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Aussie Pairs

  • #461
  • Jun 25, 2007 7:21am Jun 25, 2007 7:21am
85.00 reached ......8800 when ?? Onwards and upwards for the Aussie
If we aren't supposed to eat animals..... why are they made out of meat??
  • #462
  • Jun 26, 2007 1:45pm Jun 26, 2007 1:45pm
aussie looks interesting atm.
BAM BAM BOOM! -bravado
  • #463
  • Jun 26, 2007 4:00pm Jun 26, 2007 4:00pm
It wouldn't surprise me to see Aud/usd continue to rise - after all, even w/o carry trades there's growing demand in Asia for Aussie commodities - and we know what China would like to pay with (hint, it's not yuan).
But if you look at the basic ccy triangle between Australia, Japan, and the US, we have
A/U = (A/J)/(U/J)
and if the LHS goes up, so must the RHS.
But Aud/Jpy looks to be starting to weaken (carry trade weakening?) so Usd/Jpy must weaken even more...course the theory goes up in smoke if A/U decides to drop more than a few % ...
  • #464
  • Jun 26, 2007 4:26pm Jun 26, 2007 4:26pm
I have found the A/U very interesting as of late, and prefer trading the pair on the short side. I understand the strong fundamentals on the Aussie side, but let's not forget that the USD might be starting to turn north. .
  • #465
  • Jun 26, 2007 4:57pm Jun 26, 2007 4:57pm
Quoting Magic46
I have found the A/U very interesting as of late, and prefer trading the pair on the short side. I understand the strong fundamentals on the Aussie side, but let's not forget that the USD might be starting to turn north. .
missed the 8500 short here myself. but did gain a lot from long yen. so can't complain.
BAM BAM BOOM! -bravado
  • #466
  • Jun 26, 2007 5:34pm Jun 26, 2007 5:34pm
Quoting bravado
missed the 8500 short here myself. but did gain a lot from long yen. so can't complain.
Yup, 8496 was my last sell of the A/U pair. We'll see what happens with the Yen...I'm skeptical betting long the yen (shorting the yen pairs), but all of the pairs are extreemly OB, so have a couple of short positions with the E/J, and G/J. I think the BOJ is tough to bet against though, so we'll see.
  • #467
  • Jun 26, 2007 6:06pm Jun 26, 2007 6:06pm
Quoting Magic46
Yup, 8496 was my last sell..I think the BOJ is tough to bet against though, so we'll see.
good sell indeed.
agreed about BOJ. but they will strike when least expected.
BAM BAM BOOM! -bravado
  • #468
  • Jun 26, 2007 6:19pm Jun 26, 2007 6:19pm
Quoting bravado
aussie looks interesting atm.
and there is that drop.

big drop indeed.
BAM BAM BOOM! -bravado
  • #469
  • Jun 26, 2007 7:02pm Jun 26, 2007 7:02pm
Quoting Magic46
..8496 was my last sell of the A/U pair..
usually when i trade this pair, i buy/sell near 3 times the usual lot due to its slow movements and cheap to trade. it's good profit.

i didn't get in the action. thought i might get a better price higher.

dropped faster then i thought.

congrats.
BAM BAM BOOM! -bravado
  • #470
  • Jun 26, 2007 7:55pm Jun 26, 2007 7:55pm
Thanks, took some profit and will await for a bounce north and re-enter south. Today was a big step forward for a nice dip. Have we seen the top for awhile? I think we have for the short term at least.
  • #471
  • Jun 27, 2007 4:16am Jun 27, 2007 4:16am
Quoting bravado
usually when i trade this pair, i buy/sell near 3 times the usual lot due to its slow movements and cheap to trade. it's good profit.

i didn't get in the action. thought i might get a better price higher.

dropped faster then i thought.

congrats.
Should look at gbp/aud or gbp/nzd, alternately for a lower spread you could go euro. They tend to range about 100-150 a day fairly consistently. Both the gbp's saw 200+ today
  • #472
  • Jun 27, 2007 4:49am Jun 27, 2007 4:49am
Time to load up the Aussie long truck
Patience + Humility + Study = Success
  • #473
  • Jun 27, 2007 5:02am Jun 27, 2007 5:02am
Hurry up dude , cause I am losing like 200 pips there
  • #474
  • Jun 27, 2007 5:40am Jun 27, 2007 5:40am
Quoting Vlad
Hurry up dude , cause I am losing like 200 pips there
Which is hard to do on a 133 pip move!

Still amazing how these currency pair threads have stayed a public celebration of money sinkholes across the board for over a year and people still frequent them daily.
Trust price. Know yourself.
  • #475
  • Jun 27, 2007 6:13am Jun 27, 2007 6:13am
Quoting shadeslay
Should look at gbp/aud or gbp/nzd, alternately for a lower spread you could go euro. They tend to range about 100-150 a day fairly consistently. Both the gbp's saw 200+ today
will check these out.
BAM BAM BOOM! -bravado
  • #476
  • Jun 27, 2007 6:38am Jun 27, 2007 6:38am
Quoting shadeslay
Should look at gbp/aud or gbp/nzd, alternately for a lower spread you could go euro. They tend to range about 100-150 a day fairly consistently. Both the gbp's saw 200+ today
20 pip stop and 40 moved makes the same money as a 50 pip stop and 100 moved or 100 pip stop and 200 moved..

I have no idea why people are always so pip crazy. As bravado said, AUDUSD is a good example of how it's just a smaller SCALE, not smaller profit.
Trust price. Know yourself.
  • #477
  • Jun 27, 2007 7:19am Jun 27, 2007 7:19am
Quoting SeekingLight

I have no idea why people are always so pip crazy. As bravado said, AUDUSD is a good example of how it's just a smaller SCALE, not smaller profit.
Maybe cuz they make business with small amount of money. Like me. I can't take risk, that's why i prefer to unload when i make 10-20 pips.
R.Ozkan 1984 İzmir-Turkiye
  • #478
  • Jun 27, 2007 9:29am Jun 27, 2007 9:29am
Anybody else selling the bounces..Sold the recent bounce to .8420 and holding on for the ride.
  • #479
  • Jun 27, 2007 9:37am Jun 27, 2007 9:37am
Quoting Magic46
Anybody else selling the bounces..Sold the recent bounce to .8420 and holding on for the ride.
looking for a different level to get in.
BAM BAM BOOM! -bravado
  • #480
  • Jun 27, 2007 10:24am Jun 27, 2007 10:24am
Quoting Magic46
Anybody else selling the bounces..Sold the recent bounce to .8420 and holding on for the ride.
Adding in, mostly on aud/jpy. The last big tumble (in feb) took 3-4 days to complete, with a 5% drop on aud/jpy, and 8% pm nzd/jpy. No promises though, alas....
My impression is that it's working much like Eur/jpy does at times - flowing through usd as an intermediate state But that's very subjective...
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