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  • #323,521
  • Nov 10, 2010 6:39pm Nov 10, 2010 6:39pm
Isent this news pretty bad for AUS, which should strenghten the dollar! And drag this pair down?
  • #323,522
  • Nov 10, 2010 6:39pm Nov 10, 2010 6:39pm
lets see if au can take out those buyers at 1.00
  • #323,523
  • Nov 10, 2010 6:39pm Nov 10, 2010 6:39pm
Quoting mfoste1
shit......that aint nothin my friend
not normal to see tokyo high on speed usually? - i was gonna trade during tokyo but screw that! not even with my demo account!!
  • #323,524
  • Nov 10, 2010 6:42pm Nov 10, 2010 6:42pm
Quoting mfoste1
lets see if au can take out those buyers at 1.00
Levels like 1.0000 are often tough. Do you think the level will be taken out..?
  • #323,525
  • Nov 10, 2010 6:42pm Nov 10, 2010 6:42pm
Quoting jaylovin
not normal to see tokyo high on speed usually? - i was gonna trade during tokyo but screw that! not even with my demo account!!

the only volatility was on aud due to the negative employment data....thats expected. Im talking about REAL volatility that were about to see in the next few days.
  • #323,526
  • Nov 10, 2010 6:43pm Nov 10, 2010 6:43pm
Quoting Sunsi
Isent this news pretty bad for AUS, which should strenghten the dollar! And drag this pair down?
aud doesn't seem to be in the chart.. prolly not accurate

http://thismatter.com/money/futures/...llar-index.jpg
  • #323,527
  • Nov 10, 2010 6:45pm Nov 10, 2010 6:45pm
I think this will break below parity within the next hour. And make the dollar strenghten against other currencies.
  • #323,528
  • Nov 10, 2010 6:46pm Nov 10, 2010 6:46pm
Quoting jaylovin
aud doesn't seem to be in the chart.. prolly not accurate

http://thismatter.com/money/futures/...llar-index.jpg
here is a better one... aud not such a big player against the USDx... still:

http://www.forexmistress.com/wp-cont...-pai-curr3.jpg
  • #323,529
  • Nov 10, 2010 6:49pm Nov 10, 2010 6:49pm
Quoting Sunsi
Levels like 1.0000 are often tough. Do you think the level will be taken out..?

heavy seller came in at 1.0050.......it looks like there were buyers at just below 1.00. Given that the data was negative those buyers may go away. Chinese CPI will paint the picture a little better. If it comes in less than expected, that will be very bearish for aud due to the fact that most demand for australian commodities comes from china. So if china does need commodites, australian economy will suffer.
  • #323,530
  • Nov 10, 2010 6:50pm Nov 10, 2010 6:50pm
Quoting mfoste1
definitely could be, good spot alex ...............most of austrailias commodity demand comes from china.....hint hint.
Thanks Matt.

Today has been crazy, the down move then the up move.

I haven't found a direction but that's ok, been buying the up moves and selling the down moves on short tf's; just accumulating the pips

I notice you use fxcm for charts, are you still with dukas?
If only I knew then what I know now...
  • #323,531
  • Nov 10, 2010 6:52pm Nov 10, 2010 6:52pm
Quoting mfoste1
heavy seller came in at 1.0050.......it looks like there were buyers at just below 1.00. Given that the data was negative those buyers may go away. Chinese CPI will paint the picture a little better. If it comes in less than expected, that will be very bearish for aud due to the fact that most demand for australian commodities comes from china. So if china does need commodites, australian economy will suffer.
I think thats a smart way to think! And if the Chinise CPI comes out worse then expected, the AUD will fall below parity, and the dollar is likely to also strenghten agains other currencies, like the Euro. Do you agree?
Even tho the 30min charts looks to be forming a bullish pattern.
  • #323,532
  • Nov 10, 2010 6:52pm Nov 10, 2010 6:52pm
Quoting Alexgee
Thanks Matt.

