add more kiwi long
- #3,721
- Sep 16, 2009 7:29pm Sep 16, 2009 7:29pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #3,722
- Sep 16, 2009 7:50pm Sep 16, 2009 7:50pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #3,724
- Sep 16, 2009 8:10pm Sep 16, 2009 8:10pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #3,725
- Sep 16, 2009 8:14pm Sep 16, 2009 8:14pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
There is nothing "untouchable" for this freaking Aussie crap. My underwears are down as I thought:::
a) .8500 is untoucbale
b).8600 is out of question
c) .8700 we may see next year
d) .8800 not a chance
The reality is US$ is as good as Zimbabwe $ and we may see US$=AU$ parity before Xmas if this farking pair keeps going the way it is going.
glad to hear from Puks , i just keep sending the troops as long as 8750 resistance can hold, move above it reduce positions
- #3,726
- Sep 16, 2009 8:21pm Sep 16, 2009 8:21pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #3,727
- Edited 9:25pm Sep 16, 2009 9:05pm | Edited 9:25pm
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts | Online Now
- #3,728
- Sep 16, 2009 9:07pm Sep 16, 2009 9:07pm
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts | Online Now
The reality is US$ is as good as Zimbabwe $ and we may see US$=AU$ parity before Xmas if this farking pair keeps going the way it is going.[/quote]
then you could try to go long here and see what happens
then you could try to go long here and see what happens
- #3,730
- Sep 16, 2009 9:40pm Sep 16, 2009 9:40pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #3,731
- Sep 16, 2009 9:43pm Sep 16, 2009 9:43pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
i have just shown a big respect to you and added more at 8755 ... 10th players down ... 1 more at 8810 and if it still doesnt work than i am gonna have to become a scalper like ben for sometime ...
i hope your wish come true ...
see you all tonite CIAO!
- #3,733
- Sep 16, 2009 10:17pm Sep 16, 2009 10:17pm
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts | Online Now
I have just covered my short position in E/USD at 1.4720 (loss of about 220 pips) to free up some margin.
I will add the last and FINAL short at .8810.
Bring it on...
IF YOU'VE GOTTA SURVIVE, YOU'VE GOTTA HIT THE BULL'S EYE...
using 100% of your capital is something that is always better to avoid.
moreover, even though one never knows, I would be really surprised to see 0,88.
Pair is now capped by previous highs at 0,8756.
0,88 - 0,8813 is a possibility in case 0,8756 is also broken up, but even in that case I would not use my entire margin again.
also, if you shorted EURUSD at 1,45, you overexposed yourself by shorting the AUDUSD as well, that is a pair that if you notice makes more or less the same moves than EURUSD.
My words are not critic, when we started trading we all do these kinds of mistakes.
Always remember that market can't always go in the direction you want, so keep yourself a good margin for safety, emergency and most of all, this will allow you to be serene when you are temporarily facing a loss
- #3,734
- Sep 16, 2009 10:24pm Sep 16, 2009 10:24pm
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts | Online Now
- #3,736
- Sep 16, 2009 11:07pm Sep 16, 2009 11:07pm
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts | Online Now
- #3,739
- Sep 16, 2009 11:27pm Sep 16, 2009 11:27pm
- | Joined Aug 2007 | Status: Say what ? | 1,888 Posts
Is it not the Gold market pushing this pair higher ?
Is it the disparity in the yield of the 2 currencies ?
Is it some theory of financial inertia at work ?
The fundamentals that would ordinarily be in play and at work in the AUD FX market
seem to be in some sort of "suspended animation mode", as if players are reckoning,
"...well, if nobody's gonna do anything about it, if RBA has no stated plans to intervene,
if lazy money keeps chasing yield, and as long as gold is up...up...up, why not
push this pair as far past 80 cents as we can get away with, for as long as we can get away with it...."
I guess to hell with reality. Oz has problems. The USA has problems. Every economy has its woes.
But I have to ask, who in the Milton Friedman do these economist think they're fooling ?
Australia is a friend to the USA. They are our partner, both in peacetime and in war.
The two nations have ties that I dare say, are stronger than those that they (OZ) once had with Great Britain.
As economic partners, there are also ties that bind. One is the rate of exchange for each other's money.
AUD is certainly worth more than 60 cents to the US, as it traded as such late last year.
That was overdone. A few months prior, the rate was close to 1:1. That was overdone too.
Somewhere in the middle is where it will find a comfort level, if for however temporary,
and that level will likely be around 78-80 cents US, plus or minus a couple of percent.
Question is, how long will it take for things to gravitate back towards "normal", whatever that used to mean.....
Is it the disparity in the yield of the 2 currencies ?
Is it some theory of financial inertia at work ?
The fundamentals that would ordinarily be in play and at work in the AUD FX market
seem to be in some sort of "suspended animation mode", as if players are reckoning,
"...well, if nobody's gonna do anything about it, if RBA has no stated plans to intervene,
if lazy money keeps chasing yield, and as long as gold is up...up...up, why not
push this pair as far past 80 cents as we can get away with, for as long as we can get away with it...."
I guess to hell with reality. Oz has problems. The USA has problems. Every economy has its woes.
But I have to ask, who in the Milton Friedman do these economist think they're fooling ?
Australia is a friend to the USA. They are our partner, both in peacetime and in war.
The two nations have ties that I dare say, are stronger than those that they (OZ) once had with Great Britain.
As economic partners, there are also ties that bind. One is the rate of exchange for each other's money.
AUD is certainly worth more than 60 cents to the US, as it traded as such late last year.
That was overdone. A few months prior, the rate was close to 1:1. That was overdone too.
Somewhere in the middle is where it will find a comfort level, if for however temporary,
and that level will likely be around 78-80 cents US, plus or minus a couple of percent.
Question is, how long will it take for things to gravitate back towards "normal", whatever that used to mean.....
