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AUD/USD

  • #98,341
  • Aug 8, 2016 12:27pm Aug 8, 2016 12:27pm
Quoting KeenPips
{quote} Noted, talking about now/atm
Now I'm just in a quick scalp off the 5 min on GBPAUD There is no movement NY afternoons. So I will reenter both on either a. a pullback or b. continuation. Only support I see on either pair is the 200 SMA on the weekly EURAUD chart.
  • #98,342
  • Aug 8, 2016 10:15pm Aug 8, 2016 10:15pm
The AUDUSD stays in a bullish channel and it may try to reach the 0.7700 level.
  • #98,343
  • Aug 8, 2016 10:42pm Aug 8, 2016 10:42pm
Quoting trademark
The AUDUSD stays in a bullish channel and it may try to reach the 0.7700 level.

Yep, just closed a couple of shorts, trying to pick up long from 76.2
  • #98,344
  • Aug 9, 2016 12:33am Aug 9, 2016 12:33am
It's rejected 0.765 4 times now recently, and the uptrend, while holding, is almost at it. Either it breaks higher or lower - but something has to happen soon. Until it does, I suggest there is unnecessary risk in taking positions.

I do have one short open from 765.
  • #98,345
  • Aug 9, 2016 1:04am Aug 9, 2016 1:04am
Imho, AUDUSD is in a sideways trading mode atm.

KP
Do your homework, follow the footprints of smart money
  • #98,346
  • Aug 9, 2016 1:44am Aug 9, 2016 1:44am
Quoting Starcraftmaz
It's rejected 0.765 4 times now recently, and the uptrend, while holding, is almost at it. Either it breaks higher or lower - but something has to happen soon. Until it does, I suggest there is unnecessary risk in taking positions. I do have one short open from 765.

The 4HR chart is like a flight of stairs. So far consistently higher lows. It seems to me accumulation is occurring up to about 76.4 , then pa hits brick wall at 76.6. I agree a break is about to occur. I'm leaning towards a break up. I think this run may push it through resistance. It's been very stubbornly refusing to stop pushing up. I have pending now 76.23, will T.P. around 77 if it makes it. I've been doing pretty well picking the short term reversals so far, tight stops to protect profits.
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  • #98,347
  • Aug 9, 2016 1:48am Aug 9, 2016 1:48am
darn. I closed my short from 7672 at 7654 cos I wanted to go to bed (I don't like holding positions overnight). That move down to the 100hour Ma a few hours later would have been awesome profitable.
But anyways, noting that the 100hour Ma still holds.
@starcraftmaz is right that we're gonna break out of this channel pretty soon. My view is still towards the upside because of a lack of fresh impetus to go down. The trend is your Friend till the end and imo the market hasn't found a reason to change this current upward trend yet.
  • #98,348
  • Aug 9, 2016 2:09am Aug 9, 2016 2:09am
Quoting ell3
darn. I closed my short from 7672 at 7654 cos I wanted to go to bed (I don't like holding positions overnight). That move down to the 100hour Ma a few hours later would have been awesome profitable. But anyways, noting that the 100hour Ma still holds. @starcraftmaz is right that we're gonna break out of this channel pretty soon. My view is still towards the upside because of a lack of fresh impetus to go down. The trend is your Friend till the end and imo the market hasn't found a reason to change this current upward trend yet.

You miss out on some of the best opportunities when you're sleeping. I missed the highs last night, had pending to close longs at 76.97 (optimistic). Settled for 76.56 when I woke up and shorted from there as well. Can't win em all. I have to go for long drive now, raised pending long to 76.25, do me a favor, ell, and look after it for me, would you?
  • #98,349
  • Aug 9, 2016 3:03am Aug 9, 2016 3:03am
Quoting ell3
darn. I closed my short from 7672 at 7654 cos I wanted to go to bed (I don't like holding positions overnight). That move down to the 100hour Ma a few hours later would have been awesome profitable. But anyways, noting that the 100hour Ma still holds. @starcraftmaz is right that we're gonna break out of this channel pretty soon. My view is still towards the upside because of a lack of fresh impetus to go down. The trend is your Friend till the end and imo the market hasn't found a reason to change this current upward trend yet.
@Ell3,

