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Aussie Trading Room and Cartoons Gallery

  • #27,481
  • Feb 11, 2013 10:27am Feb 11, 2013 10:27am
Quoting mima
So what did you want to say here?
That the Bears are not done yet.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #27,482
  • Feb 11, 2013 11:09am Feb 11, 2013 11:09am
Quoting DaddyBear
I forgot to mention one key point. The cost to print this GREAT banknote is much higher than its face value for sure....
Zimbabwean Dollar is not a banknote...its a cheque bearer, meaning: you cannot exchange it with other currency, although you can buy it in the black market using USD or Rand, but dont use official money changer, because they have fixes rate: 1 USD equal 1 ZW$. Whereas in the black market its always inflating ridiculusly, when i'm there in 2007, 1 USD = 1.000.000 ZW (and at that time 1 Mil is the highest cheque bearer).
  • #27,483
  • Feb 11, 2013 11:25am Feb 11, 2013 11:25am
Quoting azzam
Zimbabwean Dollar is not a banknote...its a cheque bearer, meaning: you cannot exchange it with other currency, although you can buy it in the black market using USD or Rand, but dont use official money changer, because they have fixes rate: 1 USD equal 1 ZW$. Whereas in the black market its always inflating ridiculusly, when i'm there in 2007, 1 USD = 1.000.000 ZW (and at that time 1 Mil is the highest cheque bearer).
Thanks for your comment.
daddybearforex. com
  • #27,484
  • Feb 11, 2013 11:26am Feb 11, 2013 11:26am
Quoting azzam
Zimbabwean Dollar is not a banknote...its a cheque bearer, meaning: you cannot exchange it with other currency, although you can buy it in the black market using USD or Rand, but dont use official money changer, because they have fixes rate: 1 USD equal 1 ZW$. Whereas in the black market its always inflating ridiculusly, when i'm there in 2007, 1 USD = 1.000.000 ZW (and at that time 1 Mil is the highest cheque bearer).
Why did you go to there?
daddybearforex. com
  • #27,485
  • Feb 11, 2013 12:10pm Feb 11, 2013 12:10pm
Although it keeps going up, I still see another drop before everything is done.
daddybearforex. com
  • #27,486
  • Feb 11, 2013 4:06pm Feb 11, 2013 4:06pm
Quoting DaddyBear
Although it keeps going up, I still see another drop before everything is done.
As mentioned earlier, it is coming down to somewhere.
daddybearforex. com
  • #27,487
  • Feb 11, 2013 4:58pm Feb 11, 2013 4:58pm
Nobody trades the Aussie anymore?
daddybearforex. com
  • #27,488
  • Feb 11, 2013 5:01pm Feb 11, 2013 5:01pm
Quoting DaddyBear
Nobody trades the Aussie anymore?
No one trade Aussie anymore..
  • #27,489
  • Feb 11, 2013 5:12pm Feb 11, 2013 5:12pm
I don't think it's that no one trades it. It's just at a level where no one wants to buy or sell it
Good luck and may the odds be ever in your favor!
  • #27,490
  • Feb 11, 2013 5:28pm Feb 11, 2013 5:28pm
Quoting HelloOz
No one trade Aussie anymore..
You have pairs that move 300 pips per hour out there^^
  • #27,491
  • Feb 11, 2013 5:31pm Feb 11, 2013 5:31pm
Quoting maximmm
You have pairs that move 300 pips per hour out there^^
too little..
  • #27,492
  • Feb 11, 2013 5:32pm Feb 11, 2013 5:32pm
Quoting dbutton1990
I don't think it's that no one trades it. It's just at a level where no one wants to buy or sell it
I see this level bullish.
daddybearforex. com
  • #27,493
  • Feb 11, 2013 6:56pm Feb 11, 2013 6:56pm
Quoting DaddyBear
I see this level bullish.
1.025, fair enough.

I think there is a chance for a test of 1.02 [1.019]

H4 did bring LL

I believe lowest reversal point is 1.015



Market is getting to the stage where there is more room to move up then down, so in hindsight, risk:return is favourable on any long position?

I have a short in at 1.029, unfortunately very bad swap so trying to get 1.015
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 1.025.PNG Size: 67 KB
Even the worst trade can close with profit. Just give it time.
  • #27,494
  • Feb 11, 2013 7:36pm Feb 11, 2013 7:36pm
Quoting John Gray
1.025, fair enough.

I think there is a chance for a test of 1.02 [1.019]

H4 did bring LL

I believe lowest reversal point is 1.015



Market is getting to the stage where there is more room to move up then down, so in hindsight, risk:return is favourable on any long position?

I have a short in at 1.029, unfortunately very bad swap so trying to get 1.015
IMO this could be very near the bottom if there is one.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-021113-H1.JPG Size: 79 KB
daddybearforex. com
  • #27,495
  • Feb 11, 2013 8:54pm Feb 11, 2013 8:54pm
The downward move gives me a chilling effect..
I also think that this is the bottom according to my weekly chart..but if the move continue..then parity is not too far away.

Ooh btw, i'm in zimbabwe for (survival) training in the ostrich farm (i dont know why they called it farm..??)
  • #27,496
  • Feb 11, 2013 9:13pm Feb 11, 2013 9:13pm
Quoting azzam
The downward move gives me a chilling effect..
I also think that this is the bottom according to my weekly chart..but if the move continue..then parity is not too far away.

Ooh btw, i'm in zimbabwe for (survival) training in the ostrich farm (i dont know why they called it farm..??)
The Aussie is not going to drop endlessly. At certain point, it will reverse the course. Current formation is an ending pattern IMO.
daddybearforex. com
  • #27,497
  • Feb 11, 2013 10:04pm Feb 11, 2013 10:04pm
Poor Aussie keeps dropping and dropping... Every trader is picking on her now...
  • #27,498
  • Feb 11, 2013 10:38pm Feb 11, 2013 10:38pm
Quoting ShadowZ
Poor Aussie keeps dropping and dropping... Every trader is picking on her now...
Welcome ShadowZ. Do you think it's a bottomless situation? -DB-
daddybearforex. com
  • #27,499
  • Edited 11:48pm Feb 11, 2013 11:30pm | Edited 11:48pm
Taking a small buy position prior to London open...

Around 1.024

Possibly see some upside potential.
Inside Forex Trading Gives You The Edge To Succeed.
  • #27,500
  • Feb 11, 2013 11:40pm Feb 11, 2013 11:40pm
Quoting InsideForexT
Taking a small buy position prior to London open...

Around 1.24

Possibly see some upside potential.
Price seemed to hold the 1.24 mark, but I think it might still be a little too early. We shall see what happens next. I think the next move might give us a hint.
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