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  • RBA Minutes of the Monetary Policy Meeting

    From rba.gov.au

    Members noted that growth of Australia's major trading partners had continued at around its average pace in early 2015. Growth in China looked to have eased a little further and this was likely to have contributed to further declines in iron ore and coal prices. Globally, the fall in oil prices in the second half of 2014 had led to lower inflation and was expected to provide additional support to demand in Australia's trading partners. Monetary policies remained very accommodative. In China, the authorities had announced a target for GDP growth in 2015 of 7 per cent, ½ percentage point below the target for 2014. ... (full story)

sell aud
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sell aud? that's exactly what the RBA wants. the exchange rate around the pre gfc rate sub 70 cents. keeps the price of fuel up and the various tax revenues on fuel artificially high.
Yeah! SELL!
Happy I sold AUD across all pairs!
  •  Guest
  • | IP XX.XXX.231.203
What about the AUDJPY as Abenomics is shite and the yen is a disaster waiting to happen -- what do you think this pair will eventually do?
audusd will rise this week
Panic seems to dominate all scenarios! Grexit...etc.

Most traders seem to have declared: "In Greenback We Trust".
Look at the pair on monthly chart and draw a trend line, after that you don't want to be short
Quoting abhirag
Look at the pair on monthly chart and draw a trend line, after that you don't want to be short
Draw a trendline along the june 2012 bottom and the august 2013 bottom on the monthly and see this line broke in January this year and now caps this pair. You don't want to go long here.
Quoting barkie
Draw a trendline along the june 2012 bottom and the august 2013 bottom on the monthly and see this line broke in January this year and now caps this pair. You don't want to go long here.
Well i am referring to lows of 2001, 2008/09 and now 2015......., a tough call... I am long anyway
i have AUDNZD on my rader..it's terribly over extended...a sharp jump is likely before next RBA meeting...rate cut expectations has hurt AUD accross all pairs...
Quoting iumoren
Panic seems to dominate all scenarios! Grexit...etc.

Most traders seem to have declared: "In Greenback We Trust".
How's that .7960 On Aussie Still looking for you?
Quoting PA is King
How's that .7960 On Aussie Still looking for you?
Looking good now, why do you ask?
Quoting aagarcia
Looking good now, why do you ask?
I didn't know you were iumoren...you have two accounts on here?
Quoting PA is King
How's that .7960 On Aussie Still looking for you?
Hi PA is King,

iumoren here:

All probabilities for 0.79000+ target on AUDUSD remain STRONG. There is turbulence, resistance, etc. (as you would encounter with any snake to be caught) but this target is a reality.

But anyone willing to sell Aussie can do: plenty of "buyers with patience" out there.

Quoting iumoren
Hi PA is King,

iumoren here:

All probabilities for 0.79000+ target on AUDUSD remain STRONG. There is turbulence, resistance, etc. (as you would encounter with any snake to be caught) but this target is a reality.

But anyone willing to sell Aussie can do: plenty of "buyers with patience" out there.

But you were just telling everyone is was going to be an "abrupt" move upwards. Now there is "turbulence, resistance"?

Let me ask you this...what kind of trader are you, a day trader, swing trader, position trader? I doubt you are a scalper.

Also, for the bulls out there...how long do they have to wait wait .7900 and .7960 that you are forecasting? Its been four days now...do they wait four more, a week, a month? Just trying to understand.
Quoting PA is King
But you were just telling everyone is was going to be an "abrupt" move upwards. Now there is "turbulence, resistance"?

Let me ask you this...what kind of trader are you, a day trader, swing trader, position trader? I doubt you are a scalper.

Also, for the bulls out there...how long do they have to wait wait .7900 and .7960 that you are forecasting? Its been four days now...do they wait four more, a week, a month? Just trying to understand.
There are sharp price movements on the AUDUSD pair which not all traders can easily see, because the general expectation was/is a "SELL" trend. But latest CPI data have contributed a lot to recent upward trend, but people cannot easily see where the vector heads to....because they see only "SELL" trend.

