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  • #13,061
  • Jan 12, 2010 5:59am Jan 12, 2010 5:59am
Had a short from 0.9290 went out for a few hours just came back and Oh yeah baby that money tree shook so hard for me , another big win for Dady........did I say I love Forex ?
  • #13,062
  • Jan 12, 2010 5:59am Jan 12, 2010 5:59am
Quoting GoldenGold
Sorry to hear that man. I'm feeling the pain too. lol.
But be positive! If u can handle the swing, hang tight!
Had to dump half my pos. Avoid margin
walking around bout a grand lighter
assesing damage control now
Anyone wishing to sell wallstreet warriors season 3 please pm me
  • #13,063
  • Jan 12, 2010 5:59am Jan 12, 2010 5:59am
Quoting GoldenGold
It depends on how much equity you have in your account, and how much swing you can hold.

To me with the aud employment ann coming out it will be an upside for aud for the short term.
If you can handle the swing, there's a high possibility it can crawl back to 0.93 in no time.
thanks, just saw ur reply, i think im gona hold it for 1 or 2 more hrs, i almost dont use SL, always set a wrong point, but sometime it get me into big debt
  • #13,064
  • Jan 12, 2010 6:00am Jan 12, 2010 6:00am
Quoting GoldenGold
It depends on how much equity you have in your account, and how much swing you can hold.

To me with the aud employment ann coming out it will be an upside for aud for the short term.
If you can handle the swing, there's a high possibility it can crawl back to 0.93 in no time.
This is a typical FX market move when one day risk appetite is on the rise and very next day risk aversion takes place.

buy AUD on dips for a target of .9340.

If you ask any job seeker, he/she would tell you that the number of job have increased significantly.
  • #13,065
  • Jan 12, 2010 6:01am Jan 12, 2010 6:01am
Quoting BobbyBob
-25pips just then

Still don't have a full idea how the chinese rate rise affects commodities and hence AUD. would be great if someone can enlighten me.

Chinese interest rates++ = More expensive to run Chinese business

More expensive Chinese business = Less money to spend

Less money to spend = ......
  • #13,066
  • Jan 12, 2010 6:08am Jan 12, 2010 6:08am
Quoting BobbyBob
I'm out.. but not due to fear. But because of lack of understanding of the situation.

Technically it is a good oppurtunity to buy and yes fundermentally nothing has changed between AUD/USD.

But not taking a blind risk without knowing all the facts. Plenty more oppurtunities later.
what i heard from news is that becouse of the importantance of the trading relationship between china and australia, the act of china bank increase the reserve rate has decrease the probability of Australia RBA incrasing interest rate. that is why aud drop like a stone. but for now i havent heard a worse news then that yet. i dont even know it is true or not. sometime ppl just make up a reason. (sorry i cant explian very well, my english is very limit=])
  • #13,067
  • Jan 12, 2010 6:27am Jan 12, 2010 6:27am
Quoting Daytrader74
Had a short from 0.9290 went out for a few hours just came back and Oh yeah baby that money tree shook so hard for me , another big win for Dady........did I say I love Forex ?
Lol. bloody lucky!
We ain't that lucky today.
Are you long now?
  • #13,068
  • Jan 12, 2010 6:30am Jan 12, 2010 6:30am
Quoting GoldenGold
Lol. bloody lucky!
We ain't that lucky today.
Are you long now?
lol me so happy with that big fat money tree it rained for me tonight lol

TP @0.9225 and went long SL @0.9205 TP @0.9270
  • #13,069
  • Jan 12, 2010 6:35am Jan 12, 2010 6:35am
Quoting Daytrader74
lol me so happy with that big fat money tree it rained for me tonight lol

