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AUD/USD

  • #46,541
  • Jun 7, 2012 6:54am Jun 7, 2012 6:54am
I must be missing something here...the Chinese cut rates to encourage lending, but who are the borrowers? If I'm a manufacturer y am I gonna borrow to grow my business to produce more, when personal consumption in the west is at it's lows...if I'm in construction, why build roads n buildings which no one is using/buying/selling...empty unaffordable property and empty roads are not gonna help...to sell services n products china requires global growth...this doesn't solve anything...
  • #46,542
  • Jun 7, 2012 7:00am Jun 7, 2012 7:00am
Quoting monkey@forex
I must be missing something here...the Chinese cut rates to encourage lending, but who are the borrowers? If I'm a manufacturer y am I gonna borrow to grow my business to produce more, when personal consumption in the west is at it's lows...if I'm in construction, why build roads n buildings which no one is using/buying/selling...empty unaffordable property and empty roads are not gonna help...to sell services n products china requires global growth...this doesn't solve anything...
You have hit the nail on the head my frend!
  • #46,543
  • Jun 7, 2012 7:00am Jun 7, 2012 7:00am
Quoting monkey@forex
I must be missing something here...the Chinese cut rates to encourage lending, but who are the borrowers? If I'm a manufacturer y am I gonna borrow to grow my business to produce more, when personal consumption in the west is at it's lows...if I'm in construction, why build roads n buildings which no one is using/buying/selling...empty unaffordable property and empty roads are not gonna help...to sell services n products china requires global growth...this doesn't solve anything...
You are trying to think like an economist. People act only for personal gain. If money is cheap, businesses will borrow expecting to make gains for themselves. They do not think about the macro effect, only the micro effect.
Cheers, Harry The hardest way to make easy money.
  • #46,544
  • Jun 7, 2012 7:13am Jun 7, 2012 7:13am
Quoting monkey@forex
I must be missing something here...the Chinese cut rates to encourage lending, but who are the borrowers? If I'm a manufacturer y am I gonna borrow to grow my business to produce more, when personal consumption in the west is at it's lows...if I'm in construction, why build roads n buildings which no one is using/buying/selling...empty unaffordable property and empty roads are not gonna help...to sell services n products china requires global growth...this doesn't solve anything...
Youve thought two steps ahead, quite often forex only reacts to the first step.

That is, cheaper lending = more people will lend. I completely agree with what you say however.
  • #46,545
  • Jun 7, 2012 7:14am Jun 7, 2012 7:14am
_



http://imgs.su/tmp/2012-06-07/1339071184-575.jpg




___

aud / cad w1

sell stop
1.0120

stop
1.0350

tp
0.9200



__
  • #46,546
  • Jun 7, 2012 8:53am Jun 7, 2012 8:53am
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 19 KB
  • #46,547
  • Jun 7, 2012 8:58am Jun 7, 2012 8:58am
Quoting Daytrader74
Which broker has oil in mt4, also what was the link to your myfxbook?
  • #46,548
  • Jun 7, 2012 9:00am Jun 7, 2012 9:00am
where to from here? - i sold it, - following a trader who didnt lose yet - sl 1.0065 ,
ypu think its going down next 24hrs?
  • #46,549
  • Jun 7, 2012 9:08am Jun 7, 2012 9:08am
sell 10003 sl 15

Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 21 KB
  • #46,550
  • Jun 7, 2012 9:20am Jun 7, 2012 9:20am
Where are you guys watching Ben?
  • #46,551
  • Jun 7, 2012 9:23am Jun 7, 2012 9:23am
The dollar has downward pressure for reasons that it is still overbought due to the cooling of a risk-aversion trend and the need for export growth in U.S economy. Further QE3 (whether it comes or not) on the horizon as a viable stimulant on top of that.

We got mitigated growth in China with tons of cushion (capital markets are still very deep) along with a recent rate cut. We got the AUD still leveraged to the Asian growth story along with: high interest rate differential, better than expected GDP growth rate and employment growth data.

On a forward looking basis, the reasons for super shorting from parity on the AUD is just confusing.
  • #46,552
  • Jun 7, 2012 9:37am Jun 7, 2012 9:37am
Quoting HotBiscuits
Where are you guys watching Ben?
Who's Ben?
  • #46,553
  • Jun 7, 2012 9:40am Jun 7, 2012 9:40am
Quoting HotBiscuits
Where are you guys watching Ben?
http://www.c-span.org/Live-Video/C-SPAN3/
  • #46,554
  • Jun 7, 2012 9:41am Jun 7, 2012 9:41am
Quoting Daytrader74
Who's Ben?
Fed Chairman is testifying before congress...........
  • #46,555
  • Jun 7, 2012 9:42am Jun 7, 2012 9:42am
these 2 days, brain dead monkeys would probably have made 100 to 200 pips easily by clicking buy and earn enough for peanuts and bananas while intelligent sapiens sit on their hands and lose 10% in 2 trades, effectively losing almost 90% of profits from the beginning of time

  • #46,556
  • Jun 7, 2012 9:53am Jun 7, 2012 9:53am
Quoting jayjb
these 2 days, brain dead monkeys would probably have made 100 to 200 pips easily by clicking buy and earn enough for peanuts and bananas while intelligent sapiens sit on their hands and lose 10% in 2 trades, effectively losing almost 90% of profits from the beginning of time

  • #46,557
  • Jun 7, 2012 9:55am Jun 7, 2012 9:55am
Quoting jayjb
these 2 days, brain dead monkeys would probably have made 100 to 200 pips easily by clicking buy and earn enough for peanuts and bananas while intelligent sapiens sit on their hands and lose 10% in 2 trades, effectively losing almost 90% of profits from the beginning of time

how do you figure that the last two days' upside move was not an "intelligent" move, given the higher-than-expectations gdp, employment numbers, and the china rate cut?

and if we're speaking purely technical...the one-month downside move through may that had to have a retracement at some point? and for someone so focused on PA, there are TWO clear pinbars (at least on my chart)?
  • #46,558
  • Jun 7, 2012 9:57am Jun 7, 2012 9:57am
Quoting BergenGlobal
how do you figure that the last two days' upside move was not an "intelligent" move, given the higher-than-expectations gdp, employment numbers, and the china rate cut?

and if we're speaking purely technical...the one-month downside move through may that had to have a retracement at some point? and for someone so focused on PA, there are TWO clear pinbars (at least on my chart)?
please, i am only quoting from a post i saw 2 days back when i entered a long from 0.9650..

seems like dumb people make more money than smart people, no wonder people often say "my boss is a dumb as*"
  • #46,559
  • Jun 7, 2012 9:58am Jun 7, 2012 9:58am
let's see if we have the strength to close beyond 30
  • #46,560
  • Jun 7, 2012 9:58am Jun 7, 2012 9:58am
good going - why long? aud was expected to go down, wasnt it?
i was short ... oops
guess i should follow the trend only ,
can u recommend a site, or info service - for up to date - trend on currencies?

thanks in advance
VB
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