Aussie Trading Room and Cartoons Gallery | Page 440 | 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

  • #8,781
  • Sep 3, 2012 6:55pm Sep 3, 2012 6:55pm
Attached Image


note : I think we're due for a correction (north)
  • #8,782
  • Sep 3, 2012 7:35pm Sep 3, 2012 7:35pm
Quoting irfandbl
Attachment

note : I think we're due for a correction (north)
I'm looking at H4 and H1 and ADX and don't see a north-bound lane. Maybe some zigzags in the road down the mountain, but I guess it depends what you call a correction - 30 pips, 50 pips? The last zigzag took us up from 1.0280 to 1.0340, but we are now well south of that point.
  • #8,783
  • Sep 3, 2012 7:36pm Sep 3, 2012 7:36pm
"Aus miner Fortescue announced scaling back mine and port expansion plans
The cutting back is due to the falling iron ore price
AUD/USD eased to 1.0227 on announcement as fears of end of mining boom weigh
Key support found at 38.2 fibo of the 0.9581/1.0615 move at 1.0220
More support found at 100-day MA ahead of 1.0200 @thomsonreuters.com"
  • #8,784
  • Sep 3, 2012 7:42pm Sep 3, 2012 7:42pm
i don't understand, about what's really happening.
I mean, brent at 115.80, gold at 1695, s&p 1407, audusd just continue making new lows.
Is.. is something strange, i must really admit that this weakness in aussie was a big suprise to me, this market seems to find always new ways to surprise me
  • #8,785
  • Sep 3, 2012 8:12pm Sep 3, 2012 8:12pm
Poor pqt, I always miss the fun. I like toying with a yayhoos mind.
  • #8,786
  • Sep 3, 2012 8:14pm Sep 3, 2012 8:14pm
Quoting tunera
i don't understand, about what's really happening.
I mean, brent at 115.80, gold at 1695, s&p 1407, audusd just continue making new lows.
Is.. is something strange, i must really admit that this weakness in aussie was a big suprise to me, this market seems to find always new ways to surprise me

Well, there's always a disconnect that will come. When they arrived at the Y in the road they took different routes.
  • #8,787
  • Sep 3, 2012 8:17pm Sep 3, 2012 8:17pm
Quoting irfandbl
Attachment

note : I think we're due for a correction (north)
The currency mkts trend well when they trend and do not always turn when we expect them to turn. Never swim against the current.
  • #8,788
  • Sep 3, 2012 8:45pm Sep 3, 2012 8:45pm
Quoting pauladkinsau
I'm looking at H4 and H1 and ADX and don't see a north-bound lane. Maybe some zigzags in the road down the mountain, but I guess it depends what you call a correction - 30 pips, 50 pips? The last zigzag took us up from 1.0280 to 1.0340, but we are now well south of that point.
I don't see any north bound lane either, all of my targets are pointing south, but as DB always says, we should worry about the thing that we can not see. And yes, 30 to 50 pips correction is what I'm expecting, but we could get more

Quoting chiknthief
The currency mkts trend well when they trend and do not always turn when we expect them to turn. Never swim against the current.
Points taken chiknthief, thanks very much
  • #8,789
  • Sep 3, 2012 9:38pm Sep 3, 2012 9:38pm
Quoting tunera
i don't understand, about what's really happening.
I mean, brent at 115.80, gold at 1695, s&p 1407, audusd just continue making new lows.
Is.. is something strange, i must really admit that this weakness in aussie was a big suprise to me, this market seems to find always new ways to surprise me
Take it easy, tunera. I see strong bullish momentum now.
daddybearforex. com
  • #8,790
  • Sep 3, 2012 9:39pm Sep 3, 2012 9:39pm
Quoting irfandbl
I don't see any north bound lane either, all of my targets are pointing south, but as DB always says, we should worry about the thing that we can not see. And yes, 30 to 50 pips correction is what I'm expecting, but we could get more



Points taken chiknthief, thanks very much
Hippo boy, this is not going to be a correction.
daddybearforex. com
  • #8,791
  • Sep 3, 2012 9:43pm Sep 3, 2012 9:43pm
Quoting DaddyBear
Hippo boy, this is not going to be a correction.
are you sure?


I'm at the top of the page again! Yaaaaay!
  • #8,792
  • Sep 3, 2012 9:50pm Sep 3, 2012 9:50pm
Quoting irfandbl
are you sure?


