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  • #35,261
  • Nov 2, 2011 3:50pm Nov 2, 2011 3:50pm
Quoting rafiqhidayat
originally it was supposed to be sometimes in January, then after he got full backing from his cabinet, it was supposed to be in December.

Now, it seems France might be pushing for it to happen earlier. But haven't seen any specific dates being mentioned yet.
Thanks for the help

mjomha
  • #35,262
  • Edited 4:59pm Nov 2, 2011 4:41pm | Edited 4:59pm
Quoting taxe91
hm that bear candle we got on the hourly after the EFSF bond news means we're still obeying the downward trendline. if we get rejected by it again i will open a short and probably add to it depending on the fed release
morning guys, hope everyones been enjoying the continuation of the bear trend.

im short from yesterday at 0370 and 0380, and 10 minutes ago my short from 0270 triggered (placed it for when we finally got through the 0280 support)

will be looking for around parity at some stage next week. possibly will add to it till we get there, hopefully on some shortlived bull rallies
  • #35,263
  • Edited 7:54pm Nov 2, 2011 6:36pm | Edited 7:54pm
AUD/USD 1.0225

Greece is a gonna by all accounts.

Watch out for contagion.

Aussie could get hit hard more so than Euro.

Whats also going to spur this on is interest rate cuts.. Westpac predict further

Repatriation comes to mind ... and a Lehmans type of a scenario when AUD got belted also is a reminder.

Good luck
  • #35,264
  • Nov 2, 2011 6:42pm Nov 2, 2011 6:42pm
Head & shoulders on H1, or H4, depends on the resistance, already broke 1.031. By all these news today, the $ looks weaker, and there maybe the bears will come again.
Any thoughts ?
  • #35,265
  • Nov 2, 2011 6:58pm Nov 2, 2011 6:58pm
Quoting catalicu
Head & shoulders on H1, or H4, depends on the resistance, already broke 1.031. By all these news today, the $ looks weaker, and there maybe the bears will come again.
Any thoughts ?
that does seem like a pretty clear head & shoulders on the H4, i had noticed it yesterday but thought the bulls would take us to 0480 to complete it but i guess not
  • #35,266
  • Nov 2, 2011 7:11pm Nov 2, 2011 7:11pm
Quoting taxe91
that does seem like a pretty clear head & shoulders on the H4, i had noticed it yesterday but thought the bulls would take us to 0480 to complete it but i guess not
I will wait 1, maybe 2 hours and then see what will happen, i want a clear entrance on this one. what about you ?
  • #35,267
  • Nov 2, 2011 7:25pm Nov 2, 2011 7:25pm
is 1.022 a good strong support?

i was thinking of shorting if it breaks through then bounce with stops at 1.028
  • #35,268
  • Nov 2, 2011 7:36pm Nov 2, 2011 7:36pm
I generally like to long the AUD/USD, although I accept that a gentle bear trend is forming. My long is activated at 1.0215, for a quick 20 profits profit on the bounce up. I think 1.0220 provides strong support if you are looking to snatch quick pips off the bounce. I do not dare to say whether it is strong enough to provide a launch pad especially with US employment claims report coming up.
  • #35,269
  • Nov 2, 2011 7:37pm Nov 2, 2011 7:37pm
It was a strong support to all pairs, as for this one too.
1.0137 will be the next support. If this will be broken, than are more chances going south +100 pips.
Now i'll take a brake and some energy to have patience.
  • #35,270
  • Nov 2, 2011 9:07pm Nov 2, 2011 9:07pm
Quoting catalicu
I will wait 1, maybe 2 hours and then see what will happen, i want a clear entrance on this one. what about you ?
well im running 3 shorts so far from 0370, 0380 and 0270 respectively. it does look like we're getting a considerable bounce off support at the moment (50 pips and counting). if we manage to somehow crawl our way back to 0300 i will probably add another short, unless good news comes out of europe in which case all bets are off. i dont want to be caught in front of a bull freight train.

with japan markets closed today i wouldnt expect anything very dramatic in the 6 hours between sydney close and ny open, maybe just some ranging between 0220 and 0280.

one other possible scenario though is if the dax and cac40 indexes get crushed; then we could get some risk averse selling and might break into the 1.018 region before ny opens. it all really depends on what news comes out of europe in my opinion
  • #35,271
  • Nov 2, 2011 9:22pm Nov 2, 2011 9:22pm
Just when you thought Europe was an issue along comes the middle east

http://www.guardian.co.uk/world/2011...attack-nuclear
  • #35,272
  • Nov 2, 2011 10:50pm Nov 2, 2011 10:50pm
I sense its 50/50 right now...
  • #35,273
  • Nov 2, 2011 11:09pm Nov 2, 2011 11:09pm
Quoting hmat15
I sense its 50/50 right now...
interesting thought, whats the logic behind it?

i can tell you its not even close to being a 50/50 chance though, would need something along the lines of greek's debt being wiped away magically for that to happen
  • #35,274
  • Nov 2, 2011 11:31pm Nov 2, 2011 11:31pm
my analysis suggests everything is going to hell aussie trend should continue until it hits the 1.0001 and Euro going south too. market is showing us something bad is going to happen, maybe greek economy will not hold until referendum and implode. lets wait and see!
  • #35,275
  • Nov 2, 2011 11:33pm Nov 2, 2011 11:33pm
looking to go long @ 1.0210.... just for a bounce then look for another short
  • #35,276
  • Nov 2, 2011 11:38pm Nov 2, 2011 11:38pm
Quoting fxjawn
looking to go long @ 1.0210.... just for a bounce then look for another short
looking at another bounce to around 0260?
im pondering closing one of my shorts at 0220 to lock in some profit and get in short again (hopefully at a better price) before ny
  • #35,277
  • Nov 2, 2011 11:39pm Nov 2, 2011 11:39pm
Quoting taxe91
interesting thought, whats the logic behind it?

i can tell you its not even close to being a 50/50 chance though, would need something along the lines of greek's debt being wiped away magically for that to happen
I got hammered by the bulls the past 3 weeks - maybe its just the paranoia...your short i take it?
  • #35,278
  • Nov 3, 2011 12:13am Nov 3, 2011 12:13am
Quoting hmat15
I got hammered by the bulls the past 3 weeks - maybe its just the paranoia...your short i take it?
yep full of shorts at the moment. would take a lot for me to go long in this market (unless it was a scalp)
  • #35,279
  • Nov 3, 2011 12:13am Nov 3, 2011 12:13am
Quoting FX-Petra
Took another long @ 0350. Still targeting 0725 area. Today is triple intrest today.... maybe we'll get some risk on.

Regards,
It doesn't pay to be the hero in this biz.
  • #35,280
  • Nov 3, 2011 12:19am Nov 3, 2011 12:19am
Quoting Clouds
It doesn't pay to be the hero in this biz.
True.

Shorts have been really good this week. Closed another 360 pips worth of positions today.

Waiting on the sidelines for better entry positions.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
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