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AUD/USD

  • #76,081
  • Apr 9, 2014 2:23pm Apr 9, 2014 2:23pm
FOMC
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Making Ordinary To Be Extraordinary .
  • #76,082
  • Apr 9, 2014 2:24pm Apr 9, 2014 2:24pm
Quoting geektrader
Just when everyone cries SHORT SHORT, or LONG LONG, you just do the opposite and it works almost always Always funny how easy that is
In the case of The Aussie maybe in the short term. But it looks like LONG LONG LONG in the long run.
  • #76,083
  • Apr 9, 2014 2:26pm Apr 9, 2014 2:26pm
Thatīs what I am doing, because everyone lately here is crying SHORT SHORT SHORT, so I go LONG LONG LONG
  • #76,084
  • Edited 2:48pm Apr 9, 2014 2:29pm | Edited 2:48pm
Quoting geektrader
Thatīs what I am doing, because everyone lately here is crying SHORT SHORT SHORT, so I go LONG LONG LONG
What are you longing the Aud/Usd ?
  • #76,085
  • Apr 9, 2014 3:18pm Apr 9, 2014 3:18pm
Quoting FX-Petra
I don't post much here anymore.... but here goes. Please be EXTREMELY careful with shorts. I was around for the run up to 1.10 a couple of years ago... and it was heartbreaking for many. Traders just could not believe that this pair could go up and up and up day after day. But it did go up and up, for months on end. Many accounts were crushed in its wake as traders tried to short the pair. For whatever reason, perhaps mistakenly, the market has decided that the worst is over and the risk trade is back on. Until something happens to change that perception,...
I agree with you. People tend to forget that the RBA still has a high interest rate compared to other central banks. Even with the country's economic problems, this for me is still reason enough to believe this pair is going up.

Medium term however, we are beginning to look stretched. So like I said I will look for shorts soon but I am still bullish before that happens.
  • #76,086
  • Apr 9, 2014 3:19pm Apr 9, 2014 3:19pm
Quoting irongoose
{quote} What are you longing the Aud/Usd ?
Because everyone is telling me to short it, so I buy it instead as it will go up, as the market always moves against what the masses believe, since banks will always press the retails out of the market to make some nice gains, pretty simple
  • #76,087
  • Apr 9, 2014 3:45pm Apr 9, 2014 3:45pm
Looking to short soon
triple bearish divergence forming on the 1H
  • #76,088
  • Apr 9, 2014 3:54pm Apr 9, 2014 3:54pm
Quoting geektrader
{quote} Because everyone is telling me to short it, so I buy it instead as it will go up, as the market always moves against what the masses believe, since banks will always press the retails out of the market to make some nice gains, pretty simple
Hope it works out for you tonight. Hope it works out for me to being I'm short the Eur/Aud. I should have taken my profits last night when I was up 40 pips but I decided to let it ride.
  • #76,089
  • Apr 9, 2014 4:25pm Apr 9, 2014 4:25pm
Hi every one , hope all are doing well , any body have any idea about aud/usd pull back ?
ALGO FX TRADING Return Today: na
  • #76,090
  • Apr 9, 2014 6:00pm Apr 9, 2014 6:00pm
Good evening everyone Crispy here.

Situation looks tricky at best for AU however with the conflicting news reports for AUD and the reaching of the resistance level on the 4H chart below I can assume that a break while possible might not be immediate.

That being said this might be a good opportunity to enter a short trade on an intra-day basis to capitalise on the bulls temporary weakness. Therefore I have placed a short position on the 9380 level with a tight stop above today's high.

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Good luck.
  • #76,091
  • Apr 9, 2014 6:09pm Apr 9, 2014 6:09pm
Small pull back is possible. Also, the unemployment rate is expected to be at or above 6.1%
  • #76,092
  • Edited 7:22pm Apr 9, 2014 7:12pm | Edited 7:22pm
  • #76,093
  • Edited 7:45pm Apr 9, 2014 7:15pm | Edited 7:45pm
Quoting Ken A
{quote} G/A and E/A kinda stall E/U is moving faster UP than A/U
Yeah ken... usd weeken.... EU n AU shooting up... reason for EA n GA stalling...Btw ken, looking at daily chart, do u think retrace is nearby?
Peace Yo!
  • #76,094
  • Apr 9, 2014 7:18pm Apr 9, 2014 7:18pm
Quoting CrispyFries
Good evening everyone Crispy here. Situation looks tricky at best for AU however with the conflicting news reports for AUD and the reaching of the resistance level on the 4H chart below I can assume that a break while possible might not be immediate. That being said this might be a good opportunity to enter a short trade on an intra-day basis to capitalise on the bulls temporary weakness. Therefore I have placed a short position on the 9380 level with a tight stop above today's high. {image} Good luck.
"Possible" HnS forming on the H1 chart which may show up on the H4 chart tomorrow..??
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Money Makes Money
  • #76,095
  • Apr 9, 2014 7:23pm Apr 9, 2014 7:23pm
Quoting irongoose
What do you guys think, do we have a head and shoulders on the daily? Eur/Aud {image}
Yes. But you may have missed the boat. It may be already completed. If not then the Aud/Usd is also only half way to it's target. Both look to be changing direction but this could be the start of ave 4s with wave 5 still to come..??
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Money Makes Money
  • #76,096
  • Apr 9, 2014 7:36pm Apr 9, 2014 7:36pm
Quoting KiwiOz
{quote} Yes. But you may have missed the boat. It may be already completed. If not then the Aud/Usd is also only half way to it's target. Both look to be changing direction but this could be the start of ave 4s with wave 5 still to come..?? {image}
A big retrace is nearby for AU perhaps...?
Peace Yo!
  • #76,097
  • Apr 9, 2014 7:51pm Apr 9, 2014 7:51pm
Will be tightening stops just before news release to minimizes any losses.
  • #76,098
  • Apr 9, 2014 8:03pm Apr 9, 2014 8:03pm
no bear candle for over 15 trading days
  • #76,099
  • Apr 9, 2014 8:12pm Apr 9, 2014 8:12pm
Quoting Halba
no bear candle for over 15 trading days
Sure has, 4 on the daily chart
When the facts change I change my mind, what do you do sir
  • #76,100
  • Apr 9, 2014 8:13pm Apr 9, 2014 8:13pm
All level broken are we heading towards 0.94xx or above
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