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AUDUSD Trading Pit

  • #141
  • Feb 27, 2016 7:17am Feb 27, 2016 7:17am
Quoting tashkent
{quote} i have an advice for you: Stay Away From This Thread i know you have got my message.
Blimey, don't mince your words there TK 😄

Well done on this new thread. I've enjoyed catching up with your trades over the week.
  • #142
  • Feb 29, 2016 6:37am Feb 29, 2016 6:37am
hope everybody had a good weekend and back to trading with fresh and clear mind
last friday pretty much set the direction for near future. short at the highs is my plan for the week. meanwhile holding a long to utilize the bounce and watching how far it will go. first obvious level to the upside is 7215 and then 7260 which may seem not that easy but looking at the calendar and upcoming news both currencies may have some volatility. if lows around 7100 gives up then below 7000 would be the level to watch. smaller tfs indicating some potential bull movement. the week just started and everything is ahead. wish everybody a great week.
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As Above, So Below
  • #143
  • Feb 29, 2016 12:54pm Feb 29, 2016 12:54pm
Quoting tashkent
hope everybody had a good weekend and back to trading with fresh and clear mind last friday pretty much set the direction for near future. short at the highs is my plan for the week. meanwhile holding a long to utilize the bounce and watching how far it will go. first obvious level to the upside is 7215 and then 7260 which may seem not that easy but looking at the calendar and upcoming news both currencies may have some volatility. if lows around 7100 gives up then below 7000 would be the level to watch. smaller tfs indicating some potential...
Hey TK, hope your weekend was good as well, , Mine well duaghters 16th birthday, aarrgh lol, , aud trading , nothing much really , had some longs from the open , held them up almost to the weekly pivot which is also the daily pivot area today where some short orders were filled , out of most of those with the stps at breakeven on remaining, lots of news due out china and aud so will try and figure it out after all that is out and known. My levels pretty much the same , bullish above 72 bearish below for the quick of it cheers all.
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  • #144
  • Feb 29, 2016 5:06pm Feb 29, 2016 5:06pm
Quoting digger1
{quote}Hey TK, hope your weekend was good as well, , Mine well duaghters 16th birthday, aarrgh lol, , aud trading , nothing much really , had some longs from the open , held them up almost to the weekly pivot which is also the daily pivot area today where some short orders were filled , out of most of those with the stps at breakeven on remaining, lots of news due out china and aud so will try and figure it out after all that is out and known. My levels pretty much the same , bullish above 72 bearish below for the quick of it cheers all. {image}...
expecting a relative easier week price respecting technicals despite the volatility. the levels are pretty much clear. we had a quiet, slow day. probably the calm before the storm. while expecting for a better selling opportunity on au, took a short on audchf. USD is enjoying a good run. with good data this week, 100 is not out of reach. euro is sinking, gbp is just trying to find a support, no valid higher highs since the beginning of the month on 4h. strong manufacturing pmi and nfp can have the final say on eu, au, nu and other ladies (gbp's fate already has been decided).
before that chinese pmi and then rba statement could bring some volatility to au.
will be fun week.
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As Above, So Below
  • #145
  • Feb 29, 2016 5:33pm Feb 29, 2016 5:33pm
Quoting tashkent
hope everybody had a good weekend and back to trading with fresh and clear mind last friday pretty much set the direction for near future. short at the highs is my plan for the week. meanwhile holding a long to utilize the bounce and watching how far it will go. first obvious level to the upside is 7215 and then 7260 which may seem not that easy but looking at the calendar and upcoming news both currencies may have some volatility. if lows around 7100 gives up then below 7000 would be the level to watch. smaller tfs indicating some potential...
Short on highs worked for me all of Feb and I've seen nothing to change my mind. Flat at present as I'm looking for at least 7200 unless we get lower low.
Hope for the best, prepare for the worst.
  • #146
  • Feb 29, 2016 6:52pm Feb 29, 2016 6:52pm
Quoting dab
{quote} Short on highs worked for me all of Feb and I've seen nothing to change my mind. Flat at present as I'm looking for at least 7200 unless we get lower low.
if i remember correctly, you have been short for some time. in longer term, i am also short. but last thursday, i was almost going long on mid term but friday corrected me right away. i am planning to hold audchf short but will use au long to utilize the bounces. i believe au should go higher to get ready for a final fall. so will keep au position as a hedge to audchf until specific setup.
As Above, So Below
  • #147
  • Feb 29, 2016 7:16pm Feb 29, 2016 7:16pm
Quoting tashkent
{quote} if i remember correctly, you have been short for some time. in longer term, i am also short. but last thursday, i was almost going long on mid term but friday corrected me right away. i am planning to hold audchf short but will use au long to utilize the bounces. i believe au should go higher to get ready for a final fall. so will keep au position as a hedge to audchf until specific setup.
bad news china bad news aud and more news in 45 mins from china
people leave, but this thread will go on for ever
  • #148
  • Feb 29, 2016 7:33pm Feb 29, 2016 7:33pm
Quoting Aussi
{quote} bad news china bad news aud and more news in 45 mins from china
lately manufacturing pmi has been gaining more weight among data releases. china missed the expected number but it was not too bad. under current setup, my guess is market favors positive data more than a negative. this would give big money a reason to clear some levels to the upside.
As Above, So Below
  • #149
  • Feb 29, 2016 7:35pm Feb 29, 2016 7:35pm
Quoting tashkent
{quote} lately manufacturing pmi has been gaining more weight among data releases. china missed the expected number but it was not too bad. under current setup, my guess is market favors positive data more than a negative. this would give big money a reason to clear some levels to the upside.
good insight
people leave, but this thread will go on for ever
  • #150
  • Feb 29, 2016 8:07pm Feb 29, 2016 8:07pm
Quoting tashkent
{quote} if i remember correctly, you have been short for some time. in longer term, i am also short. but last thursday, i was almost going long on mid term but friday corrected me right away. i am planning to hold audchf short but will use au long to utilize the bounces. i believe au should go higher to get ready for a final fall. so will keep au position as a hedge to audchf until specific setup.
Good memory, my last long was in January. I hope AU goes high enough for the conditions in my trading plan to be met for larger position sizes (followed by a big fall of course), otherwise will have to be content with smaller profits on retrace and continuation or retest.

