fair enough but you haven't actually said anything worth taking into consideration but only dossy lines to make yourself sound great
Are you f*cking retarded or something? I said you need to ask yourself WHY it's consolidating and instead of answering that you simply repeated your original post with some mumbo-jumbo about 'price action'. Unlike GJ I have no intention of giving you the answers, I would rather guide you into how to find the answers for youself, or you've learnt nothing about how to look at future situations.
I give up on this site, it's a waste of time.
The reason no one listens to you is because
1) You have no substance; Only questions that you haven't proven that you know the answers to.
2) You seem to be as clueless as everybody else, so why should anyone show a particular interest in you when you have shown nothing to earn such respect.
3) Someone who actuallys knows what hes talking about, wouldn't act so self-defensive towards a 15-year old kid who disagreed with them and would rather take the time to explain precisely what they meant... Rather than just throwing insults like a child.
The reason its consolidating is because there is an equilibrium of demand and supply?
Lets hear your answer?...
Let us just for a moment take out my contributions to this thread, and imagine this thread is simply TAJammy and GammaJammer interacting. What you have is a 15 year with not an inkling of a clue how to trade, completely ignoring the advice of a professional trader with 15 years experience. What does that tell you? The same thing is played out over and over and over again on this site. Good advice and prods in the right direction are ignored, and the same myths and fairytales are perpetuated, as the blind continue to lead the blind. It's not far off being some kind of religion or sect, where only one faith is allowed and outsiders are shunned.The reason no one listens to you is because
1) You have no substance; Only questions that you haven't proven that you know the answers to.
2) You seem to be as clueless as everybody else, so why should anyone show a particular interest in you when you have shown nothing to earn such respect.
3) Someone who actuallys knows what hes talking about, wouldn't act so self-defensive towards a 15-year old kid who disagreed with them and would rather take the time to explain precisely what they meant... Rather than just throwing insults like a child.
The reason its consolidating is because there is an equilibrium of demand and supply?
Lets hear your answer?...
Hi oildaytrader,
Alse re the thread you linked to ...it is from Sep this year, but the AUD seemed to reach a bottom and turn bullish in Sep/Oct last year.
All the best
i've been keeping just a small eye out for the econ announcements, but to say i use fundamentals to actually trade would be a lie, i'd use them to get out of a position more likely e.g. long aud and australia get bombed lol
What you have is a 15 year with not an inkling of a clue how to trade, completely ignoring the advice of a professional trader with 15 years experience. What does that tell you? The same thing is played out over and over and over again on this site. Good advice and prods in the right direction are ignored, and the same myths and fairytales are perpetuated, as the blind continue to lead the blind. It's not far off being some kind of religion or sect, where only one faith is allowed and outsiders are shunned.
.
Glyder
That is incorrect.It is all about timing.The Aussie wasn't bullish , it was the dollar getting weaker.
The Aussie has only just turned bullish in October ,2009.
I thought I would pass in some of my knowledge to you guys,its called giving back.
I read one good book on currencies and it told me all I need to be a successful currency trader.
Trading currency cross rates by Gary Klopfenstein
Charts are often used incorrectly by traders.Next time look at the relative strength of the currency against the majors.
Best of luck
O D T
Don't patronise me about my understanding of your posts; I fully understand and actually agree with what you say, but ultimately you don't follow it up with substance that those unfamiliar with such concepts would understand... Telling people to focus on what really influences price is great for those already aware of the bigger influences, but for those unaware - it just confuses them because you don't follow it up with real applicable information.What would be the purpose of giving my analysis? What would TAJammy have learnt if I had said it was because of interest rates, inflation fears, Asian attitude towards the dollar etc. What I was going to do was to show him how to carry out an analysis from basic principles, strengths/weakness, correlations, etc so that he could have taken that and applied it to any situation. As GJ said, it's an interesting opportunity to carry out an analysis, but that opportunity is now wasted, along with this thread as a whole.
Vituoso is trying to help you guys and you come up with this xxxx
O D T