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AUD/USD

  • #74,881
  • Mar 24, 2014 12:41am Mar 24, 2014 12:41am
Quoting whackdiddy
{quote} Closed both longs, first slightly in the red, second with nice green to compensate the red. Will wait until UK session before re-entry. Yes old yella struck again (I got scared and think this might turn).
Very interesting start to the week. What otherwise would have been a very intuitive trade of risk-off on Chinese weakness price has just about gone right back as if no surprising Chinese bad data hit at all. Either way in terms of good news the market at these current levels have priced themselves out. I don't know what this market is waiting for. Bulls say price will climb higher but no credible explanation out there as to why the AUD should be priced at a sustained .9100+ level.

It could possibly be that the market has priced in a "bottom" of the bad news or is trying to right now. But there is a lot of faith on the bulls side right now. I would say the more and more this thing goes up, the more sensitive it becomes to bad data. But my perception could be wrong.
The coincidental success is more dangerous than the expected failure
  • #74,882
  • Mar 24, 2014 12:52am Mar 24, 2014 12:52am
Quoting Neqrotik
{quote} Very interesting start to the week. What otherwise would have been a very intuitive trade of risk-off on Chinese weakness price has just about gone right back as if no surprising Chinese bad data hit at all. Either way in terms of good news the market at these current levels have priced themselves out. I don't know what this market is waiting for. Bulls say price will climb higher but no credible explanation out there as to why the AUD should be priced at a sustained .9100+ level. It could possibly be that the market has priced in a "bottom"...
We are about to test that, this thing is struggling and the BB must be getting tight. Gut feel we are about to burst for a downward movement, I know this fly's in the face of what I have been pushing all morning but either I am schizo or delusional but something has changed in the past half hour.

I am entering short..
A genius is born every minute, me I am lucky if my socks match.
  • #74,883
  • Mar 24, 2014 1:00am Mar 24, 2014 1:00am
Quoting whackdiddy
{quote} We are about to test that, this thing is struggling and the BB must be getting tight. Gut feel we are about to burst for a downward movement, I know this fly's in the face of what I have been pushing all morning but either I am schizo or delusional but something has changed in the past half hour. I am entering short..
I left the door wide open then, I should of had about 20 replies saying delusional...
A genius is born every minute, me I am lucky if my socks match.
  • #74,884
  • Mar 24, 2014 1:02am Mar 24, 2014 1:02am
I'm long AU and short EA.
FF journal: Peaks and Troffs
  • #74,885
  • Mar 24, 2014 1:12am Mar 24, 2014 1:12am
Quoting whackdiddy
{quote} I left the door wide open then, I should of had about 20 replies saying delusional...
Yeah man. Its that instinct. To me this thing REEKS hesitation and weakness.
The coincidental success is more dangerous than the expected failure
  • #74,886
  • Mar 24, 2014 1:31am Mar 24, 2014 1:31am
Quoting Neqrotik
{quote} Yeah man. Its that instinct. To me this thing REEKS hesitation and weakness.
M15 is ichimoku is telling me we are about to drop to around the 0.90790 level.
A genius is born every minute, me I am lucky if my socks match.
  • #74,887
  • Mar 24, 2014 1:34am Mar 24, 2014 1:34am
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 44 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #74,888
  • Mar 24, 2014 1:43am Mar 24, 2014 1:43am
Quoting skyhok
{image}
i dont even think its going that high. I think its already hit its top @ 3/19/2014 peak. From a fib standpoint that is.
The coincidental success is more dangerous than the expected failure
  • #74,889
  • Mar 24, 2014 2:01am Mar 24, 2014 2:01am
Quoting Neqrotik
{quote} i dont even think its going that high. I think its already hit its top @ 3/19/2014 peak. From a fib standpoint that is.
Agreed,

USDZAR has dropped in a big way telling me we are gearing for some bad news from the USA.
If you want to see a perfect scalping chart have a look at the USDZAR M1. Mind you it is very dangerous to play the usdzar as it moves in 100's of pips / minute.

Yes I know they are already downplaying the news to prepare the market but I think it could go as low as 55.
A genius is born every minute, me I am lucky if my socks match.
  • #74,890
  • Mar 24, 2014 2:05am Mar 24, 2014 2:05am
Quoting whackdiddy
{quote} Agreed, USDZAR has dropped in a big way telling me we are gearing for some bad news from the USA. If you want to see a perfect scalping chart have a look at the USDZAR M1. Mind you it is very dangerous to play the usdzar as it moves in 100's of pips / minute. Yes I know they are already downplaying the news to prepare the market but I think it could go as low as 55.
What do you mean 55? the USD/ZAR pair?
The coincidental success is more dangerous than the expected failure
  • #74,891
  • Mar 24, 2014 2:35am Mar 24, 2014 2:35am
Quoting Neqrotik
{quote} What do you mean 55? the USD/ZAR pair?
Flash Manufacturing PMI news release could be as low as 55.
A genius is born every minute, me I am lucky if my socks match.
  • #74,892
  • Mar 24, 2014 2:37am Mar 24, 2014 2:37am
My long term 1 clip USDZAR has gone from -$400 to +$100 in under 2 hours. If bad news from US I could make my 10% day one of the week..
A genius is born every minute, me I am lucky if my socks match.
  • #74,893
  • Mar 24, 2014 2:56am Mar 24, 2014 2:56am
This whole idea of a rate increase in Aud IMO will be a big slaughter slogan. Gonna be a lot of beef on the street
The coincidental success is more dangerous than the expected failure
  • #74,894
  • Mar 24, 2014 3:06am Mar 24, 2014 3:06am
Another short taken @ 0.90963
A genius is born every minute, me I am lucky if my socks match.
  • #74,895
  • Mar 24, 2014 3:35am Mar 24, 2014 3:35am
Ditto. Short at 90995
  • #74,896
  • Mar 24, 2014 3:42am Mar 24, 2014 3:42am
Quite a pre news build on EUR prior to that announcement, cleaning out stops. You guys trade that?
  • #74,897
  • Mar 24, 2014 5:05am Mar 24, 2014 5:05am
Quoting whackdiddy
Another short taken @ 0.90963
Guys it always useful to know the SL and TP, the only reason being that some people here are trading intraday, others are longer term traders. Taking a trade at a certain price, without disclosing the risk is almost meaningless....
  • #74,898
  • Edited 1:31pm Mar 24, 2014 5:42am | Edited 1:31pm
Quoting oztrader79
{quote} Guys it always useful to know the SL and TP, the only reason being that some people here are trading intraday, others are longer term traders. Taking a trade at a certain price, without disclosing the risk is almost meaningless....
Good thinking...SO here y' go. Targets & SLs for short & longer term trades..........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdm30.png Size: 27 KB
Click to Enlarge Name: audusdh4.png Size: 33 KB
Money Makes Money
  • #74,899
  • Mar 24, 2014 5:46am Mar 24, 2014 5:46am
AUD/USD is forming another bearish move soon.
Take what the market gives you.
  • #74,900
  • Mar 24, 2014 5:55am Mar 24, 2014 5:55am
Quoting samgribbles
Quite a pre news build on EUR prior to that announcement, cleaning out stops. You guys trade that?
Yeah still in the two shorts, trading with large SL @0.91550
A genius is born every minute, me I am lucky if my socks match.
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