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AUD/USD

  • #49,101
  • Jul 11, 2012 12:21pm Jul 11, 2012 12:21pm
Australia has grown at an average annual rate of 3.6 per cent for over 15 years; in comparison to the OECD countries annual average of 2.5 per cent this includes the 08-09 debacle where they outpaced other majors. They did have a slowdown but in terms of a recession they have not experienced what we have experienced or what the EU is currently experiencing.
  • #49,102
  • Jul 11, 2012 12:24pm Jul 11, 2012 12:24pm
Quoting HotBiscuits
I doubt anyone with any decent amount of capital would be stupid enough to try implement martingale
121 lot with 1:100 leverage only need 121.000 A$ margin. cmiiw...
  • #49,103
  • Edited 12:55pm Jul 11, 2012 12:43pm | Edited 12:55pm
The bears may have upper hand after FOMC until ...... -IMHO-
daddybearforex. com
  • #49,104
  • Jul 11, 2012 12:47pm Jul 11, 2012 12:47pm
I have to say.. Good Arguments from both sides! When you have a position you will obviously more biased towards your position.. I mean -- we're in it for the money, but both perspectives and everyone defending their points, pretty well.. Is quite intriguing.
There are those who know, and there are those who don't know.
  • #49,105
  • Jul 11, 2012 12:51pm Jul 11, 2012 12:51pm
Quoting palabara
I have to say.. Good Arguments from both sides! When you have a position you will obviously more biased towards your position.. I mean -- we're in it for the money, but both perspectives and everyone defending their points, pretty well.. Is quite intriguing.
I am keeping a long view but holding short positions at this points. The bias is depending on the time frames.
daddybearforex. com
  • #49,106
  • Jul 11, 2012 1:01pm Jul 11, 2012 1:01pm
Quoting palabara
I have to say.. Good Arguments from both sides! When you have a position you will obviously more biased towards your position..
Yep, its interesting how even fundamentals can be interpreted so completely differently.....yet both arguments are logical and well thought out. This is why I mainly just stick to what the charts tell me(technical analysis).
  • #49,107
  • Jul 11, 2012 1:02pm Jul 11, 2012 1:02pm
Quoting DaddyBear
I am keeping a long view but holding short positions at this points. The bias is depending on the time frames.
I agree, with that.. Market sentiment right now is border line.. longish but the trend is still up, with a short bias untill a more reflective long trend is established.. I.e it breaks into 1.03 and then past last resistence which was around. 1.0330 which will indicate further move up towards.. 1.04 and so on and so forth.. and then on the other hand.. a break below 1.0120ish will indicate further way down.. Right now.. it is trading at its average back and forth and from what I've seen yesterday some consolidation so..something will happen soonish..
There are those who know, and there are those who don't know.
  • #49,108
  • Jul 11, 2012 1:03pm Jul 11, 2012 1:03pm
Any idea when the FOMC is going to make an announcement or could it be any time like the G7,G20, etc ?
  • #49,109
  • Jul 11, 2012 1:03pm Jul 11, 2012 1:03pm
Quoting DaddyBear
I am keeping a long view but holding short positions at this points. The bias is depending on the time frames.
Looks like the map I brought to the bathroom was 100% correct.
daddybearforex. com
  • #49,110
  • Jul 11, 2012 1:04pm Jul 11, 2012 1:04pm
I lost my second shoe!!!! it dropped somewhere from here to the kitchen...
  • #49,111
  • Jul 11, 2012 1:08pm Jul 11, 2012 1:08pm
well that sucked....I was thinking sell, sell at lunch when it was around 260-270. oh well.

Now to figure out where to get back in to go north.
  • #49,112
  • Jul 11, 2012 1:09pm Jul 11, 2012 1:09pm
Hey you im coming
Attached Image
  • #49,113
  • Jul 11, 2012 1:10pm Jul 11, 2012 1:10pm
Quoting jplazard
Hey you im coming
lol love it!
There are those who know, and there are those who don't know.
  • #49,114
  • Jul 11, 2012 1:13pm Jul 11, 2012 1:13pm
now on to labour data for AUD, probably a non event though
  • #49,115
  • Jul 11, 2012 1:13pm Jul 11, 2012 1:13pm
A few members expressed the view that further policy stimulus likely would be necessary to promote satisfactory growth in employment and to ensure that the inflation rate would be at the Committee's goal. Several others noted that additional policy action could be warranted if the economic recovery were to lose momentum, if the downside risks to the forecast became sufficiently pronounced, or if inflation seemed likely to run persistently below the Committee's longer-run objective. The Committee agreed that it was prepared to take further action as appropriate to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.


Hmmm....how to interpret this? A few members think stimulus is 'likely'...but it still looks like a 'wait and see' for others.
  • #49,116
  • Jul 11, 2012 1:13pm Jul 11, 2012 1:13pm
Watching this thing lately trying to go down is the same sentiment as pulling teeth.. with a drunk dentist.
There are those who know, and there are those who don't know.
  • #49,117
  • Jul 11, 2012 1:22pm Jul 11, 2012 1:22pm
If this Pattern does not invalidate then could provide another opportunity after FOMC event is digested. For now Im short!!
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #49,118
  • Jul 11, 2012 1:31pm Jul 11, 2012 1:31pm
Quoting egkid
Key point in my view for today
1.0280 - 1.0200
Quoting egkid
i like to sell [email protected]
C [email protected]
Hello 1.0200000
Catching the daily Top
Inserted Video
  • #49,119
  • Jul 11, 2012 1:39pm Jul 11, 2012 1:39pm
Quote
Upper end of the channel look to sell around these levels .0260-70 the dollar index should come off a little more maybe even to the 127.2% R AT 83.01 then continue consolidation before a new high breakout on Thursday exceeding 84.
9Hrs Ago

9hours ago I will also jump on the bandwagon of calling the near top you win though for absolute top
  • #49,120
  • Jul 11, 2012 6:03pm Jul 11, 2012 6:03pm
Pyramiding longs.

Lots of data coming out in the next couple hours, I expect a decent sized nudge one way or the other.
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