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Aussie Pairs

  • #781
  • Sep 12, 2007 8:24am Sep 12, 2007 8:24am
Still seeing a dip below 90 on A/J before the big ride up.
Patience + Humility + Study = Success
  • #782
  • Sep 12, 2007 8:33am Sep 12, 2007 8:33am
Quoting DutchTrader
Still seeing a dip below 90 on A/J before the big ride up.
That's nearly 600 away. Did you close your long? The A/U daily chart is looking better than ever..
  • #783
  • Sep 12, 2007 8:53am Sep 12, 2007 8:53am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
I like the three contracts idea, will add that to my armoury.

regards

MPP
  • #784
  • Sep 12, 2007 8:56am Sep 12, 2007 8:56am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting DutchTrader
Still seeing a dip below 90 on A/J before the big ride up.
personally i don't see it retracing much passed 93.50. we wait and see.
  • #785
  • Sep 12, 2007 11:37am Sep 12, 2007 11:37am
Quoting Trader KGB
That's nearly 600 away. Did you close your long? The A/U daily chart is looking better than ever..
KGB,

I'm saying this on my assumption that even with a Fed Cut we'll see a precipitous drop in the Dow, thus more JPY buying on Tuesday. I still have my long from 92 and holding.
Patience + Humility + Study = Success
  • #786
  • Sep 12, 2007 1:23pm Sep 12, 2007 1:23pm
Quoting DutchTrader
KGB,

I'm saying this on my assumption that even with a Fed Cut we'll see a precipitous drop in the Dow, thus more JPY buying on Tuesday. I still have my long from 92 and holding.
I agree. I think we'll see another test of the 50% fib/97 level on A/J in the next day or two, at which point I'll be looking to exit. I think the best strategy thereafter may be to keep A/U long and short U/J. The decoupling of dollar weakness from carry cross strength could continue for quite some time.
  • #787
  • Sep 12, 2007 11:34pm Sep 12, 2007 11:34pm
Goldman Sachs Global Alpha Fund 22.5% August Decline - biggest losing position, AUD/JPY!

http://www.bloomberg.com/apps/news?p...ntw&refer=home

I did not see that coming.. I thought all of their losses were primarily from CDOs and sub-prime derivatives. Instead, they took a long shot directional bet on A/J into that 2000-pip death spiral, wow..
  • #788
  • Sep 13, 2007 6:19am Sep 13, 2007 6:19am
Bunch of idiots. How do you not cut your losses?
Patience + Humility + Study = Success
  • #789
  • Sep 14, 2007 1:13am Sep 14, 2007 1:13am
aussie faked me when it closed above 0.8411 and i went long...

SL at 0.8388
TP at 0.8500

oh btw the pair is about 7 pips away from my SL
lets see what will happen

anyone currently in a position with this pair?

0.8393 level should hold... aussie wants to go up but the huge drop in cable dropped this pair as well.
give me my pips back...
  • #790
  • Sep 14, 2007 1:26am Sep 14, 2007 1:26am
Quoting Lincoln_10
aussie faked me when it closed above 0.8411 and i went long...
???
I'm showing the daily close at .8385..

In any event, some minor overhead resistance at 8415 with the 61.8 fib and 50-day sma. That's the close you'd want to be looking for. Uptrend is still very strong.
  • #791
  • Sep 14, 2007 6:34am Sep 14, 2007 6:34am
Quick drop to around 96ish on A/J then a range as big money waits for Super Tuesday.
Patience + Humility + Study = Success
  • #792
  • Sep 14, 2007 6:41am Sep 14, 2007 6:41am
[quote=Lincoln_10;1593179]
anyone currently in a position with this pair?
quote]

at 8102, still holding.
Still waters run deep
  • #793
  • Sep 14, 2007 7:21am Sep 14, 2007 7:21am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting DutchTrader
Quick drop to around 96ish on A/J then a range as big money waits for Super Tuesday.

whats super tuesday about then?
  • #794
  • Sep 14, 2007 1:17pm Sep 14, 2007 1:17pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
In need of assistance, will be moving to Oz soon and ned to work out the future price on GBP/AUD. My Mt4 provider dosen't have this pair.

so if any one has the time over the weekend could they place post or PM a chart or 2 for me.

Also this pair has been very consistant on it's downtrend and may be worth trading.

regards

MPP
  • #795
  • Sep 14, 2007 1:41pm Sep 14, 2007 1:41pm
MPP,

Just use the free java charts here, they have GBP/AUD on all timeframes
  • #796
  • Sep 15, 2007 1:41pm Sep 15, 2007 1:41pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Trader KGB
MPP,

Just use the free java charts here, they have GBP/AUD on all timeframes
Hi KGB

Many thanks and the best of pips for pointing that out to me.

regards

MPP
  • #797
  • Sep 17, 2007 7:01am Sep 17, 2007 7:01am
Quoting MPP
whats super tuesday about then?
MPP

Its when Bernanke decides to cut rates or not.
Patience + Humility + Study = Success
  • #798
  • Sep 17, 2007 9:36am Sep 17, 2007 9:36am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting DutchTrader
MPP

Its when Bernanke decides to cut rates or not.
Any idea how it will affect this pair, i would have thought a cut would make this pair a good buy option, based on the difference between rates. This would also be in keeping with the AUD uptrend.
  • #799
  • Sep 17, 2007 12:09pm Sep 17, 2007 12:09pm
Yes, but when the equity markets tank traders jump out of their A/J longs, hence the correction. It really depends on what the market decides is a good buy level. The 92 area is a fibo retracement so that might become the buy area again, as it has been on 2 recent dips.
Patience + Humility + Study = Success
  • #800
  • Sep 17, 2007 12:31pm Sep 17, 2007 12:31pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting DutchTrader
Yes, but when the equity markets tank traders jump out of their A/J longs, hence the correction. It really depends on what the market decides is a good buy level. The 92 area is a fibo retracement so that might become the buy area again, as it has been on 2 recent dips.
well i'm short from 96.30, 92.30 is were my TL is so for me thats a good target, unfortunately i am out al day tommorow so will have to trail a stop to catch this puppy on the way down. i'll put my TP at 92.50 just to be sure.
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