Rtrs-china sovereign wealth fund cic says reports that it may invest in spanish banks are "groundless"
Making an informed decision about the platform to go with 12 replies
AUDUSD Pattern 12 replies
25.000 AUDUSD position.. Value of roll over? 0 replies
AUDUSD 7 replies
Dislikedany news coming triggered AUD to turn south? Will it go up again and test 1.06? Thanks.Ignored
DislikedThis report might make you wary about going short in the buying frenzy on AUD although it's referring to AUDJPY it tends to drive the other AUD pairs including AUDUSD. Reckons around 100,000 Japanese housewives are trading the pair
http://english.ntdtv.com/ntdtv_en/ns...ousewives.htmlIgnored
DislikedWell, it's Wend., triple intrest day. These are the times that try shorts souls. I may close on any weakness, dodge the intrest charge, and re-short at a higher level. Tricky, I know. I just hate getting into long mult-day/multi-week short postions on this pair. The swap is a killer. Good trades to all.
Regards,Ignored
DislikedI went long the USD cross rather than the JPY cross because I pay less interest in USD than JPY. Granted, it's only .033% but that adds up when you're trading a decent number of lots. I figure I'm getting ~3.7% on the carry trade side of this long; at 10:1 leverage, that's ~37% interest per year.
That allows me to trade around a core position, buying the dips and selling the rips. But always holding a minimum of 6:1 ratio in a core position.Ignored
DislikedWell you've got the support of the Australian central bank on your trade They want this pair to blow its nut offIgnored
DislikedHi bro,
let not your heart be troubled. I came to this thread this week to be a blessing to everyone here. Please try to just follow my trade call even though it is with very very little money.
Truth be told, WE ARE DONE WITH AUDUSD FOR THIS WEEK this entry is ALL we needed to await all week long and we just made it! Now is the time to relax and watch your trade journey towards the TP we set.
Happy trading!
Meshach.Ignored
DislikedA lot of carry trades in this pair with any excuse to hold on ... All we need is a reason for the long term, large account, carry traders to take profit and we can ride this one down to 1.02xx in a couple days easily. Just waiting with my trigger finger ready.
Wonder what China news will do tonight to the pair {yes even though some of their news was already leaked.}Ignored
DislikedThat was very poorly written and your chart doesn't show anything.
???? What does this mean? You're looking for 1.0698? You're looking for 1.0598? What? ??????
What are you expecting to trigger profit taking? The leaked Chinese data ain't gonna do it.Ignored
DislikedPetra, I just called my broker, InteractiveBrokers, and I was told that interest doesn't start or end accruing until after settlement, which is T+2. I bought AUD on Monday and have not yet received any interest. If you had wanted to miss triple interest Wednesday, you needed to sell on Friday and reopen your short on Sunday or Monday.
I would imagine that triple interest Wed and T+2 for settlement are pretty universal.
You might want to check into it, as this would significantly alter your strategy (ie closing out negative carry shorts prior to...Ignored
Dislikedwhat was poorly written? I said 98, but it could go to 95.....(if I would have meant 1.0698 Ida wrote that) Hope this clarifies
Trigger....the top TL in my chart (very top) is from 1994....I bet we see a retrace before that breaches.....also....S&P is at a 78.6% retrace.....AU tracks with SPXIgnored