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- iflyjetzzz replied May 11, 2011
When I went to bed, commodities were ripping higher along with AUD. I slept through a good part of the downdraft.
- iflyjetzzz replied May 11, 2011
Nice call on the short. I hope you left it on and made/make money on it. I'm still on the other side of the trade.
- iflyjetzzz replied May 11, 2011
Interesting. Yes, confusing. You state the AUD is in an uptrend yet you short it. Odd strategy. Depending on your timing, it could work but you're fighting the trend. Silver, gold, oil, S&P futures all up right now and you're short. Sounds like ...
- iflyjetzzz replied May 10, 2011
I used this dip as an opportunity to add to my long position. I'll sell some at 1.088-1.09; looks like there's 1H and 4H resistance there. I agree with you on the uptrend. The trend is your friend.
- iflyjetzzz replied May 10, 2011
The Aussie dollar is the leper with the most fingers. You want to see a train wreck? Look at the US budget. US budget - now there's an oxymoron.
- iflyjetzzz replied May 10, 2011
FX-Petra, I hopped back in on the long side of AUDUSD this week. I built a core position and am now buying on small dips and selling in the 10-20 pip range. After making several trades for small gains, I add a little bit to my core position on dips. ...
- iflyjetzzz replied May 6, 2011
I stepped away from the computer for 9 hours. You were in the green by ~50 pips after being in the red by 400+ pips. ... and you were still in the red after negative carry was factored in. Now you're back in the red 75+ pips again without taking ...
- iflyjetzzz replied May 5, 2011
Definitely. The debt ceiling is going to be a huge issue going forward. Edit: Gotta love people like Ely. I guarantee he's ignoring the cost of negative carry on this trade. I was making ~1 pip/day positive carry; the negative carry's probably ~1.5 ...
- iflyjetzzz replied May 5, 2011
I think that the concern was that paper silver sold was so much greater than physical available for delivery that they have been squeezing paper longs. Beautiful in its simplicity. That's creating an unwind across the entire commodity sector, as ...
- iflyjetzzz replied May 5, 2011
That's taking down the whole commodity sector and crushing the AUD. I jumped off of this dive on Monday. I tried buying back in on Wednesday but dumped my position after hearing that silver margins were raised again. I'd say the AUD will keep ...
- iflyjetzzz replied Apr 29, 2011
Are you calling a top? That's what it sounds like. Friday's US session is THE top. So we should ignore the chart? I don't have a problem with that. On what basis are you calling a top? Let's start with 'today will be downward and in US session it ...
- iflyjetzzz replied Apr 28, 2011
According to Forex News, there are options barriers at 1.095 and 1.10. I don't expect to be above 1.095 tonight. Should be fairly thin trading. I lightened up into today's close and will lighten up a bit more before Friday's close, although I'll ...
- iflyjetzzz replied Apr 28, 2011
The great thing about this right now is that there seems to be a lot more AUD shorts rushing in than longs adding to positions. The positive carry makes this a very nice trade. But the currency gains are amazing. I am in this trade more as a comment ...
- iflyjetzzz replied Apr 28, 2011
Maybe on Oanda but not on Dukascopy. There's still a metric ton of retail AUD shorts. url
- iflyjetzzz replied Apr 28, 2011
Thanks for the response. DXY is the dollar vs a basket of currencies; the currencies and weighting has been posted multiple times so I'm not going to do it again. What's not included in that basket is AUD. Since AUD is 'off the charts' and at levels ...
- iflyjetzzz replied Apr 27, 2011
I'm out. Sold everything going into the Fed minutes. I've had a great run and will take part of the day off to run some errands. I'll look for a good dip while/after Bernanke's conference to rebuild a position. I don't like the risk going into the ...
- iflyjetzzz replied Apr 26, 2011
Stop using the AUD for your technicals. Use DXY. That's half of this trade and the USD is the driver here. Or you can do like me and just sit back and enjoy the ride, adding to your position on pullbacks. I buy just above resistance levels and round ...
- iflyjetzzz replied Apr 26, 2011
Don't. Fight. The. Tape.
- iflyjetzzz replied Apr 26, 2011
Bring it on. CPI numbers beat estimates; the AUD just popped 30 pips.
- iflyjetzzz replied Apr 25, 2011
Nice call. There's a lot of resistance sitting at 1.078-1.08. It looks like we're looking at a range of 1.07-1.078 at the moment. I chose to play it the opposite way with small buys 1.075-1.0715. I sold most of my long position going into the ...