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AUD/USD

  • #91,661
  • Aug 27, 2015 11:31pm Aug 27, 2015 11:31pm
Interesting area to see what type of price action we get. Nice pin bar on the hourly initiating sell off back to channel support.

Will bulls be willing to hold long positions over the weekend? A late week rebound in equity markets gave a bit of risk on sentiment but one would have to believe there is still a bit of fear in the air. Still holding short myself as I believe the risk is still to the downside.

Green pips to all and have a great weekend!
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #91,662
  • Aug 27, 2015 11:38pm Aug 27, 2015 11:38pm
Quoting Expo33
Interesting area to see what type of price action we get. Nice pin bar on the hourly initiating sell off back to channel support. Will bulls be willing to hold long positions over the weekend? A late week rebound in equity markets gave a bit of risk on sentiment but one would have to believe there is still a bit of fear in the air. Still holding short myself as I believe the risk is still to the downside. Green pips to all and have a great weekend! {image}
Agree with u. I'm a long term bear, short term bull on this pair. Lets see how PA react to the trendline. If it bounces off, i will add to my longs. Will start shorting from. 7250 .
  • #91,663
  • Aug 27, 2015 11:59pm Aug 27, 2015 11:59pm
Quoting SkyrEk
{quote} Agree with u. I'm a long term bear, short term bull on this pair. Lets see how PA react to the trendline. If it bounces off, i will add to my longs. Will start shorting from. 7250 .
Well, there was the expected bounce of about 13 pips, now its game time, lol

Also, on Monday there are some Chinese PMI numbers as well as the RBA cash rate decision. No changes expected but probably will see a bit of increased volatility.

For now, I think the Euro equity markets and US markets will be the driving force into tomorrow. Any sell off in equities may put a little pressure on the Ozzie.
Pride always comes before destruction.... -Proverbs 16:18
  • #91,664
  • Aug 28, 2015 12:53am Aug 28, 2015 12:53am
Quoting SkyrEk
{quote} I have just long AUD from .7180 for .7230 instead. 50pips profit would be sufficient for me. Tight SL as well because PA looks bearish, somehow.
same here, i just longed 0.7170 for 0.7230 . how tight is your SL? i'm looking at .07130, though.
  • #91,665
  • Aug 28, 2015 1:47am Aug 28, 2015 1:47am
Quoting triciatlp
{quote} same here, i just longed 0.7170 for 0.7230 . how tight is your SL? i'm looking at .07130, though.
Hmm probably around .7140.
  • #91,666
  • Aug 28, 2015 1:55am Aug 28, 2015 1:55am
Third test of channel support seen on the 5 min, a minor break below, let's see where the hourly candle closes. A close below opens the door to 7140 then 7120 area

Classic price action, as I was posting this, immediate 13 pip pop right back to the broken channel line

London calling, it's your move lads
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #91,667
  • Aug 28, 2015 2:07am Aug 28, 2015 2:07am
anyway, it is likely that RBA will hold rates nxt week. Hence, i foresee a minor rally on that.
  • #91,668
  • Aug 28, 2015 2:11am Aug 28, 2015 2:11am
Quoting SkyrEk
anyway, it is likely that RBA will hold rates nxt week. Hence, i foresee a minor rally on that.
Possibly, but don't you think the big money has already priced in a no rate cut decision
Pride always comes before destruction.... -Proverbs 16:18
  • #91,669
  • Aug 28, 2015 2:13am Aug 28, 2015 2:13am
we can never be certain. Anyway, doji on the hourly close. Shall just let this trade do what it needs to do while i start preparing for my weekends. SL and TP in place, shall see if this pair wants to treat me well or not. Haha.


Green pips to all!
  • #91,670
  • Aug 28, 2015 2:22am Aug 28, 2015 2:22am
Quoting SkyrEk
we can never be certain. Anyway, doji on the hourly close. Shall just let this trade do what it needs to do while i start preparing for my weekends. SL and TP in place, shall see if this pair wants to treat me well or not. Haha. Green pips to all!
Amen to that, enjoy the weekend
Pride always comes before destruction.... -Proverbs 16:18
  • #91,671
  • Aug 28, 2015 8:15am Aug 28, 2015 8:15am
Quoting XPort37
Lets see how fast I chicken out {image}
cha ching!
If words were riddles Money Spoken would fall from the sky
  • #91,672
  • Edited 8:49am Aug 28, 2015 8:24am | Edited 8:49am
As suspected, equities selling off a bit to end the week, and a break lower on risk off sentiment. A good ending to a wild week.

Glad I pulled the plug on my short at 7120, immediate 30 pip bounce up after closing, that leaves a very good taste in my mouth for the weekend
Pride always comes before destruction.... -Proverbs 16:18
  • #91,673
  • Aug 28, 2015 9:16am Aug 28, 2015 9:16am
audusd maay bounce here [ for those planning holidays in us ]

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  • #91,674
  • Aug 28, 2015 9:20am Aug 28, 2015 9:20am
that was a crazy euro session woke up with profit I thought I was about to lose my profits from last week hahahs but gained $300 more bucks
  • #91,675
  • Aug 28, 2015 9:29am Aug 28, 2015 9:29am
Quoting iwillwait
that was a crazy euro session woke up with profit I thought I was about to lose my profits from last week hahahs but gained $300 more bucks
yup it was cool

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  • #91,676
  • Aug 28, 2015 9:38am Aug 28, 2015 9:38am
Congrats to all whom made green pips.
Good weekends to all!
  • #91,677
  • Aug 28, 2015 9:42am Aug 28, 2015 9:42am
but this can also happen lol

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  • #91,678
  • Aug 28, 2015 12:28pm Aug 28, 2015 12:28pm
cable just gave a breakout

it will give good returns, to my tiny account

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  • #91,679
  • Aug 28, 2015 4:45pm Aug 28, 2015 4:45pm
I truly believe the Australians will do what the New Zeals did to their currency and a cut is on its way
  • #91,680
  • Aug 28, 2015 4:56pm Aug 28, 2015 4:56pm
I am sorry
what did the new zelands- cut rate?
What u mean
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