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AUD/USD

  • #51,041
  • Jul 24, 2012 5:53pm Jul 24, 2012 5:53pm
Shorts for me too.
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FF journal: Peaks and Troffs
  • #51,042
  • Jul 24, 2012 6:06pm Jul 24, 2012 6:06pm
aussie soon to buy?

It's almost at the bottom of the channel
New voice message: Why are you calling me? If I need you, I'll call you!
  • #51,043
  • Jul 24, 2012 6:10pm Jul 24, 2012 6:10pm
I'm looking to buy after tonight's report is released...if it's postive that is...if it's negative then I will be placing a sell.
Good luck and may the odds be ever in your favor!
  • #51,044
  • Jul 24, 2012 6:14pm Jul 24, 2012 6:14pm
Quoting dbutton1990
I'm looking to buy after tonight's report is released...if it's postive that is...if it's negative then I will be placing a sell.
His catching on
There are those who know, and there are those who don't know.
  • #51,045
  • Jul 24, 2012 6:15pm Jul 24, 2012 6:15pm
Quoting KillerWhale
aussie soon to buy?

It's almost at the bottom of the channel
I'd wait for the CPI.. Hence.. I took my profits.. and Liquidated. Until the CPI kicks in.

One thing right now is important is CPI. You need to know consumer confidence, its a back bone of any economy.
There are those who know, and there are those who don't know.
  • #51,046
  • Jul 24, 2012 6:29pm Jul 24, 2012 6:29pm
Quoting palabara
His catching on
Good luck and may the odds be ever in your favor!
  • #51,047
  • Jul 24, 2012 7:10pm Jul 24, 2012 7:10pm
Quoting palabara

One thing right now is important is CPI. You need to know consumer confidence, its a back bone of any economy.
CPI isn't a measure of consumer confidence it's a measure of inflation .
You also need to ignore the Headline figure , instead look at the Trimmed & Weighted Means . Market consensus is the same for both Means ; +0.6 Q/Q & 1.9 Y/Y
  • #51,048
  • Jul 24, 2012 7:21pm Jul 24, 2012 7:21pm
Quoting Balmain Boy
CPI isn't a measure of consumer confidence it's a measure of inflation .
You also need to ignore the Headline figure , instead look at the Trimmed & Weighted Means . Market consensus is the same for both Means ; +0.6 Q/Q & 1.9 Y/Y
I confused the two.. Lol. But its still important!
There are those who know, and there are those who don't know.
  • #51,049
  • Jul 24, 2012 7:33pm Jul 24, 2012 7:33pm
Quoting palabara
I confused the two.. Lol. But its still important!
Posted this earlier too. BTW CPI is very important and its critical you understand the difference as it relates to intrest rates and the need to raise, lower or keep the same depending on the RBA's goals. However a strong currency can also help with that as well.
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #51,050
  • Jul 24, 2012 7:37pm Jul 24, 2012 7:37pm
Quoting palabara
I confused the two.. Lol. But its still important!
By the way not intended to attack you if that is how it came off just saying in case you are a newbie which i have no idea just trying to be helpful.
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #51,051
  • Jul 24, 2012 7:40pm Jul 24, 2012 7:40pm
Quoting CNTrader
By the way not intended to attack you if that is how it came off just saying in case you are a newbie which i have no idea just trying to be helpful.
Lol, It's ok.. I know what CPI is used for.. I was thinking of something else when I typed it, and then didn't realize it.. after I was pointed out.
There are those who know, and there are those who don't know.
  • #51,052
  • Jul 24, 2012 8:28pm Jul 24, 2012 8:28pm
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  • #51,053
  • Jul 24, 2012 8:32pm Jul 24, 2012 8:32pm
I'll definitely take that report, could have been much, much worse IMO
  • #51,054
  • Jul 24, 2012 8:35pm Jul 24, 2012 8:35pm
ya may start a move back up especially since previous was .1% could be the start of a move up
  • #51,055
  • Jul 24, 2012 8:41pm Jul 24, 2012 8:41pm
Quoting iNSIELD
ya may start a move back up especially since previous was .1% could be the start of a move up
I bought some, and really I'm mostly looking for a gap fill in the futures market, and the fed to signal they might do something.

That being said, I feel risk off will return by the end of the week!

Happy trading
  • #51,056
  • Jul 24, 2012 8:49pm Jul 24, 2012 8:49pm
I placed a buy!
Good luck and may the odds be ever in your favor!
  • #51,057
  • Jul 24, 2012 9:22pm Jul 24, 2012 9:22pm
i enterd short on nzd/usd as it breached the.7840 support. Looking at .7720 sort of level for tp. and sl .7865.

Also AUD/NZD breached the major resistance and will head up. Aiming for 1.3200 and sl-1.2945

still waiting for my entry on aud/nzd
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  • #51,058
  • Jul 24, 2012 9:26pm Jul 24, 2012 9:26pm
Market was pricing in a rate cut next month and the CPI number just threw the probability of this happening out the door. At least until the September meeting. I am long targeting the upper trend line from this mispricing.

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  • #51,059
  • Jul 24, 2012 11:16pm Jul 24, 2012 11:16pm
Wouldn't be surprised to see a temp reversal later this week Back up to 1.0300+ levels. At these current levels, i'm sidelined to see if we get another leg down first. With AU i will always favor the down side because almost every week i see someone or some bank saying that aussie is the most overvalued currency in the world.
  • #51,060
  • Jul 24, 2012 11:29pm Jul 24, 2012 11:29pm
Quoting MidasFX
Wouldn't be surprised to see a temp reversal later this week Back up to 1.0300+ levels. At these current levels, i'm sidelined to see if we get another leg down first. With AU i will always favor the down side because almost every week i see someone or some bank saying that aussie is the most overvalued currency in the world.
And of course, banks always tell the truth... OH, WAIT!

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