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AUD/USD

  • #90,921
  • Jun 29, 2015 4:24pm Jun 29, 2015 4:24pm
Quoting alexpi
{quote} Fair play! That sort of fast action isn't for me Setting a buy limit at .7625 here
Thats safe Alex but I'm not sure price is going to visit there again, if it does, it breaks a lot of todays structure and would make the pair vulnerable to further decline. The up down behaviour over the last days / weeks, i wouldn't be surprised to see this weeks price candle completely engulf last weeks bear candle. If that happens, i will without doubt be long from the commencing week.
  • #90,922
  • Jun 29, 2015 8:36pm Jun 29, 2015 8:36pm
Long 7661 £2 per pip
  • #90,923
  • Jun 29, 2015 8:47pm Jun 29, 2015 8:47pm
Quoting mrfigure
Long 7661 2 per pip
i dun dare to long cos' it'still a downtrend.
  • #90,924
  • Jun 29, 2015 8:50pm Jun 29, 2015 8:50pm
Watch the price action though Blue, theres plenty of strength in it, still making higher highs and higher lows on the 15. Im in favour of seeing 7750 today.
  • #90,925
  • Jun 29, 2015 9:47pm Jun 29, 2015 9:47pm
Quoting mrfigure
Watch the price action though Blue, theres plenty of strength in it, still making higher highs and higher lows on the 15. Im in favour of seeing 7750 today.
i put a limit order at 7745, waiting to be filled.
  • #90,926
  • Jun 29, 2015 10:49pm Jun 29, 2015 10:49pm
Quoting Balmain Boy
{quote} 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.
Fair go, Anil's view was of 24 June, pre Greece leaving the negotiating table. I'm sure he adjusts his view with changes in news and price action
  • #90,927
  • Jun 30, 2015 12:25am Jun 30, 2015 12:25am
Quoting mrfigure
{quote} Thats safe Alex but I'm not sure price is going to visit there again, if it does, it breaks a lot of todays structure and would make the pair vulnerable to further decline. The up down behaviour over the last days / weeks, i wouldn't be surprised to see this weeks price candle completely engulf last weeks bear candle. If that happens, i will without doubt be long from the commencing week.
I don't really care if it goes back to visit or not. That's the only place I would buy - not interested in chasing the bottom or the market, but if I see a bottom I will take the zone that forms it.

Got 6 other positions open anyway
  • #90,928
  • Jun 30, 2015 1:05am Jun 30, 2015 1:05am
Quoting alexpi
{quote} I don't really care if it goes back to visit or not. That's the only place I would buy - not interested in chasing the bottom or the market, but if I see a bottom I will take the zone that forms it. Got 6 other positions open anyway
But if you realistically think price could go back to .7625 then shouldn't you close some of your open positions at current levels to lock in profit in the meantime (or did you have other positions where you've already done that?) ie have some positions for short term gain, some for medium term and some for long term is how I often structure things to account for different market conditions (ranging vs decisive moves)
Hope for the best, prepare for the worst.
  • #90,929
  • Jun 30, 2015 1:44am Jun 30, 2015 1:44am
Quoting dab
{quote} But if you realistically think price could go back to .7625 then shouldn't you close some of your open positions at current levels to lock in profit in the meantime (or did you have other positions where you've already done that?) ie have some positions for short term gain, some for medium term and some for long term is how I often structure things to account for different market conditions (ranging vs decisive moves)
Not on AUDUSD

But yes, though I only have short-term (0-5 days) and mid-term (2-3 weeks) positions for now. My account balance isn't large enough to support long-term positions
  • #90,930
  • Jun 30, 2015 2:36am Jun 30, 2015 2:36am
Quoting alexpi
{quote} Not on AUDUSD But yes, though I only have short-term (0-5 days) and mid-term (2-3 weeks) positions for now. My account balance isn't large enough to support long-term positions
First part of your comment (particularly combined with the account balance comment) confuses me. I'm guessing you are super confident that AUDUSD is medium term going up. Fair enough. If account balance is an issue though than why tie up margin in an order to open for a position you don't expect filled? If you do expect it filled than why not take profit in an existing short term position so that you can go harder when price gets to 7625?