I'm at the top of the page again! Yaaaaay!
Remember I told you the sub-trend?
daddybearforex. com
  • #8,793
  • Sep 3, 2012 9:55pm Sep 3, 2012 9:55pm
Quoting DaddyBear
Remember I told you the sub-trend?
Let me have a look at your post about the sub-trend, I remember you said that a view days back...
but I think this bear train hasn't finished yet

....at least that's what this guy told me

Attached Image
  • #8,794
  • Sep 3, 2012 10:13pm Sep 3, 2012 10:13pm
Quoting irfandbl
Let me have a look at your post about the sub-trend, I remember you said that a view days back...
but I think this bear train hasn't finished yet

....at least that's what this guy told me

Attachment
Hippo boy, I enjoy having exchanges with you even though we don't share the same view all the time.

Let me tell you what I have seen. The "past" bear trend was a correction within a bigger correction. Because it occurred so close to the weekly DTL, I began to question myself if this sub-trend is going to stop at DTL.

This past Sunday, I realized one important issue. At that moment, I saw a much bigger picture of the Aussie. Now I believe the crossover of the DTL is highly possible.

There are some fundies to support my view even I don't always look at fundies for answers. Bernanke's QE3 unwrapping this month and China's strong rebound will be the two corner stones for such a move. IMHO
daddybearforex. com
  • #8,795
  • Sep 3, 2012 10:15pm Sep 3, 2012 10:15pm
Quoting DaddyBear
Hippo boy, I enjoy having exchanges with you even though we don't share the same view all the time.

Let me tell you what I have seen. The "past" bear trend was a correction within a bigger correction. Because it occurred so close to the weekly DTL, I began to question myself if this sub-trend is going to stop at DTL.

This past Sunday, I realized one important issue. At that moment, I saw a much bigger picture of the Aussie. Now I believe the crossover of the DTL is highly possible.

There are some fundies to support my view even I don't...
China strong rebound music for my ears
  • #8,796
  • Sep 3, 2012 10:26pm Sep 3, 2012 10:26pm
Quoting tunera
China strong rebound music for my ears
CNBC-

Does History Suggest China Growth Is About to Rebound?

http://www.cnbc.com/id/48888288
daddybearforex. com
  • #8,797
  • Sep 3, 2012 10:30pm Sep 3, 2012 10:30pm
Quoting DaddyBear
CNBC-

Does History Suggest China Growth Is About to Rebound?

http://www.cnbc.com/id/48888288
Where got China Rebound?

No evidence yet, so China not rebound.

The China's PMI shows in China is STILL having too much inventories AND not producing additional goods due to the too much inventories.

China need to clear the inventories first.
  • #8,798
  • Sep 3, 2012 10:38pm Sep 3, 2012 10:38pm
Quoting foxybunny
Where got China Rebound?

No evidence yet, so China not rebound.

The China's PMI shows in China is STILL having too much inventories AND not producing additional goods due to the too much inventories.

China need to clear the inventories first.
The Government's report indicates the bottoming is on the way. Not sure how reliable it is.
daddybearforex. com
  • #8,799
  • Sep 3, 2012 10:38pm Sep 3, 2012 10:38pm
Quoting foxybunny
Where got China Rebound?

No evidence yet, so China not rebound.

The China's PMI shows in China is STILL having too much inventories AND not producing additional goods due to the too much inventories.

China need to clear the inventories first.
Very good point about inventories, but that can cloud the picture. Inventories are of finished goods or semi finished, but factories are not buying raw materials. Hence although their finished goods warehouses are full, their raw materials warehouses are empty. So expect to see a rebound in iron ore prices soon.

But as for a general China rebound, I think that's out of the question. Beijing is likely to reduce RRR and/or interest rates, but don't expect them to pull out the chequebook (checkbook for American spellers) as they did in 2009. Actually, they have already been doing things, like accelerating infrastructure projects and freeing up capital.

Besides, Premier Wen is hardly likely to start with the largesse so close to the new leadership being announced. After the the announcement perhaps, but not before. And we don't even know exactly when the announcement will be, though the smart money says mid October.

More likely we will see China scraping along the bottom of the hard landing, under the guise of "allowing the steps we have already taken to run their full course".
  • #8,800
  • Sep 3, 2012 10:42pm Sep 3, 2012 10:42pm
Quoting DaddyBear
The Government's report indicates the bottoming is on the way. Not sure how reliable it is.
A country of that size and with 1.3 billion people, it can move the market one way or the other. For the stability of world economy, I'd hope they can make it.
daddybearforex. com
18 traders viewing now