I don't trade other than AU yet but certainly like that you are a man with a plan.
Hope for the best, prepare for the worst.
  • #151
  • Feb 29, 2016 8:24pm Feb 29, 2016 8:24pm
ok guys, while waiting for some setups, lets enjoy the beauties of this new super car

http://www.bugatti.com/chiron/
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As Above, So Below
  • #152
  • Feb 29, 2016 9:18pm Feb 29, 2016 9:18pm
Quoting tashkent
ok guys, while waiting for some setups, lets enjoy the beauties of this new super car http://www.bugatti.com/chiron/ {image}
lol, cars are nice but these get my attention ha
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  • #153
  • Mar 1, 2016 2:05am Mar 1, 2016 2:05am
Price has got to an area I was waiting for. Entered a few shorts at 7183 , area was used for a bit of support last week , (yellow circle ) see if there is any resistance there , will see how much of a bounce we get at 7165 ,== yesterdays high and weekly pivot area if it gets back to it , if it gets thru it,,,, a good 1st target for me would be the weekly S1 at 7073 cheers all
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  • #154
  • Mar 1, 2016 3:20am Mar 1, 2016 3:20am
been waiting for some action and it all happens in the 2 hours I'm away from laptop! looking for entry points
  • #155
  • Mar 1, 2016 3:24am Mar 1, 2016 3:24am
Quoting georgemoon
been waiting for some action and it all happens in the 2 hours I'm away from laptop! looking for entry points
lol, know the feeling , hard to catch them just right for sure
  • #156
  • Mar 1, 2016 3:25am Mar 1, 2016 3:25am
I am taking some profit here on some shorts , may get a bounce from the open , stps have been adjusted on the rest
  • #157
  • Mar 1, 2016 3:35am Mar 1, 2016 3:35am
Quoting digger1
I am taking some profit here on some shorts , may get a bounce from the open , stps have been adjusted on the rest
yeah i was wanting to short quite agressively from the .7185 area ah well! the daily and monthly are still bearish so looking for a break of this raising wedge pattern we are in.
  • #158
  • Mar 1, 2016 3:49am Mar 1, 2016 3:49am
Quoting tashkent
{quote} if you are short eu and long uj, then you must be on money i had a uj long from 111 area, unfortunately trailing tp hit after about 150 pips, now we are almost at 114 also short biased gbpusd but no trades. have no clue what is going to happen with eurousd, have not been trading for a while. more into audusd lately, now so pissed off how this au tricked me yesterday. and this is happening right after i said i am calling off my short bias anyway, will wait and see what is going to happen next week
Hey Tash,
Gonna risk a short on AU, based on potential break of lower TL. It's a coin-toss trade atm.
I've got a short on AJ already from 8111. I'm banking that AJ will drag AU with it.
A pip is only worth it if you know how much you risked to earn it
  • #159
  • Mar 1, 2016 6:50am Mar 1, 2016 6:50am
Quoting vlady1974
{quote} Hey Tash, Gonna risk a short on AU, based on potential break of lower TL. It's a coin-toss trade atm. I've got a short on AJ already from 8111. I'm banking that AJ will drag AU with it.
Hey Vlady,
looks like many of us here waiting for that decisive movement
below 7060 would clear some doubts.
we had a set of negative data yesterday but au held and even went up (and still going up) as expected. at least one positive data would have taken us to above 72, which would be a better spot to short. still thinking 7215 is valid and holding a temporary long (had to re-enter at 7126 after previous died at be). if today's us pmi misses or exceeds expectations significantly, we will see some volatility. ps. my aj hit trailing stop. right now concentrating more on audchf.
have a great week!
As Above, So Below
  • #160
  • Mar 1, 2016 7:53am Mar 1, 2016 7:53am
Quoting tashkent
{quote} Hey Vlady, looks like many of us here waiting for that decisive movement below 7060 would clear some doubts. we had a set of negative data yesterday but au held and even went up (and still going up) as expected. at least one positive data would have taken us to above 72, which would be a better spot to short. still thinking 7215 is valid and holding a temporary long (had to re-enter at 7126 after previous died at be). if today's us pmi misses or exceeds expectations significantly, we will see some volatility. ps. my aj hit trailing stop....
Yes, ageed mate. I took small pips on the shorts of AU and AJ but during this London session, my focus shifted to shorts of GU.
Made a big mistake on DAX catching knives being thrown upwards, looking for the top but then got that back + more.
Currently short on GU, EU and got an early long on DAX. I did have a short on AJ but I closed it.

AU looks to go higher but AJ (looking at monthly) definitely down. However, the play could take weeks and may see AJ revisit the breakline of 8448.
What gets me about AU is the DAILY upward squeeze movement since January... it's almost a large scale short squeeze. So 7245 isn't out of the cards.
A pip is only worth it if you know how much you risked to earn it
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