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AUD/USD

  • #47,041
  • Jun 13, 2012 10:39am Jun 13, 2012 10:39am
Quoting arcticpolar
people can definitely scalp 20 pips at this level. psychological level at 1.0000 it's not even a support or anything... kinda falling now, but not enough.

didn't think about this but will remember in the future.
It's so ridiculous people are so afraid of one number. And I agree, like you said, it's not even a support/resistance level.
Make your losses in demo. Earn your profits live.
  • #47,042
  • Jun 13, 2012 10:51am Jun 13, 2012 10:51am
Quoting Forexia
It's so ridiculous people are so afraid of one number. And I agree, like you said, it's not even a support/resistance level.
The price has bounced off it 4 times now, to say that isnt a resistance level is ridiculous.
  • #47,043
  • Jun 13, 2012 11:03am Jun 13, 2012 11:03am
Quoting HotBiscuits
The price has bounced off it 4 times now, to say that isnt a resistance level is ridiculous.
It is a resistance level from a technical point of view but is it really a resistance level in terms of supply and demand? Is there really going to be no demand at that level? Once AUD reaches parity with USD, 1 for 1, all of sudden AUD are going to become that unattractive that people will want to dump them all?

If the answer to the above question is no, then the fear must be concerning the AU central bank. We know AU central bank can't lower interest rate much when A/U gets too high because of inflation so the only way for them to bring down A/U exchange rate is by intervention.

So is that what traders are afraid of? Intervention at parity? Otherwise there is no justification that A/U shouldn't go to parity. All the AU fundamentals are good.
Make your losses in demo. Earn your profits live.
  • #47,044
  • Jun 13, 2012 11:11am Jun 13, 2012 11:11am
Quoting Forexia
It is a resistance level from a technical point of view but is it really a resistance level in terms of supply and demand? Is there really going to be no demand at that level? Once AUD reaches parity with USD, 1 for 1, all of sudden AUD are going to become that unattractive that people will want to dump them all?

If the answer to the above question is no, then the fear must be concerning the AU central bank. We know AU central bank can't lower interest rate much when A/U gets too high because of inflation so the only way for them to bring...
I'm quite lost... so are you saying there the AUD central bank is intervening? at 1.0000?
  • #47,045
  • Jun 13, 2012 11:13am Jun 13, 2012 11:13am
Quoting arcticpolar
I'm quite lost... so are you saying there the AUD central bank is intervening? at 1.0000?
Well what else can you explain this psychological fear of this level? Even if it's just the "Big Boys" playing the market, there has to be a reason why they chose to play at that level.

I am just wondering out loud.
Make your losses in demo. Earn your profits live.
  • #47,046
  • Jun 13, 2012 11:16am Jun 13, 2012 11:16am
Quoting arcticpolar
I'm quite lost... so are you saying there the AUD central bank is intervening? at 1.0000?

Mate, the AUD central bank (RBA) is intervening all fucking days (exactly as all the rest of central banksters), with or without your knowledge...

Don't be so naive.
Use me as a contrarian indicator
  • #47,047
  • Jun 13, 2012 11:18am Jun 13, 2012 11:18am
Quoting Forexia
Well what else can you explain this psychological fear of this level? Even if it's just the "Big Boys" playing the market, there has to be a reason why they chose to play at that level.

I am just wondering out loud.
secretly intervening... I like that idea. I have no idea why it can't get pass 1.0000. could be big guys, could be brokers, could be hedge funds, could be central bank. no idea... haha it doesn't make sense to me, but I might go short soon... if it can't break it soon. I'm tired too.. want to sleep so wait a few minutes... if it doesn't break.. then i'll just let it go long or touch my stop loss or tp... whatever comes first.
  • #47,048
  • Jun 13, 2012 11:19am Jun 13, 2012 11:19am
Quoting mrbandwidth
Mate, the AUD central bank (RBA) is intervening all fucking days (exactly as all the rest of central banksters), with or without your knowledge...

Don't be so naive.
fair enough...
  • #47,049
  • Jun 13, 2012 11:24am Jun 13, 2012 11:24am
Quoting mrbandwidth
Mate, the AUD central bank (RBA) is intervening all fucking days (exactly as all the rest of central banksters), with or without your knowledge...

