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  • #38,661
  • Jan 10, 2012 5:48pm Jan 10, 2012 5:48pm
Quoting redteamgo
yes. i cant emphasize this enough.. note that eur/aud is flat despite a weakening aud/usd. as bollingers tighten up before london, this could be a very nice entry point before the next euro downleg. there are some crosses out there that have had tremendous performance

look at daily, all pairs have created bull flags again, so unless theres a HUGE downday which I don't see happening then I say its still buy the dip time. I been watching chf, looks like SNB is doing its thing, so audchf, eurchf look pretty good, even though everything dropped, through the AUDUSD drop audchf only dropped 10 pips and its rising again!!!!!

Alot of shorts are trapped from earlier and I called shorts squeeze so lets see how big it will be.
  • #38,662
  • Jan 10, 2012 5:53pm Jan 10, 2012 5:53pm
regardless of the bull flags.. There's been a long divergence on the 4 hour.. PLUS the aud index is at a major resistance and the dollar is still gaining strength even after an attempt to change that today. weak aussie... strong dollar.. =drop in audusd

Still short au

also wouldn't trade eurchf as both of those indexes are heading south. no real direction. Strength vs. weakness causes a trend in a pair
  • #38,663
  • Jan 10, 2012 6:00pm Jan 10, 2012 6:00pm
Quoting redteamgo
the thing i dont get about the materials/aud correlation is that mining etc is only 10% of their economy. they are a service based economy.
10% which account for more then 60% of all exported goods (incl. agriculture).
Don't get mad, get even!
  • #38,664
  • Jan 10, 2012 6:05pm Jan 10, 2012 6:05pm
Looks like the move to retest .04 level still failed so far..weekly trend still down ..imo, if there's a rate cut next month then it can drop below parity again..
  • #38,665
  • Jan 10, 2012 6:05pm Jan 10, 2012 6:05pm
Quoting redteamgo
the thing i dont get about the materials/aud correlation is that mining etc is only 10% of their economy. they are a service based economy.
Dont worry about China.
They are currently going through fiscal restraint and if the Govt wants to release their handbrake look out.
Equally Australia is diversifying into India Malaysia Indonesia Japan for potential growth in agriculture and resources.

Once everyone is over trying to make Angela Merkel a Victoria Secrets model and Europe becomes yesterdays hero its BOOM time for Asia.

I think many are still defensively positioned. "Risk" is an over stated word I think now.
Whatever happened to the word "investment"?

Right now it seems we are watching a F1 race behind a pace car and the track is just about to be cleared.. Time to go racing !
  • #38,666
  • Jan 10, 2012 6:12pm Jan 10, 2012 6:12pm
not going to post anything about chart analysis but just to share about my worst week ever this week..

Tuesday which is yesterday:
at office: got scolded by boss since in the morning till everning and decided to went back at 7.00pm

arrived home: approximately at 8.00pm, something wierd as i entered into the house, my bedroom's door is wide open..as far as i remembered i locked the door..

in the bedroom: Shit all my gadgets are gone including my laptop, electronic watch ane etc..WTF my house has got broken by a thief and stole everything from my bedroom...


Make a police report: Police said, there is nothing they can do, it hard to track the suspect... WTFFFFFFFFFFFF

went to a mall: buy a secondhand old fucking desktop..
At home: opened the deskstop and open a trade while was angry with almost everyone i see.

Today, check trading account.. Loss quite a chunk of profit that i accumulated during last week...WTFFFFFFFFFF

Now: at office with a dammed bad moood
  • #38,667
  • Jan 10, 2012 6:18pm Jan 10, 2012 6:18pm
That sucks, sorry to hear it mate, I hope you get some good trades in the coming weeks
  • #38,668
  • Jan 10, 2012 6:20pm Jan 10, 2012 6:20pm
Quoting izzas
not going to post anything about chart analysis but just to share about my worst week ever this week..

Now: at office with a dammed bad moood
Dude, that sucks just as life does most of the time and I feel for you! I hope you can find a little humor in it and get even by making some great trades!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #38,669
  • Jan 10, 2012 6:20pm Jan 10, 2012 6:20pm
Quoting lasty
Dont worry about China.
They are currently going through fiscal restraint and if the Govt wants to release their handbrake look out.
Equally Australia is diversifying into India Malaysia Indonesia Japan for potential growth in agriculture and resources.

Once everyone is over trying to make Angela Merkel a Victoria Secrets model and Europe becomes yesterdays hero its BOOM time for Asia.

I think many are still defensively positioned. "Risk" is an over stated word I think now.
Whatever happened to the word "investment"?

