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AUD/USD

  • #92,361
  • Oct 5, 2015 7:49pm Oct 5, 2015 7:49pm
Quoting ell3
Not worth guessing now I feel, market is cautious before RBA tomorrow. Still expecting to see some slack tonight (pull back to 7060/80 area) before it flies up tomorrow -- UNLESS RBA does a surprise cut. I simply can't see the market moving anywhere higher tonight with the uncertainty in sight. 60pips up today already's been quite a distance.
On what basis are you expecting price to fly up in a few hours time (assuming RBA doesn't have a surprise cut)? Have a look at 1hr chart from last month - no surprise cut then and price had small spike up and then continued down.

Slightly different conditions this month but RBA meeting today on it's own will not cause any major move (in my opinion).
Hope for the best, prepare for the worst.
  • #92,362
  • Oct 5, 2015 7:50pm Oct 5, 2015 7:50pm
Quoting zenin
Greetings, Can anyone explain the 200 pip drop that just occurred on my demo account, was this reflected on a live trader server? thanks Zenin
Trade Balance http://www.forexfactory.com/calendar.php
  • #92,363
  • Oct 5, 2015 7:54pm Oct 5, 2015 7:54pm
Will keep consolidating till the RBA... IMO it should channel in between the 100 & 200sma...
Looking for a good Long position ~ .7065 area... but watching closely...

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-10-05 at 8.47.14 PM.png Size: 247 KB


As for this:

- Testing the 38.2FF
- At the Cross of the 100 & 200sma
- Looking for a Major break above and could net ~200pip run to about 87.50

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-10-05 at 8.51.03 PM.png Size: 258 KB
  • #92,364
  • Oct 5, 2015 8:01pm Oct 5, 2015 8:01pm
Quoting dCtrader15
Looking for a good Long position ~ .7065 area... but watching closely...
why dont you think of short below 0.706?
  • #92,365
  • Oct 5, 2015 8:20pm Oct 5, 2015 8:20pm
Holding shorts, 200 Sma holding on 4h along with a strong rejection from .711. Daily down trending trend line still maintaining along with a fundamentally weak AUD. See no reason for a long right now unless we see some surprising news in the coming hours.
The trend is your friend
  • #92,366
  • Oct 5, 2015 8:24pm Oct 5, 2015 8:24pm
Quoting eugenyk
{quote} Trade Balance http://www.forexfactory.com/calendar.php
Thanks eugenyk, Appreciate your reply mate. I guess if you were anticipating that release and the news/report was forshadowing negative figures is it realistic in a live trading situation to position yourself to be able to trade such a release as it seemed to reflect in my demo account within a matter of seconds. I guess i'm asking if anyone actually was able to live trade that move which occurred ? Regards Zenin

ps: I'm new, so be kind pls : )
  • #92,367
  • Oct 5, 2015 8:56pm Oct 5, 2015 8:56pm
Quoting zenin
{quote} Thanks eugenyk, Appreciate your reply mate. I guess if you were anticipating that release and the news/report was forshadowing negative figures is it realistic in a live trading situation to position yourself to be able to trade such a release as it seemed to reflect in my demo account within a matter of seconds. I guess i'm asking if anyone actually was able to live trade that move which occurred ? Regards Zenin ps: I'm new, so be kind pls : )
Yes, you can position prior to data release as long as not going against the data and the stop must allow for possible spread spike
  • #92,368
  • Oct 5, 2015 9:00pm Oct 5, 2015 9:00pm
Quoting Ken A
{quote} Yes, you can position prior to data release as long as not going against the data and the stop must allow for possible spread spike
Thanks Ken
  • #92,369
  • Oct 5, 2015 9:44pm Oct 5, 2015 9:44pm
Quoting dab
{quote} On what basis are you expecting price to fly up in a few hours time (assuming RBA doesn't have a surprise cut)? Have a look at 1hr chart from last month - no surprise cut then and price had small spike up and then continued down. Slightly different conditions this month but RBA meeting today on it's own will not cause any major move (in my opinion).
i didn't mean a quick 100pip rise or anything like that, i was referring to the AUD continuing its gradual bull run!
in any case, quite a lot of strong resistance points on the way up and sellers still look equally strong. the bulls have just a slight edge over the bears. im keeping out until the dust has settled after the RBA decision!
  • #92,370
  • Oct 5, 2015 9:51pm Oct 5, 2015 9:51pm
Quoting zenin
Greetings, Can anyone explain the 200 pip drop that just occurred on my demo account, was this reflected on a live trader server? thanks Zenin
200 pip ?
  • #92,371
  • Oct 5, 2015 9:53pm Oct 5, 2015 9:53pm
Quoting eugenyk
{quote} why dont you think of short below 0.706?
Because I believe they'll hold the rates and follow suit with the Fed's... but if they don't then I'll adjust accordingly...

They hold rates then, IMO should spike down then rise... and continue its weekly course, so I'm still targeting the .7190 area
  • #92,372
  • Oct 5, 2015 10:27pm Oct 5, 2015 10:27pm
25bps cut here we go!!!!
  • #92,373
  • Oct 5, 2015 10:30pm Oct 5, 2015 10:30pm
Quoting ell3
25bps cut here we go!!!!
Hold rate
  • #92,374
  • Oct 5, 2015 10:31pm Oct 5, 2015 10:31pm
Hope you guys went long....looks like this one is going to the moon
  • #92,375
  • Oct 5, 2015 10:38pm Oct 5, 2015 10:38pm
Quoting Lionheartfx1
Hope you guys went long....looks like this one is going to the moon
I don't hold positions prior to a CB news release. Shall wait out for the dust to settle first before i initiate my next trade for today.
  • #92,376
  • Oct 5, 2015 10:40pm Oct 5, 2015 10:40pm
I love how it spikes on... Nothing
  • #92,377
  • Oct 5, 2015 10:41pm Oct 5, 2015 10:41pm
Quoting Lionheartfx1
Hope you guys went long....looks like this one is going to the moon
not quite the moon yet, but tasty enough. 30pips yummy. got out at 7118 in case of a sudden change, happy with what ive got. waiting for some consolidation before reentering.
  • #92,378
  • Oct 5, 2015 10:41pm Oct 5, 2015 10:41pm
Quoting SkyrEk
{quote} I don't hold positions prior to a CB news release. Shall wait out for the dust to settle first before i initiate my next trade for today.
same....however I been long since last Friday and just been locking in the profits !

RISK FREE TRADE, made enough pips to retire for the week.

Hope you guys made some $$$
  • #92,379
  • Oct 5, 2015 10:42pm Oct 5, 2015 10:42pm
Quoting ell3
{quote} not quite the moon yet, but tasty enough. 30pips yummy. got out at 7118 in case of a sudden change, happy with what ive got. waiting for some consolidation before reentering.
Yeh pips is pips. 30 is good

This is FX take what you can mate.
  • #92,380
  • Oct 5, 2015 10:47pm Oct 5, 2015 10:47pm
looking for shorts. price atm is around previous monthly candle open. Hindsight at the moment is down.
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