No rally after poor USD data. The big boys tipped their hands again.
Have a good weekend everyone!
Have a good weekend everyone!
Another Day, Another Chair, Another Day in the Office 198 replies
another day another challenge. indicatorCounted() 6 replies
Is FX just another bogus "get-rich-quick" scam ?? 1 reply
blew out another account...Just venting... 55 replies
Okay, did a another insurance company buy another couple hundred million EUR?? 23 replies
Disliked{quote} So what happened to your 0.7020 AU short? You closed it for -600 pips or still holding?Ignored
Disliked{quote} AU Rally will resume soon, Just she likes to have EU along way up, but seems EU promised to be back for rally maybe on Tuesday!Ignored
Disliked{quote} hi paul -$8249 on his account with swap whooooooooooooo $2.00 well lesson is holding on to a losing trade to long the swap will eat your account however the so called experts to day say aud is heading for 65 cent but I have heard this before fknIgnored
Disliked{quote} the swaps are huge but didnt expect aussie to keep going up the way it didIgnored
DislikedHi Guys, I've been a bit quite lately...but it's getting near the end of the school year for me kids. Things are getting a bit busy at home and I probably won't be posting much over the summer. But for now, as I mentioned last week...it looks like shorts are on the table again for Aussie. So sell the rallies. And for those who are looking for longs...in order to sell the rallies, you have to have a rally...which means you can buy the dips! Just be careful and trade smart...I think the odds are more in favor of shorts now, but that's not to say...Ignored
Disliked{quote} Good to see you back but sell the rallies and buy the dips means pretty much a ranging market. Any breakout levels you're watching?Ignored
DislikedAs for levels, I can see it possibly retesting .7450-7500 on the top side and maybe .7200 or .7000 on the bottom side.Ignored
Disliked{quote} It's not exactly true. We all make the market. Trading - is making the market.Ignored
Disliked{quote} Yes to a degree. Im doing a course on foreign exchange atm, What i am learning it takes individual trades of at least 200 million$ to influence the market direction in normal trading conditions. Also the RBA trades the fx markets on a daily basis and can initiate trend changes and can stop price moving in a particular direction. Quote "The RBA may also consider intervening in the market when conditions threaten to become disorderly. High volatility or erratic movements of the exchange rate may result in intervention to help restore order."...Ignored
Disliked{quote} Their ability to fight a demand in the currency is very limited. They couldn't do anything to prevent it to shoot above $1.10 USD because they don't have a foreign currency war chest as the SNB does. Hell Hockey had to prop them up with 8 billion out of the budget. All they can do is lower the cash rate and the Aussie climbing back towards parity would mean zero interest rates. At below 2% it's not as attractive anymore to park billions of foreign capital in Australia just for the interests sake even tho banks can even get paid to borrow...Ignored
Disliked{quote} Yes to a degree. Im doing a course on foreign exchange atm, What i am learning it takes individual trades of at least 200 million$ to influence the market direction in normal trading conditions. Also the RBA trades the fx markets on a daily basis and can initiate trend changes and can stop price moving in a particular direction. Quote "The RBA may also consider intervening in the market when conditions threaten to become disorderly. High volatility or erratic movements of the exchange rate may result in intervention to help restore order."...Ignored
DislikedAs for levels, I can see it possibly retesting .7450-7500 on the top side and maybe .7200 or .7000 on the bottom side.Ignored