Aussie Trading Room and Cartoons Gallery | Page 441 | 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

  • #8,801
  • Sep 3, 2012 10:46pm Sep 3, 2012 10:46pm
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. 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
Every Bear will be matched by a Bull the numbers on each side will vary at different times causing the moves up or down.
Am waiting for a run up before I can short again.
Neither Fundies nor the technicals seem to indicate an immediate turn around on the charts (W1, D1 & H4 - all pointing south). If past patterns are to go by, AU seems to have a tendency for continous drops - see April 30 to June 1 - a good 900 pip continuous run.
I found an earlier post in this forum appealing: Order Flows and given the timings the thought process seemed credible.

When all around you hear news of slowing growth, it is difficult to accept a sharp rebound in China's growth - unless the consumption is from within and not export driven. Even the QE3 is about slowing growth and for its effects to kick in will take time - we can see that even based on earlier QEs.
I feel bearish but the PA is at crucial Fib levels - so feel rather undecided about short. I hope I not the only one to feel that way.

IMHO

Many green pips to all.
In The End It is Always OK. If It Is Not OK Then It Is Not The End.
  • #8,802
  • Sep 3, 2012 10:51pm Sep 3, 2012 10:51pm
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 always...
same here Papa, although we don't always share the same view of analysis but I've learned a lot of things from your views and words, especially the "flush the toilet", "worry what you can not see" and of course "PT".

to be honest..right now I'm starting to think that the move we had back in June to August (0.95 to 1.06) was the correction. Based on the "still needs to be tweaked big time" method that I'm currently using I kind of think that the drop we had back in May could still have some unfinished business. Maybe it's way too big for me to handle but that's what I'm currently thinking.

But none of my long term analysis does matter since I don't do swing trades, failed so many times trying to do so because I kind of not trusting my own analysis in long term...

Looking from the fundies, I must agree with you. I think Benny is most likely going to use the QE3 canon while Super Mario would not just sit there and do nothing while his single currency is falling apart despite the fact that the majority is being skeptical about what Super Mario and the gang could do to the "unfixable" damage...
I'm not currently paying attention and unaware to what happens in China because I'm totally not a fundie guy, using it as pre-cautions only

Look at me! Saying things like I know something, well eventually I don't

Well anyway, my view is we're heading for
1.0197
1.0142
1.0041
and maybe even bellow parity 0.9940.

The question lies in my head right now is...which way are we going to get there?
  • #8,803
  • Sep 3, 2012 10:51pm Sep 3, 2012 10:51pm
The signals of the Aussie's move after RBA's rate decision is written all over the walls. However, the ink was transparent and not visible.
daddybearforex. com
  • #8,804
  • Sep 3, 2012 10:51pm Sep 3, 2012 10:51pm
Quoting pauladkinsau
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....

When is Premier Wen retiring?

Unable to comment on iron ore as don't monitor.

Know from friends visiting China saying that many common-business(eg. toys, clothing) factories in China are still closing down, that is why I don't see any rebound in those businesses yet.

People said that China has enough population to satisfy internal consumption, but don't think enough China people will buy so many China clothes or toys, the only internal consumption that is worrying and always consuming are food/drinks.

China's CIC and investment authorities are smarter now in what they are buying.
They don't buy overseas properties, finance bank biz, high goodwill biz(eg. IT, Pharmaceuticals).
They now just buy overseas commodities biz, mines, food-producing farms biz and infrastructures.
They can spend all their USD$ to buy all these hard assets, rather than buying more US Treasury bonds.
  • #8,805
  • Sep 3, 2012 10:53pm Sep 3, 2012 10:53pm
Quoting DaddyBear
The Government's report indicates the bottoming is on the way. Not sure how reliable it is.

Please attach this Govt report you read or a link so can read it for interest sake.

Note we always beware of any Govt report or any reports produced by the finance/investment/trader industries.
  • #8,806
  • Sep 3, 2012 11:01pm Sep 3, 2012 11:01pm
Quoting nbhaya
I feel bearish but the PA is at crucial Fib levels - so feel rather undecided about short. I hope I not the only one to feel that way.
same here, wouldn't short at this point either...only a loony with balls of steal would do such thing

p.s. I hope I didn't offend anyone

p.s.s. I'm at the top of the page again! Yaaaayy!!
  • #8,807
  • Sep 3, 2012 11:03pm Sep 3, 2012 11:03pm
Quoting irfandbl
same here, wouldn't short at this point either...only a loony with balls of steal would do such thing

p.s. I hope I didn't offend anyone

p.s.s. I'm at the top of the page again! Yaaaayy!!
now you're doing it on purpose
  • #8,808
  • Sep 3, 2012 11:04pm Sep 3, 2012 11:04pm
Quoting foxybunny
Please attach this Govt report you read or a link so can read it for interest sake.

