woot she(aud) 5 minute move away from 8660
- #3,184
- Sep 8, 2009 8:44pm Sep 8, 2009 8:44pm
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts
that is a good call Fammira also she is abit strugling on 5 minute chart to climb above 0.8660 my finger is ready
I missed an entry with a small lot at 0,8652 but I still wait for it at these levels and up to 0,87
forex often gives a second chance
data maybe an excuse to start taking profit
I missed an entry with a small lot at 0,8652 but I still wait for it at these levels and up to 0,87
forex often gives a second chance
I doubt if we'll see .8660 anytime soon. I strongly believe we'll see 84 from here first before we'll see .8700.
1 pip :-)
- #3,190
- Sep 8, 2009 9:13pm Sep 8, 2009 9:13pm
- | Joined Nov 2007 | Status: Trader | 2,903 Posts
Would rather long the USD elsewhere.
Which means AUDUSD should tank further
Which means AUDUSD should tank further
- #3,191
- Sep 8, 2009 9:14pm Sep 8, 2009 9:14pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
Aye... forex is always about patience... slow and steady wins the frucking race xD
Yep... planning to long around the low 8400 region where we may see some strong support. I dont look to technicals too much when I trade as I'm more of a fundamentalist. And fundamentally, 8600 is a bit overbought. Also, China's possible bubble crisis may still yet to take into effect so thats one thing to watch out for as well.
so are you expecting bubble burst in chinese equity as the stimulus spending runs out? also the consumers and global demand can not support this rally (over bought)!http://img37.imagefra.me/img/img37/2...1m_39baa7a.png
the aussie will correct it self so downward pressure is on and already see it through chart
- #3,192
- Sep 8, 2009 9:17pm Sep 8, 2009 9:17pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
indecisive actions from traders as i see it! take a risk, how may pips can i milk from this narrow range(60 pips) before break out or expansion accured.
- #3,193
- Sep 8, 2009 9:20pm Sep 8, 2009 9:20pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
8620 support level is clear ,next 8600 
Havent checked much on China yet.... last I read was stuff about how stimulus money was being used to buy stocks and houses rather than investments into economy such as infrastructure of consumer spending.
And these arent your average joes just doing it, factories, monks etc... were buying up stocks and it was just going up like crazy. People even went into group buys on slum-like properties.
Of course this is being realised, and the government is trying to control this outburst. By taking away stimulus money, people may be able to refocus...
