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AUD/USD

  • #70,481
  • Dec 11, 2013 7:03pm Dec 11, 2013 7:03pm
they hit my stop loss 0.9028....

583USD gone... OMG....

All the profit along 2 months been gone......T_T
  • #70,482
  • Dec 11, 2013 7:03pm Dec 11, 2013 7:03pm
tomorrow YEN will come crashing down YEN crosses, gl everyone, time to sleep
  • #70,483
  • Dec 11, 2013 7:08pm Dec 11, 2013 7:08pm
Quoting waifong
they hit my stop loss 0.9028.... 583USD gone... OMG.... All the profit along 2 months been gone......T_T
sorry for your loss but it's your fault , go read some articles about proper money management, hope you recover from this asap !
Get Rich or Die Tryin
  • #70,484
  • Dec 11, 2013 7:14pm Dec 11, 2013 7:14pm
Quoting Ulterior
tomorrow YEN will come crashing down YEN crosses, gl everyone, time to sleep
Hello

Why whats is happening tomorrow

that the YEN pairs will all crash

Shall close I all my profitable longs just in case
  • #70,485
  • Dec 11, 2013 7:18pm Dec 11, 2013 7:18pm
Quoting eliteincome
{quote} Hello Why whats is happening tomorrow that the YEN pairs will all crash Shall close I all my profitable longs just in case
if you didnt yet, with todays 150 pip drops - you are ... well, bye
  • #70,486
  • Dec 11, 2013 7:18pm Dec 11, 2013 7:18pm
Because he checked his 9 ball...fortune teller ball...lol
  • #70,487
  • Dec 11, 2013 7:31pm Dec 11, 2013 7:31pm
Quoting waifong
they hit my stop loss 0.9028.... 583USD gone... OMG.... All the profit along 2 months been gone......T_T
woah dude..... Looks like someone is using too much leverage....
Trade what you see, not what you think!
  • #70,488
  • Dec 11, 2013 7:46pm Dec 11, 2013 7:46pm
Quoting OMGtrader
{quote} woah dude..... Looks like someone is using too much leverage....
if he only lost the profit, then it is ok
  • #70,489
  • Dec 11, 2013 7:48pm Dec 11, 2013 7:48pm
Quoting KiwiOz
{quote} Pullbacks, retracements aside. Ozzie will eventually fall to sub 0.80s.
What does sub 0.80s mean? Mid 80's? Like 85 plus or minus a few? Never heard the term. Thanks.
Faith ends where worry begins, and worry ends where faith begins.
  • #70,490
  • Dec 11, 2013 8:06pm Dec 11, 2013 8:06pm
Quoting forexvegan
{quote} What does sub 0.80s mean? Mid 80's? Like 85 plus or minus a few? Never heard the term. Thanks.
sub is a prefix meaning below. For example, subterranean (underground) or submarine (under water). So in this case below 80.
  • #70,491
  • Dec 11, 2013 8:09pm Dec 11, 2013 8:09pm
I am long here. SL .9000
The coincidental success is more dangerous than the expected failure
  • #70,492
  • Dec 11, 2013 8:18pm Dec 11, 2013 8:18pm
Quoting Ulterior
0.89 is a must reach level
You short? whats your position size and timeframe.
The coincidental success is more dangerous than the expected failure
  • #70,493
  • Dec 11, 2013 9:24pm Dec 11, 2013 9:24pm
Long here for a couple reasons.

1. 10Yields at any level above 3% with the U.S Economy in this condition is detrimental to intended policy effect. I am not stating my opinion as to whether I believe as to the efficacy of the policy or not. However the prevailing view amongst working class American's warrants a continuation of low rates for time to come. Fund managers in their ivory towers are clueless as to what it really feels like out there. Oh, and household debt, yeah, its still there. I know mine is and I have a 4 year degree from a top program.

2. .9000 is a significant level of support.RBA Rate decision as of late has remained unchanged and China is still posting good numbers which is a good thing for the AU Economy. I don't give a damn about whether China fudges their sh^t or whether someone tells you that they are and you are supposed to believe it. Bottom line is any economy that can grow at multiples of what the other majors are growing holding their assets is good and shorting it is an expensive proposition on a relative basis. This supports the AU economy or any other economy that is highly leveraged to the China story.

