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  • #55,761
  • Edited 4:23pm Nov 5, 2012 4:06pm | Edited 4:23pm
So what are everyone's aussie positions before the interest rate decision? I'm currently only have long term positions. A/U longs from 1.015 which I hope to hold over the next 5 years. Euro aussie shorts from 1.19, 1.24 and 1.27.

I'm flat any short term positions since it didn't hit my 1.0327 limit yesterday but I plan on entering a long 1 min before the announcement. In case I'm wrong and the RBA does cut, I'll enter a short with twice the long position with my news trader and hopefully without much slippage.
  • #55,762
  • Nov 5, 2012 4:08pm Nov 5, 2012 4:08pm
still short.
  • #55,763
  • Nov 5, 2012 4:33pm Nov 5, 2012 4:33pm
Quoting maximinus
Hi Sidhu,
you think that there will be no rate cut tonight ?
We can interpret both way the green aussie day ?
Even if there is I don't expect it to close below parity anytime soon. A close below parity tells me that bears win. On the other hand 1.55 is a bull target and will complete any bull before a large bear comes after election/fiscal bs dust is settled.
  • #55,764
  • Nov 5, 2012 4:39pm Nov 5, 2012 4:39pm
Quoting Iro
So what are everyone's aussie positions before the interest rate decision? I'm currently only have long term positions. A/U longs from 1.015 which I hope to hold over the next 5 years. Euro aussie shorts from 1.19, 1.24 and 1.27.

I'm flat any short term positions since it didn't hit my 1.0327 limit yesterday but I plan on entering a long 1 min before the announcement. In case I'm wrong and the RBA does cut, I'll enter a short with twice the long position with my news trader and hopefully without much slippage.
I'll be straddling on a/u before the announcement. I'm short e/a from 1.2384 and will be bringing the stop down tight. From a tech perspective, a/u looks bullish but the news could wipe that out.
FF journal: Peaks and Troffs
  • #55,765
  • Nov 5, 2012 4:48pm Nov 5, 2012 4:48pm
As long as the eur/aud and gbp/aud come under pressure the aud will remain supported and even if the RBA cut rate by 0.25pct its still not enough to deter a major sell off.

eur/aud 1.2200 and gbp/aud 1.5200 key tanking levels..
  • #55,766
  • Nov 5, 2012 4:50pm Nov 5, 2012 4:50pm
Quoting bogus
I'll be straddling on a/u before the announcement. I'm short e/a from 1.2384 and will be bringing the stop down tight. From a tech perspective, a/u looks bullish but the news could wipe that out.
Im with ya.. watching the news too
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  • #55,767
  • Nov 5, 2012 5:15pm Nov 5, 2012 5:15pm
Quoting domino
Im with ya.. watching the news too
Nice. The good thing about rate announcements is price doesn't muck around generally. It's either up or down, no digesting of the info. I don't hold trades over the weekends, but e/a has been good.
FF journal: Peaks and Troffs
  • #55,768
  • Nov 5, 2012 5:38pm Nov 5, 2012 5:38pm
I'm kind of nervous about the price action though, especially with Williams the dove speaking on the schedule. If it goes up too much before the decision we could have little follow through and more sell the news thing going on.

I'm kinda wishing more bears would jump on board now lol.
  • #55,769
  • Nov 5, 2012 5:46pm Nov 5, 2012 5:46pm
http://i.imgur.com/1x5aH.jpg
  • #55,770
  • Nov 5, 2012 5:50pm Nov 5, 2012 5:50pm
Quoting Iro
I'm kind of nervous about the price action though
I'm kinda wishing more bears would jump on board now lol.
Makes 2 of us!
It 'aint easy, bein' cheesy
  • #55,771
  • Nov 5, 2012 7:58pm Nov 5, 2012 7:58pm
Daily and Hourly technicals are all pointing towards Strong Buy signal for AUD/USD at the moment.

Obviously the news is more important at this time so it is best to wait and see what happens before making any moves, unless you are planning on playing the breakout.
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  • #55,772
  • Nov 5, 2012 8:16pm Nov 5, 2012 8:16pm
Just reading everyone's views, while waiting on the news. GL
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Time turns trend. - W.D. Gann
  • #55,773
  • Nov 5, 2012 8:33pm Nov 5, 2012 8:33pm
Quoting domino
Im with ya.. watching the news too
I think you have made up your mind to blow your account today.

  • #55,774
  • Nov 5, 2012 8:50pm Nov 5, 2012 8:50pm
Quoting Nachiket
I think you have made up your mind to blow your account today.

Even if AUD cuts rates there's no way E/A is going to shoot up more than 100-150 pips in one day... He also has EUR/NZD shorts which are well in profit which will NOT be affected regardless of what E/A does.

All in all, he is doing fine, let's all worry about our OWN accounts.

Unless you really care? If that's the case, then I'll send you my wire instructions and you can make a donation since you care so much!
  • #55,775
  • Nov 5, 2012 9:10pm Nov 5, 2012 9:10pm
Something to ponder

http://i.imgur.com/fjDzg.png
  • #55,776
  • Nov 5, 2012 9:21pm Nov 5, 2012 9:21pm
Quoting Compulsive
Something to ponder

http://i.imgur.com/fjDzg.png
Nice post Compulsive! Thanks for sharing this with us.

Makes me wonder if they would go through with another rate cut so close to the previous one as it didn't seem to "get the job done."
  • #55,777
  • Nov 5, 2012 9:22pm Nov 5, 2012 9:22pm
Quoting 100PipsADay
Even if AUD cuts rates there's no way E/A is going to shoot up more than 100-150 pips in one day... He also has EUR/NZD shorts which are well in profit which will NOT be affected regardless of what E/A does.

All in all, he is doing fine, let's all worry about our OWN accounts.

Unless you really care? If that's the case, then I'll send you my wire instructions and you can make a donation since you care so much!
I like it. look nzd can turn bearish anytime as there is no way RBNZ keeps rates at such high
  • #55,778
  • Nov 5, 2012 9:27pm Nov 5, 2012 9:27pm
Quoting Nachiket
I like it. look nzd can turn bearish anytime as there is no way RBNZ keeps rates at such high
I understand, but he seems to be trading what the market is giving him and it looks like it's working.

I'm definitely more bearish on EUR & GBP then AUD and NZD, therefore, I would probalby short E/A and G/A before I would long them!

What's your email? I'd like to send you my wire instructions now...
  • #55,779
  • Nov 5, 2012 9:31pm Nov 5, 2012 9:31pm
I'm rich!!
FF journal: Peaks and Troffs
  • #55,780
  • Nov 5, 2012 9:31pm Nov 5, 2012 9:31pm
Just as I had expected...

Still Long AUD/JPY

I sincerely hope that the bears did not get hurt with this move.
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