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AUD/USD

  • #40,041
  • Feb 7, 2012 12:42am Feb 7, 2012 12:42am
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.

Nah man, You lost 30 pips and 25 of it was slippage I believe. If you set your SL with 10pip profit your trade would more than likely end up 15pips in the red.
Enter Signature
  • #40,042
  • Feb 7, 2012 1:35am Feb 7, 2012 1:35am
Quoting stulic
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.

Bollinger bands say what's overbought... (though I agree with your msg)
Use me as a contrarian indicator
  • #40,043
  • Feb 7, 2012 1:38am Feb 7, 2012 1:38am
Russian Children Health Found sell position on 1.075 AUD/USD
  • #40,044
  • Feb 7, 2012 1:39am Feb 7, 2012 1:39am
Quoting AlbertR
Russian Children Health Found sell position on 1.075 AUD/USD
Russian children health...???
  • #40,045
  • Feb 7, 2012 1:55am Feb 7, 2012 1:55am
Poor kids
Don't get mad, get even!
  • #40,046
  • Feb 7, 2012 1:58am Feb 7, 2012 1:58am
Quoting HotBiscuits
Russian children health...???
Sorry for my English. Yes. Children's Health Fund. I do not know the size of fund. I know that the fund is regularly funded hospital with seriously ill children.
  • #40,047
  • Feb 7, 2012 3:08am Feb 7, 2012 3:08am
Quoting AlbertR
Sorry for my English. Yes. Children's Health Fund. I do not know the size of fund. I know that the fund is regularly funded hospital with seriously ill children.
That is just all kinds of wrong. The Children's Health Fund is shorting AUD/USD at 1.0750? Shorting AUD/USD is probably the worst move anyone can make for the past year in the forex mkt. The interest rollover can destroy live accounts alone.
  • #40,048
  • Feb 7, 2012 3:15am Feb 7, 2012 3:15am
Quoting Amanda2
That is just all kinds of wrong. The Children's Health Fund is shorting AUD/USD at 1.0750? Shorting AUD/USD is probably the worst move anyone can make for the past year in the forex mkt. The interest rollover can destroy live accounts alone.
the past doesnt determine the future.

edit: oh and, some of us have shorted at levels around 1.05 or even 1.10 in the past year for healthy gains
  • #40,049
  • Feb 7, 2012 3:22am Feb 7, 2012 3:22am
I disagree with people who said aud is too high now, RBA doesnt seem to want to LOWER rates at all while the usd seems indignant on its zero rate policy (obviously ELECTION ploy). Well good luck to Australian exporters, it's better for them to import now.
  • #40,050
  • Feb 7, 2012 3:27am Feb 7, 2012 3:27am
Quoting Amanda2
That is just all kinds of wrong. The Children's Health Fund is shorting AUD/USD at 1.0750? Shorting AUD/USD is probably the worst move anyone can make for the past year in the forex mkt. The interest rollover can destroy live accounts alone.
Obviously , you dont really understand that some events can move AUD to parity in 1 hour, it's precisely why carry trade currencies are seen as more risky, but IF THERE IS no EURO CRISIS, or they can contain it well, and USA persist its zero rate policy, i think aud can go to 1.20 in a few years.

AND FYI , 1.08 is a strong resistance, please expect some retracements.
  • #40,051
  • Feb 7, 2012 3:45am Feb 7, 2012 3:45am
Quoting rnegoro

AND FYI , 1.08 is a strong resistance, please expect some retracements.
i second that part about the resistance. that outlandish NFP number last week + unpricing a rate cut today and we still cant get past 1.08. cant help but think hell will break loose if/when it eventually breaks
  • #40,052
  • Feb 7, 2012 3:48am Feb 7, 2012 3:48am
1.08 has been cracked, volume is very thin ATM awaiting results from Greece talks, any good news would target 1.0880 and then 1.10, bad news of course pose a risk to the downside.
Don't get mad, get even!
  • #40,053
  • Feb 7, 2012 3:54am Feb 7, 2012 3:54am
Quoting stulic
1.08 has been cracked, volume is very thin ATM awaiting results from Greece talks, any good news would target 1.0880 and then 1.10, bad news of course pose a risk to the downside.
When are results from the Greece talks due? Or no timeline per se...wait and see?
  • #40,054
  • Feb 7, 2012 4:11am Feb 7, 2012 4:11am
The price jump earlier today excites me. My target for AU this week is +160 pips. Let's see how much will manifest. Good luck for me & for all
The tone of your words reflects the quality and result of your trading ;-)
  • #40,055
  • Feb 7, 2012 4:31am Feb 7, 2012 4:31am
Quoting ibotman
When are results from the Greece talks due? Or no timeline per se...wait and see?
No timeline, it's an ongoing process... market might react to rumours and random statements so could really go either way.
Don't get mad, get even!
  • #40,056
  • Feb 7, 2012 4:45am Feb 7, 2012 4:45am
There's a white Elephant in the room and it is getting ready to make a massive deposit. Uh... if you know what I mean.

If not...then stand by. It will become quite obvious.
It's the simple things in life that have the most powerful meaning.
  • #40,057
  • Feb 7, 2012 5:23am Feb 7, 2012 5:23am
Quoting Alki
If Aussie comes back to 1.0670 - 1.0710 zone then we could see 1.0870.
PRZ was touched at its highest level, and we were less 50 pips to 1.0870. Let's see if it will achieve this target (remains 90 pips from now). If so, we could normally see EUR/AUD to 1.0230 level.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #40,058
  • Feb 7, 2012 6:46am Feb 7, 2012 6:46am
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?
Trade closed 70 pips won. New signals to go again to 1.2200 level before going down. I'll see if correct or not.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #40,059
  • Feb 7, 2012 7:10am Feb 7, 2012 7:10am
All these greek talks may be the red herring, but it may be the clincher for an AUD selling craze if Greece does default.

http://www.cnbc.com/id/46291061

Workers are not keen on austerity, but EU wants austerity to drop them the money, so we have 3 scenarios here :

1) Greece default,

2) EU wins and austerity bites but Greece will continue to tether with default woes

3) A partial deal, where a little bit of austerity bites and a little of EU demands get cancelled

I like no. 2 and 3, 1 would be a disaster.
  • #40,060
  • Feb 7, 2012 7:44am Feb 7, 2012 7:44am
Quoting Alki
Trade closed 70 pips won. New signals to go again to 1.2200 level before going down. I'll see if correct or not.
1.2200 touched. My calculation was correct. Let's see what will happen after.
Little luck is forex water. Learn all Trading strategies, then forget them.
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