If looking for another way of looking at JP's reasoning I would rephrase to: Whilst expecting a retrace he was more sure that long term, price would go down. Thus instead of risking missing out on the long term, larger move he held that position and ...

Australian Bear Raid

Can't pretend I've ever built up a position over 18 months but certainly have some around 5 months. As I'm just learning I've never had that much capital tied up but I learnt quickly not to worry about missed opportunities. Would have driven myself ...

AUD/USD

Has been a bit of hype about carbon tax but for me it's not a big deal as I've always kept a big gap between my income and expenses. Much of the effect will be hard to quantify but my monthly electricity bill shows a 10.5% hike in the usage charge & ...

Australian Bear Raid

I've never worked in banking so don't know what it's like. I suspect that the banking sector has not helped the economy in Europe or the people in general. I suspect you have used trading instead of banking in your last sentence as I know that you ...

AUD/USD

RBA Cut — If when we get to next RBA decision a 25pt cut is already fully priced in am I right to assume there will still be some impact? ie Diminished as already priced in (speculators) but some due to change in carry trade?

Australian Bear Raid

Have long been a fan of JPlazard's insights into the AUD and his position trading. I thus at first struggled a bit with some of Sidhujag's bullish views on AUD/USD and probably only now understand them a bit better having read recent posts on ...

AUD/USD

Curious as to why you see low 1.05s as last line of defence when the last two highs on daily timeframe (early Aug & mid Sept) were low 1.06s?

Australian Bear Raid

Thanks for clarifications Hyperion & Balmain Boy!

AUD/USD

Curious how you know a live % (or % after minutes)? My understanding of the link you provided is that it's only updated at the end of each (Australian) day.

AUD/USD

Hi 100PipsADay, might make more sense if you follow Balmain Boy's link and check the page out. Eg pricing in is based on futures price and history shows that rate cut in November was already priced in 8 days ago, thus has not been causing the spot ...

AUD/USD

If you go to the calendar, find the line item for the cash rate (2nd Oct in my time zone) and click on the icon in the 'detail' column. Several things then pop up including explanation of the event and the history of it. If still having trouble let ...

AUD/USD

I especially like this part of your quote! Hope everyone understands the implications.

AUD/USD

Does the governor of the RBA (the body who sets rates) count as an Australian official? He's said it several times but I quote from the October statement "exchange rate has remained higher than might have been expected, given the observed decline in ...

AUD/USD

see attached from our very own FF site plus add in the October cut.

AUD/USD

I'm guessing you didn't see Balmain Boys provision of this link: url as I believe this shows rate cut is being priced in.

AUD/USD

That's because the yield from Australian investment is still too high compared to rest of world offerings. Therefore size of cuts at present is trying to stimulate domestic demand without scaring off foreign investors. AUD can & will correct if ...

AUD/USD

1. Glad to hear it would only mean needing repositioning 2. Good point and hope you're right sooner than later as I'm short too.

AUD/USD

Firstly, seems to me you are trading based heavily on fundamentals (not entirely as I know you are look at support & resistance) which is fine if in for long term but when I saw your comment "but ill be in trouble if this breaks above 1.0300/0330" ...

AUD/USD

Not sure it's that simple. I agree that China imports relate to Australian exports but the headline number is only a balance. 20B balance can be the result of 200B Exports & 180B imports or of 30 & 10. Larger numbers with same balance is better for ...

AUD/USD

Do those problems combined with no swap charges mean you use them for shorts only?

AUD/USD