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Aussie Trading Room and Cartoons Gallery

  • #5,541
  • Aug 13, 2012 1:18am Aug 13, 2012 1:18am
Quoting Moova
Totally agree DB. We only have to compete with ourselves.I have a short bias at present. will revisit 1.0440 zone ???
I would not count on that.
daddybearforex. com
  • #5,542
  • Aug 13, 2012 1:21am Aug 13, 2012 1:21am
Quoting DaddyBear
I would not count on that.
When the Bull's butt and swing are hitting the ground, I will say ADIOS to the Bear.
daddybearforex. com
  • #5,543
  • Aug 13, 2012 1:59am Aug 13, 2012 1:59am
Evening all, I have a short on the Aussie and happy to sit and watch for now. I got in fairly high Friday night so we'll see how it goes with London time
  • #5,544
  • Aug 13, 2012 2:04am Aug 13, 2012 2:04am
Quoting WendyG
Evening all, I have a short on the Aussie and happy to sit and watch for now. I got in fairly high Friday night so we'll see how it goes with London time
good evening wendy , that short trading or gambling
  • #5,545
  • Aug 13, 2012 2:13am Aug 13, 2012 2:13am
Quoting jasakreatif
good evening wendy , that short trading or gambling
I'm in the green, so you tell me
  • #5,546
  • Aug 13, 2012 2:21am Aug 13, 2012 2:21am
Quoting WendyG
I'm in the green, so you tell me
ya, bear walk down from mountain , cannot run so fast, bear to heavy .
anyway i comment to wrong user name i tought you wendykurnia , on this thread What are similarities between trading and gambling? (http://www.forexfactory.com/showthread.php?t=376062) http://www.forexfactory.com/showthread.php?t=376062 .
  • #5,547
  • Aug 13, 2012 2:34am Aug 13, 2012 2:34am
If any of this is true, then it will only be a matter of time until we have the Great Aussie Bear run. which will take the pair well below parity, because without China there is no real Aussie strength and the interest rates that makes it such a good carry trade will be gone.

http://www.forbes.com/sites/gordonchang/2012/08/12/china-is-running-out-of-money/
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,548
  • Aug 13, 2012 2:44am Aug 13, 2012 2:44am
Good morning peaples

Bit late up today so sitting on the sidelines while I drink my tea :]
  • #5,549
  • Aug 13, 2012 2:50am Aug 13, 2012 2:50am
Robot Trader, saw same article and confess I don't understand how a country runs out of cash when they have their own currency. Can't they just print more?
Hope for the best, prepare for the worst.
  • #5,550
  • Aug 13, 2012 2:51am Aug 13, 2012 2:51am
Quoting Robot Trader
If any of this is true, then it will only be a matter of time until we have the Great Aussie Bear run. which will take the pair well below parity, because without China there is no real Aussie strength and the interest rates that makes it such a good carry trade will be gone.

http://www.forbes.com/sites/gordonchang/2012/08/12/china-is-running-out-of-money/
Its an interesting story this Gordon Chang has written, but as one of the comments states, he has said this in the past and nothing came of it. Australia and New Zealand trade heavily with China, so if the major companies in China are Indeed reporting big losses, it doesn't bode well
  • #5,551
  • Aug 13, 2012 3:07am Aug 13, 2012 3:07am
Hi Guys,

Me too trade AUD along with few more pairs, swing style. Watching this thread for few days, Do I have permission to join you all.

Thanks,
  • #5,552
  • Aug 13, 2012 3:09am Aug 13, 2012 3:09am
Quoting WendyG
Its an interesting story this Gordon Chang has written, but as one of the comments states, he has said this in the past and nothing came of it. Australia and New Zealand trade heavily with China, so if the major companies in China are Indeed reporting big losses, it doesn't bode well
Hi Wendy,

I find it strange that traders accept most countries are in financial trouble and trade accordingly, but when it comes to the Aussie they cannot look past the 3.5% carry trade and they think its strength is unstoppable.

I am only looking for selling opportunities until I see it well oversold
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,553
  • Aug 13, 2012 3:17am Aug 13, 2012 3:17am
Quoting dab
Robot Trader, saw same article and confess I don't understand how a country runs out of cash when they have their own currency. Can't they just print more?
Hi Dab,

Yes if their politics allows them to do so, although the US would not like that approach, because it would make their products cheaper.

And in the long run printing money is just a quick fix it does not work and will only come back to harm the people of the country that printed the money.
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,554
  • Aug 13, 2012 3:18am Aug 13, 2012 3:18am
Gidday Traders

Keeping an eye on things

Thought it would have hit 15000

More likely climb back up to 16000ish.before it chugs down

What all the punters think

Everybody enjoy the games
  • #5,555
  • Aug 13, 2012 3:28am Aug 13, 2012 3:28am
Quoting mohai
Hi Guys,

Me too trade AUD along with few more pairs, swing style. Watching this thread for few days, Do I have permission to join you all.

Thanks,
Welcome to the thread Mohai
  • #5,556
  • Aug 13, 2012 3:31am Aug 13, 2012 3:31am
Quoting WendyG
Welcome to the thread Mohai
Thank you,
  • #5,557
  • Aug 13, 2012 3:37am Aug 13, 2012 3:37am
Quoting mohai
Hi Guys,

Me too trade AUD along with few more pairs, swing style. Watching this thread for few days, Do I have permission to join you all.

Thanks,
welcome here
Sometimes it's better to be wrong,to learn..
  • #5,558
  • Aug 13, 2012 3:42am Aug 13, 2012 3:42am
to me the dip has been done,its bouncing from sma 200 on H1...added another long @ 38
Sometimes it's better to be wrong,to learn..
  • #5,559
  • Aug 13, 2012 3:44am Aug 13, 2012 3:44am
Quoting mohai
Hi Guys,

Me too trade AUD along with few more pairs, swing style. Watching this thread for few days, Do I have permission to join you all.

Thanks,
Welcome mohai! You don't need permission to join us. -DB-
daddybearforex. com
  • #5,560
  • Aug 13, 2012 3:47am Aug 13, 2012 3:47am
Quoting KiNgEdwarD
to me the dip has been done,its bouncing from sma 200 on H1...added another long @ 38
Thank you,

Pardon my ignorance, H1 means 1 - hour (hourly charts).
And you added to you Longs at 1.0538.

Just getting used to the language here.
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