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AUD/USD

  • #98,381
  • Aug 9, 2016 6:02pm Aug 9, 2016 6:02pm
Quoting Pip-Miner
Governor Stephens speaking today - hope he talks the currency down
Would not mind catching a longer term short today and holding for 69ish
  • #98,382
  • Aug 9, 2016 6:14pm Aug 9, 2016 6:14pm
What am I missing in the charts? Everyone talking about shorts. Just trying to pick the top? There is nothing in my charts that says short.
  • #98,383
  • Aug 9, 2016 7:29pm Aug 9, 2016 7:29pm
Look out shorts, they're gonna run all your stops.
  • #98,384
  • Aug 9, 2016 7:42pm Aug 9, 2016 7:42pm
Quoting pipmaster77
Look out shorts, they're gonna run all your stops.
Yes you r right, whenever market is short selling , the tendency to go the other way stands out with / without News.
  • #98,385
  • Aug 9, 2016 7:54pm Aug 9, 2016 7:54pm
Quoting pipmaster77
Look out shorts, they're gonna run all your stops.
if Algo's will execute all trades for MMs these kinda runs will happen daily i think
  • #98,386
  • Aug 9, 2016 7:57pm Aug 9, 2016 7:57pm
Quoting raiders
{quote} Would not mind catching a longer term short today and holding for 69ish
Opened up a short at 7692..lets see if it holds
  • #98,387
  • Aug 9, 2016 8:24pm Aug 9, 2016 8:24pm
Short from here 7695 will take full risk 300 pips TP 100 Pips SL
lets see whats gonna happen
  • #98,388
  • Aug 9, 2016 9:17pm Aug 9, 2016 9:17pm
Quoting raiders
{quote} Opened up a short at 7692..lets see if it holds
got few positions in that area this is a macro trade for me so my next sell will be at 78.35. I try to avoid trading the local normally but its way over valued
  • #98,389
  • Aug 9, 2016 9:40pm Aug 9, 2016 9:40pm
Quoting Pip-Miner
{quote} got few positions in that area this is a macro trade for me so my next sell will be at 78.35. I try to avoid trading the local normally but its way over valued
I really hope we dont get that high. I figure if 7720 goes there might be a serious run. Anyways, were looking ok so far..its putting up a hell of a fight but ive got levels lined up on the way down so if it does break from here its gonna be a nice few weeks
  • #98,390
  • Aug 9, 2016 9:49pm Aug 9, 2016 9:49pm
Quoting raiders
{quote} I really hope we dont get that high. I figure if 7720 goes there might be a serious run. Anyways, were looking ok so far..its putting up a hell of a fight but ive got levels lined up on the way down so if it does break from here its gonna be a nice few weeks
i consider it a high probability look at the resistance bro - daily level
  • #98,391
  • Aug 9, 2016 9:54pm Aug 9, 2016 9:54pm
Quoting Pip-Miner
{quote} i consider it a high probability look at the resistance bro - daily level
The 1H has got some pretty solid divergence so I figured it was worth a shot.
  • #98,392
  • Aug 9, 2016 10:33pm Aug 9, 2016 10:33pm
Ive gone short also at .76903
20 Pips a day keeps centerlink away
  • #98,393
  • Aug 9, 2016 11:15pm Aug 9, 2016 11:15pm
Aud arguing with weekly R1 atm. Currently long from a while ago, would really like to see a nice pop up out of this tight daily channel its in . Other than a few scalp shorts the good money has been buying the dips. Contrarian veiw it would seem here. It is above the daily 200, its had a nice bounce from the quarterly open and pivot , it has broken above the yearly average . There is still a few good targets within range,,,,,,,,,,,just saying lol. Cheers all.
Attached Image (click to enlarge)
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  • #98,394
  • Aug 10, 2016 12:25am Aug 10, 2016 12:25am
Quoting desmondho
{quote} Maybe you can tell us more about your views on why you felt that the longs were fishy? Personally, I trade on the lower time frames such as the H1. I just move my stop to break even. Maybe you can tell us at what price you feel there could be a large supply. Let us hear from your opinions and analysis too? Below is my current trade position. Hope that it can develop well and hit the take profit. Safe trade to all here. {image}
Guys,

Spotted some bearish weakness on the H1 chart and I have decided to close out my AUD/USD position. However, I am still monitoring this pair at this time frame because another break out opportunity might happen once again. H4 time frame is still showing bullish sentiment.

What do you guys think?

Safe trade to all.
Attached Image (click to enlarge)
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  • #98,395
  • Aug 10, 2016 12:31am Aug 10, 2016 12:31am
Quoting ZenNy
PO short 7676
stopped...now PO 7721
trading is simple but is simple is not easy.
  • #98,396
  • Aug 10, 2016 12:48am Aug 10, 2016 12:48am
Reaching heavier resistance at 7720 - topside trend line and 2 May 2016 high. Expecting a correction from there.
Took profit on my short last night at 7666. Didn't dare enter long otherwise that would have been great again, given the 40pip run up earlier. Watching keenly to see what Europe and London do at the open. Got a small short from 7700, will add to it if it goes higher and target 7687 (yesterday's high) to close profit.
  • #98,397
  • Aug 10, 2016 1:12am Aug 10, 2016 1:12am
Quoting desmondho
{quote} Guys, Spotted some bearish weakness on the H1 chart and I have decided to close out my AUD/USD position. However, I am still monitoring this pair at this time frame because another break out opportunity might happen once again. H4 time frame is still showing bullish sentiment. What do you guys think? Safe trade to all. {image}
You're confirming what I was thinking.

This time different time frames are giving opposite signals, price is not on top, and maybe it has some more room, so I'll step aside a few hours and watch how it develops.
A good strategy for trading is... the opposite of having a bad strategy.
  • #98,398
  • Aug 10, 2016 1:19am Aug 10, 2016 1:19am
Quoting PowerTrade
{quote}.... This time different time frames are giving opposite signals, price is not on top, and maybe it has some more room, so I'll step aside a few hours and watch how it develops.
Wise decision; probably sideways trading is at play.


KP
Do your homework, follow the footprints of smart money
  • #98,399
  • Aug 10, 2016 2:04am Aug 10, 2016 2:04am
got out of my shorts just not happening - like them to go straight down.
  • #98,400
  • Aug 10, 2016 3:08am Aug 10, 2016 3:08am
Quoting ZenNy
{quote} stopped...now PO 7721
Cancelled.

My two losses all coming from shorting this lady (au and ac).

I know she is tired but bears in great numbers are not showing and the few turn in bulls by covering (me).

at this stage maybe limit orders is not the best option......

240m chart.
Attached Image (click to enlarge)
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trading is simple but is simple is not easy.
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