AUD/USD | Page 4888 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

AUD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply

The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies

AUD Trade Balance and AUD Retail sales 6 replies

Attachments: AUD/USD
Exit Attachments

AUD/USD

  • #97,741
  • Jun 17, 2016 2:37am Jun 17, 2016 2:37am
Quoting Vorex
{quote} Poor woman, RIP, very sad, I guess this increases the chances of Bremain which means GBP going higher.
If i'm gonna bet, i will buy GBP. Whether is it Brexit or Bremain, GBP dropped alot in the past 2 weeks, so its kinda priced in already (Brexit) and in a 'discount'.

But then again, i will be on the sideline.
  • #97,742
  • Jun 17, 2016 2:43am Jun 17, 2016 2:43am
For those feeling frustrated trading AU in recent days, fret not. This is because the markets are as jittery as you are. FED didn't hike rates and that was expected. Dovish Yellen didn't cause USD to sell off. Everything is in a 'standstill'. The murder of Jo Cox (with all due respect) halt campaigns. This will result in markets being in a turnmoil for a longer period of time.

What is AU doing? NOTHING.
Whip-lashing to wipe out buyers and sellers. Regardless of your bias, if you over-leverage, more likely than not, you will be wiped out easily. Hence, why not use this opportunity to take a break, wait for UK referendum to be over before dipping your fingers into the markets again. Trading in calmer conditions will allow you to be more profitable as well.

That's my humble opinion. I will close out my shorts in time to come and have no open positions prior to the referendum.

Good weekends to all!
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 37 KB
  • #97,743
  • Jun 17, 2016 4:26am Jun 17, 2016 4:26am
Quoting SkyrEk
For those feeling frustrated trading AU in recent days, fret not. This is because the markets are as jittery as you are. FED didn't hike rates and that was expected. Dovish Yellen didn't cause USD to sell off. Everything is in a 'standstill'. The murder of Jo Cox (with all due respect) halt campaigns. This will result in markets being in a turnmoil for a longer period of time. What is AU doing? NOTHING. Whip-lashing to wipe out buyers and sellers. Regardless of your bias, if you over-leverage, more likely than not, you will be wiped out easily....
Mate!!! Whate sort of heretic are you !!!!
Time out ? ...
Sit back and refuse to feed the beast ?



Cheers ....... Well said ...... I'm with U
  • #97,744
  • Jun 17, 2016 6:46am Jun 17, 2016 6:46am
Could be a "false" break and a continuation of the uptrend from my previous chart posted (breakout) just earlier, but I think it's a bit straw-clutchy. I don't really want to be trading AUDUSD as it's doing jack all.
  • #97,745
  • Jun 17, 2016 10:12am Jun 17, 2016 10:12am
Quoting Starcraftmaz
Could be a "false" break and a continuation of the uptrend from my previous chart posted (breakout) just earlier, but I think it's a bit straw-clutchy. I don't really want to be trading AUDUSD as it's doing jack all.
neh, playing the AUD today was fun while it lasted, for 2-3 profits per trade (had nothing else to do anyway, so figured setting aside a small amount of risk was worth it). made about 30 pips cumulatively, but careless as always again..DAMN..just went long, went to take a piss and came back to see it 24pips below. if it doesn't move back up there goes the earnings made slowly and carefully today from the scalping can't wait for the referendum to be over so we can get back in the (slightly more) normal scheme of things.
  • #97,746
  • Jun 17, 2016 5:38pm Jun 17, 2016 5:38pm
Quoting Starcraftmaz
Could be a "false" break and a continuation of the uptrend from my previous chart posted (breakout) just earlier, but I think it's a bit straw-clutchy. I don't really want to be trading AUDUSD as it's doing jack all.
Break of what? With all due respect but I give it a 75% chance of dropping off from here.
  • #97,747
  • Jun 18, 2016 12:41am Jun 18, 2016 12:41am
AUD Commitment of traders added around 4000 longs and cut about 4900 shorts. Still leaving AUD in a net short position.

The down trend will continue...

A lot of brokers are rumored to be widening spreads next week and have put out alerts to traders to be aware of high volatility. This will mainly effect EUR and GBP cross pairs.

With the Brexit referendum happening next week I think its time to take a trading holiday until the dust settles.

