- #88,225
- Dec 17, 2014 9:13am Dec 17, 2014 9:13am
- Joined Oct 2013 | Status: Trader | 1,929 Posts
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return:
35.8%
- #88,227
- Dec 17, 2014 10:28am Dec 17, 2014 10:28am
- Joined Oct 2013 | Status: Trader | 1,929 Posts
While FOMC is up less than 60 minutes, here are my thoughts on AUDUSD. It would be an ideal short opportunity if condition meets.
As for AUD
As for AUD
- A-1: On 12/16, AUD Monetary Policy Meeting Minutes stated its rate is beyond its fundamental value.
- A-2: It also mentioned a lower AUD would help economy.
- A-3: Two days before the minutes release, Steven ALSO stated AUD/USD should be around 0.7000 level.
- A-4: Just a bit more than 24 hours after the minutes, AUDUSD broke below 0.8200 level to 0.8150 level.
As for USD, the condition for shorting AUDUSD
- If Fed would be able to normalize its policy within Q1 2015, it's very likely AUDUSD would have another leg down towards 0.8150 and even its 0.8000 zone in days to come.
Pretty much this would be the only condition I would put my hands on this pair through out the FOMC period today.
Good luck.
Original Post
http://www.forexfactory.com/showthre...13#post7950913
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return:
35.8%
- #88,228
- Dec 17, 2014 12:00pm Dec 17, 2014 12:00pm
- | Joined Oct 2012 | Status: sutatS | 3,461 Posts
hawtness
miss me , guys ?how much lover she can go ????
{image} and where is alll ours 90xx chicks ?
Where price is now, it has been before, and will be again.
- #88,236
- Dec 18, 2014 2:29pm Dec 18, 2014 2:29pm
{quote} Sat right here cocka! Got fingers in a few other pies but this pair is manic. Still building my long.Got it to a net value of .8290 now and the swap is still sexy.Easy money if you ask me.
i need to learn how to be super patient from you 
- #88,238
- Edited 11:07pm Dec 18, 2014 10:11pm | Edited 11:07pm
{quote} sexy swap sounds good .
.. I thought there was accumulation at .8655 but obviously that wasnt the case.Once it broke lower I put in a bit of effort to reduce my exposure, but now I'm just keeping it tight. I dont have time to day trade so Im just working on the premise of "where price is now it has been before and will be again".Looking at the higher tfs I'm not worried as long as I keep my margin healthy.If the swap to the long side was negative, then I'd certainly be viewing it differently.
Where price is now, it has been before, and will be again.