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- scyang replied May 17, 2008
I hope you got in short in the late stage Friday because AUDUSD just kept going on till the very end of Friday. So you still expect the pair to go down a bit Monday even though there are so many take-over interest of Australian companies and the ...
Aussie Pairs
- scyang replied May 17, 2008
You are in Australia, so please let me know your most objective view of the state of Australian economy and the possible next move of RBA regarding interest rates.
Aussie Pairs
- scyang replied May 17, 2008
Gold is connected with euro. When gold goes it, euro goes up. So it's not just gold. It's all connected.
Cable Update (GBPUSD)
- scyang replied May 17, 2008
What is your timeframe for euro to go to 1.52? After it hits new high first and then go down or straight down from here? What do you base your prediction on? Technical or fundamental?
EURUSD
- scyang replied May 17, 2008
I think you do realize that I never intended for anybody to tell me what to do. It was just a way of saying. I realize it takes time for one to grow up and mature as a trader. Thanks for sharing experience, technical or otherwise.
No Brainer Trades
- scyang replied May 17, 2008
Still holding short? Any idea why this stupid thing shot up like that? Australia economy looks bad. All the numbers that came out last week were bad. Somebody said that last Friday was a option expiry day and the big boys were causing wild market ...
Cable Update (GBPUSD)
- scyang replied May 17, 2008
What did you do with AUD/USD. The pair went up like mad. Were you in short?
Cable Update (GBPUSD)
- scyang replied May 17, 2008
Don't believe xe.com. I find their prices on the weekend unreliable. Check oanda.com. They allow trading on the weekend, so their prices are true real time even when most brokerage firms are closed.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- scyang replied May 16, 2008
Well it was just a panic call. I guess experienced traders never panic. But I am very new. It was just something way off the chart and way outside of expectation for today.
No Brainer Trades
- scyang replied May 16, 2008
Well the consumer sentiment number came in bad. That won't help AUDUSD.
What are we going to do now?No Brainer Trades
- scyang replied May 16, 2008
There really is no really for AUDUSD to make all time high. AUD is fundamentally weak. Look the data in the past several days. There is nothing but red news. For it to run up like that is just crazy. I hope that it comes down soon.
Cable Update (GBPUSD)
- scyang replied May 16, 2008
Well I am in USDCHF from yesterday. It was way down earlier, but has come back since thanks to the green housing data. Will see what consumer sentiment number bring us.
No Brainer Trades
- scyang replied May 16, 2008
Good. I hope it goes down soon. Can't wait. I guess you did say patience pays.

No Brainer Trades
- scyang replied May 16, 2008
What level did you short AUDUSD? It's awful stubborn today. USD has been gaining across the board after the housing numbers, but AUD just doesn't want to budge even though, as you said, AUD is fundamentally weak. The market truly is hysterical.
No Brainer Trades
- scyang replied May 16, 2008
Good housing numbers. All the speculation was based on nothing but speculation without no concrete information. As this market is so complex, nobody can really anticipate what kind surprise it might dish out to us. Many of the speculations earlier ...
USD/JPY Discussion
- scyang replied May 16, 2008
Nav, Are you still in short? The thing shot up like a rocket today. I escaped with my life.
Cable Update (GBPUSD)