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Attachments: AUD/USD
Exit Attachments

AUD/USD

price @ s1 currently

neckline @ s2

..
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I have been holding short for a few weeks. Now the fast drop is coming.
Quoting mry2001
I have been holding short for a few weeks. Now the fast drop is coming.
I've been waiting for that fast drop all week.
Quoting jimbo86
i think thats how it works. took me a while to get my head around how bad us news saw aud,nzd/usd drop.
it has been pointed out to me before to watch the dow futures, as aud follows closely.
I heard of that too with the closeness of AUD to Dow futures. I am still looking to see where I can find live real-time feed of Dow futures prices.

On a logistic point of view, I can't understand how AUD could be related to Dow futures...
Make your losses in demo. Earn your profits live.
Quoting kandarv
To my understanding, more unemployment - less consumption - less demand for commodities. That's why commodities
currencies are bashed away. Look at USDCAD.
USDCAD is a totally different ball game altogether. CAD is based closely on oil prices as Canada is an oil producer. And since oil is a necessity so not sure if bad economy would affect oil consumption much. But Gold is demanded by the rich investors who want to preserve their wealth. So usually Gold prices go up when the market economy goes down. The China rationale makes sense. Wondering if there was something that went on that we don't know about.

Not sure why CAD would fall so much today as there is no -ve Canadian news or data today.
Make your losses in demo. Earn your profits live.
Quoting Forexia
USDCAD is a totally different ball game altogether. CAD is based closely on oil prices as Canada is an oil producer. And since oil is a necessity so not sure if bad economy would affect oil consumption much.

Not sure why CAD would fall so much today as there is no -ve Canadian news or data today.
It's all related, less consumption also means less oil consumption. Less transportations of goods.
Quoting Forexia
I heard of that too with the closeness of AUD to Dow futures. I am still looking to see where I can find live real-time feed of Dow futures prices.

On a logistic point of view, I can't understand how AUD could be related to Dow futures...

i use fxcm, their dow futures is US30, if you trade with a different broker you could still open a demo with fxcm to see it.
i think they're related because of risk, they dont follow perfectly (during aud news) but it gives a general direction other times
Quoting kandarv
I've been waiting for that fast drop all week.
I think it is just the begining. Do you remember august 2008?
AUDUSD may go back to .80 by the end of the year.
Quoting mry2001
I think it is just the begining. Do you remember august 2008?
AUDUSD may go back to .80 by the end of the year.
Well be seeing .80 by end of Sept.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
Quoting mry2001
I think it is just the begining. Do you remember august 2008?
AUDUSD may go back to .80 by the end of the year.
I don't want to remember August 2008, trying to pick a bottom cause me my debut on blowing accounts.
Quoting jimbo86
i use fxcm, their dow futures is US30, if you trade with a different broker you could still open a demo with fxcm to see it.
i think they're related because of risk, they dont follow perfectly (during aud news) but it gives a general direction other times
Thanks. Is that the DOW future that expires in Sept. 2010?
Make your losses in demo. Earn your profits live.
Quoting Forexia
Thanks. Is that the DOW future that expires in Sept. 2010?

i dont know sorry. I think it is just a futures ticker. If you go onto daily fx forum, on the aud/usd thread there is someone under name "mostly harmless" who explains it, will have to go back a fair few pages (about 50 pages i think) as i think they are on holiday and not posted lately
Quoting jimbo86
i dont know sorry. I think it is just a futures ticker. If you go onto daily fx forum, on the aud/usd thread there is someone under name "mostly harmless" who explains it, will have to go back a fair few pages (about 50 pages i think) as i think they are on holiday and not posted lately
Thanks!
Make your losses in demo. Earn your profits live.
Does anyone have an opinion about the movement of the Aussie over the next couple of hours during Asian trading. The Aussie was hit hard as a result of the Philly Fed Manufacturing index last night. What a result 7.0 expected and came in at -7.7 !! "Expect the unexpected"
Quoting FxAussie
Does anyone have an opinion about the movement of the Aussie over the next couple of hours during Asian trading. The Aussie was hit hard as a result of the Philly Fed Manufacturing index last night. What a result 7.0 expected and came in at -7.7 !! "Expect the unexpected"
Don't know about the next couple of hours, but here's a speculative view of the next few days. Just my thoughts.
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Never underestimate an idiot.
Hey - I love that saying 'Never underestimate an idiot' ! I already shorted AUD/USD - so have already closed my position. I love to trade - when I'm winning that is... Cheers
FX Aussie, why close the position? If the Labour Govt gets in the door, there's at least another 300 points to go...
Quoting dalvin_au
FX Aussie, why close the position? If the Labour Govt gets in the door, there's at least another 300 points to go...
i don't get it, please enlighten me what if labor wins?
Success consists of going from failure to failure without loss of enthusiam
Hey - I wouldn't want to express my thoughts on any party in this forum - both I think are not particularly savants?!?! We trust politicians up to an election and not afterwards - we should at least be consistant??!
Hey - my personal rule #1 - never keep an open position with no stop-loss over the Aussie weekend - particularly when an election is due.
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