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  • #12,341
  • May 20, 2010 6:21pm May 20, 2010 6:21pm
Quoting Yebisu
That makes sense now. I hadnt seen any interest rates changes yet, so I doubted that they would stop the carry trade yet. Oh well, it was a nice ride on those currencies while they lasted.....unless they are reloading....
They aren't going to reload until the fear and panic is over.
Until then they are preserving capital I think.
  • #12,342
  • May 20, 2010 6:33pm May 20, 2010 6:33pm
Quoting simpleman
But Chinese are still expecting 9%+ growth, Indians are still expecting 8%+ growth and the worldwide GDP has been revised up to 4%+ therefore, OZ will keep doing it better in the days to come.

It is just my opinion.
Yes, very true they are forecasting that growth. But if you look at a chart of the Hang Seng index or any of the China ETF'S (FXI, GXC, FXC) then they aren't looking to pretty.
  • #12,343
  • May 20, 2010 6:39pm May 20, 2010 6:39pm
Quoting simpleman
But Chinese are still expecting 9%+ growth, Indians are still expecting 8%+ growth and the worldwide GDP has been revised up to 4%+ therefore, OZ will keep doing it better in the days to come.

It is just my opinion.
Another thing is governments like to massage statistics. From what I've heard, the Chinese government is one of the worst at that.
"Don't trade to trade . . . trade to win." - James16
  • #12,344
  • May 20, 2010 6:39pm May 20, 2010 6:39pm
Quoting elitejets
Yes, very true they are forecasting that growth. But if you look at a chart of the Hang Seng index or any of the China ETF'S (FXI, GXC, FXC) then they aren't looking to pretty.
Well, may be stocks are overvalued that's why they are going down. I don't know the average P/E. But it is good to know you are keep any eye on everything.

Another point on Oz downfall if world is expecting lower growth then it will be across the board (all the countires aound the world), therefore everyone will have similar impact and it will come back to square one again where people will go for higher rate currency and Oz will benefit.
  • #12,345
  • May 20, 2010 6:43pm May 20, 2010 6:43pm
Quoting Flem26
Another thing is governments like to massage statistics. From what I've heard, the Chinese government is one of the worst at that.
yes true but not the GDP number with big differrences, I can understand manipulation about 0.5 to 1% but not huge shinanigans. I know they have kept their currency rates artificially low but if they do not who will suffer, it will be us in the west as things will be even more expensive as we buy everything from Chinese.
  • #12,346
  • May 20, 2010 7:06pm May 20, 2010 7:06pm
Quoting simpleman
yes true but not the GDP number with big differrences, I can understand manipulation about 0.5 to 1% but not huge shinanigans. I know they have kept their currency rates artificially low but if they do not who will suffer, it will be us in the west as things will be even more expensive as we buy everything from Chinese.
Don't let China fool you. They are in big trouble too. Many accountants can't make sense of their bank balance sheets.
"Don't trade to trade . . . trade to win." - James16
  • #12,347
  • May 20, 2010 7:53pm May 20, 2010 7:53pm
For real?
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  • #12,348
  • May 20, 2010 9:02pm May 20, 2010 9:02pm
Are we still debating the significance of this?
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  • #12,349
  • May 20, 2010 9:06pm May 20, 2010 9:06pm
Quoting Alexandra
Are we still debating the significance of this?
Just a short pause before 1.18 and then parity. Too much dollar denominated debt out there still. King dollar rules your mule.
"Don't trade to trade . . . trade to win." - James16
  • #12,350
  • May 20, 2010 9:16pm May 20, 2010 9:16pm
Quoting Flem26
Just a short pause before 1.18 and then parity. Too much dollar denominated debt out there still. King dollar rules your mule.

That makes a market. Time will tell. The real point is that the next time a major market hits a long term 50, use your left brain, not your imagination. And don't listen to advice on websites about flawed fundamental analysis that you cannot really explain.
  • #12,351
  • May 20, 2010 9:23pm May 20, 2010 9:23pm
Idiots' version of the prior chart
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  • #12,352
  • May 20, 2010 9:29pm May 20, 2010 9:29pm
Quoting Alexandra
Idiots' version of the prior chart
Ha You are on fire tonight. Don't look at USDJPY, it's not pretty but not really bad yet either ...
  • #12,353
  • May 20, 2010 9:29pm May 20, 2010 9:29pm
Hmmmmm
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  • #12,354
  • May 20, 2010 9:32pm May 20, 2010 9:32pm
Quoting elitejets
Ha You are on fire tonight. Don't look at USDJPY, it's not pretty but not really bad yet either ...
LOL - You know me...looking for a chance to pounce there. That TL is still intact...retest?
  • #12,355
  • May 20, 2010 9:34pm May 20, 2010 9:34pm
Quoting Alexandra
That makes a market. Time will tell. The real point is that the next time a major market hits a long term 50, use your left brain, not your imagination. And don't listen to advice on websites about flawed fundamental analysis that you cannot really explain.
That was a great catch for the mavericks out there. But you got a little help from your friends (short covering+intervention or threats of intervention)
"Don't trade to trade . . . trade to win." - James16
  • #12,356
  • May 20, 2010 9:36pm May 20, 2010 9:36pm
Quoting Flem26
That was a great catch for the mavericks out there. But you got a little help from your friends (short covering+intervention or threats of intervention)
If you want friends in Forex, get a dog!
  • #12,357
  • May 20, 2010 9:37pm May 20, 2010 9:37pm
Quoting Alexandra
Idiots' version of the prior chart
Looks like that sucker might have some problems around 88. May have to pay some attention to that pair.
"Don't trade to trade . . . trade to win." - James16
  • #12,358
  • May 20, 2010 9:40pm May 20, 2010 9:40pm
Quoting Flem26
Looks like that sucker might have some problems around 88. May have to pay some attention to that pair.

Ahh, indeed, my friend, now you are thinking!
  • #12,359
  • May 20, 2010 9:44pm May 20, 2010 9:44pm
Quoting Alexandra
Ahh, indeed, my friend, now you are thinking!
The trend line definitely adds weight.
"Don't trade to trade . . . trade to win." - James16
  • #12,360
  • May 20, 2010 11:18pm May 20, 2010 11:18pm
Hammer,
Shooting Star,
BUOB, = bullish outerbar
BUEB = ?????
BEOB = bearish outerbar
BEEB = ?????

what are the above? englufing bars? if so whats the difference from outerbars?
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