tag:blogger.com,1999:blog-4398676385688239123.post4442697134077423288..comments2024-01-30T03:40:13.598-05:00Comments on Forex Reflections: AUDUSD—new highsFlorida Forex Traderhttp://www.blogger.com/profile/14185457722643140364noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4398676385688239123.post-48394215510449992272011-04-09T06:00:40.627-04:002011-04-09T06:00:40.627-04:00Wow! So skewed! The numbers are amazing. Thanks...Wow! So skewed! The numbers are amazing. Thanks for sharing. It's like just close 1 eye and keep buying huh? LOL!<br /><br />I don't trade on fundamentals either. Fundamentals are always too late too risky too deadly. Fundamental is for fun only (to be taught at colleges/universities) that's why it is called "fun"damental :o)Aihttps://www.blogger.com/profile/09531798584328810965noreply@blogger.comtag:blogger.com,1999:blog-4398676385688239123.post-68538853310306682532011-04-08T11:36:57.644-04:002011-04-08T11:36:57.644-04:00It will stop somewhere, I agree. I don't trade...It will stop somewhere, I agree. I don't trade on fundamentals but there are some issues that should be causing traders to re-think their bullishness. Interestingly enough, the COT report shows 91,791 non-commercials being long versus an astoundingly low number being short (6,226). There have only been 23 times since the beginning of 2007 when the ratio has been so skewed. Of course, if the market turns, that means big drops as the non-comms bail out of their positions.Florida Forex Traderhttps://www.blogger.com/profile/14185457722643140364noreply@blogger.comtag:blogger.com,1999:blog-4398676385688239123.post-82538709035911120422011-04-08T03:08:31.288-04:002011-04-08T03:08:31.288-04:00Looks like AUD is flying up up and away! LOL!
I d...Looks like AUD is flying up up and away! LOL!<br /><br />I don't trade AUD, but having such strong currency isn't good for us. Might get the Reserve bank to increase interest rate and that will not help. The hot money will probably keep coming in and pump it up higher. I do think it should stop somewhere.Aihttps://www.blogger.com/profile/09531798584328810965noreply@blogger.com