Comments on: AUD: Heavy short-covering taking place

By: Sean Lee

Sean Lee — Tue, 09 Jul 2013 08:33:56 +0000

Nice Lam-Son, as long as it works our profitably that’s the main thing. Just a glance at daily AUD/USD shows how far its come so retracements are just normal part of trading

By: Lam-Son

Lam-Son — Tue, 09 Jul 2013 08:27:53 +0000

You are a legend Sean. I didn’t fully trust this rally. I sold a bit of AUDUSD but kept selling EURAUD. I have a mixed bag but the good news is that I sell more EURAUD than AUDUSD 🙂

By: Sean Lee

Sean Lee — Tue, 09 Jul 2013 08:08:50 +0000

Fair call I think Jack, if level is tested and holds first attempt then maybe sell with tight stop? I’m sure there are still a lot like me who were long from higher up and maybe didn’t stop out through 15100 and will be keen to sell rallies now?

By: JACK

JACK — Tue, 09 Jul 2013 07:34:12 +0000

noted,thanks!! but for you would consider short cable from 1.501, the previous double bottom
resistance?? although I’m know you r bullish on cable, but the chart it seen very attach to me.

By: Sean Lee

Sean Lee — Tue, 09 Jul 2013 07:18:34 +0000

9100/20 now buy zone Jack

By: JACK

JACK — Tue, 09 Jul 2013 07:17:17 +0000

Hi Sean good day, currently close half of AUDUSD position, still plan consider buy dips, but which level would you consider? Short-term support seen like at 0.914 and this morning low 0.908, or are u looking lower? thanks