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  • #32,561
  • Aug 21, 2011 5:50pm Aug 21, 2011 5:50pm
Quoting fork-forex
are you serious?

America is biggest buyer of Chinese goods, Walmart is biggest retailer therefore the biggest {or very very close to} the biggest single buyer of Chinese goods.

If Walmart isn't buying from China, that shows China is having less exports overall.

Simple.
  • #32,562
  • Aug 21, 2011 6:27pm Aug 21, 2011 6:27pm
short 1.0383 looking for 1.02.. might be a slow day
  • #32,563
  • Aug 21, 2011 6:56pm Aug 21, 2011 6:56pm
Quoting Mitchoss
short 1.0383 looking for 1.02.. might be a slow day
I'd be careful with that one, seems like bears are failing the swing.
Could be wrong Keep an eye on the indexes as well.

Otherwise, goodluck coz mondayz are freaky dayz
Old Habits Die Hard.
  • #32,564
  • Aug 21, 2011 7:08pm Aug 21, 2011 7:08pm
Quoting Shaggy_rock
I'd be careful with that one, seems like bears are failing the swing.
Could be wrong Keep an eye on the indexes as well.

Otherwise, goodluck coz mondayz are freaky dayz
or just closing the gap before continuation down.
  • #32,565
  • Edited 7:54pm Aug 21, 2011 7:27pm | Edited 7:54pm
Ok but I presented technical analysis on aud/usd chart.

I'm pretty sure walmart stock is not the only thing that affect the aussie. Gold being the biggest commodity might prove to be a better indicator if you want to talk about correlation.



Quoting Day-Sleeper
are you serious?

America is biggest buyer of Chinese goods, Walmart is biggest retailer therefore the biggest {or very very close to} the biggest single buyer of Chinese goods.

If Walmart isn't buying from China, that shows China is having less exports overall.

Simple.
  • #32,566
  • Aug 21, 2011 8:56pm Aug 21, 2011 8:56pm
Quoting fork-forex
Ok but I presented technical analysis on aud/usd chart.

I'm pretty sure walmart stock is not the only thing that affect the aussie. Gold being the biggest commodity might prove to be a better indicator if you want to talk about correlation.
If by gold you mean copper!? then you would be correct (check your charts again ... if you want to talk about correlation!)
  • #32,567
  • Aug 21, 2011 9:10pm Aug 21, 2011 9:10pm
Quoting Day-Sleeper
If by gold you mean copper!? then you would be correct (check your charts again ... if you want to talk about correlation!)

  • #32,568
  • Aug 21, 2011 9:12pm Aug 21, 2011 9:12pm
Quoting Day-Sleeper
If by gold you mean copper!? then you would be correct (check your charts again ... if you want to talk about correlation!)
Day Sleeper shut the fuck up. You are not providing any valuable information here. At least fork-forex is providing some justification to his trades and as to why he entered it. It is his trade and his account, and not yours. Let him trade as he pleases. Im sure other Technical Analysts are watching the same and not caring a fuck about Walmart and your smart ass. This is a forum to share opinions , not bash at each other and make condescending remarks at one another. This is forex. We can be right or we can be wrong. Its how we manage our money is what is important. Not being a Mr. Know it All Smart Ass.
  • #32,569
  • Aug 21, 2011 9:50pm Aug 21, 2011 9:50pm
Quoting jeremyyn
Day Sleeper shut the fuck up. You are not providing any valuable information here. At least fork-forex is providing some justification to his trades and as to why he entered it. It is his trade and his account, and not yours. Let him trade as he pleases. Im sure other Technical Analysts are watching the same and not caring a fuck about Walmart and your smart ass. This is a forum to share opinions , not bash at each other and make condescending remarks at one another. This is forex. We can be right or we can be wrong. Its how we manage our money...
Yes, because your comments just added more valuable, priceless!

And to correct you, he said 'points downwards', and I said 'look at walmart stock' as it is pointing downward to, and that confirms the signal as China is showing signs of slowing. So Aussie exports less energy and metals {Copper NOT gold} to China, thus slowing them down, those are facts. Look at the numbers.

he showed a confused sign, so I asked "are you serious" and then reiterated why.

Then he said 'gold being the biggest commodity', and I said 'no, look at the gold charts and look at the copper charts, gold is NOTHING in correlation with Aussie anymore more then wood. Copper is the metal of preference with NZD and AUD, along with Coal for energy.

You said 'shut the f up' 'smart ass', and other derogatory comments, I didn't say anything negative, just straight forward talk, now you stop being a jackass and stay out unless you have something to put forth.

and do some homework and compare Walmart stock, copper, Chinese exports and Australia exports and you will be surprised by the correlation and the success of my comments.

and congratz on being my first ignore!
  • #32,570
  • Aug 21, 2011 10:28pm Aug 21, 2011 10:28pm
Quoting Day-Sleeper
Yes, because your comments just added more valuable, priceless!

