Alrighty then. But it looks kinda strong.
Short Till 0.8250 !
- #2,442
- Aug 27, 2009 8:19pm Aug 27, 2009 8:19pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
short it !the highest for the week is 8430 and make that your pain level(stop loss) 
- #2,443
- Aug 27, 2009 9:02pm Aug 27, 2009 9:02pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
short it !the highest for the week is 8430 and make that your pain level(stop loss)
Nothing worth having is easy.
- #2,444
- Aug 27, 2009 9:13pm Aug 27, 2009 9:13pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
Hi Patience,
shanghai composite index still look weak on the daily, so upward move for the aussie should be limited but my trades toward shorter and shorter (scalp)
http://img38.imagefra.me/img/img38/2...wm_5a09f1f.png
good trading to you !
shanghai composite index still look weak on the daily, so upward move for the aussie should be limited but my trades toward shorter and shorter (scalp)
http://img38.imagefra.me/img/img38/2...wm_5a09f1f.png
good trading to you !
- #2,445
- Aug 27, 2009 9:22pm Aug 27, 2009 9:22pm
- Joined Oct 2006 | Status: Trader | 7,219 Posts
shanghai composite index still look weak on the daily, so upward move for the aussie should be limited but my trades toward shorter and shorter (scalp)
http://finance.yahoo.com/intlindices?e=asia
Think I'll wait for Frankie/London to show me the way
Good trades
Nothing worth having is easy.
- #2,446
- Aug 27, 2009 9:41pm Aug 27, 2009 9:41pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
china is the motor engine for australia thats CNBC point of view 
http://img38.imagefra.me/img/img38/2...8m_7282d2b.png
chinese stocks up so does the aud/usd and vice versa trades well see you all next week
http://img38.imagefra.me/img/img38/2...8m_7282d2b.png
chinese stocks up so does the aud/usd and vice versa trades well see you all next week
I've been trading the long term daily trend on this puppy for the last 1.5 months... and its performed beautifully. Future is bright for the commodities Currencies , especially AUD... over .85 in the next couple months i reckon, as the BS about the GFC being over really kicks in, confidence ups and oil gets bullish.
BUT- Can she climb back to .841 before i hit the pub tonight?....
... over .85 in the next couple months i reckon, as the BS about the GFC being over really kicks in, confidence ups and oil gets bullish.BUT- Can she climb back to .841 before i hit the pub tonight?....
- #2,452
- Aug 28, 2009 5:35am Aug 28, 2009 5:35am
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts
what do Intelligent ppl out there think about going short from here?
- #2,453
- Aug 28, 2009 5:41am Aug 28, 2009 5:41am
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts
china is the motor engine for australia thats CNBC point of view
http://img38.imagefra.me/img/img38/2...8m_7282d2b.png
chinese stocks up so does the aud/usd and vice versa trades well see you all next week
AUD is more equities related, but also commodities related, and being such a currency usually anticipates the moves of EUR and GBP
China equities probably saw their highs on May already, every move close to those highs (just broken on the Dow Jones indeed), is a good chance to long the dollar eventually
But on the short term I still expect dollar weakness up to 0,86 - 0,87
- #2,454
- Aug 28, 2009 7:26am Aug 28, 2009 7:26am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
It seems we are stuck on the 61.8% fib @ 77.98. Break this and I'm hoping we are going to go to 77.50. My 61.8% fib is from the 70.79 low to the 89.62 high achieved back in March of this year.
Here's something else that I get daily on email. It's Bank of Scotland's daily market strategy. Some of you may find it of use.
SSI: NZDUSD Ratio Flips, Retail Longs Surge 100% as Pair Tests Yearly High
Friday, 28 August 2009 09:28:30 GMT
Written by David Song, Currency Analyst
FXCM Speculative Sentiment Index (SSI) Statistics:
Intraday Highlight:
NZDUSD - The ratio of long to short positions in the NZDUSD stands at 1.48 as nearly 60% of traders are long. Yesterday, the ratio was at -1.39 as 58% of open positions were short. In detail, long positions are 100.0% higher than yesterday and 76.8% stronger since last week. Short positions are 2.9% lower than yesterday and 12.9% stronger since last week. Open interest is 40.1% stronger than yesterday and 39.9% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.
So it's looking like the average retail trader is short on the AUD but long on the NZD. Might make for an interesting trade on the cross AUD/NZD. Shucks, NZD long positions are 100% higher than yesterday. Interesting. And look at the USDCHF - must be a lot of traders currently doing this
Here's something else that I get daily on email. It's Bank of Scotland's daily market strategy. Some of you may find it of use.
SSI: NZDUSD Ratio Flips, Retail Longs Surge 100% as Pair Tests Yearly High
Friday, 28 August 2009 09:28:30 GMT
Written by David Song, Currency Analyst
FXCM Speculative Sentiment Index (SSI) Statistics:
Intraday Highlight:
NZDUSD - The ratio of long to short positions in the NZDUSD stands at 1.48 as nearly 60% of traders are long. Yesterday, the ratio was at -1.39 as 58% of open positions were short. In detail, long positions are 100.0% higher than yesterday and 76.8% stronger since last week. Short positions are 2.9% lower than yesterday and 12.9% stronger since last week. Open interest is 40.1% stronger than yesterday and 39.9% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.
So it's looking like the average retail trader is short on the AUD but long on the NZD. Might make for an interesting trade on the cross AUD/NZD. Shucks, NZD long positions are 100% higher than yesterday. Interesting. And look at the USDCHF - must be a lot of traders currently doing this
Nothing worth having is easy.
- #2,455
- Aug 28, 2009 8:27am Aug 28, 2009 8:27am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
fasten your seatbelt but dont panic aussie on the move , i just open my pc
- #2,456
- Aug 28, 2009 8:31am Aug 28, 2009 8:31am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
fasten your seatbelt but dont panic aussie on the move , i just open my pc
US futures green. I use this link - little delayed but gives you an idea. Gold and crude going up. You'd be a brave man to short at the moment. Consumer sentiment out soon though - that could throw a spanner in the works.
http://finance.yahoo.com/indices?e=futures
USDX currently at 77.89 now.
Nothing worth having is easy.
- #2,457
- Aug 28, 2009 8:35am Aug 28, 2009 8:35am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #2,458
- Aug 28, 2009 8:37am Aug 28, 2009 8:37am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
You're not still short are you?????
US futures green. I use this link - little delayed but gives you an idea. Gold and crude going up. You'd be a brave man to short at the moment. Consumer sentiment out soon though - that could throw a spanner in the works.
http://finance.yahoo.com/indices?e=futures
USDX currently at 77.89 now.
- #2,459
- Aug 28, 2009 8:51am Aug 28, 2009 8:51am
- Joined Oct 2006 | Status: Trader | 7,219 Posts
Nothing worth having is easy.
- #2,460
- Aug 28, 2009 9:01am Aug 28, 2009 9:01am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts