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Joined Sep 2007
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Status: Forex God
|1,492 Posts
Don't put too much weight into what the RBA says regarding what it wants. They have expressed their wishes in the past, but didn't actually do anything to intervene and make it so. I think the AUD value dropping has more to do with the new government than the RBA. And even more so, to do with USA and China. It appears Tony Abbott is to Barack Obama as Bill Clinton is to John Howard. By that I mean, a lot of people first elected Obama because they took a chance on him being either another Bill Clinton or Jimmy Carter. They hoped for Bill, and unfortunately got Jimmy. Gillard and Rudd were disasters and it looks like the Australians voted in Abbott hoping for Howard, and got a turkey instead. To be fair to Abbott, he's catching a lot of shit and he hasn't even been in office for six months, and a lot of what he's dealing with is the aftermath of Labor's stupidity, but so far, he's looking like a fool. I never understood why they booted Howard and elected that idiot Rudd. Sadistic. But anyway, outside of Abbott, China and the USA are primary factors. The RBA is very passive, very conservative. I'm still on the fence on the AUD, but I'm starting to lean toward the AUD going in the toilet. Maybe in a few years we'll see .55 again.
Come on guys! Let's take this pair to the moon! I want to see a lot more longs in the trade aggregator on ForexFactory. And you can earn daily interest on your position. Pretty sweet deal.
Come on guys! Let's take this pair to the moon! I want to see a lot more longs in the trade aggregator on ForexFactory. And you can earn daily interest on your position. Pretty sweet deal.
Ignored
not going to happen, there's a little debt to settle on AUD/JPY at lower levels, which is 3 months due, dont expect AUD/USD to start raising its head
{quote} not going to happen, there's a little debt to settle on AUD/JPY at lower levels, which is 3 months due, dont expect AUD/USD to start raising its head
Ignored
I have a score to settle with AUD/USD and AUD/JPY. I have a net loss on both of these.
I have long on this one having .88000 trade, any chance it will return to that level, i know every indicator seems like bearish, but I'm hoping for a last fading before down hell, shall i wait or just accept my 27 pip lose or so and move on before it become tragedy.
I have long on this one having .88000 trade, any chance it will return to that level, i know every indicator seems like bearish, but I'm hoping for a last fading before down hell, shall i wait or just accept my 27 pip lose or so and move on before it become tragedy.
Ignored
hail Mary hoping only leads to disasters. Those are the most basic principles in trading.
{quote} I have a score to settle with AUD/USD and AUD/JPY. I have a net loss on both of these.
Ignored
What exactly are you expecting to gain from a "score to settle"? First of off, you have a position in Aud/Usd & Aud/Jpy, meaning you are doubling your exposure (risk) that is a no-no in risk management. Unless you are buying billions of $Aus, you won't influence the markets. Accept your losses and move on before you are in ruins.
{quote} What exactly are you expecting to gain from a "score to settle"? First of off, you have a position in Aud/Usd & Aud/Jpy, meaning you are doubling your exposure (risk) that is a no-no in risk management. Unless you are buying billions of $Aus, you won't influence the markets. Accept your losses and move on before you are in ruins.
Ignored
I don't have any positions in either. I guess my sarcastic tone didn't come across very well. Having said that, I still have a score to settle with those two pairs. I will get my money back from them at some point.
