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  • #335,181
  • Nov 29, 2010 10:57pm Nov 29, 2010 10:57pm
Quoting sidhujag
If inflation is high having a high AUD isn't so bad. 9650??? your joking right... thats like 30 pips away dude.
Oh sorry, meant .9950, the high from the 'head & shoulders' formation on the 1d charts. & that is the highest I see it.
  • #335,182
  • Nov 29, 2010 10:58pm Nov 29, 2010 10:58pm
Maybe but remember that retail is still short that pair... its not about to fall off of a cliff.. its probably the best performing if there is a mini bull run here. If you are short AU you should be short something else.
  • #335,183
  • Nov 29, 2010 11:02pm Nov 29, 2010 11:02pm
Quoting sidhujag
Maybe but remember that retail is still short that pair... its not about to fall off of a cliff.. its probably the best performing if there is a mini bull run here. If you are short AU you should be short something else.
I change day-by-day of course, as of now, short ... everything, long USD. {even though USD has fake sense of stability ... it is profitable for the time being}.

1. U.S. banks/retail LOVE to manipulate data. So even though 'strong sales' don't mean 'strong profit' ... the general public thinks that it does. Holiday season is off to over 6% rise in spending over last year, on terms for record spending holiday.

2. as we go into December, holiday season, I think the trend we are on is going to stay put for the time being.

all IMO of course & can change hour by hour.
  • #335,184
  • Nov 29, 2010 11:05pm Nov 29, 2010 11:05pm
Also, AUD imports goods & Export commodities {coal, etc}.

Compared to a few months ago, Aussies are paying roughly 10-20% more for products & taking a 10-20% pay cut on items exported. OR they make the same amount, causing inflation.

Euro might be crashing, but as far as AUD i just think that it is in the process of PPP {Purchasing power parity}.
  • #335,185
  • Nov 29, 2010 11:07pm Nov 29, 2010 11:07pm
More and more shorts are coming in.

I feel that the inflation trade will still be here.
THE USD is going to get trampled soon.

I am seeing $1.4 for the EURO by jan
  • #335,186
  • Nov 29, 2010 11:10pm Nov 29, 2010 11:10pm
Quoting stocktrader
More and more shorts are coming in.

I feel that the inflation trade will still be here.
THE USD is going to get trampled soon.

I am seeing $1.4 for the EURO by jan
Where do you get 1.4 from? please explain.

They don't have any money, IMF said they will be broke if they bail out Spain .. and IMF is pretty much funded by the U.S. & only assets are 100,000,000 ounces of gold ... paid by the U.S. for the most part.

if Euro figures out something fast, it can go up, but with the broke country, the value of the EURO cannot be 1.40+ unless you are talking about massive inflation.
  • #335,187
  • Nov 29, 2010 11:12pm Nov 29, 2010 11:12pm
Quoting sidhujag
What was your entry criteria?
the daily 50% fib is @ 3079,and there is a pinbar on 1h chart ,so i setup long position and stop lose @ the lowest price .
A chart helps those who can read it.
  • #335,188
  • Nov 29, 2010 11:14pm Nov 29, 2010 11:14pm
Quoting geniusztc
the 50% fib is @ 3079,and there is a pinbar on 1h chart ,so i setup long position and stop lose @ the lowest price .
Your going long a couple hours before the 10+ different news releases from EURO zone & 10 hours from 10ish US news releases.

you are going 'risk', goodluck.
  • #335,189
  • Nov 29, 2010 11:18pm Nov 29, 2010 11:18pm
Quoting sidhujag
What was your entry criteria?
that is the new forex trading technique

It is called ... Russian Roulette

lol
Blogging daily now at www.volume.zone
  • #335,190
  • Nov 29, 2010 11:22pm Nov 29, 2010 11:22pm
The current Euro pricing is underpinned by hopes of success of the Ireland bailout. Just curious what if the Irish Parliament refuse to pass the bill and hence the bailout is unsuccessful, what will be the impact on the EURUSD pair?
  • #335,191
  • Nov 29, 2010 11:23pm Nov 29, 2010 11:23pm
climb
  • #335,192
  • Nov 29, 2010 11:23pm Nov 29, 2010 11:23pm
Quoting malcolmb14
that is the new forex trading technique