And to correct you, he said 'points downwards', and I said 'look at walmart stock' as it is pointing downward to, and that confirms the signal as China is showing signs of slowing. So Aussie exports less energy and metals {Copper NOT gold} to China, thus slowing them down, those are facts. Look at the numbers.

he showed a confused sign, so I asked "are you serious" and then reiterated why.

Then he said 'gold being the biggest commodity', and I said 'no, look at the gold charts...


Bla bla bla bla bla bla bla
  • #32,571
  • Aug 22, 2011 12:47am Aug 22, 2011 12:47am
http://www.forexfactory.com/showthre...98#post4888898

whats your ideas ?
A chart helps those who can read it.
  • #32,572
  • Aug 22, 2011 12:57am Aug 22, 2011 12:57am
AUD/USD 1.0385

Market caught short earlier on but plenty of offers in at 1.0450.
Equities had a temporary bounce as some tried to make a stand in support however that remained feeble and we are now looking very soft again.

With Europe looking decisively uncertain, I cant help but see a major spit coming up soon.
This may see a scramble for dollars and treasuries.
If you must play then I suggest keep positions small to counteract wild swings in order for you to hang on to the ride.

Good luck
  • #32,573
  • Aug 22, 2011 1:11am Aug 22, 2011 1:11am
Quoting FX-Petra
Still long from 0360, 0420, and 0510. Targeting 0630 area.

Good trades to all....

Regards,
Still holding......


Regards,
  • #32,574
  • Aug 22, 2011 1:28am Aug 22, 2011 1:28am
Quoting FX-Petra
Still holding......


Regards,
You still hope to see 0630 area?
Attached Image (click to enlarge)
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  • #32,575
  • Aug 22, 2011 2:17am Aug 22, 2011 2:17am
Quoting GoldMan.
You still hope to see 0630 area?

Yes, but I will watch price action around 0550 area. If it looks resistant, I will cut lose there. No need to be greedy!

Regards,
  • #32,576
  • Aug 22, 2011 6:06am Aug 22, 2011 6:06am
Few hours ago add scalp longs @ 366 & 372 and closed both of them @ 458.

Other scalps still maintain ... long @ 318 and short @ 597.
Attached Image (click to enlarge)
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  • #32,577
  • Edited 8:30am Aug 22, 2011 7:29am | Edited 8:30am
1) Those Libyan and Syrian are still fighting against their own goverment . That should drive Crude Oil up , Gold decline and USD down. However, it is not a big war ... therefore ... a slightly up and slightly down are there . ... We can use that also to play around in AU / Crude Oil / Gold.

2) Chicago Fed National Activity Index just released / Result = -0.38 ---> -0.06 (Sell AU / minor data abt 10-20 pips).

3) Scalp short @ 468 / BE+1.

4) US MBA Delinquency Rates (YoY) will be released by the Mortgage Bankers Assoc in abt 1hr from now / Income loss is associated to unemployment , significantly a factor in mortgage delinquency / Forecasted to decrease / 8.32% ---> 7.76% / I'd guess u know what will u do abt this minor data.
  • #32,578
  • Edited 9:21am Aug 22, 2011 9:08am | Edited 9:21am
With you exactly on this. Just took profit from last nights run @ 90 pips.

Yet again BELOW> 1.0500

We need to take this area out to continue long. I am looking to buy the next dip in expectation of breach of 0500 - otherwise I will remain flat.

I am a bit surprised this pair is having so much trouble.

Perhaps it is the combo of
R1 Pivot and
.618 fibo of last minor H1 swing /// or 50% of last major swing H4
and shorts guarding.....

Ultimate target for now is higher at 0750

Quoting FX-Petra
Yes, but I will watch price action around 0550 area. If it looks resistant, I will cut lose there. No need to be greedy!

Regards,
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,579
  • Edited 11:05am Aug 22, 2011 10:40am | Edited 11:05am
Quoting VennD
... 2) Chicago Fed National Activity Index just released / Result = -0.38 ---> -0.06 (Sell AU / minor data abt 10-20 pips).

3) Scalp short @ 468 , 465 & 462 / BE+1.

4) MBA Delinquency Rates (YoY) will be released by the Mortgage Bankers Assoc in abt 1hr from now / Income loss is associated to unemployment , significantly a factor in mortgage delinquency / Forecasted to decrease / 8.32% ---> 7.76% / I'd guess u know what will u do abt this minor data.
Closed @ 410. Other Scalpers maintain at ... long 318 , short 597.
Attached Image (click to enlarge)
Click to Enlarge Name: au15m_02.gif Size: 58 KB
  • #32,580
  • Aug 22, 2011 10:44am Aug 22, 2011 10:44am
Quoting VennD
Closed @ 410.
i see your entry always provide nice result.
great mate.
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