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  • #31,221
  • Jul 23, 2011 5:07am Jul 23, 2011 5:07am
[quote=VennD;4803867]Apologize ... I need to correct an info on the above matter. It is not 1,590 workers but number of events/cases. U can google it in the United States Department of Labor / Bureau of Labor Statistic. However I think this data has been calculated into the Unemployment / Jobless Claim. Therefore , this data I presume can only bring in 10-20 pips during the release.

Hi VennD,

No need apologize I did research on US DOL for the figures u mentioned. But I still couldn't find it. But it's ok. What's ur conclusion from the data changes?

Next week is on wk before Obama s reelection. Also decision of whether debt celling ll be increased temperately or permanently or stay the same gonna affect USD. So based on the factors, what's ur plan for next wk trading?

Tks and hv a gd wknd
  • #31,222
  • Edited 2:18pm Jul 23, 2011 7:11am | Edited 2:18pm
Quoting audangel
Hi VennD,

No need apologize I did research on US DOL for the figures u mentioned. But I still couldn't find it. But it's ok. What's ur conclusion from the data changes?

Next week is on wk before Obama s reelection. Also decision of whether debt celling ll be increased temperately or permanently or stay the same gonna affect USD. So based on the factors, what's ur plan for next wk trading?

Tks and hv a gd wknd
My easy answer is .... " I don't know " ... but most technical analysts says this AU is going up if 790 holds .... next resistance 890 ... just follow the steps .... any resistances blown and hold .... means continuation of further ups. Otherwise .... downs ! ... don't make it complicated.

If Im confuse between fundies and technicals ..... throw both of them away ........ and just read the naked charts / candles .... what it ask me to do.
  • #31,223
  • Jul 23, 2011 7:14am Jul 23, 2011 7:14am
[quote=VennD;4803943]
Quoting audangel

My easy answer is .... " I don't know " ... but most technical analysts says this AU is going up if 790 holds .... next resistance 890 ... just follow the steps .... any resistances blown and hold .... means continuation of further ups. Otherwise .... downs ! ... don't make it complicated.

If Im confuse between fundies and technicals ..... throw both away and just read the naked charts / candles .... what it ask me to do.
That's a easy step to follow tks again for posting all those charts and advices
  • #31,224
  • Edited 2:15pm Jul 23, 2011 1:53pm | Edited 2:15pm
... Something must be going on , in here that affected AU. Scalp short !
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  • #31,225
  • Jul 23, 2011 3:17pm Jul 23, 2011 3:17pm
There're some improvements in Australia's Import and Export last week data ... so I presume it must be mostly with New Zealand... Blindly scalp short on NU... anyways .... who cares .... if I wanna short it..
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  • #31,226
  • Jul 23, 2011 9:19pm Jul 23, 2011 9:19pm
[quote=VennD;4804177]... Something must be going on , in here that affected AU. Scalp short ![/quot

I dont understand u mean short gold or AU? charts is gold but u mentioned about AU
  • #31,227
  • Edited 9:45pm Jul 23, 2011 9:31pm | Edited 9:45pm
Quoting audangel

I dont understand u mean short gold or AU? charts is gold but u mentioned about AU
Which country produces and export most gold in the world ? btw .... Gold is ranging in there , mam.
  • #31,228
  • Edited 9:48pm Jul 23, 2011 9:41pm | Edited 9:48pm
Quoting Ortov
What indicator for harmonic pattern?
...Excuse me .... wt pattern ur talkn abt .... I drew wtever I like coz there're times when trading fx is boring .... that's when the amusement came ... u can see from earlier post ... that I can even see baby dragon , pyramid , kangaroo , etc., in a chart .... and wt those symbols means to me ..... cheers !
  • #31,229
  • Jul 23, 2011 9:50pm Jul 23, 2011 9:50pm
Quoting VennD
Which country produces and export most gold in the world ? btw .... Gold is ranging in there , mam.
China is
  • #31,230
  • Jul 23, 2011 9:52pm Jul 23, 2011 9:52pm
Quoting VennD
I can even see baby dragon , pyramid , kangaroo , etc., in a chart !
i found baby dragon, but trouble finding kangaroo on your chart can you help me ,

