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AUD/USD

  • #43,481
  • Apr 30, 2012 3:32am Apr 30, 2012 3:32am
Quoting Iceage
The trend is still in favor of aud long. From time value point of view,forex trading is a commonly profitable business.
Would you like to explain what you mean here?
Cheers, Harry The hardest way to make easy money.
  • #43,482
  • Edited 4:31am Apr 30, 2012 4:07am | Edited 4:31am
Quoting HarryJ
Would you like to explain what you mean here?
I missed out some words there.Take an example,I started collecting long positions since last month,maybe I have to wait for several more months to take profit.If it hit my stop loss in the end,I have to look for another chance again.

So business wins 50% of profit at one time in half a year makes little difference with one wins 10% every month.

Personally,the most important thing in fx trading is financial independence but far from making huge fortune.
  • #43,483
  • Apr 30, 2012 4:12am Apr 30, 2012 4:12am
Quoting Iceage
I missed out some words there.Take an example,I started collecting long positions since last month,maybe I have to wait for several more months to take profit.If it hit my stop loss in the end,I have to look for another chance again.

So business wins 50% of profit at one time in half a year makes little difference with one wins 10% every month.

Personally,the most important thing in fx trading is the freedom in finance but far from making huge fortune.
Ehhh OK mate, I think what you need is a course in English!
Expect the unexpected.
  • #43,484
  • Apr 30, 2012 4:16am Apr 30, 2012 4:16am
Quoting Iceage
I missed out some words there.Take an example,I started collecting long positions since last month,maybe I have to wait for several more months to take profit.If it hit my stop loss in the end,I have to look for another chance again.

So business wins 50% of profit at one time in half a year makes little difference with one wins 10% every month.

Personally,the most important thing in fx trading is the freedom in finance but far from making huge fortune.
Thanks for that. Still not sure what you meant but that is fine. I will keep looking for winners.
Cheers, Harry The hardest way to make easy money.
  • #43,485
  • Apr 30, 2012 4:26am Apr 30, 2012 4:26am
Quoting fx-rocket
Ehhh OK mate, I think what you need is a course in English!
yeah,that is the main reason I am here.
  • #43,486
  • Apr 30, 2012 4:28am Apr 30, 2012 4:28am
added small long position at 1.0440 tp 1.048
  • #43,487
  • Apr 30, 2012 4:36am Apr 30, 2012 4:36am
I would not be surprised to see price back
at 1.0250 before this week is over...
Expect the unexpected.
  • #43,488
  • Apr 30, 2012 4:44am Apr 30, 2012 4:44am
hey anybody? some pro is telling me that if aud rate, gets cut at the expected .25%, the aud is going to rally again? i dont get it
  • #43,489
  • Apr 30, 2012 4:45am Apr 30, 2012 4:45am
Quoting fx-rocket
Ehhh OK mate, I think what you need is a course in English!
rocket is a meanie hahaha
  • #43,490
  • Apr 30, 2012 4:47am Apr 30, 2012 4:47am
Quoting Noobicle
hey anybody? some pro is telling me that if aud rate, gets cut at the expected .25%, the aud is going to rally again? i dont get it
its plausible, if market really priced in the 25bps cut.
4% interest is still comparatively high and attractive

read somewhere a 100bps cut was already expected this year
  • #43,491
  • Apr 30, 2012 4:52am Apr 30, 2012 4:52am
Quoting vanienin
its plausible, if market really priced in the 25bps cut.
4% interest is still comparatively high and attractive

read somewhere a 100bps cut was already expected this year
wow 100 that will be nice
  • #43,492
  • Apr 30, 2012 4:56am Apr 30, 2012 4:56am
Quoting Noobicle
hey anybody? some pro is telling me that if aud rate, gets cut at the expected .25%, the aud is going to rally again? i dont get it
There is no "Pro" and nobody has a crystal ball.
There will always be bulls and bears at any point in time and let's face it,
-that's why price moves.
No one knows what price will do, if the RBA cuts the expected .25%.
People will argue that .25% is "priced in" but in reality, -always expect the unexpected! Forex is so unpredictable when it comes to major news and reserve bank statements are, as you know, what drives this market the most.
Expect the unexpected.
  • #43,493
  • Apr 30, 2012 5:07am Apr 30, 2012 5:07am
Quoting fx-rocket
There is no "Pro" and nobody has a crystal ball.
There will always be bulls and bears at any point in time and let's face it,
-that's why price moves.
No one knows what price will do, if the RBA cuts the expected .25%.
People will argue that .25% is "priced in" but in reality, -always expect the unexpected! Forex is so unpredictable when it comes to major news and reserve bank statements are, as you know, what drives this market the most.
yeah can see them now arguing over if it was priced in or not,

appreciate it rocket ^_^
  • #43,494
  • Apr 30, 2012 7:18am Apr 30, 2012 7:18am
Quoting Noobicle
hehe thats funny, good luck with your plan mr forget chart if chart works
English is my second language. Maybe I used wrong words to show my meaning.
  • #43,495
  • Apr 30, 2012 7:26am Apr 30, 2012 7:26am
Quoting randyshan
English is my second language. Maybe I used wrong words to show my meaning.
i wasnt complaining @ your language i think that was rocket .....

heres another angle on usd....

http://theeconomiccollapseblog.com/a...nce-in-america

they guna be some really angry pissed of people soon
  • #43,496
  • Apr 30, 2012 7:29am Apr 30, 2012 7:29am
friends when expected AUD touch the bottom? I am new, need your advise,
  • #43,497
  • Apr 30, 2012 8:04am Apr 30, 2012 8:04am
Since the .25% rate cut is already priced in, the danger would be if no rate cut takes place. The easier bet may be to go LONG. Since if the rate cut does happen, people are going to say it is already priced in and aud won't drop. If the rates remain the same then AUD will shoot up past 1.047.

The only chance for the bears to win this is if the rate cut is 0.50%.
  • #43,498
  • Apr 30, 2012 8:23am Apr 30, 2012 8:23am
Quoting ahmad37
friends when expected AUD touch the bottom? I am new, need your advise,
When it reaches the bottom I'll let you know...
  • #43,499
  • Apr 30, 2012 8:29am Apr 30, 2012 8:29am
  •  1dolR
  • | Joined Mar 2012 | Status: Newbie - Learning the art of tradin | 4 Posts
Quoting MitchL
I don't really see it breaking out of the channel in that chart ?

I think your channel is a touch low based on the 2 previous highs ?

Feedback from other traders please ?

I am quite curious how other poeple see that channel chart
sorry for the newbie question, what type of software/broker are you using that can produce this type of graph?
  • #43,500
  • Apr 30, 2012 8:31am Apr 30, 2012 8:31am
Quoting fx-rocket
There is no "Pro" and nobody has a crystal ball.
There will always be bulls and bears at any point in time and let's face it,
-that's why price moves.
No one knows what price will do, if the RBA cuts the expected .25%.
People will argue that .25% is "priced in" but in reality, -always expect the unexpected! Forex is so unpredictable when it comes to major news and reserve bank statements are, as you know, what drives this market the most.

It's just a guess tho, but i think at 1.04 rba rate cut wasn't priced in. If it does get any higher to at least 1.05 defnitely worth selling if you are gambling for a rate cut. But then again, at 1.04 is QE3 priced in ?

so many questions but most answers are guesses.
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