Aussie Trading Room and Cartoons Gallery | Page 257 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Cartoons and Pics 2,832 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: Aussie Trading Room and Cartoons Gallery
Exit Attachments

Aussie Trading Room and Cartoons Gallery

  • #5,121
  • Aug 9, 2012 6:53pm Aug 9, 2012 6:53pm
The first statement is the key.

‘Persistently High’ A$ may hurt growth more than in past.' IMHO
daddybearforex. com
  • #5,122
  • Aug 9, 2012 6:56pm Aug 9, 2012 6:56pm
Quoting DaddyBear
The first statement is the key.

‘Persistently High’ A$ may hurt growth more than in past.' IMHO
Kind of contradictory statements

"Says elevated currency is key part of structural change."
??
In trading, you have to be defensive and aggressive at the same time
  • #5,123
  • Aug 9, 2012 6:57pm Aug 9, 2012 6:57pm
Quoting DaddyBear
The first statement is the key.

‘Persistently High’ A$ may hurt growth more than in past.' IMHO
Now, I recall that the same situation happened after last statement in July. The market was dead for 30 to 40 minutes.
daddybearforex. com
  • #5,124
  • Aug 9, 2012 6:58pm Aug 9, 2012 6:58pm
Quoting dab
Whilst much focus should be on price action, support and resistance it pays to have an appreciation of big events coming up such as FOMC meetings or Sept 12 German court ruling on ESM.
Hi Dab
Good summary, yes typically AUD has correlated with EUR, however of late as you suggested this has changed. I read somewhere that the Swiss had been purchasing AUD as well.
Dab can you tell us more about the Sept 12 German court ruling and how this may impact on this pair?
  • #5,125
  • Aug 9, 2012 7:00pm Aug 9, 2012 7:00pm
Quoting Davit
Kind of contradictory statements

"Says elevated currency is key part of structural change."
??
These CB bankers are very good in playing such ambiguous languages. Seems to me, most people don't understand what it really means.
daddybearforex. com
  • #5,126
  • Aug 9, 2012 7:06pm Aug 9, 2012 7:06pm
The statement openly says they will monitor and act accordingly, so if we get bad data/news from China before the next rate decision, the market will probably price in a 0.25 cut.

Regarding the German court ruling, it may be the same thing that France had to do regarding the ECB bond buying, I understand that the French court gave the thumbs up yesterday, so it now only needs a government vote not a chance in the European agreement between the 17 members, obviously German courts might see it differently.
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,127
  • Aug 9, 2012 7:12pm Aug 9, 2012 7:12pm
Let me post my previous cartoon again.

Quoting DaddyBear
While eating grass at a plateau, the Bull saw a traffic sign .......

Attention: DaddyBear's cartoons are not indicators, please do not apply them to your charts because they won't fit anyway.
http://www.forexfactory.com/attachme...1&d=1344518353
daddybearforex. com
  • #5,128
  • Aug 9, 2012 7:19pm Aug 9, 2012 7:19pm
Got out of prison today. My view, not behind a cell.
Attached Image (click to enlarge)
Click to Enlarge Name: h4audusd.jpg Size: 75 KB
Time turns trend. - W.D. Gann
  • #5,129
  • Aug 9, 2012 7:21pm Aug 9, 2012 7:21pm
China bears roar after y'days data dump - IFR

Ambrose Evans-Pritchard UK Telegraph - China heading for a hard landing
AEP makes well known China bears - Jim Chanos/Hugh Hendry look tame
AEP picks the worst of the worst commentary following y'days data dump
"The hard landing has happened" and "we think GDP slowed to 1% in Q2"
Beijing is steering the currency lower to cushion the shock quoting SecJourn
@thomsonreuters.com
-----------------------------------------------------------------
So, will we see this....
Attached Image
  • #5,130
  • Aug 9, 2012 7:40pm Aug 9, 2012 7:40pm
Quoting payal
So, will we see this....
WTH?
http://www.forexfactory.com/attachme...2&d=1344566205
daddybearforex. com
  • #5,131
  • Aug 9, 2012 7:42pm Aug 9, 2012 7:42pm
It broke off it's gear 5 TL . coming down babe. until another draghi or eurozone's leader's mouth interruption.
let's see what cny trade balance brings too.
  • #5,132
  • Aug 9, 2012 7:52pm Aug 9, 2012 7:52pm
Davit – you’re welcome! With all your reading I imagine you will have plenty of helpful insights for us.

