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What's the point of hedging?
Started Jan 24, 2010|Trading Discussion|239 repliesI have been reading numerous posts and article on this topic lately trying to understand the ...
- BobbyBob replied Jan 20, 2010
A high GDP growth might force china gov to further rise interest rates and limit liquidity. Grow is good, but too much and too fast growth is bad
AUD/USD
- BobbyBob replied Jan 20, 2010
Here are my predictions on the reactions of the news release: 1) GDP in double digits or higher (forcast:10.7%) AUD/USD is going DOWN to test major 89.50 support 2) GDP in single digits Possible back up to 91.75
AUD/USD
- BobbyBob replied Jan 19, 2010
lol.... that rise back to 0.9190 was quick... just went to get the mail and came back. -poof 20pips
AUD/USD
- BobbyBob replied Jan 18, 2010
Doesn't look too promising on the H1 chart with a very "thin" resistence @ 0.9263-0.9270 and on the H4 chart you can see it bouncing off the cloud. Could reach 0.93 by tonight. So i think its better to short then, rather then trying to "catch" it on ...
AUD/USD
- BobbyBob replied Jan 14, 2010
I see minor resistence at 0.9240 which should be reached in a few hours. Then possibly taking a pause and down to 0.9190 at london open.
AUD/USD
- BobbyBob replied Jan 14, 2010
Looks like markets is a bit lost as to what to do with the higher revised numbers from the previous release, despite data from this release being worst then forcast
AUD/USD
- BobbyBob replied Jan 14, 2010
Well i'm out at 0.9320 major resistence hit and long shadows on M5/M15/M30/1H charts No more trading for me today, Will wait for US Retail data tonight to determine trend for tomorrow. Provided AUD ranges between 0.93-0.932 between now and the ...
AUD/USD
- BobbyBob replied Jan 14, 2010
Something interesting about the spike down during the employment news release today url
AUD/USD
- BobbyBob replied Jan 14, 2010
His just taking the piss about making random posts with no sources
AUD/USD
- BobbyBob replied Jan 14, 2010
Looooonnnnnggggg
TP: 0.9950 EDIT: BTW enjoyed your view and analysis of the AUD. I'll defiantly look into it more deeplyAUD/USD
- BobbyBob replied Jan 14, 2010
I'm have to disagree with you here and agree with sinner. I don't mind too much about reading analysis copied from elsewhere, heck it saves me time finding out what the overall market sentiment is. But i think what is starting to get to some people ...
AUD/USD
- BobbyBob replied Jan 13, 2010
Managed to go long on the retracment @ 0.9275 TP 50% @ 0.9320 going to ride this one till the London session
AUD/USD
- BobbyBob replied Jan 12, 2010
I'm out.. but not due to fear. But because of lack of understanding of the situation. Technically it is a good oppurtunity to buy and yes fundermentally nothing has changed between AUD/USD. But not taking a blind risk without knowing all the facts. ...
AUD/USD
- BobbyBob replied Jan 12, 2010
-25pips just then Still don't have a full idea how the chinese rate rise affects commodities and hence AUD. would be great if someone can enlighten me.
AUD/USD
- BobbyBob replied Jan 12, 2010
0.9220 Resistance is holding up nicely. (knock wood) Hit my limit buy @ 0.9235 wasn't expecting to enter market tonight
AUD/USD
- BobbyBob replied Jan 10, 2010
From my experience of futures and to some degree of forex trading. Technicals are often very unreliable a few days after a major news release. The market WILL change direction and move whereever it wants to moves after the release. Trying to predict ...
AUD/USD
- BobbyBob replied Jan 10, 2010
Its best to play it safe for the first few days of this week. Low leverage and tight stops. At the moment i'm placing a 15pip trailing stop. I'm going to wait for the employment figures on THU before putting in any significent trades. Quality over ...
AUD/USD
- BobbyBob replied Jan 10, 2010
Im doing a similar thing, except i'm carrying over half my NFP position over the weekend, TP @ 93.20 But i'm hesistent to making an immediate short @ 93.20 cos theres a good chance it will hover around resistence and then do a steady climb to 94. I ...
AUD/USD