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  • #53,341
  • Sep 7, 2012 11:13am Sep 7, 2012 11:13am
Quoting nathan25x
well, its midnite here in paradise, time for me to pack it in....

good nite all, thank you for your virtual company here.....good luck to all with open positions.........
Have a great weekend Nathan. Cheers
Those who say it cannot be done should not interrupt those who are doing it
  • #53,342
  • Sep 7, 2012 11:15am Sep 7, 2012 11:15am
Quoting Cgb
That my shorts are doing well
Mine too. I will close it if can't stand looking at it. The price will go there but could be next year. The waiting game.
  • #53,343
  • Sep 7, 2012 11:15am Sep 7, 2012 11:15am
Quoting foto
People want to get going again here in the States, but certainly not like this. Until the election results are in, no one in business will commit to action. For now the more the hype the more that decision makers of the private sector will continue to sit on their hands.
I think so as well mate, but the question is, who will sit tighter? I wouldnt invest in neither Europe an neither US. So you are playing US deflation, till elections and shift of power is over?

T
"I know one thing, that I know nothing." Sokrates
  • #53,344
  • Sep 7, 2012 11:17am Sep 7, 2012 11:17am
cnbc debating qe3 or not qe3.

another $30 + friday for gold and starting to move higher again
ucad breached .98

sooner or later it has to reverse

so is it obama or mitt?
is it ben save the day with some form of qe3 on his last few months of his term if obama loses.
if ben saves the day does mitt keeps him on?
what will happen?
Wooooohooooo or Boooooohooooo
  • #53,345
  • Sep 7, 2012 11:20am Sep 7, 2012 11:20am
Quoting halkins
Hmmm... I am watching AUDUSD... on 1M and 5M timeframe.
Is it a falling knife? I don't know, don't know, ...
but think I wanna play this game a little
-
Still don't see any sign of retreat. Tricky.
  • #53,346
  • Sep 7, 2012 11:24am Sep 7, 2012 11:24am
Quoting Ken A
Still don't see any sign of retreat. Tricky.
I want to see a price action on 1.0400
Many TP and SELL orders could be around this area.
Read Charts - Not Papers
  • #53,347
  • Sep 7, 2012 11:24am Sep 7, 2012 11:24am
Anway foto, as you were talking about how you watch all the markets and how QE is not that important. I believe that is not true and you may actually see it right now.

It is not only private sector who is sitting tight right now, it is investment banks, everybody. Big bets have already been placed and now they are only awaiting crash to buy cheap. This is why any sign of additional "free" cash is the only thing that moves the markets. So actions of CBs really are, what is moving market right now.

T
"I know one thing, that I know nothing." Sokrates
  • #53,348
  • Sep 7, 2012 11:27am Sep 7, 2012 11:27am
Quoting halkins
I want to see a price action on 1.0400
Many TP and SELL orders could be around this area.
In in this situation you'd prefer to hold AUD or USD?
  • #53,349
  • Sep 7, 2012 11:29am Sep 7, 2012 11:29am
Tom,
I live near a small harbor and just last weekend was out doing some crabbing. A fellow that once worked for me came paddling by in a Kayak. We chatted, turned to politics, I said to him Jimmy just look out across this bay, look at all the wealth here, how could this Nation of ours be going broke if it wasn't for the shear magnitude of waste.

So I will remain a USD bull going forward, it will take so little to turn the tide for this Nation, but it will take someone with enough smarts to know up from down.
  • #53,350
  • Sep 7, 2012 11:34am Sep 7, 2012 11:34am
Quoting Ken A
In in this situation you'd prefer to hold AUD or USD?
I think it should draw down AUDUSD for some time.
Price couldn't touch 1.0400 so far.
I am not saying there won't be some other attempts to hit it again.
But this is your MM to use those movements in your favour.
-
Read Charts - Not Papers
  • #53,351
  • Sep 7, 2012 11:39am Sep 7, 2012 11:39am
Tom, QE is a negative for business decision makers. Those in positions of calling the money shots are also old enough to remember the Carter years and Volker and the aftermath of Arthur Burns. It is seared in the minds of these people after having gone through the agonies it entailed.

Whether or not it is valid as to outcome in todays world, the Gold Bug movement started back then, it is a crescendo now. Business people make decisions based upon life experiences not what a bunch of theory spouting fools at the Fed may have to say. So we have paralysis for now until the election. No one will risk a lifes work because of these trollops at the Fed.