Don't be so naive.
why Swiss Bank and the Japan's Central Bank always kind of announce it. they should be doing it slowly... that'll have more of an effect... then simply bam 300 pips up. they are not monitoring it well enough... announcing they will keep the 1.20 EUR CHF level locks themselves in a tough place... they will use more money than simply not announcing it.
  • #47,050
  • Jun 13, 2012 11:33am Jun 13, 2012 11:33am
Quoting arcticpolar
why Swiss Bank and the Japan's Central Bank always kind of announce it. they should be doing it slowly... that'll have more of an effect... then simply bam 300 pips up. they are not monitoring it well enough... announcing they will keep the 1.20 EUR CHF level locks themselves in a tough place... they will use more money than simply not announcing it.
I don't think this is the intervention by RBA. There is no proof or announcement. Aussies are still sleeping during these hours.
daddybearforex. com
  • #47,051
  • Jun 13, 2012 11:36am Jun 13, 2012 11:36am
Quoting DaddyBear
I don't think this is the intervention by RBA. There is no proof or announcement. Aussies are still sleeping during these hours.
So this is "Big Boys" playing? A/U is moving even slower than the S&P 500.
Make your losses in demo. Earn your profits live.
  • #47,052
  • Jun 13, 2012 11:56am Jun 13, 2012 11:56am
Quoting Forexia
So this is "Big Boys" playing? A/U is moving even slower than the S&P 500.
I do not know who are playing. All I can see is Aussie wants to take a break. The law of the nature is behind this move. Aussies are not sneaky people.
daddybearforex. com
  • #47,053
  • Jun 13, 2012 11:58am Jun 13, 2012 11:58am
Quoting DaddyBear
I do not know who are playing. All I can see is Aussie wants to take a break. The law of the nature is behind this move. Aussies are not sneaky people.
Yeah I can see that. I am out with a 10 pip loss. Oh well.
Make your losses in demo. Earn your profits live.
  • #47,054
  • Jun 13, 2012 12:07pm Jun 13, 2012 12:07pm
Quoting DaddyBear
I do not know who are playing. All I can see is Aussie wants to take a break. The law of the nature is behind this move. Aussies are not sneaky people.
Oh well. I'm going to go to sleep. Good night guys. letting my position run til tomorrow morning. up is good, down is bad. hopefully tomorrow I can switch it to down. but maybe too late, maybe still got time. no one knows...
  • #47,055
  • Jun 13, 2012 12:12pm Jun 13, 2012 12:12pm
Quoting arcticpolar
Oh well. I'm going to go to sleep. Good night guys. letting my position run til tomorrow morning. up is good, down is bad. hopefully tomorrow I can switch it to down. but maybe too late, maybe still got time. no one knows...
Young man, when you wake up tomorrow morning, don't be surprised that you are at Sydney, Australia, the Down Under.
daddybearforex. com
  • #47,056
  • Jun 13, 2012 2:28pm Jun 13, 2012 2:28pm
Quoting DaddyBear
Young man, when you wake up tomorrow morning, don't be surprised that you are at Sydney, Australia, the Down Under.
Eeeeeeks... It's a good thing that I exited my long earlier. It's already travelling south, so much, so fast.
Make your losses in demo. Earn your profits live.
  • #47,057
  • Jun 13, 2012 2:28pm Jun 13, 2012 2:28pm
Quoting arcticpolar
Possible three tops... If it falls I joining bears... If not. Hope it extends to 1.0050 where I exit and wait for bears.
I guess You were right
  • #47,058
  • Jun 13, 2012 2:53pm Jun 13, 2012 2:53pm
Quoting Siziy
I guess You were right
But, he is still holding his long positions until he wakes up tomorrow morning.
daddybearforex. com
  • #47,059
  • Jun 13, 2012 2:59pm Jun 13, 2012 2:59pm
Quoting DaddyBear
But, he is still holding his long positions until he wakes up tomorrow morning.
Yikes!! This is why I like to trade Intraday.
Make your losses in demo. Earn your profits live.
  • #47,060
  • Jun 13, 2012 3:42pm Jun 13, 2012 3:42pm
Quoting Forexia
Yikes!! This is why I like to trade Intraday.
Yes, you are absolutely right. Don't leave your computer and go to the bathroom. This is why I have a tablet next to my bed. This is a 24-hour business.
daddybearforex. com
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