Comments on: AUD/USD: Position lightened a bit but I’m still bullish

By: Sean Lee

Sean Lee — Tue, 25 Jun 2013 03:30:20 +0000

Yes exactly Gus, want my stop to be well through the important level, then I can have no complaints

By: Nachiket

Nachiket — Tue, 25 Jun 2013 01:55:23 +0000

you certainly know don’t you sean who the fat panda at 0.9150 is who was buying. the way it is rebounding sounds similar to the rebound it gave at 0.9350 just to take it comfortably latter. if consumer confidence and pending home sales are good expect a dollar rally overnight

By: gus

gus — Tue, 25 Jun 2013 01:42:33 +0000

Why do you set 9120 as s/l? Just want to make sure that you don’t become another victim of s/l hunters?

By: Sean Lee

Sean Lee — Tue, 25 Jun 2013 01:35:09 +0000

Well done Gus. Yes I will definitely stop out and am leaving my s/l below 9120. My position is smaller and my average has improved so I’m definitely more comfortable. If 9120 breaks then I am 100% wrong so reasonably content if I get stopped (although I will still complain 🙂 )

By: gus

gus — Tue, 25 Jun 2013 01:00:54 +0000

Same here Sean, still holding 1/2 of my AUD long. Very close to cutting it yesterday after .9150 broke but luckily it held firm after. Then, during the NY session, I managed to close some AUDCAD long for 200-pip profit 🙂 Hoping that we won’t have another Chinese downer today. Are you considering to close your AUD long if .9150 got retested again?

By: Sean Lee

Sean Lee — Mon, 24 Jun 2013 22:51:41 +0000

No comment 🙂

By: Lam-Son

Lam-Son — Mon, 24 Jun 2013 22:47:36 +0000

Last evening, fxstreet talked about 9100 or even 0.9 target for the Aussie. Now they start stalking about 9300 if 9250 holds 🙂

By: Sean Lee

Sean Lee — Mon, 24 Jun 2013 22:33:55 +0000

No mate, don’t see it. Action is elsewhere and EUR/USD just incidental. Agree EUR crosses look likely to fall, EUR/GBP and EUR/NZD are standouts, but more value trading them than EUR/USD imho

By: forexjunkie

forexjunkie — Mon, 24 Jun 2013 21:26:07 +0000

well I am a seller on rallies at the mon. but that said I rather sell into Euro/usd rallies 1.3140/60 with stop above 1.3200 looking for possible 1.2700