DislikedHaha, will do. Normally I would just roll my eyes & think "oh that crazy Dutch, what the hell is he talking about?!"Ignored
Patience + Humility + Study = Success
Trading correlation pairs by using the other pairs 744 replies
Export All pairs or selected pairs to .csv with script 3 replies
Pairs of Currency Pairs 4 replies
Trending Pairs / Ranging Pairs 0 replies
Aussie pairs 9 replies
DislikedHaha, will do. Normally I would just roll my eyes & think "oh that crazy Dutch, what the hell is he talking about?!"Ignored
DislikedThis risk aversion has really prevented a serious post rate hike rally eh?Ignored
DislikedI'm just range trading GBP/CHF lately (it's had a GREAT range the past month). Between that and waiting forever for a decent CJ setup, I hate to say it, but I've missed the boat entirely on AU/AJ and NU. AU has had multiple buy signals since the Jan recovery, heck even closing the Nov 8th gap at 9080 was a great buy signal, good for 160 pips. Don't even get me started on kiwi.. I shouldn't complain, 2008 has started off really well so far. I just can't buy kiwi at >79 or AU at >91, even though there might be a good run still left in them this cycle.
If the Ambac recovery rally lasts through next week, and I imagine it will, I'm going to look for the best opportunity play. Right now, I'm leaning towards GJ. IMO, sterling is incredibly oversold against just about everything.Ignored
DislikedI'm assuming you mean US housing? I've run a couple of scenarios and every scenario points upward for the AUD.
On the charts I'm getting what everyone else is getting too, AUD to parity and beyond.
.95 by June and 1.00 by December is the bias.
I like it, but it does seem too good to be true. FYI, I don't deal in crosses, only in USD pairs.Ignored
DislikedThat is bizarre. I thought maybe you have Sunday candles in your chart, so I tried another MT4 demo with them, and it only lowers the 100ema. Here's a common source we can check. It shows the 100ema on the AJ daily at 97.77.Ignored
DislikedI'm assuming you mean US housing? I've run a couple of scenarios and every scenario points upward for the AUD.
On the charts I'm getting what everyone else is getting too, AUD to parity and beyond.
.95 by June and 1.00 by December is the bias.
I like it, but it does seem too good to be true. FYI, I don't deal in crosses, only in USD pairs.Ignored
DislikedYou ought to look closer at the economic fundamentals. Such a position above .94 will see a massive correction and then a hard downward trend. Australia cannot sustain parity and certainly cant go beyond. This is where it would all go well beyond reality into total fantasy.Ignored
Dislikedwhat is the next level of resistance if 94 is broken? Can someone post a monthly chart on AUD/USD? Im thinking of holding my long position, but want to know a good spot to let go.
JeffIgnored
DislikedIf you look closely the commodities, they account for about 7-8% AU GDP. And the volume has not changed much in the last few years. just the price of commodities has gone up but still not at record 2006 levels.
The bulk of the economy is based on credit and pretty much borrowed from the rest of the world - a few months of retails sales (mostly using credit) equals what is sold in commodities in a year.Ignored