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AUD/USD

  • #86,061
  • Oct 29, 2014 7:40am Oct 29, 2014 7:40am
Quoting SkyrEk
Any short traders still around with the belief that AUD is overvalued? my current SL is 0.8900. No idea what FOMC might bring but i do hope it gives the USD a good bullish push!
Sorry to see you are in the danger zone. However, the news of FOMC is very obvious and everyone knows what it is. What we have to see is if the price just stays where it is or will go up.
  • #86,062
  • Oct 29, 2014 7:42am Oct 29, 2014 7:42am
any break above here is a prime longer term sell opportunity.
  • #86,063
  • Oct 29, 2014 7:42am Oct 29, 2014 7:42am
Quoting SkyrEk
.... my current SL is 0.8900...
Agree w. U on the long direction, however Despite that I don't know the timescale of your trading -
Your target is MUCH TOO MODEST...
Siddhartha G
  • #86,064
  • Oct 29, 2014 7:44am Oct 29, 2014 7:44am
Quoting scottik187
any break above here is a prime longer term sell opportunity.
If you want to sell wait until it reaches 0.90 or above.
  • #86,065
  • Oct 29, 2014 7:44am Oct 29, 2014 7:44am
Quoting scottik187
any break above here is a prime longer term sell opportunity.
Agreed - but only If you meant to start your shorts from 0.92 and higher (possibly 0.93 and higher)
Siddhartha G
  • #86,066
  • Oct 29, 2014 7:54am Oct 29, 2014 7:54am
Apropos - fomc announcement ...

With significant trouble brewing in the european economies - No-one in his right mind will dare to be clearly tightening.
Even if they do indeed mean to start monetary tightening - they will do it quietly while keeping rates about as low as now.

Again this is just an opinion, not a prophecy
Siddhartha G
  • #86,067
  • Oct 29, 2014 7:59am Oct 29, 2014 7:59am
Thanks for your views guys!

Hence i conclude, only traders whom are long are commenting. lol...

Seem like i am the only one short here uh?
  • #86,068
  • Oct 29, 2014 8:00am Oct 29, 2014 8:00am
Quoting Isingh
{quote} Agreed - but only If you meant to start your shorts from 0.92 and higher (possibly 0.93 and higher)
Yes, very true.
  • #86,069
  • Oct 29, 2014 8:11am Oct 29, 2014 8:11am
Quoting SkyrEk
Thanks for your views guys! Hence i conclude, only traders whom are long are commenting. lol... Seem like i am the only one short here uh?
I'm on the sidelines, this long will be short lived. It's past it's bed time.
  • #86,070
  • Oct 29, 2014 8:22am Oct 29, 2014 8:22am
Quoting SkyrEk
Any short traders still around with the belief that AUD is overvalued? my current SL is 0.8900. No idea what FOMC might bring but i do hope it gives the USD a good bullish push!
well.. looking at A/J.. i think A/J can still go a little bit further north.. maybe another 100pips or so..

shorting A/U right now is not a good idea..

A/U can retrace as high as 92..
  • #86,071
  • Oct 29, 2014 8:23am Oct 29, 2014 8:23am
Looking at the 1 min chart, you could see very clearly that as soon as we have a small dip buy orders are executed. This indicates a very high bull volume for now.
  • #86,072
  • Oct 29, 2014 8:25am Oct 29, 2014 8:25am
The next resistance 0.88976. I do not see any resistance above it on the daily chart. Come on baby you can do it.
  • #86,073
  • Oct 29, 2014 8:26am Oct 29, 2014 8:26am
kiwi is quite interesting..
  • #86,074
  • Oct 29, 2014 8:31am Oct 29, 2014 8:31am
Quoting HelloOz
kiwi is quite interesting..
Yeah just went long on its ass awhile back, took 5 pips n got out. I never do kiwi but the entry was tempting
  • #86,075
  • Oct 29, 2014 8:36am Oct 29, 2014 8:36am
Quoting fxtradeabi
{quote} Yeah just went long on its ass awhile back, took 5 pips n got out. I never do kiwi but the entry was tempting
NICE!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
  • #86,076
  • Oct 29, 2014 8:54am Oct 29, 2014 8:54am
Quoting HelloOz
{quote} NICE! {image}
Ton of resistance up there at 7959. I took a short now, bored to tears. E/U and everyone else is just choppy now till the FOMC

Edit: got out! holy crap I dunno where that came from.
  • #86,077
  • Oct 29, 2014 9:25am Oct 29, 2014 9:25am
What if?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily2.png Size: 44 KB
  • #86,078
  • Oct 29, 2014 9:27am Oct 29, 2014 9:27am
closed all longs. this pair fully priced in
  • #86,079
  • Oct 29, 2014 9:29am Oct 29, 2014 9:29am
Quoting SkyrEk
Any short traders still around with the belief that AUD is overvalued? my current SL is 0.8900. No idea what FOMC might bring but i do hope it gives the USD a good bullish push!
Yes. This is just normal ebb and flow. Trend is still unquestionably in favor of shorts.
  • #86,080
  • Oct 29, 2014 9:30am Oct 29, 2014 9:30am
Quoting zew
closed all longs. this pair fully priced in
Yes, finally 0.89. I am only 100 pips away from my Target. I am in from 0.87100
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