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  • #44,101
  • May 8, 2012 9:10pm May 8, 2012 9:10pm
come on japan buy up! you need it to buy our coal! since you have no nuclear power plants running currently.

time for a surge to 1.0151!

................................................................................. should have closed! why so greedy.
  • #44,102
  • May 8, 2012 9:19pm May 8, 2012 9:19pm
I won't pretend to "know" what's going to happen with price. I am a follower not a leader. But I see the next important demand zone around the .9984ish level, and maybe deeper. Looks like clear, but bumpy, air from here to there. The biggie psyche level at a buck even could stall it. The major players like to play these big levels. I expect severe clear-air-turbulence. I've been short for a while now, but tightening my stops and my TS. Still, barring anything major to turn the trend I expect price to continue to the .9984ish demand level... with bumps and bruises. Anyone else agree, disagree?
  • #44,103
  • May 8, 2012 9:25pm May 8, 2012 9:25pm
you were born an original don't die a copy.
  • #44,104
  • Edited 10:08pm May 8, 2012 9:27pm | Edited 10:08pm
nzd/usd down, gbp/usd down, eur/usd down, gold down, aud/usd is heading towards oversold territory, just 1 more indi to line up and i got another golden opportunity coming up, see wha happens, im hoping for some more downside short term just so i can work my stradegy with that an then get all the pips on the way up when im finish
  • #44,105
  • May 8, 2012 10:25pm May 8, 2012 10:25pm
its look pretty oversold at the moment i think its lost its momentum for the time being maybe a small retrace until newyork then down again. Any ones thoughts?
  • #44,106
  • May 8, 2012 10:35pm May 8, 2012 10:35pm
Quoting pippaholic
its look pretty oversold at the moment i think its lost its momentum for the time being maybe a small retrace until newyork then down again. Any ones thoughts?
give it some time, last week the rsi hit 16 on the 4h, in other words, ''way oversold'' so wouldnt be suprised if it drops some more, theres alot of weight on aud atm, not the most confident of short-term buys aud is, so unless u have deep pockets an can have stops at 40c, go right ahead
  • #44,107
  • May 8, 2012 10:39pm May 8, 2012 10:39pm
Yeah thanks for advice. i think i might attempt a small scalp for 1.0080.
15 minute minute seems to be forming a bit of support on the level now watching it carefully though
  • #44,108
  • May 8, 2012 10:50pm May 8, 2012 10:50pm
Quoting pippaholic
its look pretty oversold at the moment i think its lost its momentum for the time being maybe a small retrace until newyork then down again. Any ones thoughts?

shes should be moving very soon and at the current level NY will buy it back to 1.01+ i believe
  • #44,109
  • May 8, 2012 11:16pm May 8, 2012 11:16pm
Quoting chiRal
fx-rocket,
Your view on the budget is very simplistic, and you draw inferences based on those simplistic assumptions. The federal budget did lead to a cut in spending, however this is more reflected within the public sector rather than the private.
As an example, I'd like to point to the increase in deficit from budget 2011 to MYEFO (mid November) from $22bn to $37bn. The deficit since then has only increase by $7bn to $44bn. You may of also noticed that the Treasurer announced an ease on the carbon tax - which affects Australias...
somehow this argument seems to be contradictory. Spending cuts? The main public cut i'm seeing is the $5.8b cut in defense. Most of the rest of this surplus is going to be taken directly from the corporate tax rate that is not going to be lowered as planned with an effect close to $5b. I didn't hear any mention about changes to the carbon tax. Furthermore out biggest industry is literally at the mercy of demand from China/India. Any hit to that and you can bet no amount of government spending will offset the effect.
Greater imports and FI? WTH you pulling those from?
  • #44,110
  • May 8, 2012 11:33pm May 8, 2012 11:33pm
Quoting Eulogy
[font=Arial][size=2][font=Arial][size=2]somehow this argument seems to be contradictory. Spending cuts? The main public cut i'm seeing is the $5.8b cut in defense. Most of the rest of this surplus is going to be taken directly from the corporate tax rate that is not going to be lowered as planned with an effect close to $5b. I didn't hear any mention about changes to the carbon tax. Furthermore out biggest industry is literally at the mercy of demand from China/India. Any hit to that and you can bet no amount of government spending will offset the...
For the traders in Australia, can any of you tell me the severity of this statement in the news outlets today? If you were to put a FF color on this (Low-Medium-High), what would you gauge this statement as? Thanks fellas/gals
  • #44,111
  • May 8, 2012 11:53pm May 8, 2012 11:53pm
well 3 fairly nice shorts today picked up 120 pips across the 3

Just took another short 2 units at 1.0063 sl @ 1.0083 see if she makes a new low yet again.

It has to bounce soon looking to grab profit before the bounce then short another 4 lots around 1.0085 with st 1.0118 and TP 1.0005
  • #44,112
  • May 9, 2012 12:09am May 9, 2012 12:09am
As an aside...How can eur/aus be going up?? I haven't got a trade on it, but I'd rather have aud than euros. That's why I'm a chartist
FF journal: Peaks and Troffs
  • #44,113
  • May 9, 2012 12:28am May 9, 2012 12:28am
Quoting MitchL
well 3 fairly nice shorts today picked up 120 pips across the 3

Just took another short 2 units at 1.0063 sl @ 1.0083 see if she makes a new low yet again.

It has to bounce soon looking to grab profit before the bounce then short another 4 lots around 1.0085 with st 1.0118 and TP 1.0005
nice, dont forget to share your stradegys with aud/usd thread

i had 3 fairly nice joints today, picked up around 120 mins of stoneage time

bout to roll another 2 @ 5mins, see what happens, might head to the pantry in a min coz im hungry...

yep that about wraps my day up for me
  • #44,114
  • May 9, 2012 1:08am May 9, 2012 1:08am
Quoting Noobicle
nice, dont forget to share your stradegys with aud/usd thread

i had 3 fairly nice joints today, picked up around 120 mins of stoneage time

bout to roll another 2 @ 5mins, see what happens, might head to the pantry in a min coz im hungry...

yep that about wraps my day up for me
ROFLMAO

Simple strategy "Try to lose as little as possible" recently most of my trades have been making it into profit BUT I am not taking as much as i would have hoped to

just dropped 25 pips x 2 so it's not so easy
  • #44,115
  • May 9, 2012 1:37am May 9, 2012 1:37am
it's gone right to the fib retraction point.. let's see if it turns around
  • #44,116
  • May 9, 2012 1:48am May 9, 2012 1:48am
looks kinda healthy, maybe for scalp... see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: aussie$1h.gif Size: 23 KB
  • #44,117
  • May 9, 2012 2:04am May 9, 2012 2:04am
i shorted 2 lots at 1.0085 and 2 more lots at 1.0090 got scared and took 1 of each off at money back ...
the market was just moving too fast but i think this could be our trip to parity
  • #44,118
  • May 9, 2012 2:06am May 9, 2012 2:06am
my tp and stop loss orders didnt clear and im in for 6 dollars a pipp at 1.0058 sore it when i came home from gym. do you still think it will make new lows today as im so pissed with myself. Or do you beleive from here will see 1.0100

my bankroll will take a hefty loss if it goes up
  • #44,119
  • May 9, 2012 2:12am May 9, 2012 2:12am
this bull looks a bit more healthier, sorry bottom TL is a bit crooked
Attached Image (click to enlarge)
Click to Enlarge Name: aussie$1w3.gif Size: 21 KB
  • #44,120
  • May 9, 2012 2:15am May 9, 2012 2:15am
noobicle your stressing me out with that bullish chart haha
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