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Ausie interest rate decision??
- Thread starter marketsurfer
- Start date
Gone long here at 8990. We are still in an uptrend channel - higher daily highs and higher daily lows. It would have to break below 8950 (where my stops are) to see any type of short term trend reversal.
Targeting 9040.
AS a hedge of sorts, also short the kiwi ay 7630 for a run to hourly support around 7590-7600
Targeting 9040.
AS a hedge of sorts, also short the kiwi ay 7630 for a run to hourly support around 7590-7600
Quote from cstfx:
Gone long here at 8990. We are still in an uptrend channel - higher daily highs and higher daily lows. It would have to break below 8950 (where my stops are) to see any type of short term trend reversal.
Targeting 9040.
AS a hedge of sorts, also short the kiwi ay 7630 for a run to hourly support around 7590-7600
Gone flat on kiwi at 7599, but still long aussie. Still don't have that new daily low so I think it will retrace some of today's losses overnight. Will be looking to see if it gets above todays high to signal a short term sell.
Major walloping going on in the early euro session. AUD/JPY off 2%, NZD/JPY off 3%, all of the majors and carry crosses off significantly. Still no concrete news, perhaps the GBP CPI leaked.
Ok and now those crosses just shot back up 100 pips in 2 minutes, now easing back again, lots of volatility..
Ok and now those crosses just shot back up 100 pips in 2 minutes, now easing back again, lots of volatility..
Gone long here on both AUD (8990) and NZD (7544). Both survived Thurs/Fri selloff in Asia and rebounded rather well. NZD looking to take out stops around 7560, and if they succeed, run up to 7600 at least. Only thing that may hold them back today is a down DJIA/SPX. (they seem to be tracking US equity markets of late, so if we can overcome early morning weakness, I think a good upside move)
Quote from KS96:
You picked a top? The daily trend has changed and you're fighting it.
Still short and waiting...
Yeah, was looking at how it was fighting the trend all night and figured equities would help a little bit. Both trades stopped out at -30 pips.
Doh! moment.
I'll look for a rebound in equities to find a new entry. If I see equities turn positive, I'll be looking for a good size upside pop.
Mid term I think you are probably right, but I don't look beyond the next few hours for my setups.