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AUD/USD

  • #4,181
  • Sep 22, 2009 6:31pm Sep 22, 2009 6:31pm
Quoting thadakman
That New Zealand GDP came in Way better than expected!
It did indeed! Potential fib target of 75 is now in play and the AUD could also well remain strong in the coming sessions. I am not overly concerned if the Kiwi continues to rise as, like many others, I have been holding 3 longs from the 75-76 region since July last year. Due to the daily swap which has accrued over the past 14 months, these positions are now actually in profit.
If there is ever any doubt then there is no doubt.
  • #4,182
  • Sep 22, 2009 6:36pm Sep 22, 2009 6:36pm
closed kiwi and now short aussie
  • #4,183
  • Sep 22, 2009 6:36pm Sep 22, 2009 6:36pm
Quoting Kristo
It did indeed! Potential fib target of 75 is now in play and the AUD could also well remain strong in the coming sessions. I am not overly concerned if the Kiwi continues to rise as, like many others, I have been holding 3 longs from the 75-76 region since July last year. Due to the daily swap which has accrued over the past 14 months, these positions are now actually in profit.
Awesome, and congrats for not having to take a loss on those from last year... 75 seems like a great target as does 90 for the AUD and 1.50 for the EURO... the dollars descent is out of control... seems like a bunch of stops just got taken out here; dollar could get a nice bounce tomorrow though.
  • #4,184
  • Sep 22, 2009 6:37pm Sep 22, 2009 6:37pm
Quoting Kristo
It did indeed! Potential fib target of 75 is now in play and the AUD could also well remain strong in the coming sessions. I am not overly concerned if the Kiwi continues to rise as, like many others, I have been holding 3 longs from the 75-76 region since July last year. Due to the daily swap which has accrued over the past 14 months, these positions are now actually in profit.
wow Kristo you had very iron fist dicipline to hold that carry trade, good job
  • #4,185
  • Sep 22, 2009 6:40pm Sep 22, 2009 6:40pm
Quoting thadakman
Awesome, and congrats for not having to take a loss on those from last year... 75 seems like a great target as does 90 for the AUD and 1.50 for the EURO... the dollars descent is out of control... seems like a bunch of stops just got taken out here; dollar could get a nice bounce tomorrow though.
I have never been averse to drawdown as long as it can be managed effectively, but 25 cents is a bit extreme - each to their own I guess. The way I have traded over the past 12 months may not be everyone's cup of tea, but as the saying goes "there is a lot of cricket in my golf swing but it gets the job done".
If there is ever any doubt then there is no doubt.
  • #4,186
  • Sep 22, 2009 6:41pm Sep 22, 2009 6:41pm
Quoting ben10
closed kiwi and now short aussie
http://img39.imagefra.me/img/img39/2...am_2873d93.png
  • #4,187
  • Sep 22, 2009 6:41pm Sep 22, 2009 6:41pm
Quoting thadakman
Awesome, and congrats for not having to take a loss on those from last year... 75 seems like a great target as does 90 for the AUD and 1.50 for the EURO... the dollars descent is out of control... seems like a bunch of stops just got taken out here; dollar could get a nice bounce tomorrow though.

30 pips and i am out of this....

first margin call received.
  • #4,188
  • Sep 22, 2009 6:44pm Sep 22, 2009 6:44pm
Quoting puks
30 pips and i am out of this....