Note we always beware of any Govt report or any reports produced by the finance/investment/trader industries.

Don't be surprised if he tells you that you have to pay to see it and that he can't post anything about it.
Play the players, not the cards.
  • #8,809
  • Sep 3, 2012 11:04pm Sep 3, 2012 11:04pm
Quoting irfandbl;
same here, wouldn't short at this point either...only a loony with balls of steal would do such thing

p.s. I hope I didn't offend anyone

p.s.s. I'm at the top of the page again! Yaaaayy!!
bro..ente pikir ni kaskus apa yak
  • #8,810
  • Sep 3, 2012 11:05pm Sep 3, 2012 11:05pm
Quoting irfandbl
same here, wouldn't short at this point either...only a loony with balls of steal would do such thing

p.s. I hope I didn't offend anyone

p.s.s. I'm at the top of the page again! Yaaaayy!!
Thank you for sharing your thoughts - sometimes one needs a nudge to move ahead or a tug to stay put!
Many Thanks
In The End It is Always OK. If It Is Not OK Then It Is Not The End.
  • #8,811
  • Sep 3, 2012 11:06pm Sep 3, 2012 11:06pm
Quoting NewbTrader7
now you're doing it on purpose
Hell noooo I'm not doing it on purpose hahaha, how could one expect to be at the top of the page?

I don't now man, but I kind of think that it's my destiny
  • #8,812
  • Sep 3, 2012 11:07pm Sep 3, 2012 11:07pm
Quoting aqeelaputra
bro..ente pikir ni kaskus apa yak
hahaha..pertamax ya bro!

Quoting nbhaya
Thank you for sharing your thoughts - sometimes one needs a nudge to move ahead or a tug to stay put!
Many Thanks
no problem buddy, better be safe than sorry, better miss the train than to be hit by the opposite one...
  • #8,813
  • Sep 3, 2012 11:27pm Sep 3, 2012 11:27pm
http://i1169.photobucket.com/albums/...o/63c158b5.png
pending retracement perhaps ?
  • #8,814
  • Sep 3, 2012 11:37pm Sep 3, 2012 11:37pm
Quoting dav7
http://i1169.photobucket.com/albums/...o/63c158b5.png
pending retracement perhaps ?

I sure hope so, I went long last night cos I knew there would be no change in the interest rates today, hopefully a push to around 1.0350
  • #8,815
  • Sep 3, 2012 11:44pm Sep 3, 2012 11:44pm
Quoting foxybunny
Please attach this Govt report you read or a link so can read it for interest sake.

Note we always beware of any Govt report or any reports produced by the finance/investment/trader industries.
I posted it during past weekend.
daddybearforex. com
  • #8,816
  • Sep 3, 2012 11:45pm Sep 3, 2012 11:45pm
Quoting irfandbl
are you sure?


I'm at the top of the page again! Yaaaaay!
Do you think I was not sure?
daddybearforex. com
  • #8,817
  • Sep 3, 2012 11:48pm Sep 3, 2012 11:48pm
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 61 KB
Click to Enlarge Name: 2.jpg Size: 55 KB
  • #8,818
  • Sep 3, 2012 11:50pm Sep 3, 2012 11:50pm
Quoting DaddyBear
Do you think I was not sure?
of course you were
  • #8,819
  • Sep 3, 2012 11:57pm Sep 3, 2012 11:57pm
Quoting GnarlyPips
Don't be surprised if he tells you that you have to pay to see it and that he can't post anything about it.
In case you overlooked this cartoon.

http://www.forexfactory.com/attachme...1&d=1346605027
daddybearforex. com
  • #8,820
  • Sep 4, 2012 12:01am Sep 4, 2012 12:01am
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 always...
The simplified version of this message is below and it's free.

http://www.forexfactory.com/attachme...1&d=1346598690
daddybearforex. com
14 traders viewing now