My trading is fully automated with combination of "intelligent scalping*" with swing/position trading. Some of my AUDUSD LONG positions are 2+ weeks old.
* This means not trying to cheat market forces by taking small profits at volatility, but following natural market trend. (Please permit me not to elaborate more here, so that FF Admin won't consider me advertising anything.)

For "true" Aussie (AUDUSD) bulls patience is required this week to reach 0.79000+ target, although I never mentioned 0.79600 target. AUDUSD can go up as abruptly as GBPUSD did today; we just need to reach that stage of probability which is unpredictable.
Quoting PA is King
I didn't know you were iumoren...you have two accounts on here?
I have one account. MINE. Try and understand that. Maybe difficult, but take your time...
Quoting aagarcia
I have one account. MINE. Try and understand that. Maybe difficult, but take your time...
Then why were you answering a question that wasnt asked to you? Hopefully you understand why I'm asking.
Quoting PA is King
Then why were you answering a question that wasnt asked to you? Hopefully you understand why I'm asking.
No, please enlighten us..........
Quoting aagarcia
No, please enlighten us..........
I can't read your mind. I asked a question to iumoren, but you answered for some reason. Please enlighten me why you did that.
Well guys I have read the whole thing the statement. I certainly won't be taking the long side of the trade for some time. I would most likely be looking to sell AUD against some stronger currencies.
Quoting PA is King
But you were just telling everyone is was going to be an "abrupt" move upwards. Now there is "turbulence, resistance"?

Let me ask you this...what kind of trader are you, a day trader, swing trader, position trader? I doubt you are a scalper.

Also, for the bulls out there...how long do they have to wait wait .7900 and .7960 that you are forecasting? Its been four days now...do they wait four more, a week, a month? Just trying to understand.
There are high probabilities for Aussie to strengthen its bullish trend later today on the background of comparatively bad EUR, GBP and - possibly - bad US economic data.
I can see maybe another attempt at .7800 this week, but not .7960 and probably not .7900 this week. But I'll never say never in case there is some kind of surprise jolt/world event to rock the markets. But I wish you well in your quest.

Happy Trading!
Aussie gathers bullish momentum for Australian session ahead.
Quoting iumoren
Aussie gathers bullish momentum for Australian session ahead.
I used to love trading that pair but lately the RBA scares me away from it.
Quoting iumoren
Aussie gathers bullish momentum for Australian session ahead.
lol..hey look, Aussie stalled at the .7800 level just like I said.
A new day is upon us,let the market maker games begin!
Quoting PA is King
lol..hey look, Aussie stalled at the .7800 level just like I said.
Still better bullish opportunities ahead for Aussie.

GREAT PATIENCE is the key to success in Forex trading.
You said you were a swing/position trader...I told you I was a day trader. Two completely different strategies! It's like trying to compare apples to oranges. You said you've been holding long positions for more than two weeks...in those two weeks I've made over 200pips going long and short. Continue doing whatever for you, I'll do what works for me and we'll all make pips.

Cheers!
Quoting PA is King
You said you were a swing/position trader...I told you I was a day trader. Two completely different strategies! It's like trying to compare apples to oranges. You said you've been holding long positions for more than two weeks...in those two weeks I've made over 200pips going long and short. Continue doing whatever for you, I'll do what works for me and we'll all make pips.

Cheers!
Obviously, Aussie has started its journey to 0.79000+ target for AUDUSD.

We strive to make Pips in different ways.

But with my swing/position trading/intelligent scalping, I can confirm with all certainties that within last 4 weeks I made 696 Pips (average of 348 Pips/week) on AUDUSD LONG trades, with a total of 17 entries. I still have open BUY trades on the pair.
That's weird, last week, according to your own trade explorers trading ea system, your all time profit was over was 2,100pips. Now it shows 1,575 all time. So you lost 500 pips somewhere the past week of trading. Maybe lost on other pairs. Oh, and your system only shows 2 positive Aussie long trades currently but 6 losing long positions.

Aussie had a good attempt at .7900, but still didn't reach it for the second Friday in a row. Perhaps you'll get it next week with FOMC news.

