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AUD/USD

  • #7,761
  • Oct 27, 2009 10:21pm Oct 27, 2009 10:21pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting G_Man
CPI is only 0.1% better than what's been forecasted ...

we may see break below 9100 today ...
mission almost accomplished ...
  • #7,762
  • Oct 27, 2009 10:21pm Oct 27, 2009 10:21pm
reduce position pocket the profit and hedge some by long the kiwi , 30 minute left before coffe time
  • #7,763
  • Oct 27, 2009 10:22pm Oct 27, 2009 10:22pm
Quoting G_Man
mission almost accomplished ...
woo hoo got on you mate , admire your patience and steel nerve for holding that short for long time
  • #7,764
  • Oct 27, 2009 10:25pm Oct 27, 2009 10:25pm
Quoting Trembling
Lots of positions to get cleaned out here. Funnily the local national news has started this week reporting about Exporters struggling/complaining about the high AUD. As always very good contrarian indicator.
i dont buy into it(data and news)too much, just trade my chart/system, what is the point having a system by not follow/obeying it,

hope you had good pipping too buddy!
  • #7,765
  • Oct 27, 2009 10:25pm Oct 27, 2009 10:25pm
Quoting nazik
hi can you explain me why we going south when data comes in better then expected?thnks
Its been a one way bet all year. If you didn't know AU is doing ok your must be living under a rock.

Most bets have been placed well in advance of the release.

Smart money anticipates - Dumb money reacts.
  • #7,766
  • Oct 27, 2009 10:25pm Oct 27, 2009 10:25pm
Quoting G_Man
mission almost accomplished ...
So what your opinion it will go south more or will be long ? thnks
  • #7,767
  • Oct 27, 2009 10:26pm Oct 27, 2009 10:26pm
there goes my chances of the Parity day.... Lost all the profit that I had accumulated in the past weeks
Find a job that you love and you dont have to work again in your life.
  • #7,768
  • Oct 27, 2009 10:26pm Oct 27, 2009 10:26pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Trembling
Lots of positions to get cleaned out here. Funnily the local national news has started this week reporting about Exporters struggling/complaining about the high AUD. As always very good contrarian indicator.
that is very true ... it is struggle at the moment for all the exporters ... painful ...
  • #7,769
  • Oct 27, 2009 10:29pm Oct 27, 2009 10:29pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
woo hoo got on you mate , admire your patience and steel nerve for holding that short for long time
2 months anniversary in next couple of days ...

got rid of half of my position at 9205 ...
  • #7,770
  • Oct 27, 2009 10:31pm Oct 27, 2009 10:31pm
Quoting nazik
hi can you explain me why we going south when data comes in better then expected?thnks
perhaps all the data already priced in or the traders unload their long position, took profit and sailing south by reversing the position, me follow where the wind blow
  • #7,771
  • Oct 27, 2009 10:32pm Oct 27, 2009 10:32pm
Quoting nazik
hi can you explain me why we going south when data comes in better then expected?thnks
There is less chance of a 50 basis point rate rise now looking more like it will be 25 basis points when the next RBA meeting next Tuesday.
  • #7,772
  • Oct 27, 2009 10:32pm Oct 27, 2009 10:32pm
Quoting nazik
hi can you explain me why we going south when data comes in better then expected?thnks
I think alot of punter went long on the new and got stop loss hit and liquidated.
  • #7,773
  • Oct 27, 2009 10:33pm Oct 27, 2009 10:33pm
Quoting ben10
perhaps all the data already priced in or the traders unload their long position, took profit and sailing south by reversing the position, me follow where the wind blow
How far away you think it will blow.I stuck with my long and allready 50 pips minus so i want your advice,thnks
  • #7,774
  • Oct 27, 2009 10:34pm Oct 27, 2009 10:34pm
Quoting ben10
perhaps all the data already priced in or the traders unload their long position, took profit and sailing south by reversing the position, me follow where the wind blow
I stuck with my long -50 pips what your advice will be?thnks
  • #7,775
  • Oct 27, 2009 10:36pm Oct 27, 2009 10:36pm
ok guys im out of here got to go to work and become slave again, Ciao!
  • #7,776
  • Oct 27, 2009 10:38pm Oct 27, 2009 10:38pm
Quoting ben10
compression breakdown ! aussie make the move expecting break below 9100 and will add and ride

http://img03.imagefra.me/img/img03/2...dm_ffd9a87.png
How do you like using OANDA? I just opened an OANDA account last week and have been following AUD/USD. Wish I would have opened the account months ago. Do you think that I missed the ride for this one?
  • #7,777
  • Oct 27, 2009 10:55pm Oct 27, 2009 10:55pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
finally, i smile ... no thats not correct ...

i ... LMAO ... big party this weekend ... whose coming?
  • #7,778
  • Oct 27, 2009 11:26pm Oct 27, 2009 11:26pm
Boy!! You don't often get such text book LH's to enter a trade. This is the type of thing you see in "How to make money in FX" books

(No doubt that's it now I bothered to post a chart about it!)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 28 oct 09.gif Size: 15 KB
  • #7,779
  • Oct 27, 2009 11:30pm Oct 27, 2009 11:30pm
Quoting G_Man
finally, i smile ... no thats not correct ...

i ... LMAO ... big party this weekend ... whose coming?
I am definitely not coming.

added long straight after the release of the data at .9201 and now I am trying to average out.

down -150 pips.

Dont think it'll go down below .9050 today or this week.

This is again an excellent opportunity to go long in this pair because rates will definitely rise next week and so will this pair.
  • #7,780
  • Oct 27, 2009 11:31pm Oct 27, 2009 11:31pm
Quoting donquijote
How do you like using OANDA? I just opened an OANDA account last week and have been following AUD/USD. Wish I would have opened the account months ago. Do you think that I missed the ride for this one?
There'll be many rides donquijote. And you need to look at what the rest of the park has to offer.
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