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AUD/USD

  • #77,121
  • May 6, 2014 11:08pm May 6, 2014 11:08pm
Hi bro Barca,
Agree with you ... AUD is going up to the sky soon
  • #77,122
  • May 6, 2014 11:32pm May 6, 2014 11:32pm
How much risk tolerance carry traders have is the question now IMO. Also usd is most likely to flex but jpy might be the winner in the upcoming exchanges. Interesting times.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #77,123
  • May 7, 2014 12:08am May 7, 2014 12:08am
Hi Guys,

Daily Analysis,

AU on uptrend, retracement at .0310/15, swing buy with TP1 .9400/05, TP2 .9425/30, TP3 .9485/90 IF Breakout sell with TP1 .9265/70, TP2 .9230/35, TP3 .9190/95.

Good luck
  • #77,124
  • May 7, 2014 1:36am May 7, 2014 1:36am
Good morning all. I am currently trading AUD/USD as the rest of you. I have noticed that since asia open A/U has come very close to touching the main daily pivot .9329 missing it by several pips. On the 15m chart AU is still on a downtrend. Should AU close above .93454 on the 15m chart, then expect a run up of 2 pivot levels which would leave us at .9388

So until AU closes above the aforementioned .93454 I would hold the sell position, and not buy at all.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #77,125
  • May 7, 2014 1:38am May 7, 2014 1:38am
On the 1h A/U is a buy but if the price closes under .93362 THEN I would enter a big time short riding A/U to .93095
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #77,126
  • May 7, 2014 1:39am May 7, 2014 1:39am
Quoting ScalpLikeMe
Good morning all. I am currently trading AUD/USD as the rest of you. I have noticed that since asia open A/U has come very close to touching the main daily pivot .9329 missing it by several pips. On the 15m chart AU is still on a downtrend. Should AU close above .93454 on the 15m chart, then expect a run up of 2 pivot levels which would leave us at .9388 So until AU closes above the aforementioned .93454 I would hold the sell position, and not buy at all.
A genius is born every minute, me I am lucky if my socks match.
  • #77,127
  • May 7, 2014 1:40am May 7, 2014 1:40am
AU testing the price given a few miNS AGO OF .93454... rEMEMBER If we get a close across that price on the 5m then it would be a nice buy from here on out!
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #77,128
  • May 7, 2014 1:47am May 7, 2014 1:47am
Quoting ScalpLikeMe
AU testing the price given a few miNS AGO OF .93454... rEMEMBER If we get a close across that price on the 5m then it would be a nice buy from here on out!
I have the resistance a little higher but close.. 093465 but all my indicators are seeing a small bear forming on the M15.
A genius is born every minute, me I am lucky if my socks match.
  • #77,129
  • May 7, 2014 1:50am May 7, 2014 1:50am
Entered long for a scalp
A genius is born every minute, me I am lucky if my socks match.
  • #77,130
  • May 7, 2014 5:22am May 7, 2014 5:22am
closed short, waiting for another entry point for short.
1 long in play
A genius is born every minute, me I am lucky if my socks match.
  • #77,131
  • May 7, 2014 7:36am May 7, 2014 7:36am
AUDUSD following descending trend channel, wish to see 0.9300 back.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 32 KB
  • #77,132
  • May 7, 2014 8:26am May 7, 2014 8:26am
Quoting Fx_Anil
AUDUSD following descending trend channel, wish to see 0.9300 back. {image}
Yes it is following the downward channel, yet the reversal can come at anytime. So far we have reached the main pivot which was mentioned earlier. Now lets see what happens at the end of the hour once Yellen begins to speak. Do recall that over 90% of the times News events changes the direction of the currency in the short term. So being that A/U is a sell on 1m,5m,15m,30m, and even on 1h, The speech could give us a sharp u-turn.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #77,133
  • May 7, 2014 8:30am May 7, 2014 8:30am
Quoting ScalpLikeMe
{quote} Yes it is following the downward channel, yet the reversal can come at anytime. So far we have reached the main pivot which was mentioned earlier. Now lets see what happens at the end of the hour once Yellen begins to speak. Do recall that over 90% of the times News events changes the direction of the currency in the short term. So being that A/U is a sell on 1m,5m,15m,30m, and even on 1h, The speech could give us a sharp u-turn.
Really acceptable points raised...... Moreover, nature of Janet supports that she will maintain her dovish tone which can provide weakness to USD.
  • #77,134
  • May 7, 2014 8:42am May 7, 2014 8:42am
Quoting Fx_Anil
{quote} Really acceptable points raised...... Moreover, nature of Janet supports that she will maintain her dovish tone which can provide weakness to USD.
Over long term you may be correct, yet the market reacts much more aggressively in the short term. Which will give traders like yourself an opportunity to play the trend by selling at a higher price. From yesterday's spike up we have seen a nice pull back, but as news events change trends in the short term, we should see a nice move up before a move down. I would say 2 pivot levels up before 2 pivot levels down. We are currently trading at A/U main pivot.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #77,135
  • May 7, 2014 8:45am May 7, 2014 8:45am
Once this news event is over, I'll share something with all of you AUD/USD traders. I am pretty sure it will help almost all of the position traders make accurate long term trades. Since making the switch to AUD/USD I've noticed that she has very nice extensions and reversals on the 15m time frame.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #77,136
  • May 7, 2014 9:32am May 7, 2014 9:32am
Added a Long @ 9321. Looking for 9425-9450 area. May take a few days.

Regards,
  • #77,137
  • May 7, 2014 9:43am May 7, 2014 9:43am
Quoting FX-Petra
Added a Long @ 9321. Looking for 9425-9450 area. May take a few days. Regards,


Here is my long. I longed right before the news at the main pivot. I would like to see the same price you mentioned but today.
Attached Image (click to enlarge)
Click to Enlarge Name: au.PNG Size: 209 KB
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #77,138
  • May 7, 2014 9:45am May 7, 2014 9:45am
Quoting FX-Petra
Added a Long @ 9321. Looking for 9425-9450 area. May take a few days. Regards,
I agree with you on the target. I agree with it taking a bit too.

(long at 335 here also and I'm not afraid to add to it in the event of a pullback beyond entry..)

360 - 370 looks as it could be a sticky area to move north through.

Nice entry on yours Petra...
"Holy Grail" exists - accepting where is the first step.
  • #77,139
  • May 7, 2014 9:45am May 7, 2014 9:45am
Quoting Fx_Anil
AUDUSD following descending trend channel, wish to see 0.9300 back. {image}
looks like a bull flag to me..
  • #77,140
  • May 7, 2014 10:08am May 7, 2014 10:08am
Whent long at .9340 target .9400 first them w'll see.
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