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AUD/USD

  • #62,701
  • Aug 21, 2013 8:05pm Aug 21, 2013 8:05pm
Not sure how many would agree but I'm adding to my long positions here. I do think we saw the bottom at 88.47
TP 1 97.50
TP 2 102.50

China Manufacturing to increase, new fed gov't to bring less taxation & commodity price increases among the reasons why
  • #62,702
  • Aug 21, 2013 8:06pm Aug 21, 2013 8:06pm
Interesting
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  • #62,703
  • Aug 21, 2013 8:14pm Aug 21, 2013 8:14pm
Quoting HelloOz
Interesting {image} {image}
Pardon me but what does it means?
The true fact is market doesn't care, risk mgt is important.
  • #62,704
  • Aug 21, 2013 8:16pm Aug 21, 2013 8:16pm
Quoting HelloOz
Interesting {image} {image}

Aye. Pretty interesting.
The coincidental success is more dangerous than the expected failure
  • #62,705
  • Aug 21, 2013 8:18pm Aug 21, 2013 8:18pm
Quoting Ssm
{quote} Pardon me but what does it means?
Taken from goggle search:

Bond yield reflects the borrowing cost of a particular country.
Typically, if a country is not doing well, it will need to raise its bond yield higher to attract investors.
In short, a higher bond yield means the currency is likely to weaken and a lower bond yield means the currency is likely to strengthen.
The true fact is market doesn't care, risk mgt is important.
  • #62,706
  • Aug 21, 2013 8:20pm Aug 21, 2013 8:20pm
Quoting Ssm
{quote} Taken from goggle search: Bond yield reflects the borrowing cost of a particular country. Typically, if a country is not doing well, it will need to raise its bond yield higher to attract investors. In short, a higher bond yield means the currency is likely to weaken and a lower bond yield means the currency is likely to strengthen.
Did you just post a question and answer your own question in a separate post?
The coincidental success is more dangerous than the expected failure
  • #62,707
  • Aug 21, 2013 8:22pm Aug 21, 2013 8:22pm
Quoting Neqrotik
{quote} Did you just post a question and answer your own question in a separate post?
Apologies yes, I posted the question but decided to google search the answer myself. However, not sure if the implication is correct.
The true fact is market doesn't care, risk mgt is important.
  • #62,708
  • Aug 21, 2013 8:35pm Aug 21, 2013 8:35pm
Quoting Ssm
{quote} Taken from goggle search: Bond yield reflects the borrowing cost of a particular country. Typically, if a country is not doing well, it will need to raise its bond yield higher to attract investors. In short, a higher bond yield means the currency is likely to weaken and a lower bond yield means the currency is likely to strengthen.
http://finance.zacks.com/bond-yields...cies-6176.html
Bond yields differentials usually move in tandem with currency pairs. This phenomenon occurs because capital flows are attracted to higher yielding currencies. As the rate of one currency increases relative to another, investors are attracted to the higher yielding currency. Additionally, the cost of owning the lower yielding currency increase as the bond yield differential moves in favor of the currency that is sold. For example, the cost to owning the Yen and selling the dollar will increase as US bond yields increase relative to Japanese bond yields.
  • #62,709
  • Aug 21, 2013 8:47pm Aug 21, 2013 8:47pm
Staying long here.
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The coincidental success is more dangerous than the expected failure
  • #62,710
  • Aug 21, 2013 8:49pm Aug 21, 2013 8:49pm
Quoting Neqrotik
Staying long here. {image}
good eye.. thanks for sharing this chart
  • #62,711
  • Aug 21, 2013 8:50pm Aug 21, 2013 8:50pm
Workin for that "V" for Vendetta on an underwater trade xD
The coincidental success is more dangerous than the expected failure
  • #62,712
  • Aug 21, 2013 8:51pm Aug 21, 2013 8:51pm
Positive Chinese data, but rally stop at .90 level. Seems bears are positioning themselves at that level or above.
The true fact is market doesn't care, risk mgt is important.
  • #62,713
  • Aug 21, 2013 9:01pm Aug 21, 2013 9:01pm
Quoting Neqrotik
Workin for that "V" for Vendetta on an underwater trade xD
you should be working for +ve income..
V is useless.. will not give you +10% profit or reduce losses by 50%..
and market does not care if you have 0 "V" or 100 "V"s.. if you on the wrong side, your money is gone..
  • #62,714
  • Aug 21, 2013 9:25pm Aug 21, 2013 9:25pm
Hovering at 0.898, seems like it doesn't know where to go.... However, no Aus data until next week monday, other than US data, just open 3 long position 0.899 tp at 0.91
Logics do not apply in FOREX
  • #62,715
  • Aug 21, 2013 9:26pm Aug 21, 2013 9:26pm
Just joking man. lol
The coincidental success is more dangerous than the expected failure
  • #62,716
  • Aug 21, 2013 9:27pm Aug 21, 2013 9:27pm
Quoting bskwak1124
Hovering at 0.898, seems like it doesn't know where to go.... However, no Aus data until next week monday, other than US data, just open 3 long position 0.899 tp at 0.91
Not a bad strategy...with no news the Aussie seems to drift upward.
  • #62,717
  • Aug 21, 2013 9:28pm Aug 21, 2013 9:28pm
Yea I also went long AUD because better than expected data which was on the other side of the "50" and Oanda people are Long also...;-)
  • #62,718
  • Aug 21, 2013 9:29pm Aug 21, 2013 9:29pm
Quoting bskwak1124
Hovering at 0.898, seems like it doesn't know where to go.... However, no Aus data until next week monday, other than US data, just open 3 long position 0.899 tp at 0.91

I am short. I think bears are standing on 0.9000, probably lower. But it hasn't been my week, so.
  • #62,719
  • Aug 21, 2013 9:30pm Aug 21, 2013 9:30pm
below are taken from FMG results presentation..
just sharing
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  • #62,720
  • Aug 21, 2013 9:34pm Aug 21, 2013 9:34pm
Quoting yaphets
{quote} why do i have to wait 50-100pips since i expect it to go up
For the reason it dropped 50 more pips tonight.............
The More You Learn, The More You Earn.....
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