Should push it down further
1:30pmAUD
Employment Change
21.3K
29.7K
1:30pmAUD
Unemployment Rate
5.2%
5.4%
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
Dislikedbeen out a few hours and came back in to see the nice break higher. I have targeted 9980, so another 100 pips and I'll call it a year and take the rest of Dec. off. No use trading the weeks of Christmas and New Year anyway. Holding 9770 and 9850 for 9980 target. Good trades to all.....
Regards,Ignored
DislikedHi FX-Petra,
I am new at forex trading and still learning the tools of the trade. Would you please help me understand the significance of the 9980 level that you have for target on on your longs on AUDUSD? How does one determine an upside target? A chart would be much appreciated.
Sincerely,
Moe
a.k.a Newbie.Ignored
DislikedIt will be very interesting to watch Tokyo tonight (for me, CST). They usually don't like being handed the tail of the dog, and will often make new highs, seemingly to make a point. I am no guru, and this thing could fall big time tomorrw, but I doubt it. Why? US stocks have a bias to the upside for at least 5 or 6 more working days. Fund managers who have under performed will be looking to improve their year end bottm lines.... and shorting US equites this year will has been very painful. Dow 11,500-700 before year end is really not that far fetched...Ignored
Dislikedaah... Never got my pending buy triggered, was a bit too conservative there, would've got a nice couple of pips!
Any How, I have a TL just below us and will try get a buy order in a bit lower down with TP 9950Ignored
DislikedAs of now, seems I was dead wrong about this one. It seemed we had a nice window for stocks to rally this week.... but till now it has been a "no-go". Maybe next week.
Regards,Ignored
DislikedPlease don't take this wrong, but you use the fundamentals way too much. Fundies always win but...but...but they are always way ahead of the market or occassionaly too late. To trade fundies you need to be like a bank and have a massive account, with an excess of a mill cash and then have lots of patience. Like what Sorus did with the GBP years ago.
I have found through practice that two things count the most. One is sentiment and the other is the trend. Sentiment is usually reflected in the trend. It is the market gossip.
An easy way to look...Ignored
DislikedPlease don't take this wrong, but you use the fundamentals way too much. Fundies always win but...but...but they are always way ahead of the market or occassionaly too late. To trade fundies you need to be like a bank and have a massive account, with an excess of a mill cash and then have lots of patience. Like what Sorus did with the GBP years ago.
I have found through practice that two things count the most. One is sentiment and the other is the trend. Sentiment is usually reflected in the trend. It is the market gossip.
An easy way to look...Ignored
DislikedPlease don't take this wrong, but you use the fundamentals way too much. Fundies always win but...but...but they are always way ahead of the market or occassionaly too late. To trade fundies you need to be like a bank and have a massive account, with an excess of a mill cash and then have lots of patience. Like what Sorus did with the GBP years ago.
I have found through practice that two things count the most. One is sentiment and the other is the trend. Sentiment is usually reflected in the trend. It is the market gossip.
An easy way to look...Ignored
DislikedAnd no drop at all -> Fun-demential paradoxes... Aren't they lovely?
By the way: EXTREME CAUTION -> ADX/ADR 1H at the bottom -> Strong move coming.Ignored
QuoteDislikedAustralia's government unveiled reforms to boost bank competition on Sunday, allowing lenders to issue covered bonds for the first time and cracking down on interest rate signalling under a package designed to calm voter anger at rising mortgage interest rates.