*Sunday is fun day
Mohan
  • #31,231
  • Jul 23, 2011 10:25pm Jul 23, 2011 10:25pm
Quoting audangel
China is
Can u search for the correct answer thoroughly , for me , please ?
  • #31,232
  • Jul 23, 2011 10:32pm Jul 23, 2011 10:32pm
Quoting VennD
Can u search for the correct answer thoroughly , for me , please ?
FYO
Gold – Australia is the second largest producer after China.[9]

http://en.wikipedia.org/wiki/Mining_in_Australia

The Top Five Gold Producing Countries

Posted by David
June 4, 2010


As the Euro dipped to a four-year low and stocks fell further today gold prices rose. Gold for August delivery rose 0.6% to reach $1,217,90 an ounce on the New York Mercantile Exchange.
South Africa no longer holds the title of the world’s largest gold producer.Currently China is the world’s top gold producing country. The total global output is 2,350 metric tons.
The world’s top five gold producing countries with the share of their global output are listed below:

  1. China – 12.8%
  2. Australia – 9.4%
  3. South Africa – 8.9%
  4. USA – 8.9%
  5. Russia – 7.9%

http://topforeignstocks.com/2010/06/...ing-countries/

  • #31,233
  • Jul 23, 2011 10:38pm Jul 23, 2011 10:38pm
Quoting VennD
Can u search for the correct answer thoroughly , for me , please ?
producer http://en.wikipedia.org/wiki/List_of...old_production
Export might different as china consume lot of gold
Mohan
  • #31,234
  • Jul 23, 2011 10:41pm Jul 23, 2011 10:41pm
Quoting mohan76
i found baby dragon, but trouble finding kangaroo on your chart can you help me ,

*Sunday is fun day
..... Post # 30877 & 30891 , anyway ... that's what I see ...
  • #31,235
  • Jul 23, 2011 10:42pm Jul 23, 2011 10:42pm
Quoting mohan76
producer http://en.wikipedia.org/wiki/List_of...old_production
Export might different as china consume lot of gold
I agree with your answer. Thank you.
  • #31,236
  • Edited 11:01pm Jul 23, 2011 10:48pm | Edited 11:01pm
Quoting VennD
I agree with your answer. Thank you.
opps china importing gold
China produced 340 metric tons of gold last year and consumption was about 700 tons, leaving a gap of 350 tons to 360 tons.

http://www.bloomberg.com/news/2011-0...ncil-says.html
Mohan
  • #31,237
  • Jul 23, 2011 10:49pm Jul 23, 2011 10:49pm
Quoting mohan76
producer http://en.wikipedia.org/wiki/List_of...old_production
Export might different as china consume lot of gold

Emmm... I think u r right ...
  • #31,238
  • Edited 11:22pm Jul 23, 2011 11:10pm | Edited 11:22pm
.. I think these investors will drive AU higher next week coz they have surplus in their trade balance last week.
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  • #31,239
  • Edited Jul 24, 2011 12:02am Jul 23, 2011 11:37pm | Edited Jul 24, 2011 12:02am
Im going to the club with some bankers coz .... running a money changer business need affiliation with them most of the time..

Njoy your weekends and spend your money wisely ... (Don't forget abt that AU some where around 890 .... there're pockets of sellers up there). Fundamentally ..... consensus on ..... Aust's PPI and New Zealand's Trade balance are not good on Monday/Tuesday. That's what they say....... (Try to relate them with your technicals .... I don't know how true are all these info... until the day comes).
  • #31,240
  • Jul 24, 2011 2:25am Jul 24, 2011 2:25am
would be nice if VENND POSTED a template of his charts,

i think the AUD est currencys now is on off the easiest currencys to trade now as its swap interset drives the money flow

buying the dip is an excellent method particularly on strong trends

i use the monthly fib to keep me in the trend

buying the dip at support and resistance points helps i use the usdjpy overlay and the lsma 1 time frame for scalping

no right or wrong way to trade but i find the info on here very informative thank you

here is my screen snap shot its what works for me its relativly easy on the audusd using limit orders to achieve 10 % per week on the aud

my opinion only

THE INFO PROVIDED BY THIS THREAD IS EXCELLENT

THANK YOU GUYS

from BRIAN
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