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AUD/USD

  • #46,581
  • Jun 7, 2012 6:52pm Jun 7, 2012 6:52pm
Quoting Rosco_P
Bernake's statements made have played a part, but I think their were alot of other factors as well. Firstly, China unexpectely cut interest rates which says they are concerned about growth and with China being the Aussies biggest trading partner that had to have an impact. Moreover, the BPS cut of .75 over the last two meetings, I don't believe was fully priced in and big money understands that it simply not worth what it once was and was looking for a place to sell from .9733 from Sunday. Even with the good fundamental numbers coming out this week...
You could very well be right, that was a pretty good sell off. I was thinking it might go up to 1.00050 because it seemed like a historical level of S/R, but momentum definitely lost out at parity. I have a very tight stop on my long and may be looking to short. I am curious to see what price does at this current level 9915.
Shapeshift greed and catch em' off guard
  • #46,582
  • Jun 7, 2012 6:52pm Jun 7, 2012 6:52pm

RBA's Governor Glenn Stevens Speech in 3h 30m

  • #46,583
  • Jun 7, 2012 7:39pm Jun 7, 2012 7:39pm
So what do you guys think? Will the trend go back down now, or can we still expect some Up movement. I'm asking because I have several long positions and notsure whether cut my losses or just wait for it to go back up...
  • #46,584
  • Jun 7, 2012 7:40pm Jun 7, 2012 7:40pm
Quoting DaddyBear
Are you a brain dead monkey or an intelligent sapient?
Show me your morning star because it does not exist
  • #46,585
  • Jun 7, 2012 7:41pm Jun 7, 2012 7:41pm
Quoting NYForexer
So what do you guys think? Will the trend go back down now, or can we still expect some Up movement. I'm asking because I have several long positions and notsure whether cut my losses or just wait for it to go back up...
You could pray and hope
  • #46,586
  • Jun 7, 2012 7:46pm Jun 7, 2012 7:46pm
Man, I must have an unconscious aversion to catching the moves. I just went to fix a sandwich right before this move and missed it. Went to sleep late last night right before the up move to parity. Psychology seems to be the key to success in this business, and skill just the framework.
Shapeshift greed and catch em' off guard
  • #46,587
  • Jun 7, 2012 7:50pm Jun 7, 2012 7:50pm
Quoting Czaray
Man, I must have an unconscious aversion to catching the moves. I just went to fix a sandwich right before this move and missed it. k.
Great indicator. Tell us next time you're hungry. Thanks
  • #46,588
  • Jun 7, 2012 8:05pm Jun 7, 2012 8:05pm
support broken.

next support 0.9810?
  • #46,589
  • Jun 7, 2012 8:11pm Jun 7, 2012 8:11pm
Would be interesting to see the reaction of aussie on trade balance. I suppose it should be better than expected but this fall indicates otherwise.
  • #46,590
  • Jun 7, 2012 8:13pm Jun 7, 2012 8:13pm
Quoting jayjb
Show me your morning star because it does not exist
If fact, there is nothing wrong with your definition of Morning Star. It can be found in a lot of candlestick books.

My understanding of Morning Star is that it is in and of itself a confirmation when it is formed at certain locations.
daddybearforex. com
  • #46,591
  • Jun 7, 2012 8:21pm Jun 7, 2012 8:21pm
Quoting DaddyBear
If fact, there is nothing wrong with your definition of Morning Star. It can be found in a lot of candlestick books.

My understanding of Morning Star is that it is in and of itself a confirmation when it is formed at certain locations.
That is just price action about a support or resistance. You watch how price behave, look at M15, M30, H1 and possibly H4 close around it.

But it was a good bull call, I had only saw it when we failed to break NFP's close on monday, I prefer more solid reasons to enter and not feeling that a certain pattern would form, never good to pre-empt the market
  • #46,592
  • Jun 7, 2012 8:23pm Jun 7, 2012 8:23pm
Quoting mpakii
Would be interesting to see the reaction of aussie on trade balance. I suppose it should be better than expected but this fall indicates otherwise.
its not much of a weak AUD its more of a strong USD, USD is gaining against most majors, data could possibly tilt the AUD up against the USD
  • #46,593
  • Jun 7, 2012 8:32pm Jun 7, 2012 8:32pm
i guess everyone is waiting for mr stevens to speak
Trade what you see not what you hope
  • #46,594
  • Jun 7, 2012 8:35pm Jun 7, 2012 8:35pm
no effect
Sometimes it's better to be wrong,to learn..
  • #46,595
  • Jun 7, 2012 8:37pm Jun 7, 2012 8:37pm
1200 ish pipettes (o)_-

but only locked a few, all good if it takes it im happy with my stop :-)
  • #46,596
  • Jun 7, 2012 8:52pm Jun 7, 2012 8:52pm
if it is not going back in correction channel.. then we would see a fall across risky assets today
  • #46,597
  • Jun 7, 2012 9:41pm Jun 7, 2012 9:41pm
what did the guy say
  • #46,598
  • Jun 7, 2012 9:41pm Jun 7, 2012 9:41pm
  •  KADC
  • Joined Apr 2012 | Status: Be unreasonable. | 897 Posts | Online Now
How far should we expect the Aussie to have fallen when the markets reopen assuming the Chinese data is as bad as expected?

http://www.reuters.com/article/2012/...85700Q20120608
You can always make money tomorrow provided you don't lose it today.
  • #46,599
  • Jun 7, 2012 9:47pm Jun 7, 2012 9:47pm
Ummmmm... the markets are open.
In the days of old when sailors were bold, and seldom if ever contented.
  • #46,600
  • Jun 7, 2012 9:48pm Jun 7, 2012 9:48pm
Quoting pt49
Ummmmm... the markets are open.
I think he means when the data comes out over the weekend when the market is closed... how would it look like after it re-opens.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
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