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AUD/USD

  • #98,401
  • Aug 10, 2016 3:22am Aug 10, 2016 3:22am
time to short 0.7714
  • #98,402
  • Aug 10, 2016 3:32am Aug 10, 2016 3:32am
Quoting radical
time to short 0.7714
Could you tell us why?

KP
Do your homework, follow the footprints of smart money
  • #98,403
  • Aug 10, 2016 3:36am Aug 10, 2016 3:36am
Quoting radical
time to short 0.7714
done at 7715
  • #98,404
  • Aug 10, 2016 3:39am Aug 10, 2016 3:39am
there is no short signal yet, although there is a massive weakining with macd h4 chart and daily rsi divergence,still could go up 0.7765 weekly pivot and than will look for short positions,so keep calm guys
  • #98,405
  • Aug 10, 2016 3:45am Aug 10, 2016 3:45am
Quoting KeenPips
{quote} Could you tell us why? KP
I like the May high holding. well maybe March high.
  • #98,406
  • Aug 10, 2016 3:52am Aug 10, 2016 3:52am
Quoting ell3
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.
7687 profit target for the short from 7700 just touched earlier. Bought again at 7694 but closed off too early at 7705 (I thought it would fail and go back down).
Sold at 7710, 7720 targeting 7700.
Just a bit cautious that there hasn't been any reaction around the 7710-20 area. Thought it would be quite choppy given the significance of the zone.
  • #98,407
  • Aug 10, 2016 3:53am Aug 10, 2016 3:53am
Quoting magicpips
there is no short signal yet, although there is a massive weakining with macd h4 chart and daily rsi divergence,still could go up 0.7765 weekly pivot and than will look for short positions,so keep calm guys
i know. but thats just a tiny position i have there, reserving my bazooka for 78xx region.
  • #98,408
  • Aug 10, 2016 3:59am Aug 10, 2016 3:59am
It will be going to down
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  • #98,409
  • Aug 10, 2016 4:21am Aug 10, 2016 4:21am
I get the attractiveness of shorting, but you're shorting into a lot of strength at the moment. Could potentially go as high as 0.774 something tonight according to my chart.
  • #98,410
  • Aug 10, 2016 4:26am Aug 10, 2016 4:26am
Quoting Starcraftmaz
I get the attractiveness of shorting, but you're shorting into a lot of strength at the moment. Could potentially go as high as 0.774 something tonight according to my chart.
Thats true. It's been a one way street ever since London opened. I for one will be quitting my sells if it goes above 7725 (and that appears pretty soon) and maintains above 7720 into the NY open. And may be good to stand aside until 78+cents. Price action a little fishy. Don't wanna get caught long at this level.
  • #98,411
  • Aug 10, 2016 4:26am Aug 10, 2016 4:26am
Quoting Starcraftmaz
I get the attractiveness of shorting, but you're shorting into a lot of strength at the moment. Could potentially go as high as 0.774 something tonight according to my chart.
well its just 25 pips between 7715 and 7740
  • #98,412
  • Aug 10, 2016 4:36am Aug 10, 2016 4:36am
US dollar weakness has also been a key driver today and the USD has just completed a round trip. This could lead to a bounce off the current level. 7626 looks like a fake out above the important 7720 resistance level.

(plus perhaps some knock on effect from the kiwi squeezing out pre-RBNZ)
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  • #98,413
  • Aug 10, 2016 4:59am Aug 10, 2016 4:59am
I have a long position for now. I don't think it will stop rising before it reaches 0.7780.
  • #98,414
  • Aug 10, 2016 5:29am Aug 10, 2016 5:29am
Quoting ell3
US dollar weakness has also been a key driver today and the USD has just completed a round trip. This could lead to a bounce off the current level. 7626 looks like a fake out above the important 7720 resistance level. (plus perhaps some knock on effect from the kiwi squeezing out pre-RBNZ) {image}
Yes thats right USD has been weak across all pairs today, and not so much AUD strength.
20 Pips a day keeps centerlink away
  • #98,415
  • Aug 10, 2016 6:24am Aug 10, 2016 6:24am
Took a small short at 774, we'll see what happens, 7745 sl
  • #98,416
  • Aug 10, 2016 6:26am Aug 10, 2016 6:26am
Quoting Starcraftmaz
Took a small short at 774, we'll see what happens, 7745 sl

how do u trade with 5 pips sl?, ure most likely gon get stopped.
  • #98,417
  • Aug 10, 2016 6:27am Aug 10, 2016 6:27am
Yeah pretty obvious actually..all pairs have moved one way in favour of the USD for the last 12 hours. Although the AUD is strong, I'm still bracing for the appearance of sellers in big bulk. To me it's still a risk that aud has crawled past 7710-40 with barely any resistance.
  • #98,418
  • Aug 10, 2016 6:49am Aug 10, 2016 6:49am
Quoting Don96
may try short at 0.764x... high end of 0.765x... higher up longer term 0.775x and 0.779x for better RR... in same boat with NU
waiting on 0.775 0.77533 precisely for zone up until 0.779x
  • #98,419
  • Aug 10, 2016 6:55am Aug 10, 2016 6:55am
can be very dangerous fading the new extreme before a decent pullback or before a break of a major trend line.
trading is simple but is simple is not easy.
  • #98,420
  • Aug 10, 2016 7:24am Aug 10, 2016 7:24am
Quoting Don96
{quote} waiting on 0.775 0.77533 precisely for zone up until 0.779x
NU coming close, perhaps some dollar group weakness, it fits with my chart on NU and AU both very close to my levels
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