can someone please fill me in from a fundamental side of the story?
not that i really care much, but it is good to know.
not that i really care much, but it is good to know.
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DislikedWell I hope the aussie heads back towards 1.01 as I had a short in and my power shut down at 29mins past and I was off line now I am on the wrong side of the ledgerIgnored
DislikedWell I hope the aussie heads back towards 1.01 as I had a short in and my power shut down at 29mins past and I was off line now I am on the wrong side of the ledgerIgnored
Dislikedi had a short in for 4 months at 1.016.... just got it out last night!Ignored
Dislikednext time be more wary of fundamental events like this, and always use a stop loss or close position before such news. Then re-use a good buy at range low, or buy stop above. or sell support in range low if its meant to go down to prevent getting caught. Alot of traders are in a position before a heavy fundamental, if lucky. poor liquidity might retrace back, but if not it can stubbornly consolidated above high, and just leap more higher and say goodbye for those bearish takers, which is what the market analyst want people to be caught in. The bull...Ignored
DislikedYes I have 4 buy orders in a fair way up the road that I am waiting out,this one was only supposed to be a quick scalp but I got caughtIgnored
Dislikedi had a short in for 4 months at 1.016.... just got it out last night!Ignored
Dislikedyou are lucky that aud attempts to often visit low at least 1-2 a year so far from its season or heavy risk sentiment period. Holding position can be detrimental to new position or bias-ness of market outlook. But as long good rm and mm is watched, holding position in aud is still generally fine as long leverage is low to last months. If one hold positions like gbp or eur or jpy pairs, one can look to suicide .Ignored
Dislikedcan someone please fill me in from a fundamental side of the story?
not that i really care much, but it is good to know.Ignored
Dislikedi had a short in for 4 months at 1.016.... just got it out last night!Ignored
DislikedIm about to go on a month long holiday but just wanted to add my 2 cents.
If you are thinking of shorting this pair, my indicator hasn't given me a signal yet but I also think we may have changed sides for now.
Looking to the short side would only be a retrace as we have entered a new bullish trend (as of yet still unconfirmed but looking more likely)Ignored
Dislikedit is only a bull trend if u look at the lower timeframe. but on higher time frames this is a downtrend, with fundamentals nothing going for it(e.g. eurozone, china slowing).
it hit its lowest point for nearly 1 year, so its just going up on short covering. when that finishes, down it goes again, possible turning point at 1.03 or higher like 1.0450 depending on how many shorts have to cover.Ignored