Dislikedgoing to be a fun week with all the releases on this pair. I am still waiting for my short-term buys to come into play. otherwise this is a long term sell.Ignored
Gone to a better place
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Dislikedgoing to be a fun week with all the releases on this pair. I am still waiting for my short-term buys to come into play. otherwise this is a long term sell.Ignored
DislikedAUD/NZD at 1.0800 After the RBA cut the yield between AUD and NZD widens again by .5% There were plenty in the long camp on this one for technical reasons but that's been iced for the moment Australia's economy is in much worse shape than whats been let on. Election year and possibly a change of govt could give Australia a High taxing economy outcome which would stifle business. If 1.0650 doesn't hold then the Parity party is back on.Ignored
Disliked{quote} When you say long term sell, over how long would you be suggesting? It's just that we are trading higher than the lows of 2014 at the moment. What sort of target would you be looking for if the news for Australian dollar is not good?Ignored
Disliked{quote} Sure taking the daily chart into account looking back over the course of the year we hit a high around 1.14 and exhausted that a few times, logicaly 1.06x is a number we keep coming back to over and over since June 2014 so long term is (for me) through the rest of the year or until we make a decision at 1.06Ignored
Disliked{quote} Hey, lasty! I'm having trouble understanding what is so wrong with the Australian economy. According to this things aren't all that bad. While I'm on, I'm wondering how you have 1.0650 as a support level. I have 1.07 which was an important pivot point in 2013, or is 1.0650 just an aggregate figure?Ignored
Disliked{quote} Hey, lasty! I'm having trouble understanding what is so wrong with the Australian economy. According to this things aren't all that bad. While I'm on, I'm wondering how you have 1.0650 as a support level. I have 1.07 which was an important pivot point in 2013, or is 1.0650 just an aggregate figure?Ignored
Disliked{quote} You were asking about the strength of the Australian economy. http://www.smh.com.au/business/banki...16-gowpe5.html Been around too long to believe in what the RBA and Govt spruik.Ignored
Disliked{quote} All is not well in the Australian economy hence the RBA cut rates and will look to do so again . https://www.theguardian.com/business...d-in-the-world. The clock is ticking The resource sector is stuffed and China is slowing . As for my techs on AUD/NZD 1.0650 I have as a pivot . Some have asked why? Maybe it doesn't stand out on the charts but there has been alot of work done around that area . Im not a technical analysis - Im not a star gazer - However if people are...Ignored
Disliked{quote} I like the trade. How will you control your risk? I don't see a stop loss level.Ignored
Disliked{quote} No SL I'm also short AUD/USD works as a hedge. Adding slowly on every drop and managing manually but would give up all below 1.064 {image}Ignored
DislikedThere's this nice 50h EMA gonna take half here and see if it goes further. Idealy I'd expect 1.08 targeted and then back towards parity. {image}Ignored
Disliked{quote} Nice bounce off my 1.0650 pivot Let see how we go from here ... 1.0730-50 should now cap for another test of 1.0650 Happy punting and great weekend to allIgnored
Disliked{quote} As for my techs on AUD/NZD 1.0650 I have as a pivot . Some have asked why?Ignored