TP @0.9225 and went long SL @0.9205 TP @0.9270
rofl. 9270 only? U reckon it's not gonna touch 9300 before coming down?
  • #13,070
  • Jan 12, 2010 6:36am Jan 12, 2010 6:36am
Quoting GoldenGold
Did the Chinese Reserve Bank have a meeting?
How come the FF calendar never shows any Chinese event?
hey,, there r more news coming up, its says china bank put the news on its web, and that is how the news is release. they did had a meeting of course, but no one know when it is. in china u wont know what gov is really doing, they can do whatever they want.
  • #13,071
  • Jan 12, 2010 6:37am Jan 12, 2010 6:37am
Quoting GoldenGold
rofl. 9270 only? U reckon it's not gonna touch 9300 before coming down?
It may touch it may not I'll be happy with my TP target and then I can re-enter thats what I love about Forex there's so many opportunity's to enter
  • #13,072
  • Jan 12, 2010 6:42am Jan 12, 2010 6:42am
guys, i think tmr is a big day for AUD, china havnt do any explain on why increase the rate. the market is just guessing the affect not know really why. of course tmr china bank will have to explian this stupid act. if it good news then i think aud will go up like crazy but if its bad news then... at lease i dont really think its that bad
  • #13,073
  • Jan 12, 2010 6:50am Jan 12, 2010 6:50am
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
Long time visitor but only able to post from this year. Thanks to all for an interesting, informative and sometimes humourous thread.

Closed first short from 0.9316>0.9246 (TP1 + candle I didn't particularly like). Got stopped on my next long with the next bounce due to the China announcement. Now long @ 0.9228 with TP1 0.9320.

Ahh randomness... sometimes you win...sometimes you just make sure you can bat again.

My view, still in uptrend, AUD fundamentals still good and symmetrical triangle (on T/L) or right angle (via upper resistance @ 0.9322) signal potential continuation upwards. Although the AUD has had trouble breaking my R1 at 0.9322 so I'll take 1/2 there and move S/L to B/E.
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  • #13,074
  • Jan 12, 2010 7:00am Jan 12, 2010 7:00am
Quoting hellboy
hey,, there r more news coming up, its says china bank put the news on its web, and that is how the news is release. they did had a meeting of course, but no one know when it is. in china u wont know what gov is really doing, they can do whatever they want.
it's always been like that in china throughout history, everything is done behind closed doors, why do you think they got over population. They don't like sunlight. no disrespect to my chinese comrades.
  • #13,075
  • Jan 12, 2010 7:02am Jan 12, 2010 7:02am
Quoting Oz4x
Long time visitor but only able to post from this year. Thanks to all for an interesting, informative and sometimes humourous thread.

Closed first short from 0.9316>0.9246 (TP1 + candle I didn't particularly like). Got stopped on my next long with the next bounce due to the China announcement. Now long @ 0.9228 with TP1 0.9320.

Ahh randomness... sometimes you win...sometimes you just make sure you can bat again.

My view, still in uptrend, AUD fundamentals still good and symmetrical triangle (on T/L) or right angle (via upper resistance...
lol, welcome to post here! totally agree with ur view. the chinese news has very limit affect, Usd has fall back to before the news release level and EUR has go over 1.4500, i think AUD will catch up soon. we r safe from now, chinese gov is nearly go to sheep wont have any bad news
  • #13,076
  • Jan 12, 2010 7:03am Jan 12, 2010 7:03am
In my opinion it will test the 9200 before the market even reacts to the China rate issue.
  • #13,077
  • Jan 12, 2010 7:06am Jan 12, 2010 7:06am
Quoting kilalik
it's always been like that in china throughout history, everything is done behind closed doors, why do you think they got over population. They don't like sunlight. no disrespect to my chinese comrades.
lol i love china, i love chinese ppl, but i hate chinese gov! deep down my heart
  • #13,078
  • Jan 12, 2010 7:10am Jan 12, 2010 7:10am
Quoting hellboy
guys, i think tmr is a big day for AUD, china havnt do any explain on why increase the rate. the market is just guessing the affect not know really why. of course tmr china bank will have to explian this stupid act. if it good news then i think aud will go up like crazy but if its bad news then... at lease i dont really think its that bad
then at what time tommorow they will explain it?
  • #13,079
  • Jan 12, 2010 7:12am Jan 12, 2010 7:12am
  •  Oz4x
  • | Joined Oct 2009 | Status: "Everybody Wants Some!" - Roth | 76 Posts
Quoting hellboy
lol, welcome to post here! totally agree with ur view. the chinese news has very limit affect, Usd has fall back to before the news release level and EUR has go over 1.4500, i think AUD will catch up soon. we r safe from now, chinese gov is nearly go to sheep wont have any bad news
thanks hellboy

yeah not too optimistic on US news atm so although I don't trade news actively I think it may show the AUD economy in a good light by comparison.
  • #13,080
  • Jan 12, 2010 7:15am Jan 12, 2010 7:15am
Quoting yeri
then at what time tommorow they will explain it?
who knows, i guess it should be in the morning.
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