Disliked{quote} US PCE Core inflation picked up. Good sign for the dollar i.e. puts December hike in contention. Why do I always see 10 posts of scalpers trying to urge a rally into aussie before I see 1 guy trading the trend? It's much easier to be short when its going down guys...Ignored
- #92,182
- Sep 28, 2015 10:23pm Sep 28, 2015 10:23pm
- Joined Aug 2013 | Status: Trader | 4,897 Posts
Pride always comes before destruction.... -Proverbs 16:18
- #92,187
- Sep 29, 2015 2:31am Sep 29, 2015 2:31am
Nice spike ! My buy order triggered whilst I was short EURAUD from the top...double profits !!! Got a nice 100 pip move from EURAUDI hope this time its a proper rally....
I do hope this rally lasts as well so that i don't have to monitor so closely.
{quote} Congrats to you Lionheartfx. I do hope this rally lasts as well so that i don't have to monitor so closely.
I have to lock in my profits and trail but this time I want a nice move so I do not need to monitor it....Hoping this 1hr and 4hr candle holds.....
- #92,192
- Sep 29, 2015 4:30am Sep 29, 2015 4:30am
- Joined Mar 2012 | Status: Trader | 1,983 Posts
Closed all shorts at 6959, taking a small long. Would really like to add some more longs but I'm not at all confident in AUDUSD this week, I feel like it's just going sideways. Already set sl above tp for those ones (in fact it's already looking like it's about to go back down 
), Yellen speaks in what, 2 days? And then Chinese manufacturing data, and I expect that to be quite bad - however at this point, I think that may be priced in.
This whole week feels like a gamble, tread carefully!
Next week however, RBA holds and could potentially use some hawkish language, sparking a mini-rally. I think the aussie is exactly where RBA wants it for now, and it may be concerned that any further substantial falls will hit consumer confidence and retail spending, so they will want to keep it around 70c.
), Yellen speaks in what, 2 days? And then Chinese manufacturing data, and I expect that to be quite bad - however at this point, I think that may be priced in.This whole week feels like a gamble, tread carefully!
Next week however, RBA holds and could potentially use some hawkish language, sparking a mini-rally. I think the aussie is exactly where RBA wants it for now, and it may be concerned that any further substantial falls will hit consumer confidence and retail spending, so they will want to keep it around 70c.
