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Help Me Establish The GbpUsd After Dinner Club 40 replies

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  • #1,901
  • Jul 19, 2013 5:46am Jul 19, 2013 5:46am
Quoting namitak007
{quote} Well what about AUD ? at this level I expect weakening of AUD more than NZD. So maybe still some time for long ???
Possibly.

I see AUD/NZD carving out a bottoming process quite soon because no matter how bearish the AUD is, there is no fundamental reasons for the Kiwi to be strong right now and after its technical pullback to current (and maybe slightly higher) levels, it should start it's extended decline whilst the Aussie performs its long overdue correction to 0.95/96 area or remains flat. If the Aussie stays persistent with it's bearish bias without retrace and beats the Kiwi to the bottom, it will not be long before the RBNZ has to make an emergency rate cut or other intervention.

Right now the Kiwi is getting support from the consumer credit bubble it has got itself into, but that won't last in my opinion.

Keep in mind also that I am not highly leveraged on this trade, so I am not really motivated to bail yet. I will give the trade till next week to produce something, and if not, then I will cut it loose and look for other opportunities.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,902
  • Jul 19, 2013 5:48am Jul 19, 2013 5:48am
Quoting 21vs7
{quote} ok, Ill have a try.. half in on 3110 other at 3114. Risk 15 pippers. target 2940 + Sell stop at 3075 risk 30 tp 3030 lunch
Bon appetit
Those who say it cannot be done should not interrupt those who are doing it
  • #1,903
  • Jul 19, 2013 5:54am Jul 19, 2013 5:54am
Quoting PipTrapper
{quote} Possibly. I see AUD/NZD carving out a bottoming process quite soon because no matter how bearish the AUD is, there is no fundamental reasons for the Kiwi to be strong right now and after its technical pullback to current (and maybe slightly higher) levels, it should start it's extended decline whilst the Aussie performs its long overdue correction to 0.95/96 area or remains flat. If the Aussie stays persistent with it's bearish bias without retrace and beats the Kiwi to the bottom, it will not be long before...

even though correction is pending she's more traded currency for last couple of months. So another selloff can be possible. Well just my opinion. I am hunting her once she leaves 0.9143 area against usd to 0.89x or even 0.88x
  • #1,904
  • Jul 19, 2013 6:04am Jul 19, 2013 6:04am
aud will go up to 0.93 where some decent Tl sits. Number of aud ccy pairs have t/l breaks pending including gold on upside for aud.

That's goona become real big trade
  • #1,905
  • Jul 19, 2013 6:06am Jul 19, 2013 6:06am
Quoting 21vs7
{quote} ok, Ill have a try.. half in on 3110 other at 3114. Risk 15 pippers. target 2940 + Sell stop at 3075 risk 30 tp 3030 lunch
why playing eur. Seems the most boring pair there is. Like eu officials and their sex life.
  • #1,906
  • Jul 19, 2013 6:07am Jul 19, 2013 6:07am
Quoting namitak007
{quote} even though correction is pending she's more traded currency for last couple of months. So another selloff can be possible. Well just my opinion. I am hunting her once she leaves 0.9143 area against usd to 0.89x or even 0.88x
Absolutely I agree the Aussie could go down further... In fact it may not even stop. However, that would ring very loud alarm bells at the RBNZ and intervention would be a given. Furthermore, if the market is selling the Aussie on the anticipation of a further rate cut, then unless we see the Aussie correct, the market is going to be very disappointed because as long as the Aussie goes down by itself, there will be no need for further rate cuts by the RBA.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,907
  • Jul 19, 2013 6:08am Jul 19, 2013 6:08am
Quoting PipTrapper
{quote} Bon appetit
thanks

agreed bout aud.
http://www.forexfactory.com/showthre...10#post6825710
view on the other thread
  • #1,908
  • Jul 19, 2013 6:09am Jul 19, 2013 6:09am
Quoting seaman2
{quote} why playing eur. Seems the most boring pair there is. Like eu officials and their sex life.


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Those who say it cannot be done should not interrupt those who are doing it
  • #1,909
  • Jul 19, 2013 6:10am Jul 19, 2013 6:10am
Quoting PipTrapper
{quote} Absolutely I agree the Aussie could go down further... In fact it may not even stop. However, that would ring very loud alarm bells at the RBNZ and intervention would be a given. Furthermore, if the market is selling the Aussie on the anticipation of a further rate cut, then unless we see the Aussie correct, the market is going to be very disappointed because as long as the Aussie goes down by itself, there will be no need for further rate cuts by the RBA.

wtf just happened??? lolz!50 pips spike!! I am out of my shorts!
  • #1,910
  • Jul 19, 2013 6:11am Jul 19, 2013 6:11am
Quoting 21vs7
{quote} thanks agreed bout aud. http://www.forexfactory.com/showthre...10#post6825710 view on the other thread
I am stepping out for lunch now. I will read it when I come back.
Cheers
Those who say it cannot be done should not interrupt those who are doing it
  • #1,911
  • Jul 19, 2013 6:13am Jul 19, 2013 6:13am
Quoting seaman2
{quote} why playing eur. Seems the most boring pair there is. Like eu officials and their sex life.
hehee

s/o. was Worth a try.
Surely EUr gonna break somewhere in the meantime. But yes, always a pair that is more friendly i Guess.
  • #1,912
  • Jul 19, 2013 6:20am Jul 19, 2013 6:20am
I am long in aud over number of pairs and now looing to load gold at 1300.

But for that I need another bootle.
  • #1,913
  • Jul 19, 2013 6:27am Jul 19, 2013 6:27am
pending AUDCHF buy in one hour or so. Playing 4 hrs chart.

overall position on B/E. But have lots of dry powder ready.

buying until its going up. keeping total exposure around zero.

my proprietary signal service issued signal where moves will happen in straight line. So that's why I play like this. & of course couple of bottles of merlot for health.
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  • #1,914
  • Jul 19, 2013 6:33am Jul 19, 2013 6:33am
eurjpy
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looking for investors . pm me
  • #1,915
  • Jul 19, 2013 6:33am Jul 19, 2013 6:33am
Quoting seaman2
I am long in aud over number of pairs and now looing to load gold at 1300. But for that I need another bootle.
remember to eat something, cheers
gint tonic for me to start with

cheers
  • #1,916
  • Jul 19, 2013 6:35am Jul 19, 2013 6:35am
usdjpy
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looking for investors . pm me
  • #1,917
  • Jul 19, 2013 6:38am Jul 19, 2013 6:38am
eurusd
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looking for investors . pm me
  • #1,918
  • Jul 19, 2013 6:43am Jul 19, 2013 6:43am
usdcad
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looking for investors . pm me
  • #1,919
  • Jul 19, 2013 6:43am Jul 19, 2013 6:43am
Despite repeated attempts, euro still hasn't printed a daily close above the 61.8 @ 1.3163. That's worth paying attention to, on my charts anyway.
  • #1,920
  • Jul 19, 2013 7:12am Jul 19, 2013 7:12am
Quoting BoringIsGood
Despite repeated attempts, euro still hasn't printed a daily close above the 61.8 @ 1.3163. That's worth paying attention to, on my charts anyway.
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