AUD/USD

[Froggywar]

I have made a foolish mistake buying AUD/USD when it was 0.90 28 as with this picture




Anyone think I should pull out or just let it stay and wait with the hopes the market pics up to were I can sell it at 0.90 28.

If I was to pull out when should I?

 

[Hodgie]

I have made a foolish mistake buying AUD/USD when it was 0.90 28 as with this picture

View attachment 56322


Anyone think I should pull out or just let it stay and wait with the hopes the market pics up to were I can sell it at 0.90 28.

If I was to pull out when should I?

You asking for quite specific advice here. Forum rules don't allow advice such as this to be provided.

 

[cynic]

You asking for quite specific advice here. Forum rules don't allow advice such as this to be provided.

+1

Posters sometimes circumvent this rule by asking the question in a hypothetical context (i.e hypothetically speaking, if you were to find yourself in this situation, what might you choose to do to manage it?).

 

[MARKETWINNER]

It is very hard to predict in the short run. Some types of volatility could be there. As I said before I am bearish on NZD and AUD. I am bullish on the USD.

Please do not take this as an investment advice. Please do your home work and stay with your own successful strategy.

- - - Updated - - -

You asking for quite specific advice here. Forum rules don't allow advice such as this to be provided.

I agree with you.

 

[TulipFX]

Underlying USD strength as the market prices in US Fed cutting back on its stimulus package.

 

[cogs]

I have made a foolish mistake buying AUD/USD when it was 0.90 28 as with this picture

Click image for larger version. Name: AUDUSD.png Views: 8 Size: 5.3 KB ID: 56322


Anyone think I should pull out or just let it stay and wait with the hopes the market pics up to were I can sell it at 0.90 28.

If I was to pull out when should I?

Employment figures coming out at 11AM today.

 

[Trembling Hand]

I have made a foolish mistake buying AUD/USD when it was 0.90 28 as with this picture

View attachment 56322


Anyone think I should pull out or just let it stay and wait with the hopes the market pics up to were I can sell it at 0.90 28.

If I was to pull out when should I?

I wonder what you did? it was actually in the green last night for a while. You would be in a world of pain now though?

 

[TheUnknown]

What is the cheapest and best way to short the AUD. My little prediction is 80cents is near. anyone know best way?

 

[>Apocalypto<]

What is the cheapest and best way to short the AUD. My little prediction is 80cents is near. anyone know best way?

imo retail FX broker... best spreads 0-low coms

 

[havaiana]

What is the cheapest and best way to short the AUD. My little prediction is 80cents is near. anyone know best way?

If you want to do a longer term trade and not have to worry about managing it, you could consider buying a put option. Or with a target of 80 could even use some sort a strike option or binary

 

[CanOz]

My little prediction is 80cents is near.

This is like, the most talked about level in currencies at the moment....everyone is saying 80 cents.

 

[kid hustlr]

This is like, the most talked about level in currencies at the moment....everyone is saying 80 cents.

makes me want to buy it now

 

[CanOz]

makes me want to buy it now

Well i did hear that just after Christmas, typical New Years predictions and all...Now that its broken everyone else is jumping on the bandwagon...

 

[>Apocalypto<]

Well i did hear that just after Christmas, typical New Years predictions and all...Now that its broken everyone else is jumping on the bandwagon...

nothing like a few solid moves to get the crowd going.

 

[Boggo]

Daily chart follow up from previous post...
https://www.aussiestockforums.com/f...t=3117&page=57&p=809520&viewfull=1#post809520

First target reached.
(click to expand)

 

[forextrader168]

AUDUSD Forecast for the week 20th January, 2014


Daily Chart



We have broken a main support last week after rejecting the monthly pivot level
A retest of which now as resistance would be a good entry for trend continuation down
Forecast support is at the 127.2fib ext which also is the Monthly S2 pivot at 0.862




Hourly Chart

We are hoping the market would retrace to around the 50% (127.2ex) or 61.8 (161.8ex) so we could go short

Outlook Trade opportunity
Trade opportunity to go short and follow the trend is shown on the H1 Chart


Risk Level LOW

Tips -

 

[forextrader168]

For those who followed my analysis trade setup should have got close to 200pips out of this move down

I have a scalp trade coming up (for today only)

Cheers

AUDUSD Forecast for the week 20th January, 2014


Daily Chart



We have broken a main support last week after rejecting the monthly pivot level
A retest of which now as resistance would be a good entry for trend continuation down
Forecast support is at the 127.2fib ext which also is the Monthly S2 pivot at 0.862




Hourly Chart

We are hoping the market would retrace to around the 50% (127.2ex) or 61.8 (161.8ex) so we could go short

Outlook Trade opportunity
Trade opportunity to go short and follow the trend is shown on the H1 Chart


Risk Level LOW

Tips -

 

[Koeln]

What is the cheapest and best way to short the AUD. My little prediction is 80cents is near. anyone know best way?

I use an ETF, which is quite easy. Lookup symbol USD on ASX. (in eTrade or comsec)
Most likley there are plenty of others as well...

 

[Boggo]

I am short stop at .9065 looking for 83ish

Still heading the towards your target, ~85 next area of attraction.

Follow up from here...
https://www.aussiestockforums.com/f...t=3117&page=57&p=809520&viewfull=1#post809520
and here...
https://www.aussiestockforums.com/f...t=3117&page=58&p=810205&viewfull=1#post810205

(click to expand)

 

[>Apocalypto<]

Still heading the towards your target, ~85 next area of attraction.

Follow up from here...
https://www.aussiestockforums.com/f...t=3117&page=57&p=809520&viewfull=1#post809520
and here...
https://www.aussiestockforums.com/f...t=3117&page=58&p=810205&viewfull=1#post810205

(click to expand)

Cut that trade a while ago Boggo, just sticking to my GJ 1hour plan.