first margin call received.
Are you currently short AUD, NZD and EUR here? Are you planning to just close 1 or 2 of those and keep one (dollar long) position open?
  • #4,189
  • Sep 22, 2009 6:44pm Sep 22, 2009 6:44pm
Quoting ben10
wow Kristo you had very iron fist dicipline to hold that carry trade, good job
Thanks. It seems to have all worked out in the end, but I have experienced my share of sweaty palms. Generally I am a longer term position trader and swap can be a lifesaver over time. I am also watching the Swissy Daily chart which is currently printing fresh lows.
If there is ever any doubt then there is no doubt.
  • #4,190
  • Sep 22, 2009 6:48pm Sep 22, 2009 6:48pm
Quoting thadakman
Insane move, I just added more short on that 0.7300 break
you are in the money now just, me? if the price stay above 0.7250 consider reenter long
  • #4,191
  • Sep 22, 2009 6:48pm Sep 22, 2009 6:48pm
Quoting Kristo
Thanks. It seems to have all worked out in the end, but I have experienced my share of sweaty palms. Generally I am a longer term position trader and swap can be a lifesaver over time. I am also watching the Swissy Daily chart which is currently printing fresh lows.
U could get a nice dollar bounce on that pair soon; especially if rumors start up again about the swiss planning to intervene in order to weaken their currency.
  • #4,192
  • Sep 22, 2009 6:51pm Sep 22, 2009 6:51pm
Quoting Kristo
Thanks. It seems to have all worked out in the end, but I have experienced my share of sweaty palms. Generally I am a longer term position trader and swap can be a lifesaver over time. I am also watching the Swissy Daily chart which is currently printing fresh lows.
good on you mate! swithc to fundamental view i think usd dollar and jpanese yen gonna be funding currencies for carry trade from now on, any opinion?
  • #4,193
  • Sep 22, 2009 6:51pm Sep 22, 2009 6:51pm
NZD is deja vu and a repeat of yesterday (after a huge breakout from news)... if it keeps following, we got about another 1/2 hour or so before it tries to break to new highs (0.7300+ again)... I think there's a good chance we seen the highs for Asia though... just have to wait and see if Europe wants to extend this gain or take some profits before FOMC.
  • #4,194
  • Sep 22, 2009 6:53pm Sep 22, 2009 6:53pm
Quoting thadakman
U could get a nice dollar bounce on that pair soon; especially if rumors start up again about the swiss planning to intervene in order to weaken their currency.
It's certainly approaching those levels where I would consider taking a long position somewhere over the next week or so.
If there is ever any doubt then there is no doubt.
  • #4,195
  • Sep 22, 2009 6:53pm Sep 22, 2009 6:53pm
The EUR is pulling back real nice and has basically gone back to where it was prior to the NZD news... perhaps it can help pull the other pairs down with it.
  • #4,196
  • Sep 22, 2009 6:56pm Sep 22, 2009 6:56pm
Quoting ben10
good on you mate! swithc to fundamental view i think usd dollar and jpanese yen gonna be funding currencies for carry trade from now on, any opinion?
I have always been a bit leery about longing the Swissy Ben10, but at these levels the technicals are pretty good. I tend to watch it and use it as a USD litmus, but I would never say never.
If there is ever any doubt then there is no doubt.
  • #4,197
  • Sep 22, 2009 7:09pm Sep 22, 2009 7:09pm
Quoting thadakman
Are you currently short AUD, NZD and EUR here? Are you planning to just close 1 or 2 of those and keep one (dollar long) position open?
I closed my EUR short last night at the loss of 200 pips. Total loss in Euro = 410 pips.

I entered NZ$ short at .7215

Nice to see aussie pulling back. as long as it can stay below .88, I can float...
  • #4,198
  • Sep 22, 2009 7:12pm Sep 22, 2009 7:12pm
control exposure Puks the markets abit wild in september i dont know why.
  • #4,199
  • Sep 22, 2009 7:19pm Sep 22, 2009 7:19pm
i miss the yen down move and now im long! it could be a mistake but i do it anyway

http://img38.imagefra.me/img/img38/2...bm_fa06b23.png

shall kill if not workout
  • #4,200
  • Sep 22, 2009 7:32pm Sep 22, 2009 7:32pm
Quoting ben10
http://img39.imagefra.me/img/img39/2...am_2873d93.png
down slow and nice...

http://img39.imagefra.me/img/img39/2...wm_ceccd93.png

should move stops to protect the gain
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