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AUD/USD

  • #71,761
  • Jan 21, 2014 7:26pm Jan 21, 2014 7:26pm
You got it

RBNZ will probably cut rate earlier than RBA
  • #71,762
  • Jan 21, 2014 7:27pm Jan 21, 2014 7:27pm
Quoting okanemici
This news came out to create the pullbacks ! Now it is perfect time to long euraud 1.5305 and short audusd 0.8865 for 200-300 pips !
it seems like AUD/USD found its resistance at 0.8870 area.
  • #71,763
  • Jan 21, 2014 7:27pm Jan 21, 2014 7:27pm
Should read this

http://www.businessinsider.com.au/in...meeting-2014-1

sidenote: "It’s the other side of the lower dollar coin. A print this high and so far above expectations coupled with the obvious trend higher in the quarterly results that is now in evidence is likely to change the tone of discussions around the table at the next RBA Board meeting."
When the Joker is in the deck.. fear not and play it well
  • #71,764
  • Jan 21, 2014 7:28pm Jan 21, 2014 7:28pm
Quoting 2301041124
{quote} it seems like AUD/USD found its resistance at 0.8870 area.
Yes it has.You are not short yet ?
  • #71,765
  • Jan 21, 2014 7:32pm Jan 21, 2014 7:32pm
Quoting okanemici
{quote} Yes it has.You are not short yet ?
Enter short for a small size. LOL!
  • #71,766
  • Jan 21, 2014 7:37pm Jan 21, 2014 7:37pm
Who has the link for the thomson reuters platform that releases news faster than forex factory
  • #71,767
  • Jan 21, 2014 7:41pm Jan 21, 2014 7:41pm
well at this point it's dead so probably some consolidation period until the hourly MAs get closer, but worth at least attempting a (very small) short, i might do it in AC instead of AU, AC looks like a disaster longer term, it needs more consolidation before deciding on direction
  • #71,768
  • Jan 21, 2014 7:45pm Jan 21, 2014 7:45pm
for shorters around these levels , be aware as lot of sellers jumping in like that is the best opportunity for market to hunt them . major sellers around 8875/80 with stops above 8885
Get Rich or Die Tryin
  • #71,769
  • Jan 21, 2014 7:46pm Jan 21, 2014 7:46pm
Quoting hoom
for shorters around these levels , be aware as lot of sellers jumping in like that is the best opportunity for market to hunt them . major sellers around 8875/80 with stops above 8885
got it, ok so forget it, it's quiet anyway, coul still do AC though, unless 9750 is gonna get hunted there too ? i just have a hard time seeing 9750 before 9700, it's been so volatile, the biggest stops in AU are still lower though. i do see this 8885 that you mentioned, so maybe something like an 8825-887x range until the higher stops print and then lower, who knows, we'll have to see. given that info i probably would expect some centrality around 8850 over london with some dip below and above. anyway, i'm off for now
  • #71,770
  • Jan 21, 2014 7:50pm Jan 21, 2014 7:50pm
Quoting eurusd_trade
{quote} got it, ok so forget it, it's quiet anyway, coul still do AC though, unless 9750 is gonna get hunted there too ? i just have a hard time seeing 9750 before 9700, it's been so volatile, the biggest stops in AU are still lower though. i do see this 8885 that you mentioned
I don't have any tips about AC levels , sorry.

edit : you keep editing your post , good analysis though . Good luck .
Get Rich or Die Tryin
  • #71,771
  • Jan 21, 2014 7:54pm Jan 21, 2014 7:54pm
Quoting hoom
for shorters around these levels , be aware as lot of sellers jumping in like that is the best opportunity for market to hunt them .
I'm not sure where the sellers where "jumping in. It seemed there where a few buyers around .8800
Please clarify.

Quoting hoom
major sellers around 8875/80 with stops above 8885
If that is true how do you know it and why should it be true ??
When the Joker is in the deck.. fear not and play it well
  • #71,772
  • Jan 21, 2014 7:55pm Jan 21, 2014 7:55pm
Quoting eurusd_trade
{quote} got it, ok so forget it, it's quiet anyway, coul still do AC though, unless 9750 is gonna get hunted there too ?
for me if 97106 holds here we could be in store for higher
  • #71,773
  • Jan 21, 2014 7:57pm Jan 21, 2014 7:57pm
Quoting EmeraldEyes
The Australian economy can't handle a strong $A. Today's data confirms that the RBA does not need to further rate cuts in the near-term as their inflationary goals of 2-3% (2.6% as of today) have been met. RBA Gov. Stevens has stated the bank does not want to cut rates further but rather use other means to devalue their currency. Market analysts still see another RBA cut in Q2 this year, despite today's good inflationary data. Bearish sentiment remain on the $A.
BULL

Sheet... If I was still trading short term I'd go long just for fun, because there are way too many retail traders going short.

The Australian economy can handle a strong AUD. The contrary is a myth.
  • #71,774
  • Jan 21, 2014 7:59pm Jan 21, 2014 7:59pm
Quoting okanemici
This news came out to create the pullbacks ! Now it is perfect time to long euraud 1.5305 and short audusd 0.8865 for 200-300 pips !
+ 1
  • #71,775
  • Jan 21, 2014 8:02pm Jan 21, 2014 8:02pm
Quoting Slim Buffett
{quote} I'm not sure where the sellers where "jumping in. It seemed there where a few buyers around .8800 Please clarify. {quote} If that is true how do you know it and why should it be true ??
If I say something , it's not to be taken for granted , as for your second question , I got my sources and I post informations here as no one do.
Get Rich or Die Tryin
  • #71,776
  • Edited 8:53pm Jan 21, 2014 8:03pm | Edited 8:53pm
cleanup
Get Rich or Die Tryin
  • #71,777
  • Jan 21, 2014 8:06pm Jan 21, 2014 8:06pm
Quoting BiliPiton
{quote} Tnx for reply. I am long from 0.8830... would like to go short from 0.89? Is this possible scenario? Or should I take profits now... not clever enough
Here's a chart (which actually has a lot of junk on it that doesn't need to be there).
You can see that it's rather "bullish" at this point. You can see where you could have
went long (or short). Just study your chart/method.......

However, you can really only study the chart, determine your S/R or buy/sell areas and
make your best decision.
And you can't simply say "I would like to go short from .89
You need a reason to do so.......
Attached Image (click to enlarge)
Click to Enlarge Name: chart.png Size: 41 KB
When the Joker is in the deck.. fear not and play it well
  • #71,778
  • Jan 21, 2014 8:08pm Jan 21, 2014 8:08pm
i will short au any high......
  • #71,779
  • Jan 21, 2014 8:13pm Jan 21, 2014 8:13pm
Quoting duck.forex
i will short au any high......

So it's at a high

Short it RIGHT NOW !
When the Joker is in the deck.. fear not and play it well
  • #71,780
  • Jan 21, 2014 8:14pm Jan 21, 2014 8:14pm
probably it was only a retest of a broken daily TL from below... but a nice one
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD.PNG Size: 36 KB
Click to Enlarge Name: AUDUSD1h.PNG Size: 30 KB
just do it
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