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Aussie Trading Room and Cartoons Gallery

  • #27,501
  • Feb 11, 2013 11:41pm Feb 11, 2013 11:41pm
Quoting DaddyBear
Welcome ShadowZ. Do you think it's a bottomless situation? -DB-
Thanks DB... I'm pretty sure it will bounce somewhere up... I have an area around 230 and 150 as the strong support for Aussie and I expect it will reverse at that price... But recently Aussie is very weak, a lot of support lines got breached easily... I'm afraid it will go to parity or even below as forecasted by a lot of top economists...
  • #27,502
  • Feb 11, 2013 11:50pm Feb 11, 2013 11:50pm
Quoting ShadowZ
Thanks DB... I'm pretty sure it will bounce somewhere up... I have an area around 230 and 150 as the strong support for Aussie and I expect it will reverse at that price... But recently Aussie is very weak, a lot of support lines got breached easily... I'm afraid it will go to parity or even below as forecasted by a lot of top economists...
Eventually parity is in sight but not this time around IMO.
daddybearforex. com
  • #27,503
  • Feb 11, 2013 11:52pm Feb 11, 2013 11:52pm
Quoting ShadowZ
Thanks DB... I'm pretty sure it will bounce somewhere up... I have an area around 230 and 150 as the strong support for Aussie and I expect it will reverse at that price... But recently Aussie is very weak, a lot of support lines got breached easily... I'm afraid it will go to parity or even below as forecasted by a lot of top economists...
The biggest support I see between here and parity is the weekly trend line. It is currently around 1.0170. It also confluences with a previous low. After that we may have another support at 1.0150 (last year's second half low), as you mentioned. 1.0100 also seems to be another support from a previous low. If all of those go then parity is a very likely possibility.
  • #27,504
  • Feb 12, 2013 8:17am Feb 12, 2013 8:17am
Yup, time to buy guys...(but i think i missed the bottom). Tp. 1.03
  • #27,505
  • Feb 12, 2013 10:23am Feb 12, 2013 10:23am
I'm still waiting for aud to skyrocket - as per my audcad chart
  • #27,506
  • Feb 12, 2013 11:11am Feb 12, 2013 11:11am
Quoting maximmm
I'm still waiting for aud to skyrocket - as per my audcad chart
Am I reading this message right? Are you a Bull now? Or just disguise with a Bull mask?

http://www.forexfactory.com/attachme...1&d=1349881263
daddybearforex. com
  • #27,507
  • Feb 12, 2013 11:16am Feb 12, 2013 11:16am
Posted last night. It has been up 100 pips since then.

Quoting DaddyBear
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
  • #27,508
  • Feb 12, 2013 12:21pm Feb 12, 2013 12:21pm
Would like to thank the G7 for helping out my trade positions! Thinking of buying some Yen later on that note.
Inside Forex Trading Gives You The Edge To Succeed.
  • #27,509
  • Feb 12, 2013 12:30pm Feb 12, 2013 12:30pm
Quoting DaddyBear
Am I reading this message right? Are you a Bull now? Or just disguise with a Bull mask?

http://www.forexfactory.com/attachme...1&d=1349881263
Long aud vs cad

Yet, I'm still not sure how that would reflect on the audusd pair. Curiously, CAD is getting stronger - so is Aud - perhaps both will strengthen but aud will be more so (in which case, I'd expect aud to rally vs usd)?
  • #27,510
  • Feb 12, 2013 12:41pm Feb 12, 2013 12:41pm
btw, i'm not always bearish, you know. It's just that because I utilize long term charts - I do not switch my view on daily basis^^
  • #27,511
  • Feb 12, 2013 1:31pm Feb 12, 2013 1:31pm
The Aussie has built a solid foundation.....IMO

http://www.forexfactory.com/attachme...1&d=1360532242
daddybearforex. com
  • #27,512
  • Feb 12, 2013 1:41pm Feb 12, 2013 1:41pm
Next will be a retracement.

Quoting DaddyBear
The Aussie has built a solid foundation.....IMO

http://www.forexfactory.com/attachme...1&d=1360532242
daddybearforex. com
  • #27,513
  • Feb 12, 2013 1:59pm Feb 12, 2013 1:59pm
Comparing to EJ, the Aussie is a very nice lady to hang out all the time.
Attached Image (click to enlarge)
Click to Enlarge Name: PARTY-2.JPG Size: 91 KB
daddybearforex. com
  • #27,514
  • Feb 12, 2013 2:09pm Feb 12, 2013 2:09pm
Quoting DaddyBear
Comparing to EJ, the Aussie is a very nice lady to hang out all the time.
I do still believe AUDUSD is the bullish pair, carry trading and just the general relative stability of their economies.

Question is where is the bottom, hardest question i know,

I have a short and its negative swap is equal to 170 pips, I know this is bad, thinking to I just never take it out? Is that really that bad?
Even the worst trade can close with profit. Just give it time.
  • #27,515
  • Feb 12, 2013 2:14pm Feb 12, 2013 2:14pm
Quoting John Gray
I do still believe AUDUSD is the bullish pair, carry trading and just the general relative stability of their economies.

Question is where is the bottom, hardest question i know,

I have a short and its negative swap is equal to 170 pips, I know this is bad, thinking to I just never take it out? Is that really that bad?
I guess you have held the pair for too long unless you have made a fortune.
daddybearforex. com
  • #27,516
  • Feb 12, 2013 2:16pm Feb 12, 2013 2:16pm
Quoting John Gray
I do still believe AUDUSD is the bullish pair, carry trading and just the general relative stability of their economies.

Question is where is the bottom, hardest question i know,

I have a short and its negative swap is equal to 170 pips, I know this is bad, thinking to I just never take it out? Is that really that bad?
Hey John

I thought the negative swap is 1pip per minii lot per day
Eg 10 standard is 100$ interest inc broker admin etc

R you shorting 17 standard lots?
  • #27,517
  • Feb 12, 2013 2:18pm Feb 12, 2013 2:18pm
Quoting DaddyBear
I guess you have held the pair for too long unless you have made a fortune.
From memory he is always a buyer.
His position must be either 1-2 days old or since last week..
But 70pips drop shld cover his swap.. That is equivalent to 70days swap per standard lot
  • #27,518
  • Feb 12, 2013 2:19pm Feb 12, 2013 2:19pm
Quoting HelloOz
Hey John

I thought the negative swap is 1pip per minii lot per day
Eg 10 standard is 100$ interest inc broker admin etc

R you shorting 17 standard lots?
No,

The trade has been in a long time
Even the worst trade can close with profit. Just give it time.
  • #27,519
  • Feb 12, 2013 2:20pm Feb 12, 2013 2:20pm
Quoting HelloOz
From memory he is always a buyer.
His position must be either 1-2 days old or since last week..
But 70pips drop shld cover his swap.. That is equivalent to 70days swap per standard lot
Im usually always a buyer as well, can't remember what happened now, it was entered 4 months ago
Even the worst trade can close with profit. Just give it time.
  • #27,520
  • Feb 12, 2013 2:29pm Feb 12, 2013 2:29pm
Quoting John Gray
Im usually always a buyer as well, can't remember what happened now, it was entered 4 months ago
Did you enter below or near the parity?
daddybearforex. com
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