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AUD/USD

  • #10,321
  • Nov 30, 2009 9:37pm Nov 30, 2009 9:37pm
Spreads are through the roof
NOTHING VENTURED, NOTHING GAINED
  • #10,322
  • Nov 30, 2009 9:38pm Nov 30, 2009 9:38pm
Quoting forexlion
rate hike = strong currency
My friend , its already priced in since 2 months ago , I'm not saying it wont , but not for this rate hike. the R at .9200 is strong so far
  • #10,323
  • Nov 30, 2009 9:39pm Nov 30, 2009 9:39pm
The news brought out all the spectators, 95 thread veiwers !!!
Price is what you pay. Value is what you get
  • #10,324
  • Nov 30, 2009 9:40pm Nov 30, 2009 9:40pm
Quoting franco73
Spreads are through the roof

Mine are 2 pips. Pretty much ended up where it started.
  • #10,325
  • Nov 30, 2009 9:42pm Nov 30, 2009 9:42pm
Quoting kimd
Mine are 2 pips. Pretty much ended up where it started.
mine have settled now, but when i posted they were ranging from 3.6 to 22.2
NOTHING VENTURED, NOTHING GAINED
  • #10,326
  • Nov 30, 2009 9:42pm Nov 30, 2009 9:42pm
Nothing out of the ordinary news.....When you have rate hikes that are expected this is the normal reaction you get follow you charts not the fundamentals........
Let Price determine your future!
  • #10,327
  • Nov 30, 2009 9:42pm Nov 30, 2009 9:42pm
You guys spend entirely too much time playing the "why" game. I have a why for you...why are you even interested in the "why". Trade your chart.

Still holding the same shorts I was before lunch, but offloaded a few on the news spike down. As long as we stay below that blue dotted line from the last post I will be happy to remain shorts.

Baby, I'm just waiting for a trend.
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  • #10,328
  • Nov 30, 2009 9:42pm Nov 30, 2009 9:42pm
I took profit on shorts on the spike down, and re-enter short again here, this time I'm short against .9200 I have my Hedge (Pending Buy Stop Order) above .9200
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  • #10,329
  • Nov 30, 2009 9:43pm Nov 30, 2009 9:43pm
Quote

AUSTRALIA: From the RBA: "The Board's assessment of the outlook remains
much as in the November Statement on Monetary Policy. Growth in 2010 is
likely to be close to trend and inflation close to target."

So this means north. Any comments?
Price is what you pay. Value is what you get
  • #10,330
  • Nov 30, 2009 9:44pm Nov 30, 2009 9:44pm
Quoting T55
The interest rate was increased by 25 points. The RBA statement seemed pretty positive on the outlook for growth as well.

Wait for the dust to settle IMO.
I think most of that was priced in. Anyway with that out of the way and looking at Dubai again, I think we may see lower lows before the end of the week. By the way, how did you go Ben, I had simmilar strategy to yours but with the seesaw i landed up making about 10 pips per account...
Find a job that you love and you dont have to work again in your life.
  • #10,331
  • Nov 30, 2009 9:46pm Nov 30, 2009 9:46pm
Quoting Scalpin
Quote

AUSTRALIA: From the RBA: "The Board's assessment of the outlook remains
much as in the November Statement on Monetary Policy. Growth in 2010 is
likely to be close to trend and inflation close to target."

So this means north. Any comments?
I've got one, why does "this mean north".
  • #10,332
  • Nov 30, 2009 9:46pm Nov 30, 2009 9:46pm
Quoting TexasforEX
obvious clues that the chart is telling me that it is making a top and is ready to proceed lower.

Whatever the outcome I see a lower aud/usd. I expect a buy the rumor, sell the fact scenario if there is a hike. (This means that the swing high at 9320 will not get taken out) No hike will lead to the obvious outcome. Trade safe.

I can hear 95% of the traders screaming it should be going up!

I have no idea if this will rally or tank the rest of the day. Nobody does. This pair wants to go down. Charts are never wrong, only our understanding of them is.
"Timing Is Everything. Really I Swear It Is"
  • #10,333
  • Nov 30, 2009 9:47pm Nov 30, 2009 9:47pm
i remain idle at this point, i will be looking for a convincing break of my daily pivot before going short, or convincing break of 9229 before going long

cheers
NOTHING VENTURED, NOTHING GAINED
  • #10,334
  • Nov 30, 2009 9:47pm Nov 30, 2009 9:47pm
Quoting Geppyg
Nothing out of the ordinary news.....When you have rate hikes that are expected this is the normal reaction you get follow you charts not the fundamentals........
as we have been trying to say here since 12 hr ago
  • #10,335
  • Nov 30, 2009 9:51pm Nov 30, 2009 9:51pm
by the way i only trade h1 TF at this point, still learning to look for enrty signals on other TFs
NOTHING VENTURED, NOTHING GAINED
  • #10,336
  • Nov 30, 2009 9:53pm Nov 30, 2009 9:53pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting G_Man
its pretty simple ...

if the rate stays i will go short ...

if the rate raise by 25 i will go short ...

if the rate raise by 50 i will go long ...

currently i am long ...
i will be holding my long until 9190 and possibly at 9240 i will go short ...
  • #10,337
  • Nov 30, 2009 9:54pm Nov 30, 2009 9:54pm
Quoting TexasforEX
I can hear 95% of the traders screaming it should be going up!

I have no idea if this will rally or tank the rest of the day. Nobody does. This pair wants to go down. Charts are never wrong, only our understanding of them is.
sorry TexasforEX , to add to your comment again, but it seems our friends here dont look at daily chart, so I just provided here to point out the broken trend line and re-testing it as the right moment
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  • #10,338
  • Nov 30, 2009 9:54pm Nov 30, 2009 9:54pm
I am holdingthe long until .9200 then downward hoo
  • #10,339
  • Nov 30, 2009 9:55pm Nov 30, 2009 9:55pm
Quoting sinner-
I've got one, why does "this mean north".
My way of thinking is that the big players want to invest their money here as our rates offer the best return.
Why invest in USD at 0.025% when AUD is 3.75%
I know the picture is much bigger than this and I have alot to learn.
This is what I'm trying to do!
IMHO the long term trend is up, so that is the direction I trade.
Price is what you pay. Value is what you get
  • #10,340
  • Nov 30, 2009 9:57pm Nov 30, 2009 9:57pm
they go down and then up again .. all the big boys play really .. they are not playing fair do they ?
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