dollar as the pair has fallen substantially off of recent peaks. But a recent shift towards selling suggests we could see further AUDUSD upside through near-term trading.

Trade Implications – AUDUSD: The US Dollar remains in obvious uptrend across the board, but substantially one-sided futures traders forex (http://www.dailyfx.com/forex/technical/article/cot/2013/06/17/Australian_Dollar_COT_Figures_Reach_Another_Record.html) positions in AUDUSD futures suggests the Aussie Dollar may be a relative outperformer. That coincides with retail sentiment, which has become far less one-sided through last week. Our Momentum2 (http://www.dailyfx.com/forex/technical/article/forex_strategy_corner/2013/02/15/forex_trading_strategy_momentum2_dailyfx_plus.html)/”Tidal Shift” strategy is mostly long USD against other pairs, but it recently sold the Greenback versus the Aussie Dollar (long AUDUSD) from $0.9286. I wouldn’t ignore the far-more-substantial shift towards USD gains, but an AUDUSD long seems reasonable through short-term trading.
  • #32,826
  • Jul 8, 2013 6:21am Jul 8, 2013 6:21am
Quoting HelloOz
{quote} {image} AUDUSD – Retail forex trading crowds remain aggressively long the Australian Dollar versus the US Dollar as the pair has fallen substantially off of recent peaks. But a recent shift towards selling suggests we could see further AUDUSD upside through near-term trading. Trade Implications – AUDUSD: The US Dollar remains in obvious uptrend across the board, but substantially one-sided futures traders forex (http://www.dailyfx.com/forex/technical/article/cot/2013/06/17/Australian_Dollar_COT_Figures_Reach_Another_Record.html)...
i think its smarter to wait for a pullback instead of taking it
How to Win at Sports Betting: DON'T DO IT!
  • #32,827
  • Jul 8, 2013 6:25am Jul 8, 2013 6:25am
It should go back to the 0.9075 area soon to pick up more buyers.
  • #32,828
  • Jul 8, 2013 6:47am Jul 8, 2013 6:47am
Quoting HelloOz
{quote} {image} AUDUSD – Retail forex trading crowds remain aggressively long the Australian Dollar versus the US Dollar as the pair has fallen substantially off of recent peaks. But a recent shift towards selling suggests we could see further AUDUSD upside through near-term trading. Trade Implications – AUDUSD: The US Dollar remains in obvious uptrend across the board, but substantially one-sided futures traders forex (http://www.dailyfx.com/forex/technical/article/cot/2013/06/17/Australian_Dollar_COT_Figures_Reach_Another_Record.html)...
from where are you getting this chart n price feed? thanks
prepare for worst & expect the best
  • #32,829
  • Jul 8, 2013 7:29am Jul 8, 2013 7:29am
Quoting tomersror
It should go back to the 0.9075 area soon to pick up more buyers.
Kinda obvious wasnt it?
I believe there is more room for long in the next minutes
Attached Image
  • #32,830
  • Jul 8, 2013 7:48am Jul 8, 2013 7:48am
40-60 pips more before we can call this a reversal.
But otherwise, I expect the bearish move to resume.

Danny
  • #32,831
  • Jul 8, 2013 7:55am Jul 8, 2013 7:55am
Quoting Danny Maina
40-60 pips more before we can call this a reversal. But otherwise, I expect the bearish move to resume. Danny
if you are talking about the trend on daily chart, even 100 pip up would be only a tiny bounce. talking about reversal is too premature at this point.
As Above, So Below
  • #32,832
  • Jul 8, 2013 7:57am Jul 8, 2013 7:57am
U guys need to notice that the big sellers are out atm, and many small buyers are in.
  • #32,833
  • Jul 8, 2013 8:08am Jul 8, 2013 8:08am
Quoting tomersror
U guys need to notice that the big sellers are out atm, and many small buyers are in.
Whats an easy way to notice this? Or how were you able to tell?

Just the small magnitude of the move?
  • #32,834
  • Jul 8, 2013 8:17am Jul 8, 2013 8:17am
Quoting edindzeko
{quote} Whats an easy way to notice this? Or how were you able to tell? Just the small magnitude of the move?
No. Its just a smart thinking.
The shorters greed has to stop at some point. If they were hungry for more I dont think we would have seen the AUD at 0.91 now.
When u put few sharks in the ocean surrounded by 100000 fishes the natural thought will be getting out of the water.
  • #32,835
  • Jul 8, 2013 8:52am Jul 8, 2013 8:52am
Quoting tomersror
{quote} No. Its just a smart thinking. The shorters greed has to stop at some point. If they were hungry for more I dont think we would have seen the AUD at 0.91 now. When u put few sharks in the ocean surrounded by 100000 fishes the natural thought will be getting out of the water.
this can be just liquidation of some open short positions and a waiting game to short at higher price. market never moves smoothly in one direction.
As Above, So Below
  • #32,836
  • Jul 8, 2013 9:02am Jul 8, 2013 9:02am
Quoting tashkent
{quote} this can be just liquidation of some open short positions and a waiting game to short at higher price. market never moves smoothly in one direction.
Well duh?
Its either that or the heavy players will change positions. We never know whats in their head, but common sense tells me that the way it looks now we may see a change. And a good data from the AUD will just boost it up.
  • #32,837
  • Edited 10:08am Jul 8, 2013 9:38am | Edited 10:08am
I guess the AUD will come down sharply tomorrow,after CPI ,PPI data from China, probably back to 0.9 or even lower to 0.8950.
See how much more the big seller wants to do in US market.So, long AUD as much as you like to 0.92. But
be careful.CPI ,PPI of China is going to be xxxx.Dont fall in the trap of the big sellers. Go a head keep LONG upto 0.92.first target.or higher.
  • #32,838
  • Jul 8, 2013 10:08am Jul 8, 2013 10:08am
Quoting classtutor
I guess the AUD will come down sharply tomorrow,after CPI ,PPI data from China, probably back to 0.9 or even lower to 0.8950. See how much more the big seller wants to do in US market.So, long AUD as much as you like to 0.92. But be careful.CPI ,PPI of China is going to be xxxx.Dont fall in the trap of the big sellers. Go a head keep LONG upto 0.92.first target.or higher.
.... and what if the data will turn out to be good.....?
  • #32,839
  • Edited 10:44am Jul 8, 2013 10:24am | Edited 10:44am
Quoting tomersror
{quote} .... and what if the data will turn out to be good.....?
you are correct, but we all know that it is water content. So earn as much as you like now before the US close.
Take profit and go. Start a new page in Asia market!
  • #32,840
  • Jul 8, 2013 7:28pm Jul 8, 2013 7:28pm
Morning GUys... DB and ALien..

cold weather in Sydney... freezing..
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