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AUD/USD

  • #9,201
  • Nov 17, 2009 5:58pm Nov 17, 2009 5:58pm
Quoting G_Man
next target: NZD/USD short at 7500 ...

7460 looks good too ...
Branching out nowadays G_Man? How'd that gold trade make you feel?
  • #9,202
  • Nov 17, 2009 6:18pm Nov 17, 2009 6:18pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Wile E
Branching out nowadays G_Man? How'd that gold trade make you feel?
so far so good ... but you just never know ...

guys in EUR thread is scaring me ...
  • #9,203
  • Nov 17, 2009 6:38pm Nov 17, 2009 6:38pm
Quoting G_Man
so far so good ... but you just never know ...

guys in EUR thread is scaring me ...
Hi G_MAN, just lil info for gold and commodities hope its help abit

http://www.thebulliondesk.com/

http://www.kitco.com/reports/
  • #9,204
  • Nov 17, 2009 6:57pm Nov 17, 2009 6:57pm
Quoting G_Man
so far so good ... but you just never know ...

guys in EUR thread is scaring me ...

I read those posts. Quite interesting I must say.

FYI, India purchased 2MT gold sometime ago. It was only last week or so they actually took the delivery of it (diversify their US$ holdings).

I may be wrong but there are some predictions that say gold will hit $1,500 by next yearend.
  • #9,205
  • Nov 17, 2009 7:04pm Nov 17, 2009 7:04pm
Quoting puks
I read those posts. Quite interesting I must say.

FYI, India purchased 2MT gold sometime ago. It was only last week or so they actually took the delivery of it (diversify their US$ holdings).

I may be wrong but there are some predictions that say gold will hit $1,500 by next yearend.
we cannot predict weather even the next day accurately (weather is a non linear dynamic domain same as the markets) what makes you think that actual predictions within markets can exist ?
  • #9,206
  • Nov 17, 2009 7:07pm Nov 17, 2009 7:07pm
Quoting kegra
we cannot predict weather even the next day accurately (weather is a non linear dynamic domain same as the markets) what makes you think that actual predictions within markets can exist ?
Irrational exuberance of mankind?
  • #9,207
  • Nov 17, 2009 7:14pm Nov 17, 2009 7:14pm
Inserted Video


lunch time
  • #9,208
  • Nov 17, 2009 7:17pm Nov 17, 2009 7:17pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
Hi G_MAN, just lil info for gold and commodities hope its help abit

http://www.thebulliondesk.com/

http://www.kitco.com/reports/
thanks ben, i wish the whole man kind including me is as helpful as you ...
  • #9,209
  • Nov 17, 2009 7:22pm Nov 17, 2009 7:22pm
http://www.dailyreckoning.com.au/category/currencies/
  • #9,210
  • Nov 17, 2009 7:37pm Nov 17, 2009 7:37pm
Quoting G_Man
thanks ben, i wish the whole man kind including me is as helpful as you ...
me man you should thank shorted gold with 1000 standard lots ... 100 milion dollars for you to go gold from 1143.50 to 1139 lol...
  • #9,211
  • Nov 17, 2009 7:38pm Nov 17, 2009 7:38pm
Quoting Wile E
Irrational exuberance of mankind?
mmm an insider...
  • #9,212
  • Nov 17, 2009 7:45pm Nov 17, 2009 7:45pm
just saw a report by westpac on TV that they have revised upwards their inflation views and that they are of the opinion that there will be a .25% rate rise in december by the RPA.
Find a job that you love and you dont have to work again in your life.
  • #9,213
  • Nov 17, 2009 7:46pm Nov 17, 2009 7:46pm
Quoting kegra
me man you should thank shorted gold with 1000 standard lots ... 100 milion dollars for you to go gold from 1143.50 to 1139 lol...
You better buy a new calculator.......($450,000)
Price is what you pay. Value is what you get
  • #9,214
  • Nov 17, 2009 7:48pm Nov 17, 2009 7:48pm
Hi guys, I will take a long here at 0.928 with a tight 10 pip SL to see the hour close back above the 0.9287 level and possibly re-test the daily/weekly piv zone at 0.93.

As usual will exit half at +10 (if we make it there) to make this a free trade.
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  • #9,215
  • Nov 17, 2009 7:58pm Nov 17, 2009 7:58pm
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting kegra
me man you should thank shorted gold with 1000 standard lots ... 100 milion dollars for you to go gold from 1143.50 to 1139 lol...
just closed 50% at 1139 ...
  • #9,216
  • Nov 17, 2009 8:00pm Nov 17, 2009 8:00pm
Quoting Scalpin
You better buy a new calculator.......($450,000)
man dont know about your calculator , i dont need one when my broker says 1000 lots then you need 100.000.000 milion dollars to fill them.

1 lot = 100.000
10 lot = 1.000.000
100 lot = 10.000.000
1000 = 100.000.000

and this was the volume to absorb buying power from 1143 to 1139

where is me wrong...??
  • #9,217
  • Nov 17, 2009 8:01pm Nov 17, 2009 8:01pm
Burnt very quickly on that short looks like we are headed for support zone quicker than I would have liked. Might be pretty AUD bearish.
  • #9,218
  • Nov 17, 2009 8:18pm Nov 17, 2009 8:18pm
Quoting sinner-
Burnt very quickly on that short looks like we are headed for support zone quicker than I would have liked. Might be pretty AUD bearish.
Yep, I'm not liking the PA for longs at the moment. Sentiment readings are not very supportive for longs either. Traders piling in. If it goes up from here, I'll just have to miss out.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.02 as nearly 50% of traders are short. Yesterday, the ratio was at -1.84 as 65% of open positions were short. In detail, long positions are 34.7% higher than yesterday and 34.0% stronger since last week. Short positions are 25.2% lower than yesterday and 24.4% weaker since last week. Open interest is 4.1% weaker than yesterday and 0.3% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.

EURUSD - The ratio of long to short positions in the EURUSD stands at 1.01 as nearly 50% of traders are long. Yesterday, the ratio was at -1.87 as 65% of open positions were short. In detail, long positions are 52.0% higher than yesterday and 41.8% stronger since last week. Short positions are 19.2% lower than yesterday and 25.0% weaker since last week. Open interest is 5.6% stronger than yesterday and 3.4% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.
Nothing worth having is easy.
  • #9,219
  • Nov 17, 2009 8:28pm Nov 17, 2009 8:28pm
Quoting Patience
Yep, I'm not liking the PA for longs at the moment. Sentiment readings are not very supportive for longs either. Traders piling in. If it goes up from here, I'll just have to miss out.
Went short at 0.928 with a bit more room to breathe SL at the piv zone 0.9306 . Also placed a pending sell limit at 0.92918 with the same SL but doubt we will get back there now.

Those unfamiliar with balance line trades can examine the rationale here:
http://www.alpari.co.uk/en//alpari_a...nce_lines.html

(assumes some knowledge of BW trading style)

EDIT: PS: SWFX sentiment index has liquidity providers as net long AUD currency basket.
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  • #9,220
  • Nov 17, 2009 8:36pm Nov 17, 2009 8:36pm
Sorry to flood with calls. But I also add sell stop for break of the last hourly low 0.9267 with same SL and on the close of this hourly bar will add more sell stop just below this hours low.
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