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  • #10,981
  • Dec 7, 2009 6:35am Dec 7, 2009 6:35am
I see there is a good divide between AUD bulls and AUD bears here at FF.

Lets see who gets the crown.

a weekly close below .8950 and bears win and a weekly close above .9180, bulls are back in the drivers seat...

Don't forget, uncle Steven is going to deliver his speech tomorrow and I am sure he'd be buoyed by strong US numbers, then we have retail sales and employment numbers, which IMHO, are going to be good.
  • #10,982
  • Dec 7, 2009 6:35am Dec 7, 2009 6:35am
Quoting TexasforEX
The aussie will fall to .82 (minimum) by the end of January 2010. This is going to be a deep retracement, imo. Somebody wins, somebody loses; that is trading. Market will be the judge.
Where did you get 0.82 from ??!??
  • #10,983
  • Dec 7, 2009 6:36am Dec 7, 2009 6:36am
Quoting TexasforEX
The aussie will fall to .82 (minimum) by the end of January 2010. This is going to be a deep retracement, imo. Somebody wins, somebody loses; that is trading. Market will be the judge.
You could be right and a weekly close below .8910 and I will be boarding the South bus, all the way to Tasmania.

Sydney to Hobart :-))
  • #10,984
  • Dec 7, 2009 6:37am Dec 7, 2009 6:37am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
you will see another new high for gold this year again if not atleast 1200 ... it could be next week ...

when i started trading and i was new, i used to always avoid trading on Monday ...
  • #10,985
  • Dec 7, 2009 6:37am Dec 7, 2009 6:37am
Quoting Daytrader74
Where did you get 0.82 from ??!??

My charts.

And no I will not open my toolbox for you this morning.
"Timing Is Everything. Really I Swear It Is"
  • #10,986
  • Dec 7, 2009 6:38am Dec 7, 2009 6:38am
Quoting TexasforEX
My charts.

And no I will not open my toolbox for you this morning.
You have a tool box for trading the AUD ?
  • #10,987
  • Dec 7, 2009 6:39am Dec 7, 2009 6:39am
Quoting Daytrader74
You have a tool box for trading the AUD ?

toolbox = indicators, techniques, methodologies + fundies to develop a trading plan.
"Timing Is Everything. Really I Swear It Is"
  • #10,988
  • Dec 7, 2009 6:41am Dec 7, 2009 6:41am
Look y'all; I just think this is going to be a sharp sharp bear ($$ strength in a prolonged period of $$$ weakness) market rally. Enough to shake out alot of the weak and lazy dollar shorts before the $$$ resumes its march lower.

I already have shorts for the pound, kiwi and aussie and will add shorts on a significant rally until second or third week in January. I expect the thin Xmas market to be friggin nuts.
"Timing Is Everything. Really I Swear It Is"
  • #10,989
  • Dec 7, 2009 6:44am Dec 7, 2009 6:44am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting TexasforEX
The aussie will fall to .82 (minimum) by the end of January 2010. This is going to be a deep retracement, imo. Somebody wins, somebody loses; that is trading. Market will be the judge.
yes i agree, i do ...

but lets not talk about 2010 ... cuz we all need to make cash this month ... or should i say this week ...

i beleive 8910 is a very good entry for long ... and 9400 is for short till then i wouldnt touch this pair ...

NZD is even more bearish than AUD ...
  • #10,990
  • Dec 7, 2009 6:47am Dec 7, 2009 6:47am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting puks
You could be right and a weekly close below .8910 and I will be boarding the South bus, all the way to Tasmania.

Sydney to Hobart :-))
puks, 8910 is a long (short term one or could be long term) ...
  • #10,991
  • Dec 7, 2009 6:52am Dec 7, 2009 6:52am
Quoting G_Man
you will see another new high for gold this year again if not atleast 1200 ... it could be next week ...

when i started trading and i was new, i used to always avoid trading on Monday ...
Hi Gman , you make a killing trades on gold short ?
  • #10,992
  • Dec 7, 2009 6:54am Dec 7, 2009 6:54am
Quoting G_Man
puks, 8910 is a long (short term one or could be long term) ...
If its penetrated, yes its good for long but a weekly close below would signal a trend reversal, IMHO.

I am currently nett long anyway.
  • #10,993
  • Dec 7, 2009 6:57am Dec 7, 2009 6:57am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
Hi Gman , you make a killing trades on gold short ?
yes, 2 weeks in a row ... fat christmas bonus so i am gonna have a slow one this week ...

why dont you try snow balling at gold?
  • #10,994
  • Dec 7, 2009 7:03am Dec 7, 2009 7:03am
I going to short some gold now....
  • #10,995
  • Dec 7, 2009 7:05am Dec 7, 2009 7:05am
Quoting G_Man
yes, 2 weeks in a row ... fat christmas bonus so i am gonna have a slow one this week ...

why dont you try snow balling at gold?
fcuk !! i should short it like you did, thats my strategy you know always shorting while people buying
  • #10,996
  • Dec 7, 2009 7:10am Dec 7, 2009 7:10am
Quoting puks
.
Puks have you ever withdraw money from the go market broker? whats the xperience like? is it fast ? i mean no problem?
  • #10,997
  • Dec 7, 2009 7:15am Dec 7, 2009 7:15am
Quoting ben10
Puks have you ever withdraw money from the go market broker? whats the xperience like? is it fast ? i mean no problem?
I haven't yet withdrawn from them yet but from what I hear from people, it shouldn't be a problem.

Hopefully, using snowball theory, I should be in a position to withdraw some by the end of this week :-)
  • #10,998
  • Dec 7, 2009 7:18am Dec 7, 2009 7:18am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting ben10
fcuk !! i should short it like you did, thats my strategy you know always shorting while people buying
yea sure, as long as you have a solid strong heart, you should be fine ...
  • #10,999
  • Dec 7, 2009 7:19am Dec 7, 2009 7:19am
Quoting puks
I haven't yet withdrawn from them yet but from what I hear from people, it shouldn't be a problem.

Hopefully, using snowball theory, I should be in a position to withdraw some by the end of this week :-)
  • #11,000
  • Dec 7, 2009 7:25am Dec 7, 2009 7:25am
anybody has opinion about the aussie close below 91 this week? and why?
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