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AUD/USD

Quoting Lamira
2nd real time this week it couldnt break .928ish area... gonna fall down or crack it ? :-/
fall
Quoting Magix
{quote} That was the retrace, dude... Check it... {image}
Would like to see another crack at 9300 to place a short with a small SL. The first move was too quick for me.
Quoting Magix
{quote} NFP week dude... It's all the range... I'ma grid trader...I live for this shit! {image}
That is good for my EUR/AUD short if E/U 1.3650 holds.
Quoting Mr. Scott
{quote} Hi Magix, You are doing something very astute there with you chart. Would you mind elaborating?
Not really, Mr. Scott...

It is the basic laws of support and resistance. When support is broken, it gets tested as resistance. When resistance is broken, it gets tested as support.

The only thing that makes me look impressive, isn't simply watching the candles and having the ability to draw a straight line...it is actually knowing when to watch the candles...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting julia2011
{quote} fall
really. Im gonna sleep and see daily 38.2% soon...
Under 0.9255 (4hr open) will see a break of 0.9233
Quoting Ken A
{quote} That is good for my EUR/AUD short if E/U 1.3650 holds.
As long as ECB enacts further stimulus as the market believes, that level should definitely hold. I'm considering a long on AUD/NZD. That daily chart looks gorgeous.
Quoting RBlackburn
Under 0.9255 (4hr open) will see a break of 0.9233
0.9233 (Today's S1)
Quoting FXMasterSK
{quote} As long as ECB enacts further stimulus as the market believes, that level should definitely hold. I'm considering a long on AUD/NZD. That daily chart looks gorgeous.
AUD/NZD should be good from the falling dairy until something change
Quoting Ken A
{quote} AUD/NZD should be good from the falling diary until something change
So true!

And I'm loving that vacuum/gap caused by that spike getting starting to get filled. The more it falls the better price I can get in long at.
The Test!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
GDP beats expectation , traders go long , wait we want softer GDP , traders go short .
Get Rich or Die Tryin
Quoting hoom
GDP beats expectation , traders go long , wait we want softer GDP , traders go short .
this is called sucker move. What GDP? fuck the data, sell aussie on rallies.

check the monthly candles.
ignore wackos and psychos, including myself. But I can't add myself to iggy
Quoting hoom
GDP beats expectation , traders go long , wait we want softer GDP , traders go short .
the slowing Housing Sector has a much bigger impact than a little increase in GDP.
Quoting ffleo
{quote} this is called sucker move. What GDP? fuck the data, sell aussie on rallies. check the monthly candles.
Yup.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting ffleo
{quote} this is called sucker move. What GDP? fuck the data, sell aussie on rallies. check the monthly candles.
while Housing Data is going negative yes, its a nice opportunity to sell but the downside opportunity now is somehow capped, i think after 0.9230 is going for 0.93xx but one month target is 0.91 .
People overbought leading up to the news (Which wasn't that great either considering USD was already running strong with positive data)? So now kaboom? Doesn't seem like it will be testing that 929 resistance again anytime soon. Sold near that peak so I'm happy
GDP surprised me. Made a few pips on retrace, but if I had been patient would have made a lot more. But that GDP is as good as it gets this year. All downhill from here (long term trend). Sell the rallies.
Indeed a strong rejection at .93. Just look at the long tail.
The true fact is market doesn't care, risk mgt is important.
GDP surprised me. Waited til after release to trade. Made a few pips on the retrace. That's as good as GDP gets this year, hence the retrace. Markets are forward looking. Rest of year will be all down hill from now. Sell the rallies. Wish this sucker wasn't so expensive to sell with the negative carry or I would just hold a short position..
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