Referring to Giant#2's call on the AUD going lower against the USD all the way down to .92 or .95 just when the fed as said it will extend the lower interest rate for at least two more meetings. I am new to reading your posts, but geez, I just don't see how you get that. it would mean the dollar would have to improve in value, and by a lot. It would also me the USD against the Frank would improve, all the way back up to the .97's or so, is that your read too. I mean who is going to step in and buy the US dollar now.
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Thread: We Withdrawal from AUD for now
04-30-2011, 02:07 PM #11
AUD going lower means USD strenght, were do you get that Giant#2
05-01-2011, 01:55 PM #12
last weeks AUD/USD is going up
I agree, with all respect to giants, I am just a small trader who makes small trades usually within a day or a week, because I could not sleep well if I śhould hold position for one year.
And last week AUD/USD was rising as well and I would bet it might test 1,1 level this week.
Sive Morten offers much better and what is very important regular analysis which could be easily traded if I wished to.
I understand maybe in a year AUD/USD could be 0.7 or 0.8 or 0.9 but I couldnot afford hold position for half a year.....
I fully agree with basic thought of correction on comodities but what if it happens next year, when gold would be over 2000 USD....?
Last edited by Xenofanes; 05-01-2011 at 01:59 PM. Reason: need to add
05-13-2011, 12:52 AM #13Recruit
- Join Date
- Mar 2009
08-01-2011, 02:19 AM #14
08-13-2011, 07:14 AM #15
Who's taking my money?
G2, I agree with the last post. I'm very interested to hear how institutional traders think. The more the better. I read Joe Dinapoli's book and then watched 10 consecutive videos by Sive, doing his analysis with him. Really a great learning experience.
I approach trading like a poker game. Knowing the other competitors is more important than the cards in your hand. When I talk about trading, I refer to G2 and Sive Morton as "Jesus" Chris Ferguson because they already have me figured out.
Who's taking my money and who's money am I taking? If I can know that and how they think, then I can be come Chris Ferguson.
08-28-2011, 03:29 AM #16Recruit
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- Jun 2011
08-30-2011, 11:40 PM #17
11-25-2011, 04:30 PM #18Recruit
- Join Date
- Oct 2011
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