Attached Image
20 Pips a day keeps centerlink away
  • #97,748
  • Jun 18, 2016 3:09am Jun 18, 2016 3:09am
Quoting PaulDaemon
AUD Commitment of traders added around 4000 longs and cut about 4900 shorts. Still leaving AUD in a net short position. The down trend will continue... A lot of brokers are rumored to be widening spreads next week and have put out alerts to traders to be aware of high volatility. This will mainly effect EUR and GBP cross pairs. With the Brexit referendum happening next week I think its time to take a trading holiday until the dust settles. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: COTAU.jpg Size: 121 KB
  • #97,749
  • Jun 18, 2016 3:12am Jun 18, 2016 3:12am
7410 area remains resistance.
  • #97,750
  • Jun 19, 2016 8:16am Jun 19, 2016 8:16am
Looking over my charts, trading action in June kind of resembles mid April to start of May (which was followed by drops drops drops). Anyone else think so?

(15m)
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-possible-breakdown.png Size: 66 KB
  • #97,751
  • Jun 19, 2016 1:03pm Jun 19, 2016 1:03pm
Neutral at this point.
  • #97,752
  • Jun 19, 2016 1:37pm Jun 19, 2016 1:37pm
Quoting Starcraftmaz
Looking over my charts, trading action in June kind of resembles mid April to start of May (which was followed by drops drops drops). Anyone else think so? (15m) {image}
Not after Dovish Feds and poor Job numbers and increasing unemployment claims.
In trading, you have to be defensive and aggressive at the same time
  • #97,753
  • Jun 19, 2016 5:33pm Jun 19, 2016 5:33pm
Pretty quick gap close. I'm just back from my long holiday so want to get back into it, it stinks that this it the brexit week and there's no clear direction
  • #97,754
  • Jun 19, 2016 8:04pm Jun 19, 2016 8:04pm
Quoting Starcraftmaz
Pretty quick gap close. I'm just back from my long holiday so want to get back into it, it stinks that this it the brexit week and there's no clear direction
just scalp from the S/R points. see a bit of profit, take it. the market won't run far too often within the day, but if it runs against you quickly take a loss and exit..cos if it does run, it could run quickly.
for starters, just took a 4pip scalp from S/R line off 7441. trade safe this week friends!
  • #97,755
  • Jun 19, 2016 11:11pm Jun 19, 2016 11:11pm
Quoting Starcraftmaz
Pretty quick gap close. I'm just back from my long holiday so want to get back into it, it stinks that this it the brexit week and there's no clear direction
Sorry, but I didn't see gap closed already. Which broker are you? Is gap closed on yours?
Simple is powerful all the time.
  • #97,756
  • Jun 19, 2016 11:26pm Jun 19, 2016 11:26pm
Quoting RiverTrader
{quote} Sorry, but I didn't see gap closed already. Which broker are you? Is gap closed on yours?
It's traded lower (74.07) than the previous day's Hi of 74.11.
  • #97,757
  • Jun 20, 2016 12:03am Jun 20, 2016 12:03am
Quoting Balmain Boy
{quote} It's traded lower (74.07) than the previous day's Hi of 74.11.
Not that it matters to my trading system but I thought gap was from closing price eg 7393 on FF chart
Hope for the best, prepare for the worst.
  • #97,758
  • Jun 20, 2016 12:09am Jun 20, 2016 12:09am
quick google search suggests both definitions exist
Hope for the best, prepare for the worst.
  • #97,759
  • Edited 1:48am Jun 20, 2016 1:26am | Edited 1:48am
Quoting RiverTrader
{quote} Sorry, but I didn't see gap closed already. Which broker are you? Is gap closed on yours?
Actually it's true, didn't quote close on the last tp of Friday - though it was pretty close, and it did go below Friday's high. From my perspective that's what I was referring to.
  • #97,760
  • Jun 20, 2016 2:52am Jun 20, 2016 2:52am
what do you guys think about the possibility of "risk-off" (i.e. selling of risk currencies and equities) in the next few days as investors generally dump risky assets prior to the vote?
i'm thinking that will quite certainly happen, and for that matter to say sell each spike in the AUD may be the safer trade. not sure when today's risk-on sentiment will wane off and turn around though. but if and when it does it could be nasty
32 traders viewing now