What's Next for Aussie?

hey dave, the china hike was 1 of the most important things that i was basing my trade off,an im a lil dissappointed to see risk appitite move higher off it :( just goes to show the strength in gs-jpm- ben an the boys ...i guess currancy markets can be manipulated just as easy as stocks:( gl

Hey comon guys, the last thing I read from Ashraf on the audusd was several trading days ago. "A CLOSE ABOVE PARITY WILL KILL THE H&S PATTERN"

Volume is low which makes it extremely easy for the "priviliged" trading teams to ensure that risk appetite prevails into the year end, especially in stocks. AUDUSD is a risk appetite animal ime. Likewise eurusd and gbpusd etc. The usdchf was highly likely to make new lows when it took out the 6th Dec pivot low @9725. Commodities also tend to move the risk appetite direction.

No surprises for me during the last few days (except china rate rise). Fading market direction is your choice but always carries high risk !

I suggest you take a look at the last 50 yrs and see how the santa rally almost always plays out. Bonuses is the key word my friends :-)

@this rate i won;t be able to afford his workshop in jan lol..:( keep thinkn back around the 10th of dec when my plan was to stay flat going into the holidays(my exact words were "no need to get all stressed out b4 the holidays" with a trade going against me lol:( anyways i felt the same way when ashraf called up the gbpusd trade an that too went against me but in time it worked itself out.i still think the aud trade will work itself out just gonna pay the interest/rollovers on my position an hope it turns around:)..don;t forget that usdcad trade which is in buy territory:) gl guys

this strength in upward move has been made possible without the feds help, whats next the fed coming out an talkn about deploying qe2 lol..1more nail in the coffin for all my trades:(

But why he is confidently calling euro below 1.3 in this thin market . see what happened to usdjpy,nzdusd,audusd short all went to hell see when audusd was at .99 he called for .9780 and nzdusd at .7350 he called for .7280 now all are 400 - 300 pips away , what happened to his USDJPY call that also went down 200 pips .. now what will happen any of you can say ?? tomorow morning he will come with same old story, volatality, take care about levarege and all lol .. anyway booked loss what else to do ..