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AUD/USD

  • #981
  • Nov 11, 2008 8:08am Nov 11, 2008 8:08am
CLosed long -10 pip...

just not happening today, yet.
  • #982
  • Nov 11, 2008 7:59pm Nov 11, 2008 7:59pm
Swissy has had a collision with the weekly 200ema gorilla. May be about to get a serious hiding.

We are happy little vegemites.....
  • #983
  • Nov 12, 2008 7:37pm Nov 12, 2008 7:37pm
Much as I like the notion of the AUD going long, interferring in the market in this way is extremely irritating. The RBA had better have very deep pockets is they intend to continue this. The AUD needs to stand on it's own merits. Staving off the inevtiable isn't going to help the Aussie find legitmate feet in a highly fragile market. Closed my AUDUSD and AUDJPY shorts.
  • #984
  • Nov 12, 2008 7:50pm Nov 12, 2008 7:50pm
Quoting Jade Gate
Much as I like the notion of the AUD going long, interferring in the market in this way is extremely irritating. The RBA had better have very deep pockets is they intend to continue this. The AUD needs to stand on it's own merits. Staving off the inevtiable isn't going to help the Aussie find legitmate feet in a highly fragile market. Closed my AUDUSD and AUDJPY shorts.
How do you know that RBA is doing this?
Where can I see this.
Can it also be China or Japan?
Plse explain.
Thanks fr yr support
  • #985
  • Nov 12, 2008 7:56pm Nov 12, 2008 7:56pm
Quote
RBA officially confirms it intervened in the market to support the Aussie dollar. Traders earlier reported RBA buying AUD's overnight into the 0.6350 mark after it fell to as low as 0.6351. RBA's intervention is the fourth time in the past month the CB has stepped into the FX mkts to add lqty and smoothen moves, with prior intervention reported at 0.6010-30 lvls after it fell to a five-and-a-half-year low of 0.6009 on Oct 27.

What this does is clobber the Kiwi even more of course
Patience + Humility + Study = Success
  • #986
  • Nov 12, 2008 8:38pm Nov 12, 2008 8:38pm
Quoting DutchTrader
What this does is clobber the Kiwi even more of course
The man from Holland,dat is eindelijk duidelijke taal.
Waar vindt je dit?

Thnks fr yr support
  • #987
  • Nov 12, 2008 8:43pm Nov 12, 2008 8:43pm
hi man,


see my account please: a picture attached below..
as everybody knows photo depicting is faster than words....



good luck.


Davic
Attached Image (click to enlarge)
Click to Enlarge Name: my account.gif Size: 36 KB
  • #988
  • Nov 12, 2008 9:10pm Nov 12, 2008 9:10pm
The initial interference was defensible and warranted given the circumstances at .60c (carry trade unwinding and AUD short hedging in full flight), but not now. Continued interference is a very high risk move for RBA capital that should not be put to these purposes. Not convinced it is a particularly smart move.

It does however, potentially open up opportunities for EURAUD and GBPAUD shorts.
  • #989
  • Nov 13, 2008 1:21am Nov 13, 2008 1:21am
wonder when this talking s)(!t will end with the RBA.
Attached Image (click to enlarge)
Click to Enlarge Name: Intervention.png Size: 23 KB
  • #990
  • Nov 13, 2008 1:46am Nov 13, 2008 1:46am
It rather increases the risk factor if you are looking to short, and/or limits the depth of a move. It also seriously pollutes the TA, making it unreliable. Took a short this afternoon during the news but leaving it alone now... interesting re the JPY, it also is not behaving with it's characteristic shorting fervour. Euro and cable shorts doing just fine however.
  • #991
  • Nov 13, 2008 1:47am Nov 13, 2008 1:47am
Hello traders,

please look at my account attached below,it just cost me one day and win a great profit which you can't believe. and here thanks to feb2865, who give me much enlightening on select entry point in trading.



thank you again


davic lee
Attached Image (click to enlarge)
Click to Enlarge Name: my account.gif Size: 32 KB
  • #992
  • Nov 13, 2008 5:13am Nov 13, 2008 5:13am
Quoting davic_lee
Hello traders,

please look at my account attached below,it just cost me one day and win a great profit which you can't believe. and here thanks to feb2865, who give me much enlightening on select entry point in trading.



thank you again


davic lee
Time to do on vacation!! I'm going to demo land!

Later my Aud trader friends...taking off the rest of the year!

Best of luck!
  • #993
  • Nov 13, 2008 5:41am Nov 13, 2008 5:41am
Later mate, enjoy the stress free life. Thanks for your posts.
  • #994
  • Nov 13, 2008 6:30am Nov 13, 2008 6:30am
Quoting TIckerShuffl
Time to do on vacation!! I'm going to demo land!

Later my Aud trader friends...taking off the rest of the year!

Best of luck!
hi man,

what are you talking about?



....
  • #995
  • Nov 13, 2008 5:58pm Nov 13, 2008 5:58pm
I would like to ask everyone here, to please read this article and post your thoughts:

http://www.dailypaul.com/node/72949

Revaluation of the US $? Back to gold standard? May be just rumor but if you think about the fundamentals behind it - makes quite a lot of sense. It's how we got out of the great depression, and you all know how history tends to repeat itself..
  • #996
  • Nov 13, 2008 7:19pm Nov 13, 2008 7:19pm
When reviewing articles from any source, one requires a capacity called "critical literacy", that is an ability to ask relevant questions such as...

1. What is the source?
2. What is their "agenda"?
3. What does the author stand to gain if I am suckered?


Planet Earth is full of doomsayers with agendas to run.

A relevant question to ask yourself...

Is the US really in or anywhere near "depression", or just approaching a natural recessionary cycle of repositioning post the hyper inflation of debt-fuelled liquidiity?
  • #997
  • Nov 14, 2008 2:01pm Nov 14, 2008 2:01pm
Looks as if a inverse head in shoulders is forming here off the daily.
Check Mate GAME OVER
  • #998
  • Nov 14, 2008 2:28pm Nov 14, 2008 2:28pm
The Aussie inverse head n shoulders has been forming for a while, but I'm a little concerned that the right shoulder is a less than reliable fabrication because of RBA intervention at .6300. If it had arrived through normal means (because it had general market support at that level) I'd have more confidence it may pop north when the consolidation is done, but it may just channel instead. It seems the EURUSD pair did a double bottom as did DJI last session and that traders may be betting on a bounce here. Don't know if they will get what they expect. Cable, Euro and AUD may find some strength today from good stock market action in Asia so far, and the DJI may perk up some too ahead of the G20 this weekend, but what happens next week may contra indicate. It is still quite fragile for further USD strength (weekly 200ema in play USDCHF) and the RBA's influence over the AUD does pollute the TA considerably.
  • #999
  • Nov 16, 2008 11:27am Nov 16, 2008 11:27am
Quoting bunton
Looks as if a inverse head in shoulders is forming here off the daily.
Absolutely!
  • #1,000
  • Nov 16, 2008 3:11pm Nov 16, 2008 3:11pm
Sinking in early trade, low volume though.


If you haven't watched the clip from Imarkets about commercial paper still being tight and what this says about the risk climate still evident in markets across the board, this would be a good time to do so.
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