Enjoy your weekend!
  • Post #32
  • Quote
  • Edited at 3:41pm Apr 24, 2015 3:01pm | Edited at 3:41pm
Hey PA is king.......I'm using iumoren's EAs :

Trade Explorers
Equity UnrealizedReturnProfit Pips
MWF $15,268$1,09981.9%$6,8754,294

4294 pips in one month! All documented on his commercial thread.


Have a BETTER weekend!
Congrats
Quoting PA is King
Congrats
Thank you sir.
I'm not a greedy man, 100 pips a week is all I try to make for my needs. And again, I'm a day trader...so I'm not going to get thousands of pips. Also, I almost only trade Aussie exclusively...with an ADR of roughly 100, getting 30-50 pips is decent. So you can't really compare our trading methods.
Quoting PA is King
I'm not a greedy man, 100 pips a week is all I try to make for my needs. And again, I'm a day trader...so I'm not going to get thousands of pips. Also, I almost only trade Aussie exclusively...with an ADR of roughly 100, getting 30-50 pips is decent. So you can't really compare our trading methods.
I believe we have both said greed kills accounts most people cant take the greed out of there trading that's why only 5% of traders make money
Quoting Aussi
I believe we have both said greed kills accounts most people cant take the greed out of there trading that's why only 5% of traders make money
How are you doing old friend? Hope the trading is well for you!

Quoting PA is King
How are you doing old friend? Hope the trading is well for you!

yes mate been doing very well I don't trade to many pairs I used to like you just trade the aud I over a 4year period learnt it and could almost predict where it was going , now I also trade a few exotics like zar , what I did on a day and weekly chart with all pairs found the highs and the lows then added the swap to my excel chart like the zar found a $1.00 sell was paying every day a nice amount , paying $18.80 on fxpro was paying more so I have my sell @ 12.41900 on the spike I will hold it now for a long time getting $131.60 per week at the moment I like oil because it low allways looking for a bargin set up like aud buying selling on dips and highs etc ,

more then one way to make money on forex pa
just a interesting poll how many traders would know the historical highs and lows of all pairs
Quoting Aussi
just a interesting poll how many traders would know the historical highs and lows of all pairs
Not many Aussi I'm guessing.
Quoting buster48
Not many Aussi I'm guessing.
had a bet with my self mate , but to be a informed trader there need to know these things was not a trick question , reason is historical highs and lows can be a money winner
Quoting Aussi
had a bet with my self mate , but to be a informed trader there need to know these things was not a trick question , reason is historical highs and lows can be a money winner
normally a new high after a spike above will follow with a reversal and a low a reversal after a spike down making a new low if people would get of 1min 5 min 15min charts trying to make a million dollars in 15 mins does not work don't get me wrong I also scalp and make a few dollars on a small time , in and out trades , but 4hr day chart and weekly will give a trend ,
Quoting Aussi
normally a new high after a spike above will follow with a reversal and a low a reversal after a spike down making a new low if people would get of 1min 5 min 15min charts trying to make a million dollars in 15 mins does not work don't get me wrong I also scalp and make a few dollars on a small time , in and out trades , but 4hr day chart and weekly will give a trend ,
sound advice I'm thinking.
Quoting Aussi
yes mate been doing very well I don't trade to many pairs I used to like you just trade the aud I over a 4year period learnt it and could almost predict where it was going , now I also trade a few exotics like zar , what I did on a day and weekly chart with all pairs found the highs and the lows then added the swap to my excel chart like the zar found a $1.00 sell was paying every day a nice amount , paying $18.80 on fxpro was paying more so I have my sell @ 12.41900 on the spike I will hold it now for a long time getting $131.60 per week...
Interesting about the zar, I may need to look into that. Like you, I am also looking at some type of oil trade to get into, but not with my forex account....something more in the stock market. Glad things are going well...keep up the good work!

Cheers!
Quoting PA is King
How's that .7960 On Aussie Still looking for you?
you were saying?,,,,,,,,,,
Quoting aagarcia
you were saying?,,,,,,,,,,
Exactly as I said before... Iumoren said it was going to reach .7960 Two Fridays ago. I knew that wasn't going to happen!
Quoting PA is King
Exactly as I said before... Iumoren said it was going to reach .7960 Two Fridays ago. I knew that wasn't going to happen!
ok........;-)
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