Does QE move markets, sure, but is it moving them in the desired way.
NFP today says it is not, no matter what the programed trading platforms say.
  • #53,352
  • Sep 7, 2012 11:39am Sep 7, 2012 11:39am
Quoting halkins
I think it should draw down AUDUSD for some time.
Price couldn't touch 1.0400 so far.
I am not saying there won't be some other attempts to hit it again.
But this is your MM to use those movements in your favour.
-
hi Halkins and ken,

there's alot of china data coming over the weekend.
1.04 is very achievable but 1.0420-1.0440 is big resistance.
that's the point i see the retracement coming but if this qe3 or eu hopium happens then au should go hgher.
look at my profile for my views on other threads regarding au

thanks,
G
Wooooohooooo or Boooooohooooo
  • #53,353
  • Sep 7, 2012 11:42am Sep 7, 2012 11:42am
Quoting PipTrapper
Because we will not get QE3. There may be some policy changes but outright large scale unsterilized purchases will only serve to hurt the US economy even further.

The FOMC members are talking up "Further Action" and the market is interpreting it as "Further Easing". There is a very clear difference between the two.

When Bernanke last testified in front of congress and the senate, he was specifically asked what further tools the Fed had available should the economic conditions deteriorate.

The first item he mentioned (Which is usually...

I'm inclined to agree, I just can't see such a huge decision being made this quickly, especially before elections are complete and even more so with Ben's job on the line if Romney is elected. If anything all the drummed up political support for QE is likely just to create support for it as a policy measure used by the current Fed.

...But I have been wrong before, like with today's NFP numbers...although I feel that regardless of what it came out to be, it wouldn't have been bullish for $ before next week's FOMC.
  • #53,354
  • Sep 7, 2012 11:46am Sep 7, 2012 11:46am
Quoting halkins
Hmmm... I am watching AUDUSD... on 1M and 5M timeframe.
Is it a falling knife? I don't know, don't know, ...
but think I wanna play this game a little
-
BANG - BANG!
First target hit and now my breakeven point moved above 1.0400.
So now my trade is 100% secured.
I have exposed my account on 3% risk for 15minutes only.
If price breaks though 1.04 I am on BE, if not I can keep it 1000pips down,hehe...
Who says falling knives aren't funny?
-
Read Charts - Not Papers
  • #53,355
  • Sep 7, 2012 11:48am Sep 7, 2012 11:48am
Quoting gnomoneey
hi Halkins and ken,

there's alot of china data coming over the weekend.
1.04 is very achievable but 1.0420-1.0440 is big resistance.
that's the point i see the retracement coming but if this qe3 or eu hopium happens then au should go hgher.
look at my profile for my views on other threads regarding au

thanks,
G
Thanks...
Where's your profile? Any link please

By the way: it's important how 1H close in 10 minutes time.
I hope it's gonna be nice "shooting star", but it's getting green back again, we'll see...
-
Read Charts - Not Papers
  • #53,356
  • Sep 7, 2012 12:04pm Sep 7, 2012 12:04pm
Quoting Ken A
Still don't see any sign of retreat. Tricky.
If it comes, it will come a bit later. However, it could just as easily rally into NY close. Today the dealer pulled 5 jokers from his sleeve. Everything is smoke and mirrors. Next week's German constitutional court ruling and FOMC meeting will decide when this turd of a pair is going to where it belongs.
Those who say it cannot be done should not interrupt those who are doing it
  • #53,357
  • Sep 7, 2012 12:06pm Sep 7, 2012 12:06pm
Quoting Tom_D_Trader
Anway foto, as you were talking about how you watch all the markets and how QE is not that important. I believe that is not true and you may actually see it right now.

It is not only private sector who is sitting tight right now, it is investment banks, everybody. Big bets have already been placed and now they are only awaiting crash to buy cheap. This is why any sign of additional "free" cash is the only thing that moves the markets. So actions of CBs really are, what is moving market right now.

T
Allow me to correct you...

So words of CBs really are, what is moving market right now.
Those who say it cannot be done should not interrupt those who are doing it
  • #53,358
  • Sep 7, 2012 12:06pm Sep 7, 2012 12:06pm
Quoting halkins
Thanks...
Where's your profile? Any link please

By the way: it's important how 1H close in 10 minutes time.
I hope it's gonna be nice "shooting star", but it's getting green back again, we'll see...
-
click my name and look at my other post
i don't bug down this thread with unrelated info so im posting thru other ones with my views.

day is done hard to trade now with beautiful summer day outside.u
you have range next week from monthly pivot to about 1.0280. but i think we are heading north for now and a little consolidation also.
good luck
thanks,
G
Wooooohooooo or Boooooohooooo
  • #53,359
  • Sep 7, 2012 12:08pm Sep 7, 2012 12:08pm
Quoting gnomoneey
click my name and look at my other post
i don't bug down this thread with unrelated info so im posting thru other ones with my views.

day is done hard to trade now with beautiful summer day outside.
good luck
thanks,
G
Hey, you're kidding me... I can see loads of clouds
I'll check this out. Thnx
-
Read Charts - Not Papers
  • #53,360
  • Sep 7, 2012 12:10pm Sep 7, 2012 12:10pm
Quoting halkins
Hey, you're kidding me... I can see loads of clouds
I'll check this out. Thnx
-
its not super hot and its cloudy...
you're here in toronto?
Wooooohooooo or Boooooohooooo
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