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AUD/USD

  • #81,321
  • Jul 1, 2014 12:37am Jul 1, 2014 12:37am
Quoting diggo
{quote} November was just yesterday in the big scheme of things. Please educate yourself on Australia's top exports.
  • #81,322
  • Jul 1, 2014 12:38am Jul 1, 2014 12:38am
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...
Stability is perhaps a hawkish statements in todays terms. I have heard it said many times here from the so called "experts" that they are expecting a rate rise toward end of the year/early next year.

Also maybe it was a technical confirmation (ie as per expected IR's) for a bullish move.
As the lights go by so too do the shadows move
  • #81,323
  • Jul 1, 2014 12:38am Jul 1, 2014 12:38am
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.
  • #81,324
  • Jul 1, 2014 12:40am Jul 1, 2014 12:40am
Admittedly one of the main reasons I think we're going higher….. although I think it was 80-20 before the news...

AUD/NZD probably a better long...
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  • #81,325
  • Jul 1, 2014 12:46am Jul 1, 2014 12:46am
Very weak follow through on mediocre news.

Short 0.9452. Going to add more if break of 0.9395. Targeting 0.9340 region.

Stopping myself out at 0.9475.

Good luck all.
  • #81,326
  • Jul 1, 2014 12:48am Jul 1, 2014 12:48am
Quoting Ck87
Admittedly one of the main reasons I think we're going higher….. although I think it was 80-20 before the news... AUD/NZD probably a better long... {image}

6 week avg length of shorts with 569 in red and 8 winners. Must have all sold bottom.
As the lights go by so too do the shadows move
  • #81,327
  • Jul 1, 2014 12:49am Jul 1, 2014 12:49am
what do i do, half the board says go long, the other half says short, can you guys please come to a consensus, so i can make a trading decision...i mean geez!
  • #81,328
  • Jul 1, 2014 12:54am Jul 1, 2014 12:54am
Quoting Ck87
Admittedly one of the main reasons I think we're going higher….. although I think it was 80-20 before the news... AUD/NZD probably a better long... {image}
LOL
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  • #81,329
  • Jul 1, 2014 12:54am Jul 1, 2014 12:54am
Quoting Matts Micro
All Ords and spi200 both technically look bearish atm imo....
SP200 is reaction to Markit PMI earlier
Watch Aussie bond 10YR

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  • #81,330
  • Jul 1, 2014 12:55am Jul 1, 2014 12:55am
Quoting nealpek
what do i do, half the board says go long, the other half says short, can you guys please come to a consensus, so i can make a trading decision...i mean geez!
Try flipping a coin.

It'll be easier on your mind and body... perhaps even provide you with a more accurate forecast too!
  • #81,331
  • Jul 1, 2014 12:55am Jul 1, 2014 12:55am
Quoting Matts Micro
{quote} Stability is perhaps a hawkish statements in todays terms. I have heard it said many times here from the so called "experts" that they are expecting a rate rise toward end of the year/early next year. Also maybe it was a technical confirmation (ie as per expected IR's) for a bullish move.
I suspected "stability in interest rate" might be responsible for the push as somehow people perceive that for the interest rate to "have a period of stability" it has to be higher. LOL It's as if the interest rate can never have "stability" if it's low; it will start unrest or a revolution or something. To me what that statement means is that the rate will remain the same for a while, hence "a period of stability". People are really adding things that's not really there.

NZ just raised interest rates this year and that's after a huge growth in their economy, with everything up, exports, labour growth and overheated housing market and they have been having that for years and they just raised the rate this year. Aussie's got soft exports due to reduce in demand from China, significant divestment in mining which is a large part of their economy, very moderate growth in labour market and they are thinking RBA would raise the interest rate the end of this year when AU interest rate is still the 2nd highest interest rate in all of the G7 countries? You gotta be kidding me. But then again, what do I know? I am not those "experts"; I am just a lowly trader who's panhandling from the market.

Thanks for the explanation, Matts. I guess time will tell.
Make your losses in demo. Earn your profits live.
  • #81,332
  • Jul 1, 2014 12:58am Jul 1, 2014 12:58am
Quoting JollyBean
{quote} Try flipping a coin. It'll be easier on your mind and body
I would stay out for now to wait until this "up" fever dies down and once the market shows a "Short" signal, I would go short. This current "up" move is unsustainable in my opinion.
Make your losses in demo. Earn your profits live.
  • #81,333
  • Jul 1, 2014 1:03am Jul 1, 2014 1:03am
Quoting Fx3422271
{quote} LOL {image}
  • #81,334
  • Jul 1, 2014 1:03am Jul 1, 2014 1:03am
touched 9463…….. this is the level to break out from.. then it's on to 95-9528
  • #81,335
  • Jul 1, 2014 1:04am Jul 1, 2014 1:04am
La la la la la la

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  • #81,336
  • Jul 1, 2014 1:05am Jul 1, 2014 1:05am
they say let your winners ride, so i let it ride.....if i stop out good profit, if it goes to my target even bigger profit...
good trading to all...
  • #81,337
  • Jul 1, 2014 1:07am Jul 1, 2014 1:07am
Quoting nealpek
they say let your winners ride, so i let it ride.....if i stop out good profit, if it goes to my target even bigger profit... good trading to all...
ok see u at breakeven. lol. i am adding to shorts on every 20 pip rise. In case it falls 20 pips i will double my position
  • #81,338
  • Jul 1, 2014 1:08am Jul 1, 2014 1:08am
Short here at 9457.

Let's see how much resistance the Apr 10 high offers.
  • #81,339
  • Jul 1, 2014 1:11am Jul 1, 2014 1:11am
Quoting giveachance
{quote} ok see u at breakeven. lol. i am adding to shorts on every 20 pip rise. In case it falls 20 pips i will double my position
pretty aggressive trading, hope your analysis is technically sound...
  • #81,340
  • Jul 1, 2014 1:19am Jul 1, 2014 1:19am
Quoting giveachance
{quote} ok see u at breakeven. lol. i am adding to shorts on every 20 pip rise. In case it falls 20 pips i will double my position

While you're adding to your losers, i'll be looking to add to my winners
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