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AUD/USD

  • #70,781
  • Dec 17, 2013 1:55am Dec 17, 2013 1:55am
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  • #70,782
  • Dec 17, 2013 2:01am Dec 17, 2013 2:01am
Intraday AUD/USD: The minimum upside requirement target at 0.8982 remains elusive, which keeps last Friday's low at 0.8908 vulnerable. The inability to reach 0.8982 on Monday will concern AUD bulls, and a break below 0.8920 would bring the 0.8908 low back into the immediate picture, threatening a downtrend extension to the 2013 base at 0.8848. AUD bulls would have to force a break above 0.9010 to regain some control, but upside risk appears extremely limited.
Dow Jones Newswires
  • #70,783
  • Dec 17, 2013 2:23am Dec 17, 2013 2:23am
Quoting AlbertR
{image}

albert, just asking
1)if many ppl open for long, why u said that bad for buying ? can explain ?

i am new and would like to learn from u bro ! i saw alot ur posts
  • #70,784
  • Dec 17, 2013 2:34am Dec 17, 2013 2:34am
Quoting waifong
{quote} albert, just asking 1)if many ppl open for long, why u said that bad for buying ? can explain ? i am new and would like to learn from u bro ! i saw alot ur posts
Albert shown you the retail position, means people like us. We are small fish, food for the sharks. Do you think sharks will prefer to go to a more fertile water or deserted water?
The true fact is market doesn't care, risk mgt is important.
  • #70,785
  • Dec 17, 2013 2:37am Dec 17, 2013 2:37am
Quoting waifong
{quote} albert, just asking 1)if many ppl open for long, why u said that bad for buying ? can explain ? i am new and would like to learn from u bro ! i saw alot ur posts
because someone has to lose. money is limited. who milked? those who are in the majority. you understand me? my english is bad.
  • #70,786
  • Edited 11:11am Dec 17, 2013 2:55am | Edited 11:11am
Good Morning !
Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY
S&P 500
GOLD

http://www.forexfactory.com/showthre...38#post7160638
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #70,787
  • Dec 17, 2013 3:00am Dec 17, 2013 3:00am
Quoting waifong
{quote} albert, just asking 1)if many ppl open for long, why u said that bad for buying ? can explain ? i am new and would like to learn from u bro ! i saw alot ur posts
The forex open position ratios are considered as a CONTRARIAN INDiCATOR. In other words you should trade directly OPPOSITE to the ratios.
EG: Aud/Usd 67% long to 33% short. GO SHORT.
http://fxtrade.oanda.co.uk/analysis/...osition-ratios
Money Makes Money
  • #70,788
  • Dec 17, 2013 3:03am Dec 17, 2013 3:03am
U wouldn't want to long this pair ahead of Glen Stevens speech
  • #70,789
  • Dec 17, 2013 3:16am Dec 17, 2013 3:16am
Quoting KiwiOz
{quote} The forex open position ratios are considered as a CONTRARIAN INDiCATOR. In other words you should trade directly OPPOSITE to the ratios. EG: Aud/Usd 67% long to 33% short. GO SHORT. http://fxtrade.oanda.co.uk/analysis/...osition-ratios
this ratio always looks same , now all depends on fed wether they taper or not
direction for rest of week will be decided tomorrow.
no taper can save AU
  • #70,790
  • Dec 17, 2013 3:17am Dec 17, 2013 3:17am
Attached File(s)
File Type: tpl audusd 17.12.2013.tpl   5 KB | 186 downloads
  • #70,791
  • Dec 17, 2013 3:18am Dec 17, 2013 3:18am
Hello Guys,

What do you think about AU ? Going down further or time for a reversal ?

Closed some of my short positions. Gonna hold the rest
Attached Image (click to enlarge)
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  • #70,792
  • Dec 17, 2013 3:23am Dec 17, 2013 3:23am
Quoting robertrfx
Hello Guys, What do you think about AU ? Going down further or time for a reversal ? Closed some of my short positions. Gonna hold the rest {image}
continue down trend i think
  • #70,793
  • Dec 17, 2013 3:31am Dec 17, 2013 3:31am
possible little bonce - 0.9020 and then strong down below 0.8900. so - strong sell.
  • #70,794
  • Dec 17, 2013 3:33am Dec 17, 2013 3:33am
Quoting lasty
{quote} Here lies their problem. Australia is a service based industry so a exchange rate impact has little effect. Tourism is expensive compared to the Asian destinations. Our manufacturing is shot to pieces because of high wages and gone overseas. Depreciating currency will make imported goods expensive including fuel and will cripple the retailers. If the RBA think 85 cents will bring back an economic boom here they need head examined. In fact a lower Aussie will create a housing bubble as Asian buyers scoop up more property.
ya postulate is on point and to be considered,but the thing is;if Australia is still exporting any quantity of gold and the buyers are paying for it in Us dollars,then it does make sense if Australia will like those US dollars to mean more when converted to Australian dollars...they stated their reason for desiring a weaker aussie,which is to propel growth.it stands therefore to reason that they know where they are headed and it seems this is a leading indicator revealing that Stevens speech in the coming couple of hours will likely remain or lean more to the dovish side of life...and if i am anywhere near right in my thinking,then that will be smacking the aussie toward the south,in the near term at least
  • #70,795
  • Dec 17, 2013 3:56am Dec 17, 2013 3:56am
Quoting lasty
{quote} Tourism is expensive compared to the Asian destinations.
FALSE
  • #70,796
  • Dec 17, 2013 3:59am Dec 17, 2013 3:59am
Quoting Hotkqash
{quote} ya postulate is on point and to be considered,but the thing is;if Australia is still exporting any quantity of gold and the buyers are paying for it in Us dollars,then it does make sense if Australia will like those US dollars to mean more when converted to Australian dollars...they stated their reason for desiring a weaker aussie,which is to propel growth.it stands therefore to reason that they know where they are headed and it seems this is a leading indicator revealing that Stevens speech in the coming couple of hours will likely remain...

Smack it hard! I hope they sell it to hell. I could finally retire and live off the swaps.
  • #70,797
  • Dec 17, 2013 4:12am Dec 17, 2013 4:12am
Quoting NJaNeer
{quote} Smack it hard! I hope they sell it to hell. I could finally retire and live off the swaps.
it is possible!
  • #70,798
  • Dec 17, 2013 4:25am Dec 17, 2013 4:25am
sell signal
  • #70,799
  • Dec 17, 2013 4:27am Dec 17, 2013 4:27am
Below 0.8888 will confirm the downtrend continuance.........
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Money Makes Money
  • #70,800
  • Dec 17, 2013 4:28am Dec 17, 2013 4:28am
i'm sell , stop 8940
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