On-site guru & also FF member's' psychiatrist, when not drinking tea
- #88,421
- Jan 9, 2015 12:54pm Jan 9, 2015 12:54pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
- #88,422
- Jan 9, 2015 12:59pm Jan 9, 2015 12:59pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #88,427
- Jan 9, 2015 9:02pm Jan 9, 2015 9:02pm
Thanks for pointing that out diggo. I am still overall short AUD at the moment but treading increasingly carefully. Interesting that you are long term bearish AUD. My husband is also Aussie and also long term bearish. I am non-Aussie and long term bullish. Is there something you guys know that we outsiders don't?? I keep pointing out to hubs all the resources you have, and all the land, so sparsely populated. Your population will continue to grow (just choose your immigrants carefully, haha!), and you have enough resources to export for years to come, I just don't understand how the currency can possibly go anywhere but up in the long term. I am waiting for AUD to bottom out any minute now and planning to shift a good chunk of my cash (not my trading account but my bank account) into AUD. We're currently living in Hong Kong but will end up either in Oz or the UK (my home country) so it is useful for us to gradually shift our cash(currently mostly HKD) into either GBP or AUD over the long term, and I am a lot more comfortable with AUD quite frankly.
Another disgruntled Aussie shorter here. Also pinning my hopes on 0.82, but not sure if I am brave enough to add to my position again at that point. Already have 400k worth of shorts open at various levels, all in the red... Would love to hear from anyone who can offer a reason as to why the Aussie is so strong.
If you are looking to LONG the aud based on your opinion, I humbly feel a better position would be to short eur/aud. However, now would be slightly late for that as it have already move quite a bit. What suits you best
Lizzy, with 400k of shorts, is your account able to be expose to another 100 pip move? More importantly, are you able to be able to withstand the pressure and stress?
We all know that the aussie is weaker when pair with the usd. However, who are "we" to comment on your $ in hand?
You must make the decision, and trust your instinct while preserving your capital and sanity.
It must be nerve wrecking for you, unless you have more then 10mios in your acc
May we all be in the green.
Fall in love with the process, and the outcome takes care of itself.
- #88,430
- Jan 10, 2015 3:34am Jan 10, 2015 3:34am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #88,431
- Jan 10, 2015 5:22am Jan 10, 2015 5:22am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
The world you desire can be won. It exists.. it is real.. it is possible..
- #88,433
- Jan 10, 2015 10:05am Jan 10, 2015 10:05am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} Hi Bones, Yes. {image} {image}
- #88,434
- Jan 10, 2015 10:57am Jan 10, 2015 10:57am
{quote} {image} started looking here entry was going to be entry was going to be 40/50 i want with 50,,posted it on another thread{image} entry, and now looks like double bottom 8200 posted target {image} we got a nice breakout and now indi is showing, if ,,if the last indi was to go buy the it could be a very good long trade,,, sorry Mr S but she is in the local pub with the girls , my job now is to cook the steak , for 7pm,, what a life these ladies have..lol .ps this is addictive you know,we should put up warning signs and long term if possible...
On the 4-hour chart price action has formed a possibly small double bottom reversal pattern with a neckline at 0.8156, however the down-trend is still so dominant that I would not advise trading this double bottom as it is still probably too risky an undertaking.
Because of the major support from 0.8000 I would want to see a clear break below that level – and below the S1 monthly pivot at 0.7984 plus 20 points, giving 0.7964 - first for confirmation, with the next target lower at 0.7900.:nerd:
- #88,436
- Jan 11, 2015 5:53pm Jan 11, 2015 5:53pm
{quote} On the 4-hour chart price action has formed a possibly small double bottom reversal pattern with a neckline at 0.8156, however the down-trend is still so dominant that I would not advise trading this double bottom as it is still probably too risky an undertaking.
I think we'd be expecting some retracement (50%) before any further extension on either directions. For that, either no entry now or tight scalps.
Luck shines on the positive.
- #88,438
- Jan 11, 2015 9:33pm Jan 11, 2015 9:33pm
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
The high here was .8252 probably something's wrong with my feed
