AUD/USD

with your style of scalping,did your broker give u any kind of slippage,re-quotes,etc? which broker r u using now that enable u to scalp big time and so frequently?

yup, China has raised the interest rate by 25 basis point

http://noir.bloomberg.com/apps/news?...8Vl_fAOI&pos=1

Yes, they raised interest rate by .25 point.
The question here what is the impact on AUD/USD pair...can anyone advice please?

well, aus is one of the trade partner with china, if china raise their interest rate, and this is not good for their currency, especially commodities currency... so, if the selling starts by next week, i am looking at the level of 0.96 level...

Expecting selling pressure on AUD on monday.

This rate hike is long overdue, and not a surprise (despite the fx crunch article---he must be short!). If you are a scalper, then this may affect you. There may be some selling pressure for a day or two. Maybe not. There is no way to know. Longer term, US is not raising rates anytime soon (fed has made this clear) and Aust. is still poised for at least one, maybe 2 hikes in 2011. This is one of the most attactive carry pairs to own, and probably will be for some time to come. Yes, there will be gyrations, but the overall pressure for this pair continues to be up. Also, looking at the Long to Short ratio of open positions, there has clearly been no capitulation by shorts. Until this happens, it will be very difficult to have a meaninful and sustained turn around.

The week between Christmas and New Year's is one of the most dangerous to trade... if not the most. I will never trade during this week again, period. If you are trading, please be very careful.

Regards,

But not most of the nation would increase their I.R on festive season, China is one big badass, increase their I.R on christmas, no one have expected that.

strategic move on their part, no big players to push their money around and also a bit of a show of power to Western culture i.e. disrespect, recent article China not allowing the use of English in print/websites, they are poising themselves as the next super power and will do what they please, their rules now (my POV).

Looks dangerously high to be honest!
Like the saying goes "nothing goes up forever"

Chinese interest rate hike was a surety, couple of weeks ago, on the release of inflation figures..appalling to say the least..OVER 5%!
Auss$ was trading towards 0.96..should have fallen below 0.9000.

This could now be the catalyst, even though it was done on the quite on Xmas Day. Most probably be the average investor on the street left holding as the main players, institutions bail out, quietly, like the Chinese rate hike!

Target...0.8941

Hi every body

Appears in the price range of 1.0107 to 1.0149 increase in the market selling pressure that can trigger the appropriate sale transaction was entered.

Hi, thanks for share your view...

Where do you think it will drop after that? Around 9920 or beyond?

Thanks,

Nice harmonics if it holds up.

Found this interesting piece on markets stop hunting!

Saturday, 25 December 2010
Active StopHunts for 2011

The Vultures are circling ready to pounce on both Buy & Sell Stops going into New Years and beyond. Their mission as always, is to feast on our stops and dash hopes that we are positioned correctly for the anticipated move by electing our stops first. When I am asked why this happens by traders who have seen my StopHunt forecasts fulfilled my only answer is " It is the vicious nature of markets to have as few on board as possible before a major move or turning point takes place." The method of eliminating weak longs and shorts is to cleanse the market by electing Stops at obvious technical areas that coventional chartists view as critical highs and lows. I love the quote from an olden days Market Guru Joe Granville he says " What is most obvious is Obviously wrong." Now the longer a support or resistence level is not violated, the larger is the accumation of Stop-Loss orders above or below resistence or support making the StopHunt more fruitful a much larger feast for the Vultures. Double and Triple tops and bottoms are favorite targets for stop hunts as both conviction and volume of Stops build in hope that those levels will hold. So in my work it becomes much more short term bearish or bullish if the unfinished business of electing Buy or Sell stops hasn't taken place!

The USDCAD is an active example as many participant are bottom picking this pair placing their Sell Stops under recent lows that have held for several weeks at .9978 and that technical fact alone has kept me negative that pair. In fact it is my contention that The Vultures will not complete this StopHunt untill they achieve taking out the most stubborn longs Sell Stops which are under last April's low of .9929 after that it will take fresh selling rather than liquidation to have the decline persist.

Going into the New year other active StopHunts include the low in USDCHF under .9462, USDJPY under .8233 which is not new lows like USDCHF which makes USDJPY my preferred long, but that is another lesson for later writings about Relative Strength.

Good Hunting!

Aus$ Luck could be running out!

http://twurl.nl/fweeoa

.9993

ya nice..

http://my.jetscreenshot.com/demo/201...skkg-198kb.jpg

Lot of commentators are calling below 0.9200, as a genuine target...with some recently calling a continuous fall around 0.80001

I have a target of approx 0.8900 which looks more then achievable.

Evidence of why they are calling below 0.92 level?

Alot of analysts are commenting how negative the China Interest Rate Hike is going to be for AUD; how AUD is way overpriced etc.

Some are technically claiming we should test the all time high before anything else.

One vs Another.

Short looks the most promising at this moment with some speculating more than 1000 pips to move while Long is less promising with just 100 pips of upmove.

Take your side and bet: Long or Short.

Regards..