EURUSD

.. playing gbp/aud gu and au...eu ill wait to see what happens.. but aud rate raise should at least let eu test 4855 then some without intervention... but au long (or gbp/aud short) is a good trade because of interest. both may see paridy... aud interest is higher then u.s. highest bond rates. might want to change your account currency to aud.. eur/gbp may see paridy also.. levels on the charts should be respected i always exit at them and re-enter assuming a bounce.. a 15 pip bounce at level locks in your profit and then allows you to enter and make an extra 15 pips or so.. play it both ways and you make 30...extra..

good luck

Have you guys seen how AUD is appreciating across the board following the RBA interest rate hike? I wish I hadn't missed that boat as EURAUD, for example, has fallen +200 pips already and still going...

What do you guys think about the true reasons for this move and the likely impact on the major global economies? For instance, Reuters reports that this "first (G20) central bank to hike rates is an indication that the global economy is faring better than most people have expected" and even "heralded more to come" but could it be that they have raised the rates solely on inflation concerns (not mentioned in the article) and not necessarily on reasons of a better fairing economy?

I guess I'm just surprised about this RBA move as we all know what the economic situation is like in the two major economic powers of the world, the EU zone and the USA, in particular that no rates hikes are expected this year.

gold just hit 1035.. hang on... watch your shorts..

124 times already today. I guess goldman and jpmprgan want to cover their USD shorts, asap.

Dollar execution, everyone come join up on the fun. Thats what they want you to think.

any ideas what was this ?

the pop?? CNBC recycling last nights RBA rate increase

No idea but it can drop mutch more

cycle confluence in 5 hours look for heavy moves.

This bounce got my 15 pips so today already 70 pips not bad and no minuses so far :9

hi bro how are you? nice chart what are the multi parallel lines? I want to change brokers mbtrading only has usd based accounts, which broker do you use? and have you switched your base currency yet? I guess i shouldn't beat myself up too much that i was going to go long audusd at 8240 at 161.8% fib ext. oh well there is more money every day to be made.

s&p open will play its role, iam short from here cant justify else this pair.

I am out again waiting to see what hapends next

Return of the bear ,do or die . Apparently there was total bull failure at the tripple top of the trend & now come back to tie area. Hope the fight will not stay for long time.
fontu

I have jut one th most stupid failure in my trading live so far!
got in at 1,4741 long and out at 1,4700 a nice -41 pips !!
I saw this nice move up so entered long as 1,48XX was up for graps then when it came donw I got really stupid and got out at the botttom of the move yeah what a trader I am.
Well no I will look at it a little more serious and see if I can get those pips back if not then it was a bad day for trading better days come for sure.....

DowJ is up 100 points! Slow news day, more melting up imho. (til thursday news). Can you stay short for 2 more days?

Trading Cat, the EU tested the upper 40's 4 times already today, when that ran up like that it was the perfect short setup unless it broke those earlier levels. Today is a roller coaster though so be careful!

Mike

thx mike yea it is a bit rough today and so was my post from before on me... but its good got it all out and continue with a fresh mind hehehe

which broker is it?