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AUDUSD Trading Pit

  • #101
  • Feb 25, 2016 7:48pm Feb 25, 2016 7:48pm
Quoting Blackopal
{quote} Good points. Read them just after I decided to take short .7248. But I know it's still deciding time on the push up and after previous touching the resistance here should be weakened, Stop Loss tight but pretty good level for a short
haha, very attractive level, isn't it. it can turn up in a matter of time and start taking out stop losses. i will sit tight and if 7256 holds, start building shorts, until then just waiting. this a very tricky level
As Above, So Below
  • #102
  • Feb 25, 2016 7:57pm Feb 25, 2016 7:57pm
Quoting Blackopal
{quote} Aussie chart 30 & 15 bearish pin bars. One HR not complete but looking similar. Battle on this level....nzdusd looks similar has probably reached top of new level for now after nice lift
Not saying it was the right thing lol, sold yesterterdays R2 level, was the level I started the week selling , still got tht monthly trend line stuck in my head I guess lol
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  • #103
  • Feb 25, 2016 8:06pm Feb 25, 2016 8:06pm
Quoting tashkent
{quote} haha, very attractive level, isn't it. it can turn up in a matter of time and start taking out stop losses. i will sit tight and if 7256 holds, start building shorts, until then just waiting. this a very tricky level

AUD/USD .7248 entry previous SL .7270 .................Sold my USD/CAD it was a gift and I'll look to get back in short from higher entry if it rebounds towards 1.36
  • #104
  • Feb 25, 2016 8:10pm Feb 25, 2016 8:10pm
Quoting Blackopal
{quote} AUD/USD .7248 entry previous SL .7270 .................Sold my USD/CAD it was a gift and I'll look to get back in short from higher entry if it rebounds towards 1.36
is that open TP on AU?
As Above, So Below
  • #105
  • Feb 25, 2016 8:15pm Feb 25, 2016 8:15pm
Quoting tashkent
{quote} is that open TP on AU?

Yeah for now. c what happens for now. If it doesn't push through here on third go it might take a body blow. SEE if it stops around .716?
  • #106
  • Feb 25, 2016 8:25pm Feb 25, 2016 8:25pm
i think 7215 is the max it can fall for now. if we reach that, i will start thinking about shorts from 7240
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As Above, So Below
  • #107
  • Feb 25, 2016 8:28pm Feb 25, 2016 8:28pm
Quoting tashkent
i think 7215 is the max it can fall for now. if we reach that, i will start thinking about shorts from 7240 {image}
Needs a poke thru todays open 7234 to get even that
  • #108
  • Feb 25, 2016 8:53pm Feb 25, 2016 8:53pm
Quoting tashkent
{quote} i clearly see where you are coming from and agree with your analysis. shorts are no longer valid under current conditions. i closed my short and working out how to utilize the breakout, which currently looks imminent.
trying my luck. long 7236 (where closed my long)
As Above, So Below
  • #109
  • Feb 25, 2016 8:55pm Feb 25, 2016 8:55pm
Quoting Blackopal
{quote} Yeah for now. c what happens for now. If it doesn't push through here on third go it might take a body blow. SEE if it stops around .716?

I pick .716 as possible within a few days if this test, not over yet, breaks down. On 2HR chart it ranged around .716-.72 before this run up. On previous run to these levels .716 formed a resistance before a drop and then run up to these levels.
  • #110
  • Feb 26, 2016 2:03am Feb 26, 2016 2:03am
Hate it , lol, long again , if nothing else Ill push the price back to ya TK, ha long from 7218 , if it takes out the high looking for 7280 ish , if not Ill be wishing I kept my shorts from7249, woo hoo, friday brain needs a break
  • #111
  • Feb 26, 2016 6:25am Feb 26, 2016 6:25am
Quoting digger1
Hate it , lol, long again , if nothing else Ill push the price back to ya TK, ha long from 7218 , if it takes out the high looking for 7280 ish , if not Ill be wishing I kept my shorts from7249, woo hoo, friday brain needs a break
back to 7070?
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As Above, So Below
  • #112
  • Feb 26, 2016 7:28am Feb 26, 2016 7:28am
us data waiting for release, feels like jeorpady to trade usd. other currencies might unplug as well, no safe heaven.
  • #113
  • Feb 26, 2016 7:36am Feb 26, 2016 7:36am
Quoting alayinizAMK
us data waiting for release, feels like jeorpady to trade usd. other currencies might unplug as well, no safe heaven.
not much movement. probably range for the rest of the day across the board. can close the positions and finish the week here
As Above, So Below
  • #114
  • Feb 26, 2016 9:13am Feb 26, 2016 9:13am
Quoting digger1
{quote}Daily chart, there is lots of reasons for shorting this area, also a trendline on the monthly that is getting tested from the bottom, it is the last week of the month tho, monthly candle could change drastically in the next few days equities showing some life yet tho , nothing on the same page yet lol {image}
it is getting interesting
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  • #115
  • Feb 26, 2016 10:30am Feb 26, 2016 10:30am
test 0.7115 ish?
  • #116
  • Feb 26, 2016 10:42am Feb 26, 2016 10:42am
Quoting Don96
test 0.7115 ish?
possible. trendline has it around 7100. my initial guess was 7070 after it started dropping. do not know if will happen today. if no significant retracement, we have a good looking bearish weekly
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  • #117
  • Feb 26, 2016 10:57am Feb 26, 2016 10:57am
At the 200SMA currently, good time to go short.
  • #118
  • Feb 26, 2016 11:03am Feb 26, 2016 11:03am
bull was really close this week. all needed was close above 73 and this would keep the longer term uptrend alive. after buyers picked up from 7144 i really started believing 7300 and above will be reached. but here you go
this is why it is not easy to make money in financial markets
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As Above, So Below
  • #119
  • Feb 26, 2016 11:10am Feb 26, 2016 11:10am
this is how daily and weekly looks like right now.
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  • #120
  • Feb 26, 2016 11:11am Feb 26, 2016 11:11am
Quoting tashkent
bull was really close this week. all needed was close above 73 and this would keep the longer term uptrend alive. after buyers picked up from 7144 i really started believing 7300 and above will be reached. but here you go this is why it is not easy to make money in financial markets {image}
Nice work here TashK.
Hope you're well! Green pips to you!
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