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AUD/USD

  • #90,901
  • Jun 28, 2015 7:28pm Jun 28, 2015 7:28pm
But wouldn't it be easier to sell and pickup 80 pips instead of enduring drawdown?

#0.76800 @ Vorex
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MAY THE TREND BE WITH YOU
  • #90,902
  • Jun 28, 2015 7:28pm Jun 28, 2015 7:28pm
Quoting Vorex
{quote} I bought last friday when it reached 0.7680, I bought again at 0.7650 and today I bought again ( with 1.5 lots at 0.7590 doing great so far ) What's the worst that gonna happen? AUD goes to 0.7500? lol I will buy again and keep holding it, only when it drops below 0.7300 that I will start to worry but I doubt we will go that low, the only way for the AUD now is UP UP and away.
I'm glad you have it covered!
Hope for the best, prepare for the worst.
  • #90,903
  • Jun 28, 2015 7:30pm Jun 28, 2015 7:30pm
Notice how when AUD fell below 0.7600 buyers came in?
It will take something big for AUD to go below 0.7600 and stay there for more than a week.
  • #90,904
  • Jun 28, 2015 7:37pm Jun 28, 2015 7:37pm
Quoting Erebus
But wouldn't it be easier to sell and pickup 80 pips instead of enduring drawdown? #0.76800 @ Vorex {image}
I don't feel comfortable selling AUD, I've noticed its difficult for AUD to drop at 0.7700 level and with Greek drama anything could happen so I find it more risky to short but with buying I feel really good and have no worry at all.
  • #90,905
  • Jun 28, 2015 9:26pm Jun 28, 2015 9:26pm
AUD is back to Friday levels as if nothing has happened yet EURO/USD still down about 150 pips.
This is why I buy AUD because it goes up for no reason.
  • #90,906
  • Jun 28, 2015 9:48pm Jun 28, 2015 9:48pm
high swap currency pair has less complicated mindset.
  • #90,907
  • Jun 29, 2015 12:39am Jun 29, 2015 12:39am
Quoting Gwan
high swap currency pair has less complicated mindset.
Shanghai Comp extends its declines to fall over 7.5% with the index now down 17% over the past 3-days

Of note, the index is now officially in bear market territory, having fallen 20% from its June 12th highs, while the PBoC’s decision over the weekend to cut interest rates for a 4th time in 7-months has failed to provide a sustained rally in the index.


WOW, and some people think it is a good idea to buy AUD ???????

MAY THE TREND BE WITH YOU
  • #90,908
  • Edited 1:22am Jun 29, 2015 1:10am | Edited 1:22am
Quoting Erebus
{quote} Shanghai Comp extends its declines to fall over 7.5% with the index now down 17% over the past 3-days Of note, the index is now officially in bear market territory, having fallen 20% from its June 12th highs, while the PBoCs decision over the weekend to cut interest rates for a 4th time in 7-months has failed to provide a sustained rally in the index. WOW, and some people think it is a good idea to buy AUD ???????
No point arguing about this, we're in a major decision zone. Don't count on fundamentals and expect ranging of ~600-1000 pips

Don't sell here unless we break under .74 or at least get back to near .78 or .81 - bad RR
  • #90,909
  • Jun 29, 2015 1:25am Jun 29, 2015 1:25am
Quoting Erebus
{quote} Shanghai Comp extends its declines to fall over 7.5% with the index now down 17% over the past 3-days Of note, the index is now officially in bear market territory, having fallen 20% from its June 12th highs, while the PBoCs decision over the weekend to cut interest rates for a 4th time in 7-months has failed to provide a sustained rally in the index. WOW, and some people think it is a good idea to buy AUD ???????
  • #90,910
  • Jun 29, 2015 2:34am Jun 29, 2015 2:34am
Quoting Erebus
{quote} Shanghai Comp extends its declines to fall over 7.5% with the index now down 17% over the past 3-days Of note, the index is now officially in bear market territory, having fallen 20% from its June 12th highs, while the PBoCs decision over the weekend to cut interest rates for a 4th time in 7-months has failed to provide a sustained rally in the index. WOW, and some people think it is a good idea to buy AUD ???????
At these levels AUD is a bargain and doesn't care about fundamental news.
There are lot of buyers coming in.
Had you bought at 0.7590 levels, and closed at 0.7690 that's 100 pips profit.
  • #90,911
  • Jun 29, 2015 8:10am Jun 29, 2015 8:10am
Been making higher lows all day. Could be a pop to the long awaited upside later tonight.http://invst.ly/9y5
  • #90,912
  • Jun 29, 2015 8:25am Jun 29, 2015 8:25am
Quoting mrfigure
Been making higher lows all day. Could be a pop to the long awaited upside later tonight.http://invst.ly/9y5
USD's about to pop up, be patient .762 is a better buy. In worst case scenario, better to be -40 pips (.762) than -80 pips (now)
  • #90,913
  • Jun 29, 2015 8:42am Jun 29, 2015 8:42am
Quoting alexpi
{quote} USD's about to pop up, be patient .762 is a better buy. In worst case scenario, better to be -40 pips (.762) than -80 pips (now)
Why, who is buying now ?
  • #90,914
  • Jun 29, 2015 8:43am Jun 29, 2015 8:43am
Quoting mrfigure
{quote} Why, who is buying now ?
All's well then
  • #90,915
  • Jun 29, 2015 8:44am Jun 29, 2015 8:44am
Quoting alexpi
{quote} USD's about to pop up, be patient .762 is a better buy. In worst case scenario, better to be -40 pips (.762) than -80 pips (now)
i agree. watch aj too.
  • #90,916
  • Jun 29, 2015 9:19am Jun 29, 2015 9:19am
Quoting Fx_Anil
AUDUSD is likely to extend beyond 0.7800 while a break of 0.7680 isn't expected to stop near 0.7590 region. {image}
Wrong again !!! - How many more attempts are you going to have ?

Take this last call of yours - Market didn't break 0.7800 instead it broke to the downside and stopped at 0.7590.

You're big problem is that your constantly late to the trade. You can draw as many pretty lines as you like
but if you can't read or feel market momentum through the price action of a currency and its related peers you haven't got a hope.
  • #90,917
  • Jun 29, 2015 9:26am Jun 29, 2015 9:26am
Quoting alexpi
{quote} USD's about to pop up, be patient .762 is a better buy. In worst case scenario, better to be -40 pips (.762) than -80 pips (now)
Id already cleaned up my daily profit from the .761 area earlier today
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  • #90,918
  • Edited 10:25am Jun 29, 2015 9:48am | Edited 10:25am
The next 4 hourly candle commencing 16:00 gmt will be one of interest for me, it may well dictate the long term uptrend or the continuance of downtrend.
Anyone got the feeling were heading for 77 ?
  • #90,919
  • Jun 29, 2015 12:51pm Jun 29, 2015 12:51pm
Thought it would, and whilst this is forex and anything can happen, il stick my neck out and say it's adios to 76
  • #90,920
  • Jun 29, 2015 2:18pm Jun 29, 2015 2:18pm
Quoting mrfigure
{quote} Id already cleaned up my daily profit from the .761 area earlier today {image}
Fair play! That sort of fast action isn't for me

Setting a buy limit at .7625 here
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