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  • #49,281
  • Jul 12, 2012 2:02am Jul 12, 2012 2:02am
Quoting iNSIELD
JP I think we just saw the pop. If you look at the hourly candle man o man. I think this bad boy is going down and I mean down to parity min or even .966 and I hear talk of .938 but we will see what happens
lmao
  • #49,282
  • Jul 12, 2012 2:06am Jul 12, 2012 2:06am
Quoting jplazard
Bguguen I never asked what is your trading type style as you offer some higher quality commentary here are you more of intra-day, swing, or position trader.
TBH with you i dont even know what type of trader i am.... on i guess you can call me Technical-Fundamental Harmony Trader

Technical wise, i target Resistance/Support for entry:
when confluence occurs on Multi-TF EMA's and Psych Levels with indicator confirmations + Pair correlation... (so here im quite a messed up person already)

Then comes the interesting bit...
Fundamental Trading... especially intervention trades...I love intervention trade because these trades give you enormous Risk:reward if you can hold the drawdown and be patient...
especially my USDJPY trades.... im still holding longs from 79.10 targetin 82.00

on an intraday basis, i look for trades like these...
If we have a lot of resistance above market, and price pulls back upwards, i choose the line of highest resistance to enter a short....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #49,283
  • Jul 12, 2012 2:06am Jul 12, 2012 2:06am
Yes the 1.0160 level really did not provide much solace for new buyers I was saying By Friday parity is coming but they way this has traded overnight it could be here by the US close

This is a really telling in the SPX (S&P) chart if you draw a channel from the 4/2 top to the 6/4 low and do a simple 50% in the middle we closed below it yesterday. The dollar looks ready to head to 84.75. And most all commodity charts look ready for a dump as well..
  • #49,284
  • Jul 12, 2012 2:07am Jul 12, 2012 2:07am
Quoting HotBiscuits
lmao
Surely he didnt mean today, but its possible when parity gets broken below... on such a bearish drive we had today....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #49,285
  • Jul 12, 2012 2:09am Jul 12, 2012 2:09am
I see nice I wish to have captured the intervention trades a friend of mine had a 6figure day getting in before the SNB announcement on the peg.
  • #49,286
  • Jul 12, 2012 2:09am Jul 12, 2012 2:09am
Greet all traders! If anyone has an indicator showing how much money was to define a period of time: day, week .... In the information window of the terminal. Put on the forum please. In the earlier thanks!
  • #49,287
  • Jul 12, 2012 2:11am Jul 12, 2012 2:11am
Quoting jplazard
I see nice I wish to have captured the intervention trades a friend of mine had a 6figure day getting in before the SNB announcement on the peg.
i too caught the best of the SNB back in last year's summer around august...
i entered a long on USDCHF at 0.80 had to suffer a bit of tanking to 0.75 or sth before shit started shooting all the way up ot 0.92... i enjoed the full ride of it.... delicious winning lol
but like i said.... Intervention trade is a test of patience....
Christmas came early that summer lol
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #49,288
  • Jul 12, 2012 2:18am Jul 12, 2012 2:18am
http://www.businessweek.com/news/201...serves-decline

Better then expected results, and China saying their reserves of AUD are low? And some of youre targeting 0.95? lol let me know how that goes guys. I presume you have enough capital to tame the bull known as china
  • #49,289
  • Jul 12, 2012 2:28am Jul 12, 2012 2:28am
Quoting HotBiscuits
http://www.businessweek.com/news/201...serves-decline

Better then expected results, and China saying their reserves of AUD are low? And some of youre targeting 0.95? lol let me know how that goes guys. I presume you have enough capital to tame the bull known as china
Yo bro... i live in Hong Kong and i can already read "manipulation, manipulation, manipulation" in that article...
dont you know China's under fire right now to be the role leader to keep global economy strong??
im pretty sure China's under pressure even from abroad to manipulat figures now just to keep people away form Panic short selling...

Actually tell me why China adjusted their Currency today weakening againts the Dollar??
Interest Rate, Lowered and interest rate band constricted lower? spells disaster for Australia....
even China has to Lower its Exchange rate to avoid a hard landing in their growth....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #49,290
  • Jul 12, 2012 2:38am Jul 12, 2012 2:38am
Quoting bguguen
im just recommending you not to trust any "Expert Analysis" from banks, financial institutions or brokers or wtever...
Just look at yoru charts, plan a trade and trade the plan. the rest is noise....
Save the last dance for me
  • #49,291
  • Jul 12, 2012 2:43am Jul 12, 2012 2:43am
Watching 1,0120 for a bounce back, I am bearish overall daily and weekly says a lot from a tech point of view, I do have my target and it is far below parity,
swing it!
  • #49,292
  • Jul 12, 2012 2:45am Jul 12, 2012 2:45am
Quoting tomspin
Watching 1,0120 for a bounce back, I am bearish overall daily and weekly says a lot from a tech point of view, I do have my target and it is far below parity,

