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  • #104,461
  • Oct 16, 2018 5:06pm Oct 16, 2018 5:06pm
AUD @.7140

Range bound so it seems but on Saturday there is a Bi-election.
This was triggered by the PM being ousted and he left the seat in his electorate.

Normally this seat is quite conservative one of the current govt safest seats.

The latest polls suggest that an independent may take the seat which will be a big blow for the govt on 2 fronts.
1. Loss of support which can be addressed later but the biggest issue is that the govt can no longer rule with a 1 seat majority which means it needs to go to the cross benches for power.

This will probably make the current govt unworkable which puts it in limbo.

Australia will be floating like a cork in the ocean until the next election where the opposition have a cleared lead, the socialists take over and tax tax and more tax takes Australia into the abyss .
  • #104,462
  • Oct 17, 2018 3:19am Oct 17, 2018 3:19am
Did any news came for audusd or just a seasonal bottom?
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  • #104,463
  • Oct 17, 2018 3:32am Oct 17, 2018 3:32am
Probably the same bunch who pushed it from 7100 to 7149 on monday and been buying at key supports. Gotta say I haven't seen such a blatant play by the big boys to stop out the heavy retail shorts like this in a while.
  • #104,464
  • Oct 17, 2018 6:18am Oct 17, 2018 6:18am
Quoting Pedroall
Did any news came for audusd or just a seasonal bottom? {image}
Hi Pedoall

I think its normal. Projecting ti D1 AU is still in the trend line, but almost retracement, there is nothing wrong.
And that is M15 in your chart, no big deal brother.
The consistent profit comes from the perfect algorithm.
  • #104,465
  • Oct 17, 2018 6:43pm Oct 17, 2018 6:43pm
Aud @ .7108

Unemployment out today .. who knows .. its a lottery the way they calculate it anyway .

On the political scene in Australia its a real mess with the current govt.

we have the bi election on saturday which can throw the govt into chaos.

Now we have rumours of a leadership challenge within the national party (the coalition partner of the liberals current govt)

Its utter madness.

On top of that it appears that we have upset Indonesia with the possibility moving the embassy in Israel.

Its becoming a complete farce.
  • #104,466
  • Oct 17, 2018 7:47pm Oct 17, 2018 7:47pm
Quoting lasty
Aud @ .7108 Unemployment out today .. who knows .. its a lottery the way they calculate it anyway . On the political scene in Australia its a real mess with the current govt. we have the bi election on saturday which can throw the govt into chaos. Now we have rumours of a leadership challenge within the national party (the coalition partner of the liberals current govt) Its utter madness. On top of that it appears that we have upset Indonesia with the possibility moving the embassy in Israel. Its becoming a complete farce.
You must have one hell'of'a short on Lasty ..... your passion for the downside is without equal
  • #104,467
  • Oct 17, 2018 7:53pm Oct 17, 2018 7:53pm
Quoting jamesph61
{quote} You must have one hell'of'a short on Lasty ..... your passion for the downside is without equal
some call me a perma bear

I do actually buy it when I see some positives come out of the place but so far I don't see any.
  • #104,468
  • Oct 17, 2018 8:07pm Oct 17, 2018 8:07pm
Quoting lasty
{quote} some call me a perma bear I do actually buy it when I see some positives come out of the place but so far I don't see any.
well the weathers gone to shite lately .....

but on the bright side ....... when its pee'n down outside you can still get a chocky fix

https://www.smh.com.au/business/smal...18-p50aca.html
  • #104,469
  • Oct 18, 2018 2:55am Oct 18, 2018 2:55am
.7105 survived again but might not on the next go , so we might be down to .7075 soon and I think it could be a cheap long? GL!
grist for the mill
  • #104,470
  • Oct 18, 2018 5:23am Oct 18, 2018 5:23am
Quoting Pedroall
Did any news came for audusd or just a seasonal bottom? {image}
seasonal low is printed =hold long
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  • #104,471
  • Oct 18, 2018 7:56am Oct 18, 2018 7:56am
Quoting Pedroall
{quote} seasonal low is printed =hold long {image}
Nope, ideally short positions are preferred
  • #104,472
  • Oct 18, 2018 10:01am Oct 18, 2018 10:01am
Quoting SkyrEk
{quote} Nope, ideally short positions are preferred
what are your reasons to shorts audusd?do you use charts?
  • #104,473
  • Oct 18, 2018 12:59pm Oct 18, 2018 12:59pm
Quoting Pedroall
{quote} what are your reasons to shorts audusd?do you use charts?
Price broke out of my 38.2% and 23.6%. I guess current pricing below .71 is self explanatory too
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  • #104,474
  • Oct 18, 2018 12:59pm Oct 18, 2018 12:59pm
Quoting SkyrEk
{quote} Nope, ideally short positions are preferred
Am short on this pair from 0.7113 Target 7050. Will see
Forex Learner
  • #104,475
  • Oct 18, 2018 1:10pm Oct 18, 2018 1:10pm
Quoting rkr81
{quote} Am short on this pair from 0.7113 Target 7050. Will see
Nice, this pair been falling rapidly for the past few hours.
  • #104,476
  • Oct 18, 2018 1:40pm Oct 18, 2018 1:40pm
Quoting skyrek
{quote} price broke out of my 38.2% and 23.6%. I guess current pricing below .71 is self explanatory too {image}
thanks. I have a longer time frame so your views were right based on your time frame.im trading daily chart only for this trade.
  • #104,477
  • Oct 18, 2018 9:35pm Oct 18, 2018 9:35pm
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  • #104,478
  • Edited 11:24pm Oct 18, 2018 11:13pm | Edited 11:24pm
Quoting lasty
Aud @ .7108 Unemployment out today .. who knows .. its a lottery the way they calculate it anyway . On the political scene in Australia its a real mess with the current govt. we have the bi election on saturday which can throw the govt into chaos. Now we have rumours of a leadership challenge within the national party (the coalition partner of the liberals current govt) Its utter madness. On top of that it appears that we have upset Indonesia with the possibility moving the embassy in Israel. Its becoming a complete farce.
John Howard is out and about so the loss of Wentworth means Libs will lose an election if they can't hold that seat?

I'm not sure how much Aus elections have to do with FX but Labor has the mentality that might bring us to the dark ages, so lets hope Phelps wins.

Send Dutton to the High Court? Where he belongs.

Got below .7100 which seemsto be a decision point.
grist for the mill
  • #104,479
  • Oct 19, 2018 1:48am Oct 19, 2018 1:48am
Quoting Pedroall
{quote} thanks. I have a longer time frame so your views were right based on your time frame.im trading daily chart only for this trade.
Alright man, all the best!
  • #104,480
  • Oct 19, 2018 3:08am Oct 19, 2018 3:08am
Quoting Pedroall
{quote} seasonal low is printed =hold long {image}
If i'm wrong the price action will show a new low below this month low.
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