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AUD/USD

  • #98,321
  • Aug 8, 2016 2:29am Aug 8, 2016 2:29am
Quoting diegosilva
The strength of AUD is incredible.
once she breaks under 0.7590 its clear sell xD
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #98,322
  • Aug 8, 2016 2:32am Aug 8, 2016 2:32am
Quoting eqshack
{quote} once she breaks under 0.7590 its clear sell xD
I am thinking like the pair will be touching the long-term down-trendline (0.77-0.78) before going down.
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  • #98,323
  • Aug 8, 2016 2:36am Aug 8, 2016 2:36am
Quoting diegosilva
{quote} I am thinking like the pair will be touching the long-term down-trendline (0.77-0.78) before going down. {image}
possible. Buy near 0.7600 and Sell under 0.7590
seems legit

Im still short from 0.7558 , 0.7616-30 , 35 AND i keep adding because NZD rate cut will bring her down anyways
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #98,324
  • Aug 8, 2016 3:29am Aug 8, 2016 3:29am
I cashed in my shorts earlier today for minor profits, went long 76.05 & 76.1 Too much buying pressure, routinely higher lows. I see probability of 77+ also.
  • #98,325
  • Aug 8, 2016 4:03am Aug 8, 2016 4:03am
more longs ya add..more sure i am that it will fall fast and hard
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #98,326
  • Aug 8, 2016 4:46am Aug 8, 2016 4:46am
Quoting eqshack
more longs ya add..more sure i am that it will fall fast and hard
That's right. The more they buy, the more they burn.
  • #98,327
  • Aug 8, 2016 4:51am Aug 8, 2016 4:51am
anyone here watching for shorts with Aud/Cad?
  • #98,328
  • Aug 8, 2016 5:00am Aug 8, 2016 5:00am
Quoting eqshack
more longs ya add..more sure i am that it will fall fast and hard
I lean to the short side generally. Fundamentals, except short term iron ore say down. Right now the interest rate differential seems to be an attractive feature for buyers. It's pretty obvious somebody has accumulated a lot of longs recently, and it looks like they are still biting now. I'm not going to stand against them. I'm only long short term. Happy to be up a few pips. I"m not fussy, I take them whichever direction I can get them. Today it's long.
  • #98,329
  • Aug 8, 2016 5:02am Aug 8, 2016 5:02am
Quoting 2012mysterio
anyone here watching for shorts with Aud/Cad?

Already got 'em. Not workin' real well for me at the moment. My long A/U taken partly as a hedge.
  • #98,330
  • Aug 8, 2016 8:22am Aug 8, 2016 8:22am
after 3 hours still at same spot good fight is going on
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #98,331
  • Aug 8, 2016 9:51am Aug 8, 2016 9:51am
Guys,

It's really great to hear many collective inputs and it seems like many are waiting to short based on triple top structures and long term trend line. Meanwhile, how about the lower time frames like H1?

Does anyone here actually think that some potential long trades on the lower time frames can be done before we reach these extreme levels?

What do you guys think?

Safe trade to everyone here.
  • #98,332
  • Aug 8, 2016 9:51am Aug 8, 2016 9:51am
Shorting from 7672.
Dammn, i actually gave up on being long earlier and took profit at 7640. Gambled instead on going short from there hoping to catch a few pips down. Didn't expect it to uptrend so rapidly after that.
That said, if it manages to break 7675 i'm gonna step aside for awhile until it settles somewhere. cos the top could be anywhere near OR otherwise it could fly up up and up to 7834..80c...
  • #98,333
  • Aug 8, 2016 10:02am Aug 8, 2016 10:02am
Quoting desmondho
Guys, It's really great to hear many collective inputs and it seems like many are waiting to short based on triple top structures and long term trend line. Meanwhile, how about the lower time frames like H1? Does anyone here actually think that some potential long trades on the lower time frames can be done before we reach these extreme levels? What do you guys think? Safe trade to everyone here.
a little risky to go long at this level (7660-70s) imo. somewhere here could sit a rush of sellers. unless you're disciplined enough to use a really tight stop.
for me i'd wait till 7650 highest to go long from (IF at all). not much on the H1 chart to lean on anyway.
  • #98,334
  • Aug 8, 2016 10:08am Aug 8, 2016 10:08am
Bloody hell it's been a long day.

I had 2 longs from 0.7635 levels (hardly ideal), I've closed 70% of them, rest SL 0.7638, very tempted to take a short here, but kind of speculative. Looking bearish on my 1h but unconfirmed as of yet on 4h and I need to go to bed, so I'll maybe take a small short here.
  • #98,335
  • Aug 8, 2016 11:14am Aug 8, 2016 11:14am
Quoting ell3
{quote} a little risky to go long at this level (7660-70s) imo. somewhere here could sit a rush of sellers. unless you're disciplined enough to use a really tight stop. for me i'd wait till 7650 highest to go long from (IF at all). not much on the H1 chart to lean on anyway.
@ell3,

Thanks for that comment and help. Do you personally take lower time frames on say H1? Or do you primarily trade the higher time frames?
  • #98,336
  • Aug 8, 2016 12:01pm Aug 8, 2016 12:01pm
Quoting desmondho
{quote} @ell3, Thanks for that comment and help. Do you personally take lower time frames on say H1? Or do you primarily trade the higher time frames?
anytime my friend. i go really short term into all my trades. it's mostly scalping, day trading. so i focus on the M5 chart largely. but i use the H1 H4 and daily chart to draw trend lines and mark S/R lines and follow the moving averages. i don't really hold positions long because it doesn't match my character ... don't have the patience to endure the intraday ups and downs.
how bout you?
  • #98,337
  • Aug 8, 2016 12:06pm Aug 8, 2016 12:06pm
Quoting ell3
{quote} a little risky to go long at this level (7660-70s) imo. somewhere here could sit a rush of sellers. unless you're disciplined enough to use a really tight stop. for me i'd wait till 7650 highest to go long from (IF at all). not much on the H1 chart to lean on anyway.
If you want to play the AUD, but aren't sure about USD strength, short EURAUD or GBPAUD or both. They are good for at least 200 pips each.

http://www.forexfactory.com/showthre...80#post9073080
  • #98,338
  • Aug 8, 2016 12:09pm Aug 8, 2016 12:09pm
Quoting pipmaster77
{quote} If you want to play the AUD, but aren't sure about USD strength, short EURAUD or GBPAUD or both. They are good for at least 200 pips each. http://www.forexfactory.com/showthre...80#post9073080
What about EUR or GBP strength? Will you short if they are very strong and AUD weak?

KP
Do your homework, follow the footprints of smart money
  • #98,339
  • Aug 8, 2016 12:13pm Aug 8, 2016 12:13pm
Quoting KeenPips
{quote} What about EUR or GBP strength? Will you short if they are very strong and AUD weak? KP
The AUD has bullish momentum now. I think AUDUSD long is good as well, but USD may be strong for awhile as people buy into the cooked jobs numbers from Friday.
  • #98,340
  • Aug 8, 2016 12:14pm Aug 8, 2016 12:14pm
Quoting pipmaster77
{quote} The AUD has bullish momentum now. I think AUDUSD long is good as well, but USD may be strong for awhile as people buy into the cooked jobs numbers from Friday.
Noted, talking about now/atm
Do your homework, follow the footprints of smart money
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