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AUD/USD

  • #42,181
  • Mar 21, 2012 7:42pm Mar 21, 2012 7:42pm
Quoting bbakker


You mean a bear!
Ha ha, YES
So used to bull
Expect the unexpected.
  • #42,182
  • Mar 21, 2012 7:50pm Mar 21, 2012 7:50pm
Quoting bbakker


You mean a bear

And why 1.0300? Support will be found at 1.0383... Open the daily chart, put the line in and then you will see why!
Hmm.. my Support on daily comes in at 1.0300...
But lets see where we choose to get out.
Expect the unexpected.
  • #42,183
  • Mar 21, 2012 7:55pm Mar 21, 2012 7:55pm
current reaction to pmi confirming my weekly chart posted earlier: http://www.forexfactory.com/showthre...27#post5497627

Quoting bbakker
It is nearly 3am here in old blighty... time for bedski.

Wish everyone success with their trading, except for those who don't use stop losses... they deserve to get fucked by Mr Market!

Hold on... what is that I can hear... the sound of emails whirring their way to some traders here to state that their accounts are in danger of a margin call or asset liquidation.
Skype: heliosphan187
  • #42,184
  • Mar 21, 2012 8:00pm Mar 21, 2012 8:00pm
I am going to start to add CNY events to the FF Calendar. This is ridiculous!!! C'mon!!! The Aussie's is not that dependant on China. The market is reacting as if the whole entire country of Australia is going to die if China spends one less yuan there.
Make your losses in demo. Earn your profits live.
  • #42,185
  • Mar 21, 2012 8:05pm Mar 21, 2012 8:05pm
Price is at the bottom of the last weekly candle.. I trade with the gann hi lo activator not theoretical trend lines.


Quoting bbakker
1. Where is price on your chart, there is too much shit on it!
2. I posted my weekly chart over a week ago here - http://www.forexfactory.com/showthre...14#post5476914 (Notice how nice and clean it is!)

But now I am being an egotistical cock and on that note, I bid you a good night.
Skype: heliosphan187
  • #42,186
  • Mar 21, 2012 8:11pm Mar 21, 2012 8:11pm
Really love when au goin' down like this (next support : 1.02 ,1 ,0.96 ,0.92)..can start looking to build long position ..recently all is up,especially dow that already break 13,000..maybe now it's time for China to give the bear an opportunity for Huge correction..
  • #42,187
  • Mar 21, 2012 8:15pm Mar 21, 2012 8:15pm
1.0380 may hold the downside for a moderate rebound. The massive drop, while in agreement with the general downtrend, appears to be an over-agressive knee jerk. Could be good for a quick scalp.
  • #42,188
  • Mar 21, 2012 8:16pm Mar 21, 2012 8:16pm
Saw this today on Bloomberg. The oil to copper ratio can act as a leading indicator of the S&P, thus risk sentiment. If this holds, markets could be in for a drop soon see chart here:

http://www.bloomberg.com/news/2012-0...-s-stocks.html
Skype: heliosphan187
  • #42,189
  • Mar 21, 2012 8:21pm Mar 21, 2012 8:21pm
baby r u down down down down down, dowwnn dowwwn...hehe, exactly what i thought
  • #42,190
  • Mar 21, 2012 8:24pm Mar 21, 2012 8:24pm
Quoting andri66
Really love when au goin' down like this (next support : 1.02 ,1 ,0.96 ,0.92)..can start looking to build long position ..recently all is up,especially dow that already break 13,000..maybe now it's time for China to give the bear an opportunity for Huge correction..
I'll probably start building my long positions from 1.02 downwards...
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #42,191
  • Mar 21, 2012 8:27pm Mar 21, 2012 8:27pm
ill catch a few pips on the lil rally tyvm
  • #42,192
  • Mar 21, 2012 8:29pm Mar 21, 2012 8:29pm
Long 1.0383. SL 1.0386. target 1.0500
  • #42,193
  • Mar 21, 2012 8:32pm Mar 21, 2012 8:32pm
im going to wait, just pulled out of a little long of 10 or so pips, going to give some time to make up its mind, i wouldnt expect a large rally up given the condition of the AUD
  • #42,194
  • Mar 21, 2012 8:41pm Mar 21, 2012 8:41pm
Quoting bbakker
Come on, don't be stupid! Where do you think China gets a lot of their commodities from... you know raw materials... fuck me... a bunch of muppets!
Not sure how much you know about China. China is actually VERY resource rich. It has very good deposit of pretty much all of the elements found on your Periodic Table (yes, the one you studied from your Chemistry class) plus salt, coal and oil. China is the ONLY place where rare earth metal is produced. Rare earth metal is used in every single electronic appliances. Without rare earth metals, you can kiss your precious Google phone goodbye. So it's quite absurd to say that China has to rely on Australia for commodities.

It must be other finished goods that China imports from Australia. That's why I say it's little ridiculous that this 1 point change in this one indicator has that much impact on AUD/USD. This reaction is even bigger than what Non-farm payroll numbers on EU and UJ currencies.
Make your losses in demo. Earn your profits live.
  • #42,195
  • Mar 21, 2012 8:56pm Mar 21, 2012 8:56pm
Quoting Leunammj
Long 1.0383. SL 1.0386. target 1.0500
good call put the SL above your price, will probably save you some money
  • #42,196
  • Mar 21, 2012 8:59pm Mar 21, 2012 8:59pm
Quoting bbakker
China and Australia are close trading partners. China depends on Australia for much of its raw material needs, including wool, iron ore and resources it requires for its large mining industry. Yes, China has many resources itself, but it still lacks others that it gets from places like Australia, Brazil and Africa.
We're talking about the AUD/USD here, so I think it's more appropriate to look at it from Australia's perspective. And there's a consensus view that the Australian economy is hugely reliant on the export of resources to China.

By the way, Australian company Lynas Corp is shortly due to become the first rare earths producer outside of China.
  • #42,197
  • Mar 21, 2012 9:00pm Mar 21, 2012 9:00pm
wouldnt u automaticly lose your trade putting your stop lost above your enter rate? if thats even possible, maybe i miss-read something there
  • #42,198
  • Mar 21, 2012 9:19pm Mar 21, 2012 9:19pm
Quoting Noobicle
wouldnt u automaticly lose your trade putting your stop lost above your enter rate? if thats even possible, maybe i miss-read something there
You get a free trade basically, market was 1.0383. u enter. market rised to 1.0395. u placed sl to entry + 3. so basically u get a free ride.

even if hit sl. u still run with 3 pips.
  • #42,199
  • Mar 21, 2012 9:27pm Mar 21, 2012 9:27pm
Quoting Noobicle
wouldnt u automaticly lose your trade putting your stop lost above your enter rate? if thats even possible, maybe i miss-read something there
yeah sarcasm doesnt work to well on the forums, i was implying getting stopped out from the start might save him some money, but it looks like what he meant to say was that is sl is now above his entry.
  • #42,200
  • Mar 21, 2012 9:56pm Mar 21, 2012 9:56pm
The China PMI, DID NOT COME OUT TODAY

This is a private sector attempt at a PMI by HSBC, which has been overly bearish the China economy, both in view, and particularly with this inhouse indicator, for several years. The actual China PMI, when it comes out, is likely to be significantly better than this single bank effort by HSBC shows. There is no doubt the demand for Australian resources will continue to increase.
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