That's a waste! You might be able to profit handsomely since you trade on the lower time frames. Your tight sl might give you good risk to reward outcome. Anyway, I focus on trading the M30 and H1 time frame. I was longing the AUD/USD and like you went to sleep and I couldn't manage my position and the price came back to my entry. But, my trade setup was not invalidated, so I am still holding

Any new positions coming from you?

Safe trade to you!
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  • #98,350
  • Aug 9, 2016 6:56am Aug 9, 2016 6:56am
this rise is smelling quite fishy,so be careful guys, I have been telling this since last week
  • #98,351
  • Aug 9, 2016 7:09am Aug 9, 2016 7:09am
Quoting magicpips
this rise is smelling quite fishy,so be careful guys, I have been telling this since last week
"do not go long on this pair, warning!!!!"

"This is a speculative rise guys, so be careful with your longs, thanks"


Unfortunately your warnings don't come with anything to substantiate them
  • #98,352
  • Aug 9, 2016 7:16am Aug 9, 2016 7:16am
Quoting magicpips
this rise is smelling quite fishy,so be careful guys, I have been telling this since last week
EURAUD and GBPAUD still have atleast 300 pips each to the short side. Already grabbed a ton, just looking for good re entry later this morning.
  • #98,353
  • Aug 9, 2016 7:45am Aug 9, 2016 7:45am
Quoting magicpips
this rise is smelling quite fishy,so be careful guys, I have been telling this since last week
The whole move to the upside looks like a flag on the weekly time-frame. A new major drop is very likely, in my opinion.
  • #98,354
  • Aug 9, 2016 8:07am Aug 9, 2016 8:07am
PO short 7676
trading is simple but is simple is not easy.
  • #98,355
  • Aug 9, 2016 8:24am Aug 9, 2016 8:24am
It's pushing, but it can't get over. I feel like not going to bed tonight - too exciting to watch.
  • #98,356
  • Aug 9, 2016 8:32am Aug 9, 2016 8:32am
Quoting Blackopal
{quote} "do not go long on this pair, warning!!!!" "This is a speculative rise guys, so be careful with your longs, thanks" Unfortunately your warnings don't come with anything to substantiate them
There is also the COT report which has shown sustained adds of net longs. This has been the case for most of the year now. There was a reduction for a bit only after that bad Q1 CPI print but since then it's been net long from what I recall. Brexit might have tempered risk appetite, but it would appear that the search for yield is what is supporting higher AUD & NZD.
Enter Signature
  • #98,357
  • Aug 9, 2016 8:38am Aug 9, 2016 8:38am
I think that now could be sell. I think that will retest level of the lower trend line. After touch - definitely - only to buy.
This is D1
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Surrealist
  • #98,358
  • Aug 9, 2016 9:00am Aug 9, 2016 9:00am
Quoting Starcraftmaz
It's pushing, but it can't get over. I feel like not going to bed tonight - too exciting to watch.

"I feel like not going to bed tonight" I know exactly how you feel Mate, I've got to get up and go to work in 5 hours, but I've shorted A/U again and look at the damned thing pushing the boundaries again
  • #98,359
  • Aug 9, 2016 9:02am Aug 9, 2016 9:02am
Quoting san99
{quote} There is also the COT report which has shown sustained adds of net longs. This has been the case for most of the year now. There was a reduction for a bit only after that bad Q1 CPI print but since then it's been net long from what I recall. Brexit might have tempered risk appetite, but it would appear that the search for yield is what is supporting higher AUD & NZD.

Yeah the yield seems to be the main attraction....makes sense with a world gone mad with negative rates
  • #98,360
  • Aug 9, 2016 9:04am Aug 9, 2016 9:04am
Wow, what the hell was that?
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