Comments on: AUD session outlook: Could be in for big fall if reserve manager bids don’t materialise https://fxww.com/aud-session-outlook-could-be-in-for-big-fall-if-reserve-manager-bids-dont-materialise/ The Professional Source Wed, 14 Nov 2012 23:49:46 +0000 hourly 1 By: Sean Lee https://fxww.com/aud-session-outlook-could-be-in-for-big-fall-if-reserve-manager-bids-dont-materialise/#comment-7127 Wed, 14 Nov 2012 23:49:46 +0000 http://fxww.dreamhosters.com/?p=2677#comment-7127 Thanks Jones, good luck with it++

]]> By: Jones https://fxww.com/aud-session-outlook-could-be-in-for-big-fall-if-reserve-manager-bids-dont-materialise/#comment-7126 Wed, 14 Nov 2012 23:40:36 +0000 http://fxww.dreamhosters.com/?p=2677#comment-7126 By the way, there are more SL sell orders below 1.033. Can’t see any solid bids until 1.03. Maybe that’s a better entry point for a long.

]]> By: Jones https://fxww.com/aud-session-outlook-could-be-in-for-big-fall-if-reserve-manager-bids-dont-materialise/#comment-7125 Wed, 14 Nov 2012 23:37:14 +0000 http://fxww.dreamhosters.com/?p=2677#comment-7125 Morning Sean, just closed my AUD long for 7 pip profit. Now I have money for breakfast 🙂

I got out of NZD just in time yesterday. The momentum to go up wasn’t strong, same as AUD right now. There’s SL sell orders at 1.035 and there’s some buy orders around 1.034. So I’m going long again at 1.034, maybe for another 7 pip so I can have breakfast tomorrow too 🙂

]]> By: Sean Lee https://fxww.com/aud-session-outlook-could-be-in-for-big-fall-if-reserve-manager-bids-dont-materialise/#comment-7122 Wed, 14 Nov 2012 23:21:37 +0000 http://fxww.dreamhosters.com/?p=2677#comment-7122 Morning Jones, agree that quick scalp could well be the way to go. Hope NZD didn’t hurt too much yesterday, now you know why its rightfully blacklisted 🙁

]]> By: Jones https://fxww.com/aud-session-outlook-could-be-in-for-big-fall-if-reserve-manager-bids-dont-materialise/#comment-7120 Wed, 14 Nov 2012 23:06:32 +0000 http://fxww.dreamhosters.com/?p=2677#comment-7120 I’m long at 1.036, looking at quick 20/30 pip profit from those short profit takers. After that, it’ll be down all the way. Or the other scenario would be losing an even quicker 20/30 pips.

]]> By: Kirill https://fxww.com/aud-session-outlook-could-be-in-for-big-fall-if-reserve-manager-bids-dont-materialise/#comment-7118 Wed, 14 Nov 2012 22:56:40 +0000 http://fxww.dreamhosters.com/?p=2677#comment-7118 Your idea sounds way too right. The only problem I have with it: initial drop usually quite delicious and if 1.035 region breaks we could be for some fireworks. And I hate missing fireworks, especially after spending a week in anticipation…. At the end of the day I will be mightily surprised to see revisit 1.045 in asian session, so most probably will start adding shorts back soon. Good luck and thank you for the advice.

]]> By: Sean Lee https://fxww.com/aud-session-outlook-could-be-in-for-big-fall-if-reserve-manager-bids-dont-materialise/#comment-7117 Wed, 14 Nov 2012 22:42:08 +0000 http://fxww.dreamhosters.com/?p=2677#comment-7117 I’m faced with same dilemma Kirill. It looks terribly bearish to me but I have a reasonably sized short already so I’ll stick with it and not get too greedy. It will base somewhere and then bounce so I’ll wait until that happens.

]]> By: Kirill https://fxww.com/aud-session-outlook-could-be-in-for-big-fall-if-reserve-manager-bids-dont-materialise/#comment-7116 Wed, 14 Nov 2012 22:28:41 +0000 http://fxww.dreamhosters.com/?p=2677#comment-7116 I was impressed by hard stop of initial fall during US session for AUD/USD around 1.037… I even decided to cover half of my rebuilt short there. Now I am debating what to do next. I am not going to abandon short positioning, but the question is what is the best way to build it. Wait for bounce here, or wait for another leg down…

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