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AUD/USD

  • #81,301
  • Jul 1, 2014 12:17am Jul 1, 2014 12:17am
Quoting Ken A
The keyword "signs of house price growth" junkies
I saw that too Ken and I remember reading it in a previous release too.


Quoting nealpek
{quote} can you please translate that into'english'...for a really dumb person...or did u mean songs in the key of life...stevie boy
From a fundie newbs pov I take it to mean the housing industry is growing which is a spin off of a few factors such as the building industry and employment.
As the lights go by so too do the shadows move
  • #81,302
  • Jul 1, 2014 12:17am Jul 1, 2014 12:17am
Quoting nealpek
I'm going to have to start a new thread called:Fundamentals for idiots, i'll be the President...lol
Not if you were shorting 1.05+ on the fundies
  • #81,303
  • Jul 1, 2014 12:19am Jul 1, 2014 12:19am
Quoting Ck87
Tick tock till the break out and the shorts are squealing like little piggies
lol 35 pip move and longs get excited. they have been butchered so many times in past 1 year that they rejoice on 30-50 pip rallies.
  • #81,304
  • Jul 1, 2014 12:20am Jul 1, 2014 12:20am
Quoting giveachance
{quote} lol 35 pip move and longs get excited. they have been butchered so many times in past 1 year that they rejoice on 30-50 pip rallies.

I've been bearish on AU for over a year…… but sometimes you gotta go long
  • #81,305
  • Jul 1, 2014 12:21am Jul 1, 2014 12:21am
Quoting giveachance
{quote} lol 35 pip move and longs get excited. they have been butchered so many times in past 1 year that they rejoice on 30-50 pip rallies.
Considering it just broke out of a 12 day range, it is something to get excited about
As the lights go by so too do the shadows move
  • #81,306
  • Jul 1, 2014 12:23am Jul 1, 2014 12:23am
if 0.9460 taken, aud can't be stopped.... we might see 0.97 area again.
  • #81,307
  • Jul 1, 2014 12:23am Jul 1, 2014 12:23am
Quoting Matts Micro
{quote} Considering it just broke out of a 12 day range, it is something to get excited about
10 pips or so away from new 2014 highs….
  • #81,308
  • Jul 1, 2014 12:23am Jul 1, 2014 12:23am
Quoting Matts Micro
{quote} Considering it just broke out of a 12 day range, it is something to get excited about
And possibly about to make a 2 month high.... etc etc
As the lights go by so too do the shadows move
  • #81,309
  • Jul 1, 2014 12:25am Jul 1, 2014 12:25am
Quoting Ck87
{quote} 10 pips or so away from new 2014 highs….
Yah that's a truer statement.
As the lights go by so too do the shadows move
  • #81,310
  • Jul 1, 2014 12:25am Jul 1, 2014 12:25am
Quoting Matts Micro
{quote} I saw that too Ken and I remember reading it in a previous release too. {quote} From a fundie newbs pov I take it to mean the housing industry is growing which is a spin off of a few factors such as the building industry and employment.
based on the fact that i'm fundamentally retarded, i assume that's good news. based on my long position, it appears that way...
this is why i don't care about news, couldn't care less what the news is, and don't trade on it.
the chart said trade, so i did... we're only about 45 pips from my preferred exit, my predetermined supply zone from previous post,
gotta stick it out...
  • #81,311
  • Jul 1, 2014 12:25am Jul 1, 2014 12:25am
Quoting Matts Micro
{quote} Considering it just broke out of a 12 day range, it is something to get excited about

I have seen it give away these levels in 1 hr on bad data prints. so i am not excited at all. sorry. it dropped 100 pips on employment print. as far as i am concerned employment picture is still pathetic for australia than US. NFP can hammer it 100 pips down. this time the talk is of an even better number
  • #81,312
  • Jul 1, 2014 12:25am Jul 1, 2014 12:25am
Quoting giveachance
{quote} lol 35 pip move and longs get excited. they have been butchered so many times in past 1 year that they rejoice on 30-50 pip rallies.

Are you this daft?

You cannot see a chart break?
Attached Image (click to enlarge)
Click to Enlarge Name: break.png Size: 43 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #81,313
  • Jul 1, 2014 12:26am Jul 1, 2014 12:26am
Quoting zew
if 0.9460 taken, aud can't be stopped.... we might see 0.97 area again.
why stop at 97 how about 1.10
If 9460 taken we go to the moon!
In trading, you have to be defensive and aggressive at the same time
  • #81,314
  • Jul 1, 2014 12:27am Jul 1, 2014 12:27am
.9450 absorbed
  • #81,315
  • Jul 1, 2014 12:27am Jul 1, 2014 12:27am
Maybe I missed something but that RBA Statement stated nothing whatsoever that would support a rise in A/U. The whole statement is basically saying "there are improvements that we are seeing in various segments of the economy but we are not out of the woods yet although housing is remaining strong" and that's it. And RBA would raise interest rate just to quell the strong demand in housing? Highly unlikely as they stated clearly the "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.", basically spelling out: No interest rate rise in near future.

And people still bidded A/U higher. Ridiculous!! Glad I didn't take a position in A/U today.
Make your losses in demo. Earn your profits live.
  • #81,316
  • Jul 1, 2014 12:28am Jul 1, 2014 12:28am
Quoting Ken A
.9450 absorbed

Short 4x 9455
The real market is not open yet so pathetic little bull crap on Asia means nothing.
In trading, you have to be defensive and aggressive at the same time
  • #81,317
  • Jul 1, 2014 12:30am Jul 1, 2014 12:30am
Quoting Forexia
Maybe I missed something but that RBA Statement stated nothing whatsoever that would support a rise in A/U. The whole statement is basically saying "there are improvements that we are seeing in various segments of the economy but we are not out of the woods yet although housing is remaining strong" and that's it. And RBA would raise interest rate just to quell the strong demand in housing? Highly likely as they stated clearly the "monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent...
that's why i couldn't care less about 'the news', basically useless, imo, of course...
  • #81,318
  • Jul 1, 2014 12:30am Jul 1, 2014 12:30am
Quoting Forexia
Maybe I missed something but that RBA Statement stated nothing whatsoever that would support a rise in A/U. The whole statement is basically saying "there are improvements that we are seeing in various segments of the economy but we are not out of the woods yet although housing is remaining strong" and that's it. And RBA would raise interest rate just to quell the strong demand in housing? Highly likely as they stated clearly the "monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent...
verbal masturbation what statement is.
In trading, you have to be defensive and aggressive at the same time
  • #81,319
  • Edited 12:42am Jul 1, 2014 12:31am | Edited 12:42am
i like that...lol,
so this incredibly blah and bland statement, is what all aussie traders have been waiting for, fascinating...
  • #81,320
  • Jul 1, 2014 12:32am Jul 1, 2014 12:32am
Quoting Davit
{quote} why stop at 97 how about 1.10 If 9460 taken we go to the moon!
Inserted Video
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