Joe did call the top at 1.055 and i called the bodum in gbp/aud at 1.46//but track nzd/usd and aud/nzd for you aud/usd short and usd is king fish so the fed can bust all your trades in a flash
Cambridge Joe 11:58:26 GMT - 05/14/2013
Yes guys, I make you right ! Looks like this aususd long scalp will fail..... it happens, of course.
Still, ATM, the rest of the planet appear to be disregarding the trend as well.... just for the minute ! :-)
Cape May JB 11:46:32 GMT - 05/14/2013
Very common for traders to look to buy something "cheap" and fight the trend rather than to accept it and go with it.
Amsterdam Purk 11:45:17 GMT - 05/14/2013
Yes agree, and i am dutch... we buy what might look like cheap.... some of us..
London Chris 11:38:57 GMT - 05/14/2013
Maybe it is just trader mentality to buy what looks cheap even thoiugh trend says it might get cheaper.
Cape May JB 11:28:34 GMT - 05/14/2013
Chris- good point. Chart looks pretty grim.
London Chris 11:21:43 GMT - 05/14/2013
I tune in each day seems all I see are buy calls in the AUD. Is anyone going with this trend?
Amsterdam Purk 11:21:04 GMT - 05/14/2013
basicly what is happening now, we just follow the footsteps of aud/usd a few years back. Somebody showed it to me many moons back. So money can be made all the way back to 90 and 85 LONG, as LONG as one takes the right steps and is very quick... why not take shorts eh? I do not like shorts in aud/usd. a few years back i did it the other way around, not now...
I will be happy to trade around, and at 98+ i will long some again
Cambridge Joe 10:55:21 GMT - 05/14/2013
trying an AUDUSD long scalp ... abt 10 min frm here.
Brisbane Flip 10:52:41 GMT - 05/14/2013
Mike Dumbo (Rudd's nickname for him the past 20 years) can take as much credit for that as he can for the weather. Commodity mining china boom will peak and unemployment will reflect the ex mining economy we live in now. That will be largely out of their hands as well. Bottom line is this was a once in lifetime opportunity and Union led Labor have pis.sed it up the wall. Instead of planning for the worst and hoping for the best the planned (spent) for the best.
It's like the three generation story. One (Keating) built it. Second (Costello) grew it. Third (Dumbo) lost it.
ed kw 10:27:34 GMT - 05/14/2013
that new pair aud/chin_a was set up for the bad gov, to send their cash to future home
SYDNEY MIKE 10:12:57 GMT - 05/14/2013
Can't complain, Australia unemployment rate (using same methods as previous governments) is under 6% all during the GFC.
When the liberals get into power, massive unneeded cuts = unemployment 8% and recession.
perth wtr 10:07:33 GMT - 05/14/2013
Bunning Greeter, LOL that's a good one Flip
Brisbane Flip 10:01:22 GMT - 05/14/2013
yeah its largely irrelevant and just outgoing legacy (history) management. Wayne Swann is handing down another budget he won't be implementing. Difference is this time is Liberal will have the job of implementing or changing it in 3 months.
He just confirms he has been out of his depth for 6 years and looks forward to his new position as a Bunning Greeter
london red 10:00:58 GMT - 05/14/2013
Overall, real and nominal rates down slightly from last estimates hence fall in pair
perth wtr 09:53:39 GMT - 05/14/2013
anyone with OZ budget info?
perth wtr 09:44:43 GMT - 05/14/2013
bought 0.9943, stop 50 below
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