Timster – re Sept 12 ruling on ESM.
I won’t pretend I understand all the intricacies but basically with the Europe debt crisis there has been a temporary relief fund EFSF and a more permanent ESM. Funds are generally granted to help countries in trouble and austerity measures implemented to help get the troubled countries using good financial management. Officially as I understand it the German court must rule on whether the ESM is consistent with the German constitution. The exact nature of the challenge I am not sure on but I assume it’s something like whether Germany’s sovereignty is undermined. Unofficially it brings into play questions like whether it would take power away from the German court. This type of issue is why the Europe situation is very precarious – many individuals in power are looking after themselves and not the best interests of their constituents. German public are also worried about the debt burden (taxes) that may land on them for bailing out other countries.

Possible Impact
Worst case scenario may be that ESM is ruled unconstitutional and countries the size of Spain or Italy will require help. If the ESM isn’t approved and they need help than an event the scale of Lehman brothers (GFC) in 2008 or larger is possible with domino effect on other countries / institutions exposed to their debt.

Some articles I have read suggest that the ESM will be approved by the German court but I really don’t know. It is difficult to know the end game of various participants and another thing as to whether they will be able to maintain enough political support to implement objectives.
Hope for the best, prepare for the worst.
  • #5,133
  • Aug 9, 2012 7:59pm Aug 9, 2012 7:59pm
Breakout to the downside?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 99 KB
  • #5,134
  • Aug 9, 2012 8:02pm Aug 9, 2012 8:02pm
yay its falling its falling its really really falling lmao...
There are those who know, and there are those who don't know.
  • #5,135
  • Aug 9, 2012 8:03pm Aug 9, 2012 8:03pm
Quoting palabara
yay its falling its falling its really really falling lmao...
its at the next support line now.. lets see if its going to give.. cause papa needs a pair of brand new shoes!
There are those who know, and there are those who don't know.
  • #5,136
  • Aug 9, 2012 8:04pm Aug 9, 2012 8:04pm
I know I'm not the only one calling for down here, but I'm gonna pat myself on the back for that one. LOL
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 38 KB
  • #5,137
  • Aug 9, 2012 8:04pm Aug 9, 2012 8:04pm
No brakes next xx pips. Nice DB.
  • #5,138
  • Aug 9, 2012 8:05pm Aug 9, 2012 8:05pm
nice surprise there on the hourly . sudden free fall of another 18-20 pips.'

Now is to break that 30 support into 1.05 then free fall back into 1.0435 area.

testing asia's support.

30 is my hour4's signal for south. CCI already crossed 0 into negative, same for adx, a good sign for the bear.

Quote

  1. Balance $25.1b ( 35.8b survey, 35.05 prior)
  2. Exports 1% ( 8.6% survey , 11.3% prior)
  3. Imports 4.7% ( 7.2% survey , 6.3 % prior)

Extremely weak numbers at first glance . Aussie $ lower down to 1.0530 support level.

  • #5,139
  • Aug 9, 2012 8:06pm Aug 9, 2012 8:06pm
The traffic sign was changed to ......
Attached Image
daddybearforex. com
  • #5,140
  • Aug 9, 2012 8:07pm Aug 9, 2012 8:07pm
difficult for us part timers to trade events listed as tentative on the calendar....

happy about the current direction though!
Hope for the best, prepare for the worst.
3 traders viewing now