I will focus this thread to two currencies I perceive to be inherently unstable. Firstly, the United States Dollar and The Australian Dollar. I believe the masses can agree about the first currency but are still reserved on the latter as it has outperformed all other major currencies over the last 20 years. However, through my own real time experiment I will ONLY SHORT US DOLLAR AND AUSTRALIAN DOLLARS through swing plays and once the AUD Euphoric bubble has come to a head I will short everything across the board from
- Bonds
- Interest Rates
- AUD Equities /options
- Australian Dollar Futures
- Spot Crosses
At the moment Australian dollar is the poster child for the market and foreign capital flows but I will offer the following in this thread.
- Everything news related to Australian economy. Some will be news that is freely floated around the internet, the other will be from former colleagues who I used to work with in my former suit and tie life.
- Australian Company (Materials,Banking, Construction, Energy) earnings, assets acquisitions/sales, expansion/contraction in projects, conference call speeches of interest
- Government Economic reports W/ sector number of Contraction/Growth.
- Banking Loan portfolios and their sheets (Mortgage repayments schedules, L/V ratios)
- Housing, Credit, emigration
- Bond Market and Net foreign Inflows/outflows
- Government Books and futures projects
This thread will be directed to fundamental data and developments in Australia (less so in US) so anything related to technical analysis will be directed to AUD/USD active forum. I agree at the moment that Australia is still a poster child and that the crash is not here but that does not mean you cant make money shorting in the mean time for swing plays before the 'big one' occurs.
>>>>>>I will post my live trades as soon as they are put on and taken off
>>>>>> I will post balances of trades taken and keep track of the progress in real time
>>>>>>I do believe middle of next year or q1/q2 2013 WE will see a contraction in Australia and see rates come down but until that moment I will be unbiased and post for longs and shorts who may choose to follow both positive and negative news,numbers, updates that come out of AU
>>>>>> I welcome those who are long or short to post their views on the Australian economy so that debate can be healthy and more minds can chime in on views of direction looking forward.
EDIT::: NEW STRUCTURE OF THE THREAD STARTING 9/25/12
PST
The Thread will cover everything related to AUD.
Monday Throughout the day posting’s of Tweets, news post, AUD S/R levels (once or twice only)
Tentative- Econ releases basic numbers and a couple sentences
11pmPST- Sydney market Close; Equity earning or stocks of note
Tuesday throughout the day postings of Tweets, news post, AUD S/R levels (once or twice only)
Tentative- Econ releases basic numbers and a couple sentences
11pmPST- Sydney market Close; Equity earning or stocks of note
Wednesday throughout the day postings of Tweets, news post, AUD S/R levels (once or twice only)
Tentative- Econ releases basic numbers and a couple sentences
11pmPST- Sydney market Close; Equity earning or stocks of note
Thursday Throughout the day posting’s of Tweets, news post, AUD S/R levels (once or twice only)
Tentative- Econ releases basic numbers and a couple sentences
11pmPST- Sydney market Close; Equity earning or stocks of note
Friday- 2pmPST Market close week in review; personal trading statement for the week
5pmPST Australian Excel sheets of Econ reports for the week (updated), COT positioning Graph (updated)
Saturday- Free write or food for thought article
Sunday- 12pmPST bullet points of previous week from news, markets, and upcoming week events