what he said
Attached Image (click to enlarge)
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #49,293
  • Jul 12, 2012 2:46am Jul 12, 2012 2:46am
Quoting tomspin
Watching 1,0120 for a bounce back, I am bearish overall daily and weekly says a lot from a tech point of view, I do have my target and it is far below parity,
hi5, let the haters hate...
BTW i got 1st Tp at 1.0110 gona agive it that extra 10 pips of over flow spike, call me greedy but 1.0100 is a psych level sooooo theoretically i could put TP there instead....
and someone things manipulated figures coming out of china is good enough to stop a world fear of global economic downturn causing a worldwide risk off sentiment....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #49,294
  • Jul 12, 2012 2:52am Jul 12, 2012 2:52am
Quoting djambazov84
what he said
I said I prefer PA more than lines out of thin air - I used to do that - this is trading market as you wish to see it - this chart could raised few eyebrows but I will trust my candles. Good luck with your trade I am sure there will be a bounce but I am trying too see a bigger picture here.

Edit btw you missed previous support which become valid resistance, the dip before recent high

http://s15.postimage.org/lrsz2az7f/aussie.gif
photo hosting
swing it!
  • #49,295
  • Jul 12, 2012 2:53am Jul 12, 2012 2:53am
Hi guys. First time commenting on this thread. I am a mostly techs trader and on an intra-day view.....i still hold a LONG sentiment. Why?

1) Using ichimoku analysis... the dark blue line (Kijun Sen) being inside a bullish cloud means that we are ranging but inside a bullish sentiment at least over the last 80 hours.

2) Price action is largely being played above the H4__200EMA (gold line in chart). Bullish bias. See the hefty bounces on 25th and 29th.

3) We are at the bottom-most part of the cloud (also a hint of reliable support). Shorts normally cash out at this spot. (for now its 1.0125)

4) Finally....the stochastic oscillator is at the 20 area.....signs of a fizzling bearish push.


I do not write off any more dips but at this point they would not be stronger than a bullish push. Hence the reason i closed my shorts and added onto the longs. I favor a retest of 1.0275 (top of cloud and where the last bullish action halted). I am giving it another half a day time frame. Happy trading but let me hear what you think guys.

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  • #49,296
  • Jul 12, 2012 2:56am Jul 12, 2012 2:56am
I like that report touting Loan demand yet its mixed in with a lot of shadow banking where rates are unjustified..You gave an optimist piece why the AUD and china are going Higher here is a pessimistic piece

http://www.businessinsider.com/signs...-system-2012-7

The fact remains is AUD is going to Parity and those who are saying it will be at 1.04 in no time I wish I can directly take the other side of that trade in the marketplace. .98 is very plausible as we just where trading at .96 area less than two months ago

PS.....I am absolutely biased towards the downside as the charts are broken from ES, to commodities and Friday will be the point where we see those longs revalue their positions if they still have a balance in their account.
  • #49,297
  • Jul 12, 2012 2:57am Jul 12, 2012 2:57am
Quoting tomspin
I said I prefer PA more than lines out of thin air - I used to do that - this is trading market as you wish to see it - this chart could raised few eyebrows but I will trust my candles. Good luck with your trade I am sure there will be a bounce but I am trying too see a bigger picture here.

Edit btw you missed previous support which become valid resistance, the dip before recent high

http://s15.postimage.org/lrsz2az7f/aussie.gif
photo hosting...

dont get me wrong i share the exactly same view as you do, i just eliminated the s/r lines from my chart just to simplify its view
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #49,298
  • Jul 12, 2012 3:14am Jul 12, 2012 3:14am
Mr.MarginCole,

Nice to meet you I don't know much of ichimoku analysis but will look at it more It might be a fizzle b t were now in between the 78.6-88.6 level of trading so on the lower end we could push to .0125 then form some base looking at ES this morning and its trading from yesterday this could be a whippy day until GDP numbers tonight
  • #49,299
  • Jul 12, 2012 3:16am Jul 12, 2012 3:16am
Quoting Mr.MaginCole
Hi guys. First time commenting on this thread. I am a mostly techs trader and on an intra-day view.....i still hold a LONG sentiment. Why?

1) Using ichimoku analysis... the dark blue line (Kijun Sen) being inside a bullish cloud means that we are ranging but inside a bullish sentiment at least over the last 80 hours.

2) Price action is largely being played above the H4__200EMA (gold line in chart). Bullish bias. See the hefty bounces on 25th and 29th.

3) We are at the bottom-most part of the cloud (also a hint of reliable support). Shorts normally...
Watch PA about 1,0120 if she fail to bounce - close them longs straight away - How could you buy newly formed Lower High when it was falling down - is beyond my imagination - not hating here btw.
swing it!
  • #49,300
  • Jul 12, 2012 3:22am Jul 12, 2012 3:22am
I am waiting for US open as I think we have reached a level here on AUD/USD for those that are also bored I like to from time to time watch
Paul Tudor Jones Documentary 'Trader' the man is a boss... Enjoy

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