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AUD/USD

  • #96,921
  • May 2, 2016 9:36pm May 2, 2016 9:36pm
Just gained 5% equity on this move alone
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #96,922
  • May 2, 2016 9:37pm May 2, 2016 9:37pm
Quoting PaulDaemon
{quote} unreal they cut. Funny enough I sent them an email 2 weeks ago explaining to them why they need to cut and I actually got a reply. I see back to .72 by end of the week
Finally some sense from those people. A little bit late, but better late then never. Hope now the bulls will be bitten in their stubborn asses.
  • #96,923
  • May 2, 2016 9:38pm May 2, 2016 9:38pm
Rate cut came....... So now it is back to watching the volume on this 7580 - 7600 level.
If we get heavy volume follow up sell and it doesn't recover back to above mentioned level...... then 7850 target is off.

Any recovery means 7850 is still intact.
  • #96,924
  • May 2, 2016 9:39pm May 2, 2016 9:39pm
Quoting Davit
Just gained 5% equity on this move alone
i love aussie, kiwi red news

best basket trading + easy multiple 100pips move + tight SL
  • #96,925
  • May 2, 2016 9:39pm May 2, 2016 9:39pm
Quoting cold chisel
{quote} Finally some sense from those people. A little bit late, but better late then never. Hope now the bulls will be bitten in their stubborn asses.
Stevens is quite sneaky is his approach.

yep alot of longs will be cleaned up once more.

Short on the highs...
20 Pips a day keeps centerlink away
  • #96,926
  • May 2, 2016 9:40pm May 2, 2016 9:40pm
Quoting acit
{quote} i love aussie, kiwi red news best basket trading + easy multiple 100pips move + tight SL
agree shorting NU as well though it needs more time
In trading, you have to be defensive and aggressive at the same time
  • #96,927
  • May 2, 2016 9:42pm May 2, 2016 9:42pm
This news is there to take the spotlight off the dodgy budget being released tonight
  • #96,928
  • May 2, 2016 9:48pm May 2, 2016 9:48pm
Celebrate! The witch is dead!
  • #96,929
  • May 2, 2016 9:49pm May 2, 2016 9:49pm
Welcome to Australia's Recession


I just came back to let you know.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD t1 (05-03-2016 1442).png Size: 27 KB


CrucialPoint out.
  • #96,930
  • May 2, 2016 9:49pm May 2, 2016 9:49pm
Quoting PaulDaemon
{quote} unreal they cut. Funny enough I sent them an email 2 weeks ago explaining to them why they need to cut and I actually got a reply. I see back to .72 by end of the week
Seriously? How long will this sell rally last until it makes some minor upward correction?
  • #96,931
  • May 2, 2016 9:52pm May 2, 2016 9:52pm
I've been trading this all night, as soon as it hit 0.7700 I entered shorts. Result!
  • #96,932
  • May 2, 2016 10:01pm May 2, 2016 10:01pm
$.$ pair of the the week.

Target to 0.7350 daily support
The only true wisdom is in knowing you know nothing.
  • #96,933
  • May 2, 2016 10:02pm May 2, 2016 10:02pm
Quoting redalert
This news is there to take the spotlight off the dodgy budget being released tonight
What would you expect from a Goldman Sachs banker and Un-Elected Pm running the Country.
  • #96,934
  • May 2, 2016 10:05pm May 2, 2016 10:05pm
VERY surprised, very atypical RBA, in fact this is the first time ever I've been wrong on an RBA move when I've taken a punt. But that's fine, that's what SLs are for.

Watching 0.754-0.755 on my chart - this is the support which needs to hold if this uptrend is to continue.
  • #96,935
  • May 2, 2016 10:17pm May 2, 2016 10:17pm
Quoting Starcraftmaz
VERY surprised, very atypical RBA, in fact this is the first time ever I've been wrong on an RBA move when I've taken a punt. But that's fine, that's what SLs are for. Watching 0.754-0.755 on my chart - this is the support which needs to hold if this uptrend is to continue.
I believe this uptrend is finished my friend. I am looking at 0.72 over the next week or two.
  • #96,936
  • May 2, 2016 10:21pm May 2, 2016 10:21pm
Quoting Denden2012
{quote} I believe this uptrend is finished my friend. I am looking at 0.72 over the next week or two.
20 Pips a day keeps centerlink away
  • #96,937
  • May 2, 2016 10:24pm May 2, 2016 10:24pm
Quoting SkyrEk
With RBA looming tomorrow, i'm having a neutral bias. I told myself that if i have any open positions prior to RBA, i'm a gambler, not a trader. Unless we have insider information or we are friends with Stevens, there is no way to determine what is the outcome. Hence, i will let the dust settle first before executing a trade tomorrow. Kinda done for today, scalping for about 10- 20 pips for the day. Have a good trading week ahead!

Congrats to all whom bet on a rate cut. Good 100+ pips in profit. For me, trading just started Controlled environment is what i desire.
  • #96,938
  • May 2, 2016 10:27pm May 2, 2016 10:27pm
As expected, RBA cut down the cash rate by 25 bps, dragged the AUDUSD down; though, a break below 0.7500 isn't there, which in-turn signals continued strength on the part of the pair.
Attached Image (click to enlarge)
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  • #96,939
  • May 2, 2016 10:28pm May 2, 2016 10:28pm
We are in the clappers
Rate cut after rate cut and and threat of losing AAA rating. A govt that can't make a decision and another that doesn't think before sending billions down the toilet.

Thing is, rates are so low now that it just inspires fear rather than spending. Past the point of no return until we are rescued again from abroad
Come with me if you want to live....
  • #96,940
  • May 2, 2016 10:29pm May 2, 2016 10:29pm
A/$ may dip to .7527 and then its business as usual....on its way to .83XX.
The DX is on its way to sub 89.34....gold nor silver blinked on this cut and the Cad hardly moved on the news.
I may not be right...BUT, I am never wrong
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