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AUD/USD

  • #75,621
  • Apr 1, 2014 7:28pm Apr 1, 2014 7:28pm
Quoting slow-trader
{quote} Really? I got a good signal to sell NZD early this morning (opening London)! in at .8685. This could have legs ... before upward movement continues ... But NZD hasn't liked .868x and above the past few days. Short for lower .85xx's (maybe more) {image}

Stop at .8680 (+5). Looking for mid to low .85's. Will close if we look like we are going to bounce on the 15 or 30m chart.
  • #75,622
  • Apr 1, 2014 7:32pm Apr 1, 2014 7:32pm
WOW those numbers ought to give that 9220 support level a test!
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All posts are my personal opinion
  • #75,623
  • Apr 1, 2014 7:36pm Apr 1, 2014 7:36pm
Quoting KiwiOz
{quote} A double top has formed at the 0.93 target & now a retrace to 0.9170 is in motion. 0.9135 is possible. {image}
I am short but that is not a double top as separated by only one daily candle in the middle. You need 6 or 7 candles separation between daily double top to have any meaning.

If you scalp on h4 time frame for a few pips that is another story
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #75,624
  • Apr 1, 2014 7:39pm Apr 1, 2014 7:39pm
Quoting ffleo
{quote} I am short but that is not a double top as separated by only one daily candle in the middle. You need 6 or 7 candles separation between daily double top to have any meaning
So what makes you think of that?what is ur tp/sl
  • #75,625
  • Apr 1, 2014 7:46pm Apr 1, 2014 7:46pm
I'm short after the news.

SL 0.92505
TP1 0.92195
TP2 0.92125
...
...

good luck guys !!
  • #75,626
  • Apr 1, 2014 7:56pm Apr 1, 2014 7:56pm
I took double short, 1 H before the news.

Lets see, whether it hits my TP or SL, happy trading all..
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  • #75,627
  • Apr 1, 2014 8:11pm Apr 1, 2014 8:11pm
AUD Building approvals numbers are extremely awful. This pair looks bearish too. We might see lower levels if .921 gives way.
The true fact is market doesn't care, risk mgt is important.
  • #75,628
  • Apr 1, 2014 8:16pm Apr 1, 2014 8:16pm
Quoting KiwiOz
{quote} A double top has formed at the 0.93 target & now a retrace to 0.9170 is in motion. 0.9135 is possible. {image}
Working to perfection so far & check out the divergence......... Double top & double divergence.. What more could you ask for.??
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Money Makes Money
  • #75,629
  • Apr 1, 2014 8:31pm Apr 1, 2014 8:31pm
.9180

We may see .9100 if US NFP is better than expectation.
  • #75,630
  • Apr 1, 2014 8:38pm Apr 1, 2014 8:38pm
AUD/JPY is real stubborn to fall >_<
  • #75,631
  • Apr 1, 2014 10:35pm Apr 1, 2014 10:35pm
Quoting Care forex
AUD/JPY is real stubborn to fall >_<
Why should it? AUD is doing great right now as a currency and vise versa for JPY. NZDJPY AND AUDJPY are probably the worst possible shorts right now.
All posts are my personal opinion
  • #75,632
  • Apr 1, 2014 10:39pm Apr 1, 2014 10:39pm
Quoting Rtm
{quote} Why should it? AUD is doing great right now as a currency and vise versa for JPY. NZDJPY AND AUDJPY are probably the worst possible shorts right now.
Perhaps. Long then
  • #75,633
  • Apr 1, 2014 10:46pm Apr 1, 2014 10:46pm
Quoting KiwiOz
{quote} Working to perfection so far & check out the divergence......... Double top & double divergence.. What more could you ask for.?? {image}
Still working? Where do you set ur sl?
  • #75,634
  • Apr 1, 2014 10:49pm Apr 1, 2014 10:49pm
Quoting Care forex
{quote} Perhaps. Long then
Yeah if you can trade continuations or pullbacks then I would advise this however tricky for me esp continuations. Dont want to fight the sentiment here as you will likely just sit in a trade for longer than you want and wont get any swap and be more likely to lose anyways.
All posts are my personal opinion
  • #75,635
  • Apr 1, 2014 11:28pm Apr 1, 2014 11:28pm
Quoting Care forex
{quote} Perhaps. Long then
I am watching EUR/AUD, whilst monitoring AUD/USD to see if AUD has bottomed out. The market MAY soon start to price in a lower EUR depending on overall expectations re EUR-related events in 36 hours or so. Technically, a SELL signal hasn't materialized yet. In fact, there is probably room for a small LONG position.

In terms of a SELL (which to me offers much more pippage) I think would need to wait till cleared the Aussie event risk. I don't think the market will care what Glenn Stevens has to say (in about 24 hrs) as much as they did yesterday. But, trade balance and retail sales are a tad murky.

This is my take anyway.
  • #75,636
  • Apr 1, 2014 11:36pm Apr 1, 2014 11:36pm
Quoting tatopermanen
{quote} Still working? Where do you set ur sl?
SL presently at 0.9260. I always set a SL for the Aud/Usd at around 50 pips. Originally entered at 0.9270 With SL at 0.9320
Money Makes Money
  • #75,637
  • Apr 1, 2014 11:36pm Apr 1, 2014 11:36pm
Quoting Didgeridoo
{quote} I am watching EUR/AUD, whilst monitoring AUD/USD to see if AUD has bottomed out. The market MAY soon start to price in a lower EUR depending on overall expectations re EUR-related events in 36 hours or so. Technically, a SELL signal hasn't materialized yet. In fact, there is probably room for a small LONG position. In terms of a SELL (which to me offers much more pippage) I think would need to wait till cleared the Aussie event risk. I don't think the market will care what Glenn Stevens has to say (in about 24 hrs) as much as they did yesterday....
Personally i see AUD will go lower. No rate hikes for sure. But with the situation is brutal, real brutal. I have AJ short too. And yen has been truly weak lately. Testing my patients seriously!
  • #75,638
  • Apr 1, 2014 11:43pm Apr 1, 2014 11:43pm
added more shorts at 0.9235
  • #75,639
  • Apr 1, 2014 11:56pm Apr 1, 2014 11:56pm
Quoting Care forex
{quote} Personally i see AUD will go lower. No rate hikes for sure. But with the situation is brutal, real brutal. I have AJ short too. And yen has been truly weak lately. Testing my patients seriously!
Yeah, AUD probably isn't go to rise any time soon. My angle is that it has less space to move down relative to EUR.

As for your frustration, market conditions suck right now. There may be trends and all, but volume is such (low) that price moves erratically. And thereby deceptively. I'm not looking to enter unless I see sufficient market interest (ie rise in trading volumes) for a more palatable entry.

Hope you are ok, care-forex.
  • #75,640
  • Apr 2, 2014 12:13am Apr 2, 2014 12:13am
I think, it's on small ranging area (0.924xx - 0.922xx) , waiting for some big issues to move...
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