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AUD/USD

  • #45,221
  • May 23, 2012 11:00am May 23, 2012 11:00am
Quoting HotBiscuits
This is going to be a very, very attractive long soon. Im looking very forward to it! The huge positive swap is just sugar on the deal!
Good luck! Hope you have enough margin to survive the drawdown
  • #45,222
  • May 23, 2012 11:03am May 23, 2012 11:03am
Quoting ywong
Interesting that you mention volume in your analysis, because to me there is no one (or only the biggest players) know what actual volume for fx.
I actually trade with nth but only tick volumes. =)
Read the entire market, money is made on the main trend not the fluctuation
  • #45,223
  • May 23, 2012 11:04am May 23, 2012 11:04am
Quote
This is going to be a very, very attractive long soon. Im looking very forward to it! The huge positive swap is just sugar on the deal!

may i know your reason?
  • #45,224
  • May 23, 2012 11:10am May 23, 2012 11:10am
Quoting profxtrader
It's tick volume he's referring to. While not as accurate as actual volume each tick represents a transactions. More transactions = more ticks. More tick means more activity. Deciphering that activity is the hard part.
Some may think its hard, but once you have gone through the fundamentals, its not that difficult as you think once you know how the professional manipulate ( when opportunity was given ) the markets and how they eat up our average players money. When you know it, all you have to do is follow them =)~
Read the entire market, money is made on the main trend not the fluctuation
  • #45,225
  • May 23, 2012 11:14am May 23, 2012 11:14am
Quoting jayjb
Good luck! Hope you have enough margin to survive the drawdown
haha i dont mean anytime in the immediate future, but when we do eventually hit a bottom, AUS has some pretty solid fundamentals compared to the US. If we go anywhere near 0.93 Ill be locking in a long aud/usd and turning my computer off for a few weeks

Quoting wong
may i know your reason?
http://usdebtclock.org/
  • #45,226
  • May 23, 2012 11:30am May 23, 2012 11:30am
Quoting HotBiscuits
haha i dont mean anytime in the immediate future, but when we do eventually hit a bottom, AUS has some pretty solid fundamentals compared to the US. If we go anywhere near 0.93 Ill be locking in a long aud/usd and turning my computer off for a few weeks

http://usdebtclock.org/
Which news provider has been giving you feeds? Maybe it's time to change.

The only reason why AUD was so strong was due to the interest rate and their mining industry, they're highly dependent on other countries. They are mainly a exporting country. In a way you can say that their economy is pegged to their trading partner's.

Other than being the biggest country in the Oceania, they're pretty much a backward country, if you swap the european lineage for something else, say asian - you'll probably end up with something like Philippines rife with corruption and social unrest.
  • #45,227
  • May 23, 2012 11:47am May 23, 2012 11:47am
The only reason that backs AUD raise for the pass couple of years was a bull gold market, but it may be at the end.
  • #45,228
  • May 23, 2012 11:55am May 23, 2012 11:55am
Quoting HotBiscuits
This is going to be a very, very attractive long soon. Im looking very forward to it! The huge positive swap is just sugar on the deal!
Gotta love the volatility. I'm going to keep riding this thing down, until it gives me something strong on a daily chart and then I'll ride it back up.
Great situation right now for trend traders.
  • #45,229
  • May 23, 2012 11:57am May 23, 2012 11:57am
As an Australian Im pretty confident in saying that our society isnt filled with unrest, in fact, despite the absolute ridiculous political situation we are in people are as content as ever. Nor is corruption any more of an issue compared to any other first world country. You may want to check your news feed before you tell an Australian how Australians feel.

Thanks for the opinion though, 100% agree with the first paragraph of yours. I suspect our iron will be worth more to the Chinese then American debt. Our currency was so strong because of the interest rate? Sure, agreed, however It only dropped 50 bpts since its recent high of 1.08 so speaking as if its entirely a thing of the past is a bit of an overstep
  • #45,230
  • May 23, 2012 12:03pm May 23, 2012 12:03pm
wait for gold to go back up and the AUD/usd will probably follow. Just takes some more bad news from the US and it will happen.
  • #45,231
  • May 23, 2012 12:13pm May 23, 2012 12:13pm
Until we see a big move up for US equity market, I don't see AUD recovering any time soon.
  • #45,232
  • May 23, 2012 12:27pm May 23, 2012 12:27pm
Quoting HotBiscuits
As an Australian Im pretty confident in saying that our society isnt filled with unrest, in fact, despite the absolute ridiculous political situation we are in people are as content as ever. Nor is corruption any more of an issue compared to any other first world country. You may want to check your news feed before you tell an Australian how Australians feel.

Thanks for the opinion though, 100% agree with the first paragraph of yours. I suspect our iron will be worth more to the Chinese then American debt. Our currency was so strong because...
One of us is having a difficulty comprehending english.
  • #45,233
  • May 23, 2012 1:11pm May 23, 2012 1:11pm
JayJB I guess you live in johor?
Read the entire market, money is made on the main trend not the fluctuation
  • #45,234
  • May 23, 2012 2:09pm May 23, 2012 2:09pm
Quoting profxtrader
It's tick volume he's referring to. While not as accurate as actual volume each tick represents a transactions. More transactions = more ticks. More tick means more activity. Deciphering that activity is the hard part.
The tick volumes you refer to is limited to the volumes of your own broker only as far as I know. I have never used volumes in trading forex because its about as useless as every other indicator on our charts..
In the days of old when sailors were bold, and seldom if ever contented.
  • #45,235
  • May 23, 2012 4:55pm May 23, 2012 4:55pm
who got the master plans, daytrader where is this 9k pip trading system ?

let us ff guys get in on those trades please
  • #45,236
  • May 23, 2012 4:59pm May 23, 2012 4:59pm
Quoting Kofmaster
Some may think its hard, but once you have gone through the fundamentals, its not that difficult as you think once you know how the professional manipulate ( when opportunity was given ) the markets and how they eat up our average players money. When you know it, all you have to do is follow them =)~
It's simply not what I'm good at. I don't envy those of you who who use it as my methodology produces profits, but I respect anyone with any methodology that makes a living out of this market. As I always tell people, "If you're making money at it, you're definitely not doing it wrong!"
Every time you use 'hopium' in a post, God kills a kitten.
  • #45,237
  • May 23, 2012 5:07pm May 23, 2012 5:07pm
Quoting profxtrader
"If you're making money at it, you're definitely not doing it wrong!"
A truer statement was never made.
In the days of old when sailors were bold, and seldom if ever contented.
  • #45,238
  • May 23, 2012 5:46pm May 23, 2012 5:46pm
im going to my temple of learning guys again, see u on another name some time, going to try stay away from here for a few weeks see if i can improve

i think to much clashign opinions, to much egos in the way of what i should be really focusing on hehe

GL guys
  • #45,239
  • May 23, 2012 5:48pm May 23, 2012 5:48pm
Quoting Kofmaster
I actually trade with nth but only tick volumes. =)
Me too,only I need to follow a MA at the same time.Volume is the most important part for me.
  • #45,240
  • May 23, 2012 5:59pm May 23, 2012 5:59pm
Quoting Noobicle
im going to my temple of learning guys again, see u on another name some time, going to try stay away from here for a few weeks see if i can improve

i think to much clashign opinions, to much egos in the way of what i should be really focusing on hehe

GL guys
GL Noobicle,see you in a few weeks.
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