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  • #2,001
  • Jul 30, 2012 7:54am Jul 30, 2012 7:54am
guess a better short was on eur/aud. aud/usd bull still controlling the game despite eur/usd already plunge 30-50 pips on and off.

something need to take this bull out. first by seeing gold, oil & s&p500 plunges first. if not kind of hard to take him out.
  • #2,002
  • Jul 30, 2012 7:55am Jul 30, 2012 7:55am
Quoting 5percent
guess a better short was on eur/aud. aud/usd bull still controlling the game despite eur/usd already plunge 30-50 pips on and off.

something need to take this bull out. first by seeing gold, oil & s&p500 plunges first. if not kind of hard to take him out.
I'm not sure if anything will the the bull out until the ECB this week.
Good luck and may the odds be ever in your favor!
  • #2,003
  • Jul 30, 2012 8:01am Jul 30, 2012 8:01am
Attached Image (click to enlarge)
Click to Enlarge Name: photo.JPG Size: 120 KB


will be back v soon
  • #2,004
  • Jul 30, 2012 8:01am Jul 30, 2012 8:01am
Quoting pauladkinsau
The problem with Draghi and Co's comments late last week about supporting the Euro at any cost is that without a plan, he and his words and the Euro will sink faster than the Titanic.

In that scenario, will the little Aussie bleeder be a safe haven? I doubt it.

The devil will be in the details.
The AUD is a good place to put your money in, there is no doubt about that. It will get even stronger when big boys are withdrawing funds from Europe and looking for alternative areas to put their money in.

It has little exposure to Europe with regards to international trade and the only thing that can drag it down is the USD strength and the weakness of Asian economies.

All the Euro will kill the AUD rallies are unfounded fundamentally except market perception that the AUD is a risk currency. We have already seen the correlation between the EUR and AUD decouple as fundamentals take the drivers seat.
  • #2,005
  • Jul 30, 2012 8:09am Jul 30, 2012 8:09am
Quoting 5percent
guess a better short was on eur/aud. aud/usd bull still controlling the game despite eur/usd already plunge 30-50 pips on and off.

something need to take this bull out. first by seeing gold, oil & s&p500 plunges first. if not kind of hard to take him out.


On a side note, weakness in correlated assets will probably not dent the AUD strength given how correlation have broken down.

It would be safer to bet on Jap/Aus numbers released tomorrow to help the bears
  • #2,006
  • Jul 30, 2012 8:13am Jul 30, 2012 8:13am
Quoting irfandbl
I belong to the 1st group as well Papa, hence I'm thinking that 1.0507 would be too soon as well
"Time Will Tell!"
daddybearforex. com
  • #2,007
  • Edited 10:57am Jul 30, 2012 8:15am | Edited 10:57am
This stupid thing is just a big tease! I am always on the losing side.

Last week I accidently went short on the Aud/Usd when I meant to go long. Then I thought well let me try to go long on the Cad/Usd to use as buffer. The stupid thing went crazy. (I think it's a conspiracy) I left it during the weekend and then decided this early morning (like 5am) that I would go opposite on Cad/usd after closing my long and losing 25p. Now the stupid thing is stuck again. -4p

Newbie mistakes but man this is insane.
  • #2,008
  • Jul 30, 2012 8:32am Jul 30, 2012 8:32am
Quoting Esssex


On a side note, weakness in correlated assets will probably not dent the AUD strength given how correlation have broken down.

It would be safer to bet on Jap/Aus numbers released tomorrow to help the bears
i agreed most correlation is been haywired recently, if aud is not going to move much today, then tmr's data should at least shake it up.
  • #2,009
  • Jul 30, 2012 8:34am Jul 30, 2012 8:34am
Quoting DaddyBear
"Time Will Tell!"
I moved to the sideline after looking at H1 ADX and the pattern. The bulls still have upper hand atm.
daddybearforex. com
  • #2,010
  • Jul 30, 2012 8:38am Jul 30, 2012 8:38am
we will know the outcome within 1hour from now. another 20 mins, normally before the action kicks in. someone kill this bull pls.

its escaping every level of turning point since last friday lol.
  • #2,011
  • Jul 30, 2012 8:46am Jul 30, 2012 8:46am
good morninng everyone...been reading up on last nights post ...lots of action on the forum not much with the Aud though...been in a long since 1.0469 am looking for 1.0520-30 area for TP...been playing around with this chart lately ...what do you guys think..... this ones on the Daily TF..


Attached Image (click to enlarge)
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  • #2,012
  • Jul 30, 2012 8:51am Jul 30, 2012 8:51am
Just curious who you guys use for your broker and charting services?
Good luck and may the odds be ever in your favor!
  • #2,013
  • Jul 30, 2012 8:52am Jul 30, 2012 8:52am
Quoting petehnm
good morninng everyone...been reading up on last nights post ...lots of action on the forum not much with the Aud though...been in a long since 1.0469 am looking for 1.0520-30 area for TP...been playing around with this chart lately ...what do you guys think..... this ones on the Daily TF..


Attachment
Pete, your chart has some indications. Looks like 1.052x is a feasible TP atm. IMHO
daddybearforex. com
  • #2,014
  • Jul 30, 2012 8:52am Jul 30, 2012 8:52am
Quoting DaddyBear
I moved to the sideline after looking at H1 ADX and the pattern. The bulls still have upper hand atm.
I just have a feeling this thing is going to ride the trendline until something fundamental comes along to force the bears into action...
  • #2,015
  • Jul 30, 2012 9:07am Jul 30, 2012 9:07am
Quoting DaddyBear
Pete, your chart has some indications. Looks like 1.052x is a feasible TP atm. IMHO
thanks papa...gonna keep a close eye on the lower time frames though...have to aggree with what Nate04 just said about the fundamentals....seems to me that there's been to much bull action going on...everything is still bad everywhere..so once the market starts to admit to it again down we go... maybe this week ..that's why I'm keeping a close eye on the lower time frames to start indicating it...
  • #2,016
  • Jul 30, 2012 9:10am Jul 30, 2012 9:10am
Good afternoon.. just been away driving for 3 hours and the short i opened before setting off is within 2 pips of where I entered.....
  • #2,017
  • Jul 30, 2012 9:10am Jul 30, 2012 9:10am
Quoting dbutton1990
Just curious who you guys use for your broker and charting services?
hey db1990...I'm with FXCM and use their charts....
  • #2,018
  • Jul 30, 2012 9:11am Jul 30, 2012 9:11am
Quoting Nate04
I just have a feeling this thing is going to ride the trendline until something fundamental comes along to force the bears into action...
On July 13, I posted this cartoon at the old house. C= 1.0170. A lot of bears came to laugh at my cartoons. Now the balloon has reached high elevation. The oxygen level is getting low for the Bull. At certain point, both the Bull and his balloon will have to come down to a sustainable elevation.
Attached Image
daddybearforex. com
  • #2,019
  • Jul 30, 2012 9:11am Jul 30, 2012 9:11am
Quoting DaddyBear
"Time Will Tell!"
Indeed Papa, maybe tomorrow will tell, I think it's going no where for today. Let's see by the time London closes, usually we have some awkward movements during it
  • #2,020
  • Jul 30, 2012 9:12am Jul 30, 2012 9:12am
It's been knocking on the door of 1.05, but no doubt clearing a few stops. Agree with DB, on the H1 chart the risk is to the upside, though there is still a chance of a correction in the 1.0505-10 area.

Late mail - just breached 10500 again. Wil it hold or fold?
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