stop 0,8346 of course not 0,8246
Kzazs,
What are your thoughts regarding the risks of holding AUD brief through the interest rate statement on Wednesday? Has got the RBA ever been known to surprise previously, although no increase is anticipated?
I shall hold my short trade on AUD/USD, through the RBA rate statement. They are not expected to raise. Keep in mind .25 rate hike was accounted for as recently as last week, but since the PPI CPI was anticipated,the PMI today from Australia was then anticipated as well, consequently, the rates are on hold for the moment. No chance of a surprise there. I watch AUD weakening after the event. How much anybody's guess.
KAZAM
0,8242 out one third ( 53 pips)
Stop on BE now ( 0,8395)
Have to break 0,8235 ( Little Bounce on 0,8236 so far) to go directly to my second Goal 0,8202 where I will unload 1/3
Last Goal 0,80
Closed my short position here in 8228 ( 112pips). We are under the daily S2, I will wait to get a bounce and short again.
It is wonderful to find people making money in my call. Fundamentals will be the winner. The reason 90% people fail in forex is because they blindly follow the crowd technicals. Look at EUR/USD, a report from US led to all these people running for cover. I assure you there'll be individuals who could have entered before now would have lost. They will be blaming their stars wondering why we lost. It wasn't that much of a good news however these people had their trades on hollow foundation1 person brings out the building collapses. It hurts me when they don't have any idea why they are going into the trade when people lose on trades.
I really love reading currency news on various news stations forums. The analysts reports are humerous. They dont have a clue what they are writing, 1 day interest rates are moving up the other day they are moving down. What a confused lot, as they are reactive. That confusion spills down to ordinary trader they create impulsive trades lose.
I have a lot of work cut out to edue traders to start thinking fundamentally be ahead of the crowd to be successful.
KAZAM
NZD just climbed above 0.7640 and fell under 0.7500 in an instant:
You wont find me buying NZD, I've shorted it at 0.7560 last friday to get a 200~500 pips goal.Originally Posted by ;
Wowza. Wonder if this can allow AUDNZD resurge. . .and wonder exactly what AUDUSD will do.Originally Posted by ;