AUD/USD

Quoting SkyrEk

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Next potential move. 4hr chart. {image}

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Quoting gugun555

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wtf is going on with NU, dropping like hell...

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Quoting Davit

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{quote} Hi L You are making lots of assumptions like 90% hike priced in....etc etc. Aussie dollar is overvalued overall won't surprise me it dropping to 76 where it wants to be.Considering Yelens statements of possible aggressive hikes in 2018 its more likely AU dropping lower then going higher specially that interest rate deferential is no longer big factor as far as carry over trades. regards

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Quoting Vitallica

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{quote} I am in agreement with you, my background is as a process engineer in mining, since selling my engineering business in 2015 I have noticed the flux in my LinkedIn network, which is largely unseen but is a vast under employed or unemployed group. The mechanism to register as unemployed in Australia limits people with relatively high net worth or previous high incomes from becoming part of the statistic. Nonetheless their living expenses are met from low paying part time work, savings and asset disposal, the rise to a 200% household debt number...

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Quoting Leinadgnow

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{quote} I used to restructure the mines up in darwin :X and yes, it is really pretty shitty still up there. GWA even gave us a huge ass fat discount to use their rails due to under utilization. 1). I'm not saying Aussie dollar is out of the woods in the long run such as maybe 3 -5 years. 3-5 years, i see it being in a world of pain. 2). I'm talking about taking a crack at .85 - .90 between now till dec / feb base on the Dollar weakness and demand for aussie given what i see fundamentally at the moment.. 3). R:R again is on my side. (Think Brexit)...

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Quoting Leinadgnow

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{quote} Hey bro, appreciate the comment and i see your perspective. but that being said, im first and foremost a trader on probability given the risk / reward. assuming that most people are priced in on a rate hike for dec. and assuming it doesn't come through? aussie dollar gonna shoot through the roof in tandem with good demand coming in for raw mat in dec - feb. Take it is as sort of buying an option for the rate hike to fail Secondly. i will buy the dips only because i like what i see on the weekly. i have my own...

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Quoting Davit

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{quote} closed my trade in profit Closed AU +632 green pips to you {image}

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Quoting nimtrader

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sadly Davit is retiring from his thread for a bit I'm hoping it will just be a break, But....

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Quoting SkyrEk

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{quote} 4hr chart. Long at .7860 SL at .7800 TP: .7950 {image}

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Quoting Leinadgnow

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{quote} Hey bro, appreciate the comment and i see your perspective. but that being said, im first and foremost a trader on probability given the risk / reward. assuming that most people are priced in on a rate hike for dec. and assuming it doesn't come through? aussie dollar gonna shoot through the roof in tandem with good demand coming in for raw mat in dec - feb. Take it is as sort of buying an option for the rate hike to fail Secondly. i will buy the dips only because i like what i see on the weekly. i have...

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Quoting nimtrader

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and your opinion is so relevant he builds up peoples skills you ridicule to the point of being useless go on Ignore me FOOL

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Quoting dab

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{quote} Might be a better idea to use actual options rather than FX for what you are talking about. Obviously depends on your timeframe but to my thinking buys at current price are roughly 50/50 and likelihood of 85-90 price range you mention in your other post are (in my opinion) much less than 50% chance. (goes against RBA view of exchange rate needed to rebalance Aussie economy.)

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