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AUD/USD

  • #4,721
  • Sep 28, 2009 11:59pm Sep 28, 2009 11:59pm
Quoting ben10
Hi Fammira , still play the eur/gbp?
hi ben, yes I went short at 0.9270 and I am waiting for London to open and the Pound data in the afternoon to see if it's the case to take profit or let it go down further

also still ok with long on usdjpy but down on aususd short and an old usdchf long

how about you?
  • #4,722
  • Sep 29, 2009 12:44am Sep 29, 2009 12:44am
Quoting fammira
hi ben, yes I went short at 0.9270 and I am waiting for London to open and the Pound data in the afternoon to see if it's the case to take profit or let it go down further

also still ok with long on usdjpy but down on aususd short and an old usdchf long

how about you?
Hi Fammira,

What is your take on GBP/USD? I am currently short from 1.5910 but the market jumped to about 1.5957. its very small lot but what do you suggest? should I continue to hold it or close it and go long?

my target price is around 1.5890. Only 20 pips from my entry points.

Thanks

PS : I am sitting on the sidelines on AUD/'USD as I dont want to take a false entry. if it can't break .88 cent by NY tonight, I will enter short.

Cheers
  • #4,723
  • Sep 29, 2009 1:13am Sep 29, 2009 1:13am
Quoting puks
Hi Fammira,

What is your take on GBP/USD? I am currently short from 1.5910 but the market jumped to about 1.5957. its very small lot but what do you suggest? should I continue to hold it or close it and go long?

my target price is around 1.5890. Only 20 pips from my entry points.

Thanks

PS : I am sitting on the sidelines on AUD/'USD as I dont want to take a false entry. if it can't break .88 cent by NY tonight, I will enter short.

Cheers

hi puks

once again I would stay with your shorts, I think GBPUSD has not reached its buy levels at 1,57, possibily even below.
As AUDUSD, it will very likely go up more, but still I expect a fall before further rise...shorting here and looking for 0,84-85 before going long again is still the best thing to do in my opinion
  • #4,724
  • Sep 29, 2009 1:15am Sep 29, 2009 1:15am
Dow Jones futures is currently at +3 which may point to a flat start. If the stocks fail to rally, AUD should take a breather.

Whats been bolstering the AUD is yesterday's RBA statement that we'll soon be pulling away from emergency interest rates. Several are already speculating that the RBA will raise rates by 25 points. I'd caution shorts at the moment to get out as soon as possible and start looking at Long entries if possible.

In my opinion the chances of a rate hike is unlikely due to the economy conditions of other markets. While most of Asia seems to be doing fine, Europe and the US seem to be struggling slightly. Even though some indicators are producing better than previous results, a lot of the times they still fall below expectation which may suggest over-optimism in the recovery.

But I still wouldnt rule out the hike completely.


Fammira, just wondering are you a technical or fundamentals?
  • #4,725
  • Sep 29, 2009 1:24am Sep 29, 2009 1:24am
Quoting T55
Dow Jones futures is currently at +3 which may point to a flat start. If the stocks fail to rally, AUD should take a breather.

Whats been bolstering the AUD is yesterday's RBA statement that we'll soon be pulling away from emergency interest rates. Several are already speculating that the RBA will raise rates by 25 points. I'd caution shorts at the moment to get out as soon as possible and start looking at Long entries if possible.

In my opinion the chances of a rate hike is unlikely due to the economy conditions of other markets. While...
Let's say I am both and none

I tend to observe the market ups and downs and exploit excesses in order to make profit.
I use highs and lows as useful references, but don't go crazy with further technical analysis cause I know that market continuously moves in order not to show stable levels, create panic and sell higher or buy lower.

In this way I realize I can't have many real facts supporting my ideas, that even if often wrong, come mainly from observation of whole forex market moves
  • #4,726
  • Sep 29, 2009 1:33am Sep 29, 2009 1:33am
Quoting T55
Dow Jones futures is currently at +3 which may point to a flat start. If the stocks fail to rally, AUD should take a breather.

Whats been bolstering the AUD is yesterday's RBA statement that we'll soon be pulling away from emergency interest rates. Several are already speculating that the RBA will raise rates by 25 points. I'd caution shorts at the moment to get out as soon as possible and start looking at Long entries if possible.


Fammira, just wondering are you a technical or fundamentals?
No rate hikes in October - not a chance in trillion light years.

70-80% chance of rate hike in november depending on tomorrow's retail sales.

banks and financial markets are pricing in a rate hike before Xmas.
  • #4,727
  • Sep 29, 2009 2:27am Sep 29, 2009 2:27am
Hi Ben10,

Did you decide to take a position on the USD/JPY?
If there is ever any doubt then there is no doubt.
  • #4,728
  • Sep 29, 2009 2:31am Sep 29, 2009 2:31am
Quoting Kristo
Hi Ben10,

Did you decide to take a position on the USD/JPY?
if so try to take it near the lows, 88.10 - 30 should hold
  • #4,729
  • Sep 29, 2009 3:24am Sep 29, 2009 3:24am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting fammira
if so try to take it near the lows, 88.10 - 30 should hold
i thought it would be more like 8700 - 8720
  • #4,730
  • Sep 29, 2009 3:33am Sep 29, 2009 3:33am
Quoting G_Man
i thought it would be more like 8700 - 8720
I don't think we'll see lows again after the two downmoves in a rows of Friday and Monday, just according to my humble small experience
  • #4,731
  • Sep 29, 2009 5:33am Sep 29, 2009 5:33am
spike up
just speculating
  • #4,732
  • Sep 29, 2009 5:36am Sep 29, 2009 5:36am
Quoting puks
hey mate, i just got online and saw your e-mail. will download it and read it later tonight from home. thanks once again.

I will reply to your e-mail.

Thanks once again..

BTW, I was scalping only a few pips. made about 20 pips. small start but every pip counts. currently I am on sidelines waiting for higher level to enter shorts.
Puks, I think you can try shorts on AUDUSD now, price is .8750
We are very close to the top, if it breaks higher just dont follow it,
  • #4,733
  • Sep 29, 2009 5:36am Sep 29, 2009 5:36am
Quoting eauyong
spike up
AUD spiked up against many of the pairs... might be a big buyer taking up the nation with the best hopes of recovery. Euro on the other hand still falling like a rock.
  • #4,734
  • Sep 29, 2009 5:39am Sep 29, 2009 5:39am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting eauyong
spike up
what the hell just happened at 8.30pm AEST ...

anyone knows?
  • #4,735
  • Sep 29, 2009 5:40am Sep 29, 2009 5:40am
i think this spike has to do with the russian central bank comments on adding CAD & AUD to thier reserves
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,736
  • Sep 29, 2009 5:44am Sep 29, 2009 5:44am
the comment came from first deputy chairman of the russian central bank @6:35 am est
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,737
  • Sep 29, 2009 5:47am Sep 29, 2009 5:47am
Quoting blue_z_zz
the comment came from first deputy chairman of the russian central bank @6:35 am est
Thanks for sharing this timely info.
just speculating
  • #4,738
  • Sep 29, 2009 5:47am Sep 29, 2009 5:47am
I went short at .8740 , I think the option barrier at .88 might hold at least till fri ,the NFP news might break it higher, or reverse it finally
  • #4,739
  • Sep 29, 2009 5:50am Sep 29, 2009 5:50am
Anybody shorted at 8753-8750? It moved too fast for my fingers.
just speculating
  • #4,740
  • Sep 29, 2009 5:52am Sep 29, 2009 5:52am
Quoting eauyong
Anybody shorted at 8753-8750? It moved too fast for my fingers.
I did at ,8740 ;-)
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