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AUD/USD

  • #91,701
  • Aug 31, 2015 3:34am Aug 31, 2015 3:34am
after taking 6 trades I'm done see you tomorrow all! Good trading today with $200 profit
  • #91,702
  • Aug 31, 2015 4:23am Aug 31, 2015 4:23am
Quoting iwillwait
after taking 6 trades I'm done see you tomorrow all! Good trading today with $200 profit
Congrats there!

On a side note, i feel that the selling been over-extended for a long time. Isn't it high time a correction is due? Am not sure, but i feel that a correction is due soon. Watch the monthly close for confirmation of a bounce or more bloodbath (green pips if we gonna short it).
  • #91,703
  • Aug 31, 2015 5:19am Aug 31, 2015 5:19am
Tomorrow is RBA rate decision, a very good chance they will hold rates so AUD/USD is a good buy at the moment & will add more if it drops.
  • #91,704
  • Aug 31, 2015 5:44am Aug 31, 2015 5:44am
Quoting Vorex
Tomorrow is RBA rate decision, a very good chance they will hold rates so AUD/USD is a good buy at the moment & will add more if it drops.
Agreed.
  • #91,705
  • Aug 31, 2015 6:06am Aug 31, 2015 6:06am
I rarely trade FX, but couldn't resist a long entry at 0.7127. TP @ 0.7180. I think it can probably hit 0.7200 pretty easily by tomorrow.
  • #91,706
  • Aug 31, 2015 6:40am Aug 31, 2015 6:40am
triangle
Attached Image (click to enlarge)
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  • #91,707
  • Aug 31, 2015 8:07am Aug 31, 2015 8:07am
Everything working against the Ozzie at the moment. Gold drifting lower, Euro equities down, US equities set to open down, fellow commodity currency Kiwi business confidence way down. Rate decision later against a backdrop of overall global uncertainty.

Personally I don't think there will be any rate change and I don't think smart money expects any rate change either. No expectation, maybe not a huge reaction later today. Of course, we have all seen some wild stuff happy lately.

Anyways, at the moment Ozzie testing MS1 at roughly 7110 which I think is a good entry point for a long. I expect a bounce here. Any US equity strength after the opening bell should give the Ozzie a much needed boost later (may be wishful thinking though)

Good start to an exciting week ahead, greens pips to all
Pride always comes before destruction.... -Proverbs 16:18
  • #91,708
  • Aug 31, 2015 8:20am Aug 31, 2015 8:20am
Quoting Expo33
Everything working against the Ozzie at the moment. Gold drifting lower, Euro equities down, US equities set to open down, fellow commodity currency Kiwi business confidence way down. Rate decision later against a backdrop of overall global uncertainty. Personally I don't think there will be any rate change and I don't think smart money expects any rate change either. No expectation, maybe not a huge reaction later today. Of course, we have all seen some wild stuff happy lately. Anyways, at the moment Ozzie testing MS1 at roughly 7110 which I think...

I shall wait for a good long signal b4 i enter. Indeed, many wild stuff and swings lately. Trade safe !
  • #91,709
  • Aug 31, 2015 8:31am Aug 31, 2015 8:31am
Quoting SkyrEk
{quote} I shall wait for a good long signal b4 i enter. Indeed, many wild stuff and swings lately. Trade safe !
Good Luck.

I am long @7111 with the intention of taking 20-30 pips, don't want to be in this trade for more than a few hours. Hopefully get a little bounce and move SL to BE for a freebie
Pride always comes before destruction.... -Proverbs 16:18
  • #91,710
  • Aug 31, 2015 8:51am Aug 31, 2015 8:51am
Quoting SkyrEk
{quote} Congrats there! On a side note, i feel that the selling been over-extended for a long time. Isn't it high time a correction is due? Am not sure, but i feel that a correction is due soon. Watch the monthly close for confirmation of a bounce or more bloodbath (green pips if we gonna short it).
The monthly close below the trendline. That is to say bearish.
Remember that fundamentally and technically, Aussie is bearish.
The true fact is market doesn't care, risk mgt is important.
  • #91,711
  • Aug 31, 2015 9:10am Aug 31, 2015 9:10am
why buy guys follow the trend
  • #91,712
  • Aug 31, 2015 12:10pm Aug 31, 2015 12:10pm
i am also looking in 0.7220
  • #91,713
  • Aug 31, 2015 2:52pm Aug 31, 2015 2:52pm
In long term go up quick.

Attached Image (click to enlarge)
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Enter Signature
  • #91,714
  • Aug 31, 2015 8:16pm Aug 31, 2015 8:16pm
Hope to see a nice bounce up today for some quick pips.....
  • #91,715
  • Aug 31, 2015 8:23pm Aug 31, 2015 8:23pm
Quoting Lionheartfx1
Hope to see a nice bounce up today for some quick pips.....
im not going higher than that
Attached Image (click to enlarge)
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  • #91,716
  • Aug 31, 2015 8:26pm Aug 31, 2015 8:26pm
Quoting Lamira
{quote} im not going higher than that {image}
However, the short squeeze looks almighty currently. Next strong resistance at .725
  • #91,717
  • Aug 31, 2015 8:26pm Aug 31, 2015 8:26pm
Quoting Lamira
{quote} im not going higher than that {image}


0.7220 is the next one then start to getting a great down trend
  • #91,718
  • Aug 31, 2015 9:03pm Aug 31, 2015 9:03pm
Too early to tell, but could this be a possible double bottom?
Notice that the markets are showing who is boss by neglecting negative news and data releases. Hence, we should go with the flow instead, follow the new found trend of AUD.

Note: It could be corrective though, not a trade whereby you can long and just leave it for months. If you are keen on buying, then it is best to monitor it with tight SL. Never know what will happen with the recent wild swings.
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  • #91,719
  • Aug 31, 2015 9:55pm Aug 31, 2015 9:55pm
Quoting SkyrEk
Too early to tell, but could this be a possible double bottom? Notice that the markets are showing who is boss by neglecting negative news and data releases. Hence, we should go with the flow instead, follow the new found trend of AUD. Note: It could be corrective though, not a trade whereby you can long and just leave it for months. If you are keen on buying, then it is best to monitor it with tight SL. Never know what will happen with the recent wild swings. {image}
I agree, I was long since 0.70855 and just playing the bounce and taking quick pips. Might drop down but these things never give up without a fight and always retrace a bit before a big drop.

Long term is a definitely a no go for this trade but for scalping its a no brainer trade. Easy profits in and out just be careful with tight sl as you said.

However seeing it has dropped a shitload past few months and year I doubt it will go down that much....time for a correction soon.

But we will see being RBA in the next few hrs where it will push this
  • #91,720
  • Aug 31, 2015 11:17pm Aug 31, 2015 11:17pm
There are huge fundamentals at play with the AUD at the moment people dont forget that. The trend is down and its going furthur. Ride the ups but its a shorting market.
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