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AUD/USD

  • #95,401
  • Feb 9, 2016 5:11am Feb 9, 2016 5:11am
Strong support .70 is gone. It's gonna be a good ride down from today onwards.
  • #95,402
  • Feb 9, 2016 5:26am Feb 9, 2016 5:26am
I still have my shorts on lol I'm trying to find a good placewhere I should take them off. Short from 707 & 704
  • #95,403
  • Feb 9, 2016 5:38am Feb 9, 2016 5:38am
nothing to do at this point. bounce to 7110, double bottom, 7140 and sub 6950
Attached Image (click to enlarge)
Click to Enlarge Name: au.png Size: 34 KB
As Above, So Below
  • #95,404
  • Feb 9, 2016 5:43am Feb 9, 2016 5:43am
Feathering in Long at 6982
  • #95,405
  • Feb 9, 2016 5:48am Feb 9, 2016 5:48am
I'm beginning to feel uncomfortable keeping my shorts going into us session. Anyone else closing there short positions at this level or holding it to see if it goes down to 693?
  • #95,406
  • Feb 9, 2016 6:08am Feb 9, 2016 6:08am
Quoting tashkent
nothing to do at this point. bounce to 7110, double bottom, 7140 and sub 6950 {image}
what the heck. lol. sorry guys for the mistake. 7010 instead of 7110 and 7040 instead of 7140 (the green and blue lines)
As Above, So Below
  • #95,407
  • Feb 9, 2016 6:17am Feb 9, 2016 6:17am
Quoting FXClarity
Feathering in Long at 6982
Scalped a third out for +40. Two thirds held
  • #95,408
  • Feb 9, 2016 6:33am Feb 9, 2016 6:33am
Short .7025. That was turning point recently
  • #95,409
  • Feb 9, 2016 6:37am Feb 9, 2016 6:37am
Quoting FXClarity
Not that it really matters or holds any value but in the interests of transparency - I've added to the 'Long basket' at 7025. For my system trades can run for days, weeks or a couple of months
..This was was taken out at breakeven.
  • #95,410
  • Feb 9, 2016 7:04am Feb 9, 2016 7:04am
powerful bounce. the game changed. that is it for bear. no shorts above 7020. back to buying audhkd
As Above, So Below
  • #95,411
  • Feb 9, 2016 7:10am Feb 9, 2016 7:10am
very fast game changer indeed~

one moment below .70, now above .7050
  • #95,412
  • Feb 9, 2016 7:19am Feb 9, 2016 7:19am
heading back down to 69
  • #95,413
  • Feb 9, 2016 7:19am Feb 9, 2016 7:19am
generally we are still in a down trend but this move was just too fast and powerful, probably was squeezed to far, gold and euro are still pushing higher... i guess bull will use 7020 as a base to attack 7160
As Above, So Below
  • #95,414
  • Feb 9, 2016 7:20am Feb 9, 2016 7:20am
Is it me or is it recently price action been very wild ? 50- 100pips in a matter of minutes.
  • #95,415
  • Feb 9, 2016 7:20am Feb 9, 2016 7:20am
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  • #95,416
  • Feb 9, 2016 7:21am Feb 9, 2016 7:21am
Quoting SkyrEk
Is it me or is it recently price action been very wild ? 50- 100pips in a matter of minutes.
It's normal

Not complaining here
  • #95,417
  • Feb 9, 2016 7:22am Feb 9, 2016 7:22am
Quoting Ken A
{quote} It's normal Not complaining here
okay, because i don't remember facing such volatility back in 2015. 2016 feels more exciting. lol
  • #95,418
  • Feb 9, 2016 7:23am Feb 9, 2016 7:23am
it's a squeeze before Goliath falls... Go high before go real low
  • #95,419
  • Feb 9, 2016 7:31am Feb 9, 2016 7:31am
Quoting iwillwait
it's a squeeze before Goliath falls... Go high before go real low
I reckon this low can be really low, i won't be surprise that it will bypass this year's lows as well.
  • #95,420
  • Feb 9, 2016 7:32am Feb 9, 2016 7:32am
will not underestimate this bounce but 30M giving some hints though
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As Above, So Below
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