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AUD/USD

  • #40,021
  • Feb 6, 2012 10:19pm Feb 6, 2012 10:19pm
AUD/USD @ 1.0780

RBA puts rates on hold and quite rightly so.
Only a few bank economists trying to spur cheaper funding (no doubt from their management) using media called this lower and paid the price.

We have had a crack at 1.08 which was met with sellers.More than likely averagers as the market was short.

Personally I think we are heading to assault 1.10 again as there is no reason to sell (YET)

EUR/AUD and GBP/AUD have broken major supports again. Given the price action the market isnt short these crosses either.

Good luck
  • #40,022
  • Feb 6, 2012 10:25pm Feb 6, 2012 10:25pm
$AUDUSD: Foolish central bank decision that ultimately will come back to bite Australia economy. RBA should have moved to cut in my opinion. - joel kruger.. huhuh..
Risk comes from not knowing what you're doing.
  • #40,023
  • Feb 6, 2012 10:28pm Feb 6, 2012 10:28pm
Quoting lasty

EUR/AUD and GBP/AUD have broken major supports again. Given the price action the market isnt short these crosses either.
I believe this will change today especially with the Sterling which is set to come under massive pressure before QE3 announcement by BOE on Thursday...
Don't get mad, get even!
  • #40,024
  • Feb 6, 2012 10:45pm Feb 6, 2012 10:45pm
Bulls are so strong on this pair, period
  • #40,025
  • Feb 6, 2012 10:46pm Feb 6, 2012 10:46pm
Quoting rasula
jus got robbed looool..... fuck hate it wen its against me... bitch i thot it was head downnnnnnn jus to gt suprised i can talk now after blowin ma account 4500usd yes sir i went in full throtle aand was actually up 700usd but wanted more this is wat u gt account blown.... lol...
Who told you to get short? I sure didn't!!! if you had been here to read my posts you would have been OK but noooooooo you ppl still keep shorting the WORST SHORT in all of FX.
  • #40,026
  • Feb 6, 2012 10:51pm Feb 6, 2012 10:51pm
News trading...

Read here http://www.forexlive.com/blog/2012/0...-get-involved/

Im a strong believer of never having a position over any major economic data release if you are price sensitive.

The more "outside influences" you eliminate from your trading the more chances of your profits will grow
  • #40,027
  • Feb 6, 2012 11:07pm Feb 6, 2012 11:07pm
Quoting Fizie
$AUDUSD: Foolish central bank decision that ultimately will come back to bite Australia economy. RBA should have moved to cut in my opinion. - joel kruger.. huhuh..
Who cares what his opinion is ? He's just upset he made the wrong call.

Stupid dailyfx and their analysts always make the wrong bear call re aud.
  • #40,028
  • Feb 6, 2012 11:08pm Feb 6, 2012 11:08pm
Quoting forexmy
Who cares what his opinion is ? He's just upset he made the wrong call.

Stupid dailyfx and their analysts always make the wrong bear call re aud.
i believe their only reason for existence is to lead the sheep into making horrible bets on fxcm, the company that runs and pays these "analysts"
  • #40,029
  • Feb 6, 2012 11:09pm Feb 6, 2012 11:09pm
Quoting forexmy
Who cares what his opinion is ? He's just upset he made the wrong call.

Stupid dailyfx and their analysts always make the wrong bear call re aud.
Oh it was from DailyFX,

I thought it was his opinion.

Classic!
Don't get mad, get even!
  • #40,030
  • Feb 6, 2012 11:11pm Feb 6, 2012 11:11pm
Quoting mohan76
may be NAB confident there is no rate cut



i will not trade now
nice, wish i read this before :l sl dead...
  • #40,031
  • Feb 6, 2012 11:17pm Feb 6, 2012 11:17pm
27 hrs ago...

Quoting stulic
Coming rate cut not so certain anymore:

http://www.smh.com.au/business/job-a...206-1r0nf.html

...ANZ says it does not expect an interest rate cut at the Reserve Bank of Australia's (RBA) February board meeting tomorrow but does expect one at the March meeting.