It is called ... Russian Roulette

lol
Haha Mal you know the reason I asked... since I know you probably got in at the same place or lower riding BE.
  • #335,193
  • Nov 29, 2010 11:25pm Nov 29, 2010 11:25pm
1-2-3 sell formation on daily charts ( 1.33 was breakdown of bear flag on weekly) gives us a 161.8 fe of 1.2425 .... most liekly target IF us stock markets roll over.


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Blogging daily now at www.volume.zone
  • #335,194
  • Nov 29, 2010 11:26pm Nov 29, 2010 11:26pm
Higher baby higher
  • #335,195
  • Nov 29, 2010 11:26pm Nov 29, 2010 11:26pm
Quoting malcolmb14
1-2-3 sell formation on daily charts ( 1.33 was breakdown of bear flag on weekly) gives us a 161.8 fe of 1.2425 .... most liekly target IF us stock markets roll over.


Attachment
Mal another flash crash on the horizon over on ES?

From what I read it will be a Nasdaq lead selloff since they outperformed during the rally.
  • #335,196
  • Nov 29, 2010 11:27pm Nov 29, 2010 11:27pm
Quoting sidhujag
Haha Mal you know the reason I asked... since I know you probably got in at the same place or lower riding BE.
lol ..... I am not even trying to buy EU even for a retrace any more , not now it broke that weekly channel

BUT I did see the stopping volume on 60 min you are referring to
Blogging daily now at www.volume.zone
  • #335,197
  • Nov 29, 2010 11:28pm Nov 29, 2010 11:28pm
Quoting sidhujag
Mal another flash crash on the horizon over on ES?

From what I read it will be a Nasdaq lead selloff since they outperformed during the rally.
Nasdaq seems to be the leading index. Not sure why but a hedge fund trader showed me this once.
Blogging daily now at www.volume.zone
  • #335,198
  • Nov 29, 2010 11:28pm Nov 29, 2010 11:28pm
Quoting mikej2010
Your going long a couple hours before the 10+ different news releases from EURO zone & 10 hours from 10ish US news releases.

you are going 'risk', goodluck.
what is risk ? actually,every trade have risk .we just do a job with risk. the key point is controling risk. the risk between 3085 and the lowset price is the range which i can accept. and i do not care about news ,and i do not know the news you said .
A chart helps those who can read it.
  • #335,199
  • Nov 29, 2010 11:29pm Nov 29, 2010 11:29pm
Quoting malcolmb14
lol ..... I am not even trying to buy EU even for a retrace any more , not now it broke that weekly channel

BUT I did see the stopping volume on 60 min you are referring to
I wouldn't be surprised it if shot up now... typical of the criminals but hey who said it was going to be easy?

I called a good R:R trade just a few minutes ago lets see how good it is.
  • #335,200
  • Nov 29, 2010 11:30pm Nov 29, 2010 11:30pm
Quoting beginnerluck
The current Euro pricing is underpinned by hopes of success of the Ireland bailout. Just curious what if the Irish Parliament refuse to pass the bill and hence the bailout is unsuccessful, what will be the impact on the EURUSD pair?
You have to ask yourself where the money comes from, IMF is mostly US funded.

I don't think Ireland is the problem here.

Any accounting majors here? if so, please understand the difference between regular accounting .. and the 'other' world ... not-for-profit accounting {gov't, etc} this kind of accounting is just funneling money around.

This money is just being funneled around, they will take it, and think about it also. It is at 6.9% interest ... which is more then they can afford with their current GDP pretty much, but then they get offered 'interest free' for 4 or 6 years or whatever.

I personally think all of the U.S. bailout money was nothing more then paying out insurance policies for gov't insured loan packages sold to Asian & European investors.
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