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1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old Jul 1st 2010, 4:28 pm
  #1951  
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Default Re: 1.93's A$ to the Pound!!!

~ a 5 cent rise today. If that continues until September, we could be looking at $3.41!!!!
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Old Jul 1st 2010, 4:29 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by xzibit
~ a 5 cent rise today. If that continues until September, we could be looking at $3.41!!!!


Nice to dream.
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Old Jul 1st 2010, 5:57 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by xzibit
~ a 5 cent rise today. If that continues until September, we could be looking at $3.41!!!!
Ohhh the optimism or is that something to do with looking through a fog
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Old Jul 1st 2010, 6:55 pm
  #1954  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by pemajoka
Ohhh the optimism or is that something to do with looking through a fog
be making moves into 1.90's by september maybe more realistic.

Well my day's been profitable trading AUD against US$ but would have been great day riding the £ up vs AUD, there you go though that's life! Was flying high and tempting but you never know when will reverse and it did quite harsh in the end back to 1.79's!

Big milestone breaking the 1.80's level today, didn't expect that, perhaps my prediction should have been 1.80-1.85 for months time!!??

NFP figures out of USA tommorrow, if bad AUD will go down further so keeping my position open with stops in place in case NFP is good.

If I had AUD's in the bank I'd be selling them now for sure! and kicking myself for not selling at 1.63! Oh hindsight is great!!
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Old Jul 1st 2010, 10:03 pm
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Default Re: 1.93's A$ to the Pound!!!

Not wishing to state the elephant in the room

But the aussie sharemarket is well down right now, usually it takes the dollar with it and when shares recover

Just one factor but its been a very good indicator for me on the currency markets.
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Old Jul 1st 2010, 10:55 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by jad n rich
Not wishing to state the elephant in the room

But the aussie sharemarket is well down right now, usually it takes the dollar with it and when shares recover
Absolutely, but who knows when it'll drop and not recover for a while, I'm thinking soon.
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Old Jul 1st 2010, 11:29 pm
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Default Re: 1.93's A$ to the Pound!!!

what would I know I'm just a 'guru'

but.........what goes around comes around and all this "new norm" mentioned on here from pro A$ posters is just wishful thinking (just like my pro £ wishful thinking!!!). I just hope if they had a vested interest i.e. had A$ to buy £'s with that they did so!

weird times have occured but there are averages and fair values which will eventually creep back, question is when and that's the question we'd all love the answer to. I'd be buying my harbour front Sydney property if I knew the answer!

seconds out, round two!

PS; My intraday position closed out at $500 profit, good day but hell I wish I'd gone long GBP/AUD with a 1.81 stop!!!

My tip for tomorrow is if AUD/USD hits 85cents again overnight then go short as potential rebound, but have a stop in place in case NFP figures are good. OOOH I'm begining to sound like a guru!!!

Last edited by MrCro; Jul 1st 2010 at 11:36 pm.
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Old Jul 1st 2010, 11:44 pm
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Default Re: 1.93's A$ to the Pound!!!

My 1.80-1.85 was briefly "in the money"
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Old Jul 2nd 2010, 12:05 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
what would I know I'm just a 'guru'

but.........what goes around comes around and all this "new norm" mentioned on here from pro A$ posters is just wishful thinking (just like my pro £ wishful thinking!!!). I just hope if they had a vested interest i.e. had A$ to buy £'s with that they did so!

weird times have occured but there are averages and fair values which will eventually creep back, question is when and that's the question we'd all love the answer to. I'd be buying my harbour front Sydney property if I knew the answer!

seconds out, round two!

PS; My intraday position closed out at $500 profit, good day but hell I wish I'd gone long GBP/AUD with a 1.81 stop!!!

My tip for tomorrow is if AUD/USD hits 85cents again overnight then go short as potential rebound, but have a stop in place in case NFP figures are good. OOOH I'm begining to sound like a guru!!!
$500 profit... not bad at all.

But $1,000 is better.
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Old Jul 2nd 2010, 1:34 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
what would I know I'm just a 'guru'

but.........what goes around comes around and all this "new norm" mentioned on here from pro A$ posters is just wishful thinking (just like my pro £ wishful thinking!!!). I just hope if they had a vested interest i.e. had A$ to buy £'s with that they did so!

weird times have occured but there are averages and fair values which will eventually creep back, question is when and that's the question we'd all love the answer to. I'd be buying my harbour front Sydney property if I knew the answer!

seconds out, round two!

PS; My intraday position closed out at $500 profit, good day but hell I wish I'd gone long GBP/AUD with a 1.81 stop!!!

My tip for tomorrow is if AUD/USD hits 85cents again overnight then go short as potential rebound, but have a stop in place in case NFP figures are good. OOOH I'm begining to sound like a guru!!!
$10 a pip?
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Old Jul 2nd 2010, 5:31 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
what would I know I'm just a 'guru'

but.........what goes around comes around and all this "new norm" mentioned on here from pro A$ posters is just wishful thinking (just like my pro £ wishful thinking!!!). I just hope if they had a vested interest i.e. had A$ to buy £'s with that they did so!

weird times have occured but there are averages and fair values which will eventually creep back, question is when and that's the question we'd all love the answer to. I'd be buying my harbour front Sydney property if I knew the answer!

seconds out, round two!

PS; My intraday position closed out at $500 profit, good day but hell I wish I'd gone long GBP/AUD with a 1.81 stop!!!

My tip for tomorrow is if AUD/USD hits 85cents again overnight then go short as potential rebound, but have a stop in place in case NFP figures are good. OOOH I'm begining to sound like a guru!!!
Provided it keeps climbing, I do not care how slowly, to around 2.25 in the next 12-15 months I will be happy
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Old Jul 2nd 2010, 10:14 pm
  #1962  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by freebo
$10 a pip?
yip $10, you choose your level of trade and that amount goes up or down per pip.

Never have the gonads to trade above 10 per pip!

not traded today was all abit weird, see what next week brings.

But great for my £'s sitting waiting for exchange into AUD, ended week above 1.80 is major milestone!

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Old Jul 3rd 2010, 12:25 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by MrCro
yip $10, you choose your level of trade and that amount goes up or down per pip.

Never have the gonads to trade above 10 per pip!

not traded today was all abit weird, see what next week brings.

But great for my £'s sitting waiting for exchange into AUD, ended week above 1.80 is major milestone!

Yes, a good week for the pound

But when to exchange?
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Old Jul 3rd 2010, 12:32 am
  #1964  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by paulry
Yes, a good week for the pound

But when to exchange?
Either when you need to, or when you think the rate is at its peak?

Personally I prefer to do it in gradual stages, that way you're never 100% wrong, its pretty much impossible to be 100% right.

If I did need some travelling money I'd be buying a bit now though, you never know whats around the corner but we're about half way from the recent low, back to $2.00/£1.00.

Last edited by freebo; Jul 3rd 2010 at 12:39 am.
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Old Jul 3rd 2010, 12:48 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by freebo
Either when you need to, or when you think the rate is at its peak?

Personally I prefer to do it in gradual stages, that way you're never 100% wrong, its pretty much impossible to be 100% right.

If I did need some travelling money I'd be buying a bit now though, you never know whats around the corner but we're about half way from the recent low, back to $2.00/£1.00.
Gut feeling is it might go up to around 1.9 before settling back downwards. I wish if I had the nerve to hold out for 2 but I think that's unlikely this year. But this last week or so we've been pleasantly surprised so who knows?

Planning to lock in on some of the gains very soon.

Last edited by paulry; Jul 3rd 2010 at 12:51 am.
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