Read more: http://www.news.com.au/business/more...#ixzz1lYyQ3zkt
Don't get mad, get even!
  • #40,032
  • Feb 6, 2012 11:30pm Feb 6, 2012 11:30pm
Quoting Mobstriker
Well i'm pissed.

Was well into profit placed stop loss at 5 pips loss total....then it jumped my stoploss loosing 30 pips...whats the point of a stop loss if it doesnt work...I'm sure if it was a stop profit it wouldnt jump them.

Its called slippage dude. You always get that when it's a news event thats high impact. Such huge volumes that you have to wait in cue. The server just can't fill your order fast enough. It would of happend either way. Chalk that one up as experience and move onto the next trade mate ;-)
Enter Signature
  • #40,033
  • Feb 7, 2012 12:09am Feb 7, 2012 12:09am
aud/usd is way way over valued at 1.08

it has only 4% interest rate differential, yet is way above fair value

how long will it last at these levels
  • #40,034
  • Feb 7, 2012 12:20am Feb 7, 2012 12:20am
Just another day on FF

http://puu.sh/g0BI
  • #40,035
  • Feb 7, 2012 12:22am Feb 7, 2012 12:22am
Quoting Halba
aud/usd is way way over valued at 1.08

it has only 4% interest rate differential, yet is way above fair value

how long will it last at these levels
When are people going to stop talking about this overvalued and overbought crap? At 1.10? 1.20? 1.30? Never?

How do you define "fair value" anyway and what would be the fair value of Japanese Yen or Swiss Francs?

As long as demand is larger then supply, it will keep going up, turn it upside down and it'll go down.

When? I don't think anobody knows.
Don't get mad, get even!
  • #40,036
  • Feb 7, 2012 12:27am Feb 7, 2012 12:27am
Quoting HotBiscuits
Just another day on FF

http://puu.sh/g0BI
This cartoon demo. is awsome man.. i really like it...
  • #40,037
  • Feb 7, 2012 12:29am Feb 7, 2012 12:29am
Quoting ChipsnPips
Its called slippage dude. You always get that when it's a news event thats high impact. Such huge volumes that you have to wait in cue. The server just can't fill your order fast enough. It would of happend either way. Chalk that one up as experience and move onto the next trade mate ;-)
Yeah another lesson learnt...I am only operating with a small account so its not a real big deal...its just interesting how slippage always seem to work against me.....would I have received positive slippage if I was on the other end..I doubt it.?

I have a lot to learn.
  • #40,038
  • Feb 7, 2012 12:34am Feb 7, 2012 12:34am
Quoting Mobstriker
Yeah another lesson learnt...I am only operating with a small account so its not a real big deal...its just interesting how slippage always seem to work against me.....would I have received positive slippage if I was on the other end..I doubt it.?

I have a lot to learn.
Positive slippage... forget it man... it never happens..... If slippage occurs then it's only in case of SL's ...
  • #40,039
  • Feb 7, 2012 12:35am Feb 7, 2012 12:35am
Quoting Mobstriker
Yeah another lesson learnt...I am only operating with a small account so its not a real big deal...its just interesting how slippage always seem to work against me.....would I have received positive slippage if I was on the other end..I doubt it.?

I have a lot to learn.
Highly broker dependant. Slippage is a technical issue, with reasonable brokers it can be in your favour too.
Don't get mad, get even!
  • #40,040
  • Feb 7, 2012 12:37am Feb 7, 2012 12:37am
Quoting Alki
Short EUR/AUD 1.2234. SL 1.2284 (50 pips). TP 1.2030 (200 pips).

If this trade will not be ok, i think i will take a good holliday, seen all my analysis are almost correct, except when i took a trade .

Gann himself mention that a trader also has a cycle of winning and loosing trades. Is this my loosing cycle?

Looks like not yet holliday for me.

16 pips drawdown (without spread), far from one of my previous trade with 0.1 pip drawdown.

Until now 90 pips and remains 110 pips to target (frankly, i'm expecting 1.15 the end of the bear for EUR/AUD).

SL moved to BE + 5 pips only. I'll see if it will go to target or not (i'll not pyramid this this time).

See you later.
Little luck is forex water. Learn all Trading strategies, then forget them.
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