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AUD/USD

  • #96,761
  • Apr 27, 2016 3:08am Apr 27, 2016 3:08am
Quoting 10cents
Nothing has changed on the longer TF charts. If dip comes after FOMC, will be buying bear 7500 - 7530. If we get a buy up beyond 7680, gonna buy some as well. So not shorting this pair.
Not convinced this is the reversal the bears have been waiting for. All I'm seeing are great buy in opportunities.
  • #96,762
  • Apr 27, 2016 3:25am Apr 27, 2016 3:25am
Head and shoulders on the 5 HR chart. Similar on the 4 HR of course. A slightly complicated pattern with the previous gap.
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  • #96,763
  • Apr 27, 2016 4:12am Apr 27, 2016 4:12am
Since US Q1 GDP expected to be crap, it seems unlikely the Fed will be wanting to be hawkish, though that there is fundamental analysis and gambling on an upcoming announcement...

Not really sure what happens now, seems like it's hanging at 762 support (previous resistance, not major).
  • #96,764
  • Apr 27, 2016 4:35am Apr 27, 2016 4:35am
ok! we are going in the right direction

you need to have a hell of a patience, but eventually the waiting is what make money

still looking below 0.75 though
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  • #96,765
  • Apr 27, 2016 4:54am Apr 27, 2016 4:54am
Quoting 10cents
I honestly think the targets at 7850 - 79xx are still intact. Will be watching 2 levels with buy orders: 7550 - will buy if it reaches there 7680 - will buy back what got stopped out if it returns to this level on high volume. In short, nothing has changed.
You have said everything I have in mind. Nothing has changed on this pair. If we trade base on longer time frames,it's clear that nothing has really changed. AUDUSD may form bullish consolidation. Monthly bullish setup is too strong to be disappointed on daily
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #96,766
  • Apr 27, 2016 5:20am Apr 27, 2016 5:20am
I don't think the bulls are done yet either. Commodities have pushed this pair up and commodities are still trading at high levels due to speculation, not demand, but none the less remain at high levels. Buying the dips has been the most rewarding trade recently. I think it will take a retrace on commodities to turn the AUD around and send it down to where it belongs.
  • #96,767
  • Apr 27, 2016 5:22am Apr 27, 2016 5:22am
If you get in early enough you don't need to be afraid of our stop loss. My three bullish positions are still open. If setup fails, at least I have long rope to escape with my remaining profits
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #96,768
  • Apr 27, 2016 5:35am Apr 27, 2016 5:35am
Quoting galvcore
{quote} Not convinced this is the reversal the bears have been waiting for. All I'm seeing are great buy in opportunities.
The pair has got a pretty nice volume sell down since morning and didn't even touch 7500. If more momentum comes in during FOMC and still doesn't break 7500, my bet is it will bounce at that area.

I'm not convinced either but i guess a lot of hopeful shorts are. My guess is a lot of them shorted around the 7500 area.
  • #96,769
  • Apr 27, 2016 5:41am Apr 27, 2016 5:41am
Quoting Blackopal
I don't think the bulls are done yet either. Commodities have pushed this pair up and commodities are still trading at high levels due to speculation, not demand, but none the less remain at high levels. Buying the dips has been the most rewarding trade recently. I think it will take a retrace on commodities to turn the AUD around and send it down to where it belongs.
Have you look at the GU pair? That one is an absolute shorts killer for this few weeks. I thought it was done at 1.46...... now it looks like the pair has an even bigger surprise coming up.
  • #96,770
  • Apr 27, 2016 6:06am Apr 27, 2016 6:06am
Gold price still strong on longer timeframes
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #96,771
  • Apr 27, 2016 9:13am Apr 27, 2016 9:13am
Quoting 9jatrader
Gold price still strong on longer timeframes

hmmm....... i'm referring to GBPUSD.......
  • #96,772
  • Apr 27, 2016 9:27am Apr 27, 2016 9:27am
FOMC strategy anyone? Or staying out of the action?

Have a buy order at 7540, comfortable size with stop loss at roughly 100 pips below.
  • #96,773
  • Apr 27, 2016 9:52am Apr 27, 2016 9:52am
i'm out here, still very bearish and good momentum etc., but straight 180pips already today, i will eventually enter again later (on a retrace?).

it was nice staying with you audusd guys!
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  • #96,774
  • Apr 27, 2016 11:32am Apr 27, 2016 11:32am
hello users

my view on audusd trade !
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  • #96,775
  • Apr 27, 2016 12:17pm Apr 27, 2016 12:17pm
Quoting 10cents
FOMC strategy anyone? Or staying out of the action? Have a buy order at 7540, comfortable size with stop loss at roughly 100 pips below.

Got a small order filled at 7586....... manual stop.....
  • #96,776
  • Apr 27, 2016 1:20pm Apr 27, 2016 1:20pm
Quoting Pricegeo
hello users my view on audusd trade ! {image}
Nice one, simple and straight forward chart. So now we await the RBA on Tuesday. Meanwhile since the fed has spoken, I believe it's safe to go long for the purpose of riding the correction after today's 200 pip move. Entered at 7588, Manual close if it doesn't move above breakeven before I sleep. Otherwise setting a 10pip trailing stop and going to bed.
  • #96,777
  • Apr 27, 2016 1:21pm Apr 27, 2016 1:21pm
Quoting 10cents
{quote} hmmm....... i'm referring to GBPUSD.......
ok
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #96,778
  • Apr 27, 2016 1:23pm Apr 27, 2016 1:23pm
Quoting ell3
{quote} Nice one, simple and straight forward chart. So now we await the RBA on Tuesday. Meanwhile since the fed has spoken, I believe it's safe to go long for the purpose of riding the correction after today's 200 pip move. Entered at 7588, Manual close if it doesn't move above breakeven before I sleep. Otherwise setting a 10pip trailing stop and going to bed.
The only RBA stuff this week has been and gone, this morning at 2 o'clock London time
  • #96,779
  • Apr 27, 2016 1:34pm Apr 27, 2016 1:34pm
Quoting Don96
{quote} The only RBA stuff this week has been and gone, this morning at 2 o'clock London time
RBA meeting on 3may
  • #96,780
  • Apr 27, 2016 3:17pm Apr 27, 2016 3:17pm
It can test .7625 before any further fall
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