Today has been crazy, the down move then the up move.

I haven't found a direction but that's ok, been buying the up moves and selling the down moves on short tf's; just accumulating the pips

I notice you use fxcm for charts, are you still with dukas?

yea i have accts with oanda fxcm and dukascopy. Its always good to have accounts with multiple borkers if you are a retail trader. Sometimes you may experience tech difficulties with one(ie not being able to log in, not getting filled on a order etc....) This is just what we must inevitably deal with as retail traders. For example, last week I didnt get filled on fomc @ 4180 on eu with fxcm, however oanda did fill my order there so I did get at least one trade.
  • #323,533
  • Nov 10, 2010 6:53pm Nov 10, 2010 6:53pm
Seems to me we a still in a downtrend. The 3800/20 area has been good resistance over the past 17/18 hrs. I would like to look for a short. The last 5 bars have been rather lackluster so I'll wait for a good bear candle, maybe after that Chinese data.
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Look Sharp/Trade Tight
  • #323,534
  • Nov 10, 2010 6:56pm Nov 10, 2010 6:56pm
Quoting Sunsi
I think thats a smart way to think! And if the Chinise CPI comes out worse then expected, the AUD will fall below parity, and the dollar is likely to also strenghten agains other currencies, like the Euro. Do you agree?
Even tho the 30min charts looks to be forming a bullish pattern.

yes
  • #323,535
  • Nov 10, 2010 6:57pm Nov 10, 2010 6:57pm
USD/JPY are having 3 bullish 1h candles, that are likely to help the dollar gain some strenght.
  • #323,536
  • Nov 10, 2010 6:58pm Nov 10, 2010 6:58pm
Quoting mfoste1
yea i have accts with oanda fxcm and dukascopy.
I still use Dukascopy because of ecn, and a couple of others but dropped fxcm because sine the accounts were repatriated, it just doesn't make sense to use them anymore. I have a hard time managing trades with the domestic leverage but I think the worst part is the no-hedge and fifo requirements.
Found a nice solution for it though, hint, largest fx bank in the world which allows all the above while having the account stateside.
If only I knew then what I know now...
  • #323,537
  • Nov 10, 2010 6:59pm Nov 10, 2010 6:59pm
Quoting PayTheLimit
Seems to me we a still in a downtrend. The 3800/20 area has been good resistance over the past 17/18 hrs. I would like to look for a short. The last 5 bars have been rather lackluster so I'll wait for a good bear candle, maybe after that Chinese data.
I am already short, but havent move my SL to break even yet
  • #323,538
  • Nov 10, 2010 7:00pm Nov 10, 2010 7:00pm
Quoting Alexgee
I still use Dukascopy because of ecn, and a couple of others but dropped fxcm because sine the accounts were repatriated, it just doesn't make sense to use them anymore. I have a hard time managing trades with the domestic leverage but I think the worst part is the no-hedge and fifo requirements.
Found a nice solution for it though, hint, largest fx bank in the world which allows all the above while having the account stateside.


db? citi?
  • #323,539
  • Nov 10, 2010 7:04pm Nov 10, 2010 7:04pm
Quoting mfoste1
db? citi?
DB. 100:1, full hedge, no fifo. They are a bank, and as such not subject to silly cftc rules.

Been using them for 10 days now and it's just like old days. Only difference is thay are not ecn so apreads are a little higher than Dukas, in line with all the others.
If only I knew then what I know now...
  • #323,540
  • Nov 10, 2010 7:08pm Nov 10, 2010 7:08pm
Quoting Alexgee
DB. 100:1, full hedge, no fifo. They are a bank, and as such not subject to silly cftc rules.

Been using them for 10 days now and it's just like old days. Only difference is thay are not ecn so apreads are a little higher than Dukas, in line with all the others.

hmmmm......i might move my fxcm and oanda accounts to db.
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