End of day it doesn't need to make sense to me and I hope that you make good profit from your positions.
Hope for the best, prepare for the worst.
  • #90,931
  • Jun 30, 2015 2:50am Jun 30, 2015 2:50am
Quoting dab
{quote} First part of your comment (particularly combined with the account balance comment) confuses me. I'm guessing you are super confident that AUDUSD is medium term going up. Fair enough. If account balance is an issue though than why tie up margin in an order to open for a position you don't expect filled? If you do expect it filled than why not take profit in an existing short term position so that you can go harder when price gets to 7625? End of day it doesn't need to make sense to me and I hope that you make good profit from your positions....
I meant that my open positions aren't on AUDUSD, sorry for not being clear and confusing you this early in the morning (or is it late in the evening in Australia? )
  • #90,932
  • Jun 30, 2015 2:55am Jun 30, 2015 2:55am
Quoting alexpi
{quote} I meant that my open positions aren't on AUDUSD, sorry for not being clear and confusing you this early in the morning (or is it late in the evening in Australia? )
the simple explanations are often the easiest!

It is early evening at present.
Hope for the best, prepare for the worst.
  • #90,933
  • Jun 30, 2015 3:02am Jun 30, 2015 3:02am
Quoting dab
{quote} the simple explanations are often the easiest! It is early evening at present.
If there is a failure to understand it is the fault of the speaker

Here's my long-term view since you sort of asked
http://www.forexfactory.com/showthre...66#post8345666
  • #90,934
  • Jun 30, 2015 3:35am Jun 30, 2015 3:35am
Glenn Stevens will be delivering a speech in five minutes. Let's see how AUD reacts then.
  • #90,935
  • Edited 6:15am Jun 30, 2015 5:55am | Edited 6:15am
FONTERRA AUSTRALIA ANNOUNCES FARMGATE MILK PRICE AND FORECAST CLOSING RANGE FOR SEASON 2015/16
http://www.fonterra.com/global/en/hu...+season+201516

Greek crisis leads to spike in travellers buying euros for holidays
http://www.smh.com.au/business/aviat...30-gi1bdf.html
  • #90,936
  • Jun 30, 2015 7:11am Jun 30, 2015 7:11am
Quoting roger44
FONTERRA AUSTRALIA ANNOUNCES FARMGATE MILK PRICE AND FORECAST CLOSING RANGE FOR SEASON 2015/16 http://www.fonterra.com/global/en/hu...+season+201516...
Thank you for sharing.
  • #90,937
  • Jun 30, 2015 8:54am Jun 30, 2015 8:54am
Should hit the 127 fib extension from the low on June 28 of 7587, which comes in at 7745 area. Take profit there and buy back in on fall back
  • #90,938
  • Jun 30, 2015 9:05am Jun 30, 2015 9:05am
Quoting mrfigure
Should hit the 127 fib extension from the low on June 28 of 7587, which comes in at 7745 area. Take profit there and buy back in on fall back
probably wait for tmr morning.
  • #90,939
  • Edited 10:43am Jun 30, 2015 10:09am | Edited 10:43am
Taking a long at .7688 because the .7684 departure broke the 4H TL with an OHLC candle above it on the 1H. This is a half-assed zone since there was a lot of trading on the left but the RR is good so I'll try it. Leaving my lower limit since I'm not sure this will hold (not even 50%)

Edit: On second though - nah. Out with +7 pips - I'll keep to my initial plan and not trade actively before the Greek referendum has passed. If my bottom gets triggered - it gets triggered. Otherwise passing. All the best everyone, see you in 5 days
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  • #90,940
  • Jun 30, 2015 11:11am Jun 30, 2015 11:11am
While its in a run of making higher highs and higher lows, il remain long.
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