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AUDUSD Trading Pit

  • #1
  • First Post: Feb 23, 2016 4:07pm Feb 23, 2016 4:07pm
This thread is open for AUDUSD related interactive trade discussions.
No specific rules; just mutual respect and tolerance among members requested.
Braggers are welcome under one condition: please have the courtesy of posting a chart with open/closed positions.
Let's trade our favorite pair and have fun.
Happy pipping


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  • #2
  • Feb 23, 2016 4:28pm Feb 23, 2016 4:28pm
high TF charts
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  • #3
  • Feb 23, 2016 6:59pm Feb 23, 2016 6:59pm
i am shorting this pair cos' fundamentally, data is weak for OZ.
  • #4
  • Feb 23, 2016 7:42pm Feb 23, 2016 7:42pm
Quoting bluetoss
i am shorting this pair cos' fundamentally, data is weak for OZ.
i am also short on this pair. had a few shorts from last week and added more this week.
first target is 7050.
more sell orders above 7220 up to 7300
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  • #5
  • Feb 23, 2016 7:52pm Feb 23, 2016 7:52pm
there is also something else to watch: from what we have seen for the last couple of weeks, price has been experiencing pretty quick recovery from pull backs, which indicates a strong buying interest. this specific event needs to be monitored to get a feeling about the intentions of bull.
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  • #6
  • Feb 23, 2016 8:00pm Feb 23, 2016 8:00pm
Quoting tashkent
there is also something else to watch: from what we have seen for the last couple of weeks, price has been experiencing pretty quick recovery from pull backs, which indicates a strong buying interest. this specific event needs to be monitored to get a feeling about the intentions of bull.
Not saying it wont pop back , a little different situation tho, , even looking at 4 hour charts. Check out,,, copper,,, s&p,, , the dax,,,, even oil, compare it to the aud you wont have no problem seeing what I mean , would post the charts but they will take up a lot of room
  • #7
  • Feb 23, 2016 8:09pm Feb 23, 2016 8:09pm
Quoting digger1
{quote}Not saying it wont pop back , a little different situation tho, , even looking at 4 hour charts. Check out,,, copper,,, s&p,, , the dax,,,, even oil, compare it to the aud you wont have no problem seeing what I mean , would post the charts but they will take up a lot of room
definitely agree. my guess is also commodity prices are supporting this pair while euro and gbp are getting crushed. we are still in completion of leg up and for much clearer shorting opportunities it needs some space/time. therefore not ruling out a come back and test at least 726x. however it does not change my long term short bias, at least until 7400.
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  • #8
  • Feb 24, 2016 4:07am Feb 24, 2016 4:07am
it has been a slow fall but things should speed up soon. 7125 may slow it down again
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  • #9
  • Feb 24, 2016 4:24am Feb 24, 2016 4:24am
Nice to see a fresh AU thread up n running.
Targeting 1.7115 with a speed bump at 1.7137.
Posted earlier on this @ http://www.forexfactory.com/showthre...89#post8773489
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  • #10
  • Feb 24, 2016 5:39am Feb 24, 2016 5:39am
Quoting Basill
Nice to see a fresh AU thread up n running. Targeting 1.7115 with a speed bump at 1.7137. Posted earlier on this @ http://www.forexfactory.com/showthre...89#post8773489 {image}
Hey Basill,
apparently buyers are not giving up yet and "officially" we are trading in a leg up on 4H. so it is understandable for some this drop is a retracement and a buying opportunity. i think only 4h close below 7050 will show if we are in a neutral zone, until then bull is slight in control.
meanwhile, metals are in a range for a short period of time, lets see how this will affect the pair.
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  • #11
  • Feb 24, 2016 6:06am Feb 24, 2016 6:06am
bullish 4H pin bar. i can say now we have short term support at 7150. the test of 7200 from 7150 is highly probable
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  • #12
  • Feb 24, 2016 6:23am Feb 24, 2016 6:23am
Quoting tashkent
bullish 4H pin bar. i can say now we have short term support at 7150. the test of 7200 from 7150 is highly probable {image}
Hi Tash,

if 4hr candle close below 7150 the area, price looks like more down correction ...
  • #13
  • Feb 24, 2016 6:24am Feb 24, 2016 6:24am
released some of shorts and hedging the remaining with audhkd. this will decrease the profitability a little but at the same time will eliminate the chance of the sudden profit wipe out. will release it if pinbars lied.
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  • #14
  • Feb 24, 2016 6:31am Feb 24, 2016 6:31am
Quoting mrhb30jr
{quote} Hi Tash, if 4hr candle close below 7150 the area, price looks like more down correction ...
yes, you are right. i am in EST zone and a new 4h just started, if it closes below 7160, then downside bias is still valid. 15M and 30M still look quite bearish
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  • #15
  • Feb 24, 2016 6:35am Feb 24, 2016 6:35am
hi tash,

i see price continue make lower price AUDUSD M5

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  • #16
  • Feb 24, 2016 6:45am Feb 24, 2016 6:45am
Quoting tashkent
{quote} yes, you are right. i am in EST zone and a new 4h just started, if it closes below 7160, then downside bias is still valid. 15M and 30M still look quite bearish
  • #17
  • Feb 24, 2016 6:47am Feb 24, 2016 6:47am
Quoting mrhb30jr
hi tash, i see price continue make lower price AUDUSD M5 {image}
was expecting some retracement at 715x-60, this is almost 50% of recent leg up from 7070 to 7260 plus latest 4h and 1h bars did not look too convincing. but i am for a clean sweep all the way up to 7070 again. just being little careful considering how this pair has behaved lately
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  • #18
  • Feb 24, 2016 7:18am Feb 24, 2016 7:18am
Quoting tashkent
{quote} was expecting some retracement at 715x-60, this is almost 50% of recent leg up from 7070 to 7260 plus latest 4h and 1h bars did not look too convincing. but i am for a clean sweep all the way up to 7070 again. just being little careful considering how this pair has behaved lately {image}
Hi Tash,

Yes, reversal agree to reverse the po long set up ...
waiting for the good set up long ...

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  • #19
  • Feb 24, 2016 7:38am Feb 24, 2016 7:38am
Quoting mrhb30jr
{quote} Hi Tash, Yes, reversal agree to reverse the po long set up ... waiting for the good set up long ... {image}
not a bad idea. i am holding the shorts but may also add to AHKD longs. meanwhile audchf short is close to 100 pips profit and closing that one
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  • #20
  • Feb 24, 2016 9:41am Feb 24, 2016 9:41am
bear is trying to invalidate that 4h setup. 20 minutes to go. lets see how this will end. can it close below 7160?
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