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AUD/USD

  • #5,701
  • Oct 6, 2009 10:41pm Oct 6, 2009 10:41pm
on more thing fammira the dollar index still has abot 50 pips to its rescent low @75.80 so when we get thier we will see how the dollar going to react
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  • #5,702
  • Oct 6, 2009 10:43pm Oct 6, 2009 10:43pm
be displined
kill the risk
and dont fight momentum
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,703
  • Oct 6, 2009 11:10pm Oct 6, 2009 11:10pm
Quoting fammira
RBA is selling above 89

where this rally can go but down now??

RBA is selling - true.

However, RBA is selling only to "slow the pace" down. They do not want to depreciate AUD, only slow its rise so that they can get away without any further interest rise next month.

The market is pricing in 81% chance of another rate hike on 3rd NOvember.

That day horses will be running in Melbourne followed by AUD towards 95 cents.

I am hearing from some highly reliable sources that this beast will go up to 95 cents by end of the year and close to parity or parity by Q1-2010.
  • #5,704
  • Oct 6, 2009 11:10pm Oct 6, 2009 11:10pm
Quoting fammira
RBA is selling above 89
Hi fammira....where did you find this information?
  • #5,705
  • Oct 6, 2009 11:15pm Oct 6, 2009 11:15pm
Quoting joypips
Hi fammira....where did you find this information?
joypips dont listen to rumours if this was true central banks if they sell or buy they do stop at 20pips usauly you will see 300-400 pips moves
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,706
  • Oct 6, 2009 11:20pm Oct 6, 2009 11:20pm
Quoting joypips
Hi fammira....where did you find this information?
http://fxtrade.oanda.com/resources/4cast/indexq.shtml

see AUD related news
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  • #5,707
  • Oct 6, 2009 11:22pm Oct 6, 2009 11:22pm
Quoting blue_z_zz
joypips dont listen to rumours if this was true central banks if they sell or buy they do stop at 20pips usauly you will see 300-400 pips moves
we have been following these pair for quite a long time to know that RBA does not intervene in the market for sharp moves like for instance BOJ or Swiss Bank, but give support to weak AUD or similarly sell some amount to limit its strenght

you will not see sharp moves but that would be enough to stop the rally and action more profit taking
  • #5,708
  • Oct 6, 2009 11:34pm Oct 6, 2009 11:34pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
i have got rid of my short from 8890 - 8878 with a small profit ... i still have 3 soldiers ...

i am gonna add a massive/huge/big one between 8910 - 8920 (short ofcourse) ...

please dont ask why? who? and how?

i am just sharing my activity ...
  • #5,709
  • Oct 6, 2009 11:38pm Oct 6, 2009 11:38pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting fammira
we have been following these pair for quite a long time to know that RBA does not intervene in the market for sharp moves like for instance BOJ or Swiss Bank, but give support to weak AUD or similarly sell some amount to limit its strenght

you will not see sharp moves but that would be enough to stop the rally and action more profit taking
i agree ... i like your explanation fam ... it makes sense ...
  • #5,710
  • Oct 6, 2009 11:47pm Oct 6, 2009 11:47pm
Quoting G_Man
i agree ... i like your explanation fam ... it makes sense ...
it is like that, that is how RBA works on the market, is much more present than most central bank by adjusting market excesses and that's how a central bank should act in my opinion

I am still with my shorts and believe today and tomorrow the market will take profit before ECB and BOE meetings
  • #5,711
  • Oct 6, 2009 11:52pm Oct 6, 2009 11:52pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
alright ... so this is my theory ...

i like to be at top of the chart for short and at the bottom for long and i understand there is a risk involve and i am willing to take it ...

the thing is, if you are not a risk taker you shouldn’t be in CFD at the first place ... specially FX ...

if this thing start falling and I wasn’t short yet … I would feel very sorry for me … and this is why I think at this point of the game everyone should put a very small amount into it (just to test the water) so at least this way you don’t have to be the guy who would wanna pull his hair of ... however if it goes opposite direction you can always SL or add more …
  • #5,712
  • Oct 6, 2009 11:53pm Oct 6, 2009 11:53pm
There is a fair bit of anger about with allegations the RBA deliberately leaked the fact it was raising the rates to a couple of well known financial journos on Monday being the day before the announcement...
  • #5,713
  • Oct 7, 2009 12:00am Oct 7, 2009 12:00am
Quoting fammira
we have been following these pair for quite a long time to know that RBA does not intervene in the market for sharp moves like for instance BOJ or Swiss Bank, but give support to weak AUD or similarly sell some amount to limit its strenght

you will not see sharp moves but that would be enough to stop the rally and action more profit taking
the report says talks and rumours and thats what i was refering to dont lisnten to rumous and as you said RBA as you follow them dont intervene
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  • #5,714
  • Oct 7, 2009 12:03am Oct 7, 2009 12:03am
Quoting blue_z_zz
the report says talks and rumours and thats what i was refering to dont lisnten to rumous and as you said RBA as you follow them dont intervene
market works on rumors, oohhh they do work

anyway I doubt is just a rumor as I know how RBA works and thinks
  • #5,715
  • Oct 7, 2009 12:06am Oct 7, 2009 12:06am
Quoting G_Man
alright ... so this is my theory ...

i like to be at top of the chart for short and at the bottom for long and i understand there is a risk involve and i am willing to take it ...

the thing is, if you are not a risk taker you shouldn’t be in CFD at the first place ... specially FX ...

[font=Verdana]if this thing start falling and I wasn’t short yet … I would feel very sorry for me … and this is why I...
1- first thing G_man i said kill risk not dont take risk their are a big differense

2- every thing in life has risk even when you go to sleep their is the risk that you want get up in the morning

3- by killing risk is a simple equation risk/reward ratio

4- im a trade not a gambler

5- if you want to gamble your better off goin to las vages youll have better or playing the lottery youll have better odds then tring to find a top or a bottom
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,716
  • Oct 7, 2009 12:07am Oct 7, 2009 12:07am
Quoting fammira
market works on rumors, oohhh they do work

anyway I doubt is just a rumor as I know how RBA works and thinks
way argue lets wait and see were at 8902 now were we end the day
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,717
  • Oct 7, 2009 12:10am Oct 7, 2009 12:10am
one more thing their is no emotions in tradeing if this thing breaks 8860 then im going the other way around its that simple
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,718
  • Oct 7, 2009 12:16am Oct 7, 2009 12:16am
Quoting blue_z_zz
way argue lets wait and see were at 8902 now were we end the day
this thread is a great source for ideas exchange, I wish you the best, but I am just sure we will be well below 88 today or tomorrow
  • #5,719
  • Oct 7, 2009 12:20am Oct 7, 2009 12:20am
Quoting fammira
this thread is a great source for ideas exchange, I wish you the best, but I am just sure we will be well below 88 today or tomorrow
belive me i will be on the short side of it when this closes under 8860 with a confermation for me its ok to miss 50 or 80 pips on a move but i have to have confirmtion thats what i mean by killing the risk
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #5,720
  • Oct 7, 2009 12:29am Oct 7, 2009 12:29am
Quoting blue_z_zz
belive me i will be on the short side of it when this closes under 8860 with a confermation for me its ok to miss 50 or 80 pips on a move but i have to have confirmtion thats what i mean by killing the risk
I know mate, we trade different ways, I prefere buy low and sell high,

problem is that my low and my high are not the same as the market shows but as long as I have profit I am just fine

jokes apart, I really do expect AUD to fall much more than this today
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