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AUD/USD

  • #102,021
  • Jul 26, 2017 8:10pm Jul 26, 2017 8:10pm
Quoting interwine
AUD/USD had a whole night correction from 0.79896, however, a break of 0.78351, the highest point on 2016-04-18 is a big support for the upward trend at least these few weeks. A test of 0.8 is very possible given the fact that the recent performance of EUR and Asian stock market.
AUD/USD finally break 0.8, which is faster than I expected. It may have some correction but seems wont go too far from the significant 0.8 level in the coming days
  • #102,022
  • Jul 26, 2017 8:48pm Jul 26, 2017 8:48pm
Good job on those whom went long or held their long.
Positioned myself after fomc for a long to .80, got it overnight. Dollar weakness is really insane. Haha
  • #102,023
  • Jul 26, 2017 8:48pm Jul 26, 2017 8:48pm
Some trader keep adding shorts thinking this will reverse.
  • #102,024
  • Jul 26, 2017 9:14pm Jul 26, 2017 9:14pm
Market Makers ignored data...retail traders expected AUD down but MM drove AUD up......
crush on retail traders(mostly)
I can.I will. End of story.
  • #102,025
  • Jul 26, 2017 10:25pm Jul 26, 2017 10:25pm
well... the aud bull is illogical right now..
Even audcad raises around 140 pips too.
I don't get this point.. it's to crush the retailers?
  • #102,026
  • Jul 26, 2017 11:11pm Jul 26, 2017 11:11pm
Rate statement is on Tuesday

I think it will be a nice short Sunday evening if it's above 0.8 by that time
  • #102,027
  • Jul 26, 2017 11:43pm Jul 26, 2017 11:43pm
Quoting kashirin
Rate statement is on Tuesday I think it will be a nice short Sunday evening if it's above 0.8 by that time
Any idea when this will be the peak ?
  • #102,028
  • Jul 27, 2017 12:00am Jul 27, 2017 12:00am
Parity is inevitable in couple of years to come
Markets are Irrational
  • #102,029
  • Jul 27, 2017 12:22am Jul 27, 2017 12:22am
Quoting ArslanHyder
Parity is inevitable in couple of years to come
Nothing in inevitable that far in the future. For all you know Trump is impeached and new president has totally different thoughts or nuclear war means there is no future. If you were that good at predicting the future you wouldn't need to be posting on here, you'd already be filthy rich or giving lots to charity. Please stop making such definitive statements.
Hope for the best, prepare for the worst.
  • #102,030
  • Jul 27, 2017 1:33am Jul 27, 2017 1:33am
Quoting dab
{quote} Nothing in inevitable that far in the future. For all you know Trump is impeached and new president has totally different thoughts or nuclear war means there is no future. If you were that good at predicting the future you wouldn't need to be posting on here, you'd already be filthy rich or giving lots to charity. Please stop making such definitive statements.
Hahaha.. Please give me the statement which you want to listen. I will post that
Markets are Irrational
  • #102,031
  • Jul 27, 2017 5:16am Jul 27, 2017 5:16am
This might explain the persistently buoyant AUD in light of the strength in iron ore and copper in particular.
https://www.businessinsider.com.au/t...-higher-2017-7
  • #102,032
  • Jul 27, 2017 6:54am Jul 27, 2017 6:54am
Quoting ArslanHyder
Parity is inevitable in couple of years to come
Parity doesn't matter. even so on the way to parity trader has to trade well...that is most important, me think.
I can.I will. End of story.
  • #102,033
  • Jul 27, 2017 9:13am Jul 27, 2017 9:13am
Quoting falcon72202
{quote} Parity doesn't matter. even so on the way to parity trader has to trade well...that is most important, me think.
You are absolutely right but one should consider the long term trend as well... I am definitely using that trend to justify my claim..
Markets are Irrational
  • #102,034
  • Jul 27, 2017 9:33am Jul 27, 2017 9:33am
Quoting ArslanHyder
{quote} You are absolutely right but one should consider the long term trend as well... I am definitely using that trend to justify my claim..
Without going in unnecessary discussion just to say I have short trade target is 30 pips (0.7972). Next trade might be short or long..I do not care about long term parity or whatever...
I can.I will. End of story.
  • #102,035
  • Jul 27, 2017 9:48am Jul 27, 2017 9:48am
Quoting falcon72202
{quote} Without going in unnecessary discussion just to say I have short trade target is 30 pips (0.7972). Next trade might be short or long..I do not care about long term parity or whatever...
done here: au:closed,+30
I can.I will. End of story.
  • #102,036
  • Jul 27, 2017 10:06am Jul 27, 2017 10:06am
Quoting falcon72202
{quote} Without going in unnecessary discussion just to say I have short trade target is 30 pips (0.7972). Next trade might be short or long..I do not care about long term parity or whatever...
Good But I do care for what the market cares about
Markets are Irrational
  • #102,037
  • Jul 27, 2017 4:05pm Jul 27, 2017 4:05pm
au:short;
I can.I will. End of story.
  • #102,038
  • Jul 27, 2017 4:19pm Jul 27, 2017 4:19pm
Quoting ArslanHyder
{quote} Good But I do care for what the market cares about
Why did you delete your other trade explorer? Over leveraged massive draw down from all those USD/CAD shorts that you sold at the bottom? Kept moving stops hoping for a reversal. 100 pips later and account goes bye bye. We've seen this story before.

A little advice from a fellow named Mark Douglas. "Take responsibility for your losses". Other wise, you'll just be another forex gambler.
Pride always comes before destruction.... -Proverbs 16:18
  • #102,039
  • Jul 27, 2017 5:34pm Jul 27, 2017 5:34pm
Quoting ArslanHyder
{quote} Good But I do care for what the market cares about
If one knows what the market really cares about, that will be some kinda divine intervention isn't it?
  • #102,040
  • Jul 27, 2017 6:00pm Jul 27, 2017 6:00pm
Quoting falcon72202
au:short;
If I am not forced to close prematurely(tokyo open), target of this short trade is 0.7903.
I can.I will. End of story.
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