Right now...
That's very nicely put, cheers!
Don't get mad, get even!
  • #38,670
  • Jan 10, 2012 6:25pm Jan 10, 2012 6:25pm
Quoting Dyekid217
regardless of the bull flags.. There's been a long divergence on the 4 hour.. PLUS the aud index is at a major resistance and the dollar is still gaining strength even after an attempt to change that today. weak aussie... strong dollar.. =drop in audusd

Still short au

also wouldn't trade eurchf as both of those indexes are heading south. no real direction. Strength vs. weakness causes a trend in a pair
lol aud is at resistance? When has it respected resistance for the last few months? dollar gaining strength yes but doesn't affect aud as much as eur/gbp since aud isn't in usdx so that's going to get you into trouble. The divergence on 4 hour may pan out but will probably do a rounded top (usually what divergences do) so in order to do that we probably range or head back up to test the top. I still say if it falls I would buy the dip but thats me

I been watching audchf/eurchf and the support seems to be respected. What makes you think they are headed south? I just told you its protected, so pretty good R/R there at support. Did you forget about central bank support? lol
  • #38,671
  • Jan 10, 2012 6:37pm Jan 10, 2012 6:37pm
i would still sell aud/usd at 0380 and eat a 30 tick loss if i am wrong. there is a pretty big chance of a rate cut, w/ a distinct bear flag. if anything is going to move this pair outside of europe/us its going to be the RBA.

if im wrong, im wrong.. wont be the last time.
Any prices quoted are futures
  • #38,672
  • Jan 10, 2012 6:46pm Jan 10, 2012 6:46pm
Quoting lasty
...Once everyone is over trying to make Angela Merkel a Victoria Secrets model !
Angela Merkel, with all the Billion Euros she controls, Hell, to the Greeks, she is a godess with the power who dies or lives..

Sarkozy is just her lapdog...
  • #38,673
  • Edited 6:59pm Jan 10, 2012 6:46pm | Edited 6:59pm
Quoting sidhujag
lol aud is at resistance? When has it respected resistance for the last few months? dollar gaining strength yes but doesn't affect aud as much as eur/gbp since aud isn't in usdx so that's going to get you into trouble. The divergence on 4 hour may pan out but will probably do a rounded top (usually what divergences do) so in order to do that we probably range or head back up to test the top. I still say if it falls I would buy the dip but thats me

I been watching audchf/eurchf and the support seems to be respected. What makes you think they...
We must not be talking about the same thing... The only broker I know that offers all major indexes is through liteforex. These aren't just usdx charts.. I know the usdx doesnt include the aud but I'm looking at the true aud index right now. Not sure where the source of these indices are from, but they are correct in that, if one heads north and one heads south, a trend starts on that pair

This is the only source of indexes that I know that is accurate to a T. I say the EURCHF woulnd't be a suggestion of mine because both of those currencies are headed south.. Unless you have another source to trade that pair then that's on you. This is why most people are betting on EURUSD over other pairs because EUR is heading south that's a fact.. and usd is headed north, giving you a strong pair to trade

Strength vs. weakness causes the pair to trend. If you match the strongest currency with the weakest you will stand a 90% chance or even better of winning that trade... if you get on the right side of the trade that is


If audusd doesn't go as I expect then I'll chalk up a loss but I won't mind because my basket is overall positive with other aud pairs in the ++
such as audnzd which headed south because the nzd gained strength today.
  • #38,674
  • Jan 10, 2012 6:47pm Jan 10, 2012 6:47pm
Quoting redteamgo
i would still sell aud/usd at 0380 and eat a 30 tick loss if i am wrong. there is a pretty big chance of a rate cut, w/ a distinct bear flag. if anything is going to move this pair outside of europe/us its going to be the RBA.

if im wrong, im wrong.. wont be the last time.
ditto
  • #38,675
  • Jan 10, 2012 6:48pm Jan 10, 2012 6:48pm
TP1 taken @ 0267 next stop 0202..I think..GL! All Thief's must die!
Attached Image (click to enlarge)
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  • #38,676
  • Jan 10, 2012 6:53pm Jan 10, 2012 6:53pm
Quoting Chillypiper
TP1 taken @ 0267 next stop 0202..I think..GL! All Thief's must die!
lol so if we steal pips we're gonna die? sounds about right seeing its 2012
  • #38,677
  • Jan 10, 2012 7:01pm Jan 10, 2012 7:01pm
Steal all the pips you can sir, ( when the market gives them to you)....!
I was refring to those fking stealing bastards that took Mr Izzas tools to make money and his shit! Hate thiefs!...And ya who cares were all gona die!....Not!...lol

Quoting Dyekid217
lol so if we steal pips we're gonna die? sounds about right seeing its 2012
  • #38,678
  • Jan 10, 2012 7:04pm Jan 10, 2012 7:04pm
need to make enough $$ to move off the planet
  • #38,679
  • Edited 7:26pm Jan 10, 2012 7:12pm | Edited 7:26pm
Yeah, thats a plan. Wonder how much that would be..? I think you may want to check into astreioprojection....Cheeper.

Also, about litefx. I use it , big time. Audlfx ( index) includes 50% A/U and 1/7 of all other major crosses..GL!

Quoting Dyekid217
need to make enough $$ to move off the planet
  • #38,680
  • Jan 10, 2012 7:13pm Jan 10, 2012 7:13pm
Quoting Dyekid217
need to make enough $$ to move off the planet
Or at least to Uruguay
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