Blue Point Trading - Short AUD


Looking to short Aud.

Entry 1: .9310
Entry 2: .9350
Stop: .9390
Target: .9230

Note: Prices indicated are 6A June futures.

Blue Point Trading

Out already … +80 pips.

Cool. Me too but I covered too early. Long now. GDP out today. What’s your opinion?

Good trading risc6k. I presume we are speaking of AUD GDP. AUD is tied a lot to China/Asia … and the recent Chinese PMI data is a bit flat … so stick with the estimates, I would think any surprises would be to the negative side. I have felt that Aussie land has been in a bubble for a while and could disappoint someday and send AUD into the 80s. But timing is everything.

Oh one last thing, Gold is sometimes a proxy for AUD … mining etc… Seeing Gold bang on the ice at 1242. If you bang long enough on the ice, it breaks, sending AUD down with it. I see a quadruple bottom on the 1h gold chart… Double bottoms yes, but a quadruple bottom? Hmmmm… pray for calamity… :31: