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AUD/USD

  • #48,561
  • Jul 4, 2012 11:20am Jul 4, 2012 11:20am
We are in a accumulation zone, tomorrow or friday the AUDUSD will fall like a rock
  • #48,562
  • Jul 4, 2012 11:34am Jul 4, 2012 11:34am
i think its Bear time....loading shorts on Au and AJ....

trade smartly
It is possible to make large sums trading, small losses, large wins
  • #48,563
  • Jul 4, 2012 11:40am Jul 4, 2012 11:40am
Quoting Itrade24h
We are in a accumulation zone, tomorrow or friday the AUDUSD will fall like a rock
Today is the falling rock day. -IMHO-
daddybearforex. com
  • #48,564
  • Edited 11:57am Jul 4, 2012 11:46am | Edited 11:57am
Quoting DaddyBear
Today is the falling rock day. -IMHO-
I was bullish this morning. Took a free ride with bulls on the roller coaster going up, down, up again and down again. Roller coaster is really a fun place to play.
daddybearforex. com
  • #48,565
  • Jul 4, 2012 11:47am Jul 4, 2012 11:47am
Quoting DaddyBear
Today is the falling rock day. -IMHO-
If you say that becouse the EURUSD fall a lot today i think that we will se tomorrow a new fall...and AUDUSD cant go up forever...
  • #48,566
  • Jul 4, 2012 11:52am Jul 4, 2012 11:52am
Quoting Itrade24h
If you say that becouse the EURUSD fall a lot today i think that we will se tomorrow a new fall...and AUDUSD cant go up forever...

amen to that

i think the 2.30am trade balance news should trigger the drop...time will tell...brace yourselves everyone
It is possible to make large sums trading, small losses, large wins
  • #48,567
  • Jul 4, 2012 11:53am Jul 4, 2012 11:53am
Quoting Itrade24h
If you say that becouse the EURUSD fall a lot today i think that we will se tomorrow a new fall...and AUDUSD cant go up forever...
Nothing goes up forever. Something goes down forever. It is called "GRAVITY".
daddybearforex. com
  • #48,568
  • Jul 4, 2012 12:01pm Jul 4, 2012 12:01pm
Quoting DaddyBear
Today is the falling rock day. -IMHO-
And, this hour could be the beginning of the falling rock day.
HAPPY 4TH OF JULY! GOD BLESS AMERICA, THE BEAUTIFUL!
daddybearforex. com
  • #48,569
  • Jul 4, 2012 12:08pm Jul 4, 2012 12:08pm
The market's dead, it barely moves, thanks to the 4th of July.
Hey Papa, any fireworks at your place?
  • #48,570
  • Jul 4, 2012 12:10pm Jul 4, 2012 12:10pm
Quoting DaddyBear
ROLLER COASTER EUPHORIA
While riding the roller coaster, the bull got very excited on 4th of July until ...........

Attention:
DaddyBear's cartoons are not indicators. Please do not apply them to your charts because they won't fit anyway.
Damn! I love your pictures!!!
  • #48,571
  • Jul 4, 2012 12:12pm Jul 4, 2012 12:12pm
Quoting irfandbl
The market's dead, it barely moves, thanks to the 4th of July.
Hey Papa, any fireworks at your place?
The market may be dead but have you ever heard vampire? Vampires like bulls. FYI, my local area had firework last Sunday. Tonight, Macy's will provide a great firework show at NY East River.
daddybearforex. com
  • #48,572
  • Jul 4, 2012 12:13pm Jul 4, 2012 12:13pm
Quoting Itrade24h
Damn! I love your pictures!!!
Thanks. So do I!
daddybearforex. com
  • #48,573
  • Jul 4, 2012 12:30pm Jul 4, 2012 12:30pm
Quoting DaddyBear
The market may be dead but have you ever heard vampire? Vampires like bulls. FYI, my local area had firework last Sunday. Tonight, Macy's will provide a great firework show at NY East River.
It's been a while since the last time price stayed bellow SMA24 this long. Maybe the bulls did get bitten by the vampires, just like that tv show on discovery's animal planet.

Fireworks on Sunday? Why in advance? Would you blow some candles 3 days prior your birthday?
  • #48,574
  • Edited 1:19pm Jul 4, 2012 12:48pm | Edited 1:19pm
Quoting irfandbl
It's been a while since the last time price stayed bellow SMA24 this long. Maybe the bulls did get bitten by the vampires, just like that tv show on discovery's animal planet.

Fireworks on Sunday? Why in advance? Would you blow some candles 3 days prior your birthday?
Is O.K. to celebrate birthday a few days earlier but not later. If the local has fireworks tonight, nobody would watch. All eyes are on Macy's show.
daddybearforex. com
  • #48,575
  • Jul 4, 2012 12:56pm Jul 4, 2012 12:56pm
Quoting DaddyBear
Big money do trade Forex. At least I know Japanese exporters trade Forex to hedge their risks.
its not manufacturing era anymore.
lot of japan manufacture is out from japan, maybe go to china, or other asia.
lot of japan worker is on service sector.

from year 2000++, yen is source of carry trading. if i remember correctly people play gbpjpy as carry trade pair.

now dollar is follow yen's path. audusd = carry trade pair.
and later, euro thinks she can do it too, and carry trader will play euraud (short). --- this is what you can see at fx, but actually this happen in larger scale, equity market, bond market, future market, housing market, etc...

yen is getting stronger and stronger not only because japan's trade surplus. but more because carry trader unwind their jpy carry trade. there is now usd carry trade, more low risk. now almost everyone know, yen is getting stronger and stronger making it high risk to become carry source. euro is second options although euro still not commit to long term source of carry trading.

anyway, if you are intraday, i think this is not important.
  • #48,576
  • Jul 4, 2012 1:02pm Jul 4, 2012 1:02pm
Quoting DaddyBear
Nothing goes up forever. Something goes down forever. It is called "GRAVITY".
then tell me why bubble in water deny gravity?
  • #48,577
  • Jul 4, 2012 1:27pm Jul 4, 2012 1:27pm
Quoting redbox
then tell me why bubble in water deny gravity?
because the bubble has lower density than water?
  • #48,578
  • Jul 4, 2012 1:29pm Jul 4, 2012 1:29pm
Quoting redbox
then tell me why bubble in water deny gravity?
Off Topic -
Well, you are talking about relative densities not gravity. Airplanes' floating in the air is the same phenomenon. Even the thin air is pulled down by gravity.
daddybearforex. com
  • #48,579
  • Jul 4, 2012 1:57pm Jul 4, 2012 1:57pm
Quoting DaddyBear
Off Topic -
Well, you are talking about relative densities not gravity. Airplanes' floating in the air is the same phenomenon. Even the thin air is pulled down by gravity.
airplane still follow gravity law.

all goes up, will go down. airplane can choose to be good landing, or crash.

LOL.
  • #48,580
  • Jul 4, 2012 3:13pm Jul 4, 2012 3:13pm
looking at the past month fundamental data about Australia, they have been outperforming those of europe and USA,

June 6: quarterly GDP +1,3% (on a 0.5% expected)
June 7: employment change: +38.9k units (on a -2.2k expected)
June 8: trade balance: -0.2B (expected -0.92B)
July 3: bulding approvals +27.3%
July 4: retail sales +0.5%
..

I don't know if Aussie will fall or keep going north, but at least looking at the fundamentals, the latter seems to me the most logic direction..
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