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AUD/USD

  • #81,241
  • Jun 30, 2014 9:04pm Jun 30, 2014 9:04pm
Quoting nealpek
Rocky, the yellowline .9368 to the dotted green line at.9390 looks to me like accumulation, what do you think? its retesting the high from 2 days ago..
It might be, but looking at the Market Profile we would see a lot of contracts being traded (High Volume). If you look to the left there's not
that many contracts being traded. I think because of the low amount of volume we are just looking at uncertainty in the market. Look at my chart on Post 81185. There's a better shot of the profile.
  • #81,242
  • Jun 30, 2014 9:05pm Jun 30, 2014 9:05pm


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  • #81,243
  • Jun 30, 2014 9:06pm Jun 30, 2014 9:06pm
Quoting rocky
{quote} It might be, but looking at the Market Profile we would see a lot of contracts being traded (High Volume). If you look to the left there's not that many contracts being traded. I think because of the low amount of volume we are just looking at uncertainty in the market.
you could be right, i think i'll keep this one at BE, lol
  • #81,244
  • Jun 30, 2014 9:28pm Jun 30, 2014 9:28pm
Exciting

Where are all the gurus

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  • #81,245
  • Jun 30, 2014 9:35pm Jun 30, 2014 9:35pm
Quoting Ken A
Exciting Where are all the gurus {image}
Lurking I'm sure
Ghost Rider - WWTBMD?
  • #81,246
  • Jun 30, 2014 9:37pm Jun 30, 2014 9:37pm
Quoting albchr
{quote} Lurking I'm sure
Who killed the gurus
  • #81,247
  • Jun 30, 2014 9:37pm Jun 30, 2014 9:37pm
Quoting Ken A
Exciting Where are all the gurus {image}

Hmmmmmmm, im selling
  • #81,248
  • Jun 30, 2014 9:40pm Jun 30, 2014 9:40pm
Quoting Ken A
{quote} Who killed the gurus
Ummmm.....Longs?
Ghost Rider - WWTBMD?
  • #81,249
  • Jun 30, 2014 9:44pm Jun 30, 2014 9:44pm
Quoting albchr
{quote} Ummmm.....Longs?
I am doing nothing already closed 60% of the fresh long. Will wait for the statement, I expect it to be dovish looking at price movement from past months. 10 mins before the rate and statement will have clear picture what the money will do.

Looks like the comfort zone is .920x - .945x
  • #81,250
  • Jun 30, 2014 9:50pm Jun 30, 2014 9:50pm
Quoting Ken A
{quote} I am doing nothing already closed 60% of the fresh long. Will wait for the statement, I expect it to be dovish looking at price movement from past months. 10 mins before the rate and statement will have clear picture what the money will do. Looks like the comfort zone is .920x - .945x
Same here really. Closed one, two covered and just seeing if the stops gets hit. I don't know If I can stay awake for the statement. From 3am makes a long day.
Ghost Rider - WWTBMD?
  • #81,251
  • Jun 30, 2014 9:52pm Jun 30, 2014 9:52pm
Quoting albchr
{quote} Same here really. Closed one, two covered and just seeing if the stops gets hit. I don't know If I can stay awake for the statement. From 3am makes a long day.
what's a couple more hours?
"Holy Grail" exists - accepting where is the first step.
  • #81,252
  • Jun 30, 2014 9:55pm Jun 30, 2014 9:55pm
Quoting VaBikePacker
{quote} what's a couple more hours?
LOL....the only couple hours sleep I get. Not much...you're right
Ghost Rider - WWTBMD?
  • #81,253
  • Jun 30, 2014 9:56pm Jun 30, 2014 9:56pm
Quoting Ken A
{quote} I am doing nothing already closed 60% of the fresh long. Will wait for the statement, I expect it to be dovish looking at price movement from past months. 10 mins before the rate and statement will have clear picture what the money will do. Looks like the comfort zone is .920x - .945x
I don't think it'll be dovish bruh. Gold is heating up and I am sure RBA knows this. AUD/USD is on my radar and after tonight it may be one of my main focal pairs. I think they'll stay neutral for now but that will be perceived as hawkish.
  • #81,254
  • Jun 30, 2014 10:02pm Jun 30, 2014 10:02pm
Quoting albchr
{quote} LOL....the only couple hours sleep I get. Not much...you're right
Comon' driver...just a few more miles
"Holy Grail" exists - accepting where is the first step.
  • #81,255
  • Edited 10:50pm Jun 30, 2014 10:15pm | Edited 10:50pm
Quoting Fx3422271
{quote} I don't think it'll be dovish bruh. Gold is heating up and I am sure RBA knows this. AUD/USD is on my radar and after tonight it may be one of my main focal pairs. I think they'll stay neutral for now but that will be perceived as hawkish.
Iron Ore has remained low. There is a massive over-supply there.

Also, remember the November 13 statement? This was when Glenn Stevens dropped the "uncomfortably high" bombshell. We were at 0.95 at the time.

This is the closest we have come to that level in 8 months (on the day of statement release that is). Soon he may be looking to jawbone the aussie down again. Perhaps an outside chance today.

Quote
The Australian dollar, while below its level earlier in the year, is still uncomfortably high. A lower level of the exchange rate is likely to be needed to achieve balanced growth in the economy.
  • #81,256
  • Jun 30, 2014 10:42pm Jun 30, 2014 10:42pm
With numerous failed attempt to break .9440-.9450 level, this pair looks as if the upward momentum is weakening.
Fundamentally, commodities and metal prices remains weak.

Just my thoughts.
The true fact is market doesn't care, risk mgt is important.
  • #81,257
  • Jun 30, 2014 10:46pm Jun 30, 2014 10:46pm
AU to 95 eh?
  • #81,258
  • Jun 30, 2014 10:48pm Jun 30, 2014 10:48pm
Jawboning today Bomb..
  • #81,259
  • Jun 30, 2014 10:51pm Jun 30, 2014 10:51pm
One of you must be Stevens in disguise hehe

Be nice .........

None of what is said and done here will have 1 pip impact
  • #81,260
  • Jun 30, 2014 10:51pm Jun 30, 2014 10:51pm
Quoting Ssm
With numerous failed attempt to break .9440-.9450 level, this pair looks as if the upward momentum is weakening. Fundamentally, commodities and metal prices remains weak. Just my thoughts.
Commodities are on the rise my friend and the RBA will probably have to hike rates in the months ahead just to keep things under control.
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