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AUD/USD

  • #70,861
  • Dec 17, 2013 6:13pm Dec 17, 2013 6:13pm
Have to leave office now. As much as I want to trail this position... and it feels it wants to go higher...

I got flat at 89.20.

Good luck all.
  • #70,862
  • Dec 17, 2013 6:16pm Dec 17, 2013 6:16pm
Quoting 5percent
{quote} concern zone for AUD from my pov as checklist. {image}

plan the trade, trade the plan. There's always opportunities for both side, short-term trend, middle term trend, long term trend.

Divergence, ignition, catalyst, event, retracement, price action.

Don't be mislead by anyone, follow our own rules and trading synergy.

Without risk, there's no gain.

Identified risk, there's a controlled pain.

Trade management -> resolve risk issue.
  • #70,863
  • Dec 17, 2013 6:34pm Dec 17, 2013 6:34pm
Pretty obvious there will be no TAPER, and yet the AUD keeps falling. Base on fckng what? Only God knows
  • #70,864
  • Dec 17, 2013 6:58pm Dec 17, 2013 6:58pm
Quoting thewriter30
Pretty obvious there will be no TAPER, and yet the AUD keeps falling. Base on fckng what? Only God knows
This is call taking out all the buyers.. Stop stop stop before another shoot up
  • #70,865
  • Dec 17, 2013 7:01pm Dec 17, 2013 7:01pm
sell limit 0.8960. be careful
  • #70,866
  • Dec 17, 2013 7:07pm Dec 17, 2013 7:07pm
need test 0.8960-70
  • #70,867
  • Dec 17, 2013 7:10pm Dec 17, 2013 7:10pm
0.8914 - day middle pivot for bulls or bears. be careful???. today hard. so - NO LONG BELOW 0.8914! BELOW 0.8914 BUY VERY VERY DANGER!
  • #70,868
  • Dec 17, 2013 7:47pm Dec 17, 2013 7:47pm
Quoting thewriter30
Pretty obvious there will be no TAPER, and yet the AUD keeps falling. Base on fckng what? Only God knows
Who mentioned that there will be no taper? The most recent polls show that taper possibility is 60%. But to what extend?

Kathy Lien gave a good scenario of tapering in her website. Good read.

http://www.bkassetmanagement.com/fea...cenarios_6088/
The true fact is market doesn't care, risk mgt is important.
  • #70,869
  • Dec 17, 2013 7:56pm Dec 17, 2013 7:56pm
in any case - place limit orders to sell at key levels. Use any bounce to sell.
  • #70,870
  • Dec 17, 2013 8:04pm Dec 17, 2013 8:04pm
buy signal. I will try to buy. stop - 0.8914. target - 0.8968
  • #70,871
  • Edited 9:05pm Dec 17, 2013 8:47pm | Edited 9:05pm
Quoting Ssm
{quote} Who mentioned that there will be no taper? The most recent polls show that taper possibility is 60%. But to what extend? Kathy Lien gave a good scenario of tapering in her website. Good read. http://www.bkassetmanagement.com/fea...cenarios_6088/
Hi

Interesting, just read it.

From what I am reading in general, it seems anyway the TAPER chance to be a small chance...where have you seen 60%? anyway, AUD wise, there is only one more reason to sell, given that all other reasons have failed (we are out of MEETINGS and news!) and yet it's hovering the same bloody price as per Monday...so a real taper would make the AUD fall right? but that's the lowest possible scenario...
To me a mild taper which is also a low possibility will take it to 88 and then a rebound from there on...but ... maybe i am missing something
Like someone said here in the forum, what can the RBA really do with 8.8 billion against 350?


QUESTION: What is the best way to trade this news? do you guys listen to bloomberg TV or alike, or just watch PA?

NB: Interesting also this quote: Sort of an answer to my question from the last 3 days: The slide in AUD/USD was driven mostly by demand for NZD vs. AUD.
Never thought of this.... i guess this is an economist game
  • #70,872
  • Dec 17, 2013 9:25pm Dec 17, 2013 9:25pm
Quoting thewriter30
{quote} Hi Interesting, just read it. From what I am reading in general, it seems anyway the TAPER chance to be a small chance...where have you seen 60%? anyway, AUD wise, there is only one more reason to sell, given that all other reasons have failed (we are out of MEETINGS and news!) and yet it's hovering the same bloody price as per Monday...so a real taper would make the AUD fall right? but that's the lowest possible scenario... To me a mild taper which is also a low possibility will take it to 88 and then a rebound from there on...but ... maybe...
Here you go. Tapering chance at 60%.

http://www.marketwatch.com/story/el-...MW_latest_news
The true fact is market doesn't care, risk mgt is important.
  • #70,873
  • Dec 17, 2013 9:33pm Dec 17, 2013 9:33pm
Quoting Ssm
{quote} Here you go. Tapering chance at 60%. http://www.marketwatch.com/story/el-...MW_latest_news
Another link my friend from other forum. Looks like the possibility of tapering is very high.

http://stocktwits.com/message/18259822
The true fact is market doesn't care, risk mgt is important.
  • #70,874
  • Dec 17, 2013 9:39pm Dec 17, 2013 9:39pm
If QE helps US economy, is Fed willing to start tapering process when US economy just back to recovery stage?

Does tapering mean commodity price collapse?

Does tapering mean US and world economy significantly turn better? If economy turns better, commodity price will start down trend?


Anyway, I keep buying AUD under 0.90 until GFC II comes.
  • #70,875
  • Dec 17, 2013 10:01pm Dec 17, 2013 10:01pm
Kiwi looking suss here @ .8255 AUD/NZD cross may go north 1.0840 cud be tested later on
  • #70,876
  • Dec 17, 2013 10:19pm Dec 17, 2013 10:19pm
Quoting Orientxpress
{quote} What I do know is that -Aud coming into support -Aud reached it's full extension from the highs -Aud headline news comes out in a day I also know that I planned on taking this trade 3 days ago. I also know that b/c it's not going to be perfect, not the best setup / scenario, so i have to reduce my size I also know that it's likely traders will reposition before news, which creates slightly more volatility. I also know I will close out my position before announcement, so this is a intraday opportunity. most of all... i know my risk, and i'm...
Ok thanks i wasnt tryint to be smart or anything, i was curious to know if it was because it was a thriple bottom set-up thats all.
  • #70,877
  • Dec 17, 2013 10:48pm Dec 17, 2013 10:48pm
Quoting Ssm
{quote} Who mentioned that there will be no taper? The most recent polls show that taper possibility is 60%. But to what extend? Kathy Lien gave a good scenario of tapering in her website. Good read. http://www.bkassetmanagement.com/fea...cenarios_6088/
I'm not making a prediction here, but here's just something to think about...

The last time round just about every economist and their grandmother expected a taper, and what happened?
  • #70,878
  • Dec 17, 2013 11:10pm Dec 17, 2013 11:10pm
Quoting JollyBean
{quote} I'm not making a prediction here, but here's just something to think about... The last time round just about every economist and their grandmother expected a taper, and what happened?
Forget about taper, plan your trade without taper before FOMC.
You cannot learn better without losing
  • #70,879
  • Dec 17, 2013 11:20pm Dec 17, 2013 11:20pm
Good Morning !
Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY
USDJPY

http://www.forexfactory.com/showthre...45#post7162745
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #70,880
  • Dec 17, 2013 11:31pm Dec 17, 2013 11:31pm
Quoting AlbertR
buy signal. I will try to buy. stop - 0.8914. target - 0.8968
Did you get stopped?
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