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AUD/USD

  • #61,901
  • Aug 7, 2013 8:11pm Aug 7, 2013 8:11pm
Quoting Surgical
{quote} Hi, you still long?

Day dreaming.. Market traps you by making up your mind..
  • #61,902
  • Aug 7, 2013 8:12pm Aug 7, 2013 8:12pm
Quoting Yuchen
{quote} This is not a bullish news. Most time the market will be determined by comparing the actual result vs the forecast result. If the actual result is better than forecast, even it is still a negative result, it may still bullish for the currency. We need to be patient, maybe some big traders or inside information traders already knew the result and they are playing the game to trap some of us now.. Lets see how the actual result will come.

I see, so my question is if the news came for example 6% instead of 5.8% this will be considered Bearish right?
  • #61,903
  • Aug 7, 2013 8:14pm Aug 7, 2013 8:14pm
Quoting Aboutera
{quote} I see, so my question is if the news came for example 6% instead of 5.8% this will be considered Bearish right?

Yeah right
  • #61,904
  • Aug 7, 2013 8:15pm Aug 7, 2013 8:15pm
Quoting Yuchen
{quote} This is not a bullish news. Most time the market will be determined by comparing the actual result vs the forecast result. If the actual result is better than forecast, even it is still a negative result, it may still bullish for the currency. We need to be patient, maybe some big traders or inside information traders already knew the result and they are playing the game to trap some of us now.. Lets see how the actual result will come.
Agree, and yes the market makers, the ones who see the larger flows, hiding behind huge capital resources play the market more than we would realise.
  • #61,905
  • Aug 7, 2013 8:20pm Aug 7, 2013 8:20pm
Quoting Pip Anon
EURCAD looking top heavy.

I think the damn Euro in general needs a trim.

Hope so that is how im positioned on several pairs.
Money never sleeps...
  • #61,906
  • Aug 7, 2013 8:23pm Aug 7, 2013 8:23pm
Quoting inpatient
{quote} I think the damn Euro in general needs a trim. Hope so that is how im positioned on several pairs.
I think so too man. I didn't want to get into EURAUD at this point, but EURCAD looks tempting. Hopefully commodity pairs go with euro.

(just cuz someone asked, here was my rationale for last AUDUSD trade, cheers)
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-07-TOS_AUDUSD.png Size: 108 KB
When the facts change I change my mind, what do you do sir
  • #61,907
  • Aug 7, 2013 8:32pm Aug 7, 2013 8:32pm
That's weird... One good one bad, however -10k and unemployment rate is the same.... I hate this conflicting data
Logics do not apply in FOREX
  • #61,908
  • Aug 7, 2013 8:32pm Aug 7, 2013 8:32pm
Quoting bskwak1124
That's weird... One good one bad, however -10k and unemployment rate is the same.... I hate this conflicting data
Yep. How the hell can I play conflicting data
  • #61,909
  • Aug 7, 2013 8:35pm Aug 7, 2013 8:35pm
Quoting edindzeko
{quote} Yep. How the hell can I play conflicting data
I usually sit and watch what will happen next. no trades
  • #61,910
  • Aug 7, 2013 8:35pm Aug 7, 2013 8:35pm
Yea, now what?
  • #61,911
  • Aug 7, 2013 8:36pm Aug 7, 2013 8:36pm
short
The coincidental success is more dangerous than the expected failure
  • #61,912
  • Aug 7, 2013 8:37pm Aug 7, 2013 8:37pm
BUy time.
  • #61,913
  • Aug 7, 2013 8:37pm Aug 7, 2013 8:37pm
Quoting edindzeko
{quote} Yep. How the hell can I play conflicting data
The forecast of 5.8% unemployment rate come out as 5.7% saves the last hope for AU's bullish correction. But if hourly chart closed below 0.89870 then the bull will in trouble, and if the hourly chart closed below 0.89788, bull should consider to close all their trades.
  • #61,914
  • Aug 7, 2013 8:37pm Aug 7, 2013 8:37pm
Quoting Aboutera
Yea, now what?
Sit and watch, this whole week has Ben like this and i lost 6k. So i learn this in hard way. Anything like this, sit or go outside. Since chinese data will be out in an hr or two. That might show us a clear trend
Logics do not apply in FOREX
  • #61,915
  • Aug 7, 2013 8:37pm Aug 7, 2013 8:37pm
AUS_Sep : Mix up as i told you i think AUS wil go down so its good short gain some green pips From Top
  • #61,916
  • Aug 7, 2013 8:40pm Aug 7, 2013 8:40pm
Quoting Yuchen
{quote} The forecast of 5.8% unemployment rate come out as 5.7% saves the last hope for AU's bullish correction. But if hourly chart closed below 0.89870 then the bull will in trouble, and if the hourly chart closed below 0.89788, bull should consider to close all their trades.
Really? After they lost 10.2k jobs? That's a 100% reverse from previous month.
When the facts change I change my mind, what do you do sir
  • #61,917
  • Aug 7, 2013 8:41pm Aug 7, 2013 8:41pm
Quoting Neqrotik
short
Might be where london takes it, but IDK where til then
When the facts change I change my mind, what do you do sir
  • #61,918
  • Aug 7, 2013 8:43pm Aug 7, 2013 8:43pm
Asia works this way sometimes....news hits....and while it may seem like nothing is gonna happen...strong direction cometh
The coincidental success is more dangerous than the expected failure
  • #61,919
  • Aug 7, 2013 8:48pm Aug 7, 2013 8:48pm
Quoting Neqrotik
Asia works this way sometimes....news hits....and while it may seem like nothing is gonna happen...strong direction cometh
I am pretty sure the Asian session was solely created to jack price action up before london/NY
When the facts change I change my mind, what do you do sir
  • #61,920
  • Aug 7, 2013 8:48pm Aug 7, 2013 8:48pm
Quoting Pip Anon
{quote} Really? After they lost 10.2k jobs? That's a 100% reverse from previous month.
I think the unemployment rate is more important than the employment change, AU may plays back and forth between 0.8985 to 0.9035 for a while until other data comes out
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