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AUD/USD

  • #95,021
  • Jan 28, 2016 6:24am Jan 28, 2016 6:24am
Hi everyone, I'm new here as well so forgive me as I'm still learning. In my opinion, price is still bullish on a daily and 4hr time frame. We might see a retracement to 0.713x (Fib 61.8%) or higher. If RBA holds rate and any other unfavourable data from US we might see this level soon. Any thoughts on this?
  • #95,022
  • Jan 28, 2016 8:07am Jan 28, 2016 8:07am
lets wait for 7120 how it plays out. if anybody planning to short it is just for a short retracement, not a positional level.
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  • #95,023
  • Jan 28, 2016 8:18am Jan 28, 2016 8:18am
Quoting tashkent
lets wait for 7120 how it plays out. if anybody planning to short it is just for a short retracement, not a positional level.
maybe retest now. could go little higher 7125. my sell order missed by a pip but will get filled. will post the trades later
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  • #95,024
  • Jan 28, 2016 8:21am Jan 28, 2016 8:21am
I'm selling here, and target 10-15 pips. Hope it works
  • #95,025
  • Edited 8:47am Jan 28, 2016 8:22am | Edited 8:47am
Eur/Aud just broke down on the 4 hour chart
  • #95,026
  • Jan 28, 2016 8:22am Jan 28, 2016 8:22am
When it squeezes, it sure squeeze realllly hard boy!
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  • #95,027
  • Jan 28, 2016 8:33am Jan 28, 2016 8:33am
Quoting SkyrEk
When it squeezes, it sure squeeze realllly hard boy! {image}
  • #95,028
  • Edited 9:34am Jan 28, 2016 8:36am | Edited 9:34am
Correction 4 might come to a top near 0.7150, but not a bad place to sell.
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  • #95,029
  • Jan 28, 2016 9:34am Jan 28, 2016 9:34am
that is it for a scalping. congrats to who took the shorts
now we have one clear level 7127 - a reference for short term for both bull and bear
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  • #95,030
  • Jan 28, 2016 9:38am Jan 28, 2016 9:38am
Quoting Blackopal
Eur/Aud just broke down on the 4 hour chart
Ouch. I thought the EUR/AUD had broken a neckline.....shouldn't have counted on that until it closed below it. It just did a 140 pip reversal in one hour. It just took away what I made from buying AUD/USD at .7065 earlier. I should know by now that it doesn't pay to be impetuous
  • #95,031
  • Jan 28, 2016 9:54am Jan 28, 2016 9:54am
Quoting Blackopal
{quote} Ouch. I thought the EUR/AUD had broken a neckline.....shouldn't have counted on that until it closed below it. It just did a 140 pip reversal in one hour. It just took away what I made from buying AUD/USD at .7065 earlier. I should know by now that it doesn't pay to be impetuous
you are basically buy and selling aud at the same time. this can be done to lock the profit if one pair doing well but you have doubts about the continuation. i use audjpy for that purpose.
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  • #95,032
  • Jan 28, 2016 9:54am Jan 28, 2016 9:54am
i think NZD/USD wants to touch 0.6 still.. will put pressure on AUD/USD
Do what's right for you
  • #95,033
  • Jan 28, 2016 10:00am Jan 28, 2016 10:00am
long 7085 with 10pip sl
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  • #95,034
  • Jan 28, 2016 10:14am Jan 28, 2016 10:14am
Quoting tashkent
{quote} you are basically buy and selling aud at the same time. this can be done to lock the profit if one pair doing well but you have doubts about the continuation. i use audjpy for that purpose.

I think I didn't make my previous post clear enough tashkent. I sold EUR/AUD as it was dropping, thinking that in the next day or too the EUR would drop about another 160 pips against the Aussie. But it immediately spun around and recovered all the loss it had made not just in the last hour but the whole day. I wasn't on the ride all the way back up, of course, but I see your point, that I got out of my AUD/USD long only to back the Aussie against the EURO. But I thought the chart over there was telling me that pair would pay me better, so I switched horses. The failure was in not waiting for confirmation of the break of neckline support. Anyhow, i broke about even for the night, so on the bright side the lesson hasn't cost me anything but time....I spent a lot more time figuring out what AUD/USD might do, with pleasing results, then made an impulsive split second decision to risk my profits on the other trade. Glad to see you did well. Cheers Mate
  • #95,035
  • Jan 28, 2016 10:23am Jan 28, 2016 10:23am
That 4 hour candle puts me off a bit. Uglier one on AUD/JPN too?
  • #95,036
  • Jan 28, 2016 10:30am Jan 28, 2016 10:30am
Quoting Blackopal
{quote} I think I didn't make my previous post clear enough tashkent. I sold EUR/AUD as it was dropping, thinking that in the next day or too the EUR would drop about another 160 pips against the Aussie. But it immediately spun around and recovered all the loss it had made not just in the last hour but the whole day. I wasn't on the ride all the way back up, of course, but I see your point, that I got out of my AUD/USD long only to back the Aussie against the EURO. But I thought the chart over there was telling me that pair would pay me better,...
sorry, misunderstood you. apparently there was a reason for a bounce. but agree with you, ea has a bearish setup, can be shorted off the trendline on 4h
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  • #95,037
  • Jan 28, 2016 10:32am Jan 28, 2016 10:32am
Quoting tashkent
long 7085 with 10pip sl
Youve got the scalping knives out for the round number retest then?

Cool, hope it works out for 'ya
  • #95,038
  • Jan 28, 2016 10:42am Jan 28, 2016 10:42am
Quoting FXClarity
{quote} Youve got the scalping knives out for the round number retest then? Cool, hope it works out for 'ya
yes, already out with 10 pips (the circle is exit) high leverage. do not want to bother you guys with all these scalps
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  • #95,039
  • Jan 28, 2016 11:01am Jan 28, 2016 11:01am
...they all add up
  • #95,040
  • Jan 28, 2016 11:09am Jan 28, 2016 11:09am
potential 4h pinbar. its going to be interesting to see if bull will allow it
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