hi champs, nice pattern today, looks like it's in reverse mode, let's check the test. could hunt for 0480 ? maybe 0510_20 main target. goodluck 2 you.
Old Habits Die Hard.
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Disliked........
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.Ignored
Dislikedhi champs, nice pattern today, looks like it's in reverse mode, let's check the test. could hunt for 0480 ? maybe 0510_20 main target. goodluck 2 you.Ignored
DislikedWith 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.
Ultimate target for now is higher at 0750Ignored
DislikedThis is an intrest starved world. At some point, fund managers hungry for yeild will come to their senses and start buying again. It's almost Semptember, and there are those end of year results (and bonuses) to worry about. Once all this recession and Europe fear settles down, I will not be suprised if we make new highs before year's end.
Regards,Ignored
DislikedThat argument doesn't really make sense. Were fund managers hungry for yield back in 08 during the crash? I think we should let this bear side play out until proven otherwise. Fundamentally and technically, bears are in control for now.Ignored
Disliked1) 7hrs from now - China HSBC Manufacturing PMI. Any reading above 50 signals expansion , while a reading below 50 shows contraction. Previous was 49.3 .
(STOPS probably @ 300-350 / 470-530).Ignored
Dislikedstill short from last night 1.0468. if this rally is denied a break above 1.044 we will head down once again.Ignored
Dislikeddepending how the DJ,SPI200 and S&P are react tonight in US session I will probably be looking for an exit around 1.031 for most of my position
I don't exactly expect it to hit that figure tonight, but I do expect these index's to fall off a cliff again, looks very much like a dead cat bounce and the financial worries of the world havn't solved themselfs.
Long gold/silver also.
MitchIgnored
Disliked1) ...
2) RBNZ Inflation Expectations (YoY). High reading is bullish for NZD. AUD might get some share in there. Previous was 3.0%.
(STOPS probably @ 300-350 / 470-530).Ignored