DislikedEveryone have a great day ! Going out in this -5 F and -30F wind chill today, Stay warm Aussie......Ignored
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DislikedEveryone have a great day ! Going out in this -5 F and -30F wind chill today, Stay warm Aussie......Ignored
DislikedI used to think the same way. In today's market, U.S. fundamentals are used as a general gauge for risk appetite. Bad news for U.S. often results in a "risk off" atmosphere, resulting in money moving out of risk assets and into the USD, which is somehow still looked at as a safe haven.Ignored
DislikedWhat is going to happen next depends on the retracement. Although previous low stayed above the LTL of the channel, it broke 38.20%. This is a factor can be taken into consideration.Ignored
DislikedAnyone shorting this? I'd love to, but been burned by shorting the AUD at highs too many times, this pair loves to climb! My best guess is a long entry around 0530. Think it will retrace that far? Anyone still bearish expecting a break of the 0500 support?
Thanks and good luck!Ignored
DislikedSo would you consider 38 to be broken and we need at least 50?
Or would you consider it bullish pb and not broken?
Or simply tbd at this point?
Curious as to your thinking....Ignored
DislikedI'm new to currency trading. I bought, but got out too early - around 0.054, even though I had my sights on 0.055. It went much higher though. I have now shorted the same pair thinking it will drop to 0.0545 on this run. We'll see.Ignored
DislikedI have 4 shorts on Kiwi all in profit but made a mistake shorting the Aussie.Asians love buying this currency specially when yen gets devaluated.
Pattern that is emerging does not look good for me.
Basically classic ABCD harmonic pattern forming.1.27 fib hitting squarely 60
Basically AB leg =CD extension.Not happy.
http://www.forexfactory.com/attachme...1&d=1358879152Ignored
DislikedI have 4 shorts on Kiwi all in profit but made a mistake shorting the Aussie.Asians love buying this currency specially when yen gets devaluated.
Pattern that is emerging does not look good for me.
Basically classic ABCD harmonic pattern forming.1.27 fib hitting squarely 60
Basically AB leg =CD extension.Not happy.
http://www.forexfactory.com/attachme...1&d=1358879152Ignored
DislikedI have 4 shorts on Kiwi all in profit but made a mistake shorting the Aussie.Asians love buying this currency specially when yen gets devaluated.
Pattern that is emerging does not look good for me.
Basically classic ABCD harmonic pattern forming.1.27 fib hitting squarely 60
Basically AB leg =CD extension.Not happy.
http://www.forexfactory.com/attachme...1&d=1358879152Ignored
DislikedBTW, you were assuming it will continue moving up and came to this conclusion. What if it moves down from here, this Fibonacci retracement will not mean anything in the end. IMOIgnored
DislikedI see what you mean by drawing little further down which puts 618 at 52.That will work I hope.If my broker did not charge arm n leg for swap I would not care that much but they charge massive amount that's the reason I hate shorting this pair.
Regards broIgnored
DislikedI see what you mean by drawing little further down which puts 618 at 52.That will work I hope.If my broker did not charge arm n leg for swap I would not care that much but they charge massive amount that's the reason I hate shorting this pair.
Regards broIgnored
DislikedI see what you mean by drawing little further down which puts 618 at 52.That will work I hope.If my broker did not charge arm n leg for swap I would not care that much but they charge massive amount that's the reason I hate shorting this pair.
Regards broIgnored
DislikedMy view now, retest and pb. Would not surprise me looking at this pair to get significant pb of this daily move.Ignored
DislikedFor shorting the AUD, if you are concerned about negative swap, you should take a look at futures. /6A trades exactly the same, with no swap. commissions are less, fixed 1 pip spread, you have Globex actual volume data (volume is key) which is not available for fx, and all price quotes are regulated through the CME so you don't have different crazy spikes with different brokers. Lots of brokers are now offering futes and fx all in one account/platform.
Plus you can be long the AUD in fx collecting the swap and hedge by shorting in the futures.Ignored