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AUD/USD

  • #73,601
  • Mar 3, 2014 9:32pm Mar 3, 2014 9:32pm
AUDUSD running out of puff.
Come on guys, you can do better than that. Get it back up to .9050 to give us all an early Xmas present.
I have no clue what I'm talking about.
  • #73,602
  • Mar 3, 2014 9:33pm Mar 3, 2014 9:33pm
LOL Bastards!!
  • #73,603
  • Mar 3, 2014 9:34pm Mar 3, 2014 9:34pm
comeon move to the next candle bitches
Everything you want lies on the other side of fear.
  • #73,604
  • Mar 3, 2014 9:36pm Mar 3, 2014 9:36pm
Quoting SaiLyfee
{quote} How do you know it wont though?..It might, none of us know unless we're an insider at the RBA.. Statistically speaking from a historical point of view I don't see it as something that couldn't be viable. {image} I guess though, only time will tell. Edit: After looking more into the adjustments historically I do have to say that if an increase did happen, the chances are it would be a +25 basis points change (I.e Increase to 2.75)
could it happen? of course. Will it happen? Very unlikely. Why take a trade where the odds are horribly against you?
Trade what you see, not what you think!
  • #73,605
  • Mar 3, 2014 9:38pm Mar 3, 2014 9:38pm
.88 just a matter of time IMO.
I have no clue what I'm talking about.
  • #73,606
  • Mar 3, 2014 9:39pm Mar 3, 2014 9:39pm
Quoting OMGtrader
{quote} could it happen? of course. Will it happen? Very unlikely. Why take a trade where the odds are horribly against you?
<like button>

not playing aud just yet - too risky
A genius is born every minute, me I am lucky if my socks match.
  • #73,607
  • Mar 3, 2014 9:41pm Mar 3, 2014 9:41pm
Quoting OMGtrader
{quote} could it happen? of course. Will it happen? Very unlikely. Why take a trade where the odds are horribly against you?
To be clear, I would have only entered a trade in AU if there had been a rate change..I don't see how that puts the odds horribly against me?
Infact if anything it actually puts the odds in my favour..
  • #73,608
  • Mar 3, 2014 9:50pm Mar 3, 2014 9:50pm
I just finished my wake up drink <Can of V>, so to paint the picture.. Been looking at the charts and news and doing my homework for the past hour and a bit. Finished my drink and found myself in 3 crazy trades that I would not have entered if I was awake..



so many people watching this thread at the moment.. join in, we don't bite much...
A genius is born every minute, me I am lucky if my socks match.
  • #73,609
  • Mar 3, 2014 9:54pm Mar 3, 2014 9:54pm
still the same tone from the RBA, exchange rate is still too high, growth is slow... yadada. Since they are pinning at the .80 exchange rate, possible they can reach for another 25 basis point cut to reach their goal.
Trade what you see, not what you think!
  • #73,610
  • Mar 3, 2014 9:54pm Mar 3, 2014 9:54pm
Quoting whackdiddy
so many people watching this thread at the moment.. join in, we don't bite much...
LOL
I have no clue what I'm talking about.
  • #73,611
  • Mar 3, 2014 9:55pm Mar 3, 2014 9:55pm
Quoting whackdiddy
I just finished my wake up drink <Can of V>, so to paint the picture.. Been looking at the charts and news and doing my homework for the past hour and a bit. Finished my drink and found myself in 3 crazy trades that I would not have entered if I was awake.. so many people watching this thread at the moment.. join in, we don't bite much...
Just entered 2.5 lots short @0.8915 Come at me bro.
  • #73,612
  • Mar 3, 2014 9:55pm Mar 3, 2014 9:55pm
Quoting OMGtrader
still the same tone from the RBA, exchange rate is still too high, growth is slow... yadada. Since they are pinning at the .80 exchange rate, possible they can reach for another 25 basis point cut to reach their goal.
I don't think they need to. They expect the market to work its magic and I can't see that they have any reason to suspect that it won't.
I have no clue what I'm talking about.
  • #73,613
  • Mar 3, 2014 9:57pm Mar 3, 2014 9:57pm
No rate cut in the near future for the RBA.

In the Board's judgement, monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent course is likely to be a period of stability in interest rates.
  • #73,614
  • Mar 3, 2014 9:59pm Mar 3, 2014 9:59pm
Quoting 50pipsperday
{quote} Just entered 2.5 lots short @0.8915 Come at me bro.
#50pipsperday (# means only you can see it 50pips)
Just quietly so nobody else on the forum reads this...
+4k yesterday was a very good day.

SSM or any other metal traders, can you tell me how to find out who is buying gold?
A genius is born every minute, me I am lucky if my socks match.
  • #73,615
  • Mar 3, 2014 10:07pm Mar 3, 2014 10:07pm
I'd like to lobby OANDA to change the "submit" button on their trade entry window to "come at me bro". That actually would be awesome.
There's always money in the banana stand.
  • #73,616
  • Mar 3, 2014 10:08pm Mar 3, 2014 10:08pm
Short @ .089253 TP 0.88901 (may not get this low, but will ride the wave for a bit) TS @ 55
A genius is born every minute, me I am lucky if my socks match.
  • #73,617
  • Mar 3, 2014 10:13pm Mar 3, 2014 10:13pm
Quoting LizardGizzard
I'd like to lobby OANDA to change the "submit" button on their trade entry window to "come at me bro". That actually would be awesome.
lol..

Question, how many of you use positive correlation and opposing pairs for chart comparison?

So I see a potential entry on AUD/USD, I compare to GBD/USD (not saying I do this all the time but I should.)
Attached Image
A genius is born every minute, me I am lucky if my socks match.
  • #73,618
  • Mar 3, 2014 10:33pm Mar 3, 2014 10:33pm
Hi whackdiddy, yes I also look at correlation/inverse movement.... I've always got USDCAD & USDJPY charts up while I'm watching AUDUSD & AUDJPY respectively... they don't always move in oppostie direction to the aussie pairs, but more often than not they do, and it can be either before the aussie pair moves, which is a good confirmation signal of a potential entry, or after the aussies move, and if it's after it can add/contribute to more momentum to the movement of the aussie pair in question.
I also keep USDCHF & CADJPY up and between the USD & JPY pairs I can often tell if the little aussie battler is going to get tossed on the waves of the big stormy seas of USD or JPY. (pardon the nautical reference!)
We don't see things as they are - we see things as we are.
  • #73,619
  • Mar 3, 2014 10:35pm Mar 3, 2014 10:35pm
PS I just read my post and it looks like I'm a know-it-all, which I'm not.... I reckon the more I trade the less I know about trading!
We don't see things as they are - we see things as we are.
  • #73,620
  • Mar 3, 2014 10:42pm Mar 3, 2014 10:42pm
more like come at me bro(ker)
Shit Happens
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