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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?
 

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

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

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

Employment figures coming out at 11AM today.
 

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

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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


 

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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...
 

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