3. AU is trading at the bottom of geometric pattern on the weekly/daily, 10UST is trading at the top of a downward channel, and USD is trading in a downward direction. ** I am of the opinion that no taper will come. It just doesn't make simple sense that given the current pace of easing it would be constructive to stop QE when data is edging toward a consistent direction when that is PRECISELY what the Fed is dependent on as a precursor to seeing the fulfillment of their original agenda when they set this thing off.

I can go on and on about how Yellen was a great candidate to ensure the continuation of current policy direction. But long story short this kind of data we just saw as of the last two weeks (assuming the positive trend read is correct) is exactly the kind of data that will ensure the fed maintains its credibility and that it fulfills its dual mandate as well if the good data stays course. Go figure.
The coincidental success is more dangerous than the expected failure
  • #70,494
  • Dec 11, 2013 9:40pm Dec 11, 2013 9:40pm
Quoting Neqrotik
Long here for a couple reasons. 1. 10Yields at any level above 3% with the U.S Economy in this condition is detrimental to intended policy effect. I am not stating my opinion as to whether I believe as to the efficacy of the policy or not. However the prevailing view amongst working class American's warrants a continuation of low rates for time to come. Fund managers in their ivory towers are clueless as to what it really feels like out there. Oh, and household debt, yeah, its still there. I know mine is and I have a 4 year degree from a top program....



Given everything you just said, you would think someone with your view would be long NZD and not AUD. This thing gets killed on every rally because the market can see its trending lower at this point and the RBA wants it that way. At least if you were long NZD you wouldnt be fighting a dovish central bank
Twitter: @TrendersGame
  • #70,495
  • Dec 11, 2013 10:14pm Dec 11, 2013 10:14pm
Quoting Neqrotik
Long here for a couple reasons.....
I agree with you my friend, but ultimately, RBA wants a lower level..... what can you say about it? Nevertheless, view will change only if RBA remove the 1 liner in their statement, otherwise, all or any slight rallies will be shot down immediately. We have seen this happening many times for the past weeks. The fact that .906 important line was broken explained it.
The true fact is market doesn't care, risk mgt is important.
  • #70,496
  • Dec 11, 2013 10:33pm Dec 11, 2013 10:33pm
Quoting Neqrotik
Long here for a couple reasons. 1. 10Yields at any level above 3% with the U.S Economy in this condition is detrimental to intended policy effect. I am not stating my opinion as to whether I believe as to the efficacy of the policy or not. However the prevailing view amongst working class American's warrants a continuation of low rates for time to come. Fund managers in their ivory towers are clueless as to what it really feels like out there. Oh, and household debt, yeah, its still there. I know mine is and I have a 4 year degree from a top program....

Your reasoning is sound, however I would like to add the FED is not going to taper because the stock market will correct 10-20%. Not a good idea to play scrooge before Christmas and go into the new year on a negative note, not to mention the transition of Yellen. Just because the budget got stretched out is no reason to think the FED will taper. Honestly, someone started the rumour that taper is back on the table just to bring several currencies down and capitalize on the capitulation to follow. I saw this movie a few months back, I am going long here with a hard stop sell to cover perception and insure margin...
  • #70,497
  • Dec 11, 2013 11:01pm Dec 11, 2013 11:01pm
the price has been countering the news lately
*sigh*
  • #70,498
  • Dec 11, 2013 11:18pm Dec 11, 2013 11:18pm
Quoting JeremyWS
On monday the 12th of Dec 1983, the AUD became free floating, 30 years later, it is still the same (-0.7%)
... yes, that's exactly three decades ... and it just may seems that aussie hasn't done much over that period of time (as it is now again almost at the same price level as when it started to be traded openly) ... and in recent years it also become much more popular among traders / speculators
Attached Image (click to enlarge)
Click to Enlarge Name: AUD USD.jpg Size: 91 KB

... however, it was quite a roller-coaster ride ... where many made a lot and others lost a lot ...
So, now ... a million dollar question is: ‘quo vadis’ aussie??? … 0.90 -- 0.50 or 0.90 -- 1.30 ... (that's 0.4 either way) … somehow a second option seems to be more probable.
But, that of course doesn't mean that I'm long right now nor short either (as my long term short just got stopped out two days ago, after full month in the market ... ... ... I don't complain either)
  • #70,499
  • Dec 12, 2013 1:32am Dec 12, 2013 1:32am
Good Morning!
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http://www.forexfactory.com/showthre...71#post7151871
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #70,500
  • Dec 12, 2013 1:39am Dec 12, 2013 1:39am
Bullish
Pecuniae obediunt omnia
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