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AUD/USD

  • #91,101
  • Jul 7, 2015 4:03pm Jul 7, 2015 4:03pm
Quoting RideTheWave
FXCM retail sentiment shows 77% of positions are LONG on AUDUSD: Im not sure how many out the 200,000 retail accounts are involved, but FXCM is one of the largest in the world. Every 1 Short there is 3.3 long This is very very bearish. Im comfortable trusting a 60/40 ratio. Usually. AUDUSD is so bearish. Fundamentally. Technical Patterns. Momentum. Sentiment. that Im a bit nervous that it could be very bullish. Im short pretty heavy (trade ex shows only a day, but Iv been in and out a week+) Be careful going long. As its a screaming sell with a...
In addition to the fact that retail sentiment is heavily long AUD/USD, it's worth noting that the trading crowd has grown further net-long from yesterday and last week. Long positions are 4.8% higher than yesterday and 31.2% above levels seen last week. Short positions are 2.0% lower than yesterday and 14.5% below levels seen last week.

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The Speculative Sentiment Index (SSI) is a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the AUDUSD may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.
  • #91,102
  • Jul 7, 2015 7:08pm Jul 7, 2015 7:08pm
hmmm im thinking more south
.735?
  • #91,103
  • Jul 7, 2015 8:32pm Jul 7, 2015 8:32pm
Quoting raiders
hmmm im thinking more south .735?
IF you are bearish, you should have already sold the Daily Pivot at 0.7450 or below it, what are you waiting for?

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It takes a lot for me to IGNORE you, but you can try.
  • #91,104
  • Jul 7, 2015 8:37pm Jul 7, 2015 8:37pm
I've been selling this bad boy since last week when everybody was buying and talking about risk return. I just keep reloading and stacking more each day �� seems like it's me and you against the world lol
  • #91,105
  • Jul 7, 2015 9:06pm Jul 7, 2015 9:06pm
Quoting RideTheWave
FXCM retail sentiment shows 77% of positions are LONG on AUDUSD: Im not sure how many out the 200,000 retail accounts are involved, but FXCM is one of the largest in the world. Every 1 Short there is 3.3 long This is very very bearish. Im comfortable trusting a 60/40 ratio. Usually. AUDUSD is so bearish. Fundamentally. Technical Patterns. Momentum. Sentiment. that Im a bit nervous that it could be very bullish. Im short pretty heavy (trade ex shows only a day, but Iv been in and out a week+) Be careful going long. As its a screaming sell with a...
AUD USD looks like a good long trade. It doesnt matter how retail traders are positioned. They trade with 20 pip stops and they are all going to get stopped out before the big boys take off. (In my humble opinion)
  • #91,106
  • Jul 7, 2015 9:48pm Jul 7, 2015 9:48pm
4hr candle looks very bearish now. The downside will probably resume. We will see

However, strong buying between .7390 -. 74 could be a temporary support for the pair now.

Hence, there are still possibilities of short squeezes.
  • #91,107
  • Jul 7, 2015 10:15pm Jul 7, 2015 10:15pm
Quoting Erebus
{quote} IF you are bearish, you should have already sold the Daily Pivot at 0.7450 or below it, what are you waiting for? {image}
FAILED
lol this is demo account you forgot to wash the title.... do this in real account and i will
  • #91,108
  • Jul 7, 2015 10:51pm Jul 7, 2015 10:51pm
The risk to up is worth better than risk to downside

Buy long and keep it until 10% .taking profit 0.8200
  • #91,109
  • Jul 7, 2015 11:01pm Jul 7, 2015 11:01pm
Quoting johnjakarta
The risk to up is worth better than risk to downside Buy long and keep it until 10% .taking profit 0.8200
I will agree with you. Risk reward here is good.

Good trading day!
  • #91,110
  • Jul 7, 2015 11:21pm Jul 7, 2015 11:21pm
be careful shorters. china may come to the rescue of the aussie now. china will start buying all the necessary commodities including iron ore, nickel, copper which in turn will boost aussie. they have done a wise thing by halting the markets
  • #91,111
  • Jul 7, 2015 11:22pm Jul 7, 2015 11:22pm
Quoting SkyrEk
{quote} Happening now, short squeezes comes swiftly and we are approaching opening levels all over again.
short squeeze may not come. but some support may come in here. today's low has to hold
  • #91,112
  • Jul 7, 2015 11:24pm Jul 7, 2015 11:24pm
Risk and reward . It is very worth to buy long up. Long audusd and get positive swap
Do not listen to news.
All the big guy like goldman sach is making money when you loss
So they create news to make you loss
  • #91,113
  • Jul 7, 2015 11:29pm Jul 7, 2015 11:29pm
Quoting amikaking
open second hedge here from round number 0.7400 im using a 1:1000 leverage mini account with only $29 but the hedge loss from spreads is relatively low, given high margin % left in the capital is hedging really that risky? go think about it {image}
fucking idiot. trading with 27 dollars and calling me a newbie. if the spread widens your positions are going to get wiped out in any case
  • #91,114
  • Jul 7, 2015 11:32pm Jul 7, 2015 11:32pm
Quoting Vorex
And bought some more at 0.7400, let's see how far down can the market makers take the price.
you are right. it should be bought on dips. steven's magical level has already come. so don't expect more downside
  • #91,115
  • Jul 7, 2015 11:43pm Jul 7, 2015 11:43pm
Aussie will touch 0.7350... In such high bearish mode.. China crushing aud
  • #91,116
  • Jul 7, 2015 11:45pm Jul 7, 2015 11:45pm
whos steven and where does he hide his rabbit?

on a more serious note, price has already bounced off of the bottom of the channel earlier and now seems to be going through another time correction. yea, im still looking short. btw how about that new 12 month low? doesnt that concern some of you guys?

anyways good luck guys. hope everyone makes some money today
  • #91,117
  • Jul 7, 2015 11:55pm Jul 7, 2015 11:55pm
Quoting raiders
whos steven and where does he hide his rabbit? on a more serious note, price has already bounced off of the bottom of the channel earlier and now seems to be going through another time correction. yea, im still looking short. btw how about that new 12 month low? doesnt that concern some of you guys? anyways good luck guys. hope everyone makes some money today
all currencies have a short term bottom. aussie has fallen from 1.05 to 0.74 in past 2 years.3100 pips for a major. it is too much. I am not saying it has bottomed out. it can still go to 0.70. but whats the economical advantage in keeping it there. much of the benefit from the aussie fall is not working. it is still mess.
  • #91,118
  • Jul 8, 2015 12:03am Jul 8, 2015 12:03am
Quoting raiders
. hope everyone makes some money today
Statistically improbable

giveachance if we see a break down here 0.725 and 0.705 can happen this or next week.

Personally I still have a long bias but this is not a good point to close your mind for the potential of the opposite and become like johnjakarta. Same to bears. Take care
  • #91,119
  • Jul 8, 2015 12:08am Jul 8, 2015 12:08am
Quoting alexpi
{quote} Statistically improbable giveachance if we see a break down here 0.725 and 0.705 can happen this or next week. Personally I still have a long bias but this is not a good point to close your mind for the potential of the opposite and become like johnjakarta. Same to bears. Take care
Ha!!

On a side note how about that early dragon action?

Cheers brother.
  • #91,120
  • Jul 8, 2015 12:17am Jul 8, 2015 12:17am
Quoting raiders
{quote} Ha!! On a side note how about that early dragon action? Cheers brother.
Nothing special for the Dragon Keeping long position there but I've moved SL to below the latest bottom to take care of the breakdown risk. If it goes lower I'll be waiting for 187.5 (observing) and 186.5 (definitely buying).

Having said that GBP is completely flat, getting moved around by the action on other currencies. Bad market to trade. Probably should have waited some more before getting this position
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